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UPI and personal loans are replacing credit cards in Indians' wallets: CIBIL
Credit card penetration in India remains low, with only 5.2 crore holders, representing 25% of the credit-active population. While usage is rising, first-time borrowers account for just 8% of new credit card issuances
PPF account turns dormant if you invest less than 500 a year: What you lose and how to revive it
PPF accounts become inactive if the annual 500 minimum deposit is missed, restricting benefits. Activation requires a request and payment of a penalty. Full details here.
SBI Mutual Fund to launch IPO on July 14
Price band to be announced later
Sebi has notified rules for open-market share buybacks effective August 1, 2026, allowing companies to repurchase shares through stock exchanges. Here's how your capital gains will be taxed and what to consider before selling your shares via the open market.
How many mutual funds should you own? Experts explain the right portfolio mix
Managing too many mutual funds complicates portfolio tracking without enhancing diversification. Experts suggest three to six funds can suffice, emphasising a mix of large, mid, and small-cap funds along with debt for balance.
Mutual fund assets surpass FPIs for the first time, driven by strong SIP inflows
Mutual funds now hold higher overall assets than FPIs, even as foreign investors remain the biggest equity holders.
SEBI replaces dollar-denominated registration fee to rupee for FPIs
As per the notification, the regulator has revised the registration fee for Category-I FPIs from $2,500 to 2.3 lakh
As the Magnificent 7 lose swagger, which stock should you buy now? Experts reveal the right strategy
The Magnificent Seven tech giants are losing investor interest as their performance lags behind the Nasdaq 100 and S&P 500. Emerging chipmakers like Micron Technology are gaining traction, while stocks like Alphabet show potential amidst differing fortunes among the group.
Rupee sees worst single-day fall in a month
G-Sec yields spike as crude oil prices harden
Quant Mid Cap Fund has outperformed its benchmark index over the last 3 and 6 months, but continues to lag over the 1-, 3-, and 5-year periods. The expert attributed the rebound to portfolio repositioning and advised investors to focus on long-term consistency.
ITR filing 2026: Preventive health checkups can help you save tax here's how
The ITR filing deadline is approaching, prompting taxpayers to prepare documents and explore deductions. Section 80D allows deductions for preventive health checkups, capped at 5,000, applicable only in the old tax regime.
EPFO portal revamp: 10 changes in PF claims, withdrawals and transfers every member should know
The Employees' Provident Fund Organisation has centralised its member database through the CITES project to enhance service speed, transparency, and accessibility.
Geopolitical tensions sink markets; Nifty posts worst fall in over three months
Indian benchmark indices logged their worst session in over three months after Donald Trump declared the Iran ceasefire over, sending crude oil prices soaring, the rupee lower and the India VIX sharply higher amid broad-based selling across sectors
Can tenants continue paying old rent if they overstay after lease expires? Delhi HC answers
The Delhi HC ruled that tenants staying in a property after lease expiration may face higher rent due to automatic escalation clauses. Here's all you need to know.
EPFO will credit FY26 interest at 8.25% to 34 crore member accounts by July 15. Members can check the updated amounts online through various methods, including the EPFO Portal, UMANG app, missed calls, SMS, and DigiLocker after activating their UAN.
Earning 30 lakh? The wrong tax regime could cost you over 1 lakh
A 30 lakh salary puts taxpayers in a bracket where tax planning matters more than ever. Here's how much tax you pay under the old and new regimes and which one works better.
India silver import curbs create shortages, push premiums to six-month high
India's silver import restrictions have caused significant shortages in the domestic market. Premiums have surged to their highest levels in six months due to these curbs. May imports saw a drastic fall from the previous year's figures. These measures aim to ease pressure on foreign exchange reserves and the rupee. Domestic supplies are now largely dependent on local production.
Sensex, Nifty, Share Prices Highlights: Indian benchmark indices slumped over 2 per cent in late trade after US President Donald Trump declared Iran peace negotiations were effectively over, reigniting fears of escalating West Asia tensions, surging oil prices and heightened market volatility, triggering broad-based selling across sectors.
Gold price falls 2,308/10g in futures trade as higher crude, strong US dollar dampen bullion demand
In the international markets, Comex gold futures for August delivery fell $94.69, or 2.28%, to $4,062.71 per ounce in New York
Clubbing income: Tax return mistakes that many discover only after receiving a notice
As taxpayers finalize their returns this filing season, it may be worthwhile to spend a few extra minutes reviewing investments in the name of your spouse and minor children
EPFO system upgrade: Your PF claim may be delayed after latest update Here's how long it will take
The EPFO informs users that claim processing may be delayed due to a recent database consolidation and software upgrade. Services are restored but will be handled in phases. Details here.
Kusumgar IPO Day 1: Opens today at 398-419 price band
Mops up 194 crore from anchor investors
Rupee slumps to one-month low as oil soars after Trump says Iran deal is 'over'
The currency closed at 95.5550 per dollar, down 0.6% on the day
EPF Scheme 2026: Who can withdraw their entire EPF corpus? Check all 7 cases
The EPF Scheme, 2026 allows members to withdraw their entire provident fund balance only under specified circumstances. Here's a detailed guide to the seven eligible situations and the key changes from the earlier rules.
ICICI Prudential Life Insurance reports 14.6% APE growth in June quarter, stocks in red
Retail Weighted Received Premium (RWRP) for Q1-FY2027 grew 13.4% to 15.38 billion, with June contributing 6.23 billion, a 12.7% year-on-year increase
Gold falls, crude oil rises after Trump says Iran peace deal over
Trump says interim accord with Iran to end war is over
EPF Scheme 2026: Can employers cap EPF contribution at 1,800? Here's what the law says
Labour Law Reporter emphasizes that while 1,800 is the default PF contribution, employers must have legal grounds to reduce contributions beyond this amount. Employee protections against wage reductions remain vital under the Social Security Code.
A soft credit inquiry allows individuals and financial institutions to review credit information without affecting credit scores. Here's how soft checks work, their impact, and how they differ from hard inquiries.
Intellect Design Arena lands in Forresters POS Landscape report
Intellects inclusion is on the strength of its eMACH.ai Retail 6DX platform, which the company describes as its flagship retail commerce solution
The Income Tax (I-T) department has released an Excel utility for ITR-5, enabling taxpayers to file their return for the assessment year 2026-27.
Geopolitical jitters keep Sensex, Nifty under pressure at midday; crude stays elevated
On the BSE, 3,412 stocks were traded, with 1,880 stocks declining against 1,357 advancing and 175 unchanged
Residents with foreign assets or overseas income must file ITR-2 instead of ITR-1 before 31 July. Check who needs to file, mandatory disclosure schedules, penalties for non-compliance and steps to ensure accurate tax filing and avoid legal issues.
Tilaknagar Industries posts record 3.4 million case sales in June 2026; stock edges up
The stock traded at 451.80 on the NSE as of 1.22 PM on Wednesday, up 0.16 per cent from its previous close of 451.10, with a market capitalisation of approximately 11,176 crore.
Silver futures decline to 2.29 lakh/kg
Sell-off by participants pulls down prices despite global gains
Experts say there are no pure-play ethanol mutual funds, but investors can gain exposure through select index, thematic and sectoral funds. Given the cyclical, regulatory and adoption risks, they suggest diversified funds rather than concentrated stock bets.
Gold futures drop to 1,44,911/10g
On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by 481, or 0.33 per cent, at 1,44,911 per 10 grams in a business turnover of 916 lots.
60 lakh salary: Here is how to calculate final tax liability after surcharge under new tax regime
A 60 lakh salary attracts a surcharge of 10% under the new tax regime in addition to slab-wise income tax and 4% health and education cess. In this case, the final tax liability comes to 15.53 lakh, resulting in an effective tax rate of 25.88%.
Moved back to India? This buffer can help you with tax planning
During the RNOR window, your Indian income is taxed exactly as it would be for any resident. Any income earned in India is taxable and must be declared in the ITR
EPS pension 2026: How much monthly pension can you get after 10 years of service?
The EPS Pension 2026 replaces previous schemes and retains the core pension formula. Employees who need a monthly pension must have 10 years of service and retire at 58. The estimated monthly pension after 10 years is 2,143, with a minimum pension floor of 1,000.
IHCL signs 20 hotels in Q1, shares in focus
The stock declined nearly 2%to 731.75 on the NSE from the previous close of 745.95.
Knack Packaging share price list at 10.5% premium on NSE debut
According to an analyst the company is supported by healthy revenue growth, improving profitability and high return on equity; customer concentration risk and execution of the new manufacturing facility are the factors to watch
Maruti Suzuki faces 9.5-crore customs duty demand; stock slides 1.65%
Maruti Suzuki to challenge the order which relates to alleged payment of duties on imported goods at a different rate than what the customs authority considers applicable
Sensex today | Stock Market Live: Stock to buy today: Godrej Properties(2,040.05)
Sensex, Nifty, Share Prices LIVE: Traders can buy the stock now at 2,040 and accumulate at 1,970. Place a stop-loss at 1,870. When the price rises to 2,275, raise the stop-loss to 2,175
With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.
ITR 2026: Senior citizens can claim 50,000 deduction even without health insurance Here's how
The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to 50,000 for medical expenses, available only under the old tax regime.
Bought US startup shares using overseas savings? Here's how India will tax it
A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.
EPFO: Taxation rule on Voluntary Provident Fund the 2.5 lakh VPF threshold, explained
VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over 2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.
Torrent Pharma, JB Chemicals hit 52-week highs after NCLT approves merger
The companies said the amalgamation under Sections 230 to 232 of the Companies Act will become effective after filing the certified NCLT order with the Registrar of Companies.
NFRA begins probe into Rajesh Exports over alleged financial misstatements
The probe relates to alleged financial misstatement and revenue recognition issues involving the Bengaluru-based gold refiner
A Delhi taxpayer was denied a 17 lakh tax refund due to late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favor.
Weekly rupee view: Indian currency enters another consolidation phase
Positive flows and softer crude support the currency, but gains remain limited
IT rally, rupee surge fail to lift D-Street as expiry-day blues snap four-day winning streak
Broader markets underperformed, while investors remained cautious amid weak global cues and looked ahead to TCS results, the FOMC meeting minutes and key US economic data for direction
HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.
8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.
Top 5 business cycle mutual funds compared: AUM, returns and portfolio strategy
Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of 15,798 crore and has delivered an 18.77% return over the last three years.
Rupee logs best day in three weeks on NDF dollar sales, bailing shorts
The rupee ended at 94.9675 per dollar, up 0.4% from its previous close, after oscillating between modest gains and losses in early trading.
DA hike: Kerala is considering a 2% increase in Dearness Allowance for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.
The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.
Stretching a 35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.
Cult.fit files DRHP for 950 crore IPO, reports 36% revenue growth in FY26
Cult.fit plans to use the IPO proceeds for debt repayment, expansion and investment in Cultsport after strong FY26 growth
Nifty Defence index drops over 2 per cent after two-day rally
Digital arrest scams cost Indians 4,000 crore since 2022: How fraud works and ways to stay safe
Digital arrest scams have cost Indians more than 4,000 crore since 2022 as fraudsters impersonate government officials to steal money. Check how these scams work, key complaint figures, warning signs, and practical safety tips to protect your savings from the growing threat of cyber fraud.
Gold fever breaks, leaving silver linings for singed investors
As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.
SETL pays 70 crore for stake in Japans GL Hakko, eyes majority control within three years
SETL will fund the investment entirely from internal accruals without taking on external debt
Top 5 money market funds based on 1-year returns: Union Money Market Fund leads with over 6% return
Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.
7 income tax limits every taxpayer should know to avoid notices and penalties
Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.
Aye Finance AUM jumps 28% to 7,329 crore in Q1 FY27; stock slips 5%
Disbursements for the quarter stood at 1,219 crore, a 22 per cent increase year-on-year, though they declined sharply by 26 per cent compared to 1,655 crore in Q4 FY26
Titan shares hit new highs post Q1 update
Shares climb over 2.5% as the company reports 41% YoY growth, driven by robust jewellery demand and a surge in international business.
Markets hit 11-week high as IT rally offsets broader market weakness
IT stocks drive benchmarks higher; Infosys, Tech Mahindra, TCS, HCL Tech lead gainers
Trent shares plunge 11% as Q1 revenue growth disappoints street
The stock opened at 3,080, hit a low of 2,966, and saw heavy selling pressure with sell orders outpacing buy orders by roughly 72:28
Gold futures slip to 1,45,500/10g
On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by 1,417, or 0.96 per cent, at 1,45,500 per 10 grams in a business turnover of 848 lots.
IT stocks power Nifty; Trent crashes 12% as midday trade holds gains
Broader market breadth on BSE remained positive, with 4,158 stocks advancing against 1,516 declines and 2,444 unchanged. A notable 198 stocks hit 52-week highs against 63 at 52-week lows
Dominant market position, strong profitability NSEs key strengths: Jefferies
NSE IPO to complete troika of listed exchanges, a report by Jefferies said
PAN-Aadhaar linking for ITR filing: Why it matters and how to complete the process online
PAN-Aadhaar linking is essential for eligible taxpayers to keep their PAN active and avoid disruptions in tax-related services. Taxpayers with unlinked PANs can complete the process by paying the applicable fee through the e-filing portal.
Our inflation and interest rates now depend more on monsoon than crude oil
With crude prices cooling after the West Asia truce, the monsoonand its impact on food inflationmay become the biggest factor shaping RBI's interest rate decisions in the months ahead.
Health insurance proposal form: Step-by-step guide to filling it correctly and avoiding claim issues
Fill a health insurance proposal form correctly with this step-by-step guide. Understand required details, medical disclosures, nominee information and important checks to avoid claim problems while ensuring smoother policy approval and better financial protection for you and your family.
Titan hits 52-week high as Q1 numbers spark early rally
Titans watches and eyecare segments both clocked 23% growth in Q1 FY27, beating estimates. International business posted 128% growth
IndiaUK trade deal to make imported Scotch whisky cheaper: Prices may drop 510% for Indian consumers
The IndiaUK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%.
For AY 2026-27, the earlier Other Exempt Income field in Schedule EI has been removed. In its place, the department has now introduced a new reporting option titled Receipts not in the nature of income.
Kalyan Jewellers stock tumbles 9% despite strong Q1FY27 business update
The stock declined to 348.35 on the NSE from the previous close of 381.25.
Cochin Shipyard shares drop 4% as Government OFS opens at floor price of 1,400
The OFS has a base offer size of 2.52% of the companys paid-up equity capital, or 66.29 lakh shares, with an equal oversubscription option taking the total potential dilution to 5.04%
Rupee rises 15 paise to 95.28 against US dollar in early trade
The positive factor for the Indian rupee was Saudi Arabia slashing Asia oil prices by $11 per barrel in a record cut in the last 26 years
FIIs return, crude eases: Markets open higher with Nifty at 24,453
The Sensex opened at 78,461.16 against its previous close of 78,285.07
Gold and silver prices today, 7 July: 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.
New EPF Scheme 2026: Know withdrawal frequency limits for essential, housing and special needs
Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances.
Gold pulls back from two-week high on stronger dollar; Fed minutes on tap
The dollar gained 0.1%, making the yellow metal more expensive for overseas buyers
