30 C 
Wrong ITR form costs trader 26.69 lakh in tax demandITAT gives major relief
The ITAT holds that selecting the incorrect ITR form does not justify taxing the same business income twice
Investors often choose mutual funds or asset classes based on recent returns, but the process should start with the financial goal. Defining the target, timeline, and required amount can help investors choose an appropriate asset allocation and investment products.
Pension Fund Regulatory and Development Authority Chairman S Ramann said the new pension product is expected to release final guidelines soon, with formal launch likely in 30 days. Here's all we know
Chasing an impressive lifestyle can trap individuals in a cycle of debt and expectations. Spending to impress others undermines future savings and creates emotional burdens.
Freight loading last month grew by 5.4 per cent over Aug 2025: Railways
Indian Railways saw freight loading increase by 5.4 percent in August 2026. Key sectors like coal and iron ore contributed to this substantial freight movement. Passenger traffic also rose, carrying 67.27 crore passengers during the same month. Suburban passenger numbers experienced a strong 9.02 percent growth. Additionally, fourteen Amrit Bharat services were regularized, expanding connectivity.
EPFO: What is Form 10C? Documents required for pension benefit claim, explained
Employees Provident Fund: The EPFO provides pension benefits for subscribers with over 10 years of service. Today we explain the use of Form 10C to initiate claims online, withdraw your pension or obtain a scheme certificate.
5 lakh health claim rejected over waiting period: Why Mumbai consumer forum backed policyholder
Mumbai consumer forum passed the order in a case involving a 5 lakh health insurance claim for pancreatitis. The commission directed Max Bupa Health Insurance to pay the policyholder's claim after the insurer rejected it by citing a 24-month specific waiting period applicable to pancreatitis
Morgan Housel's The Psychology of Money emphasises the role of behaviour in financial decisions. It also highlights that intelligence alone doesn't ensure financial success.
Indian equities could see a re-rating in H2 FY27 as earnings growth improves and domestic institutional support remains strong. But elevated valuations in parts of the market may require investors to reassess portfolio positioning as the next phase unfolds.
Assam, Arunachal Pradesh, Bihar, Tamil Nadu, Sikkim, West Bengal and more Check full list of states that have announced DA hikes so far, besides payment of DA arrears for employees and pensioners.
Income up to 12.75 lakh? Know whether you pay zero tax on capital gains too under the new tax regime
In the new tax regime, individuals earning up to 12 lakh can enjoy zero income tax, but can capital gains from equity investments also enjoy this benefit? Here's all you need to know.
8th Pay Commission: Pensioner groups demanded pension revisions from the 8th CPC. Today we explain the proposal for progressive age-based enhancement up to 100% of last drawn pay and how this could be implemented.
Tatkal NPS is now available on the BHIM Payments App, offering eligible bank customers a digital route to open an NPS account. The new facility aims to simplify onboarding, KYC, and contributions through a faster process. Here's what users need to know about the new facility.
Indian Railways expanded connectivity and services significantly in August 2026. Fourteen Amrit Bharat services were regularized, and five new Gati Shakti Cargo Terminals were commissioned. Freight loading grew by 5.4 percent, with key commodities showing healthy increases. Passenger traffic also rose, especially in suburban services during the festival season. This expansion strengthens the railway network as a driver of economic activity and connectivity.
Karnataka has withheld pensions for 23 lakh beneficiaries as a verification exercise revealed ineligible recipients, including taxpayers and those not meeting age criteria. Details here.
India gets 6.94 lakh tonnes of steel quota annually for exports under India-EU free trade pact
India will receive substantial tariff-rate quotas for steel exports to the European Union. These quotas total 1.64 million tonnes annually, with a portion under a free trade agreement. The European Union's new regulation aims to protect its domestic steel industry from overcapacity. India's exports outside these quotas will face applicable base-rate duties. The agreement includes provisions for periodic reviews of these allocated quotas.
SIP investments require careful planning. Investors often make mistakes by chasing past returns or halting contributions during market dips, which undermines benefits like rupee-cost averaging. Here are the mistakes you need to avoid.
Jio Credit could grow its loan book fivefold to around 1.5 lakh crore after Bank of America infuses 18,268 crore for a near-50% stake. The capital is expected by December, after which the lender plans to reassess its products and strategy to accelerate growth.
NHC Foods plans to set up a manufacturing unit in Liberia
NHC Foods is establishing a new production facility in Liberia, West Africa. This facility will manufacture and process fruit juices and allied food and beverage products. The company has entered into a binding Heads of Terms agreement for the proposed sub-lease. This strategic move aims to bring processing closer to the end consumer.
Air India flight from Bhopal to Delhi diverted to Jaipur due to technical issue
Air India flight AI1886, operating from Bhopal to Delhi on Sunday (September 13), was diverted to Jaipur due to a technical issue, the airline said. The aircraft landed safely in Jaipur and is undergoing necessary...
Ayurveda eyes global growth as research, innovation reshape traditional system
Ayurveda is gaining global relevance through research and innovation. Growing interest in holistic healthcare creates new international opportunities for this system. India's Ayush market has seen significant economic growth in recent years. The government promotes Ayush-based medical travel and introduced a dedicated visa. Ayurveda's future international success depends on evidence and standardized practices.
Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
Five passive index funds from Invesco India, Tata, Kotak and HDFC Mutual Fund will open for subscription this week. The NFOs span chemicals, defence, short-term debt, capital markets and commercial real estate, with minimum investments ranging from Rs 100 to Rs 5,000.
Indian Railways is set to enhance monitoring by installing AI-enabled CCTV cameras in pantry cars and base kitchens across the East Central Railway (ECR) zone. The initiative aims to strengthen oversight of food quality and hygiene, with continuous surveillance of catering operations. Passengers will continue to be able to register complaints through the Rail Madad platform. The move comes ahead of the festive season, when passenger demand is expected to rise.
Loan interest rates, EMIs to rise? Two back-to-back 25 bps repo rate hike from RBI soon?
The RBI is expected to hike the benchmark interest rate by 25 basis points in October and December due to rising crude prices and inflationary pressures. Changes in the repo rate will affect borrowers and depositors. Here's how.
Jindal Steel builds worlds longest steel slag road, enters Guinness World Records
Jindal Steel achieved a Guinness World Records title for constructing the world's longest road. This 1.85-km four-lane road was built exclusively with processed steel slag aggregates. Around two lakh tonnes of steel slag replaced natural aggregates, reducing quarrying dependence. Scientifically processed steel slag offers cost-effectiveness and durability compared to traditional road materials. India's steel ministry promotes this technology for large-scale industrial by-product utilization.
7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute
A consumer commission ordered an insurer to pay over eight crore rupees to Victorinox India. The company's fire insurance claim was unfairly repudiated by the insurance firm. This rejection occurred solely on technical grounds, which the commission deemed unsustainable. The commission found the insurer engaged in unfair trade practices and service deficiency. Victorinox India will receive the claim amount with interest and compensation.
Indian Bank to enter life insurance business, soon to seek board nod
Indian Bank plans to enter life insurance and asset management sectors soon. The bank is seeking board approval for these proposed new ventures. Identifying a strong partner is crucial for accelerating wealth creation efforts. Indian Bank also aims to open a representative office in Dubai. This move will leverage business opportunities from the large Indian diaspora.
The Delhi High Court will soon decide on its jurisdiction to hear a plea. This plea challenges show-cause notices issued to Vimal Elaichi brand ambassadors. The Maharashtra FDA issued these notices for alleged product misrepresentation in advertisements. The court reserved its order on the territorial jurisdiction issue. The final decision is expected on September 14.
IIT Madras researchers develop morphing skin to prevent aircraft stalls
IIT Madras researchers developed a novel morphing skin inspired by bird flight. This adaptive external skin dynamically reshapes in real time to prevent airflow separation. The innovation enhances lift while reducing drag, improving aircraft safety and fuel efficiency. This technology could enable safer take-offs and landings on busy runways. The research is ready for implementation in real aircraft flight conditions.
PwC India, US to create 40,000-strong consulting JV: India to get operating control
PwC India and PwC US plan to create a 40,000-employee consulting joint venture that would be worth about $2 billion at launch. PwC India will control operations despite holding 49.9%, bringing its consulting business together with PwC USs India-based acceleration centres to target global, domestic and GCC clients.
A Mumbai resident's claim for 6.42 lakh in business travel expenses was rejected by the tax department due to payments made with his wife's credit card. Here's what happened next.
'Mirzapur: The Movie' earns Rs 200 crore at box office
Mirzapur: The Movie has achieved over Rs 200 crore at the domestic box office. This film marks the first big-screen venture for the popular Mirzapur streaming series. It brings back the lawless world of Mirzapur with ongoing power struggles and rivalries. Several original cast members reprise their roles in this new cinematic chapter. The movie is presented by Amazon MGM Studios and Excel Entertainment.
Dish TV hopes for a turnaround aided by smart TV VZY, e-Com solutions and content hub
Dish TV is launching new initiatives like VZY smart TV and ShopZop e-commerce to address subscription losses. The company's Watcho content platform shows early signs of traction and growth. Dish TV aims to recover and grow by integrating DTH and OTT services. This repositioning is a response to declining pay-DTH subscribers and rising OTT platforms. The company seeks to lead the industry's shift from set-top boxes to smart screens.
SIF AUM tops Rs 31,000 crore in August; hybrid long-short funds account for 69% of inflows
SIFs attracted Rs 7,699 crore in August, up from Rs 4,922 crore in July, taking cumulative inflows since October 2024 to Rs 30,028 crore. Hybrid long-short funds dominated the category, accounting for 69% of total flows.
Manipal Hospitals scouts for acquisitions in Andhra, Keralam, Delhi-NCR; bets on AI-led healthcare
Manipal Health Enterprises plans significant expansion across several Indian states. The company is adopting a digital-physical healthcare model driven by Artificial Intelligence. Strategic acquisitions and a new greenfield project in Mumbai are underway. Investments focus on AI-enabled nursing and patient monitoring systems. The healthcare major aims to add over 2,400 beds by the year 2030.
Karnataka seeks bigger ExxonMobil footprint in Bengaluru, eyes skilling and startup tie-ups
Karnataka's Home Minister met with ExxonMobil to discuss expanding their Bengaluru operations. Discussions focused on skilling, startup support, and joint innovation initiatives. The state recently approved significant investment projects creating many new jobs. These projects include aerospace, electronics, and IT space development. Toyota Kirloskar Motor will also establish a business intelligence hub.
Haryana govt approves Hisar, Kurukshetra, Narnaul, Jind and Sohna-Palwal bypass projects
Haryana's Chief Minister approved new ring roads and bypasses for major cities. These projects aim to significantly ease traffic congestion and improve connectivity. An investment of approximately Rs. 9,700 crore will fund these crucial infrastructure developments. Several bypass projects at Hisar, Kurukshetra, and other towns are moving forward. This initiative will enhance travel efficiency across the state.
IPO vs NFO explained: What investors should know before making an investment
Mutual fund NFOs may appear attractive at launch, but investors should look beyond aggressive marketing and the Rs 10 offer price. Consider an NFO only if it fills a portfolio gap, after assessing the AMC, fund manager, strategy and comparable existing schemes.
India can produce sixty-two million metric tonnes of compressed biogas annually. Animal waste alone offers substantial potential for biogas generation. Agricultural residues and municipal solid waste also contribute significantly to this potential. Biogas production addresses environmental concerns like stubble burning and waste management. This domestic production can also reduce dependence on imported gas.
Will your minor child's income be clubbed with yours while filing ITR? Know when and how it is taxed
Minors can earn income independently through various means without it being taxed under their parents' income. Here's when and how their income is taxed in different scenarios.
Banks will remain closed on four days between September 14 and 20, 2026, although the closures vary by location. Here is the RBI holiday calendar-based list for customers planning branch visits this week.
Poetry finds a new stage on social media as reels bring verse to a wider audience
Poetry now travels beyond books, reaching audiences through social media platforms. Younger generations discover poetry through short-form video content and online communities. Poets adapt their craft for digital platforms, balancing art and content creation. This shift increases poetry's visibility and accessibility for a wider audience. Social media fosters a sense of belonging and cultural curiosity around poetry.
Hybrid home loans offer rate certainty, but read the fine print
With the repo rate at 5.25%, hybrid home loans offer borrowers a way to lock in EMI certainty, but the premium can make floating rates the better bet.
Indian investors are overpaying for foreign ETFs. Beware the risks.u
Foreign investment limits and a new Sebi price-band rule have sent international ETF market prices soaring above their intrinsic NAVs, leaving buyers exposed if artificial premiums collapse.
Woman Unknown wins Venices Golden Lion as Mathilde Arcel takes best actress
Danish film 'Woman Unknown' secured the Golden Lion at Venice. Mathilde Arcel also won best actress for her role in the drama. John Malkovich received the best actor award for his CIA agent portrayal. A documentary on Gaza's civilian deaths also garnered significant attention. The festival highlighted global politics and social issues this year.
Nagaland govt examining delays in pension, other retirement benefits Here's what could change
The Nagaland government has formed a committee to address pension delays and digitise the process, Chief Minister Neiphiu Rio informed the state Assembly. He noted issues stem from procedural non-compliance and inadequate guidance for retirees.
Small-cap funds can fall harder than large-caps. How should investors size their bets?
Small-cap funds offer high growth potential but come with significant volatility.
Atal Pension Yojana: Premature withdrawal rules and how to claim maturity payout amount, explained
Administered by the Pension Fund Regulatory and Development Authority, the Atal Pension Yojana (APY) aims to create a universal social security system in India. Today, we check the rules for premature withdrawal and how to claim maturity payouts.
Jammu and Kashmir Bank received a national award for its corporate social responsibility practices. The bank's commitment to sustainable social development was recognized at a Bengaluru event. J&K Bank has invested ninety-six crores in societal upliftment over three years. Its CSR programs focus on healthcare, education, and livelihood generation. The bank continues to expand its reach and deepen its social impact.
Today, we take a look at how much annual contributions of 50,000, 1 lakh and 1.5 lakh, made either as lumpsum or monthly credits, can generate for your child over 18 years. We also check how much they can accumulate by continuing the account till retirement
Air India pilot found dead in Delhi hotel; police rule out foul play
An Air India pilot died in a Delhi hotel room during a layover. He was found unconscious and unresponsive by hotel staff on September 11. Police are conducting inquest proceedings and have ruled out any foul play. The pilot was undergoing conversion training for Boeing 787 aircraft operations. Air India expressed deep sadness and is supporting the pilot's family.
Bank of Baroda launches next-generation mobile banking apppowered by AI
bob World 2.0 hasfour key capabilities voice-enabled payments and navigation, Personal Financial Management (PFM) module; hyper-personalisation and persona-based customer experience
An AMC shutting down does not mean investors lose their mutual fund units or the underlying stocks and bonds held by the scheme. Heres what happens when a fund house closes, transfers schemes to another AMC or winds up a mutual fund.
Finance Minister meets AIIB chief and discusses opportunities to further deepen ties
Finance Minister Nirmala Sitharaman met AIIB President Zou Jiay in New Delhi. They discussed deepening the India-AIIB partnership and infrastructure priorities. Support for transport connectivity and local-currency financing was also explored. Increased private sector participation and AIIB's global presence were key topics. The meeting occurred on the sidelines of the BRICS Summit.
BRICS leaders agreed to strengthen health cooperation and share best practices. They endorsed initiatives focusing on tuberculosis and digital healthcare systems. Leaders also supported efforts for healthy lifestyles and mental well-being programs. Pandemic preparedness and response capacities were emphasized by the group. Cooperation on traditional medicine and health workforce development was also highlighted.
US finalises levies on solar cell imports from India, Indonesia, Laos
The US Commerce Department has finalised anti-dumping and countervailing duties on solar cells and panels from India, Indonesia and Laos, citing unfair subsidies and harm to US manufacturers. Indian producers face a 123.04% anti-dumping margin and 126.09% countervailing duty. The USITC will make a final injury determination by October 14.
EPFO: 79% of new UANs in FY26 generated by Gen Z employees aged 18-30 years, including 28% women
EPFO data indicates that Gen Z comprised 79% of new UANs in FY26, signaling a generational shift in India's workforce. Key sectors like retail and logistics remain major entry points for first-time workers.
Booking.com leases 1.11 lakh sq ft in Bengaluru
Booking Holdings has leased over 111,525 square feet of office space in Bengaluru. This expansion increases their total office footprint in the commercial tower to 2.65 lakh square feet. The company secured this new space through a five-year lease agreement with RMZ Hotels. This transaction highlights continued demand for large office spaces from global companies. Bengaluru remains a key market for multinational corporations expanding their operations.
Credit card limit 3 lakh, usage 50,000: How unused credit can help your credit score and finances
A 3 lakh credit card limit with 50,000 usage keeps credit utilisation at about 16.7%. An expert explains how low utilisation can support your credit profile, provide an emergency cushion, and encourage disciplined borrowing and repayment.
8th pay commission: From pension revision to minimum pension and dearness relief (DR), pension commutation, and OPS Here are the top 12 demands made by pensioners during the consultation stage so far.
Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen Indias ship repair industry
Drydocks World and Cochin Shipyard Limited have formed a joint venture. This partnership will operate and expand the International Ship Repair Facility in Cochin. The collaboration aims to enhance India's ship repair capabilities and create new opportunities. This venture combines global expertise with strong domestic experience. It will strengthen Cochin's position as a key maritime services hub.
RVNL achieves 41st tunnel breakthrough in Rishikesh-Karnprayag rail project
Rail Vikas Nigam Limited achieved a significant breakthrough with Escape Tunnel 1 on the Rishikesh-Karnprayag rail line. This marks the forty-first tunnel breakthrough, completing the second-longest tunnel of the ambitious project. The tunnel construction navigated challenging Himalayan geological conditions and fault lines effectively. With forty-one breakthroughs now complete, the project progresses steadily towards its final goal. Remaining breakthroughs are anticipated within the next year, nearing project completion.
Under the scheme, eligible farmers receive 6,000 every year in three instalments. The focus is now on the 24th instalment.
HDFC Bank submits two names to RBI for CEO post, strengthens board-level leadership
HDFC Bank has submitted two preferred candidates for its next MD and CEO to the Reserve Bank of India. The bank's board approved these candidates and their remuneration for a three-year term. V Srinivasa Rangan will be reappointed as an executive director for one year. Jimmy Tata, currently chief credit officer, is also appointed as an executive director.
HDFC Bank sends two names to RBI for Jagdishans successor as MD & CEO
HDFC Bank's board has recommended two candidates for the next MD and CEO role. These proposed appointments are for a three-year term, pending regulatory approval. The bank also approved reappointment of V. Srinivasa Rangan as Executive Director. Jimmy Tata was also appointed as a Whole-time Director, subject to central bank approval. An additional Whole-time Director position will be created for improved oversight and succession planning.
Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wifes credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case.
Can being a loan guarantor affect your chances of getting a loan? Expert explains
Becoming a loan guarantor can affect your future loan eligibility, borrowing capacity and credit profile. Understand how a guaranteed loan may influence lender assessments and the key factors to check before signing a guarantee for someone else.
AstraZeneca's breast cancer drug fails in late-stage trial
AstraZeneca's breast cancer drug Etcamah did not meet its main goal in a late-stage trial. The drug showed only a numerical improvement when combined with palbociclib. This marks a setback for the recently approved treatment, which received accelerated approval. U.S.-listed shares of AstraZeneca experienced a decline in aftermarket trading. Trial data will be shared by the company in due course.
Food regulator directs Nilgiri Oil and Allied Industries, Aquagri to recall 2 products
Food regulator FSSAI has ordered immediate recalls of two products from the market. Nilgiri Oil and Allied Industries must recall its coriander powder due to pesticide residues. Aquagri Processing's carrageenan product is recalled for safety concerns regarding cadmium. Lab testing found both products unsafe and not conforming to standards. FSSAI has increased enforcement actions against food businesses recently.
Bank of Baroda's latest app bob World 2.0 to enable voice banking
The PFRDA plans to introduce mobile-based pension accounts for informal workers, enabling contributions via UPI through an easy digital process utilising the e-Shram database for account setup. Details of the proposal here.
Jamia hostel protest: AISA claims students assaulted, university refutes charge
University officials claimed that some students broke two hostel gates and manhandled members of the proctorial team
Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, remains available for Tax Year 2026-2027. Unused portions of the exemption limit can offset special-rate capital gains after normal income is accounted for. Non-residents, firms, and companies cannot claim this specific tax adjustment.
Karnataka RERA recently fined a builder 10 lakh for failing to deliver amenities as promised. Here's how aggrieved buyers can register complaints online through state portals.
1.09 crore sent from Kuwait to India: ITAT Ahmedabad grants partial relief in income tax notice case
An Indian working in Kuwait faced an income tax notice over 3.63 crore in reported financial holdings. ITAT Ahmedabad deleted a 5.52 lakh addition and ordered fresh verification of around 2.50 crore linked to HDFC Bank.
Grain-based feedstocks power nearly 70% of Indias ethanol supplies in 2025-26
Grain-based feedstocks now supply nearly seventy percent of India's ethanol. Maize and surplus FCI rice are leading grain contributors to this supply. Sugar-based feedstocks also provide a substantial and important share of ethanol. India's ethanol capacity is expanding, requiring new utilization avenues. Future uses include Flex-Fuel Vehicles and Sustainable Aviation Fuel.
Hawkins Cookers will launch a fixed deposit scheme on September 16, with interest rates up to 8% for a 36-month tenure. Check full details of the offering here.
1st-floor owner refused to let water leakage repairmen inside flat; ground-floor owner files case; wins case in Maharashtra Co-operative Court; court upheld 50:50 cost-sharing arrangement. Know how ground floor owner won the case.
Concurrent Gainers: 9 smallcap stocks gain for 5 days in a row
We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.
8th Pay Commission: Central government employees seek 5 MACP upgrades and promotional pay scales
8th Pay Commission: Central government employees unions seek five Modified Assured Career Progression (MACP) upgrades, shorter waiting periods and promotional pay scales. Here is what MSA, FNPO, NC-JCM and RSCWS have demanded and what the proposals could mean for employee salaries.
EPF money withdrawal: When can employees claim their provident fund amount in advance?
Employees may need to access retirement savings before leaving the workforce for emergencies. The EPFO permits partial withdrawals, known as EPF advances, with specific eligibility. Check details here.
Global agrochemical markets face ongoing pressure from weak farmer economics and intense competition. Channel inventories have largely returned to normal after remaining elevated during 2024-25. Indian manufacturers may benefit from recovering volumes and patent expiries. However, weak generic pricing and competition will constrain profit margins for these companies. Companies with low-cost manufacturing and differentiated formulations are better positioned for growth.
Explained: Want to build a corpus with a Rs 15,000 monthly SIP? Know Rule 15*15*30
According to the innovative Rule 15*15*30, an investment of Rs 15,000 each month for thirty years could lead to significant wealth accumulation via the benefits of compounding returns. With an anticipated annual return rate of fifteen percent, this financial strategy underscores the necessity of a disciplined and steady investment approach, setting a clear and achievable objective for individuals pursuing financial prosperity.
ChatGPT Prompts To Create IBPS RRB CRP-XV Study Plan 2026: Prepare for Banking Exam With AI
Use these ChatGPT prompts to create an IBPS RRB CRP-XV 2026 study plan. Prepare Quant, Reasoning, English, Banking Awareness and other sections with AI-powered study strategies.
Should you prepay your loan early? Expert weighs in on interest savings, EMIs and future borrowing
Should you prepay your loan early? Experts explain how prepayment can reduce interest costs and debt, why timely EMI payments matter more for credit scores, and what borrowers should check before using savings to close a loan early.
BRICS has the oil jackpot. Now comes the hard part
BRICS is gaining weight in global energy markets as its 11 members include major oil producers such as Russia, Saudi Arabia, Iran and the UAE, along with major consumers India and China. The grouping accounts for roughly 41-47% of global crude oil production, but differences among members make a common energy policy difficult.
A minor's 1.17 crore interest income led to a 12.83 lakh penalty for his father. The tax officer denied a reduced rate under the India-UAE treaty and penalised for supposed under-reporting. Here's what happened next.
