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S&P assigns Bank of India 'BBB' rating on capital, funding strength
S&P Global Ratings assigned a BBB long-term rating to Bank of India. This rating reflects sufficient capitalisation, solid funding, and healthy liquidity for the bank. The agency noted the likelihood of extraordinary government support if needed for the state-run bank. Bank of India's role in financial inclusion and strong government links underpin its creditworthiness. Profitability and asset quality lagging industry averages temper these strengths, S&P stated.
Adani, NTPC among 7 applicants for Rs 37,500 crore coal gasification scheme
Seven applications were received for India's coal gasification scheme's first round. Adani Enterprises submitted three proposals for urea production, while others applied for different projects. The scheme aims to reduce import dependence and boost domestic coal utilization significantly. It supports achieving 100 million tonnes of coal gasification capacity by 2030.
How to get Rs 3 lakh/month from my Rs 2 crore EPF corpus?
ET Wealth Reader's Query: I retired at 53 and have Rs 2 crore in my EPF account. I understand that I can continue to earn interest on the balance for up to three years even without fresh contributions. What are the tax rules for this? My monthly expenses are Rs 3 lakh. I want to optimise returns and get steady income.
Gold looks expensive at current levels, silver still undervalued: Monarch PMS
Currently, silver is priced lower than its typical value, presenting an appealing investment alternative to gold. With gold's modelled range set between US$3,248 and US$4,595, averaging at US$3,922, silver's modelled range is between US$54 to US$77, averaging at US$65. Priced at US$61.7, silver falls below its expected midpoint, highlighting its position as the more affordable precious metal.
Homebuyers can seek refunds from developers who fail to complete construction, as per RERA regulations. An Allahabad resident won a case against a builder in Gurugram for delays after paying 14.5 lakh. Details here.
Small Finance Bank Launches Book On Banking
Through real experiences shared by Vasudevan, the book traces Equitas journey from a microfinance institution to a Small Finance Bank, highlighting how governance shaped strategic decisions.
PwC India partners with Claroty for cyber-physical security in manufacturing, healthcare
Under the agreement, PwC India will combine its cybersecurity advisory, execution, and risk transformation capabilities with Clarotys specialised asset-visibility and threat-detection software platform.
Mahindra eyes over 50% share in small pickups in FY27; electric Veero coming soon: Executive
The company, with a 46% share in the small pickup segment through July, expects the 1.1-tonne CNG Veero to help it exceed 50% in FY27
India's shift to biofuels will lead to energy security, says top PM advisor
India is accelerating its shift to alternative fuels, with biofuels such as ethanol, methanol and butanol expected to play a key role in energy security. Principal Scientific Advisor Ajay Sood said India is advancing biodiesel, bio-jet fuel and green hydrogen technologies. The government is also promoting biogasification and rationalising biofuel pricing to drive wider adoption and sustainability.
SIP calculator: How much should you invest at 30, 35 or 40 to build 1 crore by 50?
Kerala man's account frozen over mysterious UPI paymentWhat to do, rules, customer rights explained
A man from Kerala reported receiving two unknown UPI payments but chose not to return them, suspecting a scam. His bank account was subsequently frozen. Here are the rules and customer rights in such cases.
Gold rate today: 24k vs 22k vs 20k prices
Gadkari plans negative points on licences, RCs
Prime Group to invest Rs 1,500 crore in Bihars real estate over the next four quarters
Prime Group is set to invest a remarkable Rs 1,500 crore into Bihar's real estate market. This funding will support the creation of residential and mixed-use spaces, focusing on a development pipeline of five million square feet. The company is dedicated to expanding its presence in Bihar within the coming year, collaborating with strategic investors from the Middle East and various international consultants.
Indias OTT audience rises 11% to 665 million; connected TV base surges 60%: Ormax
India's online video audience reached 664.9 million in 2026, showing strong growth. Paid OTT subscriptions also increased by sixteen percent to 172.6 million users. Connected TV viewing surged sixty percent, indicating a shift to larger screens. Micro-dramas and K-dramas saw significant audience increases, becoming popular formats.
New labour code: Up to 20% bonus for these staff
How to choose a safe, regulated forex broker in India
When choosing an Indian forex broker, it's essential to evaluate their regulatory compliance and account protection measures thoroughly. Analyze trading costs such as spreads, commissions, and swap fees. Opt for a trading platform that provides real-time pricing along with effective risk management features. Don't forget to scrutinize withdrawal policies and any potential fees from third parties, along with understanding partner programs' eligibility and payout details.
A 10,000 monthly SIP may look affordable today, but the same amount would not have been affordable to most investors 20 years ago. Its affordability-adjusted analysis shows a 10,000 flat SIP could have grown to 87.3 lakh, compared with 31.9 lakh for an income-adjusted SIP over the same period.
Daughter of widow who remarried after her husbands death can inherit fathers share in his family property under Hindu Succession Act, 1956 rules Madras High Court. Know how
Since their inception, Specialised Investment Funds have garnered considerable attention from investors looking for more than what typical mutual funds provide. These funds are seen as an excellent option for satellite allocation, helping to diversify investment strategies. However, experts advise investors to carefully assess their risk profile and ensure that SIFs align with their overall portfolio. Relying solely on recent performance metrics for decision-making is not advisable.
When leaving a job, ensure that the correct exit date is recorded in the EPFO system to avoid issues with PF transfers and verification. Here's the full process for making corrections or updating it.
NC-JCM has sought OPS benefits for certain NPS-covered central government employees recruited against vacancies sanctioned before 22 December 2003. Heres who could benefit if the government accepts the demand and how it differs from the existing OPS eligibility rules.
Raids, shutdowns, warning labels - India's unprecedented food safety push
India's food safety authorities are stepping up their scrutiny of eateries nationwide, leading to the suspension of operations and the seizure of potentially harmful food items. The introduction of front-of-pack warning labels is a major focus, aimed at highlighting the health risks of foods high in sugar, salt, and fat. However, this proposal has drawn criticism from both food industry stakeholders and health advocates alike.
Best large & mid cap funds to invest in September 2026
In large & mid cap funds, the fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.
Gold and silver prices today, 8 September: 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.
Strata invests Rs 131 crore across 3 realty projects in Bengaluru, Mumbai
In a notable move, Strata has invested Rs 131 crore in three key real estate projects located in Bengaluru and Mumbai. The Bengaluru investments are concentrated on residential developments in the promising regions of Whitefield and Sarjapur, while Mumbai's allocation of Rs 30 crore targets a commercial venture in Santacruz West. This strategy reflects the resilient growth within India's real estate landscape, supported by reputable investors enhancing Strata's financing avenues.
Only 23% of rural households use LPG exclusively, CEEW studies find
Many rural households lack doorstep LPG delivery, facing refill cost and logistics issues. Only a fraction of rural homes use LPG exclusively, with firewood remaining common. Migrant workers encounter significant barriers to obtaining formal LPG connections. Affordability is a major concern, with many willing to switch at lower prices. Policy must now focus on sustained use, not just connection numbers.
Trust vs Will in India: Taxability & 8 other facts that tells you what protects your family's wealth
Filed your ITR but the income-tax refund has not reached your bank account? Here are six things to check if the refund is delayed, failed or marked as issued. From checking your refund status and bank-account validation to requesting a refund reissue, heres what taxpayers should do next.
Maruti Suzuki Share Price Live Updates: Maruti Suzuki's Market Performance Overview
The NC-JCM has urged that older vacancy sanction letters be used to assess eligibility for the Old Pension Scheme (OPS). During a meeting with the DoPT secretary, they emphasized the importance of this pension issue. Legal rulings have favored employees recruited post-January 1, 2004, for OPS benefits, as the New Pension Scheme (NPS) took effect for central government workers on that date.
Power Grid Share Price Live Updates: Power Grid's Current Valuation
Bajaj Finserv Share Price Live Updates: Bajaj Finserv Price and Returns Overview
Titan Company Share Price Live Updates: Titan Company Current Trading Status
RIL Share Price Live Updates: RIL News
IndusInd Bank Share Price Live Updates: IndusInd Bank Current Trading Status
Hero MotoCorp Share Price Live Updates: Hero MotoCorp Trading Performance
Bharti Airtel Share Price Live Updates: Bharti Airtel's Recent Market Activity
BPCL Share Price Live Updates: BPCL's Stock Performance Analysis
Singapore defends SIAs Air India investment, says overseas growth is essential
Singapore's transport minister defended Singapore Airlines' Air India investment. The airline needs overseas expansion due to limited domestic travel. Singapore Airlines finances its investments from internal resources. The Air India transformation is a long-term strategic commitment. This investment aligns with the airline's multi-hub strategy.
RBI's 30-day VRRR operation sees muted response amid high banking liquidity surplus
Banks showed little interest in the Reserve Bank of India's 30-day reverse repo operation. This occurred even as banking system liquidity reached a near five-year high. Treasury heads avoided locking funds at the current interest rate. Many expected a future rate hike, seeking better returns. The Reserve Bank will conduct an overnight auction to manage liquidity.
Dr Reddys Share Price Live Updates: Dr. Reddys Trading Insights
Income Tax Dept seized gold, diamonds and 11.2 kg silver from a Mumbai womans home and bank lockers. ITAT Mumbai deleted 11.23 lakh tax addition after accepting her explanation of marriage gifts and inheritance.
Tata Steel Share Price Live Updates: Tata Steel's Performance Snapshot
Tata Motors PV Share Price Live Updates: Tata Motors PV Stock Details
Can you nominate a minor for insurance or mutual funds? Here's what you need to know
Investing in mutual funds or insurance requires nominating a person to receive proceeds upon death. Here's whether minors can be nominated and everything else you need to know.
Why being seen is not enough for brands trying to lead their industry
Brand building is moving beyond visibility. Businesses increasingly need platforms that help them shape industry conversations, showcase leadership and create content that continues to support their positioning after a campaign ends.
India joins US-led global initiative to shape next-generation 6G networks
India has joined twenty-four nations in a global initiative for 6G network development. This agreement was finalized following a bilateral meeting between US and Indian officials. The G20 Innovation Ministerial meeting was hosted by the United States Department of Commerce. Discussions focused on strengthening cooperation across semiconductors, AI, and data centers. India's participation highlights its growing role in global technology and innovation.
Public insurance registry explained: What policyholders need to know
The registry could bring several changes for policyholders, from putting all their insurance policies in one place and making health insurance portability easier to enabling product comparisons, simpler servicing and better visibility into agents and intermediaries
Samsung India pays the price of costlier chips with a round of layoffs
Samsung India is reducing its workforce in batches. This action stems from pressure on smartphone sales and profit margins. Memory chip prices have more than doubled, impacting the business. Around eighty to one hundred executives have already been let go. Up to twenty-five percent of the sales and marketing staff may be affected.
India adds new crude suppliers, but Russia-led 5 countries retain grip on oil imports
India expanded its crude sourcing to 31 countries during the six-month Iran war period, but supply concentration increased sharply as Russias share surged to 47%. The Herfindahl-Hirschman Index rose 56% to 2,513, indicating high concentration, while nine of 10 new suppliers together contributed just 1.4% of imports.
ET Exclusive: Reliance Jio eyes September 2027 test flight for 1,600-satellite LEO network
Reliance Jio is targeting a September 2027 test flight for its planned 1,600-satellite low Earth orbit constellation, with mass deployment expected from early 2028. The company plans to deploy 400-450 satellites by 2030 and complete the network by 2035, aiming to deliver high-speed broadband to underserved regions.
Inox Clean Energy and Purvah Green Power are leading contenders for Brookfield's Bikaner renewable energy portfolio. This 550 MW asset, supplying clean power to commercial clients, is valued at approximately 2500 crore. Hindustan Unilever and Brookfield Properties are among the portfolio's significant power purchase agreement clients. Brookfield is divesting this asset as part of a broader portfolio reshuffle in India.
BCCL partners with OpenAI to enhance journalism discovery for readers globally
Bennett, Coleman & Co Ltd has partnered with OpenAI to improve content discovery. ChatGPT will now attribute BCCL journalism with direct links to original articles. This collaboration aims to connect users with reliable information from BCCL publications. Both companies will explore AI applications for new products and services. Editorial independence remains a core principle for BCCL's journalism.
Insurers seek greater flexibility in using equity derivatives for portfolio hedging
Indian insurers are seeking greater flexibility in using equity derivatives, including allowing exposure to be aggregated across multiple funds rather than applying limits separately. The move could help insurers hedge broader equity portfolios, but adoption remains limited. Irdai allowed insurers to use equity derivatives solely for hedging existing equity exposures in February 2025.
Irdai fines ICICI Lombard Rs 1 crore for outsourcing, vendor management lapses
The Insurance Regulatory and Development Authority of India has imposed a 1 crore penalty on ICICI Lombard General Insurance for lapses in outsourcing, vendor management and corporate governance. The regulator said the insurer failed to classify event management services involving agents of other insurers as outsourced activities or report related expenses.
Supreme Court dismisses Rs 363 crore GST demand against Vodafone Idea on tower business sale
The Supreme Court dismissed the government's GST demand against Vodafone Idea. This demand related to the sale of Vodafone Mobile Services' tower business. The court questioned proceedings against a non-existent entity, Vodafone Mobile Services. The Bombay High Court had previously quashed these tax proceedings. The apex court upheld the High Court's decision, citing jurisdictional issues.
Private banks profit margins recover as FCNR(B) inflows ease deposit funding pressure
Indias private banks saw fresh lending spreads widen sharply in July as FCNR(B) inflows improved liquidity and reduced reliance on expensive wholesale funding. Fresh spreads rose 22 basis points to 3.13%, nearly double those at public sector banks. However, analysts cautioned that margin gains could prove gradual and difficult to sustain.
Coal supply rises as rains recede, stocks recover at critical plants
Coal India's average daily coal production, rose by 35% to around 1.83 million tonnes on September 6 against around 1.36 million tonnes during the first three rain-affected days of September. The average daily despatch to the power sector increased by 24% from around 1.37 million tonnes during the first three days of September to 1.7 million tonnes as on September 6.
Centre may provide 100% funding support for medical testing equipment, says Piyush Goyal
The government will fully fund the acquisition of advanced medical testing equipment. Domestic firms are encouraged to seek technology partnerships and joint ventures. India aims to become a global hub for medical innovation and device development. Hospitals must offer transparent treatment packages and ethical patient care practices. Enhancing interpreter services will improve foreign patient confidence and communication.
Air India's new leadership has committed to prioritizing safety above all else, especially following recent grave safety concerns and a tragic crash inquiry. The airline, currently grappling with large financial deficits and challenges posed by airspace closures, is receiving vital financial assistance from Tata Sons and Singapore Airlines. This initiative aims to restore public confidence in Air India and meet international safety benchmarks.
Fairfax plans IIFL Finance exit to fund IDBI Bank bid
Fairfax Financial Holdings plans to exit IIFL Finance to fund its IDBI Bank acquisition. The investor will use proceeds to part-fund the proposed takeover of the state-owned lender. Fairfax intends to merge CSB Bank with IDBI Bank after completing the acquisition. This move aims to simplify lending interests and avoid business overlaps. The deal is expected to be completed shortly after procedural steps.
Retail vehicle sales surged by eighteen percent year-on-year, reaching 2.42 million units last month. For the first time, alternative energy vehicles, including electric and CNG options, outsold petrol vehicles. This increase in sales was primarily driven by strong rural demand, even with varied monsoon conditions. Electric vehicle category sales soared by nearly fifty-three percent, showcasing their growing appeal. Dealerships remain cautiously optimistic as the festive season approaches, anticipating higher bookings.
Indian firms line up $7.7 billion in ECB proposals in July
Indian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This represented a significant 27% growth over the previous month's figures. The Reserve Bank of India had eased its borrowing framework earlier in February. Air India and Interglobe Aviation together filed proposals worth $780 million. These companies sought special permissions from the central bank for their borrowings.
Mutual fund investors can benefit from a tax advantage on dividends received by schemes, as these dividends are not taxed at the scheme level. The full amount can remain invested and compound, unlike direct stock dividends, which are taxed at the investors slab rate.
PVR Inox says senior executive Pramod Arora was not asked to quit
PVR Inox said its promoters received anonymous communications in April alleging impropriety by certain employees, but a preliminary examination found no evidence of kickbacks. The multiplex operator also denied that senior executive Pramod Arora was asked to leave, saying he resigned for personal reasons after the allegations surfaced.
Mutual funds often come with 10- or even 20-year performance histories, but the manager currently making investment decisions may have been running the scheme for much less time. A September 2026 analysis found average manager tenure below three years across every equity-fund category.
India's first Bullet Train project gains pace; first test coach ready: Ashwini Vaishnaw
India's first Bullet Train project is progressing rapidly with key milestones expected soon. The Surat to Bilimora section is targeted for commissioning next year. Civil construction on the Vapi-Surat section will be completed by December. The first test coach for the Bullet Train has already been manufactured. High-speed rail services are anticipated to commence in August 2027.
Govt keeps PSB employees' PLI scheme for FY26 in abeyance after union representation
The government has postponed the performance-linked incentive scheme for bank employees. This decision follows employee representations seeking a review of the existing structure. Finance Minister Nirmala Sitharaman met with bank employee representatives to discuss their concerns. The scheme's implementation for 2025-26 will be kept in abeyance. Discussions will continue through bipartite settlement and joint note talks.
Investing in experiences and comfort can enhance life satisfaction. Here are 5 luxuries you must spend on once essentials, emergencies and future goals are covered.
Bond yields have risen sharply over the past year, with Indias 10-year government bond yield nearing 7%. As equities remain volatile and F&O traders face losses, higher yields are making debt more relevant for retail investors.
SBM Bank India plans 26% stake sale, appoints consultant
SBM Bank India is considering selling a twenty-six percent stake to raise expansion funds. The bank has appointed a consultant and is currently at the Expression of Interest stage. The parent company recently infused seventy-five crore rupees and will provide more capital. SBM Bank India aims for significant credit growth and is strengthening its digital wealth offerings.
HDFC Bank cuts MCLR lending benchmarks from today by 5-10 basis points: Check detailed rates
HDFC Bank has lowered its lending benchmarks by 5 to 10 basis points for various tenures effective September 7, 2026. The revised MCLR rates now range from 7.90% to 8.60%, with reductions benefiting borrowers linked to MCLR loans.
Tax audit vs ITR deadline: The two-stage filing process taxpayers need to know about
For taxpayers subject to a tax audit, the 30 September audit report deadline and the 31 October ITR filing deadline are separate but connected compliance steps for AY 2026-27. Here's what taxpayers need to know about these two deadlines and what they should do before each date.
Siemens Energy India advances cleaner high-voltage grid infrastructure with its Blue portfolio
Siemens Energy India has commissioned its first 145 kV sulfur hexafluoride-free circuit breaker in Goa, introducing its Blue high-voltage technology to India. The equipment uses clean air insulation and vacuum switching, eliminating SF and other fluorinated greenhouse gases while supporting reliable transmission infrastructure and the power sectors decarbonisation efforts.
KONE, TK Elevator seek CCI nod for India business merger after 29.4 billion global deal
Global elevator giants KONE and TKE seek regulatory approval for their merger in India. This significant transaction, valued at over twenty-nine billion euros, is a major corporate event. KONE plans to acquire sole control over TKE, which operates in India. The companies face competition regulators over market overlaps in elevator services. Both firms are seeking approval for this substantial business combination.
Five-year fuel contract with Mauritius: IndianOil turns 25-year presence into strategic foothold
India has signed a five-year fuel supply agreement with Mauritius under which IndianOil will meet the islands entire import requirement of fuels, marking the first such long-term deal with a country outside South Asia and signalling Indias emergence as a trusted energy supplier in the Indian Ocean.
AB InBev invests Rs 200 crore in Rajasthan brewery as beer demand surges beyond big cities
AB InBev India has invested about Rs 200 crore in a new brewery in Neemrana, Rajasthan, expanding capacity to meet rising beer demand across North and central India. The facility began operations in July and will serve markets including Rajasthan, Uttar Pradesh, Madhya Pradesh and Jharkhand, amid stronger premium beer consumption.
30 lakh investment: FD vs SCSS vs Post Office MISwhich offers the highest monthly income?
Investing 30 lakh? Compare SCSS, bank FD and Post Office Monthly Income Scheme (MIS) interest rates, income potential, deposit limits and payout frequency to understand which option can deliver the highest regular income while balancing eligibility, liquidity and tax considerations.
IIM Bangalores PGP jumps to No. 21 globally in FT MiM 2026, retains Indias top spot
IIM Bangalores two-year PGP has climbed to 21st globally in the Financial Times Masters in Management 2026 ranking, up from 28th in 2025 and 41st in 2024. The institute retained its No. 1 position in India, with stronger career progression, salary outcomes, alumni network and value-for-money rankings.
FDs may offer stability, but putting a large amount in one bank can expose investors to concentration risk. DICGC deposit insurance covers up to 5 lakh per depositor per bank, including principal and interest. Heres what investors with large FD portfolios should know.
5 reasons why your investment strategy makes no sense: Check common money mistakes
Investing without clear goals can lead to poor decisions influenced by emotions or trends. Check these 5 common money mistakes.
Should you take a personal loan to pay off credit card debt? Experts explain when it makes sense
Experts say a personal loan can help consolidate credit card debt if its interest rate is lower than your card's cost and you maintain repayment discipline, but check processing fees, prepayment penalties and total interest before switching.
Silver surged 98% in a year, but investors earned only 18%. The sharp gap raises a bigger question: did investors miss the rally, or did they enter at the wrong time? The answer lies in how investor behaviour changed as silver prices climbed.
Taxpayers with business or professional incomes face different ITR deadlines. Tax audit reports are due by September 30, 2026, with penalties applicable for late submissions. Details here.
Sukanya Samriddhi Yojana: Will marriage lock or unlock your SSY account?
A Sukanya Samriddhi account does not automatically close when the girl gets married. If she marries after turning 18, the account may be closed prematurely within the prescribed timeline, subject to SSY rules.
Exciting Banking Job Opportunities in September 2026
September 2026 is a promising month for job seekers in the banking sector, with over 18,000 vacancies available across various banks. Key recruitment drives include 283 Specialist Officer positions at SBI, 1,100 roles at Bank of Baroda, and a significant 13,706 vacancies through IBPS RRB. Candidates can apply based on their qualifications and experience, with deadlines approaching for many positions. This article outlines the various opportunities available, including specific requirements and application timelines, making it essential reading for aspiring banking professionals.
When should you sell profitable equity mutual fund investments for tax-gain harvesting?
Tax-gain harvesting allows investors to sell profitable equity mutual funds and reset their cost basis tax-free by setting off long-term capital gains against carried-forward property losses. Financial experts outline how setting off LTCG against long-term capital losses helps optimize tax efficiency while maintaining core long-term investment strategies.
