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INDO-MIM, Ather Energy and TCS among stocks bought and sold by mutual funds in July
Mutual funds bought Rs 15,900 crore of stocks in July while FIIs sold Rs 11,000 crore. Axis Bank, INDO-MIM and Kotak Mahindra Bank saw major buying, while ICICI Bank, Eternal and Reliance Industries faced selling. Buying remained strong across large, mid and smallcap segments, reflecting active portfolio repositioning by fund managers.
SIF AUM jumps 30% to Rs 23,177 crore in July; inflows rise 30% MoM: Report
SIF assets under management rose 30% month-on-month to Rs 23,177 crore in July 2026, while inflows also jumped 30% to Rs 4,922 crore. Hybrid Long-Short Funds dominated the segment, accounting for 66% of total SIF AUM.
ITA backs 11 Indian projects; to advance over $18 bn in clean industry investment
Eleven Indian clean industrial projects will receive tailored support from the Industrial Transition Accelerator. These initiatives represent over eighteen billion dollars in potential investment and significant carbon abatement. Companies like Jindal Steel and JSW Steel are developing carbon capture technologies. ACME Group and ReNew are advancing green ammonia and methanol production facilities. Circular Urban Energy will produce sustainable aviation fuel from waste materials.
Filed your ITR before July 31? Here are 3 reasons the Income Tax Department may still send a notice
Filing your ITR before the 31 July deadline does not guarantee that you will not receive an income tax notice later. Mismatch in AIS/Form 26AS, incorrect tax claims and errors in the return can still trigger a communication from the Income Tax Department.
Motilal Oswal commits Rs 1,500 crore to Inox Clean in hybrid private credit deal
Motilal Oswal Group has committed Rs 1,500 crore to Inox Clean Energy Ltd through compulsorily convertible debentures to fund acquisitions and growth. The initial Rs 1,000 crore has been deployed, with the remaining Rs 500 crore expected soon. This hybrid capital investment aims for an equity conversion upon Inox Clean's potential IPO within 12-24 months, offering downside protection and equity upside.
EPS pension: Will minimum pension rise from 1,000 to 7,500? Latest update
Gold rates today:Here is a look at the latest 22k gold jewellery prices at Tanishq, Joyalukkas, Malabar Gold & Diamonds and Kalyan Jewellers across major cities such as Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Thiruvananthapuram.
Mutual fund SIP stoppage ratio fell to 81.87% in July from 91.23% in June, marking the third consecutive monthly decline. New SIP registrations outpaced discontinued or completed SIPs, while monthly inflows rose 12% year-on-year to Rs 31,961 crore, signalling continued investor preference for systematic and disciplined investing.
A property buyer who paid 6.5 crore for a property valued at 8.85 crore for stamp duty purposes won relief from a 2.35 crore tax addition. ITAT Mumbai ruled that a higher stamp-duty value alone cannot prove undisclosed investment under Section 69B without evidence of extra payment.
Builder used coercive bargaining and paid Rs 18 lakh less as refund to homebuyers for cancellation of allotment under full and final settlement; HC rejects settlement and orders full refund with interest to homebuyers
US says more oil is leaving Middle East. Is it really?
US Energy Secretary Chris Wright claims nearly nine million barrels daily leave the Strait of Hormuz. Vessel tracking services, however, report volumes closer to half this amount. Total Middle East crude exports remain below pre-conflict levels, according to tracking data.
Loan recovery gets a rulebook: What RBI now bars lenders from doing
RBIs new recovery framework bars lenders and agents from harassment, threats and surprise visits, while setting rules for call timings, field visits, agent conduct and borrower grievances.
Passenger vehicle dispatches jump 34.3% YoY to 4,57,810 units in July: SIAM
Indias domestic passenger vehicle dispatches to dealers rose 34.3% year-on-year to 4.58 lakh units in July, according to SIAM. Two-wheeler sales increased 22.6% to 19.23 lakh units, while three-wheeler dispatches grew 33.4% to 92,560 units compared with July 2025.
Maruti, Tata, Mahindra raised E20 fuel contamination concerns, emails show
Automakers privately expressed concerns about E20 fuel contamination, citing chloride and moisture issues. This data emerged after the auto lobby withdrew a complaint to the government. Industry tests found high chloride and moisture levels in many fuel samples. These contaminants are reportedly harming vehicles and reducing performance.
Delhi High Court halts processing of ITRs filed by SC and HC judges under new tax regime here's why
The Delhi High Court has instructed the income tax department not to process tax returns of high court and Supreme Court judges due to a dispute over allowances. Here's what happened.
Retirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It's crucial to identify which income streams are subject to taxation and which advantages remain untaxed to prevent errors and manage your finances wisely. Learn strategies to legally minimize your tax responsibilities after retirement and bolster your financial stability.
An ITAT Delhi ruling has upheld a 1.86 lakh penalty against a taxpayer for failing to disclose his UAE bank account and foreign shareholding in his ITR. The tribunal rejected his explanations and held that the undisclosed foreign assets could be assessed under the Black Money Act for AY 2020-21.
Oman says oil spill from grounded tanker has reached its coastline
Crude oil from a grounded tanker has reached Omani mainland beaches. The sanctioned vessel, Caroline Bezengi, is leaking nearly one million barrels. Contamination has spread north of Qabiliyah Island, endangering a marine protected area. Southern coasts of Masirah Island may also be affected soon. Satellite images show the spill covers over six hundred square kilometers.
Have over Rs 1 crore cash to invest? Expert suggests portfolio for retirement, childrens goals
An investment advisor recommends a tailored strategy for a surplus of Rs 1.31 crore, focusing on balancing risk and stability for retirement aspirations. This plan involves a staggered investment approach via a systematic transfer plan (STP) spanning four to seven years. The proposed portfolio diversifies into equity, hybrid funds, arbitrage, and gold investments, aiming for capital growth while safeguarding assets as retirement approaches.
HPCL buys 4 million barrels of Middle Eastern crude, traders say
Hindustan Petroleum Corp has bought 4 million barrels of Middle Eastern crude through a spot tender, according to trade sources. The state-run refiner purchased 2 million barrels of Murban crude each from BP and PetroChina, along with 1 million barrels of Oman crude from Trafigura, with deliveries expected in early October.
UPI costs Rs 20,700 crore, government allocation just Rs 2,000 crore: Parliament Panel
A parliamentary committee suggests a self-reliant revenue model for UPI's financial sustainability. Amendments to the Payment and Settlement Systems Act now permit transaction charges on digital payments. The committee noted a significant funding gap between allocations and operational costs. Future merchant discount rate charges will be nominal and apply to limited high-value transactions.
Best focused mutual funds to invest in August 2026
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
Buy or Hold? Here's how analysts are rating 7 midcap stocks from Delhivery to Cera
Karnataka Bandh 2026 today: Are banks closed on Thursday, August 13, 2026? Check bank holiday status
Karnataka Bandh: Banks in Karnataka will remain open on Thursday, August 13, 2026? The Reserve Bank of India calendar shows banks closed only in Manipur on this day. Customers can proceed with their banking plans as usual across Karnataka.
The 8th Pay Commission has 18 months from its constitution on 3 November 2025 to submit its recommendations, putting the deadline in May 2027. The government has clarified that it has not confirmed an early submission.
Nirmala Sitharaman confirmed that the RBI's proposal to introduce 10 and 20 plastic banknotes has been approved by the government. Here's what she said about the launch timeline.
The RBI has proposed a common framework for loan pricing, including benchmark-linked rates, board-approved pricing policies and tighter rules on loan spreads. The draft also proposes APR caps for small-value and microfinance loans.
India fuels global growth in planned coal mining capacity, report says
India nearly doubled its planned coal mining capacity in 2025 to 638 million metric tons per annum, driving almost all of the global increase in proposed coal projects, according to Global Energy Monitor. The expansion comes as India seeks to meet rising power demand despite rapid renewable growth and slowing global coal demand.
Defaulted on your loan? Here's what banks can legally do and what they can't
Missing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first. For secured loans, repossession of assets follows legal procedure, while unsecured loans depend on collection efforts. Recovery agents must uphold borrower dignity, refraining from harassment. Engaging proactively with lenders can facilitate loan restructuring and help preserve your credit score from significant damage.
From reels to episodes: 80% Indians embrace microdrama as new entertainment habit
Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short, episodic stories. Social media feeds are the primary source for discovering new microdrama content. This format shows strong brand recall and purchase intent for advertisers. Microdrama offers creators and brands opportunities for deeper audience engagement.
SAT reserves interim relief order in Zee, Punit Goenka-SEBI case
The Securities Appellate Tribunal reserved its order on interim relief for Zee Entertainment and Punit Goenka. They are challenging a Securities and Exchange Board of India order which they deem punitive. Lawyers argued the order should not take effect until future resolutions are completed. These resolutions are for the company's overall benefit and future operations. Parties must file their replies and submissions within the next six weeks.
Hotels, cafes ramp up expansion, set to unleash hiring boom in H2 2026
Hotel chains plan substantial expansion, expecting many new openings soon. This growth will create thousands of new jobs across India. Radisson Hotel Group anticipates a 75% increase in hotel openings. ITC Hotels aims for over 2,000 new hires for its upcoming properties. IHCL's guidance indicates about 6,000 direct employment opportunities.
Drug formulations & biologicals keep India's pharma exports healthy in Q1
During the first quarter of fiscal 2027, India's pharmaceutical exports soared to $8.10 billion, showcasing remarkable strength in drug formulations and biologicals, which together made up roughly three-quarters of the total. Both bulk drugs and vaccines saw substantial double-digit growth. North America and Europe served as vital markets for Indian medicines, indicating a promising future for the nation's pharmaceutical sector.
TV ad demand weakens as ratings blackout enters festive season
Television broadcasters anticipate a challenging festive advertising season ahead. This comes as ratings remain withheld following a ministry directive. Advertising demand is already subdued due to economic pressures and digital shifts. Free commercial time consumption has fallen to a three-year low. This situation impacts the entire TV broadcasting ecosystem significantly.
Supreme Court rulings set to raise insurers' third-party liability
General insurers face higher motor third-party claim reserves due to Supreme Court rulings. A recent ruling fixes homemakers' notional income, increasing claim payouts. This interpretation is expected to raise claim outgo significantly over eighteen months. Insurers also face policy standardization for occupant and pillion-rider coverage. Motor third-party insurance remains challenging with rising claim costs and slow premium growth.
The government has initiated 950 enforcement actions against pharmaceutical companies since December 2022. These actions aim to improve the quality of locally made medicines and prevent spurious drug sales. More than 1,100 cough syrup manufacturers are facing intense audits due to quality concerns. Drug manufacturing premises are inspected periodically to verify compliance with good manufacturing practices. Risk-based inspections are now prioritized based on a company's risk profile.
Southern banks on a golden lending streak; gold-loan books swell 2x
South Indian banks have seen their gold-loan portfolios nearly double in three years. This significant growth is driven by rising gold prices and increased demand for credit. Federal Bank, CSB Bank, and others experienced substantial portfolio expansions. CSB Bank recorded the fastest growth, more than doubling its gold loan book. Gold loans now represent a significant portion of advances for these regional lenders.
Bank employees stage protest demanding five-day banking week
Four equity fund categories saw outflows in July despite gains: Should investors be concerned?
Four equity fund categories large-cap, dividend-yield, value, and ELSS saw net outflows in July despite mostly positive returns. Experts explain the key reasons behind the trend and what investors should consider before making changes to their portfolios.
Zerodha Fund House unveils arbitrage fund for short-term cash management, investment starts at 5,000
The new fund offer is aimed at investors looking to park surplus money for relatively short periods while keeping volatility lower than that typically associated with pure equity funds.
Indian Railways has launched two new train services and is extending several existing routes. The new daily services, Kasganj-Aishbagh Express and Valsad-Surat MEMU, will enhance connectivity. Additionally, the Varanasi City-Gorakhpur Express will now reach Nepalganj Road, thus improving travel options for passengers across various states and fostering greater convenience and accessibility.
NCERT faces 1,596 vacancies, 44% CBSE positions unfilled: Par panel
NCERT faces over half its sanctioned posts vacant, impacting its key educational roles. CBSE also has 44 percent of its positions unfilled, a significant concern. This major shortage of permanent staff risks the safety and quality of national board exams. The parliamentary committee urged fast-track recruitment to fill these critical vacancies. Urgent attention is needed to address these staff shortages at both bodies.
Bank of America invests around Rs 18,268 crore for 49.9% stake in Jio Credit
Bank of America will invest up to $1.9 billion in Jio Credit. This significant foreign investment aims to acquire nearly fifty percent of the lending subsidiary. The transaction will provide substantial capital for Jio Credit's expansion plans. It will combine Jio's digital network with Bank of America's financial expertise. This partnership seeks to enhance credit access for all Indians.
Child certificate under Income Tax Act 2025: What is it, who needs it and how to generate one?
Form 128 allows taxpayers to obtain lower or nil TDS/TCS certificates. Under the Income Tax 2025, child certificates can be generated for individual payers. Here's what they mean, who needs them, and how to get them.
Air India pilot in Phuket-Delhi flight incident was on sleep medication
An Air India pilot on sleep medication tested positive for marijuana after an incident. The aircraft rapidly lost altitude, injuring seventeen passengers on its flight. The pilot reported sleep difficulties and personal circumstances affecting his rest. Aviation experts stated prescribed sleep medication would not detect THC. The incident is now under investigation by the Air Accident Investigation Bureau.
Kia plans India plant expansion as sales surge; aims 410,000 units by 2030
Kia India plans to expand its manufacturing capacity to meet future demand. The automaker targets annual sales of 410,000 vehicles by the year 2030. Kia will introduce ten new vehicles, with eight being electrified models. The company is also expanding its network into smaller Indian cities. This expansion aims to serve both domestic customers and increase exports.
Bought co-owner's 50% share in a property? How capital gains tax applies when selling whole asset
Buying a co-owners share in a jointly owned property can make capital gains tax calculations more complex when you sell the whole asset. The two shares may have different acquisition dates and costs, affecting how the gains are taxed.
Bank of America to acquire 49.9% in Jio Credit in potential Rs 18,268 crore deal
Jio Financial Services and Bank of America announced a significant joint venture agreement. The US banking major will acquire up to 49.9% in Jio Credit. This investment could reach Rs 18,268 crore, approximately $1.9 billion. Bank of America will initially hold a 26.5% stake in the NBFC. The transaction is subject to necessary regulatory and statutory approvals.
Small-cap mutual funds attracted a record 7,768 crore in July, while large-cap funds saw their first outflow in 30 months. The sharp shift in equity fund flows raises questions about small-cap exposure, portfolio diversification and the right level of equity risk for investors.
The Road Transport Ministry has directed ride aggregators to immediately remove all pre-ride tipping prompts from their apps, saying tips must remain voluntary and can only be offered after a journey is completed under the Motor Vehicle Aggregator Guidelines, 2025.
Nifty 50 needs 8% returns to reclaim peak; mid-caps narrow gap: What it means for investors
Large-, mid- and small-cap indices are at different stages of recovery from their previous peaks. While Nifty Midcap 150 is almost back to its record high, Nifty 50 has a wider gap to close. A study highlights how past corrections have shaped recovery timelines.
Gold prices are soaring, but buyers are still stepping up festive purchases
Gold prices have surged significantly, encouraging consumers to buy the yellow metal. Expectations of further price increases are driving purchases ahead of the festive season. Consumers are adapting by choosing lighter designs and lower-carat gold options. Jewellery purchases for festivals remain driven by tradition and sentiment. Buyers are increasingly focusing on a fixed budget rather than weight.
Maharashtra FDA suspends licenses of four Domino's Pizza outlets over hygiene norms' violation
Maharashtra FDA suspended four Domino's Pizza outlet licenses for hygiene violations. This action follows a recent suspension of a Blink Commerce facility due to infestations. Reliance Retail also faced scrutiny after live larvae were found in a sweet. The food authority has intensified statewide inspections and crackdowns on food outlets. Ayurvedic drug manufacturers received show-cause notices for serious compliance issues.
FD rates: Which banks are offering the best returns on fixed deposits right now?
DCB Bank, RBL Bank, YES Bank, Tamilnad Mercantile Bank and Jammu & Kashmir Bank are among the banks offering some of the highest FD interest rates across various tenures for deposits of up to 1 crore.
India needs to double infra investments to Rs 40 lakh cr/year to achieve growth ambitions: NaBFID MD
India must double infrastructure investments to forty lakh crore rupees annually. This significant scaling up is crucial for achieving long-term economic growth ambitions. Manufacturing capital expenditure also requires substantial and continuous investment for sustainable growth. Growing domestic long-term savings will increasingly finance infrastructure and other long-duration assets. Financial institutions will need to originate projects and distribute exposure to other investors.
Airtel rationalises prepaid portfolio, move seen lifting tariffs by 3-4%
Bharti Airtel has discontinued several popular prepaid recharge plans nationwide. This move effectively increases Airtel's tariffs by three to four percent. The Rs 299 plan's discontinuation is expected to have the biggest impact. Following this revision, Rs 349 becomes the cheapest unlimited prepaid plan. This rationalisation aims to encourage subscribers towards higher-value recharge packs.
Returning to India? How RNOR status can help NRIs save tax on foreign income
During the RNOR phase, local income rules mirror those applicable to ordinary residents. Any revenue sourced within Indiasuch as domestic salary, rental proceeds from local property, or fixed deposit interestremains fully taxable and must be reported in the ITR
Airtel withdraws four prepaid plans, Rs 299 users face 16% price hike
Bharti Airtel has removed four prepaid plans, impacting subscribers of the Rs 299 pack. These subscribers now face a higher cost for similar services. The company aims to increase its average revenue per user through this strategy. This move may signal a wider industry trend towards increased telecom tariffs. Airtel's profit rose significantly in the recent June quarter.
Edible oil prices up due to West Asia crisis, but availability 'adequate': Govt tells Parliament
Global and domestic edible oil prices have risen due to the West Asia crisis. Higher crude oil prices and biofuel demand reduced export availability significantly. However, India's edible oil availability remains adequate through usual import routes. Retail prices for groundnut and mustard oils have seen notable increases recently. The government monitors prices and is prepared for market interventions if needed.
Julius Baer leases 74,037 sq ft office space in Mumbais Andheri
Julius Baer India has secured a significant office space lease in Mumbai's Andheri East. The Swiss private bank will occupy over 74,000 square feet for sixty months. This new office space is located in Brookfield's Waterstones Business Park development. The lease agreement commences on May 1, 2026, with an annual rent escalation. This transaction highlights sustained demand for Grade A office spaces in Mumbai.
PFRDA has highlighted the NPS scheme for platform workers, with contributions starting at just 99 to help build a retirement corpus. The scheme allows flexible contributions and portability, but theres more to know about how workers can enrol, contribute and withdraw.
DY Chandrachud is Russia's arbitrator in banking dispute with Ukraine
Former Chief Justice of India (CJI) D.Y. Chandrachud has been appointed by Russia as its arbitrator in an investment treaty dispute with Ukrainian state-owned bank Oschadbank.
Captain of Air India flight that injured 24 is investigated after drug reports
India's aviation ministry awaits drug test results for an Air India captain. The captain was flying a plane which dropped suddenly midair last week. Twenty-four passengers and crew members sustained injuries during the flight. Both pilots underwent routine screening after the aircraft landed safely. An independent investigation is currently underway to determine the cause.
Karnataka Bandh on August 13, 2026: Are banks open or closed on Thursday? Check bank holiday status
Bank customers in Karanata may be wondering whether the statewide bandh will affect their offline banking services. Pro-Kannada organisations have called for a Karnataka bandh over the Cauvery water dispute, while also demanding progress on some projects in Karnataka.
For Non-Resident Indians, establishing a retirement corpus back home is simplified with the National Pension System. NRIs can open a Tier-I account, the essential foundation for retirement savings. Contributions are permitted from NRE and NRO accounts, facilitating smooth repatriation. Subscribers enjoy a range of investment choices, spanning equity, corporate bonds, and government securities, and can opt for either active or automated investment management in line with their risk appetite.
SpiceJet passengers face difficult time due to aircraft air conditioning issue
SpiceJet passengers experienced discomfort on a Pune-bound flight due to an air conditioning issue. An alternate aircraft was arranged after the initial plane encountered a technical problem. Social media showed passengers fanning themselves inside the cabin due to the heat. The airline stated the air conditioning remained operational throughout the flight. They deeply regretted the inconvenience caused to all affected passengers.
Sold property but missed expense deductions in original ITR? Here's what Mumbai ITAT ruling says
A Mumbai ITAT ruling has offered relief to a taxpayer who claimed 37.16 lakh in property-related expenses during reassessment. The tribunal examined whether such claims could be allowed later and ultimately directed the tax department to delete the additions.
Eight equity mutual funds received over Rs 2,000 crore in inflows in July, led by Parag Parikh Flexi Cap Fund with Rs 5,040 crore, followed by two HDFC funds.
How to create an NGO in your grandfather's name
An NGO can generally be established as a public charitable trust, Section 8 company or charitable society.
Inside govts insurance reforms push: Standardised rates, nationwide claims exchange in offing
A panel comprising regulators, industry executives, hospitals and representatives of the CII is expected to submit recommendations by the end of the year.
Coal India, AMNS sign pact for synthesis gas utilisation at Paradip plant
Coal India and ArcelorMittal Nippon Steel India signed an agreement for a coal gasification project. This collaboration will explore using synthesis gas near the steelmaker's Odisha pellet plant. The project aims to assess technical and commercial feasibility for a new facility. It also involves carbon capture, utilisation, and storage technology integration.
TARC Ltd reports Rs 22.64 crore profit after tax for Q1FY27
TARC Limited reported a profit after tax of Rs 22.64 crore for Q1FY27. Quarterly presales reached Rs 602 crore, showing significant year-on-year growth. Collections also increased by eighty percent year-on-year, supporting cash flow visibility. Total income stood at Rs 218.71 crore, reflecting revenue recognition from TARC Tripundra. The company is advancing its pipeline of ultra-luxury developments in Delhi.
Parag Parikh Flexi Cap Fund hikes stakes in HCL Tech, Maruti Suzuki in July. Check details
Tata Motors eyes supply chain debottlenecking, new markets to boost Q2 demand
Tata Motors will tackle supply chain challenges and tap new markets for growth. The automaker plans to increase demand generation from other markets amid the crisis. This strategy aims to offset impacts from the ongoing Middle East crisis. The company reported a Q1 net profit of Rs 1,528 crore, showing strong performance.
Paper industry seeks immediate anti-dumping duty on paperboard imports from Indonesia
Indian paper manufacturers seek anti-dumping duties on Indonesian paperboard imports. Cheap imports caused significant losses to local producers, the association stated. The Directorate General of Trade Remedies recommended remedial duties after an investigation. Urgency increases as an interim import price measure expires soon. Immediate action is needed to protect domestic industry from further injury.
Sensex vs KOSPI: Does Indias sector diversity offer an edge over South Koreas chip-heavy index?
South Korea's KOSPI index experienced a significant decline and subsequent recovery, highlighting its heavy reliance on semiconductor companies like Samsung and SK Hynix. Does India's Sensex have a diversification edge?
Emirates offers greater flexibility with date changes for Dubai-bound flights; refund fees cut
Emirates now allows unlimited free date changes for passengers traveling to Dubai. This flexibility extends to several Economy and Business Class fares, offering greater travel planning ease. Refund fees for Dubai flights have also been reduced, benefiting many travelers. Passengers across the Emirates network receive one free date change on eligible tickets. Additional benefits for Skywards members are available until August thirty-first.
Five largecap mutual funds delivered strong three-year annualised returns of 13.414.5%, led by Taurus and Invesco. Meanwhile, five laggards posted single-digit annualised gains ranging from 7.7% to 9%.
ChargeZone, Landmark Cars announce strategic partnership
Customers purchasing electric vehicles from any Landmark dealership across India will receive charging benefits on ChargeZone's nationwide fast-charging network, bringing charging benefits into the EV ownership journey from the point of purchase, a company statement said.
60% CEOs and CFOs believe AI has made it harder to predict office space requirements
Artificial intelligence is accelerating business pace, prompting companies to rethink office space needs. Leaders are moving away from fixed real estate commitments towards flexible workspace strategies. India leads global AI adoption, with its Global Capability Centres driving office leasing. Companies are actively shifting real estate costs from fixed to flexible models.
An entrepreneur described India as a 'credit-starved country,' contrasting it with the US banking system, which allows for easier access to loans. Here's what he said.
Indias EV charger network crosses 67,600 as FAME-II supports 16.7 lakh vehicles
India has installed over 67,000 electric vehicle chargers nationwide. The FAME India Phase-II scheme supported 16.72 lakh electric vehicle sales. Over 5,000 electric buses have been deployed under the FAME-II scheme. Other government initiatives have also boosted electric vehicle sales significantly. Reduced GST and green license plates further encourage electric vehicle adoption.
Your child may rewrite their future. Can your financial plan keep up?
Children may change careers, dreams and ambitions as they grow. The real purpose of long-term investing isn't to fund one future, but to give them the financial freedom to choose their own.
When will government issue plastic currency notes? Minister reveals this in Parliament
The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific details regarding the launch date and associated costs remain undisclosed.
Freelancers and gig workers must diversify their offerings, build multiple income streams and manage money mindfully to not just survive, but thrive, in this landscape.
Overseas pensioners encounter challenges when submitting digital life certificates due to issues with authentication and internet connectivity. Bharat Pensioners Samaj suggests that the government accept verified life certificates through registered email IDs, aiming to make the process easier for elderly pensioners living abroad. They point out that a similar digital solution works for Defence pensioners, urging the implementation of this additional option ahead of the upcoming submission deadline.
Central Bank of India mobilises $250 million under FCNR (B) window: CEO Kalyan Kumar
Central Bank of India has successfully mobilized $250 million under the RBI's FCNR-B window, surpassing its internal target of $100 million for July. The bank raised these funds through its GIFT City branch and aims for $400 million by September. The Reserve Bank of India introduced this special window to boost foreign capital inflows.
Will 8thPay Commission submit its report before 18-month deadline? Minister clarifies
8th Pay Commission news: The 8th Pay Commission is currently engaging with various stakeholders regarding issues related to pay and pensions. The findings are expected to be submitted within 18 months of its formation. Led by chairperson Justice Ranjana Prakash Desai, this initiative aims to benefit nearly 35.77 lakh civilian employees and 33.76 lakh pensioners. Modifications to guidelines for consultant involvement have been introduced by the commission.
Gold rates today: If you are planning to buy gold jewellery, here is a look at the latest 22K gold rates at Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers across major cities.
