#MintCharts | Global central banks, including those in the US, UK, EU, India, and Japan, are expected to maintain their current interest rates in December due to persistent inflation concerns, contributing to a prolonged period of higher interest rates. Despite some softening, inflation has not yet stabilised at the levels targeted by these central banks.

Read today’s Plain Facts to get up to speed on the key global economic data that’s worth your attention.

#PersonalFinance | Most banks offer virtual #Rupay credit cards that can be linked to #UPI accounts for convenient and secure transactions, allowing credit card users to make small payments easily, benefiting from the UPI payment method's convenience.

(Shipra Singh reports)

Read here: https://www.read.ht/ROiI

#MintMacroTracker | Launched in October 2018, Mint’s macro tracker provides a monthly comprehensive report on the state of the economy, based on trends in 16 high-frequency indicators.

As of October 2023, 8 of the 16 indicators were in green, 4 were in red, & 4 in amber-an improvement from six months ago.

#PersonalFinance | Building a portfolio is a complex exercise, & it has to be maintained too. One must keep in mind the volatility risk of the asset class, liquidity, lock-in rules & taxation.

Here's a look at how four commonly used asset types - equity, cash, gold & fixed income - have done in different periods.

Former #TCS Chief Executive Officer Rajesh Gopinathan has joined the Boston Consulting Group (#BCG) as senior advisor TMT practice, Delhi team, according to a report.

Read more: https://www.read.ht/ROj1

#MintCharts | Dubai hosts COP28 this Thursday as global leaders address climate change.

Despite rich countries contributing to rising temperatures, Global Funds Update data reveals a $5 billion shortfall in climate finance deposits by industrialized nations compared to pledges as of December 2022.

The US, UK, and Germany show the largest gaps in pledged and deposited amounts.

#CharlieMunger, who helped Warren Buffett build Berkshire Hathaway, died at a California hospital on Tuesday. He was 99. His death was confirmed in a statement from the company.

Read here: https://www.read.ht/RPEV

#USvisas stamped or pasted on passport pages of applicants could soon be a thing of the past as the Biden administration has successfully completed a pilot project for issuing "paperless visa", according to an official.

The United States recently completed the small-scale programme at its diplomatic mission in Dublin and it plans to gradually roll it out.

Read more: https://www.read.ht/RPES

#PersonalFinance | Unifi Capital, known for its success in portfolio management services, receives SEBI approval to start mutual fund operations, facing challenges in replicating its thematic and mid/small-cap focus in the MF space - ✍ Sashind Ningthoukhongjam

Read more: https://www.read.ht/RPIK

#PersonalFinance | Bank fixed deposits (#FDs) continue to be popular investment products not just among senior citizens, who are looking for guaranteed income, but also among investors who can't stomach risk.

Here is a list of banks that offer the highest FD rates for deposits up to Rs 1 crore over various tenures.

#DataRewind is an occasional Plain Facts feature that brings you interesting statistics and charts from the yesteryears.

Here's the latest #DataRewind in today's Mint, looking at various employment sectors.

Data source: Economic Census 1980, Mint calculations

The market valuation of #BSE-listed companies crossed a record $4 trillion for the first time today, on the back of positive market sentiment in Indian equities.

#StockMarket

Read more: https://www.read.ht/RPJx

#MintCharts | India’s goods #imports have always exceeded its goods #exports. The two biggest reasons for this trade deficit are import of #crudeoil (a necessity) and #gold (a discretionary item).

In 2022-23, the contribution of gold to the goods trade deficit was the lowest in seven years. However, will the sharp spike in gold imports in October pressure the 2023-24 figure?

Read today’s Plain Facts.

The former United States Secretary of State and noted diplomat #HenryKissinger has passed away at his home in Connecticut. He was 100 years old.

His company Kissinger Associates announced his death in a statement on the evening of November 29.

Read here: https://www.read.ht/RPdk

#PersonalFinance | Should you invest directly in stocks or opt for mutual funds? How about just going passive and buying the index through an exchange traded fund (ETF)?

Even as investors ponder over these questions in the wake of a market rally over the past six months that boosted small- and mid-caps and pushed up portfolio values, experts have advised caution. The market rally may instil a false sense of confidence in many investors, some experts warn.

Read here: https://www.read.ht/RPfU

#PersonalFinance | Subscribers to the #NationalPensionScheme (NPS) can now choose separate pension managers for three asset classes—equity, government security, and corporate bonds, as per an update provided by the Pension Fund Regulatory and Development Authority. The option, however, has not been extended to alternative assets.

Hitherto, subscribers could choose only one pension manager for all the asset classes.

Read here: https://www.read.ht/RPgO

Forbes has released its 17th annual list of philanthropists who donated generously and showed commitment to causes of their choice over the past year. The unranked list showcases names from the Asia-Pacific region.

The Forbes Asia list acknowledges individuals who donate from personal funds, showcasing their commitment to various causes, and three Indians – DLF's KP Singh, Infosys' Nandan Nilekani, and Zerodha's Nikhil Kamat have made the list this year.

https://www.read.ht/RPhc

#Mint20BestFunds | We have hand-picked 20 #mutualfunds for your portfolio that have jumped through hoops of good returns, low risk, good portfolio hygiene & our own qualitative research.

We have restricted the choice universe to 10 categories out of the total 37 & given you at least two options to pick from each.

Tata Technologies, a subsidiary of Tata Motors (TML), made an impressive market debut today, listing at a 140% premium to the issue price of ₹500. The stock opened at ₹1,200 on the NSE and ₹1199.95 on the BSE.

The stock ended the listing day at ₹1,327 on the NSE, a 165.4% premium to the IPO price of ₹500, and at ₹1,326.25 on the BSE, a 165.25% premium.

Read here: https://www.read.ht/RPo6

#MarketsWithMint | #Sensex and the #Nifty50 closed November with strong gains. This surge was fueled by an uplift in sentiment, driven by mounting anticipation of a peak in interest rates in the US, coupled with the continuing strength in India's economic growth prospects.

Sensex rose 4.9% while the Nifty 50 jumped 5.5% in November. This was Nifty's best month since July 2022. For the Sensex, it was the best month since October 2022.

Read here: https://www.read.ht/RPnC

#BreakingNews | India's #GDP increases to 7.6% in July-September

Read here: https://read.ht/RPrS