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Portfolio overlap between mutual funds is not necessarily a problem, particularly when schemes have different strategies, risk profiles or portfolio roles. However, excessive overlap can leave investors with concentrated exposure despite holding multiple funds.
Essar to invest $18 billion in US, build America's largest steel plant in Iowa
Essar Group, through its subsidiary Mesabi Metallics, plans to invest USD 18 billion for a steel plant in Iowa. The facility aims to produce 10 million tonnes of steel annually and will utilize iron ore from Minnesota. It is expected to create 6,000 construction jobs and 2,000 permanent employment opportunities. The investment is part of a broader focus on enhancing domestic manufacturing capabilities in the United States.
Japans content giants seek bigger India play through films and IP
Japan's content industry seeks to increase its presence in India through licensing, merchandising, and localization of animation properties. The Doraemon franchise, with over 20 years in India, is now being adapted for theatrical release. The anime market in India is also growing, with streaming platforms expanding their anime offerings significantly. Research shows a high penetration of anime viewership among Indian audiences, indicating potential for commercial growth.
Kerala HC says exorbitant drug prices can trigger government intervention in patented medicines
The Kerala High Court ruled that government intervention is permissible for prohibitively priced patented medicines. The court directed the Centre to gather data on the affordability of specific life-saving drugs. This ruling addresses access issues for two breast cancer medications, abemaciclib and ribociclib. The decision empowers the government to consider invoking Section 100 of the Patents Act for affordable access.
Refiners feel heat physical crude trades higher than futures prices
Indias oil refiners are paying significantly more for physical crude than the futures prices making headlines, as constrained Gulf supplies keep the physical market tight. Brent spot prices averaged about $12 a barrel above November futures between September 1 and 22, with the gap widening to as much as $22. Refiners actual costs are driven by physical-market benchmarks, grade differentials and contract terms rather than headline futures prices alone.
Milind Deora backs FSSAI crackdown, says one year is fair for food cos to shift to new labelling
Food companies in India are expected to transition to front-of-pack nutrition labeling over the next year. The FSSAI proposed a system including red hexagonal warnings for unhealthy ingredients like sugar and fat. Milind Deora emphasized the importance of immediate nutritional disclosure to inform consumers effectively. Enforcement actions against misleading labels have been supported by Deora as a necessary measure for accountability.
Mumbai EOW probes Suraksha Realty promoters fraud allegations over Jaiprakash Infratech Deal
Mumbai Polices Economic Offences Wing is probing allegations by Suraksha Realty director Vijaykumar Mohanlal Parekh against fellow promoter Sudhir Walia over alleged cheating, forgery and criminal conspiracy in the acquisition of Jaiprakash Infratech. Parekh alleged his groups consent was bypassed and his brothers digital signature was used without authorisation.
FSSAI rules put beverage makers in a tizzy as energy deadline looms
Red Bull has approached the Delhi High Court to dispute FSSAI's ban on energy drink labeling. The company argues that due process was not followed in the ban's implementation. Reliance has introduced Campa Xtra without the term 'energy' amid the new regulations. Industry executives express concerns about the impact on major energy drink brands in India. The energy drink market is significant, valued at approximately 9,500 crore in recent years.
Jio leads Indias August mobile subscriber additions, Airtel close behind: TRAI
Reliance Jio added the most mobile subscribers in India in August at 2.40 million, followed by Bharti Airtel with 2.11 million, Trai data showed. Vodafone Idea added 506,139 users, extending its subscriber growth streak since February. Indias wireless subscriber base rose 5.51 million to 1.293 billion during August.
Air India's new chief sets sights on higher revenue and cost curbs at first town hall
Air India's new CEO Tewolde Gebremariam highlights the importance of financial performance and cost management for the airline. He aims to improve revenue per available seat kilometre and explore opportunities across the network. Employees are encouraged to manage costs at their levels to ensure discipline throughout the organization. Gebremariam also stresses operational reliability and customer confidence through improved punctuality and baggage handling.
A 1,000 monthly SIP can grow substantially over a decade as returns compound. We look at diversified equity mutual funds that delivered the highest 10-year SIP returns, with Quant Small Cap Fund leading the list. Heres how the funds compare.
Tata Electronics triples equity investment as iPhone, chip plans expand
Tata Electronics significantly increased capital investments and debt financing for Apple iPhone manufacturing and semiconductor initiatives. The company provided 61,280 crore in guarantees and 1,017 crore in loans to subsidiaries. Equity investments surged to 3,727 crore largely due to semiconductor business expansion. Despite a revenue increase, net losses widened significantly to 1,611 crore for the fiscal year.
8th Pay Commission: The official terms of reference outline what central government employees and pensioners can expect from the panel. We will likely get official recommendations sometime next year.
CCI clears MetLifes acquisition of additional PNB MetLife stake
The Competition Commission of India has cleared MetLife International Holdings acquisition of an additional 0.5% stake in PNB MetLife India Insurance through the green channel route. The transaction involves 10,247,348 shares acquired from Jammu & Kashmir Bank, taking MetLife Internationals holding from about 49.73% to 50.23% without changing joint control.
Sectoral mutual funds have seen a sharp divergence in returns over the past two years, with some sectors delivering strong gains while others slipped into the red. Here's what drove this divergence, and what should investors consider before making sectoral bets.
Lakshadweep seaplane launch in limbo after last-minute Skyhop permission withdrawal
India's plans for seaplane connectivity in Lakshadweep encountered challenges after permissions were withdrawn unexpectedly. Skyhop, the seaplane operator, had made significant investments in preparation for the launch. Initial approvals were reversed, citing a lack of infrastructure to accommodate seaplanes. This situation highlights ongoing difficulties faced by operators in establishing services on remote routes. The incident reflects broader regulatory and infrastructural issues affecting Indian regional aviation efforts.
From 1 October, households need biometric Aadhaar verification to keep accessing LPG subsidies, affecting 14.2 kg refills. Also, revised NPS charges and changes to ATM transactions for SBI customers will be implemented.
Rains ease peak power demand in September
Recent rainfall in India has led to a notable drop in peak power demand, decreasing from 224.7 GW to 218.8 GW before reaching 236.34 GW again. This decline has alleviated some strain on the energy grid. However, an alarming shortage of coal persists, with only eight to nine days' worth of fuel remaining in many plants. Currently, 80 out of 190 coal-based plants are under critical fuel stress.
Trai mandates telcos to take action against spammers identified by their AI-based caller ID
Trai has tightened rules against spam calls, mandating telecom operators to act on callers flagged as suspected spammers by AI-based systems even without consumer complaints. Under the new rules, first-time violations can lead to a 15-day outgoing service ban, while repeat offenders may face disconnection of all telecom resources for a year and blacklisting. The rules also introduce changes to spam-call blocking preferences and A2P call charges.
Bank strike deferred: Check if banks across India, including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Yes Bank and the cooperative banks will remain open on Tuesday-Wednesday i.e. 29-30 October.
Motilal Oswal Private Wealth has suggested a 50:40:10 allocation across mid- and small-cap, hybrid, and large-cap, and global equity funds. It favours lump-sum investments in hybrid funds and a staggered approach for pure equity funds over the next 23 months.
Traffic challan recovery: Supreme Court has suggested linking unpaid traffic e-challans to electricity bills as a possible way to recover nearly Rs 20,000 crore in outstanding fines. The bench of Justices J B Pardiwala and K V Viswanathan also proposed flagging vehicles with unpaid challans on the Parivahan portal, restricting ownership transfers and conducting random checks to improve traffic fine recovery.
Credit card debt: Can banks ask families to repay it after a cardholder dies? What if theres no will? Read out to find out.
Tax audit reports are filed using Form 3CA-3CD or 3CB-3CD, but the choice depends on specific conditions. With the deadline extended to 21 October, taxpayers should know which form applies to them and what they should do if they make an error.
Housing sales fell 2% in H1 2026, even as new launches rose 7% and the average ticket size edged up 2% to 1.41 crore. The data suggests buyers have more homes to compare, but there is no broad-based fall in prices yet. City-level trends vary sharply.
Oberoi Hotels to open luxury resort in Saudi Arabias Wadi Safar in 2027
Oberoi Hotels & Resorts will open The Oberoi Sukoonvilas in Wadi Safar, Saudi Arabia in 2027. The luxury resort is located around 30 minutes from Riyadh and will feature 60 standalone villas and 10 branded residences. This property is significant as it will be the first hotel in Wadi Safar and aligns with Diriyah's vision. The resort aims to provide a unique hospitality experience rooted in local heritage and culture.
Disclosing foreign assets or income under FAST-DS 2026 is just the first step: Here's how to pay tax
FAST-DS 2026 allows eligible taxpayers to disclose certain previously undisclosed foreign assets or income. Those making a valid declaration must follow a prescribed payment process. Heres what taxpayers need to know about ITNS 289 and the steps involved in making the tax payment.
The CBDT has extended the ITR and tax audit deadlines for a specific category of taxpayers for AY 2026-27. The move gives eligible taxpayers additional time to complete their audit-related compliance and file their returns. Heres what taxpayers need to know.
IndusInd Bank launches GCC Banking vertical with five core capabilities
The new vertical combines specialised banking capabilities as Indias GCC ecosystem expands in scale, strategic importance and sophistication
Assam, Bihar, Tamil Nadu, Sikkim, West Bengal and more Today we take a look at the full list of states that have announced DA and DR hikes this year, besides paying arrears for employees and pensioners.
HDFC Mutual Fund has reopened its HDFC BSE REITS and Commercial Real Estate Index Fund after its September 1517 NFO period. The passive fund tracks the BSE REITs and Commercial Real Estate Index, offering diversified exposure to listed REITs and commercial real estate companies.
The retail bond inversion: Why small savers are taking risks institutions reject
While institutional money sticks to AAA paper, retail investors are being funnelled into lower-rated debt. Nobody engineered this, but it needs fixing.
Can you withdraw 100% of your corpus in the National Pension System? Check annuity rules, death benefits and more.
NFO Update: ICICI Prudential Mutual Fund announces launch of contra fund
ICICI Prudential Mutual Fund launched a contra fund focused on research-driven, non-consensus opportunities in underperforming assets. The NFO closes October 12, with minimum investment of Rs 1,000. The open-ended equity scheme targets long-term investors and can invest across market capitalisations, alongside limited exposure to debt, commodities and InvITs.
For Gen Z, buying a home is increasingly a question of affordability rather than aspiration. Property prices have risen faster than incomes in several cities, while the supply of homes below 50 lakh has fallen sharply.
NFO Alert: Mirae Asset Mutual Fund launches Mirae Asset Life Cycle Fund 2056
Mirae Asset Mutual Fund launched the Life Cycle Fund 2056, an open-ended scheme with a predetermined maturity and mandatory glide path. The NFO closes October 12, with investments starting at Rs 5,000. The fund dynamically shifts allocations from equity toward debt, arbitrage and commodities as the 2056 maturity approaches.
Five hybrid funds feature among India's 10 largest equity and hybrid mutual fund schemes by AUM, together managing around 4.35 lakh crore. Here's where investors' biggest mutual fund pools are sitting and how these schemes have performed over three, five and 10 years.
Beyond premiums: here is how your health insurance is rated
What does a health insurance plan promise? How reliably has the insurer delivered on claims? Here is how you can find a plan that best fits your familys needs.
The Supreme Court declined to issue an interim stay on the government's move to impose MDR on UPI transactions over 2,000. Details here.
IndusInd Bank launches dedicated GCC banking vertical
IndusInd Bank, today, announced the launch of its dedicated GCC Banking vertical, a pioneering proposition for India's Global Capability Centre ecosystem. By bringing together corporate and employee banking capabilities under a dedicated GCC relationship model, the Bank offers a more integrated and specialised approach to serving the unique requirements of GCCs. Supported by digital-first platforms, responsive service and India-focused advisory expertise, the offering delivers a seamless banking experience, giving GCCs access to a comprehensive suite of solutions through a single banking partner.
Jefferies names Max Financial as its top insurance pick, sees 41% upside despite target cut
Jefferies has moved Max Financial Services to the top of its life insurance picks, retaining a Buy rating despite cutting its target price. The brokerage expects regulatory changes to have a manageable impact on growth and sees further opportunities through Axis Bank.
5 of Indias top 10 mutual fund schemes are hybrids. What's driving their popularity?
Hybrid mutual funds are gaining investor attention, with assets under management rising sharply in recent years. Five hybrid schemes feature among the top 10 funds by AUM, offering diversification and lower portfolio volatility.
FIIs cut stake in 12 smallcap stocks over 2 quarters; shares fall up to 50% in CY26
Hotmail co-founder Sabeer Bhatia calls for an inheritance tax in India, asserting that true opportunity should arise from individual accomplishments instead of family wealth. Details here.
Behind bigger price tags hides a fault line in Indias growth story
Indias consumer durables face a third price hike in 2026 as copper, steel, aluminium, resin, logistics and energy costs surge. LG, Daikin, Voltas, Samsung and Godrej are raising appliance prices ahead of Diwali. The pressure exposes Indias dependence on imported components and highlights why deeper localisation, domestic manufacturing and stronger supply chains are critical to containing global cost shocks.
JetSynthesys, Japans MIXI sign MOU to explore gaming collaboration in India
JetSynthesys has signed an MoU with Japans MIXI to explore collaboration across gaming, esports, digital entertainment, marketing and potential strategic investments in India. The partnership aims to combine JetSynthesys local market expertise with MIXIs global gaming experience as India emerges as a key growth market for digital entertainment.
Red Bull moves HC against FSSAI order on use of energy term in drinks
Red Bull has moved to the High Court against the FSSAI's decision to prohibit the term 'energy'. The FSSAI directed several brands to stop using the term due to lack of category standards. During a court hearing, FSSAI was asked to check if any notice was given to Red Bull. Industry representatives argue that the term 'caffeinated beverages' is too broad and could confuse consumers.
The Supreme Court has declined to grant an interim stay on the governments new merchant discount rate policy. This policy imposes a 0.4% charge on specific Unified Payments Interface transactions exceeding Rs 2,000. The decision comes as a public interest litigation challenges the legality of this levy. Notices have been issued to the government and financial organizations involved. The new policy is set to take effect on October 15.
IndusInd Bank eyes Indias 2,117 GCCs with new banking vertical
IndusInd Bank has introduced a new banking vertical specifically for Global Capability Centres within India. This initiative aims to address the growing banking needs of these centres as they expand. The vertical integrates corporate and employee banking into a unified relationship. It also includes foreign-currency account services to meet cross-border transaction requirements. IndusInd Bank's approach reflects the evolving landscape of the GCC ecosystem in the country.
An analysis of 189 equity mutual funds found 19 schemes delivering over 15% CAGR across three, five and seven years. The group comprised nine midcap, seven smallcap, two largecap and midcap and one ELSS fund, highlighting sustained long-term performance across multiple equity categories, though the exercise is not an investment recommendation.
Gold rate today: 24k vs 22k vs 20k vs 18k prices
Smaller players flag Irdais new expense caps
V-Guard appoints Mithun Chittilappilly as chairman
Tax audit deadline September 30: Why AIS, TDS and GST figures may not match your ITR and what to do
Tax audit deadline is September 30 for applicable taxpayers. Before filing, taxpayers should reconcile their books with GST returns, AIS, TIS and Form 26AS. Mismatches can arise from timing differences, duplicate or incorrect reporting, while unresolved TDS discrepancies can affect tax credits.
Sun Pharma has signed an exclusive agreement with LIB Therapeutics for Lerodalcibep, a cholesterol-lowering medication. This deal covers all markets globally except for the United States and China. Lerodalcibep, a once-monthly PCSK9 inhibitor, will be marketed under the name Lyrokaul in Europe.
Office space leasing rises 9 per cent to 18.7 mn sq ft in Jul-Sep across top 7 cities: Colliers
Gross office leasing across seven major cities in India increased by 9 per cent in the third quarter. Bengaluru and Delhi-NCR experienced significant growth, with leasing rising to 5.2 million and 3.3 million square feet, respectively. Hyderabad saw a notable increase in leasing activity, reaching 2.2 million square feet, while Kolkata's numbers surged four-fold to 0.4 million square feet.
SC reserves verdict on FSSAIs front-of-pack food labelling rules, seeks final submissions
The Supreme Court has reserved its judgment concerning the proposed front-of-pack labelling framework for packaged foods. This framework aims to highlight warnings on products high in sugar, fat, and salt. During the hearing, an NGO's counsel suggested that thresholds should consider total sugar and total fat instead of just added components. The court has directed all parties to submit their final written arguments within three days.
Indias organized retail market gets bigger, more experience-led
India's organized retail real estate is seeing substantial changes as it moves towards a more mature phase. The market is experiencing an increase in demand for experience-oriented categories and larger malls. Bengaluru is currently the largest organized retail market among major cities in India. Upcoming supply of shopping malls is expected to reach 40.4 million square feet by 2030.
8th Pay Commission salary calculator: Can Level 8 pay cross 1.5 lakh a month?
Tamil Nadu's CM S. Joseph Vijay will launch the gold ring scheme for newborns at Government Rajaji Hospital in Madurai on September 28. Full details here.
HDFC Bank shares fall 2% as banking stocks decline amid market slump
HDFC Bank traded at 722.05 down 1.8% at 10:47 am, after opening 731.60; The days intraday low was 721.40, with a range of 721.40733.00
Can HUF save tax? Check what new tax law says
Indian Railways is rolling out AI-enabled CCTV cameras in pantry cars and base kitchens across the East Central Railway zone to ensure round-the-clock monitoring of food preparation and hygiene. With 73 pantry services and 62 base kitchens under watch, passengers can also continue reporting issues through the Rail Madad platform.
LG Electronics to hike AC prices by 5-7 per cent from Oct 1 ahead of festive season
LG Electronics India has announced a price rise for air conditioners starting October 1. The increase will be between 5 to 7 percent ahead of the festive season. While other consumer electronics manufacturers have also raised prices, LG has not announced changes for its other products. Industry executives have indicated that rising material costs and inflation are affecting profit margins.
7 aggressive hybrid funds delivered 12%+ 5-year SIP returns; Bank of India led with 16.5%
Seven aggressive hybrid funds delivered 12% or more in five-year SIP returns, led by Bank of India Aggressive Hybrid Fund at 16.50%. However, performance varied widely among the categorys largest schemes, with HDFC Aggressive Hybrid Fund returning 5.99% and ICICI Prudential delivering 12.26%.
Food giants oppose red warning labels for high salt, sugar and fat, cite non-veg confusion
India should reconsider the red colour of its proposed warning labels on packaged foods as it can confuse consumers who associate the colour with non-vegetarian ingredient markings, food companies in India have told the Supreme Court.
WhiteOak Capital Mutual Fund has launched an innovative Fund of Funds that focuses on small-cap mutual funds. This initiative seeks to achieve long-term capital growth by diversifying investments across a variety of active small-cap funds. Skilled fund managers will oversee the portfolio, adjusting investments according to performance and risk dynamics.
Best medium duration mutual funds to invest in September 2026
As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon.
When Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs 7.65 lakh income, this raised many red flags within the income tax systems. He wins case in ITAT Delhi.
ET EXPLAINER: How RBIs new valuation rules change the way banks view REITs, InvITs
The Reserve Bank of India has amended the valuation framework for Real Estate Investment Trusts and Infrastructure Investment Trusts. These changes are meant to enhance consistency in how banks and All India Financial Institutions value these investments. For quoted units, existing regulatory frameworks apply, while unquoted units are valued based on disclosed net asset value.
Gold hit a 14-year high, but the biggest gains are hiding in a different asset
Gold and silver prices in India witnessed a sharp drop during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.
The Chennai ITAT deleted an 85.30 lakh tax addition on cash gifts after the taxpayer produced gift deeds, ITRs and financial statements, while all five donors confirmed the gifts. The tribunal said the initial burden under Section 68 was discharged.
After home run, South and West developers tap NCR to drive growth
The NCR region is rapidly becoming a strategic playground for real estate developers hailing from South and West India, spurring significant growth ventures. Renowned brands such as Prestige Group and Sobha are poised to make their mark amidst fierce competition, taking advantage of burgeoning opportunities. With buyers placing a premium on developer credibility and quality, the landscape is shifting.
Dibrugarh set to resume international cargo movement on Brahmaputra after nearly 80 years
Dibrugarh is set to resume international cargo movement through the Brahmaputra river, transporting methanol to Bangladesh. Two vessels are prepared for this operation, carrying 1,080 tonnes of methanol from Bogibeel. The journey spans approximately 783 kilometres and is expected to take about seven days. This initiative aims to revitalize trade connections previously established during British rule. The expanded cargo transport will support local producers by opening international market access.
Tech Mahindra Share Price Live Updates: Tech Mahindra Stock Details
'Use by date' mandatory for loose sweets in Uttar Pradesh: UP Food Department
Uttar Pradesh's Food Safety and Drug Administration will require sweets to display a 'Use by Date'. This measure focuses on open or loose sweets, which previously lacked such a requirement. Inspections found that consumers often did not receive proper information about the date of manufacture or expiry. Additionally, a ban on using ethylene glycol in milk processing has been enforced due to health risks.
Customers may not be able to use UPI at mobile stores on October 2; why retailers are protesting
Mobile retailers have called for a 'No UPI Day' protest on October 2, during which customers may not be able to use UPI for making payments at mobile shops. Here's why the protest is happening and what are their demands.
Nestle India Share Price Live Updates: Nestle India Market Analysis
ITC Share Price Live Updates: ITC's Recent Stock Performance
In a recent meeting held on September 27, the Indian Banks' Association and the United Forum of Bank Unions engaged in crucial talks about an impending bank strike. While the three-day nationwide strike was postponed rather than cancelled, both parties have committed to establishing a high-level committee.
Asian Paints Share Price Live Updates: Asian Paints Daily Price Change
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Price Movement Analysis
Kotak Bank Share Price Live Updates: Kotak Bank's Current Trading Status
Coal India Share Price Live Updates: Coal India Price and Performance Insights
M&M Share Price Live Updates: M&M Stock Price and Returns Overview
Divis Labs Share Price Live Updates: Divis Labs Market Performance Snapshot
Jio Financial Services Share Price Live Updates: Jio Financial Services Price Update
Britannia Share Price Live Updates: Britannia's Price Declines to New Low
JSW Steel Share Price Live Updates: JSW Steel's Recent Decline Below 100-Day EMA
