29 C 
Bank customers are advised to stay informed about upcoming holiday schedules that could impact banking operations. National and religious holidays dictate bank closures, which differ across states.
Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine deduction cannot be denied merely because it was reported under an incorrect schedule in the ITR
Indian manufacturers turn to air freight as West Asia crisis disrupts sea shipments
Indian manufacturers are airlifting components to ensure festive season production continuity. Sea freight delays and congestion are making ocean shipping unreliable for these companies. Air freight costs are significantly higher, but timely supplies are crucial for demand. Companies are absorbing some increased costs to avoid impacting sales recovery. Logistics partners are exploring innovative routes to manage ongoing disruptions.
Indias metal exports ride global electrification wave
India's exports of key metal intermediates are experiencing a significant surge. Aluminium alloy exports climbed twenty-four percent, reaching one point two nine billion dollars. Insulated copper winding wire exports accelerated fifty-eight percent, with the United States as a leading destination. Refined lead exports also rose fifty-six percent, driven by Asian market demand. These gains reflect India's growing integration into global manufacturing supply chains.
Tequila giant Becle makes direct India push, appoints Shweta Jain as MD
Proximo is among the last major global spirits companies to establish a direct India operation. Most of its international rivals are already present in India, which ranks among the largest markets by volume for Diageo and Pernod Ricard, among others.
LIC weighing plans to invest in health insurance, fintech: R Doraiswamy, MD, LIC
LIC said the governments 31,552-crore offer for sale reflects investor confidence and helped achieve 10% public shareholding. The insurer will focus on growth, margins and distribution, while the government must raise public shareholding to 25% by 2032.
Delhi HC stays FSSAI ban on Dabur's '100% purity' claims
While issuing notice to the government and Fssai, Justice Amit Mahajan said Dabur has made out a prima facie case for grant of stay of Monday's ban order, as such sudden restrictions could not have been imposed without issuing a show-cause notice or hearing the company.
High on India growth, Diageo gives region 'Standalone' tag
Diageo is taking a bold step by designating India as a distinct operational region, separating it from the Asia-Pacific hub. This strategic choice is driven by the projected growth in India's spirits market. In tandem, the company is revamping its packaging network for Indian spirits, which is set to yield significant and recurring cost savings.
The sector's rising cash burn, coupled with the relatively limited size of the addressable market, is beginning to concern investors tracking the space. The category is economically viable primarily in urban catchments, where high order density supports efficient fulfilment and worker utilisation. Expanding into lower-density neighbourhoods is significantly more challenging, another industry executive said.
Renewable energy bid discovers record low tariff of 5.25 per unit in SECI tender
A competitive tariff of 5.25 per unit was discovered for round-the-clock renewable energy. This price emerged from a tender by the Solar Energy Corporation of India. The discovered tariff aims to compare with firm power sources like thermal and nuclear. Renewable energy must be supplied reliably on a round-the-clock basis. This development highlights the growing competitiveness of renewable energy sources.
PFRDA approves four new pension funds, increasing total to 14 for NPS subscribers
The Pension Fund Regulatory and Development Authority has approved four new pension funds. This expansion aims to increase non-government NPS subscribers significantly over five years. Digital initiatives are expected to attract millions of new subscribers annually. PFRDA emphasises accessibility and simplified onboarding for broader pension coverage. Conservative schemes have delivered strong annual returns, building on past successes.
AWL Agri business penalised for substandard O=oil
FSSAI has secured an order against AWL Agri Business for substandard fortified sunflower oil. Laboratory tests found the product failed to meet prescribed vitamin fortification standards. A penalty was imposed after tests revealed vitamin levels were below prescribed standards. This rendered the product substandard under the Food Safety and Standards Act. FSSAI did not disclose the specific penalty amount imposed.
NBFC credit surges 14.4% to 59.3 lakh crore in June, retail loans lead growth: RBI data
Non-banking finance company credit grew 14.4 percent year-on-year in June. Retail loans saw the fastest expansion, increasing by 20.3 percent. Housing and vehicle loans, and gold jewellery loans showed robust growth. Credit to industry expanded by 6.7 percent, while services sector credit grew 17.6 percent. Agriculture and allied activities credit increased significantly by 17.9 percent.
IHCL's Ginger targets Rs 3,000 crore enterprise revenue by 2030
Ginger is set to exceed 1,000 crore in enterprise revenue in FY27 from 814 crore the year ago. As of July 31, Ginger had a portfolio of 260 hotels, including 165 operational properties and 95 in the pipeline. Ginger's operational footprint spans more than 110 locations across the country. Enterprise revenue for Ginger stood at 301 crore in the first quarter of FY27.
Oil minister Hardeep Singh Puri dismisses concerns about fuel adulteration
Hardeep Singh Puri addressed the issue of fuel adulteration, asserting that concerns over it are baseless. A nationwide investigation uncovered only four instances at various petrol stations. He emphasized that oil marketing firms implement strict testing protocols. Analysis results indicate that chloride levels remain safe and do not support allegations of excessive chloride presence.
Britannia sees demand rise, but sugar and palm oil costs bite
Britannia Industries said consumer demand strengthened in the June quarter, helping revenue rise 9.5% and profit nearly 14% year-on-year. However, rising sugar, palm oil and fuel costs are pressuring margins, prompting the company to consider further pricing measures.
Handloom's Fashion Reset: Next fillip for Indias handmade textiles must come from the young
Younger Indians are showing renewed interest in handloom textiles and their heritage. Social media and indie labels are making handloom fabrics fashionable and sustainable. Designers are creatively reinterpreting traditional handloom patterns for modern clothing. This shift brings new understanding and respect for weavers' skills and livelihoods. The future of Indian handloom will be shaped by this younger generation's engagement.
CBIC directs CGST zones to track illegal mining, curb tax evasion
Central tax authorities are taking proactive measures by partnering with state mining departments to address the issue of illegal mineral extraction and transportation. This collaboration will involve setting up a comprehensive information-sharing system across all CGST areas. This directive is a result of a CAG report identifying critical gaps in intelligence sharing, with the goal of significantly reducing tax evasion in the mining sector.
Can a 15,000 monthly SIP build a 5 crore corpus in 30 years? Heres the maths
Investing 15,000 every month for 30 years, assuming an average annual return of 12%, can potentially build a corpus of around 5.29 crore.
PhonePe launches fixed deposit (FD) distribution allowing customers to compare and book high-yield fixed deposits with partner banks and NBFCs online. Here's a stepwise guide on how to book deposits using the app
Would your family know where your money is? Why every investor needs a financial inventory
A Will and nominees alone may not be enough to help your family access your assets. Estate planning experts explain why every investor should maintain a financial inventory, what it should include, and how it can save loved ones time, confusion and legal hassles.
Indian Railways has implemented strict measures to address violations related to food quality and hygiene. The initiative includes imposing fines amounting to Rs 5.13 crore and the termination of contracts. By conducting regular inspections and surprise checks, they aim to enhance food safety compliance. The introduction of modern base kitchens, along with the installation of CCTV cameras, is intended for vigilant monitoring.
Emergency fund: Today, we explain the 3-6-9 rule that salaried individuals and even those without stable income can use to build their savings for a rainy day or to safeguard against extenuating circumstances.
Raymond Realty Q1 net profit falls 19 pc to Rs 13.43 cr on higher expenses
Raymond Realty experienced a 19% drop in profit for the quarter that ended in June, primarily due to increased operational costs that affected net earnings. Despite this, the total income rose to Rs 535.71 crore year-on-year. Moreover, the company reported impressive sales bookings of Rs 700 crore in the first quarter of FY27, representing a substantial increase from Rs 306 crore during the same period last year.
Pension funds collect and invest money contributed by employees and employers to build a large financial pool with an endeavour to pay regular income streams to workers after they retire.
Oil companies reject E20 fuel contamination claims, say nationwide tests found no quality issues
State-run oil companies have dismissed concerns regarding E20 petrol quality. Extensive nationwide testing found no evidence of excessive moisture or chloride contamination. Fuel quality consistently remained within prescribed standards across the entire supply chain. Isolated instances of elevated chloride levels were immediately addressed and rectified. Consumers can confidently use E20 petrol, which meets all quality specifications.
RBI proposes leverage ratio buffer for G-SIB branches
The Reserve Bank of India has proposed new leverage ratio requirements for banks. Globally systemic important banks will face a minimum 3.5% ratio plus a buffer. Domestic systemically important banks will continue with their 4% ratio mandate. Other commercial banks will maintain the existing 3.5% leverage ratio. These proposals align with the Basel Committee on Banking Supervision's framework.
Merchant discount rate on UPI transactions: What is MDR, will customers have to pay, who bears operating costs, who invests in infrastructure, why are discussions happening now? Check top FAQs answered
BLS International reports revenues of Rs 891 cr for Q1FY27, PAT at Rs 202 cr
BLS International reported a 25% year-on-year rise in Q1 revenue to Rs 891 crore, while net profit increased 11.4% to Rs 202 crore. EBITDA grew 23.6% to Rs 252 crore. Visa and consular services revenue rose 21.6%, while digital services recorded 32.2% growth. The company processed 11.3 lakh visa applications during the quarter, with net revenue per application increasing 11.2% to Rs 3,521.
Loans against FCNR B deposits exempt from priority sector
The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and NRE term deposits. This strategic shift ensures these loans will not factor into the mandatory priority sector lending requirements. Such measures have notably enhanced foreign exchange inflows. Additionally, there is a special facility available for banks to swap these deposits with the RBI.
Tata Play brings back 'Life Jingalala' in folk-inspired campaign marking 20 years
Conceptualised by Ogilvy and crafted by music duo Maati Baani, the campaign brings together folk musicians and regional artists to reinterpret the brand's signature line, Isko laga dala toh life jingalala, in Tamil, Telugu, Kannada, Bangla, Awadhi and Gujarati.
SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs
State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to fifteen percent. SBI is deploying Responsible AI Policy to enhance cybersecurity and operational efficiency.
IBAI President Narendra Bharindwal described the insurance regulator's initiatives as a major milestone in enhancing accountability and protecting policyholders' interests.
West Bengal plans Kolkata ring road, EM Bypass-New Town flyover to ease congestion
The West Bengal government plans a ring road and a new flyover for Kolkata. These infrastructure projects aim to ease traffic congestion and boost business growth. The state is also upgrading urban services like drainage and water supply systems. Renewable energy use will expand significantly by 2030. New mortuary facilities and electric crematoria will be established across districts.
Muthoot Microfin awaits RBI response before raising ECB
The Kochi-based microfinance company received sanction letters from overseas investors in January and it has time till September to draw down the funds.
Exciting new tablets are landing on Flipkart this Independence Day
Flipkart's much-anticipated Freedom Sale kicks off on August 7th, showcasing an exciting lineup of four new tablets. Among these, the Asus Pad stands out with its vibrant OLED display, enhancing your viewing pleasure. The HP OmniPad 12 offers versatility, easily shifting between tablet and desktop functions. Huawei returns with a duo of tablets designed to meet varying consumer preferences and budgets.
EPFO: UAN activation process moved to Umang app, here's how Stepwise guide and top FAQs answered
UAN activation through the EPFO portal has been deactivated and shifted to the Umang mobile app. Here's how employees provident fund subscribers can complete the process. We also answer some key FAQs
No offers received for Vijayawada Railway Station redevelopment under PPP model: Ashwini Vaishnaw
The initial bid for Vijayawada Railway Station's redevelopment received no response. Railway Minister Ashwini Vaishnaw informed the Rajya Sabha about this development. Fifteen stations are identified for development under the Public-Private Partnership model. The proposal for Vijayawada Station's redevelopment has received approval from PPPAC. Remaining stations are currently in master planning and financial modelling stages.
Air India Phuket-Delhi flight hits turbulence, passengers injured; flyer complains to DGCA
A passenger filed a complaint with the DGCA after turbulence injured family members. The Air India flight from Phuket to Delhi experienced a sudden drop. Two elderly relatives sustained injuries, including a rib and suspected spinal issue. The passenger questioned the decision to continue the flight to Delhi.
8th pay commission update: The 8th Pay Commission is actively engaging with various stakeholders to gather insights on salary and pension adjustments. Employees are hopeful for a timely report that could significantly alter their compensation. Projections suggest that gross pay increases may vary from 31% to 68%, relying on different fitment factors, particularly for employees at Levels 7 and 8. Multiple employee organizations have presented their fitment factor recommendations to the commission.
India seeks to boost domestic green ammonia supplies to fertiliser sector
India's Solar Energy Corporation (SECI) is on a mission to boost the production of green ammonia, targeting a significant reduction in the country's dependence on imported fertilizers. The corporation is set to issue tenders for an impressive additional one million metric tons each year, aligning with India's comprehensive green hydrogen ambitions. Furthermore, SECI is also gearing up to invite tenders for green methanol to promote domestic usages.
India has built energy resilience to withstand external shocks, says Puri
India has enhanced its energy security by diversifying crude oil supplies. Strategic infrastructure expansion and domestic exploration investments are key initiatives. The nation is better prepared for geopolitical disruptions than ever before. New schemes aim to accelerate deepwater oil and gas exploration efforts. India's growing energy demand will significantly drive global oil consumption.
Delhi Metro security checks will intensify from August 9 to August 16. This enhanced security is being implemented ahead of Independence Day celebrations. Passengers should expect longer queues and plan their journeys accordingly. The Central Industrial Security Force will conduct the additional screening procedures. Commuters are requested to cooperate with security personnel during this period.
Reliance Industries books supertanker at record $23-25 million freight to lift Iraqi crude
Reliance Industries paid a record sum to charter a supertanker for Iraqi crude oil. This reflects a limited vessel pool and soaring voyage costs in the Gulf. Shipping traffic through the Strait of Hormuz remains below average levels. Iraq offers steep discounts on its crude to attract buyers. Several refiners seek vessels despite increased navigation risks.
Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual fund assets, SIP contributions and investor participation expanded strongly, reflecting sustained retail interest and industry growth.
Sensex, Nifty, Share Prices Highlights: Indian equities snapped a two-day winning streak on Friday as heavy selling in banking and financial stocks, elevated crude oil prices and lingering geopolitical uncertainties outweighed positive corporate earnings, pushing benchmark indices lower despite gains in select technology and automobile shares.
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?
Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing holders may maintain their investments. The bonds offer an attractive interest rate of 8.05%, bolstered by government guarantees.
SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance
State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is not currently a concern due to El Nino conditions.
Centum Electronics to invest Rs 500 crore in Karnataka: MB Patil
Centum Electronics will invest five hundred crore rupees in Karnataka. A new aerospace and defence electronics manufacturing facility will be built. Construction begins in September and will create fifteen hundred jobs. This facility will produce high-end radar and electronic warfare technologies. Karnataka is intensifying efforts to attract new manufacturing investments.
Hindalco rides aluminium supply shock, US unit Novelis' rebound in first quarter
Hindalco Industries sees strong performance from rising aluminium prices and Novelis' recovery. Global aluminium prices increased significantly due to supply shocks and a widening deficit. Novelis, its US subsidiary, improved operations after restarting its Oswego hot mill. The company achieved substantial cost savings and targets further operational improvements. Hindalco's India aluminium business also benefited from higher realisations during the quarter.
Akasa Air CEO Vinay Dube supports airport operators owning airlines, which IndiGo opposes. The airline is seeking significant funding amid rising operating costs. Akasa reported a substantial financial loss for the fiscal year 2025. The company plans fleet expansion with many aircraft on order. Akasa continues to grow its operations and employee base.
FSSAI directs PIE FOODS to immediately stop selling two products
India's food regulator FSSAI has ordered Pie Foods to halt sales of two sweetener products. The prohibition stems from violations of labelling and advertising regulations. FSSAI found issues with relabelling endorsements and e-commerce website operations. Mandatory declarations were missing from product labels and website claims were made.
NRIs engaging in property transactions in their home country should be aware of compliance issues like TDS, repatriation limits, and FEMA regulations. Informed decisions are crucial to avoid financial pitfalls, penalties and complexities in capital gains tax calculations.
Akasa Air to hire 500 pilots, add 12 planes per year over 3 years
Akasa Air will hire over 500 pilots in the next three years. The airline plans to induct more than a dozen planes annually. International routes will increase to about forty percent of capacity. This strategy aims to improve revenue per available seat kilometre. Larger aircraft will also help reduce unit costs through economies of scale.
EV retail sales break record at 3,27,901 units in July: FADA
India's electric vehicle retail sales hit a record 3,27,901 units in July. This represents a significant 66 percent year-over-year growth for the sector. The two-wheeler segment led this surge with 2,04,362 units sold. Electric passenger and three-wheeler sales also saw substantial increases. Overall, electric vehicles now constitute nearly one in eight vehicles retailed.
NPS for NRIs: Eligibility, tax savings, account rules and withdrawal benefits explained
NPS for NRIs: Understand eligibility, tax benefits, Tier-I account rules, contributions and withdrawal guidelines. This guide explains how NRIs and OCIs can use Indias National Pension System for retirement planning while considering cross-border tax implications.
Multi-asset funds vs largecaps: Why has the diversified strategy delivered better returns in 1 year?
Multi-asset funds are gaining popularity by diversifying across equity, debt, precious metals and other assets. Strong gold and silver gains boosted one-year returns, while active allocation and tax treatment vary by equity exposure.
Reach of handloom products in global mkts can be expanded through e-comm platforms: President
President Droupadi Murmu emphasized e-commerce platforms for expanding India's handloom product global reach. She noted the sector provides significant employment, engaging about thirty-five lakh people. Over twenty-five lakh women are actively involved in this important handloom industry. The President expressed confidence in the sector's role in inclusive national development. Prestigious Sant Kabir and National Handloom Awards were also presented at the event.
Homebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protest cost them the delaycompensation. Know why homebuyers lost this case.
Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.
FSSAI won't ease 'energy drink' label deadline for PepsiCo, Red Bull, Monster & others
India's food regulator will not extend the ninety-day deadline for energy drink labeling changes. Global beverage companies sought a one-year extension to comply with new regulations. Many Indian states have indicated existing stocks can be sold within sixty to ninety days. Companies are also concerned about state governments seizing energy drink products. This decision is set to significantly disrupt the beverage industry in India.
The Delhi High Court quashed criminal complaints related to the Maggi Noodles controversy. This decision followed subsequent judicial developments and fresh testing of the product. The court found continuing prosecutions would abuse legal processes. Earlier reports formed the basis of these complaints against the company. New scientific findings significantly weakened the prosecution's original case.
FD and KVP tax rules explained: TDS, taxable interest and key differences
Interest earned on fixed deposits (FDs) and Kisan Vikas Patra (KVP) remains taxable under the Income Tax Act, 2025. Understand FD TDS rules, KVP tax treatment, and how investors can report interest income correctly while filing income tax returns.
There is no easy or one word answer to this question. The expenses anywhere would depend majorly on the city an individual is living in and their lifestyle. At the same time, it is equally important to factor in the average salaries that people receive. We have done an analysis of the same. Read on to know.
NPS subscribers now have more time to secure the same days NAV here's what the change means for you
The PFRDA has extended the cut-off time for same-day NPS contributions by 2.5 hours. This change allows later contributions to secure the same day's NAV. Here's who benefits from it.
Relief for Dabur as Delhi HC stays FSSAI order banning product sale over 100% claims
The Delhi High Court has halted an FSSAI order that banned Dabur India's product sales. This order targeted claims like '100% Pure' and '100% Natural' on various food items. Dabur challenged the regulator's action, citing a lack of prior notice and hearing opportunity. The company argued the FSSAI order was unreasoned and lacked legal basis.
RBI's draft curbs on revolving credit may impact NBFC flexi loans: Morgan Stanley
The Reserve Bank of India's (RBI) draft directions proposing restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) could affect flexi and overdraft loan products across corporate, MSME and unsecured personal loan segments, according to a Morgan Stanley report.
Will Paytm & GPay start charging you? Govt's UPI move explained
L&T bags major offshore orders worth Rs 5,000-10,000 crore from ONGC for pipeline replacement
Larsen & Toubro has secured significant offshore orders from ONGC. These orders are valued between five thousand and ten thousand crore rupees. The projects involve pipeline replacement and well head platforms off India's west coast. L&T Energy Hydrocarbon Offshore will execute these critical engineering projects. This reaffirms L&T's role in developing India's energy infrastructure.
RBI changes loan recovery rules: No harassment, recorded calls, strict recovery agent code & more
The Reserve Bank of India has announced new guidelines for loan recovery starting in January 2027. These regulations require that banks properly train recovery agents while ensuring they adhere to professional standards during the process. Borrowers will receive notifications regarding the recovery agents assigned to them, and all communications will need to be recorded.
Executing Rs 54,000 cr works with Rs 71,000 cr projects in pipeline: South Coast Railway
The South Coast Railway Zone is rapidly establishing itself as a leader in India's railway network. With over fifty-four thousand crore rupees dedicated to major projects, and an impressive pipeline worth nearly seventy-one thousand crore rupees, the zone is making significant strides. Recent commissioning of vital infrastructure and safety upgrades has led to notable enhancements in passenger services and overall amenities.
India to launch PLI scheme for polysilicon manufacturing to cut import dependence on China
India plans a new incentive scheme for domestic polysilicon production. This move aims to reduce reliance on imported solar materials. The government seeks to build an integrated solar manufacturing ecosystem. India targets 500 gigawatts of non-fossil fuel power by 2030. This initiative will boost clean energy ambitions and industrial competitiveness.
IRCTC offers meticulously crafted tour packages to Japan specifically designed for Indian travelers. The all-inclusive packages encompass flights, accommodations, meals, and guided tours. Notable upcoming tours feature an extensive 8-night itinerary departing from Delhi and a 9-night adventure starting from Ahmedabad, highlighting iconic locations such as Tokyo, Kyoto, and Mount Fuji. Prices for these extraordinary Japan experiences begin at approximately Rs 3.45 lakh per person.
FSSAI penalises AWL Agri Business for substandard fortified Fortune sunflower oil sold in Goa
India's food regulator FSSAI has penalized AWL Agri Business Ltd for selling substandard oil. A sample of Fortune Fryola refined sunflower oil failed lab tests for Vitamin D. The company's appeal confirmed significantly lower Vitamin D levels than prescribed. FSSAI imposed a penalty on AWL Agri Business Ltd for these violations. This action follows recent crackdowns on food business operators by the regulator.
SC refuses to stay Bombay HC order quashing Rs 3,300 crore one-time spectrum charge on telcos
The Supreme Court declined to halt a Bombay High Court ruling on spectrum charges. This decision impacts Bharti Airtel and Vodafone Idea regarding past spectrum usage. The High Court had previously quashed the government's 3,300 crore demand. This levy was for spectrum held beyond 6.2 MHz between 2008 and 2012. The Centre has now appealed this judgment to the Supreme Court.
Xiaomi India launches Mijia sub-brand, plans big push into home appliances
Xiaomi India is launching its Mijia sub-brand for home and lifestyle products. This move aims to diversify the company's offerings beyond declining smartphone shipments. The company plans to enter the large home appliances segment with local manufacturing partners. Mijia will join Xiaomi, Redmi, and Poco in the brand portfolio.
GIFT City for NRIs: How to invest in India in dollars without rupee conversion
The Supreme Court has extended mandatory third-party motor insurance for new vehicles: four years for cars and six years for two-wheelers. Here's the difference between third-party and comprehensive motor cover and whether you can upgrade.
Resident ordered by housing society to evict on grounds of maintenance default, creation of nuisance and using open space as his garden; Maharashtra Co-Op Appellate court cancels eviction and rules resident cannot be evicted by housing society for this reason. Know more.
Jefferies' Chris Wood sells HDFC Bank, PB Fintech shares to buy 2 new stocks
Jefferies' Christopher Wood is reshuffling his India long-only model portfolio, dropping HDFC Bank and PB Fintech's PolicyBazaar in favor of Multi Commodity Exchange of India (MCX) and eyewear retailer Lenskart Solutions. The move, detailed in his GREED & fear report, signals a shift toward exchange infrastructure and consumer retail plays.
8th Pay Commission: Key Delhi meetings to start today; 5 updates for central government employees
The 8th Pay Commission will hold crucial stakeholder meetings in Delhi to discuss pay revision, pensions, allowances and employee welfare. Here are the latest official updates, upcoming consultation schedules and what central government employees and pensioners can expect before the final report.
2026 Independence Day: India's pharmaceutical industry marks a historic milestone with a new drug approval. This achievement reflects decades of growth from importing medicines to global leadership. The nation now supplies a significant portion of the world's generic medicines and vaccines. The Covid-19 pandemic further showcased the industry's manufacturing capabilities globally. Government initiatives now aim to foster innovation and high-value biopharmaceutical production.
GOld rate today: Gold prices saw a slight decrease today, August 7, 2026. Leading jewellery brands like Tanishq and Malabar Gold & Diamonds adjusted their rates. Tanishq maintained its 22-karat gold price while others saw a small reduction. IBJA indicative rates for August 6, 2026, show higher prices for various gold purities. Silver prices also remained steady as per the latest updates.
Maharashtra govt orders strict action against builders over MHADA homes
Maharashtra government directs stringent legal action against developers for delayed MHADA home transfers. Stricter measures, including jail time, will ensure greater compliance and faster home allotments. Advisory committees will strengthen citizen engagement and resolve local housing issues effectively. MHADA aims to construct over 7.5 lakh homes in the Mumbai Metropolitan Region. Future lotteries and redevelopment projects promise more affordable housing options for citizens.
Best small cap mutual funds to invest in August 2026
According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks.
Sensex down nearly 8% in 2026. Best time to top up your mutual fund SIPs?
The BSE Sensex has declined nearly eight percent, prompting investors to consider increasing mutual fund SIP contributions. Market experts suggest this correction is normal and investors should continue SIPs without interruption. Lower markets allow for the accumulation of more units over the long term. Investors should review their portfolios and rebalance asset allocation if needed. Monitoring crude oil prices and global policies will guide future market direction.
Gold and silver prices today, 7 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Chennai Real Estate 2026: 8 localities to buy a home for living, rental income or future growth
Same salary, different story: Why your colleague got a bigger loan than you
Taxpayers can pay income taxes online using credit cards through the e-filing portal. While convenient, they should be aware of potential convenience fees and interest charges if debts aren't cleared on time. Details here.
