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Don't let your cash idle in savings account: How excess savings can quietly shrink your wealth
Salaries, performance bonuses, and extra earnings flow into an account month after month, causing the balance to swell quietly. Because investing feels intimidating or easy to postpone, several lakhs often end up sitting dormant over time
Delhi airport plans to increase annual passenger handling capacity to 125 million
Delhi airport plans a ten-year master plan to increase passenger capacity. The airport aims to handle 116 million passengers by April 2030. Passenger handling capacity will further rise to 125 million by 2032. Pier E will be constructed at Terminal 3 by April 2030. Future plans for Terminal 4 and an automated people mover are under consideration.
West Bengal is launching the Ayushman Bharat scheme, covering 1.5 crore families today. Here's all you need to know about how many hospitals are participating, eligibility, benefits, documents needed and stepwise guide on how to apply.
Taxpayers may receive defective return notice from the income tax department if they provided incomplete or inconsistent information in their ITR. Here's how to respond to such a notice and the applicable deadline.
Airtel prepaid plan tweaks: Brokerages estimate per-user revenue lifts ranging from Rs 4 to Rs 12
Bharti Airtel has withdrawn select prepaid plans, prompting customer upgrades. This move is expected to increase average revenue per user by Rs 4 to Rs 12. Brokerages view this as targeted plan rationalization for premiumization. Subscribers of the Rs 299 plan may now opt for pricier alternatives. The telco aims for higher monetization and capitalizes on data plan preferences.
50 lakh to 2 crore FD: How much annual income can you earn at 6%, 7% and 8% in 2026?
A 50 lakh to 2 crore fixed deposit can generate substantial annual income in 2026. Compare FD returns at 6%, 7%, and 8%; Check and understand senior-citizen rates, taxation, deposit safety, and key factors before investing.
Over 85 lakh pensioners under EPS-95 rely on monthly pensions. However, the payments will only keep coming if you stay compliant with the rules and requirements. Here's what to do to avoid pension payment disruptions.
Govt departments set up QRTs to counter fake social media content
Government departments are forming Quick Response Teams to address social media misinformation. These teams will monitor and respond to fake and misleading content promptly. Power, agriculture, and commerce departments have already established their dedicated response units. Responses are ideally expected within two hours of content identification. Such teams will coordinate with the PIB fact check unit for verification.
SSY vs PPF in 2026: Compare interest rates, tax benefits, returns and key differences
Sukanya Samriddhi Yojana (SSY) v Public Provident Fund (PPF) in 2026: Compare interest rates, tax benefits, eligibility, maturity, withdrawals and returns to understand which government-backed savings scheme better suits your financial goals.
An NRI living in the US faced a tax notice for unexplained funds used to buy a Mumbai flat using funds from his NRE account. Here's what happened next.
5 Health insurance traps to avoid: From cashless cover and room rent limits to hidden exclusions
Health insurance can protect savings from rising medical costs, but hidden exclusions, room-rent limits, sub-limits and incomplete disclosures can reduce claims. Check out these five common health insurance traps and learn how to choose coverage that offers meaningful financial protection.
PPFAS Mutual Fund among 6 MFs holding over Rs 10,000 crore in cash in July
Mutual funds raised their cash holdings by Rs 7,856 crore to Rs 1.90 lakh crore in July, recovering from a 19-month low in June. PPFAS held the most cash at Rs 25,291 crore, followed by SBI and HDFC Mutual Fund.
Indian Bank plans to garner $400 million via ECB this week: MD Binod Kumar
Indian Bank plans to raise $400 million via External Commercial Borrowings this week. The bank may raise an additional $600 million through ECB before December 2026. It also aims to gather USD 2 billion from FCNR(B) deposits, seeing good demand. The Reserve Bank of India has already closed its concessional swap facility early. These efforts support the bank's business growth and digital initiatives.
Beauty, cosmetics segment to be key growth driver for EPL; raises near-term revenue guidance
EPL Ltd anticipates its beauty and cosmetics segment will drive future growth. The company expects continued momentum after reporting strong June quarter topline growth. EPL has raised its near-term revenue guidance to sixteen to eighteen percent. A proposed merger with Indovida aligns with EPL's global leadership strategy. This transaction is expected to be completed by early next year.
Jindal Stainless investing Rs 900 crore to increase cold rolling capacity to 2.67 MT by FY28: MD
Jindal Stainless plans a Rs 900 crore investment to expand its cold rolling capacity. This expansion will support rising demand from key industrial sectors. The company is also planning a significant Rs 40,000 crore manufacturing facility in Maharashtra. This new plant will produce specialized steel grades for emerging strategic sectors. Jindal Stainless reported strong financial performance and progress towards sustainability goals.
ONGC gets US licence to resume full Venezuela operations, eyes operatorship
ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing expanded production and new agreements. ONGC Videsh holds stakes in San Cristobal and Carabobo oil projects. The company expects to recover pending dividends and potentially take operatorship. India seeks to diversify oil resources amid heightened geopolitical risks.
Government fixes LPG production targets for refiners, Reliance gets largest share
India has set maximum LPG production targets for refineries and upstream companies. This move aims to build a domestic supply buffer after import disruptions. The government will review these production schedules every six months. Companies must maintain adequate infrastructure for LPG storage and transport. This framework ensures adequate domestic availability and fair prices for consumers.
The EPFO has simplified withdrawal rules, allowing members to access a major chunk of their PF for emergencies like unemployment, medical needs, education etc. Full details here.
JSW Mahanadi Power settles dispute with Raigarh Champa Rail; NCLAT disposes of appeal
The NCLAT disposed of an appeal between JSW Mahanadi Power and RCRIPL. Both companies reached an amicable settlement after a dispute over unpaid invoices. JSW Energy now controls both entities following separate insolvency proceedings. The NCLAT order recorded the joint memo filed by the two companies.
Physicswallah among top 5 smallcap stocks facing highest mutual fund selling in July
Mutual funds reduced their exposure to several small-cap stocks in July, with Amara Raja Enterprises witnessing the highest net selling. Welspun Corporation, NBCC, IIFL Finance and Physicswallah were the other major names on the list, according to Motilal Oswal Financial Services. Monthly shareholding changes ranged from a 10.5% decline to an 8.5% increase.
How to decode your health insurance claim settlement letter
From reasonable and customary charges to consumables and proportionate deductions, heres what policyholders need to know when insurers cut claim payouts.
8th Pay Commission: From 55 to 18,000, how minimum basic pay changed across 7 Pay Commissions
The 8th Pay Commission could reshape Central government salaries, with employees seeking higher basic pay and fitment factors. Here is how minimum basic pay rose from 55 under the 1st Pay Commission to 18,000 under the 7th.
Equity mutual funds delivered up to 6% return last week. Check top 5 gainers
Equity mutual funds delivered returns of up to nearly 6% during August 1015, led by international schemes. Invesco IndiaInvesco Global Consumer Trends FoF topped the list with 5.59%, followed by Nippon India Taiwan Equity Fund at 5.49%.
E. coli bacteria was detected in drinking water at several railway stations. Unhygienic conditions were also reported in railway washrooms by the auditor. Many stations lacked essential amenities, including drinking water taps and latrines. Even top-tier stations showed deficiencies in basic passenger facilities. The audit covered a five-year period ending in 2024.
21 lakh EPF accounts with 8,500 crore balance are inactive: How is the govt fixing it?
The government reported over 21 lakh inoperative EPF accounts with 8,505 crore in 2023-24, primarily due to members not filing claims after leaving service. Here's how it aims to fix the issue.
Tiny restaurants are having a big moment as Indian diners chase chefs, stories and scarce seats
Some of the most talked-about restaurants are also the smallest. These under-20-seater, chef-led diners have people battling online for areservationfor a culinary experience served with a side of social capital.
Mangaluru KFC outlet sealed following spoiled chicken complaint
Food safety officials raided a KFC outlet in Mangaluru following a customer complaint. The inspection led to the sealing of the establishment's go-down and sample collection. Further action will depend on laboratory findings regarding the collected food samples. In a related drive, officials seized expired chicken and meat from hotels in Mysuru. Investigations into these food safety violations are currently ongoing.
Income Tax Calendar 2026: 8 Key tax deadlines from August to December every taxpayer should know
Income Tax Calendar 2026 highlights key ITR filing, advance tax, tax audit, TDS and belated return deadlines from August to December. Know the important dates for AY 2026-27, understand revised return rules and plan tax compliance.
AI could cut doctors' paperwork burden as global health worker shortage looms: Report
Artificial intelligence can ease doctor workloads by handling repetitive administrative tasks. This technology helps address a growing global healthcare worker shortage. AI tools can draft clinical documentation, freeing up valuable physician time. Patients can also benefit as AI helps direct them to appropriate care. Ultimately, AI aims to optimize existing healthcare staff for future demands.
FAST-DS 2026 opens on August 16, allowing eligible taxpayers to disclose certain undisclosed foreign assets and income until December 31. For the first category, a 1 crore declaration can attract 30 lakh tax plus an equal additional amount, taking the total payment to 60 lakh.
It is vital to update nominee details after major life changes to align your previous choice with your current wishes and also prevent complications for legal heirs later if they want to claim the assets. Here's when you should consider updating it.
Gift from parents to married daughter: Is it tax-free? Know tax on interest, rent and capital gains
A gift from parents to a married daughter is generally tax-free under the Income-tax Act, 2025. However, interest, rent, dividends and capital gains earned from gifted money, property or investments may be taxable separately.
Tale of two crypto routs, and why no one saw them coming
A president's crypto fortune and a broken wallet expose what the small saver is not able to see.
Bank holidays this week: Banks across India will be open for 4 to 5 days this week but digital banking services are available 24/7 for customers irrespective of bank holidays. Check dates on bank holidays as per RBI calendar.
From managing utility bills, recurring subscriptions and financial services, Gen Z's financial habits show they are a generation that has grown up with digital payments at its core. Here's a look at what they spend their salaries on
Petrol vehicles move to slow lane in India
Mumbai: Petrol is losing its grip on India's car market, with sales coming under pressure in some of the country's biggest automobile markets as buyers increasingly look beyond conventional fuel.Across Maharashtra, Haryana, Delhi, Rajasthan and Uttar Pradesh, petrol cars are losing ground even as CNG, hybrids and electric vehicles gain momentum, while diesel is seeing renewed interest in some markets. Adding to the shift is growing consumer anxiety over E20 petrol. Industry executives said concerns about mileage, compatibility and long-term ownership are increasingly featuring in purchase decisions.But carmakers caution that E20 alone cannot explain the pressure on petrol. The bigger shift, they said, is that consumers now have more alternatives, with the economics and availability of these powertrains making them increasingly credible choices.The shift is therefore not simply from petrol to electric vehicles. CNG is attracting buyers seeking lower running costs, while hybrids offer a middle ground for those looking for better fuel efficiency without depending on charging infrastructure. EVs are gaining traction as charging networks expand, while diesel continues to find buyers in markets and segments where range, highway driving and fuel efficiency remain important.133267135For the auto industry, this marks a fundamental change in how consumers choose cars.Towards Alternate-fuel VehiclesThe old petrol-versus-diesel equation is giving way to a market where multiple powertrains compete for the same customer.The scale of the shift is becoming harder to ignore. Federation of Automobile Dealers Association vice-president Sai Giridhar said consumer hesitation around the E20 transition had nudged some buyers towards CNG, hybrids and EVs. In July, the combined share of CNG, hybrid and electric passenger vehicles reached 40.59%, just 1.09 percentage points behind petrol at 41.68%. A year earlier, the gap was 13.21 percentage points.That narrowing gap is significant because the challenge to petrol is no longer coming from a single technology. CNG commands a sizeable share, while hybrids are attracting buyers seeking better fuel efficiency without giving up the convenience of an internal-combustion engine. EVs, too, are steadily gaining ground. We do not see this as a long-term effect, as petrol sales have been seeing a slowdown of late and the direction has been towards alternate-fuel vehicles, said a senior executive at a leading carmaker.Carmakers are responding by keeping their options open rather than betting on a single technology. Maruti Suzuki is seeing strong traction in CNG while expanding into EVs and exploring other technologies. Hyundai is increasing its focus on CNG alongside EVs, petrol and diesel, while Tata Motors and Mahindra continue to build portfolios spanning electric and internal-combustion vehicles.Other manufacturers are similarly maintaining a mix of powertrains as they wait to see how consumer preferences evolve. For petrol, the implications are clear. E20 anxiety may be accelerating the shift, but the underlying change is broader.
Bhubaneswar-Kolkata IndiGo flight on Aug 13 cancelled after pilot detects technical snag
An IndiGo flight from Bhubaneswar to Kolkata was cancelled on August 13. The pilot detected a technical issue while passengers were boarding the aircraft. All 56 passengers were safely escorted back to the arrival area. The cancellation caused some passenger agitation which was quickly managed by airport personnel. Airlines continue to prioritize technical checks before any flight departure.
Government weighs PNG drive 3.0 to speed up adoption; launch likely in September
The government is set to launch the PNG Drive 3.0 initiative, designed to expedite gas connections for households and industries alike. Previous drives resulted in heightened PNG adoption due to worries surrounding LPG supply. Officials are currently frustrated with their progress and goals. The ministry is determined to enhance PNG consumption in cities that already have relevant infrastructure.
A process of trial and error and self-learning led this investor from 5 lakh portfolio to 1.30 crore over a seven-year period, he shared online. Here's how the investment journey went
Tata AIA rejected a 1 crore life insurance claim from a widow, alleging nondisclosure of prior insurance issues.
8th pay commission: Full recommendations to come in May 2027? Here's how the timeline works
8th pay commission: We can expect an announcement of the full list of recommendations sometime near May 2027 after completion of discussions with stakeholders and employee groups. Here's a look at how the timeline works
Prashant Kishor has nearly 8 crore in FDs: How much tax could he pay on this massive corpus?
Prashant Kishor's financial portfolio largely consists of fixed deposits totaling 7.36 crore with HDFC Bank, compared to only 63 lakh in equities. His election affidavit shows total assets of nearly 198 crore, including movable and immovable properties.
100% US Tariff threat on India: 'Govt should keep trade negotiations going as long as possible'
Key demands by the BMS include hike in variable DA, a minimum monthly wage of 30,000 for unskilled workers, job security for contract workers, higher pensions and increased wage ceilings for EPF and ESLI schemes.
UCIL eyes bigger uranium output to fuel Indias 100 GW nuclear push
UCIL aims to lead nuclear fuel supply for India's energy program. The company is enhancing mining and processing capacities for this goal. New mining activities are planned in other parts of the country. UCIL will utilize tailing ponds and expand its Tummalapalle plant. Environmental clearances are being sought for the Rohil project in Rajasthan.
Enterprise AI transformation: Why executive education is becoming essential for business leaders
As enterprises accelerate AI adoption, the real challenge is preparing leaders to make informed decisions on investment, implementation and business impact. IIM Bangalore x The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 brings executive learning and enterprise experience together to address this need.
Kisan Vikas Patra at 7.5%: How long will your money take to double in 2026?
Kisan Vikas Patra offers a 7.5% annual interest rate in July-September 2026, with investments doubling in 115 months. Here is how KVP works, its maturity period, investment limits and key points savers should know before investing.
The Central Board of Direct Taxes launched a one-time scheme on 16 August for small taxpayers to declare undisclosed foreign assets until December 2026. A 60% payment on the declared value ensures immunity from penalties.
Delhi Lakshmi Yojana: Here's how to check status of your application online Stepwise guide
Registration for the Delhi Lakshmi Yojana will continue till the target of 17 lakh women is met, CM Rekha Gupta said. Here's how eligible women can track the status of their application after applying for the financial assistance scheme
Have multiple jobs at the same time? Heres how your PF membership is regulated under EPFO rules
Employees with multiple jobs may receive separate EPF benefits from each employer, and EPFO provides guidelines for overlapping employment. Details here.
Home loan prepayment vs investing: When should you use extra cash to repay debt?
Home loan prepayment can reduce interest costs, while investing surplus funds may offer higher returns. Compare the loan rate, post-tax investment gains, risk and liquidity before deciding.
Credit card statement date vs payment due date: What is the difference, and why does it matter
Check out the difference between a credit card statement date and payment due date. Having a clear understanding of the same can help cardholders plan repayments, avoid late fees and interest, manage cash flow and maintain healthier credit habits.
RBI proposes 3-month MCLR reset for loans: What could change for borrowers and their monthly EMIs
RBI has proposed a new MCLR formula using a three-month moving average of banks marginal funding costs. The draft also proposes a three-month reset period for MCLR-linked loans and aims to make loan pricing more transparent.
Monarch Mutual Fund set to enter MF space with maiden overnight fund; files draft with Sebi
Monarch Mutual Fund has filed draft papers with Sebi for its maiden scheme, an overnight fund investing primarily in one-day securities. The open-ended debt scheme targets low risk, high liquidity and overnight-rate-linked returns, with Sanjay Motta as fund manager.
Why life insurance should be part of your financial freedom plan, not an afterthought
Financial freedom requires more than wealth creation. Learn how life insurance, emergency savings and disciplined SIP investing can protect family finances, support long-term goals and build a stronger financial plan against unexpected life events.
5 lakh investment plan: How to allocate your money wisely by age, risk and financial goals
Learn how to invest 5 lakh wisely at different ages with a practical asset allocation strategy covering equity, mutual funds, fixed deposits, gold and liquidity, while balancing risk, financial goals, family responsibilities and long-term wealth creation.
DA Hike 2026 explained: Know how Dearness Allowance is calculated using CPI-IW data, when the July revision takes effect, and how retrospective payments and arrears work. Having a conceptual understanding of these aspects can help in better financial planning.
Prime Minister Narendra Modi highlighted significant railway electrification progress. Seventy percent of India's rail network was electrified in one decade. This initiative reduced diesel consumption and foreign exchange expenditure. India also launched its first indigenous hydrogen-powered train recently. Modern coach manufacturing has also seen a substantial increase.
A Telangana consumer commission has upheld a 1 crore life insurance death claim after Tata AIA rejected it over alleged non-disclosure of an earlier policy proposal postponed on medical grounds.
Taxpayers with unreported foreign assets can file declarations till December 31, 2026 through a one-time disclosure window. The voluntary scheme targets small investors. Here's all you need to know about the scheme.
NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues
The NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, a guarantor for Nyka Steel. The tribunal found the guarantor's liability extended beyond the initial capped amount. It also noted the guarantor signed the credit facility renewal in 2018.
Nearly 200 cr net worth, but a little equity: How Bankipur MLA Prashant Kishore invests his wealth
His financial portfolio includes investments like fixed deposits, mutual funds, and bonds, He also possesses a dismantled rice mill and his wife has gold weighing 475 grams and silver weighing 200 grams.
Maharashtra's food safety chief has taken action by suspending 12 warehouses' permits for grocery giants including Eternal, Swiggy, and Zepto. Recent inspections exposed disturbing health violations such as cockroach infestations and spoiled produce. Moreover, inspectors uncovered rodent waste and unhygienic storage practices, while delivery personnel wearing street shoes increased contamination risks. This crackdown emphasizes the need for stronger food safety measures in the grocery sector.
Debt mutual funds attracted Rs 1.87 lakh crore in July, reversing June-quarter outflows. Liquid, overnight and money market funds led inflows, while longer-duration categories saw redemptions. Experts said flows reflected seasonal treasury movements and continued preference for liquidity.
KFin Technologies among top 5 smallcap stocks that saw highest mutual fund buying in July
Mutual funds stepped up buying in five small-cap stocks during July, led by IDBI Bank, Pine Labs and Force Motors. Godawari Power and KFin Technologies also attracted fresh buying, according to Motilal Oswal Financial Services data.
Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026. Know how much tax you need to pay.
The Finance Ministry has issued guidelines for insurance policyholders to address unfair claim rejections and service-related issues. Full details here.
Missing a loan EMI does not give banks unlimited powers to seize assets or let recovery agents harass borrowers. Heres what banks can legally do after a default and what borrowers can do if recovery agents cross the line.
Credit card debt can delay financial freedom through high interest costs. Check and understand practical ways to repay outstanding balances, avoid minimum-payment traps, manage EMIs and build healthier money habits for long-term financial stability.
Sony Pictures Networks India launches a general entertainment channel in Tamil called Sony Vizha
Sony Pictures Networks India is launching a new Tamil channel named Sony Vizha. This general entertainment channel will officially go live in October 2026. The channel aims to offer premium content deeply rooted in Tamil culture and language. Sony Vizha will feature original fiction, global reality formats, and movies. This launch signifies Sony Pictures Networks India's entry into the Tamil entertainment market.
Mutual funds deployed over Rs 9,700 crore across 11 IPOs in July. Check key details
Mutual funds invested nearly Rs 9,789 crore across 11 IPOs in July, with INDO-MIM attracting the highest allocation at Rs 3,622 crore, followed by SBI Funds Management and Manipal Health Enterprises, highlighting strong institutional appetite.
Mahindra launches BE 6 SPORTEQ with BaaS, new three-screen cockpit: Check price and more features
Mahindra has launched the BE 6 SPORTEQ with a new three-screen cockpit, Google Gemini-powered TEQ_Talk, six TEQ Suites and added performance and personalisation features. Prices start at Rs 11.45 lakh under the Battery as a Service model, with deliveries beginning on August 26, 2026.
SCSS account close to maturity date? Here's what retirees need to know about extending their account
SCSS offers retirees a fixed-income investment with government backing, quarterly payouts, and an attractive interest rate. Here's what retirees need to know about extending their account.
Around 12 equity mutual funds delivered over 40% returns since August 15, 2025, led by international and thematic funds. Nippon India Taiwan Equity Fund topped the list with 140.91%, while several domestic diversified funds posted more moderate gains.
India changes two-decade old rule to make you watch more advertisements during TV shows
The Ministry of Information & Broadcasting has lifted the long-standing cap on television advertisement durations, enhancing competition and streamlining business operations. Previously, channels were bound to a limit of twelve minutes of ads per hour. This notable change reflects the broadcasting sector's growth and digital evolution, while also affecting ongoing legal matters and industry standards related to advertising.
SEBI has proposed allowing NRIs, OCIs and eligible foreign nationals in FATF-compliant countries to complete digital KYC for Indian securities investments without travelling to India. The proposal also seeks to make KYC records portable.
5 financial mistakes that can quietly erode your wealth: Experts share simple ways to avoid them
Some common financial mistakes can weaken long-term wealth creation, from inadequate emergency savings and insurance to frequent fund switching and poor asset allocation. Experts explain practical ways Indian investors can protect savings and invest more effectively.
UK Renters Act: If the tenancy agreement had an end date, it will no longer apply as fixed term tenancy is not allowed; Know how it impacts landlords and tenants
Large cash deposits in savings accounts can attract scrutiny from banks and tax authorities. Deposits exceeding 10 lakh in a financial year must be reported, requiring depositors to disclose their sources to avoid potential tax implications.
If housing society expels resident from membership by 3/4th majority votes, should the resident vacate or sell the flat? Know what the law says
D-Street ends in red for a third week on West Asia deal delay, oil spike
The Indian equity market saw a decline on Friday, ending a lackluster trading week as geopolitical tensions and rising crude oil prices loomed over Dalal Street. With the benchmark indices marking their third consecutive week of losses, market apprehensions were evident. Despite this, the results season brought some volatility, with a notable interest from both foreign and domestic institutions amidst the ongoing market fluctuations.
ITAT Ahmedabad has deleted a 2.31 lakh income-tax penalty imposed on a taxpayer over a 3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.
The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Heres what the 60 lakh, 2 crore and 5 crore thresholds mean for taxpayers and pending income-tax disputes.
Paying rent using a credit card? These common mistakes could lower your CIBIL score
Using a credit card for rent payments can offer convenience and rewards but may incur significant costs. Here's what you need to know before considering it.
A life insurance claim was rejected due to alleged non-disclosure of a prior proposal. The insurer failed to prove the policyholder knowingly concealed this information. The consumer commission ruled that insurers must prove conscious concealment, not just non-disclosure. Tata AIA Life Insurance was ordered to pay the Rs 1 crore death claim. This case highlights the need for insurers to provide evidence of deliberate suppression.
Independence Day bank holiday: Are banks open or closed on August 15? Check status
Bank holiday today: Cstomers are advised to check local holiday schedules, as state-specific holidays may further impact branch operations throughout the month. With regional festivals leading to varying closures in different states, it ensures employees can take time off for significant national and local events.
An Air India flight experienced a rare hydraulic control loss, injuring 24 passengers. The aircraft's flight data recorders showed a sudden pressure drop across all systems. This incident caused the elevators and ailerons to briefly stop responding to pilot commands. While the captain is under scrutiny, initial data suggests no human error caused the event. Investigators are examining a hydraulic pressure switch to determine the exact cause.
Quick commerce firms are engaging with manufacturers to boost sales of large appliances. Established e-commerce players are also striving for quicker delivery options. Some businesses are considering models that utilize manufacturer warehouses alongside retail locations. This strategic move is intended to elevate average order values and enhance profit margins, reflecting the evolving consumer demand for speedy delivery across various categories.
India cuts windfall tax on exports of petrol, diesel, aviation fuel
India has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while petrol duty is zero. Aviation turbine fuel exports will now face a 19.5 rupee per litre tax. These levies were first imposed in July 2022 and reintroduced in March 2026. India revises these export taxes every fortnight based on global oil prices.
SC slaps Rs 10 lakh fine on Reliance Industries for delaying NTPC gas supply suit
The Supreme Court fined Reliance Industries ten lakh rupees for delaying a suit. NTPC filed the natural gas supply contract case against Reliance back in 2005. The court noted Reliance's continuous obstruction of the legal proceedings for two decades. This action came after the Bombay High Court's decision regarding witness affidavits. The apex court expressed strong disapproval of the prolonged litigation and its impact.
