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A viral video featuring PM Modi has been circulating on social media, claiming a free 1-tola gold for Aadhaar card holders. Here's what PIB Fact Check reveals about the alleged scheme and the authenticity of the viral video.
The Bharatiya Mazdoor Sangh protested in Delhi today, urging the government to address long-standing demands for employees, pensioners, and unorganised workers, including a minimum wage of 30,000 and job security for contract workers.
Are Income plus arbitrage funds a good investment choice? Returns explained
After attracting nearly 21,000 crore in 2025, income plus arbitrage funds saw investors withdraw around 2,000 crore during the first seven months of 2026 through 31 July, according to MFI360 Explorer.
Are NRIs taxed on money gifted to a Hindu Undivided Family?
The gift of money from your NRO bank account to your fathers HUF will not create any tax liability for you, as a gift of money is not taxable in the hands of the person making the gift.
Becoming a loan guarantor can affect your credit score, borrowing capacity and financial stability if the borrower misses EMIs or defaults. Know the key risks, credit impact and precautions before signing a loan guarantee.
Morgan Stanley retained its positive view on Reliance Industries after its partnership with Rolls-Royce to develop indigenous combat engines for Indias AMCA programme. The brokerage said the move reinforces Reliances evolving strategy.
Prashant Kishor's 73 crore property portfolio: When does owning real estate become too much?
Prashant Kishors 73 crore property portfolio highlights why investors should balance real estate with equities, debt, gold and cash, while prioritising liquidity, diversification, risk management and long-term wealth creation.
Bandhan Small Cap Fund made significant portfolio changes in July, adding 15 new stocks and exiting nine. HDFC Bank, AWL Agri Business and Sterlite Technologies were among the key stocks where the fund raised its holdings.
SpiceJet informs court of settling dispute with some lessors
The National Company Law Tribunal deferred its order on SpiceJet's liquidation proceedings. The tribunal will now announce its decision on August 19. SpiceJet has paid $500,000 as a first installment to a lessor. This payment is part of the airline's efforts to settle outstanding dues. The airline is working towards resolving its financial obligations with creditors.
Why feeling good is getting expensive
From concert tickets and weekend getaways to coffees, treats and office celebrations, funflation and treatflation are making small pleasures costlierand quietly reshaping how we spend and save.
Should you invest in income plus arbitrage funds?
Income-plus arbitrage funds, aimed at wealthier investors seeking tax benefits, have seen limited traction, with recent withdrawals offsetting initial inflows. Their complex structures and mixed short-term returns have also hindered adoption.
Retired? 7 types of income that are taxable for senior citizens; know the rules
India's solar module capacity surges, but upstream manufacturing lags: NITI Aayog
India's solar cell and module manufacturing capacity has grown significantly. However, the nation still imports essential upstream components like polysilicon. China dominates global photovoltaic manufacturing, supplying most of India's imports. India's solar capacity is expanding, requiring greater domestic component production. Expanding from polysilicon to cell manufacturing is critical for future integration.
Swiggy launches 24x7 AI assistant Guru for restaurant partners
Swiggy has introduced Guru, an AI-powered business assistant for its restaurant partners. This platform offers 24x7 support and data-driven decision-making capabilities. Guru helps manage operations and improve sales through a conversational interface. It analyzes sales funnels and provides actionable performance insights. The assistant supports over 20 vernacular languages for wider accessibility.
Sunil Singhania-led Abakkus Mutual Fund crosses Rs 10,000 crore in AUM with nearly 2 lakh investors
Sunil Singhania-led Abakkus Mutual Fund has crossed the Rs 10,000 crore AUM milestone less than a year after launching its first scheme in December 2025. The fund house now has more than 1.91 lakh investors and manages three equity schemes along with a Liquid Fund.
The CGHS has updated its regulations regarding beneficiary consultations and medical investigations. All follow-up treatments and tests costing up to Rs 3,000 should be done at the same facility. For investigations over Rs 3,000, prior referral from CGHS is necessary. Consultations are valid for a seven-day period within the same specialty. Additionally, eye consultation fees now encompass three specific examination procedures.
Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in RIL, Vedanta Power and 32 others
Sunil Singhania-backed Abakkus Flexi Cap Fund increased its exposure to Reliance Industries, Vedanta Power and 32 other stocks in July. The fund added shares of NTPC, Edelweiss Financial Services, Vedanta Aluminium Metal, SBI, HDFC Bank and ICICI Bank, while trimming three holdings and exiting Bank of Baroda.
Two dead after gas leakage at Indo Amines plant in Maharashtra
Two people died on Saturday after a gas leak at Indo Amines' manufacturing facility in Mahad, in the western state of Maharashtra.
Suraj Estate Developers Q1 sales up 74%, adds Dadar land parcel
Suraj Estate Developers saw sales value rise seventy-four percent year-on-year. Sales area also increased seventy-four percent, showing strong market absorption. The company's total income grew ten percent while operating profit saw a nine percent increase. Profit after tax climbed seven percent, reflecting steady financial performance.
Invesco Mutual Fund is reopening select existing SIPs and STPs in three international fund-of-funds from 18 August. The reopening comes as overseas investment limits continue to restrict fresh investments in international mutual funds.
New Delhi, August 17: Finance Minister Nirmala Sitharaman announced on Monday that a high-level committee will soon be formed to determine the role of the banking sector in realizing the vision of Developed India 2047. While addressing the opening ceremony of a two-day conference for heads of public sector banks and financial institutions in the ... Read more Finance Minister Announces High-Level Committee to Define Banking Sectors Role in Developed India 2047 Vision
Planning to invest in gold every month? Know the best options for beginners
Gold mutual funds and ETFs offer beginners convenient ways to invest small amounts monthly. Mutual funds provide professional management and easy redemption, while ETFs offer lower costs for investors comfortable using a demat account.
Lupin gets USFDA nod for generic tablets to treat excessive daytime sleepiness
Pharma major Lupin Ltd announced receiving final USFDA approval for its generic Pitolisant tablets. These tablets are indicated for treating excessive daytime sleepiness in patients. The US health regulator approved strengths of 4.45 mg and 17.8 mg. Lupin's Pitolisant tablets are bioequivalent to Wakix, a prescription medicine. This approval marks a significant step for the company in the US market.
Electric mobility brand Youdha unveils 'EPOD-Bharat', plans to launch 3 more vehicles
Electric mobility brand Youdha plans to launch three new vehicles soon. This expansion includes a passenger three-wheeler and two cargo models. The company also unveiled a limited edition of its flagship EPOD-Bharat model. Youdha aims to strengthen its position in growing electric three-wheeler markets.
Two more Air India pilots fail drug test after Phuket-Delhi flight incident: Reports
Two more Air India pilots failed preliminary drug tests following a recent incident. These pilots have been de-rostered while awaiting final test results. Air India mandated psychoactive substance screening for all its pilots after a previous positive test. The captain of the Phuket-Delhi flight claimed prescribed sleeping pills caused his positive result. Over 300 pilots have undergone this new internal safety testing process.
TV ad cap removal to boost inventory, not demand; revenue benefit seen at 13%: Elara
The recent removal of the 12-minute advertising cap could lead to a minor uptick in revenue for broadcasters. Still, it's improbable that this will change the industrys growth direction significantly. The key hurdle continues to be the demand from advertisers, as audiences gravitate towards digital and short-form video content. In this evolving landscape, Sun TV Network is more favorably positioned to capitalize on these shifts than Zee Entertainment.
Govt to set up high-level banking committee very soon: Sitharaman
Finance Minister Nirmala Sitharaman said the two-day PSB Confluence deliberations will provide substantive material for the high-powered panel on banking for Viksit Bharat
A UK-based employee sold 1,540 ESOP shares for nearly 26 lakh but reported a 1 lakh short-term capital loss using the shares' FMV as cost. The Mumbai ITAT ruled that the FMV on the ESOP exercise date can be treated as the cost of acquisition, even when the ESOP benefit was not taxed in India.
Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
Panel to comprehensively review the sector and align it with Indias next phase of growth
Apartment owners have no exclusive rights over common amenities if they signed sale deed containing a clause giving consent to sharing them with another housing society, rules Karnataka High Court. Read the article to know why the homeowners lost the case.
Govt to soon constitute panel on 'Banking for Viksit Bharat': Sitharaman
Finance Minister Nirmala Sitharaman on Monday said the government would soon constitute a high-level panel on 'Banking for Viksit Bharat'. In this year's Budget, the Finance Minister had proposed a high-level committee on 'Banking for Viksit Bharat', to comprehensively review the sector and align it with India's next phase of growth. Addressing the two-day PSB Confluence here, Sitharaman said, We expect the announcement of the high-powered committee to look into the banking sector... soon the committee will be announced. She said the committee would give its thoughts and recommendations to the government. I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection, she had said in the Budget speech on February 1, 2026.
NPA is at the lowest ever Indian banking has seen, says FM Nirmala Sitharaman
Banks have earned credibility through a difficult clean-up process, Sitharaman says
Oil India among top 5 midcap stocks that saw highest mutual fund selling in July
Mutual funds stepped up selling in several midcap stocks in July, with Exide Industries, Kalyan Jewellers, Info Edge, FSN E-Commerce and Oil India among the biggest stocks to see net selling.
ET Analysis: RBIs FCNR U-turn dents policy certainty
The RBIs early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 billion under the scheme by August 14, prompting the RBI to shut it on August 31 instead of September 30. Bankers say the move could disrupt dollar borrowings and leverage plans, while raising questions about Indias investment-policy predictability.
Juniper Green Energy bags 230 MW SECI FDRE project at Rs 5.26 per unit
Juniper Green Energy received a Letter of Award from SECI for a 230 MW renewable energy project. This project will provide round-the-clock power at a tariff of Rs 5.26 per unit. The company won this bid in an e-reverse auction conducted by SECI. This innovative tender requires renewable energy and storage to mimic thermal generation reliability.
India should bring back fuel with lower blend of ethanol, Chief Economic Adviser says
E20, petrol with 20 per cent ethanol blended in it, was rolled out last year and since April 1, it has been the only fuel available for sale at gas stations across the country
Banking reforms panel to be set up soon, says Nirmala Sitharaman
Banking reforms panel to be set up soon says Nirmala Sitharaman
Zee Entertainment appoints Ashish Mishra as Chief Marketing Officer
Zee Entertainment has appointed Ashish Mishra as its new Chief Marketing Officer. Mishra will lead the company's network-wide marketing and brand agenda. He will focus on strengthening consumer propositions and driving marketing campaigns. Mishra's experience will help sharpen the company's marketing interventions and brand proposition. The company is strengthening its marketing capabilities and deepening consumer engagement.
In today's marketplace, gold prices remain pivotal for both investors and those seeking gifts. Consumers are encouraged to explore pricing options at Tanishq alongside other top brands. The rates for 22K gold jewelry exhibit minor variances among major cities in India. Reliable pricing is provided by Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. Anticipate the release of indicative retail rates from the IBJA later today.
Indias next online grocery goldmine lies beyond the traditional routes
The shift in Indias e-commerce market is revealing a growing focus on value-oriented buyers from smaller towns. These consumers favor cost-effectiveness and variety over quick shipping. The expanding Bharat household segment is poised to drive remarkable growth in online grocery sales by 2030, pointing to exciting possibilities for e-commerce ventures beyond urban centers.
Alluri Sitarama Raju airport welcomes 1st flight with water salute; passengers praise infrastructure
Nestle looks to develop new products to serve users of weight-loss drugs
The rapid adoption of drugs made by Novo Nordisk and Eli Lilly has fuelled investor concerns that appetite-suppressing medicines could permanently reduce demand for packaged foods, snacks and beverage
L&T bags offshore development project order exceeding Rs 15,000 crore from Middle East client
Larsen & Toubro announced a significant order valued at over Rs 15,000 crore. This contract involves developing multiple offshore facilities in the Middle East region. The company's energy hydrocarbon offshore unit secured this substantial project. Fabrication activities will largely occur at L&T's advanced manufacturing facilities. This development highlights growing investments to meet future energy demands.
Ola Electric unveils Shakti energy storage portfolio for homes, businesses and grids
Ola Electric celebrated India's Independence Day with the introduction of its Shakti energy storage series. This groundbreaking lineup incorporates locally sourced LFP battery technology for various uses. Home users can expect the Shakti Gen2 to arrive by November 2026, while the Shakti Rack and Mahashakti for businesses will roll out in March 2027. The goal is to effectively capture and use clean energy on all levels.
NITI Aayog proposes regulatory reforms to boost India's professional services exports
Regulatory reforms can unlock India's professional services export potential, according to NITI Aayog. Professional services are a key part of India's growing services economy. The report identified diverse and sector-specific regulatory frameworks as barriers. A four-pronged strategy and sector-specific reforms are proposed to address these issues. These measures could enhance efficiency and boost India's global services trade.
India's power system just passed a historic tipping point
According to the latest capacity data from Ember and Global Energy Monitor (GEM), Indias clean energy sources now account for 331.7 GW of installed capacity, compared with 302.0 GW for fossil fuels
Sale deed vs gift deed vs Will: Why witnesses matter differently for each
Do you need witnesses for a registered sale deed? Know what determines the validity of a registered sale deed. Know what the law says
NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident Indians. Premiums are paid through NRE, NRO, or FCNR accounts, and currency fluctuations matter. Country of residence impacts premiums and underwriting due to risk assessments. The location of financial responsibilities guides the decision for buying insurance.
Seaplanes in India get an electrifying push with SkyHop Aviation's new deal
SkyHop Aviation, Indias seaplane operator, is exploring electric seaplane deployment with Noemi Aerospace across India and South Asia. SkyHop plans up to 40 aircraft by FY2030, with electric and hybrid seaplanes potentially accounting for 20-25%. The company will initially connect Lakshadweep and mainland India, while evaluating Noemi aircraft for future regional routes.
Credit card damaged or not working? Follow these 5 steps to get replacement quickly
Credit card damaged or not working? Here are five steps to block, report, replace and activate your new credit card while avoiding payment disruptions and delays. Following these steps can help ensure that credit card transactions are restored quickly.
UPI payment failed but money got deducted? The 8 steps that get your refund fast
JMJ Fintech Q1 net profit rises 72.48% to 1.97 crore; AUM surges 82%
JMJ Fintech reported a 72.48% year-on-year net profit increase to 1.97 crore. Assets under management rose 82.11% compared to the previous financial year. The company launched a new technology-driven lending platform called Money bro. This platform aims to make borrowing faster and more convenient for customers. JMJ Fintech plans to leverage technology for accelerated expansion across India.
Students get hands-on future-ready AI skills at HCLTech and Economic Times masterclass
HCLTech and Economic Times hosted an eight-hour AI Masterclass for engineering students. Around 300 students learned about AI-assisted development and large language models. They explored AI agents and cloud deployments, including AWS Bedrock. Students were encouraged to build AI projects to demonstrate their skills. The masterclass emphasized practical application and continuous learning in AI.
KFC rebuts stale-chicken allegations, says it follows FSSAI norms
KFC denied allegations of serving stale chicken following a recent inspection. The fast-food chain stated that its food safety and storage practices meet all required norms. Officials collected chicken samples for laboratory testing after the consumer complaint was lodged. The outlet was instructed to clear its existing chicken stock and clean the storage. KFC assured customers of its commitment to quality and hygiene standards.
Gold bond rate: The Reserve Bank of India has established the early redemption price for a certain gold bond series. Investors have the option to redeem these bonds five years post-issuance. The redemption amount is determined by the average gold price over the three business days leading up to redemption. This bond series boasts excellent returns on investment. Sovereign Gold Bonds serve as government-backed securities, providing an alternative to holding physical gold.
RBI has proposed new rules requiring lenders to obtain borrower consent before migrating existing benchmark-linked loans to a new framework. The draft also says the migration cannot increase the prevailing interest rate or attract any fee.
AI has changed investing. Or has it changed investors?
In the age of AI, what additional value does a financial adviser really bring?
Son inherited 50% of mothers land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore claimed Section 54F tax exemption; tax dept denies it; Heres how a 1983 CBDT circular (No. 359 dated May 10, 1983) helped him win the case in ITAT Surat. Read the article.
Flight operations began at Bhogapuram airport today after its inauguration. Passengers arriving from Hyderabad shared positive experiences with the new facilities. The airport offers modern technology and traditional cultural elements for travelers.
The ITI Multi Asset Allocation Fund has launched its subscription phase, presenting an option for diversified investments. However, this fund arrives in a sector thats currently facing diminished investor enthusiasm. Financial analysts urge potential investors to approach new fund offers with caution unless exceptional opportunities arise. Multi-asset funds are designed to spread risk and yield across different asset classes, prompting investors to assess their portfolios thoroughly before making additions.
Best aggressive hybrid mutual funds to invest in August 2026
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to conservative equity investors to create wealth to achieve their long-term financial goals.
Visakhapatnam Airport suspended operations, with flights now using the new international facility. Airport workers face job and salary uncertainties after the operational shift. Passengers expressed mixed emotions, recalling past convenience and anticipating future development. The move to the new airport is seen as necessary for Visakhapatnam's expansion.
Hero MotoCorp appoints Srihari Mulgund as Chief Strategy Officer
Srihari Mulgund brings over 24 years of experience across engineering, product development, and strategy planning within the global automotive sector. Having worked extensively across the USA, Japan, China, and India, he has developed deep cross-cultural expertise and a strong understanding of diverse automotive markets. Prior to joining Hero MotoCorp, he was a Partner at EY-Parthenon, where he led high-impact strategic engagements across EV, battery, ICE, supply value chain and new-age mobility ecosystem. His prior experience also includes key roles at Aisin AW, FEV Inc. and serving as President of Ricardo Strategic Consulting, India.
Gold and silver prices today, 17 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.
India's telecom sector needs policy support to boost domestic manufacturing and exports. Heavy reliance on imports, especially from China, poses supply chain risks. The sector has significant growth potential driven by 5G and expanding digital services. Targeted interventions can help achieve national policy goals and increase GDP contribution. Increased localization and export focus can position India as a major manufacturing hub.
India lets clean-energy projects pay to keep grid access after delays
India's power regulator allows clean energy firms to pay for extended grid access. Developers can secure extra time by paying daily fees per megawatt. This change helps projects delayed by land and financing issues. Companies receive up to twelve months for project commissioning. Failure to meet new deadlines risks losing connectivity and bank guarantees.
Aurobindo Pharmas Raleigh plant gets 'Voluntary Action Indicated' classification from US FDA
Aurobindo Pharma's US facility received a Voluntary Action Indicated classification. The US FDA closed its inspection of the Raleigh manufacturing plant. This classification allows applications for inhalers and other products to proceed. The inspection covered inhaler, dermatology, and transdermal product manufacturing operations. The company's regulatory filing confirmed the inspection closure and VAI status.
Monsoon no longer an off-season for Goa as tourist footfall rises
Goa welcomed over 61 lakh visitors from January to July this year. July alone showed a notable year-on-year increase in tourist arrivals. The state is actively diversifying its tourism offerings beyond beaches. Efforts focus on wellness, heritage, and MICE tourism for year-round appeal. Enhanced international connectivity and new markets are also being developed.
Maharashtra govt forms panel to tackle Chakan industrial belts infrastructure crisis
Maharashtra government formed a high-level panel to resolve infrastructure issues in Chakan. Companies threatened relocation due to potholed roads and traffic congestion problems. Deputy Chief Minister Eknath Shinde directed immediate pothole repairs and modern repair technologies. The government will provide land for essential facilities and expedite development plans. A 10-month deadline is set for implementing infrastructure development and grievance redressal.
Titan Company Share Price Live Updates: Titan Company Sees Positive Movement
ONGC Share Price Live Updates: ONGC's Weekly Performance
Kotak Bank Share Price Live Updates: Kotak Bank News
Bharti Airtel Share Price Live Updates: Bharti Airtel's Price Movement Today
RBI asks rating agencies to stop naming it as bank deposit regulator: What this means for depositors
RBI has asked credit rating agencies to stop identifying it as the regulator for bank deposit ratings, according to a vreport. The move could create a compliance issue for rating agencies and affect how depositors assess bank credit risk.
Adani Ent Share Price Live Updates: Adani Enterprises Daily Price Update
M&M Share Price Live Updates: M&M's Stock Price Analysis
Axis Bank Share Price Live Updates: Axis Bank's Market Position Strengthens
SBI Share Price Live Updates: SBI Stock Details
SGB 2021-22 Series V investors can redeem their bonds prematurely on 17 August 2026 at 15,295 per unit, against an issue price of 4,740 for online investors. This translates into an absolute capital gain of about 223%.
Factor indices: Alpha leads in 2026
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. The annual returns are ranked for 6 key NSE Factor indices, with a broad-based index, Nifty 500, thrown in for comparison. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
Redevelopment risks: How to protect your home, money
Ageing housing societies that were promised bigger, modern living spaces have seen builders abandon or stall construction for years, with little recourse.
Sandwich generation: Retirement, kids & elderly care
Luckily, the squeeze phase doesnt last forever. Kids grow up, loans get paid off and people enter peak earning years as they move towards their 50s. And given the increase in surplus during this phase, many people can accelerate retirement contributions meaningfully.
ITR filing: Key rules for freelancers, F&O traders
Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers should not wait until 31 August to file.
Moving back to India? US tax rules NRIs should know
From RSUs to retirement accounts, what returning Indians must settle beforeand afterthey land.
Funding higher education: Indian parents vs US NRIs
Except for a small number of government colleges of repute, the demand for good quality colleges far outstrips the supply in India. Higher education remains costly and elitist and with the advent of edupreuners, Indian children often study at universities abroad after paying a steep fee or after taking educational loans.
Personal laws: Marriage, divorce and inheritance
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 114th part of this series, Riju Mehta explains how personal laws govern marriage, divorce and inheritance for different religions.
Textile stocks weave a comeback: Time to buy?
Trade deals and sourcing shift from China are reviving the sector that investors had written off.
In the June quarter, Indian companies celebrated remarkable revenue growth, reaching a nine-quarter high. Despite this, profits grew by only eleven percent, largely due to rising input costs. Key sectors such as auto, banking, metals, and pharma played a pivotal role in this expansion. Notably, small and midcap firms showcased impressive earnings per share. Looking ahead, revenue is anticipated to gain momentum from upcoming festivals and premiumization strategies.
Strait of Hormuz shipping slows sharply after tanker attacks
Shipping through the Strait of Hormuz slowed significantly over the weekend. This decline followed attacks on tankers and stalled United States-Iran conflict resolution talks. Commodity vessel transits dropped sharply, with very few ships registered for Sunday. Shipping appeared to grind to a near standstill after UAE reported tanker attacks last week. Iran stated Washington must meet its conditions for shipping to resume.
