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How much money should you keep in a savings account and where to park the rest?

How much money should you keep in a savings account and where to park the rest?

mint

You should put 20% of your money into savings, according to the 50/30/20 rule. This helps you manage your money well. Financial experts say to keep one month's expenses in your savings account for emergencies. The rest can be used for needs and wants.

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Core sector growth muted at 1.7% in April

Core sector growth muted at 1.7% in April

Financial Express

India's core sector grew a bit, just 1.7% in April, up from March's 1.2%. This was thanks to cement, electricity, and steel doing better. But, five out of eight key industries actually shrank, showing some parts of the economy are struggling. An expert said, "growth in core sector output remained quite subdued."

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CCI okays Blackstone, other investors' proposal to acquire stake in AI firm Neysa Networks

CCI okays Blackstone, other investors' proposal to acquire stake in AI firm Neysa Networks

MoneyControl

Big news! The CCI just said yes to Blackstone and others buying a piece of Neysa Networks, an AI company. This deal helps Neysa raise a lot of money, making it a "unicorn" company. They plan to use the funds to get over 20,000 GPUs for India's AI growth.

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Parliamentary panel expresses concern over investments in cryptocurrencies

Parliamentary panel expresses concern over investments in cryptocurrencies

Economic Times

Parliamentarians are worried about thousands of crores going into crypto. They said, "we are studying all three aspects to determine which is better." The panel wants to keep taxing these digital deals to keep money in India. They'll share their ideas after more talks.

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Core sector output rises 1.7% in April

Core sector output rises 1.7% in April

Economic Times

India's core sector output grew 1.7% in April, better than March's 1.2%. Electricity and cement production helped a lot. Rahul Agrawal said, "The uptick in growth in April related to March was largely driven by electricity generation, and cement." Some sectors slowed down, possibly because of global events.

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Apollo Hospitals Q4FY26 net profit up 36% at ₹529 crore

Apollo Hospitals Q4FY26 net profit up 36% at ₹529 crore

@businessline

Apollo Hospitals did really well, with their profit jumping 36% to ₹529 crore in the last quarter! They also plan to merge their maternity and fertility services with Cloudnine, a big move worth ₹1,550 crore. The company said "all business segments and all markets have shown robust growth."

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India's core sector growth rises to 1.7% in April, cement and steel power industrial momentum

India's core sector growth rises to 1.7% in April, cement and steel power industrial momentum

Firstpost

India's core industries grew a bit, up to 1.7% in April. Cement and steel really helped things along, with cement production jumping 9.4%. This shows "industrial momentum" is picking up, even though some other areas like coal and oil are still struggling a bit.

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Broker's call: Zydus Lifesciences (Accumulate)

Broker's call: Zydus Lifesciences (Accumulate)

@businessline

Zydus Lifesciences' Q4 earnings surprised analysts, with higher sales in key markets like the US and India driving growth. The company is developing new products, but "timely launch will be key to sustaining momentum." Experts suggest accumulating the stock, setting a target price of ₹1,080.

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India eyes S Korea's military industry might to fuel defence aatmanirbharta

India eyes S Korea's military industry might to fuel defence aatmanirbharta

@businessline

India wants to team up with South Korea's strong military industry to boost its own defence production. Defence Minister Rajnath Singh met with Korean officials and urged them to "jointly develop and produce advanced technologies." They discussed expanding cooperation in many areas, aiming for joint development, production, and exports to make both countries stronger.

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Apollo Hospitals Q4 profit jumps 36% to Rs 529 crore on strong operating performance

Apollo Hospitals Q4 profit jumps 36% to Rs 529 crore on strong operating performance

MoneyControl

Apollo Hospitals saw its profit jump 36% to Rs 529 crore in Q4FY26! This happened because their hospitals, digital pharmacy, and clinics all did really well. The company said, "strong operating performance" really helped boost their earnings, showing good growth across all their main areas.

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CCI okays Blackstone, other investors' proposal to acquire stake in AI firm Neysa Networks

CCI okays Blackstone, other investors' proposal to acquire stake in AI firm Neysa Networks

Economic Times

The CCI okayed Blackstone and others buying into Neysa Networks, an AI firm. This deal, announced in February, helps Neysa raise $1.2 billion. The company said this funding will "enable the country's AI revolution" by deploying over 20,000 GPUs in India, making Neysa a unicorn.

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Switched to the new tax regime? Deductions and exemptions you can no longer claim in FY 2026-27

Switched to the new tax regime? Deductions and exemptions you can no longer claim in FY 2026-27

Financial Express

If you've switched to the new tax system, be aware that many popular deductions are gone for FY 2026-27. While it offers lower rates, you lose out on things like Section 80C and HRA. However, a standard deduction of Rs 75,000 is still available.

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