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HDFC Bank CEO Sashidhar Jagdishan to step down in October
Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process.
Air India teases another new Boeing 787-9 from Everett
Air India has teased the arrival of another Boeing 787-9 Dreamliner aircraft. This development marks another step in the airline's ongoing fleet transformation plans. The carrier is also refurbishing its existing legacy Boeing 787-8 aircraft with upgraded cabins. By the end of 2026, nearly sixty percent of its widebody fleet will feature modern interiors. This signals a milestone in strengthening its international long-haul market position.
India weighing steps to help Nepal with more power
India is processing requests for increased power flow to Nepal. Nepal seeks advance import approvals effective September due to flood damage. Flash floods caused significant infrastructural damage to Nepal's power generation units. India's national grid capacity can absorb the temporary shortfall seamlessly. Major cross-border transmission corridors remain operational and projects continue on schedule.
On September 1, LPG and ATF prices, along with banking charges, may change. Consumers should check local prices and bank fees to avoid unexpected costs. Important tax deadlines also impact taxpayers, with August 31 being crucial for return filings and Aadhaar authentication.
There is increasing demand for education loans from Tier II and III cities, lending data from Kuhoo Finance platform showed. Smaller cities account for 86.5% of applications on the platform, it added.
Dussehra bonus: Central govt employees demand 3x jump in 7,000 payment ceiling
In a letter to the Cabinet Secretary, the National Council highlighted that the central government's revision of the minimum wage to 21,000 per month alters the calculation formula
EPFO 3.0: Centralised database, more digital and online withdrawal options through UPI and ATM, quicker settlement times and more. Here's a look at the key features, and what changes for subscribers
UPI transaction limits explained: From 1,000 to 5 lakh, how much can you transfer?
NPCI and the RBI have permitted higher transaction limits for certain categories. These include tax payments, initial public offerings (IPOs), hospitals and educational institutions, among others
HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office
HDFC Bank CEO Sashidhar Jagdishan will not seek reappointment after his term ends this October. He conveyed this decision to the board despite their persuasion efforts. The bank will now fast-track the process of selecting his successor. Jagdishan's tenure included overseeing the significant merger with HDFC Ltd. His departure marks the end of a nearly three-decade association with the institution.
8th pay commission meeting in Jaipur on Monday Here is what's on the agenda and latest updates
The 8th pay commission has scheduled a meeting in Jaipur from 31 August to 1 September to consult with employee groups and stakeholders before finalising recommendations. The announcement is expected latest by May 2027.
Private credit offers up to 22% returns: Why the advertised gains may not be what you get
Private credit offers higher returns but entails significant risks compared to traditional debt investments. Investors must evaluate underwriting practices, fund performance, and fees, while being mindful of liquidity and the impact of taxes on returns.
A Mumbai ITAT ruling has clarified how Section 54 applies when taxpayers invest in two adjacent flats. The Tribunals finding on their amalgamation could offer an important distinction from the rule governing investment in two separate residential houses.
Got 1 crore in ESOPs? You may need 22 lakh upfront before you can cash out
Falling valuations coupled with delayed exits decrease certainty regarding when and at what price shares can be monetized
NCRTC signs pact for 110 MW solar plant to meet 60 pc of Namo Bharat corridor's power needs
NCRTC will procure solar power for the Delhi-Meerut Namo Bharat corridor. A 110 MW solar plant will meet nearly sixty percent of electricity needs. This plant, costing Rs 450 crore, will be commissioned within twenty-four months. It aims to reduce operational costs and dependence on conventional power sources. The project is expected to significantly cut carbon emissions annually.
NRI inheritance: You live abroad, your assets are in India which country's laws decide who inherits?
Under Indian law, asset classification dictates which legal framework applies when someone dies without a will (intestate)
Troubled Essel Group and Zee founder Subhash Chandra has claimed that he is running expenses from income generated by renting out a portion of a small residential house that he owns. Here's what we know
Foreign banking firms significantly boosted office space leasing for global centers. This sector's demand for office space rose seventy percent year-on-year. IT and IT-enabled services companies saw a decrease in their office space absorption. Other service companies also increased their office space leasing across major cities. India's commercial real estate market shows a diversified and resilient demand profile.
India's food regulator has banned compounded hing products from Everest and Laljee Godhoo. Samples from Everest were found misbranded and sub-standard, failing alcohol soluble extract norms. Laljee Godhoo's hing also failed quality tests and contained excess starch. Both companies must submit action plans to ensure future compliance. Further action may follow if these companies do not meet standards.
Rima invests in PPF, while Seema opts for an equity SIP. Rima's corpus may reach 32.5 lakh after 15 years, tax-free. Seemas final amount fluctuates based on market returns, potentially achieving up to 46 lakh after tax, highlighting differing investment risk and reward dynamics.
If the collective total of specified excluded pay items exceeds 50% of an employees total compensation, any amount over that 50% mark will automatically be reclassified and treated as wages
Three South Indian medtech startups win HealthSprint 2026
Three innovative South Indian medtech startups, BioCipher Labs, Prodancy, and Mykare.ai, have triumphed in the HealthSprint 2026 initiative organized by Israel in collaboration with GINSERV. Their creative pitches impressed judges, earning them a unique opportunitya fully funded week-long program in Israel. Here, they will dive into the Israeli healthcare landscape, unlocking new global market avenues. This collaboration is paving the way for advancing healthcare innovation on an international scale.
Comedian Samay Raina is facing criticism for remarks made about people from Bihar and Kashmiri Pandits. Clips of the exchange from India's Got Latent, Season 2, circulated widely on social media. BJP MLA Ram Kadam condemned the statements, calling them attention-seeking and disrespectful. Reactions from the Kashmiri Pandit community were mixed regarding the comedian's jokes. The episode also featured an exchange about vlogging with Archana Puran Singh.
Zee founder Subhash Chandra's next move: An investment job in Switzerland
Subhash Chandra plans a professional role with Swiss investment firms. He will use his remaining Rs 6.5 crore for a repayment plan. Creditors will recover a fraction of their Rs 22,006.57 crore claims. The insolvency case stemmed from a personal guarantee for a loan default. Chandra expressed confidence in earning again and pursuing new ventures.
Cipla Pharma license cancellation: FDA withdraws order after HC raps it for going 'overboard'
Maharashtra FDA withdrew its order to cancel Cipla Pharma's drug sale license after court intervention. The Bombay High Court criticized the regulator for acting in a high-handed and overboard manner. The FDA will now issue a fresh show cause notice to the company for a reasoned order. This action followed alleged irregularities in packaging, storage, and recall of specific tablets.
Revised CBG pricing to support producers, consumer impact to remain negligible: Petroleum Ministry
The ministry stated that the higher CBG procurement price wont lead to a similar rise for consumers due to government support and the cost being distributed across a larger domestic gas pool
The Public Provident Fund (PPF) is a government-backed savings scheme in India with a 15-year lock-in period. Check rules, eligibility, and guidelines that NRIs must know about this post office savings scheme.
Awarapan 2 box office: Emraan Hashmi film crosses Rs 200 crore worldwide
'Awarapan 2' starring Emraan Hashmi has made a splash at the global box office, crossing the impressive two hundred crore rupee milestone. The film, directed by Nitin Kakkar, sees Hashmi reprising his iconic role as Shivam. As Shivam navigates the ruthless Bangkok underworld, his mission is to rescue kidnapped children. Featuring performances from Disha Patani and Shabana Azmi, this sequel builds on the legacy of the original 2007 film.
In your 20s? Follow these 5 simple money rules to build a strong financial future
Check out five simple money rules for your 20s, including budgeting, building an emergency fund, investing early. These practical personal finance tips can help young earners develop stronger financial habits and prepare for future goals.
SCSS + RBI Floating Rate Bonds: Check how 50 lakh can generate 4.07 lakh a year for seniors
A 50 lakh retirement corpus split between SCSS and RBI Floating Rate Savings Bonds can generate around 4.07 lakh annual interest before tax, offering senior citizens predictable income and staggered payouts.
DA hike explained: How much will your salary actually increase? Heres the simple calculation
A DA hike of 3 percent or 4 percent does not mean an employees total salary will rise by the same percentage. Here we explain how to calculate your salary after a hike.
Ather launches Konarc electric scooter at 99,999 with 200 km range, 10-year battery warranty
The new Konarc electric scooter by Ather Energy is now on the market, starting at 99,999. This model features the innovative EL platform and comes in six distinct variants. Prioritizing ride comfort and road stability, the Konarc introduces an in-house developed Advanced Electronic Braking System for heightened safety. Additionally, it offers a remarkable 10-year battery warranty along with increased service intervals for added convenience.
These 12 equity mutual funds turned a Rs 10,000 SIP into over Rs 11 crore
An ETMutualFunds analysis found 12 equity mutual funds that turned a Rs 10,000 monthly SIP into more than Rs 11 crore since inception, led by Nippon India Growth Mid Cap Fund.
Parag Parikh Liquid Fund among 5 low-cost mutual funds that delivered strong 6-month returns
Five mutual funds delivered strong six-month returns while maintaining relatively low expense ratios. Parag Parikh Liquid Fund was among the top performers, with a 3.34% return and 0.10% expense ratio.
The case concerns one Bhowmick, a resident of Gurugram, who invested about $300,000 in a Bermuda-focused global investment fund while in Singapore on May 19, 2015. He cashed it out on March 16, 2016 and received $ 3.14 lakh (3,14,608.15) upon redemption. Here's what happened next.
Planning to invest for 3 years? Check these 6 equity mutual funds with over 25% gains
Six equity mutual funds delivered over 25% returns in three years. Here are the top performers, along with their AUM, expense ratios and ratings, according to MF Screener.
Steel demand outruns capacity as prices stage comeback from monsoon slump: Kotak
Domestic steel demand is projected to remain strong, exceeding capacity additions through FY2029. Robust consumption trends are supported by healthy industrial and infrastructure activity across India. Long steel prices have recovered significantly and are expected to rise further with favorable seasonality. Flat steel prices are currently at a discount to import parity, with regional prices potentially increasing.
CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain
In Delhi, the cost of CNG has gone up by Rs 3.89 per kg, reflecting a response to rising import costs and geopolitical uncertainties on a global scale. Significant unrest in West Asia has disrupted vital shipping lanes for natural gas. Nonetheless, Indraprastha Gas Limited continues to protect consumers from harsh market fluctuations while ensuring a reliable supply of CNG.
Launch of 6,000 luxury hotel rooms likely in Delhi by 2030
Delhi NCR anticipates significant hotel room additions by 2030. New luxury hotels from Taj, Marriott, and Hyatt are planned. Approximately 4,000 to 5,000 rooms are expected to open by 2029. High land costs and development constraints continue to limit new supply. The market remains supply constrained with strong performance indicators.
The Odisha government released the fifth installment of the Subhadra Yojana on 28 August, disbursing 5,160 crore to eligible women. The annual payout of 10,000 is delivered via Direct Benefit Transfer.
Apparel exporters urge commerce minister Piyush Goyal to regulate cotton yarn exports
Apparel exporters requested government intervention to regulate cotton yarn exports. Rising yarn prices are significantly hurting the industry's global competitiveness. Limited stock and increased demand from countries like Bangladesh and Vietnam contribute. Higher manufacturing costs affect opportunities in new free trade agreement markets. Value addition through finished garments offers greater economic benefits than raw materials.
AMFI re-elects Sundeep Sikka as Chairman, Vishal Kapoor as Vice Chairman
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman for another term. Sikka, MD and CEO of Nippon Life India Asset Management, and Kapoor, CEO of Bandhan AMC, were unanimously re-elected by the Board after AMFI
JioBlackRock Mutual Fund to launch balanced advantage fund in September. Check dates and key details
JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September, with the NFO open for subscription from September 11 to September 25. The fund will invest dynamically in equity and debt instruments. Here are the key details, including the NFO dates, asset allocation, benchmark, fund managers and risk level.
New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10 lakh, 25 lakh and 50 lakh CTC.
The 8th Pay Commission delay could cost Level 3 to 6 central government employees up to 3.45 lakh in projected allowance losses, depending on implementation timing, fitment factor and revised HRA and transport allowance rates.
UPIs market share expands more at debit, credit cards expense
UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant transactions. This shift focuses on the sustainability of the UPI payment ecosystem.
Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of regulations. Stricter rules apply to agricultural lands and farmhouses, particularly regarding their sale and repatriation. The method of repatriating sale proceeds varies based on the property's origin and classification.
Revamping aged societies opens the door to fresh residential and commercial opportunities in Mumbai. Choosing between hiring a builder or embarking on self-redevelopment requires careful legal and technical assessments. The self-redevelopment route, supported by government initiatives, can be beneficial. Success relies on meticulous planning and strong consensus among members for the project to thrive.
Gold producers achieved record margins and cash flows in early 2026. Rising royalty payments significantly increased mining costs during this period. Despite higher expenses, gold prices surged to historic highs. Miners maintained capital discipline, returning substantial funds to shareholders. Supply chain disruptions are expected to further impact costs in the next quarter.
'Key to long-term growth': Temasek backs Singapore Airlines Air India bet amid investor scrutiny
Singapore's Temasek supports Singapore Airlines' Air India investment for future growth. This strategic move aims to deepen the carrier's presence in India's large aviation market. Singapore Airlines seeks to establish a second hub outside its home country. Temasek acknowledges the complex, multi-year integration challenges ahead. The investor believes these initiatives are vital for sustained long-term growth.
ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.
Wholesale milk prices in Mumbai to rise 9 per litre to cross 100 from Sept 1
Starting on September 1, Mumbai's milk wholesale prices are set to surge by 9 per litre, a change driven by increased operating expenditures for dairy farmers. This new pricing structure will be maintained for six months, necessitating local vendors and dairies to revise their retail costs. As a result, businesses reliant on milk will also incur higher input expenses.
Max Estates to acquire 84.71-acre land in West Delhi for Rs 420 crore
Max Estates will acquire 84.71 acres in West Delhi through a non-cash share swap, issuing up to 70 lakh equity shares worth 420.2 crore to the landowners. The deal gives Max Estates its first Delhi foothold and is expected to unlock 10,00012,000 crore in gross development value. It expands the companys residential presence across Delhi, Noida and Gurugram.
SIP inflows surge, but small savers shrink: What the latest data reveals
Over the past financial year, the number of accounts contributing between 500 and 1,000 fell by nearly 1.4 millionthe first decline in years.
Senior citizens can earn up to 8.5% on 5-year FDs: Check banks offering the highest rates
For those investing substantial sums, even a marginal variation in FD rates can have a significant impact on the total interest earned.
The 8th Pay Commission is stepping up consultations across India. Here are the five latest official updates on regional meetings, submissions, consultants, fitment factor, salary revision and the expected timeline.
Passenger vehicle demand shows constructive growth, likely exceeding nine to ten percent year-on-year. Two-wheeler retail growth is estimated between eighteen and twenty percent during August. Commercial vehicles also posted steady trends with double-digit retail growth. Demand in southern markets led passenger vehicle sales due to early Onam. Improved supply chains and steady inquiry levels support broad-based retail momentum.
Want to turn 50,000 into 1 lakh? Compare KVP, PPF, SCSS, Sukanya Samriddhi and NSC interest rates, doubling periods, eligibility, tax treatment and lock-ins to identify which small savings scheme best suits your financial goal.
Bank Holiday Today, 29 August: Are SBI, PNB, HDFC, ICICI, and Axis Bank branches open?
Bank Holiday Today, August 29, 2026: SBI, PNB, HDFC Bank, ICICI Bank and Axis Bank branches are open as it is the fifth Saturday, and digital banking services remain available as usual.
FD rate up to 8.5% for senior citizens investing for five years; know the list of banks
For senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with a maximum limit of Rs 3 crore, are typically available for a five-year tenure. Importantly, if the interest earned exceeds Rs 1 lakh in a year, TDS is deducted.
Saturday bank holiday: August 2026 features significant celebrations such as Ker Puja and Independence Day that will influence bank schedules. To stay informed, customers are encouraged to refer to the RBI holiday calendar for detailed updates.
Drugmakers may bear sole responsibility for overpricing essential medicines under NPPA proposal
The National Pharmaceutical Pricing Authority aims to hold drug manufacturers solely accountable for the excessive pricing of essential medications. This initiative could shield retail chemists and hospitals from legal repercussions concerning pricing infractions. Manufacturers are likely to challenge the proposal, alleging it is uncompromising and unjust. Previously, substantial penalties have been levied against drugmakers for such transgressions.
India doubles 5G radiation limit to global standard
India has doubled electromagnetic field limits for mobile networks to global standards. This change allows telecom operators to cover larger areas with fewer towers. The revised radiation rules will come into effect next month, benefiting all operators. This move aligns India with international norms followed by many countries. It aims to ensure quality service amid rising 5G traffic.
TVS Motor names global biz head Peyman Kargar as next chief executive
Kargar will take over as director and CEO from K N Radhakrishnan on January 27, 2027, TVS Motor said on Friday. Radhakrishnan will continue as CEO until then and subsequently serve as a non-executive director till the company's annual general meeting scheduled for July 2027. The leadership change comes after TVS Motor sold 5.9 million vehicles globally in FY26 and reported 30% revenue growth.
CIL fears coal gasification scheme will blunt its edge
Coal India has raised concerns about the coal gasification incentive scheme's rules. The company believes the short bidding window disadvantages state-run firms. Excluding captive power plants from eligible costs also creates a disadvantage. Coal India requested a six-month application period for the initial round. The ministry rejected this, citing immediate subsequent bidding rounds.
Food safety eateries' body says fix the problem, not the blame
Several prominent Indian restaurants face hygiene violation allegations from consumers and regulators. NRAI president emphasizes fixing problems and fair enforcement over blame and reputational damage. Social media scrutiny and regulatory actions are impacting well-known food establishments across the country. Enforcement must follow legal procedures, offering businesses a chance to rectify issues. This situation highlights the ongoing need for stringent food safety standards and transparent oversight.
Peg by peg, Vodka's share is rising in India
Vodka is capturing a record share of India's liquor market, driven by younger consumers and women. This trend marks a significant structural shift towards white spirits, especially vodka. Radico Khaitan's vodka business has seen substantial growth over the past five years. The company has also focused on premiumizing its whisky portfolio to adapt. This strategic move reduces dependence on lower-priced liquor and commodity selling.
12 years of PM Jan Dhan Yojana: Banking for All, Empowerment for All
Today, the aim of this programme goes beyond focusing on household, but every adult who did not yet have a bank account In January 2015, a remarkable thing happened in India that more than one crore eighty lakh bank accounts were opened across the country within a week, this feat was also recognised by the Guinness World Records. This didnt happen in a big-city alone, but across small towns and remote villages, where families who had never possessed a bank account gained access to banking for the first time. That January week-long drive is now popularly known as Pradhan Mantri Jan Dhan Yojana, or simply PM-JDY. A large number of those who opened accounts had no prior experience of dealing with banks; they had never owned a debit card, and never had a place to keep money safe other than at home. Since then this drive has grown into a nationwide movement that has assisted the lives of hundreds of millions of Indians. The trajectory of PM-JDY As of August this year, the number of PM-JDY accounts across the country stands at 59.09 crore, this number was recorded to be 14.72 crore in 2015. The numbers have gone four times. Of these bank accounts, nearly 46 crore belong to people in rural and semi-urban areas, the places where access to banks was hardest to come by. As per the official records, around 33 crore of the account holders are reportedly women, a number that has kept rising year after year. When the scheme started, at that time the goal was deemed to give every household a bank account. A few years later, in 2018, that goal grew bigger. Today, the aim of this programme goes beyond focusing on household, but every adult who did not yet have a bank account. This shift meant more people, especially women and workers in informal jobs, could open an account in their own name, not just through the head of the family. Opening the account is only the beginning of what the scheme offers. Other benefits of this scheme According to this scheme, every account holder gets a RuPay debit card, which works at ATMs and shops across the country. So far more than 41 crore such cards have been given out. Along with the card comes accident insurance, worth up to two lakh rupees for accounts opened after August 2018, and the account holder does not pay anything for this cover. After six months of regular use, account holders can also apply for an overdraft of up to ten thousand rupees, giving a small cushion of credit to families who may never have had access to a loan before. The scheme also acts as a window to other government support. Money meant for pensions, subsidies, and welfare payments reaches people directly through these accounts, cutting out delays and middlemen. Account holders can also join pension and insurance schemes such as the Atal Pension Yojana, the Pradhan Mantri Jeevan Jyoti Bima Yojana, and the Pradhan Mantri Suraksha Bima Yojana, all built around the same bank account. Money in these accounts has grown too, and grown fast. Deposits have gone from about fifteen thousand crore rupees in 2015 to over three lakh sixteen thousand crore rupees in 2026. This tells us something beyond numbers on a balance sheet. It tells us that people are saving more, trusting banks more, and relying less on cash kept at home or informal moneylenders. India's Financial Inclusion Index, a measure of how well people across the country can access banking, credit, insurance, and digital payments, has moved from 53.9 in 2018 to 67 in 2026. Global institutions like the IMF and the World Bank have also spoken about the role PM-JDY has played in this change. What began as a week of opening accounts has turned into a permanent shift in how India banks. A scheme that started with a simple idea, that every family deserves a place to keep their money safe, has grown into a wide network of savings, credit, insurance, and pensions reaching the parts of the country that needed it most. Twelve years is a long time in the life of any government programme, but for the person who opened their first account in that record-breaking week in 2015, it has been the start of something that continues to shape how they save, borrow, and plan for the future. (Courtesy: PIB Srinagar)
CNG price hiked by Rs 3.89/kg in Delhi-NCR amid West Asia crisis
New CNG price: Indraprastha Gas Limited has raised compressed natural gas prices by Rs 3.89 per kilogram. This price adjustment took effect on Saturday, impacting Delhi-NCR consumers significantly. The increase reflects higher import costs for liquefied natural gas amid global energy price fluctuations. Consequently, freight and passenger fares across the region are expected to see an upward revision. This marks the fifth CNG price hike in Delhi-NCR this year.
OIL, IOCL exit Gabon block, end decade-old oil project
Oil India and Indian Oil have relinquished their Shakthi-II exploration block in Gabon. This action terminates their Production Sharing Contract with the country's Directorate General of Hydrocarbons. The project began with an oil discovery over a decade ago. However, repeated delays ultimately led to the block's relinquishment. Both companies had entered the block in an equal fifty-fifty partnership.
Renewable energy projects can now store and sell curtailed power using co-located battery systems
The renewable energy landscape is evolving as the power ministry allows the storage of curtailed electricity from renewable projects. This stored energy can be harnessed to charge on-site battery systems, enabling developers to independently sell this surplus power via power exchanges. This initiative not only enhances the effective use of renewable energy generation but also opens doors for monetizing energy that would otherwise go to waste.
Raidurg land auction breaks record, fetches Rs 269 cr per acre
Hyderabad: In just one week, Telangana Industrial Infrastructure Corporation (TGIIC) achieved another landmark in its Raidurg auction, with the 5.38-acre plot auction generating Rs 1,447.22 crore at Rs 269 crore per acre. On August 21, the previous such auction fetched Rs 264 crore per acre, generating Rs 1,386 crore in revenue. Twenty-five per cent of Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman. Here's a look at the careers, experience and industry roles of the two executives who will continue to lead Indias mutual fund industry.
Odisha Chief Minister Mohan Charan Majhi announced the release of over 5,160 crore under the Subhadra Yojana. To check your instalment, visit the official portal or your bank account. Use your mobile number, Aadhaar, or application ID to verify the application status.
Big tax relief: How a former BSNL employee won full VRS exemption at Chennai ITAT
Tax experts said the former employee succeeded because the Chennai ITAT accepted that the compensation paid under BSNL VRS-2019 was, in substance, retrenchment compensation rather than ordinary VRS compensation.
US Treasury yields rise: How it could impact Indian bonds and borrowers
US Treasury yields are rising amid concerns over US debt, deficits and inflation. Here's how higher US yields could affect Indian bonds, foreign flows and borrowing costs, and why investors should watch the US bond market.
Step-up SIP explained: How an extra 1,000 can boost your retirement corpus
A slightly higher starting contribution can produce a considerably larger corpus when combined with the same annual step-up strategy.
How much money do you need to retire? Start with expenses, not a 1 crore target
Retirement corpus plan: There is no one-size-fits-all retirement corpus. Your target should factor in current spending, inflation, retirement age, lifespan, post-retirement income and investment returns. Here's how to calculate how much you may need.
When pay cheques stop: Why every salaried professional needs these 3 financial pillars
The starting point of any solid financial plan is a dedicated emergency reserve.
IndiGo Ventures to invest in Indian firm Sarvam to expand AI use in aviation
IndiGo Ventures is investing in Sarvam, an Indian artificial intelligence company. This investment supports their ongoing partnership focused on AI applications. They will continue developing AI for customer experience and operational improvements. The collaboration aims to create a platform for AI-driven innovation. This venture deepens engagement exploring further enterprise AI applications.
Small-cap funds see strong inflows: Groww AMC identifies 4 sectors with long-term growth potential
Groww cautions that small-caps remain a highly volatile investment category. Investors should therefore maintain a long-term horizon of at least eight to 10 years to potentially generate sustainable returns and a healthy CAGR.
Delhi-Bilaspur Alliance Air flight suffers tyre burst on landing
An Alliance Air flight experienced a tyre burst while landing at Bilaspur airport. The aircraft was carrying thirty-seven passengers and four crew members safely. All individuals on board were evacuated from the plane without any injuries. The airline subsequently cancelled the onward journey of the affected flight. Further details regarding this incident are still awaited by officials.
Foreign assets disclosure: Key FAST-DS rules Income Tax Department wants taxpayers to know
The Income Tax Departments FAST-DS scheme gives eligible taxpayers a limited window to disclose certain foreign assets. Here are the key rules on eligibility, valuation, tax, penalties and the 31 December 2026 filing deadline.
ITAT rejects tax departments FTS, royalty claims on Spencer Stuarts executive search fees
The income-tax tribunal ruled in favor of Spencer Stuart International BV. Executive search fees were not treated as technical services under the tax treaty. The tribunal deleted a tax addition related to expense reimbursements. A separate dispute concerning management fees was sent back for fresh examination.
Black money case: ITAT quashes tax demand & penalty
Airtel leads July user rush, Jio close behind
Invesco India Pharma and Healthcare Fund NFO is open for subscription. 7 key details to know
Invesco India Mutual Fund has launched its Pharma and Healthcare Fund, open until September 1. The thematic scheme will invest across pharma, hospitals, diagnostics, CDMOs, medical devices and healthcare services, with a minimum investment of Rs 1,000.
Top 5 SIFs deliver upto 14% return in 3 months, QSIF Active Asset Allocation SIF leads
The top five SIF strategies delivered returns of up to 13.39% over the last three months, with long-short and hybrid strategies dominating the list. QSIF Active Asset Allocator Long-Short Fund topped the performers with a 13.39% return, followed by QSIF Equity Ex-Top 100 Long-Short Fund at 12.58%, according to SIF360 data.
Deadline to file income-tax returns for business or professional (including freelancers) income, is fast approaching on 31 August. Here's who must file their returns, checklist for taxpayers and top things to know
Indian logistics hubs outperform Asia Pacific markets on rental growth
India's key logistics markets show strong rental growth, outperforming the Asia-Pacific region. Sustained manufacturing and domestic consumption support this robust performance across India. Prime logistics rents in Mumbai, Delhi-NCR, and Bengaluru saw significant year-on-year increases. Occupiers seek modern facilities for larger inventories and sophisticated distribution networks. Experts anticipate continued steady growth for India's logistics real estate market.
Jubilant Generics receives show-cause notice demanding over Rs 105 cr
Jubilant Generics received a Rs 105.5 crore GST show-cause notice from Uttarakhand authorities. The notice alleges improper availment of tax refund and Advance Authorisation Scheme benefits. This action pertains to the fiscal years 2020-21 and 2021-22. The company plans to contest the notice and file a detailed reply soon. Jubilant Pharmova expects no significant financial or operational impact.
