Remember that it's tax-efficient only if the accumulated amount is yanked out before maturity. Even though Sukanya Samriddhi Account does not come with a life cover, the insurance cover of parents or guardians cannot be ignored. IRDAI has recently mandated a minimum cover of Rs 500 lakh on each policy. This cover should take care of cash flows and future needs of your daughter.

InCred Money, the retail wealth-tech arm of InCred Group, launched a new MLD product on Feb 7. The InCred 1.5x Nifty Accelerator MLD offers investors participation in the equity market with an added layer of safety and 100% principal protection at maturity. This is their second MLD offering, with a credit rating of Crisil PP- MLD A+. With Indian equity markets at all-time highs.

Saudi Aramco, the world's largest crude oil exporter, is discussing investment opportunities with companies in India. They are looking to expand their presence in the Indian market through investments in refineries and petrochemicals. However, their plans have faced challenges in land acquisition. India has also expressed interest in involving Saudi Aramco in their strategic petroleum reserve.

SBI has joined forces with Flywire to improve the international education payment system for Indian students. Through this partnership, students can easily make digital payments in rupees, complying with RBI guidelines. This modernization comes at a critical time, with Indian students expected to double by 2024. Flywire's technology will simplify the once complex process and ensure accuracy.

Tata Steel's decision to call off the merger between TRF and itself caused TRF's shares to hit a 20 percent upper circuit. The companies had announced the merger in September 2022, but the swap ratio for TRF was not favorable. However, Tata Steel had been providing operational and financial support to TRF, leading to a turnaround in its business performance.

The highly anticipated initial public offering (IPO) of Rashi Peripherals Limited commenced today, with the bidding window open until February 9, 2024. Priced at Rs 295 to Rs 311 per share, the global tech brand distributor aims to mobilize Rs 600 crore through the issuance of fresh shares. The IPO is geared towards a listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange.

Geojit's report on Agri Picks The area under rabi crops in Telangana was 4.93 mln acres (1 acre = 0.40 ha) as of Wednesday, 13.4% lower than 5.70 mln acres a year ago, according to data from the state government. The acreage so far accounts for 90% of the normal rabi crop area of 5.5 mln acres for the entire season, the data showed. The area under pulses fell 26% on year to 305,397 acres.

V-Mart Retail's stock saw a 15% increase to Rs 2,410 on Feb 7 after reporting a 41% rise in profit for the Dec quarter. The company's revenue also rose by 14%, with expenses increasing by 15.4%. The management credited good festive demand and improved consumer sentiment for the positive results. The company opened 20 new stores and closed 3, taking their total count to 454.

Shares of FSN E-commerce Ventures, which operates omnichannel beauty and fashion retailer Nykaa on Wednesday jumped 6% in the early trade and hit the day's high of Rs 170 reacting to a near-double uptick in the net profit for the December quarter. Amid the company's strong focus on growth and the BPC segment's potential, several top brokerages remain optimistic about the prospects.

The resolution professional for Sachin Tendulkar-backed Smaaash Entertainment has called for expressions of interest for the third time amidst litigation by promoter Shripal Morakhia and after it was found that the brand was transferred fraudulently. Prospective bidders have until December 23 to submit plans, with a provisional list expected on January 2.

Bulls managed to dominate the market on February 6, pushing the Nifty 50 towards a record high of 22,126 with support at 21,700 and 21,500 levels. The market breadth was positive, with midcap and smallcap indices rising. Stocks like HDFC Life Insurance Company, Biocon, and Ipca Laboratories outperformed the market with strong bullish patterns formed on the daily charts.

NARCL, a state-backed bad bank, has bid for multiple distressed loans, including two special purpose vehicles of Sadbhav Engineering and the Haridwar Highways Project. The fate of these offers will depend on lenders' approval and could potentially lead to a Swiss challenge auction. NARCL has also offered to acquire Simplex Infra's debt of Rs 9,600 crore.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Wednesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up by 117.50 points or 0.53% at 22,122 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 gained 157.70 points.

HDFC Bank has launched four new credit cards designed for small and medium-sized entrepreneurs, offering 55 days of interest-free credit - the highest among any bank. These cards aim to tap into the bank's existing 5 million SME customers. Vidya Pradeep, EVP of HDFC Bank, highlighted that they have a complete range of products for the SME segment, and will soon launch a GIGA business card.

The CCI has approved Zurich Insurance Company's plan to acquire a 70% stake in Kotak Mahindra General Insurance. The proposed transaction will result in Zurich having a majority stake of 51%, with plans to acquire an additional 19%. This deal required CCI approval, as it oversees unfair business practices and ensures fair competition in the market.