When you buy a new car, you may wonder if the warranty covers all the things that aren't covered. After all, most warranties don't cover any of the following: brake pads and rotors, batteries, windshield…
RBI revises audit norms for banks to improve…
Mumbai: The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems. The LFAR, which applies to statutory…
The Moneyist: My roommate tested positive for COVID-19.…
Dear Moneyist, I wanted to ask you a moral or ethical question concerning COVID-19. Here’s my situation: my sister-in-law who currently lives with me has tested positive for COVID as of yesterday. I have not…
FOMO is gone, its cousin FOBI haunts investors…
NEW DELHI: There are two predominant fears for investors – the fear of missing out, better known as FOMO, and the fear of being invested, which I call FOBI. For those who love to time…
Axis MF launches global fund, aims to raise…
Axis Mutual Fund has launched 'Axis Global Alpha Equity Fund of Fund' which will invest in Schroder International Selection Fund Global Equity Alpha. The fund house said it is targeting to collect up to Rs…
Deep Dive: This analysis of Wall Street stock…
In the financial media, “Wall Street†typically means U.S. brokerage firms and often the analysts who work for them. They are known as “sell-side analysts.†They work independently of the firms’ sales teams, but there’s…
CDC issues sweeping temporary halt on evictions. Here’s…
Most renters in the U.S. are now protected from eviction until the end of the year, according to an order announced on Tuesday by the Centers for Disease Control and Prevention. The ban is unprecedented and…
The Moneyist: My father left me money for…
Dear Moneyist, I have been married to my husband for 38 years and we have three children together. When his mother passed away, he received an inheritance of $ 8,000. My husband never told me…
Banks free to restructure loans, but can’t penalise…
New Delhi: Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during the COVID-19 pandemic, a petitioner opposing the move said…