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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
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.
Credit card balance transfers can lower interest costs but may temporarily affect your credit score through hard inquiries and new accounts. Experts explain why repayment discipline, lower credit utilisation and avoiding repeated transfers are essential for maintaining a healthy credit profile.
EPFO fast-tracks PF withdrawals, aims to settle claims within 2448 hours check details here
The EPFO aims to settle fresh PF withdrawal claims within the same day or a maximum of two days, easing access to savings for members. Details here.
The revised EPF Scheme no longer permits employees to withdraw their entire PF balance after just two months of unemployment. Check the recent withdrawal rules here.
The July 31 deadline has passed, but belated filings are possible until December 31, 2026, with late fees and interest applicable. How to file ITR after due date, who gets more time, consequences, and other details here.
100 invested daily through a mutual fund SIP can potentially grow to over 1 crore in 25 years. Check how compounding, disciplined investing and starting early can help build long-term retirement wealth while understanding the risks of market-linked investments.
Indias consumer giants plan fresh price hikes; heres when the higher rates could reach store shelves
Consumer companies in India are gearing up for another round of price hikes, which could impact people's household expenses. This rise is attributed to a surge in commodity prices amid prolonged US-Iran conflict in West Asia. Details here.
Q1 Results Today, 01st August 2026 Live Updates: Follow BusinessLine's live coverage of Q1 FY27 earnings on August 1, 2026. Stay updated with the latest financial results, key announcements, earnings highlights and market reaction from companies scheduled to report their June quarter performance today.
Own an EV? Heres why a regular ICE vehicle insurance policy won't cut it
The real protection for your EV lies in specific covers like EV Shield, which is offered as an add-on to cover batteries. An EV Shield is essential as it specifically covers the battery, electric panel, and charging equipment.
Indias first REIT index fund to launch in August: Should you invest in it?
The REIT index fund provides access to commercial real estate at a low cost, with diversification and liquidity, and in a tax-efficient manner.
August will bring various financial updates for consumers, including changes in banking rules, credit card regulations, and the implementation of CKYC 2.0. Key deadlines include the income tax return filing due by August 31. Full list here.
SEBI closes proceedings against Religare Enterprises, Rashmi Saluja after Burman Group takeover
The regulator concluded its preventive action had achieved its objective after the change in control and completion of the open offer.
The regulator cited governance failures, undisclosed transactions and misuse of company assets while imposing penalties and market restrictions
The Delhi government approved the Lakshmi Yojana, allowing eligible women aged 21-60 to receive 2,500 monthly. An online application portal will launch on August 1, with the first payment expected around Raksha Bandhan.
EPFO members who find their account blocked, can't remember their UAN password, are unable to access their passbook or have KYC pending can check how to fix issues using the portal or Umang app.
Annapurna Yojana: No money in bank account yet? Check what to do if your application gets rejected
Many women in West Bengal applied for the Annapurna Yojana but haven't received financial aid. Chief Minister Suvendu Adhikari set a payment deadline for August while verification continues.
8th pay commission announces state visit to Chandigarh in September 2026 Check dates, other details
The 8th pay commission has announced its official three-day state visit to the union territory of Chandigarh in September. It will hold meetings with employee unions and stakeholders from Chandigarh, Haryana, Himachal Pradesh and Punjab.
IOC slips into loss in Q1 on holding fuel prices despite rise in cost
Indian Oil Corporation reported losses for the June quarter that were lower than analysts expected. This was largely due to efficiency improvements and higher margins from refining. The company celebrated record highs in crude throughput and a drop in fuel losses, with petrol and diesel sales reaching impressive quarterly figures. Moreover, IOC successfully secured crude oil from multiple global sources, mitigating any supply disruptions.
Apple shares tumble 9% on supply worries, on track for worst single-day fall in over 6 years
Apple shares plunged over 9% after the iPhone maker issued a weaker-than-expected outlook, warning that AI-driven component shortages are straining global supply chains. The stock is on track for its worst one-day fall in more than six years, putting nearly $500 billion in market value at risk and lifting Nvidia's valuation lead.
KGSMA seek BIS probe into counterfeit hallmarked gold jewellery in Kerala
Seeks legal proceedings against all individuals and organisations involved in the illegal activities
Q1 Results Today, 31st July 2026 Updates: Stay tuned for more from businessline
Eric Trump-backed defence technology company Space-Eyes to go public in $638 million SPAC deal
Space-Eyes, a leader in defense technology, has announced its merger with McKinley Acquisition Corp. In a move to enhance strategic oversight, Eric Trump will join as a strategic adviser. The new entity will focus on AI-enhanced counter-drone technology and geospatial intelligence, aiming to elevate global operations and government partnerships. This significant merger values the enterprise at a whopping six hundred thirty-eight million dollars.
Sebi extends deadline till Oct-end to complete digital accessibility audits, resolve platform issues
Sebi has announced an extension for regulated entities to complete their digital accessibility audits, moving the deadline to October 31, 2026. This extension replaces the previous date of April 30, and provides additional time for remediation until July 31. The decision comes in response to industry calls for more time to ensure compliance with laws supporting individuals with disabilities, promoting inclusivity in financial services.
Sebi clarifies off-market sale of unlisted shares to up to 200 buyers not a public issue
Sebi has stated that off-market transactions involving share sales are distinct from public issues, particularly when current shareholders opt to sell unlisted equity shares privately. A limit of two hundred purchasers per financial year must be adhered to. This clarification was specifically made in response to IDBI Bank's proposed divestment strategies, confirming that such actions are allowed as secondary transactions by existing shareholders.
Sebi penalises SME firm Kalahridhaan Trendz, promoters for misleading disclosures
Kalahridhaan Trendz has been penalized by Sebi with a fine of Rs 1 crore for hiding a loan default and giving deceptive corporate announcements about export orders. The involved directors, Niranjan D Agarwal and Aditya N Agarwal, faced market bans, and Sunitadevi Niranjan Agarwal received a one-year exclusion from securities markets. Additionally, the NSE has been instructed to consider measures, including potential delisting.
Auto components player Kay Jay Forgings, power infra EPC Polite Powertech get Sebi nod for IPOs
Kay Jay Forgings and Polite Powertech have secured Sebi approval to launch their IPOs. Kay Jay plans to raise Rs 300 crore through a fresh issue along with a Rs 60 crore offer for sale, while Polite Powertech aims to fund working capital and business expansion through its public issue.
US stocks: Nasdaq opens higher as Amazon surge offsets Apple decline
The Nasdaq opened higher on Friday, boosted by Amazon's strong cloud revenue growth. This performance eased concerns about artificial intelligence returns among major tech firms. The Dow Jones Industrial Average saw a slight increase at the opening bell. The S&P 500 also rose, reflecting positive market sentiment. The Nasdaq Composite experienced a significant jump at the opening.
LT Foods shares jump 4% on strong Q1 results; stock outperforms market
At the closing price, LT Foods carried a total market capitalisation of 14,338 crore, up sharply from 12,762 crore reported in the investor presentation as of June 30
Maruti Suzuki Q1 profit drops 11% YoY to Rs 3,352 crore on higher input costs
Maruti Suzuki reported an 11% year-on-year decline in Q1 consolidated net profit to Rs 3,352 crore, missing estimates as higher input costs linked to the West Asia crisis squeezed margins. Revenue and sales volumes grew strongly, while the company approved Rs 561 crore for four compressed biogas projects.
Bajaj Finance among 9 stocks hitting 52-week highs; surge up to 25% in a month
Nine BSE 100 stocks, led by Bajaj Finance and TVS Motor, hit fresh 52-week highs on Friday, gaining up to 24% in a month amid improving market sentiment and strong buying interest.
SC stays CIC order declaring NSE 'public authority' under RTI Act
The Supreme Court has stayed a Central Information Commission order. This order declared the National Stock Exchange of India a public authority. The NSEI challenged this ruling, seeking a response from the commission. The High Court had previously agreed with the NSEI's classification. This decision allows citizens to seek information from the exchange.
No AI bubble, better rules: Why India escaped the Korea shock
SEBIs measures to safeguard market integrity also help market stay relatively calm
Bajaj Finances surge sends Nifty 50 soaring, D-street shines
Nifty 50 closes at 24,383, up 0.27% or 66 points, extending its winning streak to a third consecutive session, Sensex settles at 78,094, up 0.21%
DA hike: Central government employees and retired pensioners are expecting a second increase in dearness allowance this year, sometime in the second half as a Diwali gift during the festive season.
1.1 trillion blind spot: How ignoring employee health is costing Indian businesses
The largest hidden cost is presenteeismwhere employees show up to work but cannot perform at their full capacity. This phenomenon accounts for 51,000 crore of the total annual cost to employers.
Health insurance: Co-payment vs deductible explained. Which one should you choose?
Having a clear understanding of co-payments and deductibles in health insurance can help policyholders estimate out-of-pocket costs, compare plans, and avoid claim surprises. This guide explains how both clauses work, their impact on premiums, and how to choose the right policy.
Rupee posts strongest week since March on RBI support
The Indian rupee sees its strongest weekly gain since March, bolstered by RBI interventions and easing oil prices
ESOP taxation can arise at two stageswhen shares are exercised and when they are sold. Here's how salary income, capital gains, fair market value and record-keeping affect ITR filing for AY 2026-27, and how to avoid these common tax reporting mistakes.
Belated vs updated return: Which should you file if you miss the 31 July income tax return deadline?
Taxpayers who fail to file their returns within the original due date still have two other options to complete the process. Here's how belated and updated return work and which one you should choose if you end up missing the July 31 deadline.
Indias out-of-favour stocks find new fans as AI trade reverses
Indian IT shares have been the biggest beneficiaries of the reallocation, with the Nifty IT index surging 16.7% in July as the Philadelphia Semiconductor Index slumped 21%.
Manipal Health Enterprises IPO subscribed 2.54X so far on closing day
The IPO comprises a fresh issue of equity shares worth up to 8,000 crore and an offer for sale of up to 2.16 crore equity shares by existing shareholders
Nifty tops 24,400 as Financials, Auto stocks shine; IT trims morning losses
Bajaj Finance jumps 8.60%, Mahindra & Mahindra advances 4.66%
15 lakh income, different tax liabilities: Why salaried middle class ends up paying highest tax
India's income tax system is progressive - higher incomes are taxed at higher rates. However, the final tax liability depends not just on how much a person earns, but also on how that income is earned.
Personal accident cover and standalone term insurance provide financial protection but serve different purposes. Let's deep dive into similarities and differences between the two insurance policies.
Todays Gold Rate in India July 31: Gold prices up in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad
22, 24 carat Gold prices up across Indian cities on July 3
8th Pay Commission: 5 latest updates boost hopes for 1.1 crore employees and pensioners
The 8th Pay Commission has stepped up stakeholder consultations with meetings across India. Here are the five latest official updates, and what they mean for over 1.1 crore central government employees and pensioners.
ITR filing deadline today: Here's how much a one-day delay could cost you in interest and late fee
The deadline for income tax return filing is 31 July 2026, with over 5.4 million returns already filed. Taxpayers missing this date face late fees and interest under Sections 234A and 234F. Here's how much you may have to pay if you miss the deadline by just a day.
Thermax shares tumble 16% after Q1 profit slumps 85%
The companys consolidated net profit fell to 22 crore in the first quarter of FY2026-27 from 151.45 crore in the corresponding quarter of the previous financial year.
Rupee unlikely to breach 100 against US dollar even if crude hits $105/barrel: Kotak Securities
Analyzing the macroeconomic risks posed by elevated oil prices, Shrikant Chouhan outlined scenario-based projections for inflation, GDP, and currency volatility
Hyundai Motor India shares rise 7.2% as investors bet on recovery
Hyundai Motor India retains its full year operating margin outlook of 11%-14% and volume growth forecast of 8%-10% even as profits fall
Swiggy shares fall over 5% after Q1 results, brokerages remain divided
Swiggy narrowed its losses in the June quarter to 791 crore, compared with 1,197 crore in the year-ago period.
Bajaj Finance shares hit fresh 52-week high after Q1 results; brokerages turn bullish
The company reported a 29% y-o-y rise in Q1FY27 standalone net profit to 5,345.50 crore, prompting several brokerages to reiterate or upgrade their positive stance on the stock
Sensex, Nifty open flat amid global tech rally; Financials surge, IT bleeds
Bajaj Finance gains most, TCS top loser
Gold and silver prices today, 31 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.
Will the US dollar lose its dominance? History says the decline will be slow
Barry Eichengreens Money Beyond Borders argues that history favours long-lasting reserve currencies and no credible challenger is yet ready to displace the US dollar
Why Old Bridge's Kenneth Andrade is avoiding IT despite attractive valuations
Old Bridge MF founder Kenneth Andrade expects earnings growth to revive this year, remains bullish on pharma and autos, underweight on financials and IT, and sees crude as the biggest market risk.
Fusion Klassroom Edutech raises 11.08 crore from anchor investors ahead of IPO
The edtech company secured anchor investment ahead of its SME listing as it prepares to fund technology, expansion and debt repayment.
Q1 Results Today, 31st July 2026 Live Updates: Stay tuned for more from businessline
ITR filing deadline extension LIVE: The ITR filing due date is today for eligible taxpayers. Some are also hoping for an extension like last year, but experts caution that a similar relief is unlikely.
NSE Q1 profit rises 7% to 3,120 crore ahead of 30,000-crore IPO
Higher transaction charge income lifted NSEs quarterly earnings as the exchange advanced regulatory clearances ahead of its landmark public offering.
Why these 7 stocks will be in focus on Friday
Major triggers for Infosys, GRSE, M&M, Tata Power, Astra Microwave, Navin Fluorine, Fischer Medical
Taxpayers who file their ITR on 31 July can complete e-verification within 30 days. Here's how the verification timeline affects the filing date, the belated return status and compliance with income tax rules.
As the July 31 income tax return deadline approaches, over 5 crore ITRs have been filed till Thursday. Late filers may face penalties and miss out on benefits like carrying forward losses. Check all consequences here.
Sensex today | Stock Market Live: Stock to buy today: Swiggy
Sensex, Nifty, Stock Price Live Updates: The stock of Swiggy, which has been on a long-term downtrend, started stabilising in May. That is, the downtrend lost momentum and the scrip was largely moving in the sideways band of 235-280. But this week, the stock has gained nearly 18 per cent so far, leading to the breakout of the barrier at 280.
Missing ITR deadline today is like getting Hit Wicket: Tax department urges a Free Hit filing
The Income Tax Department, in a recent X post, reminded taxpayers that 31 July is the last date to file ITR-1 and ITR-2 for AY 2026-27. Complete filing and e-verification today to avoid late fees, interest and compliance issues.
ITR filing 2026: How to report capital gains from shares, mutual funds and ETFs to avoid tax notices
Taxpayers must accurately report capital gains from shares, mutual funds, and ETFs while filing the ITR for AY 2026-27. It is important to choose the correct ITR form, classify gains, reconcile investment records, and report only realised gains to avoid discrepancies and scrutiny.
Does Indias DIY mutual fund boom needs structured assistance?
Over 5-6 crore Indians now invest in mutual funds, thanks to digital platforms. While ease of access has increased, first-time investors face complexities in asset allocation. Future investing will require curated advice and structured assistance to ensure successful long-term portfolios.
Mid-cap funds aim to outperform their benchmark through active management, but not all succeed. There are currently eight mid-cap funds with a negative alpha, with Taurus Mid Cap Fund having the lowest alpha of -7.20.
A financial master sheet won't make you richerbut it could save your family from economic chaos
A financial master sheet is a single document that records the family's financial and administrative details, showing what assets exist, where they are held, and where supporting documents are stored.
Large-cap funds have seen their alpha generation decline over the years compared with the Nifty 50 TRI. While funds outperformed strongly during 2000-2009, the advantage narrowed in the following decade and turned negative after 2020.
Prithvi Exchange launches new branches in Thane and Ghatkopar
The expansion takes the companys nationwide network to 38 branches
Tanishqlaunches new uncut diamond collection for southern market
The collection, called Narumugai, has necklaces, chokers,haars, earrings, bangles, bracelets, rings,pendantsand bridal jewellery
Groww drove 48% of new SIP growth since FY17
Report says Groww contributed 37% of the increase in active NSE clients between FY20 and FY26
Not reporting bank interest or LTCG in your ITR? Avoid these 2 common tax filing mistakes
Many taxpayers mistakenly assume that TDS-deducted income or tax-exempt LTCG need not be disclosed in their ITR. Such omissions can create mismatches with AIS and Form 26AS, leading to tax notices or adjustments even when no additional tax is payable.
Brokers Call: Orient Cement (Accumulate)
Elara Securities
The Maharashtra government has approved incentive allowance equivalent to 30% of basic pay for police officers and personnel in the Anti-Narcotics Task Force (ANTF) under the 7th central pay commission.
Sensex, Nifty, Stock Price Updates: The benchmark indices Sensex and Nifty closed in the green on Thursday. The Nifty50 settled at 24,317.15, up 66.95 points or (0.28%) firmer. The Sensex closed at 77,928.15, up 273.55 points or 0.35% higher.
Lemonn revenue up 800% YoY to 8.97 crore in May amid industry-wide slowdown
Retail order volumes during this period increased 9.08x, rising from 3.05 lakh to 27.71 lakh orders, while the number of active retail traders grew 5.14x, from 4,722 to 24,309
The government says the income tax e-filing portal can process up to 1 crore ITRs a day, but experts say taxpayers should not mistake higher capacity for a risk-free last-day filing experience. Here's why they don't expect an extension yet, and why waiting until July 31 could still be costly.
