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The Union Ministry of Finance has made moves to enable merchant discount rates on UPI and proposed scrapping the zero MDR provision. We take a look at what this decision could mean for UPI customers.
REITs and REIT mutual funds offer investors exposure to the real estate sector but differ in structure, taxation, and returns. While REITs focus on rental income from properties, REIT funds combine REIT exposure with real estate equities.
Closing price discovery faces first test as CAS spikes Nifty by nearly 200 points
The top 10 stocks contributed around 30% of the total CAS turnover on NSE
Delayed justice in market violation cases makes pittance of penalties
Investigated by multiple agencies for over two decades, the co-location case relates to allegations that certain brokers received preferential access to market data ahead of other participants
If a similar mutual fund with a proven track record already exists in the market, experts say investors should prefer an established scheme unless the NFO offers a genuinely differentiated strategy that complements their portfolio and investment goals.
NCDEX entry into MF distribution will be a Vande Bharat movement for the industry
MV Electrosystems saw robust demand across investor categories
Only two value funds have negative alpha, indicating they lag their benchmark indices, while Quant Value Fund and DSP Value Fund record the highest positive alpha. The contrast in alpha was also reflected in return performance, with the positive-alpha funds delivering better returns.
Fusion CX plans to launch 1,000-crore IPO by October
The proposed public offering comprises a fresh issue of around 600 crore, while the remaining portion will be raised through an offer for sale
Hindenburg-linked FPIs withdraw SAT plea against SEBI, plan to refile
Funds seek to amend petition challenging adjudication process.
SBI Pension Funds crosses 6 lakh crore in AUM
Managing Director and CEO Pranay Ranjan Dwivedi attributed the growth to subscriber trust and a long-term investment discipline
Finance Ministry has approved an increase in EPF wage ceiling to 25,000 monthly from current 15,000, as per a Moneycontrol report. If approved this would expand coverage to more salaried workers.
LIC Mutual Fund to launch 500 crore SIF by October
Launch awaits approval; firm expands footprint, targets 1-lakh-crore AUM by FY27
How capital gains on foreign shares are computed and taxed in India
Upon returning to India, the person must compute capital gains from US shares in INR, using the exchange rate from the sale date. No concessions for rupee depreciation apply. Long-term gains are taxed at 12.5%, and disclosure of foreign assets is required for tax purposes.
Nifty surges past key resistance in CAS debut; crude slump, Iran talks lift sentiment
Nifty 50 closed at 24,774.30, up 390.70 points or 1.60%, after a 200-point surge in the closing minutes; Sensex rose 0.70% to finish at 78,639
RBI sold $14.9 billion in forex market during Jan-May 2026 to curb rupee volatility
The Finance Ministry also updated Parliament on loan recoveries, wilful defaulters, SWAMIH housing, gold loan NPAs and Kisan Credit Cards
DA, 7,500 minimum monthly pension, medical facilities Here's what the EPS95 National Agitation Committee is seeking from the government. It has warned of a protest on 5 August if demands are not met.
SEBI's new GARUDA framework has brought Alternative Investment Funds (AIFs) into the spotlight. While the industry has grown rapidly over the past decade, AIFs remain less familiar than mutual funds. Here's how experts explain the investment vehicle, who it is meant for and how SEBI classifies it.
Monsoon damage isn't limited to leaks and flooding. Experts explain what home insurance covers, key exclusions, and why both homeowners and tenants should review their policies.
Flexi-cap funds stay 61% invested in large caps, multi-cap funds remain balanced: Report
Despite flexibility in their mandate, flexi-cap funds remain more biased towards large-cap stocks, with 61% allocation. On the other hand, multi-cap funds maintain a more balanced exposure across large, mid, and small-cap segments.
Although payments for Annapurna Bhandar are generally credited in a phased manner during the first week of the month, many bank accounts have yet to receive the funds
Piccadily Agro shares up 2.47%; Indri Whiskys gets historic IWC wins
The stock touched an intraday high of 755.00 before settling near the days upper end, with 63.41% of traded quantity
Delhi has approved 100% salary hike for DDMA personnel, including project officers, district project officers, and project coordinators. The first such in 16 years, since the positions were created in 2009.
Sensex, Nifty, Stock Price Highlights: The fresh week began on a positive note for Indian stocks, thanks to softer crude oil prices and stable global markets.
A Delhi couple won 15.5 lakh in compensation after Axis Bank lost their original property papers and failed to return them after the closure of their 1.41 crore home loan. The Delhi State Consumer Disputes Redressal Commission ruled on the case.
Rupee ends flat as robust importer hedging blunts oil price relief
The currency peaked at 95.1275 as Brent crude prices fell following Trumps cancellation of an imminent attack, ending at 95.3375 per dollar, down from 95.38
HDFC Bank, ICICI Bank hike FCNR rates Check here for how much interest depositors now get
India's largest private sector lenders HDFC Bank and ICICI Bank have both hiked their FCNR (Bank) interest rates this month. Check here for how much fixed deposit interest NRI depositors now get
Bandhan AMC names Saurabh Jain Chief Business Officer
With over two decades in financial services, Jain has previously held leadership roles at HDFC Bank and Citibank, spanning wealth management, private banking, product management, sales, and branch banking
Juniper Green Energy IPO subscribed 2.67x so far on final day, QIB demand at 8.47 times
The IPO, priced in the range of 214-225 per equity share, comprised entirely a fresh issue of equity shares
Iran talks, crude crash fuel midday rally; IT joins financials at the top, pharma bleeds
Sensex trading at 78,719.67, up 625.03 points or 0.80%, and the Nifty 50 at 24,588.35, up 204.75 points or 0.84%, as of 1.30 PM
Passive funds go niche: should you bet on sectoral or thematic funds?
Passive investing has moved beyond broad-market indices. As sectoral and thematic index funds multiply, experts explain the opportunities, risks and who should actually invest.
Why aligning incentives a better alternative to capping insurance commissions
India scrapped insurance commission caps in 2023, but calls to revive them are growing. Evidence suggests transparency, staggered payouts and disclosurenot capsare more effective at curbing mis-selling.
PM VBRY: Link Aadhaar with bank account in 8 simple steps to enable Direct Benefit Transfer
PM VBRY beneficiaries can enable Direct Benefit Transfer by linking their Aadhaar with a bank account through NPCI. This guide explains the eight key steps, offline Aadhaar seeding, and how completing the process helps ensure timely incentive payments.
ZEEL shares plunge 13% after SEBI order in Hyderabad land pledge case
ZEEL asserts SEBIs order has no direct bearing on its ongoing 2,300 crore fundraising exercise
Small-cap funds dominated one-year SIP returns, with six schemes crossing the 20% mark and four featuring among the top five performers. Bank of India Small Cap Fund topped the list with a 40.05% annualised SIP return.
Divis Labs hits 52-week high as analysts pile in after healthy Q1
The stock has now gained over 25 per cent in the past month alone and 33 per cent year-to-date, significantly outperforming the Nifty Next 50 index, of which it is a constituent.
ITC shares bounce back as analysts back volume resilience despite cigarette earnings hit
ITC has shed over 30% in the past year and trades well below its 52-week high of 427, hit in September 2025
Gold firms as oil prices slump after Trump holds off on Iran attack
Gold has made a relatively cheery start to the week but gains remain limited given the uncertainty around the oil markets and the West Asia
How do Fed rates impact the Indian markets and your money?
The US Federal Reserve's interest-rate decisions influence currencies, markets and borrowing costs worldwide. Here's how a Fed pause can affect India's economy, investments and your finances.
ITC shares climb 4% as resilient cigarette volumes ease tax-hike concerns
Cigarettes account for the bulk of ITCs earnings, making the segments recovery a key focus for investors
Muthoot Finance shares tumble 14% despite Q1 profit, brokerages flag margin pressure
The gold loan lender reported a profit after tax of 2,550 crore in Q1FY27, compared with 2,046 crore in the corresponding quarter
Rupee rises 31 paise to 95.12 against US dollar in early trade
Forex traders say fall in global oil prices, FII inflows to India, a rise in countrys forex reserves and RBI support strengthened rupee
A Kerala consumer court ordered Federal Bank to pay 1.25 lakh after blocking a customer's international debit card without prior notice. The ruling reinforces that banks must communicate card blocks promptly, especially when customers are travelling abroad.
Urban Company shares jump 18% despite Q1 loss, Morgan Stanley upgrades to overweight
The home services platform reported a consolidated net loss of 92.12 crore for Q1FY27, compared with a consolidated net profit of 6.94 crore in the year-ago period
Gold and silver prices today, 3 August: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Q1 Results Today, 03rd August 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook
Apple suffers worst rout since 2025 on disappointing outlook
The disappointing forecast sends Apple shares down 7.4% to $308.91 in New York on Friday, their biggest single-day drop since April 3, 2025
8th Pay Commission: Employee unions are seeking annual increments of up to 7%. Illustrative projections show how 3%, 5% and 6% annual increments could significantly increase central government employees' basic pay over five years through compounding.
US dollar drops sharply against Japanese yen after market interventions
Before late last week, the dollar was trading above 163 yen, touching 40-year highs. After regulators were suspected of stepping in, it fell below 160 yen.
Can unpaid business expenses be claimed as tax deduction? ITAT Mumbai's ruling explains when you can
A redevelopment firm won tax relief after the ITAT ruled its 8 crore tenant compensation provision was not contingent. The order explains when unpaid business liabilities can still be claimed as deductible expenses.
Nifty, Sensex set for strong opening on August 3
Positive global cues, FPIs buying, Q1 results, monsoon to add strength to bulls
Over two dozen stocks across energy, Pharma, automobiles, PSUs will remain in focus on Monday
Filed your ITR before 31 July but found an error later? Tax expert explains who can revise and how
Filed your ITR before the 31 July deadline but spotted an error later? Eligible taxpayers can still revise their return under Section 139(5). Here's who can file a revised ITR, the process and the key documents to verify.
Women, younger borrowers and non-metro regions are driving credit growth in the country. The number of eligible Indians opting for loans has jumped from 34% in 2017 to 74% in 2026.
After years of small and mid-cap outperformance, large caps could be poised for a stronger phase. A new report cites six factors, including improving economic growth, attractive valuations and supportive macro trends, while urging investors to maintain a balanced market-cap approach.
Small-cap funds have emerged as the best-performing equity category in FY27 so far, delivering an average return of 22.31% between 1 April and 31 July. They were followed by mid-cap funds with 17.22%, flexi-cap funds with 14.06%, and large-cap funds with 10.52% returns.
How to calculate capital gains on NPS Tier II withdrawals
The eNPS portal does not currently provide a separate capital gains statement for Tier II accounts. Here's how withdrawals may be taxed and what investors need to know.
Income-tax returns: The due date for ITR-1 and 2 passed on 31 July, but taxpayers using ITR-3 and 4 have time to complete their process. Amid the tax season, we explain what invoices and documents employees should retain to support tax-free reimbursements.
With international mutual funds facing investment restrictions due to overseas limits, investors can explore domestic mutual funds with significant foreign equity exposure. A total of 15 equity and hybrid funds have invested in foreign stocks, including two schemes with more than 26% exposure.
Want to check your employees provident fund (EPF) balance, contributions, interest earned or download your passbook? Here's how you can do so using the official EPFO portal, Umang app, SMS, missed call or helpline.
The 8th central pay commission (CPC) has closed its window for data submission this week. Here's a look at the latest updates on its group consultations process before the panel makes its recommendations.
Gold, silver seen range-bound as focus shifts to US job numbers, Fed cues: Analysts
On the domestic front, gold futures for August delivery fell by 1,595, or 1.1%, during the last week to close at 1.41 lakh per 10 grams
Delhi Lakshmi Yojana portal received 33,730+ registrations within 12 hours of its launch on 1 August. The scheme offers eligible women 2,500 per month. Women aged 21-60 years, with annual family income up to 2.5 lakh and meeting other criteria, can apply.
RBI fixed deposit rules changes: Could this impact FD interest rates for customers? We explain
RBI has allowed banks to offer differential interest rates on bulk deposits based on their liquidity risk under the Liquidity Coverage Ratio (LCR) framework. We explain how this impacts customers and if this could affect your fixed deposit rates with banks
New market timings from Monday; F&O segment to remain open till 3:40pm
Revised trading hours add a Closing Auction Session for F&O stocks, improving market efficiency and price discovery, while non-F&O stock timings remain unchanged
Looking for top SIP performers? These 7 equity mutual funds delivered over 20% returns in 10 years
Only seven diversified equity mutual funds delivered annualised SIP returns of over 20% in the last 10 years, excluding sectoral and thematic schemes. A 10,000 monthly SIP in these funds grew to as much as 38.8 lakh, with small- and mid-cap funds dominating the rankings.
Multi-asset allocation funds attracted nearly 38,027 crore in H1 2026, about seven times the inflows into balanced advantage funds. The gap was driven by strong gold and silver returns, investor return-chasing behaviour, and fresh fund launches in the multi-asset category.
Dearness Allowance or DA is a percentage of basic salary, reviewed twice annually, and aimed at offsetting the impact of inflation for government employees and pensioners. Here's a look at all the dearness allowance announcements so far
Financial experts say behavioural biases such as recency bias, loss aversion and FOMO often lead investors to buy after rallies and sell during market corrections.
Though PPF comes with a lot of benefits, some common mistakes can make you lose key benefits or shrink your final corpus. Here's everything you need to know.
The July 31 ITR filing deadline has passed, but many taxpayers still have time to file their returns. Here's who must file by August 31, October 31 or November 30 under the revised filing calendar for AY 2026-27.
The deadline for ITR filing has passed, yet a viral claim about a Pune CA earning 12 lakh from nearly 400 clients during this peak tax season has sparked debate.
Mcap: 9 of top-10 most valued firms jumps 2.51 lakh cr, Bajaj Finance biggest winner
Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or 2.59 per cent.
The Gujarat High Court has held that the Income Tax Department cannot retrospectively apply the expanded powers under Section 55A to reopen old property valuation disputes. The ruling offers clarity for taxpayers involved in legacy capital gains cases.
Market outlook: RBI policy, Q1 earnings and global cues to steer markets this week
On the macroeconomic front, market participants will watch July Composite PMI and GST collection data for signals on the strength of domestic economic activity
How health insurance portability is becoming a trap for policyholders
Portability, a framework designed to benefit policyholders, is increasingly being driven by sales incentives, despite regulations prohibiting it. Consequently, the weakest link becomes the advice provided by the intermediary facilitating the switch, often with little accountability.
What happens to your EPF account when you take a career break for 12 years? Explained
Taking a career break allows your EPF account to remain active, continuing to earn interest until you turn 58. You can withdraw up to 75% after unemployment, but tax applies unless you've completed five years of continuous service before withdrawal.
The Telangana High Court has ruled that taxpayers cannot lose Section 54F capital gains exemption solely because a builder delayed completing or registering a home. The judgment says delays beyond the taxpayer's control should not defeat the tax benefit if the investment has already been made.
SCSS provides government-backed safety and regular quarterly income, while Small Finance Bank FDs offer flexibility and competitive rates. Explore a detailed comparison of returns, risk, liquidity and tax advantages before choosing the right retirement investment strategy.
Millennial investor Todd Baldwin became a millionaire in his 30s by employing a combination of real estate and equity investment. Here's how he used the housing hacking strategy to gain rental income and invested it in index funds.
Bank holidays this week: SBI, HDFC, ICICI, PNB and other banks across India will be closed for upto three days this week, but digital platforms like UPI and banking apps will remain operational.
The motorcycle and the Ferrari: when to indulge and when to hold back
Buy the Ferrari, by all means, on the day you become the person who has earned it. Until then, it's fine to admire one zooming past, and getting on with the un-Ferrari years that are the real work.
US President Donald Trump's policies have pushed up inflation, which has increased the potential social security payouts for Americans in 2027, and threatened to put the US' retirement programme at risk.
UPI transactions hit record 29.9 lakh crore in July; volume rises to 23.66 billion
UPI transactions hit a record 29.9 lakh crore in July, with 23.66 billion transactions. The value marked a 19% annual growth compared to last year, solidifying UPI's position in India's digital payment ecosystem.
The Municipal Corporation of Delhi (MCD) is considering one-time regularisation of contractual employees and extending entry-pay, DA, allowances, leaves and other benefits to them. Here's all we know
ITR filing due date: More than 5.9 crore income-tax returns were filed for AY 202627 by 31 July. Taxpayers filing the ITR-3 and ITR-4 (Sugam) forms must do so by 31 August and 31 October, respectively.
Annapurna Bhandar Yojana: When is the August 3,000 payment likely to arrive?
Beneficiaries of the Annapurna Bhandar scheme are inquiring about the August 2026 credit date. The scheme replaces TMC's Lakshmi Bhandar, offering 3,000 monthly aid.
The Delhi Lakshmi Yojana aims to empower eligible women by providing 2,500 in monthly assistance. Women aged 21 to 60 from households with an income of under 2.5 lakh can apply, with a local MLA or MP's recommendation required for a transparent application process.
