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Credit card limit 3 lakh, usage 50,000: How unused credit can help your credit score and finances
A 3 lakh credit card limit with 50,000 usage keeps credit utilisation at about 16.7%. An expert explains how low utilisation can support your credit profile, provide an emergency cushion, and encourage disciplined borrowing and repayment.
8th pay commission: From pension revision to minimum pension and dearness relief (DR), pension commutation, and OPS Here are the top 12 demands made by pensioners during the consultation stage so far.
Cochin Shipyard Ltd and Drydocks World form joint venture to strengthen Indias ship repair industry
Drydocks World and Cochin Shipyard Limited have formed a joint venture. This partnership will operate and expand the International Ship Repair Facility in Cochin. The collaboration aims to enhance India's ship repair capabilities and create new opportunities. This venture combines global expertise with strong domestic experience. It will strengthen Cochin's position as a key maritime services hub.
RVNL achieves 41st tunnel breakthrough in Rishikesh-Karnprayag rail project
Rail Vikas Nigam Limited achieved a significant breakthrough with Escape Tunnel 1 on the Rishikesh-Karnprayag rail line. This marks the forty-first tunnel breakthrough, completing the second-longest tunnel of the ambitious project. The tunnel construction navigated challenging Himalayan geological conditions and fault lines effectively. With forty-one breakthroughs now complete, the project progresses steadily towards its final goal. Remaining breakthroughs are anticipated within the next year, nearing project completion.
Andhra Pradesh has approved two dearness allowance revisions for state government employees, resulting in a total DA hike of 4.55% to be implemented from September 2026 salaries. Here's when arrears will be paid
Under the scheme, eligible farmers receive 6,000 every year in three instalments. The focus is now on the 24th instalment.
HDFC Bank sends two names to RBI for Jagdishans successor as MD & CEO
HDFC Bank's board has recommended two candidates for the next MD and CEO role. These proposed appointments are for a three-year term, pending regulatory approval. The bank also approved reappointment of V. Srinivasa Rangan as Executive Director. Jimmy Tata was also appointed as a Whole-time Director, subject to central bank approval. An additional Whole-time Director position will be created for improved oversight and succession planning.
Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wifes credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case.
Can being a loan guarantor affect your chances of getting a loan? Expert explains
Becoming a loan guarantor can affect your future loan eligibility, borrowing capacity and credit profile. Understand how a guaranteed loan may influence lender assessments and the key factors to check before signing a guarantee for someone else.
AstraZeneca's breast cancer drug fails in late-stage trial
AstraZeneca's breast cancer drug Etcamah did not meet its main goal in a late-stage trial. The drug showed only a numerical improvement when combined with palbociclib. This marks a setback for the recently approved treatment, which received accelerated approval. U.S.-listed shares of AstraZeneca experienced a decline in aftermarket trading. Trial data will be shared by the company in due course.
Food regulator directs Nilgiri Oil and Allied Industries, Aquagri to recall 2 products
Food regulator FSSAI has ordered immediate recalls of two products from the market. Nilgiri Oil and Allied Industries must recall its coriander powder due to pesticide residues. Aquagri Processing's carrageenan product is recalled for safety concerns regarding cadmium. Lab testing found both products unsafe and not conforming to standards. FSSAI has increased enforcement actions against food businesses recently.
Bank of Baroda's latest app bob World 2.0 to enable voice banking
NSC vs KVP: Compare maturity value, interest rates and investment periods for a 1 lakh Post Office investment. Find out which scheme offers higher returns, understand tax benefits and choose the option that suits your financial goals.
The PFRDA plans to introduce mobile-based pension accounts for informal workers, enabling contributions via UPI through an easy digital process utilising the e-Shram database for account setup. Details of the proposal here.
Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, remains available for Tax Year 2026-2027. Unused portions of the exemption limit can offset special-rate capital gains after normal income is accounted for. Non-residents, firms, and companies cannot claim this specific tax adjustment.
Karnataka RERA recently fined a builder 10 lakh for failing to deliver amenities as promised. Here's how aggrieved buyers can register complaints online through state portals.
1.09 crore sent from Kuwait to India: ITAT Ahmedabad grants partial relief in income tax notice case
An Indian working in Kuwait faced an income tax notice over 3.63 crore in reported financial holdings. ITAT Ahmedabad deleted a 5.52 lakh addition and ordered fresh verification of around 2.50 crore linked to HDFC Bank.
Grain-based feedstocks power nearly 70% of Indias ethanol supplies in 2025-26
Grain-based feedstocks now supply nearly seventy percent of India's ethanol. Maize and surplus FCI rice are leading grain contributors to this supply. Sugar-based feedstocks also provide a substantial and important share of ethanol. India's ethanol capacity is expanding, requiring new utilization avenues. Future uses include Flex-Fuel Vehicles and Sustainable Aviation Fuel.
Hawkins Cookers will launch a fixed deposit scheme on September 16, with interest rates up to 8% for a 36-month tenure. Check full details of the offering here.
Debt mutual fund flows turn negative at Rs 8,127 crore in August. What drove the outflows?
1st-floor owner refused to let water leakage repairmen inside flat; ground-floor owner files case; wins case in Maharashtra Co-operative Court; court upheld 50:50 cost-sharing arrangement. Know how ground floor owner won the case.
8th Pay Commission: Central government employees seek 5 MACP upgrades and promotional pay scales
8th Pay Commission: Central government employees unions seek five Modified Assured Career Progression (MACP) upgrades, shorter waiting periods and promotional pay scales. Here is what MSA, FNPO, NC-JCM and RSCWS have demanded and what the proposals could mean for employee salaries.
EPF money withdrawal: When can employees claim their provident fund amount in advance?
Employees may need to access retirement savings before leaving the workforce for emergencies. The EPFO permits partial withdrawals, known as EPF advances, with specific eligibility. Check details here.
Global agrochemical markets face ongoing pressure from weak farmer economics and intense competition. Channel inventories have largely returned to normal after remaining elevated during 2024-25. Indian manufacturers may benefit from recovering volumes and patent expiries. However, weak generic pricing and competition will constrain profit margins for these companies. Companies with low-cost manufacturing and differentiated formulations are better positioned for growth.
Explained: Want to build a corpus with a Rs 15,000 monthly SIP? Know Rule 15*15*30
According to the innovative Rule 15*15*30, an investment of Rs 15,000 each month for thirty years could lead to significant wealth accumulation via the benefits of compounding returns. With an anticipated annual return rate of fifteen percent, this financial strategy underscores the necessity of a disciplined and steady investment approach, setting a clear and achievable objective for individuals pursuing financial prosperity.
ChatGPT Prompts To Create IBPS RRB CRP-XV Study Plan 2026: Prepare for Banking Exam With AI
Use these ChatGPT prompts to create an IBPS RRB CRP-XV 2026 study plan. Prepare Quant, Reasoning, English, Banking Awareness and other sections with AI-powered study strategies.
Should you prepay your loan early? Expert weighs in on interest savings, EMIs and future borrowing
Should you prepay your loan early? Experts explain how prepayment can reduce interest costs and debt, why timely EMI payments matter more for credit scores, and what borrowers should check before using savings to close a loan early.
A minor's 1.17 crore interest income led to a 12.83 lakh penalty for his father. The tax officer denied a reduced rate under the India-UAE treaty and penalised for supposed under-reporting. Here's what happened next.
This marks the relaunch of China Southern's India service after a six-year suspension. Following the restart, the airline will run over 100 weekly flights across its eight round-trip routes in South Asia, the carrier said.
Vijay Deverakonda co-launches Unhype, a skincare brand
Unhype has been developed as a functional skincare line for young Indians, particularly the 18-30 age group, with products designed around real Indian skin, weather and everyday conditions. The brand focuses on simple routines, science-backed formulations, transparent claims and honest pricing.
Samsung may charge Apple $250 for each foldable iPhone display under reported three-year deal
Samsung Display will reportedly supply Apple's foldable iPhone inner screen. This exclusive three-year agreement includes subsequent models and costs $250 per panel. The complex folding display requires advanced technology and multiple layers for durability. This deal positions Samsung as a key partner in Apple's foldable market entry. The reported iPhone Duo is expected to launch at a high price point.
Nitin Gadkari at Global Fintech Fest 2026: Barrier-free tolling on highways to be rolled out by Feb
The Rishikesh-Karnaprayag rail project marked a remarkable construction achievement, as engineers hailed the completion of the first escape tunnel at Dhalwala. Spanning 10 kilometers, this tunnel connects Dhalwala to Neer Gaddu, furthering progress in the demanding mountainous project. With 22 out of 28 tunnels finished by Rail Vikas Nigam, this railway link promises to enhance Uttarakhand's transport facilities in steep terrains.
Bank holiday today: Are HDFC, ICICI and SBI branches closed on Saturday, September 12?
All bank branches in India are closed today due to the second Saturday of the month, but online services remain available. Details of upcoming bank holidays here.
Brand Growth Strategy 2026: How businesses can turn visibility into long-term influence
A strong brand story can lose impact if it reaches the audience only once. Businesses are increasingly looking at ways to extend important conversations across live, audio, and social formats.
Saturday bank holiday: Are banks open or closed this Saturday, September 12, 2026?
Banks in India observe closures on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, in accordance with the regulations established by the Reserve Bank of India (RBI).
Credit score 780, but home loan application rejected? Expert explains what lenders look for
Credit score 780 but home loan rejected? Experts explain why a high CIBIL score may not guarantee approval, covering income stability, existing EMIs, repayment capacity, property value and documentation that lenders assess before sanctioning a home loan.
Gulf oil threatened anew as Houthis reach key island and pipeline is shut down
The Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originating from Iraq temporarily disrupted Saudi Arabia's oil pipeline, intensifying the strain on Gulf oil exports during a period of stalled diplomatic negotiations. In response to this rising threat, Saudi Arabia has sought military support from Washington. The intensifying conflict is alarming global markets regarding energy supplies and pricing.
Houthis seize strategic Red Sea island, raising fresh threat to Saudi oil exports
Iran-backed Houthi rebels have captured Yemens Perim island in the Bab el-Mandeb Strait, according to officials from both sides, potentially tightening their grip on a crucial Red Sea shipping route. The development comes as Saudi Arabia relies more heavily on the corridor after the Iran conflict effectively closed the Strait of Hormuz.
AI, trauma, bionics: Indias top institutes join forces to develop medical care for soldiers
Top Indian health institutions are partnering with the Armed Forces Medical Services. These collaborations focus on developing advanced medical solutions for soldiers. Research areas include trauma care, infectious diseases, and digital health technologies. This initiative aims to address India's specific climatic and battlefield conditions. The government is expanding defense-oriented medical research for operational needs.
Ultraviolette sees Indian motorcycle market going 20% electric in 2-3 years
Ultraviolette Automotive anticipates electric motorcycles will capture twenty percent of India's market soon. The company is investing heavily in a new manufacturing facility in Tamil Nadu. This expansion will significantly increase production capacity for their electric vehicles. Ultraviolette plans to launch several new models, including more affordable options. The firm also aims to expand its presence into North and Latin American markets.
India says 'I do' as wedding boom sends hotel bookings soaring
Hotels are experiencing a significant increase in wedding bookings for upcoming seasons. Most prime dates at popular destinations are already reserved by planners. Enquiries and confirmed bookings are arriving four to six months in advance. Hoteliers anticipate double-digit revenue growth in the wedding segment. Spending on curated guest experiences and personalized decor is also rising.
Imported dialysis solution fails endotoxin test in Himachal; lab flags nine regulatory violations
A Himachal Pradesh government drug laboratory has declared two batches of an imported peritoneal dialysis solution Not of Standard Quality after they failed bacterial endotoxin tests. The report also flagged nine regulatory violations, including use of non-Indian pharmacopoeial standards, labelling deficiencies, missing safety warnings and inadequate importer details.
Non-grocery sections emerging as big business in quick commerce: Flipkart exec
Quick commerce platforms are expanding beyond groceries to include electronics and beauty products. Flipkart Minutes is focusing on non-grocery categories for the upcoming festive season. Industry estimates show non-grocery items now form a significant portion of quick commerce business. Flipkart Minutes plans to add more fulfillment centers to support this expansion. The company is improving its profit margins and aims for profitability through scale.
Tier-2 cities in India are leading digital credit and inclusion, with an average score of 58.64, ahead of Tier-1 and Tier-3 cities, the Digital Credit & Inclusion Index (DCII) 2026 by Pahl India Foundation and Amazon Pay found.
GAIL Gas employs blended pricing to keep industrial natural gas affordable. This strategy uses varied gas supplies and contractual flexibility to sustain demand. Global fuel prices have surged, impacting industrial and commercial customers significantly. Sales to industrial clients are currently ten percent below last year's levels. GAIL Gas's procurement portfolio aids in offering lower blended prices.
Russias Sberbank plans major India push, to build business hub
Sberbank CEO Herman Gref announced plans for new financial and technology infrastructure tools. The bank will establish the largest Russian business hub in India, expanding its presence. Sberbank has been developing its financial business in India for sixteen years. Money transfers between India and Russia now take only minutes, improving business opportunities. Two office buildings are under construction and will be commissioned in 2028.
IEA slashes oil demand forecast as prices surge
The International Energy Agency on Friday further reduced its forecast for global oil demand this year, citing the recent escalation in the Mideast war and resurgent energy prices. Ukrainian strikes on Russian refineries and other energy targets are also taking a toll, driving up global fuel prices that will lead consumers to reduce their purchases, the agency said.
Seeking five-day banking week, employees take out protest march, stage demonstration
Bank employees affiliated to the United Forum of Bank Unions took out a protest march and staged a demonstration in Hubballi on Friday, demanding introduction of a five-day banking week and urging the Centre to resolve their long-pending demands
Banking services hit as staff join nationwide strike to get 5-day work week
Education loans: Parent or student who should sign on the dotted line?
Unlike traditional consumer debt, education loans evaluate a candidate's future earning capacity rather than just existing income.
UP RERA approves 13 realty projects worth Rs 2,380 cr; Barabanki tops list
Uttar Pradesh RERA approved thirteen real estate projects valued at over Rs 2,380 crore. These projects will create 4,724 residential and commercial units across six districts. Barabanki received the highest investment while Lucknow saw the most units approved. Varanasi, Ghaziabad, Gautam Buddh Nagar, and Agra also received project approvals. The approvals aim to boost construction activity and economic growth within the state.
Today, we calculate the minimum amount you would need to invest in your / your child's PPF per month in order to successfully become a crorepati over the long run. Below is how the calculation works out for every 5-year delay:
Cochin Shipyard, DP World arm to develop and run Kochi ship repair facility
Cochin Shipyard Limited and Drydocks World will jointly operate the International Ship Repair Facility. This partnership aims to expand the facility to meet growing regional and global demand. The collaboration will create additional capacity for servicing a wider range of vessels. India aims to become a top shipbuilding nation by 2030 and 2047. This public-private partnership marks a significant step for India's ship repair sector.
Global yields surge: How they affect the Indian bond market and why domestic factors matter
Analysts believe domestic economic conditions remain the key factor determining the direction of Indian bond yields, rather than movements in global yields alone.
Numaligarh Refinery Limited will expand its capacity to nine million metric tonnes per annum. This significant expansion project is scheduled for completion by December 31, 2027. The company will prioritize meeting the surging demand within India's Northeast region. After stabilizing domestic operations, NRL will then explore overseas markets like Myanmar. This strategic approach ensures robust growth and market presence for the refinery.
Two merchant vessels collide off Gujarat coast; Indian Coast Guard rescues 21 crew members
Two merchant vessels collided off Gujarats Kandla coast, prompting the Indian Coast Guard to launch a rescue operation. The force said 21 of 24 crew members aboard MV KMAX EMPEROR were safely evacuated following the collision with MV TRUE MARINER at the outer anchorage. Further details are awaited.
SBI developing solution to use UPI data for checking creditworthiness of small biz
State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the formal finance sector. UPI transactions will serve as a proxy for sales data in loan assessments.
Bank of India mobilises $2.33 billion via FCNR(B), enough to meet one-quarter lending needs: CEO
Bank of India secured USD 2.33 billion through FCNR(B) deposits, replacing bulk funding sources. This mobilization will meet approximately three months of the bank's lending requirements. The Reserve Bank of India announced this special deposit scheme to strengthen liquidity positions. Banks are diversifying their deposit bases amid increasing credit demand from customers. The bank will maintain its 15-17 percent credit growth target for the year.
Bank deposits grow 17.8% in August, fastest in decade as FCNR-B inflows mask local mobilisation woes
Bank deposits grew 17.8% year-on-year at the end of August, the fastest pace in a decade, driven largely by a surge in FCNR-B deposits after the RBI opened a special window for dollar inflows. Credit growth eased slightly to 19.1%, while banks continued to face challenges in mobilising domestic savings.
Indradhanush Gas Grid clocks Rs 632 crore capex in FY26, project progress reaches 88.6%
Indradhanush Gas Grid Limited incurred Rs 632 crore in capital expenditure during FY26, taking cumulative spending to Rs 6,878 crore, as physical progress on the Northeast Gas Grid reached 88.63%. The company also moved into commercial operations, commissioned key pipelines and supplied natural gas to Nagaland through the national grid.
Banking operations affected in Puducherry
20,000 extra every month: Why paying off your personal loan first may win over an SIP
With a 20,000 monthly raise, borrowers must choose between repaying a personal loan or investing in mutual funds. Clearing a high-interest loan first can save more in interest and result in a larger investment corpus compared to investing the entire amount monthly.
The regulator flagged several shortcomings in the sale, including failures related to product suitability, solicitation, disclosures and the insurers internal controls.
New problem shaping up for the oil market as Hormuz remains shut
Houthi forces have seized Perim Island, threatening the vital Bab el-Mandeb Strait shipping lane. This development occurs as the Strait of Hormuz faces severe disruptions, impacting global oil flows. Saudi Arabia increasingly relies on the Red Sea route, which is now at risk from these advances. Higher oil and diesel prices reflect the growing strain on the global energy system.
A consumer court ordered the EPFO to pay 6% interest for a 35-day delay in settling a PF claim over 14 lakh. The EPFO was found guilty of service deficiency, failing to meet the 20-day processing deadline as required by the EPF Scheme, 1952.
Cars24 experienced a robust growth trajectory in August, showcasing a striking 37 percent year-on-year rise in GMV. Notably, the adjusted net revenue surpassed GMV growth, showcasing operational enhancements and profitability gains. Furthermore, the financing division excelled, disbursing 415 crore in loans. The utilization of AI has proven pivotal, elevating revenue per FTE by more than 52 percent.
Bank employees strike for five-day banking week
MahaRERA orders developer to refund homebuyers: 7 checks to make before booking a flat
A MahaRERA ruling highlights the risks of buying a flat without verifying construction approvals. Here are 7 key checks homebuyers should make, including the Commencement Certificate, sanctioned plans, RERA records, payment trail and written promises.
Marking National Engineers Day, Methods Indias Jacob Jose unpacks Indo-Japanese synergies, heavy engineering breakthroughs, and why the ultimate test for modern builders is creating solutions that serve humanity.
In talks with Putin, Modi raises safety of Indians in Black Sea
Prime Minister Narendra Modi and Russian President Vladimir Putin discussed the safety of Indian seafarers in the Black Sea and Indias readiness to support peace efforts in the Ukraine conflict. The two leaders agreed to target $100 billion in annual bilateral trade by 2030 and deepen cooperation across defence, energy and other sectors.
Allied Blenders plans foray into single malt whisky, to invest Rs 115 crore
Allied Blenders and Distillers Ltd will invest Rs 115 crore in a new malt distillery. This facility in Aurangabad will produce single malt whisky and is expected by FY28. The company also approved Rs 10 crore for ongoing projects. These funds address cost overruns and minor expansions for bottling lines. This move strengthens ABDL's premium spirits portfolio significantly.
From zero-balance to 5,000: SBI says Jan Dhan customers are graduating into mainstream banking
The shift comes against the backdrop of nearly 590 million PMJDY accounts , more than 54% per cent of which are held by women, with a large proportion of customers coming from Tier-3 tier 3 and tier 4 Tier-4 areas, according Rama Mohan Rao Amara, while speaking at the Global Fintech Fest 2026 in Mumbai on Friday
8th Pay Commission: How much salary hike will a 1.83 or 2.0 fitment factor give you?
Pensioners' body AIFPA has demanded a 3.83 fitment factor from the 8th Pay Commission, the highest proposed so far, though experts peg the realistic range at 1.83 to 2.57, a hike that could raise central govt pay and pensions by 20-80%.
Banks shut for four consecutive days: Check dates and ways to complete urgent banking work
A nationwide bank strike and weekend closures may disrupt branch services, but customers can continue transactions through UPI, net banking, ATMs and other digital channels safely.
The ruling does not invalidate every income tax reassessment proceeding. The crucial question remains whether the notice was issued in accordance with the prescribed statutory procedure and whether the requirements relating to faceless assessment were followed.
DA news update: Punjab government employees called off their pen-down strike after the state assured that no disciplinary action would be taken against those who participated in the mass leave protest on 27 August.
8th Pay Commission: A pensioners body has sought a 3.83 fitment factor and a minimum basic pay of 69,000. Here is how the demand compares with the 7th Pay Commission and what employees and pensioners should know about the proposed salary revision.
Five mid-cap mutual funds delivered annualised returns above 20% over three years through September 2, 2026. HSBC Midcap Fund led with 24.1%, followed by Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap Fund.
9 equity mutual fund categories attract inflows in August; small caps remain investor favourite
Among the 11 sub-categories, smallcaps received the highest inflows of Rs 7,973 crore in August
LG Electronics India in Jefferies pole position; bull case points to 21% upside
Jefferies retains a Buy rating on LG Electronics India with a Rs 1,895 target and sees Rs 2,000 in its bull case. Growth could come from premiumisation, exports, B2B expansion, higher in-house production and Sri City capacity expansion over time.
Two months of red: Large-cap outflows deepen after 6-month inflow streak what should investors do?
Large-cap mutual funds saw 1,147 crore in outflows in August 2026, despite previous inflows. Rising mid- and small-cap investments suggest a shift in investor preference. Here's what investors should make of the divergence.
ET Alpha Wealth Summit 2.0: How are India's family offices investing in 2026?
At ET Alpha Wealth Summit 2.0, experts will explore how Indias family offices are reshaping their investment strategies in 2026. From private credit, venture debt and co-investments to global opportunities, family offices are broadening beyond traditional assets while focusing on diversification, capital preservation, liquidity and long-term, multi-generational wealth creation.
Banking services disrupted nationwide as employees demand five-day workweek and wage resolution
10 Nifty stocks that fell up to 40% from their yearly peaks
Several Nifty 50 stocks have fallen sharply from their 52-week highs, with Infosys, ITC and Wipro among the biggest decliners, shedding up to 40% from their yearly peaks amid heightened market volatility.
Need 2 lakh urgently? Here's what experts say is cheaper: Personal loan, savings or credit card
Facing an urgent 2 lakh need? Experts say using savings is usually cheapest, personal loans suit structured repayment, while credit card balances can cost 24%+ annually, turning a 1 lakh outstanding into nearly 40,000 in interest.
