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JPMorgan expects investment banking, trading to shine in third quarter
JP MORGAN-INVESTMENT BANKING/ (PIX):JPMorgan expects investment banking, trading to shine in third quarter
More households are moving up the income ladder: How India's wealth pyramid could change by FY31
Indias income pyramid is shifting rapidly, with millions of households moving into higher-income brackets. As earnings rise, spending patterns, savings, and investment behaviour are also changing.
Consumer watchdog steps up probe into Apple on iOs 18 software update issues
Consumer watchdog investigates Apple for potential iOS 18 user rights violations. This probe follows numerous complaints regarding device malfunctions after the software update. The authority also imposed a significant penalty on ride-hailing platform Rapido. Rapido was fined for employing misleading interface designs and dark patterns. These practices were found to steer customers towards higher payments for rides.
Mobiles phones with low specs make a comeback in premium market
Entry-level smartphones with 2GB or 3GB RAM are making a comeback. Brands like Itel and Lava are targeting this segment with new models. Major brands have shifted focus to premium phones, leaving a market gap. Shipments in this segment have significantly declined due to rising costs. However, demand for budget phones remains strong, especially in smaller towns.
Air India Board clears all decks as new chief Tewolde Gebremariam enters the cockpit
Air India's board met to discuss operational priorities and remuneration for incoming CEO Tewolde Gebremariam. Outgoing CEO Campbell Wilson presented the airline's current operational position and progress made. Chairman N Chandrasekaran outlined expectations for the new leadership's focus on reliability and execution. Gebremariam will now lead the airline's demanding turnaround stage and integration efforts. The board also acknowledged Wilson's contributions to Air India's transformational journey.
Centre rap pushes BHEL to diversify beyond thermal
Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build growth in non-thermal sectors as the power industry evolves.
AI could disrupt traditional entertainment studio model as production costs fall
Artificial intelligence is revolutionizing the landscape of entertainment production, offering creators remarkable cost savings. Smaller production companies can now bring projects to life while maintaining their intellectual property rights. With generative AI at the forefront, content creation in areas like audio and microdramas is already gaining momentum. This shift is predicted to ripple across film and high-quality scripted series, leading to significant growth in innovation and content output.
Flipkart plans to hire 250,000 workers to meet festive blitz
Flipkart plans to hire over 250,000 workers for the upcoming festive season. This significant recruitment drive will increase last-mile delivery positions by 60 percent. Approximately 75,000 new workers will be entering the workforce for the first time. The company is expanding its delivery network with new hubs and employment opportunities. This expansion aims to meet rising customer demand during the Big Billion Days event.
Benjamin Grahams The Intelligent Investor advises on understanding investments through careful examination. Check out these 5 simple money lessons from the celebrated book.
Government clarifies credit card-linked UPI payments exempt from 0.4% fee
The clarification comes ahead of the revised UPI fee structure, which is scheduled to take effect from October 15. Under the new framework, a 0.4% MDR will be applicable to certain direct account-to-merchant-account UPI payments above 2,000, with the fee capped at 300 per transaction
Mutual fund investors cannot always rely on a schemes category to determine capital gains tax. The actual portfolio allocation and tax classification can change the holding-period threshold and tax rate. Heres what investors should check before redeeming.
NPS Vatsalya: Rules for withdrawal and exit from scheme, explained
National pension scheme: The NPS Vatsalya Scheme allows children below 18 years to partially withdraw funds from their accounts under certain circumstances. We take a look at the process and how it works
Large & mid-cap funds offer investors a single-fund route to large and mid-cap stocks. But how do their returns compare with pure large-cap and mid-cap funds, and what does their portfolio allocation reveal about the differences?
RBI backs MDR on large-value UPI transactions, says could help expand UPI acceptance
The Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability of India's digital payments ecosystem. New provisions will apply MDR to person-to-merchant transactions exceeding two thousand rupees. Person-to-person transactions and smaller merchant payments will remain free of charge.
UPI MDR seen as sustenance fee, not windfall; small merchants remain shielded
A new merchant discount rate will fund UPI's expanding infrastructure costs. Large value person-to-merchant transactions above two thousand rupees will incur a fee. This framework shields small merchants and everyday consumer transactions from charges. The revenue distribution aims to support issuing banks and payment applications. This policy seeks to ensure UPI's long-term financial sustainability and accessibility.
India bond yields above 7%: Why debt fund investors may find a sweet spot in the 35 year segment
Indian bond yields have crossed 7%, raising the question of where debt investors should look. Axis MF favours the 35-year segment, particularly high-quality corporate bonds and select SDLs, while remaining cautious on long-duration debt amid oil, inflation, and global rate risks.
Apple under scrutiny: India's consumer protection body steps up probe over iOS 18 related complaints
The Central Consumer Protection Authority has begun a detailed investigation into Apple's iPhone technical issues. This action follows a year of ongoing complaints from users after the iOS 18 update. A recent survey shows increased iPhone user complaints, which will aid the authority's probe. LocalCircles advocates for a class action, noting users await a proper fix.
Customs duty hike impact: Gold imports contract to USD 2.3 billion in August
Indias gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the month. However, during the April-August period, cumulative gold imports increased, whereas silver imports declined. Switzerland remained the largest source of gold imports, accounting for a significant share.
The commission's three-day visit to Chandigarh from September 16-18 will focus on employee and pensioner issues. Here's a look at what's on the agenda for meetings with representatives from Punjab, Haryana, Himachal Pradesh and the UT of Chandigarh.
AU Small Finance Bank bolsters leadership ahead of universal bank transition
AU Small Finance Bank appointed two new senior executives to its leadership team. Anil Agarwal and Amol Padhye joined the bank as part of its strategic expansion. These appointments precede the bank's planned transition into a universal bank. AU received in-principle approval from the Reserve Bank of India. The bank must complete this significant transition within eighteen months.
Northern Railway has introduced an OTP-based digital luggage locker system at four major railway stations in Delhi, allowing passengers to store and retrieve their luggage independently and securely without assistance from railway staff. The facility is currently operational at New Delhi and Hazrat Nizamuddin stations, while Anand Vihar Terminal and Delhi Junction will become operational shortly. Passengers can use their mobile numbers for OTP verification, making the process of storing and collecting luggage convenient and hassle-free.
NPCI releases MDR framework for UPI transactions Here's what changes for merchant payments
UPI will remain free for all person-to-person transactions, merchant payments up to 2,000, and for small merchants, as per the NPCI's MDR framework. The organisation said it aims to promote digital payments and ensure UPI's sustainability.
By reserving a fixed percentage of income immediately, individuals can reduce reliance on discipline and make spending decisions more manageable. Check all 8 tricks.
New UPI MDR rules explained: Will you pay more? What it means for users like you and me
UPI remains free for person-to-person payments under new MDR rules. Here's what changes for merchant payments and what it means for users like you and me.
Saatvik Green Energy bags order worth Rs 1042 crore from SECI
Saatvik Green Energy has clinched a substantial Rs 1,041.63 crore order from SECI to supply solar PV modules. This pivotal agreement, set to be fulfilled by December 2027, underscores a significant milestone for the renewable energy landscape. With this contract, Saatvik solidifies its position as a key player in advancing clean energy initiatives, promoting sustainable practices and innovation.
Rapido has been fined 10 lakh by the CCPA over prompts that allegedly nudged riders to pay more before rides were confirmed. Heres what the regulator found, how dark patterns can influence spending and what consumers should check before agreeing to pay extra.
Car sales jump over 30% in August as festive demand builds
Passenger car sales increased by over a third in August, reaching 439,309 units. This growth followed a decline in the previous year due to GST rate changes. Three-wheeler and two-wheeler sales also saw significant rises during the month. Industry experts anticipate continued strong demand through the festive season. Manufacturers are preparing for further sales increases with new model launches.
Pension Sakhis: Rural families to soon get a local guide for NPS and retirement planning
The government is stepping up efforts to improve pension awareness and retirement planning in rural India through a network of Pension Sakhis. The community-led initiative aims to bring pension information and support closer to households and encourage greater focus on long-term retirement security.
More than 50% of hotels use AI, but under 10% see real impact: Report
Hotels around the world are increasingly adopting generative AI technology, but fewer than 10% report meaningful reductions in manual work, highlighting a gap between adoption and tangible benefits. Many hotels are opting to enhance their existing systems rather than invest in entirely new platforms, creating challenges in using AI effectively for better decision-making.
Former Air India CEO and MD Wilson described his tenure as a privilege and wished Air India well in its journey to becoming a world-class airline. The transition comes amid scrutiny over an alleged immigration lapse involving three foreign nationals who reportedly left Delhi airport without completing mandatory clearance, with the Ministry of Civil Aviation seeking an explanation from the airline.
Credit for the next 50 crore: How PhonePes new co-branded cards target Indias underserved
At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India.
Student gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know how did she win and what is the income tax treatment of scholarship.
No smartphone, no internet? PhonePe brings UPI to 220 million feature-phone users
At the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, internet-free payments stack pre-loaded on HMD, Nokia, Lava and itel handsets to 200 million-plus Indians still on basic phones.
UPI transaction charges: Who will pay, who will earn and will small transactions stay free explained
UPI transactions up to 2,000 stay fee-free under a new Finance Ministry notification, covering 96% of volume. Regulators are weighing a ~0.4% charge on larger merchant (P2M) payments, with banks getting 40% of the proceeds. P2P transfers remain free regardless of transaction value.
Embassy Developments to invest Rs 2,000 cr in 85-acre Bengaluru project phase 1
Embassy Developments plans a Rs 2,000 crore investment for its North Bengaluru residential project. This development will feature two RERA-approved projects with a combined GDV of Rs 4,500 crore. The first project includes 217 villas across 1.1 million square feet of saleable area. The second project offers 855 apartments, ranging from studios to 3.5 bedrooms.
Mid-cap mutual funds continue to see strong investor interest, supported by earnings growth, domestic demand and the formalisation of the economy. But with valuations above historical averages, fund managers caution that stock selection and diversification are crucial.
DA news: Can employees expect a second dearness allowance hike this year during festive season?
Central government employees and pensioners are anticipating a dearness allowance hike during this festive season. With inflation rising and past trends favoring Diwali announcements, a 3-4% increase is expected based on recent AICPI-IW data.
Mutual funds changed their exposure to several large-, mid- and small-cap stocks in August 2026. While buying was spread across market segments, find out which stocks saw the biggest increase and decrease in mutual fund holdings during the month.
BHEL, Titagarh Rail to form JV for Vande Bharat sleeper maintenance
Bharat Heavy Electricals and Titagarh Rail Systems have formed a joint venture. This new company will maintain Vande Bharat sleeper train sets for thirty-five years. Both state-owned firms will hold an equal fifty percent stake each. The joint venture will ensure operational readiness and reliability of the trains. This agreement aims to enhance the long-term service life of the train sets.
Diamond Power Infrastructure announced securing a significant order valued at Rs 179.43 crore. This substantial purchase from Adani Electricity Mumbai involves supplying approximately 871 kilometers of underground power cables. The order encompasses both medium-voltage and low-voltage cables for the Mumbai distribution network. The company manufactures a wide array of power transmission equipment for various sectors. A formal purchase order is expected to be issued by the customer soon.
Starting September 16, Jammu Tawi railway station will introduce revised passenger entry and exit arrangements as part of its ongoing redevelopment work. Passengers will enter the station through the Platform 1 side and exit from the Narwal side to ensure smooth movement and enhance safety. Family members and relatives accompanying passengers for drop-off will also be allowed to exit from the Platform 1 side when a train arrives at Platform 1. The revised arrangements will remain in place throughout the redevelopment project.
Will fixed deposit interest rates go up in October as inflation rises?
Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small savings schemes. Future adjustments in fixed deposit rates will largely hinge on ongoing inflation trends and RBI policies.
UPI and Services Steering Committee is set to soon decide on the merchant discount rate for UPI transactions above 2,000. Here's a look at the issues that are up for discussion
The Delhi High Court has quashed seven orders passed by the Income Tax Appellate Tribunal (ITAT) in a batch of cross-appeals involving Patanjali Ayurved Ltd., terming the manner in which the Tribunal dealt with the matters a shocking picture of procedural lapses and opaqueness.
Will an NRIs Singapore income become taxable in India due to extended stays?
As an non-resident for tax purposes, one is generally taxable in India only on income that is received or deemed to be received in India, or that accrues or arises, or is deemed to accrue or arise, in India.
Family pension rules: Bharat Pensioner Samaj seeks 6-month provisional pension for widows, widowers
Bharat Pensioner Samaj has asked DoT to allow provisional family pension to widows and widowers for up to 6 months while their regular claims are processed.
Apollo Pipes, Marathon Nextgen Realty among top 7 unique stocks held by mutual funds in August
Moving to US: Can Indians continue their PPF and NPS Tier II investments? Tax expert explains
Can Indians continue PPF and NPS Tier II after settling in the US? A tax expert explains residency rules, KYC updates, FD redesignation, tax implications and why NRIs should review Indian investments before withdrawals or transfers.
Parag Parikh Flexi Cap leads 7 equity MFs with over Rs 80,000 crore AUM; 4 cross Rs 1 lakh crore
Seven equity mutual funds had assets under management (AUM) exceeding Rs 80,000 crore as of August 30, 2026, with the top four crossing Rs 1 lakh crore each. Parag Parikh Flexi Cap Fund led the list with an AUM of Rs 1.47 lakh crore, followed by three HDFC Mutual Fund schemes.
MDL plans Rs 27,000 crore shipbuilding cluster at Dighi, eyes 90,000 jobs
Mazagon Dock Shipbuilders will invest Rs 27,000 crore for a new shipbuilding cluster. This project aims to create approximately 90,000 jobs and boost India's shipbuilding capacity. The Dighi facility will enable the construction of large commercial vessels and strengthen maritime capabilities. This initiative aligns with the Centre's Greenfield Shipbuilding Cluster Development Plan. The cluster will attract technology and investment, improving global maritime competitiveness.
Indias incapacity law gap: why estate planning must go beyond wills
India has no comprehensive law for managing a persons finances and property after they lose mental capacity. A combination of a private trust, living will and healthcare nomination may offer the closest workaround.
NODWIN Gaming expands into mainstream sports with new division
NODWIN Gaming launches NODWIN Sports to build mainstream sporting properties and events. This new division will focus on new-age sports and mass-participation lifestyle events. Gurbaksh Singh Virdi has been appointed vice president to lead the expansion efforts. NODWIN Sports aims to leverage existing content and community engagement capabilities. The company seeks to become a broader youth entertainment and live experiences provider.
The NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with all her tax-related compliance; hence, she was not made aware of the notices issued. Moreover, after becoming aware of her mistake, the lady even paid the tax liability with appropriate interest. Read on to know how ITAT ruled in her favour.
HSBC raises ACME Solar target price by 15%; stock jumps 5%. Why is the brokerage bullish?
ACME Solar shares rose sharply after HSBC raised its target price by 15% to Rs 450 and retained its Buy rating. The brokerage sees signs of a recovery in renewable energy auctions, supported by rising power demand and growing adoption of battery storage and firm, dispatchable renewable energy projects.
Indian consumer regulator escalates probe into Apple's software warranty terms
India's consumer regulator is investigating Apple's software warranty terms. The iOS 18 update allegedly damaged iPhone functionality and required costly repairs. Apple contests these accusations, citing global industry standards for software warranties. The regulator has escalated the matter for a detailed investigation into consumer rights violations. Apple could face fines or be forced to change its business practices.
RBI Absorbs 3.93 Lakh Crore From Banking System via VRRR Auction Ahead of Repo Rate Decision
Two health insurance policies? Know how to use both for one hospital bill
Having both a personal health insurance policy and employer-provided cover can help when a large hospital bill exceeds the first policys coverage. Heres how policyholders can use the second policy for the remaining eligible expenses.
UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: Bernstein
UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and payment apps Rs 7,000 crore from this pool. This revenue stream focuses on higher-value transactions above Rs 2,000, which dominate transaction value. The government notification exempts smaller UPI transactions from any charges. This creates a pathway for monetising a significant segment of merchant payments.
DTH operators provide over Rs 11,000 crore against MIB licence-fee demands
DTH operators have provisioned over eleven thousand crore rupees against disputed licence fee liabilities. This industry awaits a government decision on reducing the current eight percent licence fee. Operators face significant subscriber losses and declining revenues due to market shifts. They are now expanding into IPTV, broadband, and OTT aggregation services. The licence fee dispute remains sub judice before various legal tribunals and courts.
When should you switch an index fund? 4 things investors must check before moving to another fund
Not every index fund tracking the same benchmark delivers the same investor experience. Experts say investors should look at persistent tracking difference and tracking error before switching, rather than chasing short-term returns or the lowest expense ratio.
8th Pay Commission: Why employee unions want salary and pension revisions every 5 years
8th Pay Commission news: Central government employees and pensioners seek salary and pension revisions every 5 years instead of 10. Know why unions want shorter pay cycles, inflation-linked reviews and a permanent wage review body.
Musashi India, Bhago Mobility sign LOI for e-axles for electric 3-wheeler
Musashi Auto Parts India will supply electric powertrain systems for Bhago Mobility's new three-wheeler. Production of these e-axles is planned to commence next year. The Bhago Bhim vehicle platform will feature a fixed-battery configuration. This partnership supports the localization of electric mobility technologies in India. The new electric three-wheelers are expected to begin production in 2027.
NSE IPO: Everything investors need to know about the National Stock Exchange IPO
The National Stock Exchange is gearing up for a much-anticipated initial public offering after overcoming almost ten years of complex legalities and procedural hurdles. Following the submission of its DRHP to SEBI on June 17, 2026, the exchange has finally addressed regulatory concerns, allowing its listing to proceed. However, potential investors must weigh valuation and regulatory risks ahead of the anticipated September 2026 launch.
BharatBenz adds new Supaul dealership to Bihar network
BharatBenz has opened a new dealership in Supaul, Bihar. This expansion strengthens its sales and after-sales reach across the Koshi belt. The four-bay 3S facility offers sales, service, and spares support. It aims to reduce vehicle downtime for transporters and fleet owners. This move enhances BharatBenz's customer accessibility in North Bihar.
Google India, JioStar bring AI-powered Search into prime-time fiction
Google India and JioStar have partnered to bring Google Searchs AI Mode into popular Hindi TV shows Anupama and Yeh Rishta Kya Kehlata Hai. The campaign will use show characters and storylines to demonstrate how conversational AI can help with everyday tasks such as managing household budgets, career decisions and childrens education.
Delhi ITAT condoned a 2,073-day delay after a taxpayer said reassessment notices were sent to his old address. The tribunal also deleted an 11 lakh addition after the taxpayer explained the cash deposit through property sale proceeds and past savings.
Indias PE market turns tougher as buyers seek more protection: Khaitan & Co Survey
Indian private equity buyers now demand greater seller protection and price adjustments. Purchase price adjustments rose significantly, reflecting increased buyer caution and selectivity. Holdbacks and escrow arrangements also saw a sharp increase for buyer recourse. Interim operating covenants and seller restrictions have become more prevalent in deals. This indicates a more mature market where risk allocation is carefully managed.
Over the past decade, 20 midcap mutual funds delivered multibagger returns, with the top 10 gaining at least 350%. Invesco India Mid Cap Fund led with a 426% return, turning a Rs 1 lakh investment into Rs 5.26 lakh, followed by Edelweiss Mid Cap Fund and Nippon India Growth Mid Cap Fund.
Traffic, air quality top infrastructure concerns for office occupiers, CBRE survey finds
Traffic congestion and commute time are top infrastructure challenges for office leasing. Poor air quality and water concerns also threaten business operations and employee experience. Access to public transport is crucial, with occupiers willing to pay a premium. Planned metro expansions and new expressways will unlock new office submarkets. These infrastructure initiatives aim to enhance ease of living across Indian cities.
Gold price today: Today, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reported a decline in gold prices, while Tanishq surprisingly increased its 22k gold rates across various cities. The India Bullion and Jewellers Association observed a broader trend of decreasing prices for gold and silver. These adjustments are reflective of the current market dynamics as of September 15, 2026, leading to varying consumer experiences from popular jewelry retailers.
How much debt should you hold? More debt can cushion market falls, but there is a trade-off
Higher debt allocations have historically helped reduce the impact of market falls, but they also came with lower return potential. FundsIndia Research data shows how investors can balance portfolio volatility against long-term returns when deciding their equity-debt mix.
Which sectors attracted mutual fund interest in August? Check details
Mutual funds increased their sectoral allocation in August, with Insurance, Healthcare, Capital Goods, Metals, E-Commerce, NBFCNon-Lending, PSU Banks, Retail and Real Estate gaining portfolio weight.
India's met coke imports set for record despite anti-dumping levy
India's met coke imports are set to reach a record high this year. Domestic shortages and strong pig iron demand fuel higher overseas purchases. This rise occurs despite an anti-dumping levy imposed in July. Pig iron producers import met coke to avoid duties on exports. met coke prices increased significantly due to rising coking coal costs.
Air India board meets to discuss new CEO's pay
Mumbai: Air India's board of directors are meeting in the city on Tuesday as the airline is set to see the CEO transition, with former Ethiopian Airlines Group chief Tewolde Gebremariam expected to formally take charge later this month.At the board meeting chaired by N Chandrasekaran, who is the Chairman of Tata Sons, various matters, including the salary structure of the incoming CEO, are expected to be discussed, according to sources.Campbell Wilson, the MD and CEO of Air India, will be stepping down from his role this month.Apart from Chandrasekaran and Wilson, there are five other board members -- Sanjiv Mehta, Alice G Vaidyan and P R Ramesh are the independent directors, while P B Balaji and Goh Choon Phong are the non-executive non-independent directors.The sources said the board members would also be thanking Wilson for his contributions to the airline. He has been at the helm of the airline and piloting an ambitious transformation plan since July 2022.Chandrasekaran, Wilson and Gebremariam were among those seen walking into the Bombay House, the headquarters of the Tata Group in the city.The loss-making Air India has been grappling with multiple challenges, including the fatal AI171 accident in June last year that killed 260 people as well as geopolitical disruptions, airspace closures, fuel price volatility and various operational issues.On September 7, incoming CEO and MD Tewolde Gebremariam, in his first address during a townhall, told the airline's staff that we will Make Air India Great Again (MAGA).He had also sought the support and cooperation of the airline's staff and called for minimising disruptions as he emphasised that operational excellence is about getting the basics right every day.At the townhall, Chandrasekaran emphasised the need to focus on safety and build a stronger culture of cost consciousness.Tata Group took over Air India from the government in January 2022, and later Singapore Airlines acquired a 25.1 per cent stake in the airline.
India seeks banks views on fees for UPI payments
Delhi to get 9 barrier free tolling plazas by Oct
Air India expands use of Salesforce's AI platform to streamline customer services
Air India is expanding its use of Salesforces Agentforce AI platform to automate customer service tasks, including email resolution, passenger name changes and access to service-related information. The airline has more than 30 agentic AI initiatives underway across its digital ecosystem, Salesforce said.
Bank of India Small Cap Fund delivered the highest CAGR of 25.21% over seven years among equity funds, excluding sectoral and thematic schemes, according to ETMutualFunds analysis. The fund outperformed peers with seven-year returns ranging from 9.14% to 22.97%. Launched in December 2018, the scheme has also received four-star ratings from both Value Research and Morningstar.
RBI absorbs 3.93 trillion from banking system through VRRR auction
The Reserve Bank of India (RBI) on Tuesday absorbed Rs 3,93,352 crore through variable rate reverse repo (VRRR) auction amid huge surplus liquidity in the banking system. The central bank received bids worth Rs 3,93,352 crore, for a notified amount of Rs 5 lakh crore. It accepted all bids at a cut-off and weighted average rate of 5.24 per cent, according to a release. Over the last month, the RBI has been conducting VRRR auctions in order to absorb excess surplus liquidity from the banking system and align the overnight money market rates to the repo rate. The liquidity surplus in the banking system was estimated to be around Rs 10.73 lakh crore on September 11. Apart from VRRR auctions, last week, the central bank announced Open Market Operation (OMO) sales of government securities for a notified amount of Rs 1 lakh crore in three tranches, with the first tranche auction to be held on September 17. The first tranche of Rs 50,000 crore will be held on September 17, and Rs 25,000 c
Samsung Indias govt man quits after 4 yrs
Personal loan interest rates September 2026: Axis Bank, HDFC, ICICI and 5 others start at 8.90%
Compare personal loan interest rates in September 2026 from prominent private banks, including Axis, HDFC and ICICI. Check five-year EMI calculations, processing fees and key factors borrowers should consider before applying.
Indias digital payments ecosystem is a showcase for the world. The infrastructure is ready to take the next leap: agentic commerce, where AI agents will make decisions and payments. For that to happen, however, trust is non-negotiable, and it has to be embedded into the architecture. Visa Group Country Manager, India and South Asia, talked about this and more with The Economic Times at the Global Fintech Fest 2026. Read on!
What happens if you miss advance tax deadline
Small-cap funds continue to attract strong investor inflows, but historical data shows that sharp corrections are a regular part of the journey. FundsIndia data shows the Nifty Smallcap 100 has seen falls of more than 30% far more often than the Sensex.
HDFC Bank shares on Tuesday as the lender submitted two CEO candidates to the RBI, intensifying focus on its leadership transition. Jefferies, Nomura, Bernstein and Macquarie remain positive on the stock, with price targets ranging from Rs 880 to Rs 1,150. Analysts see leadership clarity as a potential re-rating catalyst.
PVs drive auto sales to record August high as India gears up for festive season
India's automobile sector achieved its highest-ever August sales across multiple vehicle categories, SIAM said. Robust consumer demand and resilient rural markets fueled this significant industry growth. Passenger vehicle domestic sales saw a sharp increase, reaching record levels for the month. Three-wheelers and two-wheelers also posted strong year-on-year growth figures. Automakers anticipate continued firm consumer demand ahead of the festive season.
Hybrid vs floating home loans: When does paying for EMI stability make financial sense?
With the repo rate already 125 basis points below its post-COVID peak of 6.5%, borrowers face a key choice: pay for stability now or stick with floating rates?
Indians may get PM Modi's gold message this festive season, with a twist
Indias festive gold demand is likely to be stronger in value but weaker in volume this year as record prices, higher import duties and Prime Minister Narendra Modis call for restraint weigh on purchases. IBJA expects Modis appeal to curb gold buying to potentially reduce festive sales and imports by 1012%.
