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RBI net short forward position rises to $200 b
In August, the Reserve Bank's net short forward positions increased significantly to $200 billion. This rise follows a net short position of $136 billion recorded in July. Long dollar positions also saw an addition, indicating ongoing market adjustments. Economists suggest that the RBI is facing challenges in managing these short positions effectively.
Telcos, consumer groups clash over TRAIs 5G slicing, coverage map and service quality rules
Telecom operators and consumer groups differed sharply over TRAIs proposed rules for 5G network slicing, coverage map accuracy and service quality benchmarks. Airtel and Jio opposed the proposed 80% network resource utilisation threshold, while consumer groups backed it. Industry bodies also flagged net neutrality concerns and implementation challenges.
Naveen Jindal weighs bid for EU firm Celsa
Naveen Jindal, chairman of Jindal Steel, is considering a 5-billion bid for European steelmaker Celsa to enhance his operations. The discussions are at a preliminary stage and could attract competition from other bidders. Celsa, headquartered in Barcelona, has a manufacturing capacity of 7.5 million tonnes and is focused on long steel products. The creditors controlling Celsa have invested significantly to stabilize the company's finances after a lengthy restructuring.
HDFC Capital, Shalimar create Rs 750 crore platform for UP real estate
HDFC Capital Advisors has joined forces with Shalimar Corp to establish a significant Rs 750 crore real estate development platform. This collaboration aims to enhance residential and mixed-use projects in prominent Uttar Pradesh cities like Lucknow and Varanasi. The venture envisions a development potential surpassing 5 million sq ft, inclusive of around 3,000 residential units.
As gold hallmarking charges rise, fraudsters get busy too
Gold hallmarking charges have risen significantly, causing concern among industry stakeholders regarding potential fraud. Awareness of the Hallmark Unique Identification number remains low across various cities in India. The All-India Gem and Jewellery Domestic Council has highlighted the challenges jewelers face due to increased costs and processing times. They are advocating for a return to previous hallmarking rates to alleviate financial burdens.
In CAFE 3, auto companies have wider choices and a better view of the road
India's new CAFE 3 emission norms are set to reshape automakers' investment strategies by promoting cleaner technologies alongside electric vehicles. These regulations introduce a credit system for various powertrains, encouraging firms to rethink their portfolios and investments through March 2032. This shift could impact companies heavily invested in battery EVs, offering a broader compliance path for others.
From Jab to Pills: Novo Nordisk, Eli Lilly set to take obesity drug battle to India
Indias obesity drug market is set for a new phase as Novo Nordisks oral Wegovy and Eli Lillys oral GLP-1 orforglipron are expected to launch in the first half of 2027. Industry sources said both have been submitted to Indian regulators, potentially expanding demand beyond injectable treatments.
The Kisan Vikas Patra (KVP) is a 115-month investment scheme designed for Indian citizens aged 10 and over, allowing deposits starting from 1,000. Here's a look at the rules to transfer, pledge or prematurely close your account
NPS Swasthya: 1 lakh to 30 lakh Check health insurance cover, deductibles the scheme likely provides
PFRDA plans to introduce the NPS Swasthya health-focused pension product after successful testing. Here's a look at what we can expect, the deductibles and likely healthcare insurance cover the product may provide
RBIs new bulk FD rules from October 1: What changes for investors? Experts explain
The revised RBI framework is aimed at making bulk-FD pricing more transparent and giving large depositors clearer information about the interest rate applicable to their deposits.
Centre cuts windfall tax on diesel, ATF exports from October 1
The Centre has decreased the windfall tax on diesel exports to 16 per litre and ATF exports to 10.5. This decision, effective from October 1, follows a previous reduction on September 16. The petrol export tax remains unchanged at 0.5 per litre during this period. Export duties are reviewed every fortnight based on international prices of crude oil and petroleum products.
Twenty-five startups from Gurugram-based Masters Union University received soft funding commitments worth Rs 60.5 crore. The startups presented their business ideas to over 65 investors from various venture capital firms. Notable ventures included Sanyark Space, which develops satellite technology and has previously secured $2 million in funding. A significant trend shows more students choosing entrepreneurship instead of traditional job placements.
Air India's incoming CEO Tewolde Gebremariam gets security clearance
Tewolde Gebremariam has received security clearance and will officially take charge of Air India. His appointment follows the announcement made on August 5, replacing Campbell Wilson. During a recent townhall, Gebremariam emphasized the importance of cost discipline in Air India's operations.
Side hustle vs cost-cutting: Should you earn more or curb your expenses? Start by checking
Shah Rukh Khan's mother advised him to earn more rather than limit his expenses. What should you do?
Indias domestic air traffic falls 7.5% in August, worst among major markets
India's domestic air passenger traffic fell by 7.5% in August compared to the previous year. This drop marks the steepest decline among major domestic aviation markets worldwide. Domestic Revenue Passenger Kilometres decreased, while capacity contracted by 1.2%, leading to a reduced load factor. Other countries like China and Brazil experienced traffic growth, contrasting India's performance. IATA's analysis indicates uncertainty in future travel demand due to various economic factors.
HDFC Bank Group General Counsel Sudhir Kumar Jha retires after 22 years
Sudhir Kumar Jha has retired from HDFC Bank effective September 30, 2026, concluding his 22-year tenure. Following his retirement, Jha will no longer hold a senior management position at the bank. HDFC Bank recognized Jha's significant contributions to its legal and compliance framework over the years. Jigar Shah is set to succeed Jha as General Counsel starting October 1, 2026. The transition marks another leadership change within the HDFC Group.
The Delhi HC ruling is relevant to families where parents own a house but allow their children or other relatives to live there. It distinguishes between the right to reside in a family property and a legally established ownership interest.
Jio Financial, Allianz pump Rs 640 crore into general insurance JV via rights issue
Jio Financial Services and Allianz Europe B.V. have each invested Rs 320.05 crore in Jio Allianz General Insurance through a rights issue, collectively infusing Rs 640.1 crore into their 50:50 joint venture. The insurer will use the funds for business operations, while Jio Financials total investment has reached Rs 375 crore.
Govt extends import price curbs on two pharma raw materials
The Directorate General of Foreign Trade has announced an extension of the minimum import price validity period. This extension will apply to two pharmaceutical raw materials, namely ATS-8 and Sulfadiazine API. The minimum import price for ATS-8 will be set at USD 111 per kg in the upcoming months. Sulfadiazine API will have a minimum import price of USD 1,774 per kg during this period.
RBL Bank gets show cause notice with GST demand of over Rs 173 crore
RBL Bank said it received a showcause notice from Maharashtra GST authorities proposing a demand of over Rs 173.08 crore, including interest and penalty, over alleged wrongful input tax credit availment in FY23. The bank said it will respond and expects no material financial impact, citing favourable orders on an identical issue.
IndiGo appoints Gaurav Hazrati as business head BluChip loyalty programme
IndiGo has appointed Gaurav Hazrati as the new head of its loyalty program, BluChip. In this pivotal role, he will aim to enhance growth and develop a robust rewards ecosystem. With over 18 years of expertise in loyalty and financial services, Hazrati previously served as CEO at Tata Payments Limited, bringing invaluable experience from the Tata Group to help IndiGo flourish in the global airline market.
IBAI flags job, growth risks from IRDAIs proposed distribution reforms
The Insurance Brokers Association of India (IBAI) has warned that IRDAIs proposed changes to insurance distribution could shrink distribution, increase job losses and slow insurance growth. IBAI supports measures such as banning compulsory insurance bundling with loans, suitability checks and claw-backs for proven mis-selling.
Vadilal Industries strikes fresh deal with Vadilal Enterprises amid family dispute
Vadilal Industries Ltd has signed a revised supply agreement with Vadilal Enterprises for a 12-month period. This agreement is set to be effective from November 1, 2026, to October 31, 2027. The previous 10-year agreement was due to end on September 30, 2026, and could not be renewed. A family dispute within the promoter Gandhi family has complicated operational issues and leadership restructuring.
Inherited family gold? How to prove ownership and source of jewellery to Income Tax Department
The Kolkata Income Tax Appellate Tribunal ruled in favour of the assessee in a case, underscoring the importance of supporting claims about inherited jewellery with credible and consistent evidence.
Focus on claim ratios, not commissions: Bajaj General CEO on insurance reform
Bajaj General Insurance's MD highlights the need to focus on claim ratios instead of distributor commissions. The insurance regulator recently proposed expense caps for better customer protection. Industry discussions are ongoing to gather insights before formal representations are made. Swiss Re Corporate Solutions will collaborate with Bajaj General to provide tailored insurance solutions for globalizing Indian corporates.
Starting a startup requires careful financial planning. Founders should prioritise family security by creating a safety fund, protecting savings for family goals, and building a startup fund.
The Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY), launched in August 2025, offers employment linked incentives for salaried workers from 1 August 2025 to 31 July 2027, with an allocation of 99,446 crore to boost first-time employment and encourage employers.
What happens to an investors crypto assets after his death?
Cryptocurrency ownership in India allows for estate transmission, but practical hurdles exist for heirs. Valid documentation and planning are crucial for transferring holdings from exchanges or personal wallets.
Personal loan growth rises to 16.9% in August: RBI
Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to 72.9 lakh crore, up from 11.9% a year earlier, RBI data showed.
Bank deposit rates fall as fresh lending rates rise in August
In August, banks lowered the weighted average rate on fresh rupee term deposits to 5.67%. At the same time, the average lending rate on new loans increased to 8.61%. Public sector banks experienced a decrease in deposit rates, while private banks faced a similar trend. Lending rates varied based on loan types, with personal loans seeing a significant increase.
The future of payments will be shaped not just by what technology can do
L&T Extends Hyderabad Metro Stake Sale Deadline to Dec 31
Larsen & Toubro on Wednesday said it has extended the timeline for completing the sale of its stake in L&T Metro Rail (Hyderabad) Ltd to December 31
When both account holder and nominee pass away: An 83-year-old farmers legal victory
The consumer commission determined that the bank demonstrated a clear deficiency in service by failing to process the claim with reasonable speed, transparency, and care
Today, we take a look at the full list of cities the 8th CPC panel is scheduled to visit in October 2026 from Bengaluru in Karnataka and Mumbai in Maharashtra, where the panel is also expected to visit the central railway department.
Planning to start an Airbnb business at home? Answer these 10 questions to find out where you stand
Hosting guests through Airbnb can be profitable, but it comes with significant responsibilities and costs. It's crucial to check housing rules, property agreements, and local regulations.
Planning to invest in equity mutual funds for 3 years? Check these 7 funds with over 40% gains
Market cycles can quickly change the fortunes of sectors and businesses. As earnings, valuations and leadership shift, investors must reassess opportunities and identify the next market winners.
DA news: Is dearness allowance part of your annual CTC? Taxation process, explained
DA-related FAQs for taxpayers from whether the component is credited as part of your salary, if it is subject to tax, or must be reported in your income tax returns filing, and more.
J&K allows one-time NPS to OPS switch for govt employees: Check eligibility, deadline and rules
Jammu and Kashmir government employees meeting specified recruitment conditions can switch from NPS to OPS under a one-time option. Check eligibility, SRO-400 rules, application process and the 28 December 2026 deadline before exercising the pension choice.
Sensex falls 49 points, Nifty ends below 22,650 as market continues to bleed. What lies ahead?
The Indian stock market saw further declines as the Sensex dipped nearly 49 points while the Nifty sank around 96 points by session's end. Rising bond yields spooked investors, dampening market sentiment. Yet, the Nifty Midcap 100 and Smallcap 100 managed to rise by 0.3%, showcasing a surprising resilience in the broader market despite the downturn in leading indices.
Saurabh Mukherjea-led Marcellus Investment Managers gets Sebi nod to launch mutual fund business
Marcellus Investment Managers has officially gained SEBI's green light to launch its mutual fund operations in India. This move opens up opportunities for the company to share its robust investment strategies with a wider market. The fund aspires to direct household savings toward reputable companies known for their governance. Saurabh Mukherjea highlighted the importance of transparency and making investments accessible to all, continuing the firms well-regarded research-driven philosophy.
Haier, Godrej, Blue Star failed to detect fake e-waste recycling claims, India notice shows
Indian tax authorities have identified major appliance companies incorrectly claiming tax credits for non-existent e-waste processing services. The companies relied on documents from a recycler accused of fabrication and lacked verification of actual work done. Haier, Godrej & Boyce, and Blue Star face penalties for these false claims, totaling about $714,000. Investigators have found manipulated photographs used to support compliance with recycling regulations.
The vacation-home dreamand the cost of keeping it alive
A second home can offer family time, rental income and a future retreatbut upkeep, distance, vacancies and changing circumstances can make it far more demanding than expected.
Before chasing new investments, ask yourself these six questions
SIFs, GIFT City investments and other new products can look attractive, but investors should look beyond return expectations and assess risk, portfolio fit, costs, liquidity and taxation first.
Planning to invest in smallcap mutual funds via SIP? Check 3 top performers and 3 laggards
TRUSTMF Small Cap Fund delivered the highest SIP return among smallcap funds over the past two years, followed by Bank of India Small Cap Fund and Union Small Cap Fund. The category average stood at 14.25%, while the benchmark returned 9.78%.
A recent case involving Star Health and Allied Insurance highlights the complexities of health insurance policies with disease-specific sub-limits. After a renewal and an increased sum insured, a claim for cerebrovascular accident treatment faced limitations due to alleged sub-limits. The consumer commission found deficiencies in service, raising important questions about transparency and policy terms in health insurance contracts.
KPI Green Energy to acquire 507.9 MW operational wind assets in Gujarat for Rs 2,410 crore
KPI Green Energy has signed a binding offer to acquire Alfanar Energy Pvt Ltd and Netra Wind Pvt Ltd. The combined assets have an operational capacity of 507.9 MW located in Gujarat's Kutch wind corridor. This acquisition marks KPI Green's first large-scale wind acquisition, set to expand its installed capacity significantly. The deal will close by February 28, 2027, subject to necessary approvals.
Indian Oil Gujarat refinery to start operating at expanded capacity by end of FY27, executive says
Indian Oil's flagship refinery in Gujarat is expected to expand its capacity to 18 million metric tons. This expansion is part of the ongoing Petrochemicals and Lube Integration Project, which integrates refining and petrochemical production. Currently, the refinery sources 30% of its crude from domestic fields and 70% from imports. The operations include diversified sourcing from regions like the Middle East, the US, and Venezuela.
Supreme Court has asked the Department of Empowerment of Persons with Disabilities to participate in framing a policy for railway travel concessions for acid attack survivors who need frequent trips to specialised hospitals. The Centre has agreed in principle to provide the concession and proposed including eligible survivors under the existing patient category. The court will consider the matter further after the draft policy is placed on record.
Can a housing society evict a tenant? Legal expert explains renters' rights and protections
Can a housing society evict a tenant from a rented flat? Know who has the legal right to seek eviction, how the Transfer of Property Act and rent-control laws protect tenants, and what renters should do if a society threatens forced eviction.
MRPL shares tumble 5% after explosion at Mangaluru plant, thick smoke seen from refinery unit
MRPL shares fell over 5% after an explosion was reported at its Mangaluru refinery, with thick smoke seen emerging from the facility. Fire brigades and ambulances rushed to the site, while the cause remained unknown.
SGB premature redemption dates in October 2026: Check tranche-wise dates and request deadlines
Sovereign Gold Bond (SGB): In a recent announcement, the Reserve Bank of India disclosed the premature redemption dates for Sovereign Gold Bonds, spanning from October 2026 to March 2027. Investors should be aware of the allocated timeframes for submitting their redemption applications.
Coverfox founder and MD Sanjib Jha has raised concerns over IRDAIs proposed 2% commission cap on loan-linked insurance, warning it could make servicing rural and underserved borrowers economically unviable.
Bank Strike Withdrawn: What You Need to Know About September 30 Banking Services
Bank strike withdrawn, but September 30 half-year closing impacts remain. Learn how this affects your salary credits, EMI payments, and cheque clearances today. Get tips to avoid delays and manage your finances effectively in 2026.
UPI MDR: What it means for consumers?
India's sunflower oil imports seen up 30% on duty cut, industry official says
Indias sunflower oil imports are expected to jump 30% to 3.5 million tonnes in 2026-27 after the government cut the basic import duty on crude sunflower oil to zero, making it more competitive. The shift could reduce soyoil imports by about 11%, while overall vegetable oil imports are expected to remain broadly steady at 16.5-17 million tonnes.
Managing workplace complexity without giving up enterprise control
As enterprise requirements become more complex, the workplace is moving beyond a real estate transaction. Kunal Mehra, President & Co-CEO, Table Space, discusses why enterprise managed workspace is fundamentally different from coworking, why experience is becoming a strategic differentiator, and how technology and international capability will shape the next generation of workplace platforms.
Crude surged. Why didnt Indias petrol prices?
As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protection came from diversified supplies, a tax cut, losses absorbed by fuel retailers and an ethanol programme built before the crisis.
Blast at MRPL facility in Mangaluru injures one person
A loud explosion-like sound was reported from Mangalore Refinery and Petrochemicals Ltd, which alarmed local residents. They observed dense smoke emerging from the MRPL facility. This incident triggered immediate concern among people in surrounding areas. Further information regarding the circumstances of the explosion is currently awaited by authorities.
Mint Explainer | Five-day banking week: How does India compare with the world?
The IBA has set up a committee to examine the long-pending demand to make Saturdays holidays for bank employees. Heres how Indias current banking week works, what could change and how it compares with other countries.
Shalimar Corp creates Rs 750 crore platform with HDFC Capital
HDFC Capital Advisors Limited has partnered with Shalimar Corp to create a significant investment platform in Uttar Pradesh. This collaboration aims to focus on residential and mixed-use developments across key cities including Lucknow, Varanasi, and Kanpur. The platform is expected to facilitate the construction of about 3,000 homes and over 5 million square feet of development space.
How can you generate regular income from your retirement corpus and make it last?
If your monthly expenses are Rs 1 lakh, you would need a retirement corpus of about Rs 2.16 crore, assuming an annual return of 10%, inflation of 6% and a life expectancy of 90 years.
PGIM India Mutual Fund will reopen subscriptions in its Global Select Real Estate Securities Fund of Fund from October 8, allowing fresh and additional purchases, switch-ins, and existing SIPs. However, fresh SIP/STP registrations and existing STPs remain suspended. The move follows earlier subscription limits and temporary suspensions across PGIM Indias international fund offerings.
L&T arm executes twin contracts to develop Latifa Bint Hamdan Corridor in Dubai
Larsen & Toubro Limited has secured twin contracts from Dubais Roads and Transport Authority for infrastructure development. The first contract involves a new road and associated works, enhancing connectivity in the area. The second contract includes improvements to Al Meydan Street and construction of a cycling track. Both projects are set for completion by the end of 2028 and will improve traffic flow.
Gold rate: On September 30, 2026, gold prices saw another uptick at major Indian jewellers according to updates from IBJA. Meanwhile, other jewellers like Malabar Gold & Diamonds and Kalyan Jewellers set their rates at Rs 13,710 per gram, reflecting ongoing market volatility.
Customers are advised to plan their branch visits accordingly or utilise digital banking services for immediate transactions.
DoorDash to create 3,000 jobs at global tech centre in India
DoorDash will create 3,000 jobs in India over the next two years through a new global technology hub in Hyderabad, its second tech office in the country after Pune. The centre will initially focus on customer support and administrative functions, adding to Hyderabads growing roster of global capability centres.
JSW Cement to merge with listed arm Shiva Cement; board approves 5:41 swap ratio
JSW Cement has decided to merge with its subsidiary Shiva Cement to form a unified cement platform. This merger aims to unlock operational and financial synergies, enhancing backward integration and reducing external procurement. Additionally, it is expected to streamline the corporate structure and improve management efficiency while eliminating inter-company guarantees.
Ernakulam, Kerala: Husband faced challenges and long delay in accessing late wifes savings bank account as nominee died; Consumer commission orders bank to pay Rs 10,000 compensation for delay
New CAFE norms out for passenger vehicles, targets tightened for FY28-FY32
New Corporate Average Fuel Economy (CAFE) norms for passenger vehicles in India will take effect from April 2023. The revised benchmarks indicate a significant improvement in fuel economy by March 2032, with set targets changing annually. Manufacturers now face different targets based on vehicle weight while being encouraged to use innovative technologies. Carbon neutrality considerations for alternative fuels have been included in the norms to reduce lifecycle emissions.
Rent vs buying a house is not just about comparing rent with EMI. Buyers must factor in loan interest, down payment, ownership costs, financial commitments, expected stay and the flexibility that renting offers.
NEET-UG may go online as Centre works on national exam-grade CBT infrastructure
The Ministry of Education is developing a strategy for transitioning NEET-UG to computer-based testing. This includes addressing challenges related to infrastructure and accessibility for candidates nationwide. A high-powered task force is also involved in recommending reforms for India's public examination system. NEET-UG is the largest undergraduate entrance examination with around 25 lakh candidates appearing annually. The recommendations from this task force are expected to influence the future of NEET-UG assessments.
FD interest rate rules change from October 1: What depositors need to know
Apple Pay: How iPhone users can make payments
ALPA India seeks tax relief for pilots in FY28 Budget
ALPA India has called for tax relief measures to address the ongoing attrition of Indian pilots. The organization argues that the current tax policies disproportionately affect pilots compared to those in zero-income-tax countries. Suggested measures include increased exemption caps and specialized deductions for pilots' expenses. The pilots' body emphasizes the urgent need for these changes to maintain India's aviation workforce.
A 37-year-old investor with an annual income of Rs 14 lakh aims to achieve a Rs 10 crore corpus. He currently invests Rs 50,000 monthly through mutual fund SIPs and plans a 10% annual increase. The investor's portfolio comprises several funds, but adjustments are recommended to optimize asset allocation. Financial expert Chirag Muni suggests increasing large-cap exposure and capping fund allocation to enhance diversification.
Festive crash ahead? Nifty bulls stare at 4 bearish signs as October series begins
Nifty enters the October series after a 6.7% fall in the September series, its worst in 25 years. Foreign investors sold Rs 25,662 crore of Indian equities, while bearish futures positions increased. The index is also testing its 200-week moving average, making 22,600 a key technical level for investors.
Sabeer Bhatia backed his proposed inheritance tax, saying it would only hit the top 2-3% of the super-wealthy who control disproportionate assets, leaving 97-98% unaffected.
Tata Trusts, which holds 66 per cent in Tata Sons, outlined a proposal on Monday to merge Tata Electronics Systems Solutions Private Ltd (TESS) and Tata Consulting Engineers (TCE) with Tata Sons
KSB shares rally 7% after securing Rs 118 crore export order for boiler feed pumps
KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.
Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesdays close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.
Mahindra Manulife Mutual Fund debuts in SIF segment with an equity long-short fund
Mahindra Manulife Mutual Fund has launched the MSIF Equity Long-Short Fund under its specialised investment fund platform. The fund, aiming for long-term capital appreciation, will invest in listed equities while employing short positions through derivatives.
8th Pay Commission: Shamli pensioners' 12 demands include coverage for retirees before 1 Jan 2026
8th Pay Commission: Pensioners in Uttar Pradesh have sought inclusion of those who retired before 1 January 2026, along with a pension revision, 18 months of DA/DR arrears, restoration of the old pension system and other benefits.
Brother-in-law caught with Rs 4.34 lakh foreign currency; tax officer sent notice; Brother wins case in ITAT Delhi as sister-in-law said its her cash which she needed for work travel so kept in brothers house for safe keeping.
Astana International Financial Centre explores to partner with India's GIFT City
Astana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnership aims to enhance financial services and investment opportunities between Kazakhstan and India. AIFC has established itself as a leading financial hub in Central Asia since its launch in 2018. Initiatives from AIFC include developments in sustainable finance and digital assets.
Central Railway will impose a 75-day traffic and power block at CSMT from October 1 to December 15 for redevelopment work, affecting platforms 14 and 15. Eight long-distance trains will be short-terminated at Dadar and Thane during the period. The block is part of the Rs 2,450-crore CSMT redevelopment project, whose completion deadline has been extended to October 2028.
NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limit
When it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications is crucial. NRE deposits provide tax-free interest earnings in India, making them advantageous for NRIs. On the other hand, interest from NRO fixed deposits incurs TDS.
Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firm
Power Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal power plant, with the contract spanning five years.
How telecom giants are turning Indias mobile networks into AI distribution channels
Telecom companies like Reliance Jio and Bharti Airtel are integrating AI tools into mobile plans for user accessibility. Users can access advanced digital tools without high subscription costs, increasing the likelihood of long-term customer retention. Specifically, Reliance Jio offers a collaboration with Google while Airtel partners with Adobe for premium services. This innovative approach has led to significant growth in AI tool usage among Indian consumers.
NRI property purchase: 4 TDS and PAN changes buyers must know from October 1
Apple Pay has launched in India with Axis Bank as its first card partner. Eligible Visa and Mastercard credit card users can make contactless payments through iPhone and Apple Watch at participating merchants, apps and websites.
