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Akshaya Tritiya 2025 Live Updates: Akshaya Tritiya puja vidhi, shubh muhrat, significance and gold shopping time

Akshaya Tritiya 2025 Live Updates: Akshaya Tritiya puja vidhi, shubh muhrat, significance and gold shopping time

Time of India30-04-2025
Akshaya Tritiya, also known as Akha Teej, is a highly auspicious and sacred day in the Hindu calendar, celebrated with great devotion across India. In 2025, Akshaya Tritiya falls on Wednesday, April 30. The word Akshaya means 'never diminishing' in Sanskrit, symbolizing eternal prosperity, success, and good fortune. It is believed that any meaningful activity initiated on this day—be it investments, purchases, marriages, or new ventures—will continue to grow and bring lasting rewards. Traditionally, people buy gold on Akshaya Tritiya, as it is considered a sign of wealth and abundance. Many also perform pujas, offer prayers to Goddess Lakshmi and Lord Vishnu, and engage in charitable deeds. The day holds special significance for business communities, newlyweds, and spiritual seekers. It is also said to be the birthday of Lord Parashurama, the sixth avatar of Vishnu, and marks the beginning of the Treta Yuga. With its promise of endless growth and positivity, Akshaya Tritiya is not just a festival—it's a reminder to sow seeds of good karma, set new intentions, and embrace opportunities with faith. Celebrating this day with devotion and gratitude invites blessings for a flourishing future.
Akshaya Tritiya, also known as Akha Teej, is an auspicious and highly significant festival in the Hindu and Jain calendars. In 2025, Akshaya Tritiya falls on Wednesday, April 30, marking a spiritually potent day observed with great devotion and reverence across India.
The term 'Akshaya' in Sanskrit means 'eternal' or 'never diminishing,' while 'Tritiya' refers to the third lunar day of the bright half (Shukla Paksha) of the Hindu month of Vaishakha. It is believed that any good deed performed on this day multiplies manifold and yields eternal benefits. Therefore, Akshaya Tritiya is regarded as a highly favorable occasion to begin new ventures, invest in property or gold, and perform religious activities.
According to Hindu mythology, this sacred day is linked to several legends. It is said that Lord Parashurama, the sixth incarnation of Lord Vishnu, was born on Akshaya Tritiya. Another belief holds that the river Ganga descended to Earth on this day. It is also the day when Lord Krishna gave the Akshaya Patra (a mystical vessel of endless food) to the Pandavas during their exile, ensuring they never went hungry. This divine connection with abundance and prosperity underlines the day's importance.
For Jains, Akshaya Tritiya commemorates the day when the first Tirthankara, Lord Rishabhanatha, ended his year-long fast by accepting sugarcane juice from King Shreyansh. This act of devotion marks the beginning of a spiritual journey for many Jain followers, who observe rituals and fasts on this day.
One of the most popular traditions associated with Akshaya Tritiya is the purchase of gold. Buying gold on this day is considered a symbol of wealth and prosperity. Jewelers across the country witness a surge in customers, with many launching exclusive collections for the occasion. However, beyond material wealth, Akshaya Tritiya is also a day for performing acts of charity, helping the needy, and spreading positive energy.
People perform special pujas at home or in temples, offering prayers to Lord Vishnu and Goddess Lakshmi. Devotees also engage in activities such as chanting mantras, donating food and clothes, and feeding the poor and animals.
In 2025, Akshaya Tritiya presents an opportunity to align with positive cosmic energies, cultivate gratitude, and make a fresh start in personal or professional life. Whether you seek spiritual growth, material prosperity, or emotional renewal, this sacred day serves as a powerful reminder of abundance in all its forms.
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Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest?
Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest?

Time of India

time5 hours ago

  • Time of India

Record inflow of over Rs 15,000 crore in May. What is making arbitrage mutual funds gain investors' interest?

Arbitrage mutual funds saw record inflows in May, driven by market volatility and tax benefits. These funds exploit price differences, offering lower risk. Recent rate cuts by the Reserve Bank of India (RBI) impact arbitrage opportunities, but less than debt funds. Experts suggest arbitrage funds for investors with a one-year horizon. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads With arbitrage mutual funds attracting the highest inflows in May, exceeding Rs 15,000 crore, and gaining increasing investor interest, market expert believes this is due to several factors, including market volatility, tax efficiency, and relative stability. Given the current high market volatility, these funds may offer a good option for investors seeking relatively low-risk opportunities to benefit from market fluctuations.'Firstly, arbitrage funds try to benefit from volatile markets by exploiting price differences between the cash and futures markets. This allows them to generate returns without taking on significant directional market risk. Secondly, these funds are treated as equity funds for taxation purposes, which can be beneficial compared to debt funds as they are taxed at slab rates. Short-term capital gains are taxed at 20%, and long-term gains are taxed at 12.5%. Holding of anything below one year is defined as short term, while above that is long term,' Sailesh Jain, Fund Manager at Tata Asset Management shared with to Jain, the third factor is that arbitrage funds maintain a market-neutral position by simultaneously buying in the cash market and selling in the futures market, and this helps to reduce the risk compared to other types of May, arbitrage funds received a total inflow of Rs 15,701 crore which was the highest among all hybrid funds , according to the monthly data by the Association of Mutual Funds in India ( AMFI ).Further analysis of this monthly data showed that the highest inflows in May marked the second consecutive month of the highest inflows in the category. In April, these funds received an inflow of Rs 11,790 crore, which was again the highest among all hybrid in its last bi-monthly policy meeting slashed the repo rate by another 50 basis points to 5.50% and a 100 basis point CRR cut. This cut in repo rate was the third consecutive rate cut by the RBI in the current calendar year and the second one in the current financial year. This marks the third consecutive cut under Governor RBI slashing down the repo rate, market experts believe that fixed income landscape has turned even more favorable for investors and the CRR cut is a strong liquidity injection, which will further push down short-end rates and improve system-wide the last rate cut by the RBI, banks have also reduced interest rates on their fixed deposits. As the fixed deposits offer lower interest rates compared to debt mutual funds, Sagar Shinde, VP of Research at Fisdom, shared with ETMutualFunds that investors in higher tax brackets, with a 1–5-year horizon, can consider diversifying beyond FDs into mutual funds.'Arbitrage funds can be more efficient for holding periods of one year or more, while income-plus-arbitrage funds tend to become more tax-efficient when held for over two years,' he the important thing to check is how the recent RBI rate cut and improved debt outlook will affect returns from arbitrage similar thoughts on debt funds, Jain said that the recent RBI rate cut has reshaped the debt market landscape, and the impact on arbitrage funds includes lower short-term interest rates, improved liquidity, and debt market said that as arbitrage funds earn returns from the spread between cash and futures prices, a rate cut typically narrows this spread, as borrowing costs decline and futures premiums compress. 'This could moderately reduce arbitrage opportunities, especially in a low-interest environment, but the impact is much lesser when compared to debt funds, which are directly exposed to interest rates,' he the CRR cut boosts liquidity, which can enhance trading volumes and increase market efficiency, and higher liquidity may lead to more frequent arbitrage opportunities, albeit with tighter spreads. And lastly, while arbitrage funds are not directly exposed to interest rate risk like debt funds, rate cuts would impact debt products directly lowering their returns.'While Arbitrage funds are largely exposed to equities, the rate cut impact is low, hence it may yield relatively competitive returns than the comparable debt funds on post tax basis,' Jain further arbitrage funds come as an option for investors' to park their money for a year or more and offer best after-tax returns. Another option available for parking money for short-term is liquid funds have very low risk, carry credit and interest rate risk but arbitrage funds have no risk as 100% is hedged. The returns offered by liquid funds are low and those offered by arbitrage funds are these two options are available for parking money for short-term, Jain said that, 'We continue to remain optimistic on Arbitrage fund, with increased activity in the market may continue to provide continued opportunity for the arbitrage funds to generate relatively competitive returns than the comparable debt funds on a post-tax basis.'Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets. They may also invest in debt securities and equities if there are no arbitrage opportunities available in the market.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.

Bank holiday today: Are banks in Tripura closed for Kharchi Puja on July 3? Check full schedule here
Bank holiday today: Are banks in Tripura closed for Kharchi Puja on July 3? Check full schedule here

Mint

time8 hours ago

  • Mint

Bank holiday today: Are banks in Tripura closed for Kharchi Puja on July 3? Check full schedule here

Bank holiday today, July 3: Across the north-eastern state of Tripura and its capital Agartala, banks will be closed today (July 3, Thursday), for Kharchi Puja. Kharchi Puja is a Hindu festival, celebrated in Tripura, that is dedicated to fourteen deities called Chaturdasha Devata. Over this week, banks in India and in various states will have holidays for Guru Hargobind's birthday and the weekend as well. Overall, the Reserve Bank of India (RBI) has listed a total of seven holidays in July this year. Besides this, all banks in India, public and private, have the second and fourth Saturdays as a holiday and all Sundays in the month are weekly offs. The RBI and state governments create a list of holidays for banks, taking into account national and local occasions, operational requirements, religious celebrations and other cultural observances. The central bank makes the announcement through its official website and notifications to banks and other financial institutions. July 3 (Thursday) — Kharchi Puja — Banks will be closed in Agartala to celebrate Kharchi Puja, a Hindu festival in Tripura dedicated to fourteen deities called Chaturdasha Devata. July 5 (Saturday) — Guru Hargobind's Birthday — Banks will be closed in Jammu and Srinagar to mark Guru Hargobind's Birthday, the sixth of the ten Sikh Gurus. July 6 (Sunday) — Banks closed pan-India. July 12 (Saturday) — Bank closed pan-India for second Saturday. July 13 (Sunday) — Banks closed pan-India. July 14 (Monday) — Beh Deinkhlam — Banks will be closed in Shillong for Beh Deinkhlam, a festival celebrated by the Jaintia tribe in Meghalaya. July 16 (Wednesday) — Harela — Banks in Dehradun will be closed for Harela, a festival celebrated in the Kumaon region of Uttarakhand and some parts of Himachal Pradesh. July 17 (Thursday) — Death Anniversary of U Tirot Singh — Banks will remain shut in Shillong, marking the death anniversary of U Tirot Singh, one of the chiefs of the Khasi people. July 19 (Saturday) — Ker Puja — Banks in Agartala will be closed for Ker Puja, a festival celebrated in Tripura. It is dedicated to Ker, the region's guardian deity, who protects from calamities and external threats. July 26 (Saturday) — Banks closed pan-India for fourth Saturday. July 27 (Sunday) — Banks closed pan-India. July 28 (Monday) — Drukpa Tshe-zi — Banks in Gangtok will be closed for Drukpa Tshe-zi, a Buddhist festival that falls on the fourth day of the sixth month in the Tibetan lunar calendar. This day marks Lord Buddha's first sermon. You can continue to use online or mobile banking services even on national holidays — unless notified to users for technical or other reasons. For cash emergencies, ATMs are open for withdrawals, app and UPI function as usual. All of the bank's annual holiday calendar is declared by the RBI under provisions of the Negotiable Instruments Act, which deals with the issuance of cheques and promissory notes. Transactions involving these instruments are thus not available during these listed holidays. You should note that holidays may differ across states in India due to regional and local requirments. It is thus best to check with your local bank branch for their holiday schedule or list ahead of time to be properly informed and make preparations in case of emergencies or long weekends.

Mumbai court nixes Rs 1,478cr money laundering case accused Ritesh Jain's plea for family holiday abroad
Mumbai court nixes Rs 1,478cr money laundering case accused Ritesh Jain's plea for family holiday abroad

Time of India

time17 hours ago

  • Time of India

Mumbai court nixes Rs 1,478cr money laundering case accused Ritesh Jain's plea for family holiday abroad

Mumbai: Observing that there is possibility of the accused absconding and hampering investigations, a special PMLA court has rejected the plea of businessman Ritesh Jain, an accused in a Rs 1,478-crore money laundering case related to Rajeshwar Exports Pvt Ltd, to travel to the UK and the UAE for a family holiday. While Jain submitted that his family had endured significant mental turmoil due to the cases against him and his companies, and the trip was intended to "weed out negativity and instill enthusiasm and positivity" in their lives following the recent death of his father, the judge noted that there were no urgent and compelling reasons. Jain had sought permission to travel to the UK from July 1-8 and to the UAE from July 8-15 and requested abeyance of any look out circular against him. His lawyers submitted that Jain was innocent and had been falsely implicated. They also submitted that the right to travel abroad is a fundamental right under Article 21 of the Constitution of India. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Opposing the application, Enforcement Directorate (ED) said that Jain, along with others, conspired to entice individuals into opening bank accounts for companies like Macquire Multitrade Pvt Ltd, Kalpana Trading Company, and Unique Trading Company, which were allegedly used for illegal transactions, cheating individuals for personal gain and causing loss to govt. The investigations allegedly revealed that Jain and his associates incorporated "paper companies or entities" such as Unique Trading and Macquire Multitrade, transferring funds from these to Rajeshwar Exports. Outward remittances were made under the guise of importing jewellery and diamonds, purportedly to park tainted funds abroad. ED also informed the court that Jain is an accused in another case related to Auro Gold Jewellery Pvt Ltd and is considered the "kingpin" of a setup designed to park funds outside the country by establishing a web of entities with dummy directors. An LOC was issued against him on Jan 6, 2017, as he is considered a prime conspirator. ED submitted that Jain has repeatedly failed to appear despite multiple summons, evading the process of law. The court noted that while the right to travel abroad is a fundamental right, it is subject to restrictions during ongoing criminal investigations. Considering Jain's "past conduct" and the existing LOC, the court concluded there was a strong possibility of him absconding if permitted to travel abroad, which would hamper the investigation.

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