29 C 
GAIL opposes IGX platform for LNG terminal capacity booking
India's top gas marketer GAIL opposes a new platform for booking LNG terminal capacity. GAIL states this platform will add costs for consumers without significant value. The company believes existing frameworks do not require a separate booking platform. High global LNG prices already pressure downstream natural gas consumers. Much of India's LNG regasification capacity remains underutilised currently.
Disney's losses from Reliance JV down to $44 million in June quarter
Walt Disney's Indian joint venture with Reliance Industries saw losses narrow significantly in the recent quarter. The combined entity, JioStar, reported a sharp turnaround in profitability during the last fiscal year. Revenue from operations for JioStar increased substantially, reflecting strong business growth. This improvement in Disney's investment tracks the venture's enhanced financial performance. JioStar also reduced its provision for onerous sports contracts, indicating better financial management.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger deposit growth and are gaining market share. This trend raises concerns about funding sustainability for state-owned lenders. Abundant system liquidity currently cushions the impact of these shifts.
Fire insurance premiums fall 28% in Q1 amid deep discounting
Fire insurance premiums dropped significantly in the first four months of the financial year. Aggressive discounting on large industrial risks pressured insurers competing for corporate accounts. The regulator received complaints of steep discounts, raising financial health concerns. Major insurers like New India Assurance and ICICI Lombard saw premium reductions. Pricing for industrial fire risks must now follow sound actuarial principles.
Tata Power loses challenge to $490 million arbitration award
Tata Power's challenge to a $490 million arbitration award was rejected by Singapore's court. The court upheld damages awarded to Kleros Capital Partners regarding a Russian coal asset bid. Disagreements over leadership and ownership soured the partnership in 2015. Kleros alleged Tata Power misused confidential information and acted in bad faith. The company must now pay Kleros' legal costs, which are yet to be determined.
Gaja listing marks PE industry's institutionalisation: Gopal Jain
Gaja Alternative Asset Management's listing marks a significant step for the industry. The company is the first pure-play PE asset manager to list domestically. This listing allows retail investors indirect access to private equity investments. Gaja Alternative has committed capital of 3,200 crore as of March 31, 2026. The company raised 550 crore through its initial public offering.
Bharat Petroleum Corporation Limited is expanding its e-commerce operations. The company plans to deliver groceries along with LPG cylinders to customers. BPCL aims to capture digital transactions by launching its own payment gateway. Its existing retail network and LPG distributorships will be utilized for this venture. Pilot projects are underway in Maharashtra and Uttar Pradesh.
Mid-cap and small-cap funds offer different risk-return profiles, but how do they compare on alpha? Heres a look at benchmark-adjusted performance, negative alpha across schemes, and broader category trends.
JSW MG seeks PHEV tax incentives, targets 70% localisation by 2027
JSW MG Motor India is pushing for lower taxes on plug-in hybrid electric vehicles. The company targets 70% localization for its Windsor and Hector Tomahawk models. Discussions are underway for the next investment phase with Chinese partner SAIC. JSW MG plans to increase its annual vehicle sales significantly in the coming years. The automaker aims to expand its production capacity beyond current plans.
Onion supply comfortable to meet domestic demand in coming months: Govt
Government assures ample onion supply for upcoming months. Robust production and buffer stocks support domestic demand. Targeted market interventions aim to stabilize seasonal price pressures. Onion exports remain strong to several key destinations. Prices of other essential vegetables and pulses are also stable.
Hybrid funds offer exposure to multiple asset classes through a single scheme. But how have different hybrid fund categories performed? Heres a look at the top and bottom performers based on 3-year SIP returns.
Japanese textile firms, including Uniqlo, eye higher investment, sourcing from India: Goyal
Japanese textile firms, including Uniqlo, are considering expanding their investments in India. They also plan to source more products from India for their global markets. Minister Piyush Goyal met with Uniqlo's CEO to discuss retail and manufacturing collaborations. Indian businesses are showing interest in meeting Japan's high-quality material and sizing requirements. This engagement signals significant growth opportunities for brands in India.
Unexplained income: What it means, how it is taxed and what changed under Income Tax Act, 2025
Unexplained income can attract a steep tax burden. But the new Income Tax Act, 2025 changes the rules for voluntary disclosure and tax department detection. Heres what unexplained income means, how it is taxed, and what taxpayers need to know.
JSW MG Motor India plans Rs 6,000 cr investment for capacity expansion, operations
JSW MG Motor India will invest Rs 6,000 crore for plant expansion and operations. The Halol plant capacity will double to 2.20 lakh units by January 2028. Discussions continue regarding JSW Group's potential acquisition of an additional stake. The company aims for 35-40 percent annual volume growth in coming years. MG Motor India is commissioning cell-to-pack assembly lines for battery storage.
Godrej opens Asias largest soap factory in Madhya Pradesh
Godrej Consumer Products inaugurated its new unit in Malanpur, which is now Asia's largest soap factory. This facility, costing over Rs 450 crore, will produce 4,000 soaps every minute. The Chief Minister highlighted Madhya Pradesh's successful implementation of investment MoUs. He also noted the state's increased foreign export potential reaching Rs 76,000 crore. Godrej expressed readiness to work towards malaria-free status by 2030.
Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra plan
The insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore claims. This represents a nearly 99.97 per cent haircut for the financial institutions. The tribunal rejected objections from dissenting creditors regarding the meagre payout. The approved plan is now binding on all creditors as per the IBC.
Government directs CEA to prepare roadmap to phase out import of critical power systems by 2030
India is focused on eliminating imported SCADA systems by 2030, with the Central Electricity Authority actively developing a comprehensive roadmap for this essential infrastructure. This initiative seeks to bolster self-reliance and enhance the cyber-resilience of the nations power grid. By reducing reliance on foreign technology, the government aims to secure national energy interests and foster the growth of local SCADA capacities for utility providers.
Wrong ITR form filed by 31 July: Should you submit a fresh ITR-3 by August-end or revise it later?
ITR-3 and ITR-4 filing deadline is 31 August for AY 2026-27. Salaried individuals may need these forms due to certain types of income. But if you filed ITR-1 or ITR-2 by mistake, should you file a fresh return now? Find out here.
Indian Railways working to four-track 11,000 km of 7 high-density routes: Vaishnaw
India's seven high-density rail routes are being expanded to four tracks. These routes carry forty-one percent of total railway traffic across the nation. The expansion aims to increase passenger and freight carrying capacity significantly. This initiative supports growing movement of people and goods nationwide. It also promotes cleaner mobility and lower transport costs.
US, UAE, Singapore tourists can now pay Indian shops using their home payment apps: How it works
Foreign tourists in India can now use their home country payment apps at local shops without needing a bank account.
What is a fun fund? Inside Gen-Z's new experience-first economy and budget playbook
Gen Z has coined a new category in discretionary spending with 'fun funds'. Opting for experiences over planned purchases, the younger generation is inclined to splurge on art exhibitions, travel, workshops, concerts, and more.
Media measurement must shift from outputs to business outcomes: WPPs Navin Khemka
Traditional media metrics alone do not guarantee business growth today. Brands must complement these with business metrics like lifetime value and loyalty. Attribution remains a challenge for marketers determining campaign impact accurately. India's advertising market is projected to grow despite economic pressures. WPP offers integrated solutions for understanding audiences and measuring impact.
Indian bullet train costs below global benchmarks: Official estimates
India's Mumbai-Ahmedabad high-speed rail corridor costs are significantly lower than comparable international projects. Officials state the project's per-kilometer cost is around Rs 390 crore, much less than others. Domestic suppliers and internal accruals are helping manage costs, avoiding new loans. Indigenous bullet trains will be tested by mid-2027, with commercial operations starting soon after.
Be the tax hero who files on time: I-T department reminds taxpayers of August 31 ITR deadline
Taxpayers with business income face an August 31 deadline to file income tax returns for AY 2026-27. Over 6.5 crore returns, including 5.9 crore filed by July 31, have been recorded. Non-audit taxpayers can use ITR-3, ITR-4, ITR-5, ITR-6, or ITR-7 forms.
Selling property in India as an NRI? Know these special tax rules, TAN requirements
NRIs face special tax rules when selling property in India that differ from those for residents. TDS rates vary by capital gains type. Buyers must ensure proof of TAN acquisition and TDS payment for registration.
The e-Shram portal completes five years today, with over 31.89 crore registrations. Heres what workers should know about e-Shram eligibility, benefits, registration process and fees, and whether the card offers any direct financial assistance.
100 now costs 2.1 million Iranian rials: Heres what it can buy in Tehran
The Iranian rial has plummeted to over 2 million rials per dollar amid harsh US sanctions and the ongoing Iran-Israel conflict.
At just 17, Aditya Bansal had no degree or professional portfolio, but Raj Shamani decided to give him an opportunity.
Can I add all my children as nominees for my bank accounts and locker, and do I still need a will?
Until recently, families faced a frustrating, decades-old hurdle: the single-nominee limit. The Banking Laws (Amendment) Act, 2025, which came into force on 1 November 2025, changed that.
Lord's Mark Industries Limited is making a strategic move into the Caribbean by forming a partnership that will set up pathology laboratories and promote the commercialization of medical devices. Supported entirely by ARKALL Holdings Limited, this expansion will begin in Trinidad & Tobago, followed by other regions. The companies expect this initiative to yield substantial export revenue in the coming ten years.
Find your ITR deadline: Upcoming income tax filing dates for non-audit and corporate filers in 2026
The 31 July ITR deadline for AY 2026-27 has passed, but taxpayers in other categories have more time. Key deadlines are 31 August for non-audit cases, 31 October for audit cases, 30 November for transfer pricing cases and 31 December for belated returns.
Why the Supreme Courts motor insurance judgment is a landmark
The Supreme Courts motor-insurance ruling goes beyond one familys 10 lakh claim, exposing Indias 56% uninsured-vehicle gap and highlighting why enforcement and consumer awareness must work together.
Naming a nominee for mutual funds, shares or demat investments does not automatically make them the final owner after your death. Legal heirs can still claim their share, while a valid Will generally determines who ultimately inherits the investment.
Top FD interest rates in India: Check fixed deposit returns of DCB Bank, YES Bank, RBL Bank and more
A comparison of fixed-deposit rates from 16 Indian banks covering five maturity categories up to 1 crore is provided, detailing rates as of 24 August 2026.
Is updated ITR more economical than FAST-DS for past foreign income
The Foreign Assets of Small TaxpayersDisclosure Scheme, 2026, provides a clean route with full prosecution immunity to disclose overseas holdings, but it imposes an effective 60% penalty levy on undisclosed amounts.
Freelancers and professionals filing their ITR by the August 31 deadline should avoid mistakes around ITR-3/ITR-4 selection, presumptive taxation, TDS and AIS reconciliation. Experts explain what taxpayers should check before filing and after submitting the return to avoid tax complications.
New-age health covers allows couples to get covered well before pregnancy and better align insurance with their family plans
Nestle backs stricter food labelling norms, says transparency key for consumers
Nestles global CEO Philipp Navratil has backed FSSAIs tighter food-labelling scrutiny and supported front-of-pack disclosures, saying consumers should know what they eat. He said such rules should be scientifically designed, balanced and based on portion sizes and global best practices.
NFO Alert: ICICI Prudential Mutual Fund to launch 3 life cycle funds
ICICI Prudential Mutual Fund has launched three open-ended life cycle funds with five-, 10- and 15-year horizons. The schemes use a glide-path strategy, starting with higher equity exposure that gradually shifts towards debt as maturity approaches. The NFOs Life Cycle Fund 2031, 2036 and 2041 are open for subscription and will close on September 9.
The FAST-DS scheme allows small taxpayers to disclose foreign assets and income until December 31, 2026. Affected taxpayers must pay an additional levy based on asset category, which varies significantly between undisclosed and already-taxed foreign assets.
India sets its sights on becoming a frontrunner in innovation within the life sciences arena. The Bharat Life Sciences Award 2026 aims to honor exceptional scientific achievements while promoting teamwork. With leaders gathering to enhance manufacturing and drug discovery capabilities, discussions will delve into topics like AI-driven discovery and cutting-edge vaccine technologies, ultimately aiming to define the future of India's life sciences landscape.
IICT, Netflix announce scholarships for 100 students across six creative programmes
The Indian Institute of Creative Technologies and Netflix are offering scholarships to one hundred students. These scholarships provide up to eighty percent financial support for six professional creative programs. This initiative aims to strengthen India's creative talent pipeline and its AVGC sector. The collaboration follows Prime Minister Modi's meeting with Netflix Co-CEO Ted Sarandos. Industry perspectives are now integrated into academic frameworks and curriculum design.
L&T partners French firm to sell road equipment
Hector Tomahawk EV out : Check price & features
Gold rate today: Check latest 22k, 24k prices
Midcap emerges as strong SIP option with 17.59% average 10-year return: WhiteOak Capital
Investing in midcap SIPs has proven to be beneficial, boasting an impressive average return of 17.59% over the past decade. This investment category has consistently provided positive returns, showing stability over time. Unlike frequent switching between market caps, which failed to improve long-term gains, gradually increasing SIP contributions can achieve accelerated wealth accumulation. Moreover, the likelihood of securing positive returns rises with lengthening investment durations.
Bikaji puts new baker in the kitchen with 30% stake
Fuel cools, but India flights may stay costly
Top 5 SIFs return up to 21% in 6 months; QSIF Equity Ex-Top 100 Long-Short leads
Indiabulls Limited signs Rs 3,700 crore development deal for Gurugram residential project
Indiabulls Limited will manage a new residential project on Gurugram's Dwarka Expressway. This development spans over ten acres and has a Gross Development Value of Rs 3,700 crore. The project is slated for launch by mid-October 2026, targeting festive season demand. This agreement enhances Indiabulls' project pipeline and market participation in the region. The company expects this model to be replicated in other major Indian cities.
Hey AI! India's shoppers have a new shopping buddy
Gabriel India bets big on cars that drive themselves
HDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis points. Federal Bank has also adjusted its interest rates for fixed deposits applicable to all clients. This revision ensures that senior citizens benefit from improved returns. Both banks are now providing competitive rates across select tenures, making savings more rewarding.
Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensive
Hyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, the automaker plans to unveil twenty-six new models along with an increase in production capacity. By diversifying its hybrid and extended-range electric vehicle lineup, Hyundai seeks to position India as its second-largest global hub, responding to a dynamic market landscape.
More Airbnb homes, less money? Why Indian hosts are losing their rental premium
Airbnb once promised Indian homeowners significantly higher returns than conventional rentals. But a surge in listings, falling nightly rates and rising operating costs are forcing hosts to rethink the short-term rental model.
Investing a lump sum each year in a Public Provident Fund (PPF) results in a significantly higher corpus than making monthly contributions. Over a span of fifteen years, a yearly investment of Rs 1.2 lakh can grow to yield nearly Rs 99,000 more compared to the monthly deposit method. Plus, PPF provides tax advantages at three different stages, with the current interest rate standing at 7.1 percent per annum.
Edelweiss Mutual Fund is set to unveil its third Specialised Investment Fund strategy, which targets large-cap equities alongside income-focused derivatives. This innovative approach is designed to deliver steady alpha for investors looking to enhance their core portfolios. By integrating large-cap exposure with income-generating elements, this fund aims to meet diverse investment needs. Subscriptions for this fund kick off on September tenth.
7 debit cards for free airport lounge access: Check fees, visits and eligibility
Indias 7L cr market shifts as gold prices shoot
Indian mutual fund investors have increasingly favoured small-cap funds in recent years, whereas large-cap funds have not seen the same pace of growth. What does this indicate about Indian investors' allocation behaviour? Experts explain
AI skills beyond coding: How non-tech professionals are joining the AI race
AI is becoming a mainstream workplace skill beyond coding and technical roles. Professionals in marketing, finance, HR, sales and operations are using AI for research, writing, analysis and repetitive tasks. Experts say effective AI adoption requires domain knowledge, responsible use, human judgement and continuous learning, rather than simply mastering prompts or tools.
The ITAT Delhi has deleted 2.25 crore in Black Money Act additions against a Delhi couple over foreign company and bank account transactions in Singapore and the British Virgin Islands. The tribunal found that the major credits were backed by loans and deleted the remaining commission addition.
Kriti Sanon's Rakhi ad pulled by jewellery brand GIVA after controversy
After encountering criticism, GIVA has pulled its Raksha Bandhan ad featuring Kriti Sanon in an Indo-Western ensemble. Some users voiced concerns about the fashion choice during this festive time. The brand said that there was no intention to disrespect sentiments.
Indian refiners widen oil search as attacks hurt Russian flows
The shift in Indian processors buying patterns coincides with an expected increase in nationwide demand as a spate of plant maintenance comes to an end, enabling refiners to boost run rates and step up production
Piramal Alternatives invests Rs 215 crore in Kolors Healthcare
Kolors plans to use the latest capital infusion to strengthen its regional footprint while expanding into additional segments of the wellness and preventive healthcare market. The company also plans to implement its Kolors 2.0 initiative, which involves a broader transformation of its centres and operations.
boAt reports 38% profit growth to Rs 84.5 crore in FY26, wearables drive success
Peripherals firm boAt reported a 38% profit increase for fiscal year 2025-26. Higher demand for wearables significantly boosted the company's financial performance. Profit from peripherals also rose substantially, contributing to overall growth. The company ended the year with strong cash reserves and no bank debt. boAt's parent company, Imagine Marketing, has received approval for an upcoming initial public offering.
Railways new upgrade may end booking woes
Indian refiners widen oil hunt as Russian flows hurt
How NRIs split foreign and Indian income across NRE and NRO accounts
Non-Resident Indians utilize NRE accounts to facilitate smooth transfer of their overseas income. For income earned within India, they commonly rely on NRO accounts. Many opt to hold both types of accounts to distinctly manage their finances. This distinction enhances clarity and simplifies record-keeping across various income sources, allowing NRIs to streamline their banking experiences effectively.
Sidbi net profit rises 14pc to record Rs 5,493 crore in FY26
Sidbi achieved a record net profit of Rs 5,493 crore in FY26. Its balance sheet and asset base saw significant growth during the financial year. Loans and advances increased by seventeen percent, reflecting strong business expansion. The bank maintained stable asset quality with a low gross NPA ratio. Sidbi also approved a twenty percent dividend for its shareholders for FY25.
August Energy, Energeia partner to create $100 million energy-efficiency platform in India
August Energy and Energeia launch a $100 million platform for Indian businesses. This initiative focuses on decarbonisation without upfront capital investment for customers. The platform will primarily offer cooling-as-a-service and other energy system upgrades. It aims to help energy-intensive sectors improve efficiency and reduce costs. This partnership will enable scalable infrastructure for institutional investors.
The cost of the Mumbai-Ahmedabad bullet train project has nearly doubled to Rs 2.1 lakh crore. The revised estimate was presented to the Cabinet for approval on Tuesday. Delays in land acquisition and the procurement of train sets have contributed to the significant cost escalation. The entire corridor is now expected to be completed by 2030, while a portion of the high-speed rail network is scheduled to become operational in August 2027.
Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law says
Severance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
Why is scrapping ships in Bangladesh so deadly?
Ship scrapping in Bangladesh is labor-intensive and hazardous work for thousands. International safety rules exist, but weak enforcement causes deadly accidents. A recent toxic gas leak killed ten workers, highlighting implementation gaps. While some blame worker negligence, unions point to company and agency failures. Improved monitoring and automation are needed to protect workers and the environment.
Suzlon secures 250 MW order from Torrent Green Energy
The wind turbine maker will supply 76 S144 generators and provide grid integration and long-term maintenance services.
Couple wins Rs 2.25 crore black money case in ITAT
45 ships blacklisted: Indian oil firms back off
Memories over materialism: Gen Zs experiential spending goes beyond mall visits
Fun funds are flowing directly into creative, out-of-the-box immersive, memory-making experiences such as niche art exhibitions, specialized workshops, unique hobbies, and more.
Health insurance calculator: How much cover do you need by age, city and family size?
The NCDRC has upheld ICICI Prudential Life Insurances rejection of a home loan insurance claim after finding that the deceased borrower had suppressed material medical information. The case highlights why borrowers must accurately disclose pre-existing illnesses and medical history.
Profits from stock trading can be classified as capital gains or business income for tax purposes, impacting ITR filing deadlines. Here's when they are classified as business income.
A 42-year-old PSU bank chief manager, who recently welcomed twins, sought a review of his familys financial portfolio. With around 18 years to retirement, the couple has investments across mutual funds, fixed deposits, NPS and PPF, along with home and car loans. The key priorities are building a retirement corpus, funding their childrens education and marriage, and ensuring adequate financial protection.
GMR Hyderabad airport to levy revised aeronautical charges from Sept 1
Starting on September 1, 2026, GMR Hyderabad International Airport will implement new aeronautical charges, mandated by the Airports Economic Regulatory Authority of India. This change marks the beginning of the airport's fourth control period, which is set for five years, running from April 1, 2026, until March 31, 2031, officially disclosed following SEBI's listing regulations.
Best medium to long duration funds to invest in August 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.
Hyundai, Kia, Tata & more: Know the difference between connected cars & software-defined vehicles
Adani Energy Solutions wins Rs 4,700 crore Maharashtra transmission project
Adani Energy Solutions secured a Maharashtra transmission project valued at Rs 4,700 crore. This project will support renewable energy evacuation and pumped storage facilities. It involves building new transmission lines and substations to enhance grid capacity. The project is scheduled for completion within thirty-six months. This development strengthens Adani Energy Solutions' transmission order book significantly.
79 lakh more at retirement? How a small monthly VPF contribution can boost your retirement corpus
Voluntary Provident Fund offers a stable retirement savings avenue for salaried employees. Additional VPF contributions can significantly grow a retirement corpus over time. However, VPF funds are not easily accessible, unlike regular savings accounts. Investors should prioritize emergency funds and clear expensive debt before contributing. VPF serves as a locked-in retirement asset within the broader EPF structure.
NPS retirement income: 5 types of annuity; which one is right for you?
Wipro Share Price Live Updates: Wipro's Current Market Position
Delhi Lakshmi Yojana: 4,000 women to get sanction letters on August 26, 2,500 aid from September 1
Around 9.13 lakh women have registered for the Delhi Lakshmi Yojana, with 6.52 lakh applications finally submitted. The Delhi government is formally launching the scheme on August 26, with sanction letters being handed over to around 4,000 eligible women.
