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Filed your tax audit report for AY 2026-27? It may still need a closer look before the 30 September deadline. From reporting details to disclosure requirements, here are the key errors taxpayers should check and what experts say about correcting them.
Miniratna PSU HLL Lifecare marks 15-year milepost with big new plan for nationwide push
HLL Lifecare is set to expand its pharmacy network to 600 locations nationwide within the next year. This will boost pharmacist employment from around 2,000 to roughly 4,500. .
Inherited 1980s shares? How grandfathering rules save you from 2026 LTCG tax bill
Grandfathering rules can determine the cost of inherited listed shares, but indexation is not available.
Coal to supply half of Indias power through 2035-36 as demand surges
India expects coal to generate half of its electricity by 2035-36 due to rising power demand. The Ministry of Power emphasizes the need for energy security and adequate electricity supplies. Current coal-fired capacity is around 224 gigawatts, with plans to increase it to about 315 gigawatts. Coal gasification is also being explored to reduce import reliance through hydrocarbon production.
Indian households spend differently depending on why they travel, with some trips costing significantly more than others. MoSPIs latest tourism expenditure survey reveals where the biggest expenses are coming from and how spending patterns differ between rural and urban households.
IRDAI proposes clawback of commissions in case of mis-selling
Under the proposed framework, distributors could be rewarded for the quality of sales and servicing, while commissions could be clawed back in cases of mis-selling. The regulator has also proposed greater accountability for individual sales staff by tagging their identity to policies sold and putting information on mis-selling incidents in the public domain.
FSSAI proposes ban on sale, manufacture of analogue paneer
FSSAI has proposed banning the manufacture and sale of analogue paneer to protect consumers from misleading claims. The draft regulations are aimed at restricting the use of non-dairy products labeled as paneer. States have already taken measures against analogue paneer, and existing products must remove the paneer designation. Stakeholders are given 60 days to voice objections or suggestions regarding the new amendments.
Dr Lal PathLabs to acquire 70 pc stake in SN Genelab for Rs 168 crore
Dr Lal PathLabs Ltd is set to acquire a 70% stake in SN Genelab for around Rs 168 crore, expanding its capabilities in genomics and diagnostic services. This move includes a potential earn-out of Rs 31.5 crore tied to performance. With the deal expected to close by November 30, 2026, SN Genelab will transition into a subsidiary of Dr Lal PathLabs.
Proposed commission caps from the Insurance Regulatory and Development Authority of India could severely impact PB Fintech's revenue. The company anticipates a potential reduction in income from general insurance to 33-40% of current levels. As a response, PB Fintech plans to enhance cost control measures and shift its focus toward profitability.
Panel says latest information related to the strike and banking services will be communicated through the official websites of banks, SMS alerts and social media platforms
Kalpataru Projects International Limited projects bags new orders worth over Rs 2,000 crore
Kalpataru Projects International Limited recently revealed its success in securing new contracts amounting to approximately Rs 2,025 crore. These projects are diversified across the realms of Power Transmission & Distribution, Buildings and Factories, and Oil & Gas. The Managing Director and CEO, Manish Mohnot, indicated that the total order value for this fiscal year stands at Rs 13,219 crore, with expectations that new orders could surpass Rs 12,000 crore.
German automation firm DEPRAG to invest Rs 8-10 crore, assemble systems in India
DEPRAG SCHULZ will invest Rs 8-10 crore in India to enhance its manufacturing and engineering presence. The investment aims to establish local assembly for systems and improve customer support. Focus will initially be on industrial screwdriving, component feeding, and assembly automation systems. This expansion seeks to meet the growing demand in sectors like automotive and electronics in India.
BMW India CEO Hardeep Singh Brar reveals whats changing in Indias EV scene
BMW Group India President and CEO Hardeep Singh Brar said Indias growing EV charging network is helping boost confidence among electric vehicle buyers, particularly for long-distance travel. With over 52,000 public charging stations, including more than 16,000 fast chargers, BMW is also expanding its own network, which is open to EVs of all brands. Brar said one in four BMW cars sold in India is now fully electric.
Indias expanding network of bridges, tunnels, expressways and faster trains is significantly cutting travel times across major routes. From the Delhi-Mumbai journey targeted to fall from 33 hours to 12 and the Delhi-Katra trip from 14 hours to six, to the Kosi Rail Mahasetu cutting an eight-hour journey to 30 minutes, infrastructure projects are reshaping connectivity. Vande Bharat services and planned high-speed rail corridors are expected to bring further reductions in journey times.
Jagsonpal Pharma to acquire Group Pharmas wellness portfolio
Jagsonpal Pharmaceuticals has signed a business transfer agreement to acquire the wellness portfolio of Group Pharmaceuticals. The acquisition is valued at an initial consideration of Rs 23.7 crore along with an additional amount based on future sales. This move aims to strengthen Jagsonpal's pharmaceutical portfolio and enhance its presence in women's healthcare. Meanwhile, Group Pharma plans to focus its resources on oral care following this divestment.
Flexi-cap mutual funds saw a wide variation in one-year performance even as the Nifty 500 declined. While several schemes delivered positive returns, some slipped into negative territory. Heres a look at how individual schemes fared against the benchmark.
Anarock acquires 51% stake in DSP Design Associates for nearly Rs 250 crore
Anarock has announced the acquisition of a 51% stake in DSP Design Associates for Rs 250 crore. This acquisition positions DSP to further enhance its design and architectural services while maintaining its founding leadership. The firm is known for its extensive portfolio across major Indian cities, including Mumbai and Bengaluru. DSP has successfully completed over 1,000 projects, showcasing its capabilities in various sectors.
Reserve Bank Deputy Governor Rohit Jain stated that banks are expected to deploy additional liquidity from FCNR(B) deposits. This deployment is likely driven by anticipated strong credit demand during the festive season. The RBI will not direct banks towards specific sectors for fund utilization, allowing for discretion based on credit proposals. Jain emphasized that credit demand is broad-based across different sectors, indicating a healthy economic environment.
GFGNL flouts norms, say domestic firms; BSNL flags restrictive conditions
The Gujarat Fibre Grid Network Limited is facing backlash over its stringent turnover requirements in the tender process. Domestic companies are voicing concerns that these limitations stifle competition. A Bharat Sanchar Nigam Limited representative has cautioned against such an exclusionary clause, highlighting that these high financial benchmarks may contravene the Centre's guidelines and state policies.
The State Bank of India has announced that all its branches will be open on Sunday, September 27, 2026. Despite this, the All India Bank Officers Association has recommended that its members not show up for work that day. Meanwhile, the United Forum of Bank Unions is deliberating its response.
Pharma sector revenue to grow 11-13 pc in FY27 on strong exports, domestic demand: Crisil
India's pharmaceutical sector is projected to grow at 11-13 percent this fiscal year due to export increases. The domestic market is also expected to expand by 9-11 percent as prescription demand rises. Strong cash generation and healthy balance sheets will help maintain credit profiles despite margin pressures. Cost inflation from raw materials and freight may compress operating margins by 150-200 basis points.
Traders in Madhya Pradesh observed No UPI Day on Wednesday. They were seeking an immediate withdrawal of the imposed MDR fees on UPI transactions.
Mita Biswas has been unable to obtain her dependent family pension due to a missing death certificate. Her brother died during the COVID-19 pandemic, complicating the situation further. Bharat Pensioners Samaj has intervened multiple times to seek resolution for her claim. The pension authorities have not communicated any updates regarding the status of her application. BPS has outlined specific demands for the authorities to expedite the processing of Mita's claim.
8th Pay Commission: Can Level 8 employees get Rs 1.52 lakh/month gross salary in 8th CPC?
8th Pay Commission salary calculator: The 8th Pay Commission is set to convene in Mumbai and Bengaluru to deliberate on salary structures and fitment factors. Key stakeholders will bring forward crucial topics during these meetings. The results of previous discussions in September have shaped aspirations for upcoming salary adjustments. Calculations for the current basic and gross salaries will consider multiple factors, particularly the dearness allowance, with the definitive outcomes awaiting the commission's official report.
Black Rock Hotels plans to scale up to 4,500 keys
Black Rock Hotels & Resorts, founded by Anshul Bhargava, aims to expand its portfolio to 4,500 hotel rooms by 2031. The company operates on a revenue share model, paying owners 25% of gross revenue. It anticipates launching its first owned property with 241 rooms in Udaipur by March 2027. Meanwhile, Black Rock is also exploring international properties in Dubai, Maldives, and Mauritius.
NFO Update: Motilal Oswal Mutual Fund launches Nifty REITs & Realty index fund
Motilal Oswal Mutual Fund is launching the Nifty REITs & Realty Index Fund, an open-ended scheme tracking the Nifty REITs & Realty TRI. The NFO opens September 25 and closes October 9, offering rules-based exposure to listed REITs and realty stocks.
Edelweiss Mid Cap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?
Five midcap mutual funds delivered annualised returns of 18% or more over the past three years, with HSBC Midcap Fund topping the list at around 21.6%, according to ETWealth.
How to refuse money requests from family and friends without destroying relationships
Lending money to friends and family without clear terms often leads to unreturned funds, damaged relationships, and personal stress. Learning to say no through clear boundaries, delaying responses, and offering alternative solutions can protect both your finances and personal bonds.
SIF AUM crosses Rs 31,000 crore in August after 528% jump in 2026: Report
SIF assets under management surged 528% to Rs 31,175 crore by August 2026, supported by strong inflows and rising investor folios. Altiva led the segment, while three platforms held 70%.
NFO Alert: WhiteOak Capital Mutual Fund launches diversified equity small cap FOF, its first FoF
WhiteOak Capital Mutual Fund is launching its first fund of funds, focused on actively managed small-cap mutual fund schemes. The NFO opens September 28 and closes October 12, offering diversified small-cap exposure through multiple managers for investors with long-term horizons.
From October 1, 2026, all domestic LPG consumers will need to undergo Biometric Aadhaar Authentication to access subsidies. This process is designed to ensure that subsidies are provided solely to qualifying households. Authentication can be done through delivery personnel, distributor outlets, or mobile apps provided by oil marketing firms.
As of September 17, 2026, the EPF wage ceiling is set to increase from Rs 15,000 to Rs 25,000. This adjustment does not affect employees whose earnings exceed Rs 25,000. Those earning between Rs 15,000 and Rs 25,000 will experience negligible changes to their contributions. Notably, EPS contributions will rise for employees hired prior to September 2014. Employers are responsible for managing increased contributions while keeping their salary structures intact.
EPS pension on 25,000 salary: How much can you get at 50, 58 and 60?
Indias consumer durables boom has a Rs 50,000 crore localisation opportunity: Report
India's consumer durables market is expected to grow by 8-10% annually, reaching INR 3-3.25 lakh crore by 2030. Localisation presents a significant opportunity, increasing domestic value addition from 50-55% to 65-70%. The market has room for expansion, with household penetration of large appliances still below regional averages. Strengthening component ecosystems and technology partnerships is essential for competing globally. Investments in R&D and efficient logistics will enhance competitiveness in international markets.
Father attested brothers sale deed, children lost 3.5 acres: What Madras HC ruled on oral partition
Attesting brothers sale deed has major legal consequences in proving oral partition of ancestral land; How children lost 3.5 acre land dispute case in Madras HC because of this. Read this article to know more.
A joint home loan can help spouses increase their borrowing eligibility by combining their incomes, while also allowing them to share EMI payments. But higher eligibility does not mean couples should borrow the maximum, as both borrowers share the repayment responsibility.
Mutual fund SIP AUM rose 23% YoY to Rs 18.62 lakh crore in August 2026, while SIP flows as a share of gross equity flows hit a two-year high of 43%. Aggregate SIP flows for the 12 months ended August grew 17% YoY to Rs 3.7 lakh crore, the Franklin Templeton report said.
India is set to play a key global role in Autodesks innovation and software development, with the US design and engineering company citing the countrys engineering talent, scale and digital adoption. Autodesk also sees opportunities in Indias semiconductor, mobility and industrial manufacturing sectors, while expanding AI capabilities and local skills development.
Power ministry sends draft National Electricity Policy 2026 to Cabinet: Secy Pankaj Agarwal
The draft of the National Electricity Policy 2026 has been submitted for cabinet consultation to enhance the power supply. This policy aims to address the needs for grid management and renewable energy sources. The power sector has evolved since the last policy was established in 2005, with different challenges now present. Demand for coal-based electricity has recently increased, reflecting a need for improved logistics.
Amazon to bet $3 billion on India's fast-delivery boom, sources say
Amazon has announced plans to invest $3 billion in its quick commerce business in India by 2030. This investment aims to expand its network of small neighborhood warehouses to improve delivery efficiency. Amazon is focusing on daily essentials rather than one-off purchases in this sector. Current competitors have established loyalty among customers, making competition more challenging for Amazon.
Navitas Solar to invest over $1 billion in clean energy expansion
Navitas Solar intends to invest 100 billion rupees in Gujarat and Maharashtra over the next five years. This investment will support the expansion of solar ingots, wafers, cells, modules, and battery storage. The company is already constructing a 2.4 gigawatt solar cell plant in Gujarat, with operations expected to begin in July 2027. Additionally, Navitas is developing solar parks in Maharashtra with specified capacities.
India's festive shopping about to change as robots lend helping hand
This year's festive shopping in India is gearing up for a transformation as AI tools take center stage. With many intending to spend above 10,000, buyers are leaning towards premium purchases. Millennials exhibit a stronger affinity for AI recommendations than GenZ shoppers. In addition, Tier 2 city consumers are emerging as an essential demographic with robust budgets, with apparel and footwear forecasted as the top purchases during this festive time.
UPI MDR kicks in October 15: Why NPCI expects no hit to transaction volumes
NPCI CEO Dilip Asbe said the new Merchant Discount Rate is unlikely to materially affect UPI transaction volumes, with the additional revenue expected to be reinvested in payment infrastructure and technologies such as soundboxes and AI.
Banks in India will close for multiple days in October due to holidays, including national and regional observances. The RBI's holiday calendar outlines numerous non-working days affecting banks across various states.
IRDAI has proposed rules with the aim of providing clearer choices for borrowers considering insurance cover for their loans. Check full details here.
India must reduce oil & gas dependence, shift to renewables: Power Secy Pankaj Agarwal
Pankaj Agarwal emphasized the need for India to shift from oil and gas towards renewable energy. He noted recent events have highlighted the importance of energy security in the country. Significant changes in the power sector's economics, particularly in battery storage costs, were also discussed. The government is addressing grid stability challenges posed by geographical concentrations of renewable energy.
Buying a luxury car is not just about comparing the price of a new model with a pre-owned one. Buyers should consider depreciation, loan interest, insurance, maintenance, warranty, repair costs and resale value to understand the actual cost of ownership.
Proposed 0.4% UPI MDR could recover Rs 15,000 crore in first year: NPCI chief
Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silver differently, seeking jewellery they can experiment with and wear more often something that is harder to do with gold at current prices.
The IRDAI has proposed transformative reforms to enhance insurance distribution in India, focusing on affordability and transparency. Key changes include limits on insurer expenses, greater disclosure of commissions, and measures to reduce mis-selling. While these reforms aim to empower consumers, concerns about the impact on market competition and the viability of low-premium policies remain.
Gold prices dropped across major jewellery brands in India. Tanishq's price for 22k gold jewellery fell to Rs 14,040 per gram in various cities. Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas offered 22k gold at Rs 13,995 per gram in their showrooms. The India Bullion and Jewellers Association reported a decline in gold and silver rates as well.
Saudi opens oil taps for Asia as India, China hunt crude amid Iran war, Hormuz crisis
Saudi Arabia has sold almost 100 million barrels of crude to Asian buyers, including refiners in India and China, helping ease supply concerns as the Iran war disrupts regional oil flows. The sales come as Iranian crude supplies dry up, Russian oil faces political risks and Saudis damaged East-West pipeline pushes more exports through Hormuz.
VBL Zimbabwe signs exclusive distribution pact with Mondelez
Varun Beverages Limited Zimbabwe has entered into a distribution agreement with Mondelez South Africa. This exclusive agreement will focus on chocolate, biscuits, candies, and gum products. The partnership is set to take effect from October 1, 2026. Varun Beverages plans to utilize its existing distribution network for this venture. The specific investment details have not been disclosed by the company at this time.
Maruti Suzuki India commissions 300 kW Green Hydrogen (GH2) electrolyzer plant
Maruti Suzuki India commissioned a 300 kW Green Hydrogen (GH2) electrolyzer plant, a pilot initiative, at its Manesar Facility. The project would help the firm maximise the use of its solar energy generated on-site. The Green Hydrogen produced would be blended with Natural gas to be used as process fuels in manufacturing operations. The auto-maker is in an advanced stage of setting up a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility as well as recently approving 4 CBG projects, costing Rs 5,610 million. Parent company Suzuki Motor Corporation (SMC) has partnered with the National Dairy Development Board (NDDB) and dairy industry unions to set up 10 biogas plants across India
Shivtek Spechemi Industries to expand manufacturing capabilities through new land acquisition
Shivtek Spechemi Industries is planning to expand manufacturing capabilities through new land acquisitions and expanding existing manufacturing facilities at Pungam (Ankleshwar), Gujarat. Shivtek is constructing the new facility entirely from the ground up as the first industrial entrant on this specific plot. Leasing of factory space by manufacturing companies is projected to rise to 30-32 million sq ft annually by 2030 from 21.3 million sq ft in 2025. The company also announced strategic capacity expansion of 14,000 MT at its flagship manufacturing facility in Kurnool, Andhra Pradesh.
Gold continues to strengthen despite higher US real yields and a Federal Reserve rate hike, with central-bank buying, inflation risks and energy uncertainty supporting demand for the precious metal.
India has implemented new quality norms for smartphone screen protectors that will take effect in 2027. The government aims to prevent low-quality imports from harming local manufacturers who have established production capacities. Electronics and Information Technology Secretary S Krishnan emphasized the importance of supporting quality domestic products. A partnership between Optiemus Infracom and Corning highlights ongoing efforts to strengthen local manufacturing.
50 litres per customer: Private pumps ration diesel as oil shock deepens
Private fuel retailers have started limiting diesel sales at their pumps due to rising crude prices. Several Jio-BP outlets have imposed caps on diesel sales per customer and daily limits. Nayara Energy outlets have similarly enforced restrictions for transactions within certain limits. However, state-run oil marketing companies continue to sell fuel without restrictions at their stations.
The central government is taking steps to ensure that employees and pensioners are not affected by the upcoming nationwide bank strike. Salaries and pensions for September 2026 will be disbursed early on September 25. The Department of Expenditure has mandated relevant offices to submit drawals promptly to facilitate this. Any necessary adjustments from the advance payments will be reflected in October's payroll.
Bank strike from Sept 28-30: Why are employees demanding 5-day work week and pension tweak?
Bank unions (UFBU) plan a 3-day strike (Sept 28-30) demanding a five-day banking week and pension reforms. Banks will stay open on Sept 27 (Sunday) to offset disruption. Strike coincides with half-yearly closing on Sept 30, a key date for provisioning and treasury operations.
Sensex stuck for 2 years: What a time correction means for your SIP and investments
Buying an old property with a home loan? What buyers need to check
Buying an old property with a home loan requires more than checking the price. Buyers should verify title, registration, encumbrances, construction approvals, structural condition, repair costs and whether the property meets lender requirements before proceeding.
NSE draws brokerage attention on stock market debut as 3 firms initiate coverage on Day 1
NSE shares rallied after a muted listing at Rs 1,800, pushing the exchange into Indias ninth-most valued company with a market cap of Rs 4.63 lakh crore. The post-listing surge came as three major brokerages initiated coverage on Day 1 with positive ratings. Macquarie called NSE The Dominator and assigned an Outperform rating with a Rs 1,965 target price.
Can children from a void second marriage claim fathers property? Know their inheritance rights under Hindu law. HC says Section 16 of the Hindu Marriage Act, can mean that a child born from a second marriage which was proved as void can still inherit the fathers property.
Income Tax: Buying property from an NRI gets easier from October 1; what changes for buyers
From 1 October 2026, resident individuals and HUFs buying immovable property from non-residents will no longer need to obtain a separate TAN for TDS. They can use their PAN and file the new Form 141, simplifying the tax reporting and payment process.
Homebuyer wins as MahaRERA orders builder to pay stamp duty and registration charges and also Rs 5.4 lakh interest to homebuyer. Read this article to know why the homebuyer won the case in MahaRERA real estate tribunal.
Retail prices of cooking oils may fall after duty cut: Industry body IVPA
Edible oil industry body IVPA expects retail prices of cooking oils to come down following the government's decision to cut import duties on soyabean, palm and sunflower oils. India meets around 60 per cent of its total edible oil requirements through imports. On Wednesday, the government reduced the basic customs duty (BCD) on crude sunflower oil from 10 per cent to nil. The BCD on refined sunflower oil has been trimmed from 32.5 per cent to 22.5 per cent. The BCD on crude soybean oil and palm oil has been slashed from 10 per cent to 5 per cent, and on refined soybean oil and palm oil from 32.5 per cent to 27.5 per cent. Sudhakar Desai, President, Indian Vegetable Oil Producers' Association (IVPA), said the decision to reduce customs duties on specific edible-oil imports comes at an important juncture, particularly with the festive season approaching. Lower import duties should improve the landed costs of imported edible oils, which can provide some reduction in consumer prices,
Middle class salary: Why your salary vanishes within 48 hours & how to get financial freedom
Best medium to long duration funds to invest in September 2026
Even a minor upward movement in interest rates could make these schemes extremely risky and volatile. In simple terms, investors might lose money in such a scenario. That explains why advisors do not speak about these schemes often. Needless to say investors should be extremely cautious about these schemes in the current scenario.
FD-backed SBI Card: Advantage SBI Card launched; who can benefit from it?
SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovative offering features four variants of secured credit cards linked to fixed deposits. With a fully paperless application process, it's designed to enhance accessibility, particularly for those with limited credit histories seeking a means to build financial profiles.
ABVKY Scheme 2026 explained: Check 90-day ESIC relief, eligibility and benefits
With small-cap valuations turning more reasonable and earnings growth improving, Pratik Dharmshi, Fund Manager Equity at Union AMC, remains constructive on the segment. He recommends focusing on quality businesses with sustainable earnings potential, avoiding the chase for recent outperformers, and maintaining a 5-7 year investment horizon while staying mindful of liquidity and volatility risks.
IRDAI proposes new motor insurance rules: What could change for new car buyers
IRDAI has proposed changes to motor insurance distribution that could alter how new-vehicle buyers purchase insurance. It proposes digital purchase options through platforms such as Bima Sugam, tighter rules for motor dealers and lower commissions on mandatory third-party motor insurance.
Copper producers seek GST cut to 5 per cent as record prices lock up cash
Indian copper producers are seeking a GST cut to 5% from 18%, saying record copper prices are increasing working-capital requirements across the supply chain. The proposed tax change could unlock up to $3.6 billion, according to association president Rohit Pathak, as producers and downstream buyers grapple with higher costs and leaner inventories.
Home loan repaid but lender didnt return property papers? You can get 5,000/day compensation
The RBI mandates that lenders complete loan closure formalities, including returning documents, within a specified timeline after repayment. Here's when you can claim compensation.
Transaction records alone cant prove genuine share gains: Why ITAT upheld 14.85 lakh tax addition
Ahmedabad ITAT upheld a 14.85 lakh addition in a share-trading case after finding that transaction records alone did not establish the genuineness of gains from Kushal Tradelink shares. The tribunal, however, sent the taxpayers separate 40.74 lakh long-term capital-loss claim back to the CIT(A).
AI products in India: What makes an enterprise AI solution stand out in 2026?
Enterprise AI is moving beyond experimentation. Products that solve clear business problems, fit existing workflows, and show measurable value are increasingly separating themselves from the wider AI market.
Entry-level hatchbacks regain ground after GST cuts, but SUVs continue to dominate
Tax cuts on small cars have increased their market share, rising from 2.3% to 3.3% recently. Sport utility vehicles have continued to gain popularity, increasing their share to 58%. Maruti Suzuki reported a significant rise in sales for their small cars after the tax reduction. Although affordability has improved, customer aspirations are shifting towards SUVs as first cars.
Premiumisation trend is spreading beyond affluent urban consumers, with households upgrading across homes, cars, travel, smartphones, appliances and everyday products. While 54% of home sales in eight major cities were priced above Rs 1 crore in the first half of 2026, companies are also seeing stronger premium demand in smaller towns and rural markets. Finance minister Nirmala Sitharaman said sustaining consumption growth will require this shift to extend beyond urban India as incomes and aspirations rise.
Banking patterns could help identify people experiencing financial abuse, UK study finds
Telltale signs of financial abuse, such as depleted savings, increasing debts and declining credit scores, can be identified in bank records, according to an analysis of U.K. banking data published in Nature. The findings reveal up to 373 indicators of financial behavior that could help pinpoint customers who may be experiencing economic abuse.
Crude prices rise nearly 2% amid choppy trade
Oil prices saw an increase of almost 2% in a volatile market influenced by geopolitical tensions. Traders reacted to Iranian President Masoud Pezeshkian's assurance of Iran's resilience amidst ongoing negotiations. Brent crude futures surged by $1.84, reaching $101.09 by evening, while West Texas Intermediate prices also rose. Discussions included the potential reopening of the Strait of Hormuz amid conflicting statements from Iranian officials.
India ramps up LPG output as festival season begins
Indias state-owned refiners have raised domestic LPG production to around 44,000 tonnes a day as festive-season demand rises and renewed conflict in the Persian Gulf disrupts contracted supplies. Production is nearly 20% higher than the August average, while refiners are also exploring increased US LPG purchases to diversify supplies. The US has already emerged as Indias largest LPG supplier, with its share of imports rising above 20% from 6% last year.
Govt cuts edible oil duty to ease prices
The government has cut customs duty on various edible oils, which includes crude and refined oils. These changes aim to reduce import costs and potentially ease domestic prices. The reduced duties are effective from September 24, allowing businesses to benefit immediately. India, one of the largest edible oil importers, is sensitive to global commodity price fluctuations. This action may provide relief from rising food inflation across the country.
FSSAI said action had been initiated against Amazon, Flipkart India, Swiggy Instamart, Zepto and BigBasket over allegedly misleading claims related to Happilo Premium Date Bites - Zesty Orange. Separately, Swiggy Instamart and BigBasket face action over alleged misleading claims and non-compliant product information involving three Milky Mist products - Fresh Low Fat Cream, Farm Fresh Curd and Greek Yoghurt.
Reliance Consumer Products quadruples authorised capital to 40,000 crore as FMCG business scales up
Reliance Industries has expanded the authorised share capital of Reliance Consumer Products to 40,000 crore. The company has tripled its borrowing limit to 27,000 crore to support its FMCG operations. Executive directors T Krishnakumar, Ketan Mody, and Asim Parekh have had their tenures extended until 2030. Recent filings indicate a positive business outlook for FY 2026-27 for RCPL.
Banking sector key to financing India's economic expansion: SBI chairman
SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth
Central government salary and pension to be paid on 25 September ahead of three-day bank strike
The Ministry of Finance will disburse salaries and pensions for September 2026 on the 25th due to a nationwide bank strike from September 28-30. This affects Central Government employees and pensioners, including those in Defence and Posts & Telecommunications.
SBI Card has launched a new secured credit card linked to a fixed deposit, available for online applications via the SBI YONO platform in just 10 minutes, aiming to assist customers in building or enhancing their credit history.
SEBI plans to review merchant banking and IPO rules
Regulator to examine price bands, advertising costs and valuation requirements to simplify public issues
Recently, an advocate from Ahmedabad sent a legal notice to PVR INOX over its cashless policy. According to experts, private businesses can skip cash and insist on digital payments. Here's what the company's policy says.
