29 C 
Deeper bond with pets, rising vet bills fuel demand for pet insurance
Insurers report growing interest in pet insurance due to increased awareness of veterinary care, rising treatment costs, and changing lifestyles, especially among nuclear families and DINK households
L&T Finance expects gold loan biz to contribute over 10% to total loan book in next 5 years
In order to scale up the gold loan business, the NBFC is planning to set up at least 500 new branches each year till 2031
PNB Housing Finance eyes higher-yielding segments such as micro housing finance
Wven as the companysloan book is expectedto crossthe 1 lakh crorein the current financial year, the composition of prime and affordable housing &emerging markets is likely to shift to 55:45 in the overall loan book.
FM tells banks to consider launching a month-long banking outreach campaign for Gen Z on Oct 2
Meanwhile she asked banks to improve design of agriculture finance keeping mind Prime Ministers vision of Shakti of Sapt Dhara
DSP Finance buys lending platform Volt Money
Volt Money, an early player in the digital LAMF market, enables customers to borrow against their mutual fund holdings seamlessly, with funds disbursed in five minutes.
Sammaan Capital says PIL-linked probe does not name it as an accused
Lender says EOW status report found loans to five borrower groups were repaid with interest; CBI probe concerns erstwhile promoter Sameer Gehlaut and related entities
Sundaram Home Finance plans expansion of emerging business in AP
Company targeting disbursements of 150 crore this year
Axis Bank credit card revised rules: Axis Bank is set to update its credit card policies on August 28, 2026. Notably, the markup for dynamic currency conversion will jump to 3.5% from the previous rate of 1.5%. Furthermore, late payment fees for balances over Rs 50,000 will also go up. The bank also clarified that gift card purchases will alsonot contribute towards spends-based fee waiver calculations or milestonebenefits.
Visa expands premium card tier in India, targets growing affluent base
The move repositions the Visa Infinite brand as a scalable framework rather than a single product
ICICI Bank stock slips 0.45% as bank prices $750 million bond issue
The banks IFSC Banking Unit priced five-year Senior Unsecured Fixed Rate Notes at a 5.417% coupon early Tuesday under its $7.5 billion Global Medium Term Note Programme
Based on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad; Know what to do
NFO Alert: Invesco Mutual Fund announces launch of pharma and healthcare fund
Invesco Mutual Fund has launched a new open-ended equity scheme. This fund will invest in India's evolving pharma and healthcare sectors. It aims to capitalize on favorable demographics and expanding healthcare access. The new fund offer is open for subscription until September 1. Investors can start with a minimum lump sum of Rs 1,000.
Property registered in your name? That's not the end of ownership process
A registered sale deed records the transaction, but buyers must check title history, encumbrances and other records before claiming clear ownership
Gold and silver ETFs gain investor interest, AUM jumps over 2X in one year: Report
Gold and silver ETFs saw sharp AUM growth over the past year, with gold ETF assets rising 2.6 times and silver ETF assets 3.4 times by July 2026. Commodity funds also increased their share of passive assets, reflecting stronger investor interest.
Defence stocks surged up to 10% after the Defence Ministry unveiled its sixth Positive Indigenisation List covering 405 items with Rs 3,070 crore business potential. The move aims to boost domestic manufacturing, innovation and investment while reducing Indias dependence on defence imports.
What's the goal behind monthly SIPs? Deepak Shenoy says it's not averaging out market volatility
Capitalmind founder Deepak Shenoy said the primary purpose of SIPs is not to average out market volatility, but to align investments with peoples monthly income cycle. He argued that investors typically earn, save and invest each month, making monthly SIPs a natural way to build wealth, while price averaging is merely a by-product.
Succession Planning: 8 key tax considerations you should take into account
Succession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's representative. Income arising after death is taxable to the executor or administrator. Individual and HUF property tax treatments differ significantly based on acquisition. Proper record-keeping is essential for calculating capital gains and tax liabilities.
Leakage in concealed plumbing lines of 1st floor bathroom led to ground floor residents facing water leakage; Maharashtra court rules housing society cannot be held responsible for leakage or repairs inside individual units
SBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying Rs 2.7 lakh TDS credit as landlord only declared 1/3rd rent in ITR; Landlord fights in ITAT Agra and wins case; Know why
ICICI Bank mops up $750 million by issuing bonds to overseas investors
The bonds were raised through its IFSC banking unit at a coupon rate of 5.417 per cent, ICICI Bank said in a regulatory filing.
SBI, Nippon India among 6 AMCs seeing over Rs 10,000 crore T30 inflows in July
UPI growth pushes banks to look beyond payments for revenue: McKinsey
Unlike card payments, which generate transaction-linked revenues for financial institutions, instant payments can be harder to monetise directly
No UPS pension for retirees; FM urged to intervene
SIF AUM crosses Rs 23,000 crore in July; Hybrid Long-Short funds lead with 66% share
SIF strategies attracted Rs 4,922 crore in inflows in July, up from Rs 3,782 crore in June. Since October 2024, the category has received Rs 22,328 crore, according to ValueMetrics.
Want free airport lounge access without minimum spend? Check these 5 credit cards
Cash still king in India despite digital boom, says RBI Deputy Governor Murmu
Addressing central bankers from across the world, Murmu noted that currency in circulation continues to grow at double-digit rates despite a decline in cashs share of individual transactions due to increasing digital payment adoption.
Should I sell my flat and invest to earn interest, or keep it and earn rent in my retirement?
ET Wealth Reader's Query: I own a two-bedroom flat in Bengaluru, which is about 10 years old, and have no outstanding loan. I am a senior citizen with pension income and live with my son. Should I retain the property and earn rental income, or sell it and invest the proceeds in fixed deposits for a steady interest? Currently, my annual income is below Rs 12 lakh, so I am not liable to pay any tax.
BSE shares drop 3% after second downgrade in two days. Nuvama lists CAS among 3 key headwinds
BSE shares extended their losing streak after Nuvama downgraded the stock to Hold and cut its target price, citing three key concerns: the impact of CAS on trading volumes, tighter bank guarantee norms and limited scope for further market-share gains. Jefferies also recently downgraded the stock, adding to pressure on its earnings outlook.
Today gold rate: On August 18, 2026, gold prices showed a slight uptick at leading jewellery retailers. While Tanishq kept its gold prices unchanged, competitors like Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers raised their 22k gold rates. Notably, the India Bullion and Jewellers Association reported minor fluctuations in gold and silver rates, showcasing ongoing trends in the precious metals market.
FCNR deposit: High interest and 19X leverage? Know the hidden risks NRIs must watch out for
HDFC Defence Fund adds Cochin Shipyard & INDO-MIM, increases stake in HAL, Mazagon Dock, 5 others
In July, the HDFC Defence Fund made significant moves by adding Cochin Shipyard and INDO-MIM to its portfolio. The fund also augmented its investments in Hindustan Aeronautics and Mazagon Dock Shipbuilders, while expanding its holdings in five additional defence sector stocks. However, it opted to reduce its stakes in three companies, including Aequs, leaving the fund's portfolio with a total of twenty-four varied defence-related stocks.
There are 9 types of Wills in India and why picking the wrong one could cost your family everything
Titan Company Share Price Live Updates: Titan Company Price Movement Analysis
Cipla Share Price Live Updates: Cipla's Recent Performance
HDFC Bank Share Price Live Updates: HDFC Bank Stock Update
ITC Share Price Live Updates: ITC Price Movement Analysis
TCS Share Price Live Updates: TCS Market Update
ONGC Share Price Live Updates: ONGC News
Power Grid Share Price Live Updates: Power Grid's Stock Movement Today
An Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life insurance policy. The ITAT ruled that foreign insurer policies are not automatically subject to the Black Money Act, especially when premiums originate from non-taxable foreign earnings. This landmark decision offers clarity for NRIs and returning NRIs.
ICICI Bank overtakes HDFC Bank as top MF holding in July
ICICI Bank now leads mutual fund portfolios, surpassing HDFC Bank in July. This shift reflects investor concerns over HDFC Bank's leadership succession and governance issues. ICICI Bank has shown a steadier stock performance and stable results recently. Mutual funds have increased holdings in both banks, while overseas ownership has reduced. Reliance Industries, Bharti Airtel, and Axis Bank follow as top mutual fund holdings.
Sebi tightens mutual fund sponsor disclosure norms
Sebi is enhancing transparency in the mutual fund industry by requiring comprehensive disclosures from fund sponsors. The new single application form simplifies the registration for new funds, compelling sponsors to elaborate on their ownership structures, financial stability, and governance practices. Moreover, this revised process mandates compliance with established eligibility criteria and experience norms, ensuring a more robust foundation for mutual fund establishments.
Jio BlackRock AMC launches regular mutual fund plans available via distributors
JioBlackRock Asset Management has launched regular plans for eligible mutual fund schemes, expanding beyond its existing direct-plan offerings. Available through empanelled distributors from August 17, the move aims to broaden investor access while strengthening partnerships with Indias growing mutual fund distribution network.
Axis Bank prices its Senior Notes aggregating $300 million at 5.179%
These Senior Notes form part of the private sector banks $5 billionGlobal Medium Term Note programme.
Rupee declines to a 2-week low on early closure of swap facility to attract FCNR-B deposits
Traders indicated that RBI was present in the market, stabilising the Rrupee through Ddollar sales
Sebi makes mutual fund registration simpler with one application form
Sebi has replaced multiple mutual fund registration forms with a single consolidated application, simplifying the approval process for new sponsors. The revised form captures ownership, financial strength, regulatory history, management, infrastructure and investor services while retaining detailed eligibility and compliance requirements.
FCNR(B) inflows stabilise rupee but fail to trigger 2013-style rally
Heavy foreign-currency inflows have strengthened the central banks ability to manage volatility, but broader global forces continue to shape exchange rates.
India's six publicly listed Real Estate Investment Trusts (REITs) achieved remarkable results in Q1 FY27, doubling their distributions to a total of Rs 3,136 crore, which marks a 101% rise from the previous year. In addition to this significant financial milestone, the number of listed REITs grew from four to six, managing more than 214 million square feet of valuable real estate.
FM asks public sector banks to leverage strong balance sheets for next phase of growth
The government is seeking a stronger role for lenders in financing emerging opportunities as improved asset quality creates greater room for expansion.
Morgan Stanley retained its positive view on Reliance Industries after its partnership with Rolls-Royce to develop indigenous combat engines for Indias AMCA programme. The brokerage said the move reinforces Reliances evolving strategy.
South Indian Bank unveils Onam Orumayude Olam campaign
The campaign features festive offers on Home, Car, and Personal Loans, plus exclusive debit card deals with 40+ brands at over 250 outlets in Kerala
Apollo Pipes and Vindhya Telelinks among top 10 unique stocks held by mutual funds in July
There were around 237 unique stocks in July. We filtered these to include only stocks with a market value of over Rs 100 crore.
RIL, HDFC Bank, ITC among JioBlackRock Mutual Fund's top 10 stock holdings in July
JioBlackRock Mutual Fund had total assets under management of Rs 21,641 crore and managed nearly 15 funds in July. Its portfolio was led by HDFC Bank and ICICI Bank, followed by major names such as Bharti Airtel, Reliance Industries, Mahindra & Mahindra, SBI, Larsen & Toubro, Tata Steel, Infosys and ITC.
Retired? 7 types of income that are taxable for senior citizens; know the rules
Sunil Singhania-led Abakkus Mutual Fund crosses Rs 10,000 crore in AUM with nearly 2 lakh investors
Sunil Singhania-led Abakkus Mutual Fund has crossed the Rs 10,000 crore AUM milestone less than a year after launching its first scheme in December 2025. The fund house now has more than 1.91 lakh investors and manages three equity schemes along with a Liquid Fund.
Indian Bank celebrates 120th Foundation Day with a series of community initiatives
Commits itself to strengthening financial inclusion, empowering communities and contributing to Indias journey towards a stronger, more inclusive future
The CGHS has updated its regulations regarding beneficiary consultations and medical investigations. All follow-up treatments and tests costing up to Rs 3,000 should be done at the same facility. For investigations over Rs 3,000, prior referral from CGHS is necessary. Consultations are valid for a seven-day period within the same specialty. Additionally, eye consultation fees now encompass three specific examination procedures.
Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in RIL, Vedanta Power and 32 others
Sunil Singhania-backed Abakkus Flexi Cap Fund increased its exposure to Reliance Industries, Vedanta Power and 32 other stocks in July. The fund added shares of NTPC, Edelweiss Financial Services, Vedanta Aluminium Metal, SBI, HDFC Bank and ICICI Bank, while trimming three holdings and exiting Bank of Baroda.
Yes Bank makes bond market comeback years after AT1 write-off
The bank plans to sell a benchmark-sized three-year US currency note and is holding calls with fixed-income investors starting Monday
Planning to invest in gold every month? Know the best options for beginners
Gold mutual funds and ETFs offer beginners convenient ways to invest small amounts monthly. Mutual funds provide professional management and easy redemption, while ETFs offer lower costs for investors comfortable using a demat account.
IPO-bound Paramotor Digital partners with NSDL Payments Bank to issue prepaid cards
The partnership will leverage NSDL Payments Bank's prepaid card issuance services and banking infrastructure to support secure, RBI-compliant prepaid payment solutions across payment networks
Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
Panel to comprehensively review the sector and align it with Indias next phase of growth
Oil India among top 5 midcap stocks that saw highest mutual fund selling in July
Mutual funds stepped up selling in several midcap stocks in July, with Exide Industries, Kalyan Jewellers, Info Edge, FSN E-Commerce and Oil India among the biggest stocks to see net selling.
In today's marketplace, gold prices remain pivotal for both investors and those seeking gifts. Consumers are encouraged to explore pricing options at Tanishq alongside other top brands. The rates for 22K gold jewelry exhibit minor variances among major cities in India. Reliable pricing is provided by Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. Anticipate the release of indicative retail rates from the IBJA later today.
Sale deed vs gift deed vs Will: Why witnesses matter differently for each
Do you need witnesses for a registered sale deed? Know what determines the validity of a registered sale deed. Know what the law says
NRIs can buy life insurance in India to protect financial obligations. Additional KYC and underwriting requirements apply for non-resident Indians. Premiums are paid through NRE, NRO, or FCNR accounts, and currency fluctuations matter. Country of residence impacts premiums and underwriting due to risk assessments. The location of financial responsibilities guides the decision for buying insurance.
UPI payment failed but money got deducted? The 8 steps that get your refund fast
UK-based Indian employee sold 1,540 L&T Infotech shares for Rs 26 lakh which he had acquired through ESOPs, declared Rs 1 lakh short-term capital loss; Tax dept treated it as Rs 29.59 lakh unexplained gains; ITAT Mumbai rules in employee's favour. Read the article to know why.
Gold bond rate: The Reserve Bank of India has established the early redemption price for a certain gold bond series. Investors have the option to redeem these bonds five years post-issuance. The redemption amount is determined by the average gold price over the three business days leading up to redemption. This bond series boasts excellent returns on investment. Sovereign Gold Bonds serve as government-backed securities, providing an alternative to holding physical gold.
Sammaan Capital eyes up to 92,000 crore annual disbursements by FY29-FY30
Under its Clear Path to Growth plan, the company is aiming to up its network from 220 branches currently to 1,600 in the next few years
Son inherited 50% of mothers land and took it in his real estate business as business stock; brought an even larger plot for Rs 2 crore claimed Section 54F tax exemption; tax dept denies it; Heres how a 1983 CBDT circular (No. 359 dated May 10, 1983) helped him win the case in ITAT Surat. Read the article.
The ITI Multi Asset Allocation Fund has launched its subscription phase, presenting an option for diversified investments. However, this fund arrives in a sector thats currently facing diminished investor enthusiasm. Financial analysts urge potential investors to approach new fund offers with caution unless exceptional opportunities arise. Multi-asset funds are designed to spread risk and yield across different asset classes, prompting investors to assess their portfolios thoroughly before making additions.
Best aggressive hybrid mutual funds to invest in August 2026
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to conservative equity investors to create wealth to achieve their long-term financial goals.
Eicher Motors Share Price Live Updates: Eicher Motors maintains stability with a slight price rise
Titan Company Share Price Live Updates: Titan Company Sees Positive Movement
ONGC Share Price Live Updates: ONGC's Weekly Performance
Kotak Bank Share Price Live Updates: Kotak Bank News
Bharti Airtel Share Price Live Updates: Bharti Airtel's Price Movement Today
M&M Share Price Live Updates: M&M's Stock Price Analysis
Axis Bank Share Price Live Updates: Axis Bank's Market Position Strengthens
SBI Share Price Live Updates: SBI Stock Details
Redevelopment risks: How to protect your home, money
Ageing housing societies that were promised bigger, modern living spaces have seen builders abandon or stall construction for years, with little recourse.
Sandwich generation: Retirement, kids & elderly care
Luckily, the squeeze phase doesnt last forever. Kids grow up, loans get paid off and people enter peak earning years as they move towards their 50s. And given the increase in surplus during this phase, many people can accelerate retirement contributions meaningfully.
ITR filing: Key rules for freelancers, F&O traders
Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers should not wait until 31 August to file.
Moving back to India? US tax rules NRIs should know
From RSUs to retirement accounts, what returning Indians must settle beforeand afterthey land.
Funding higher education: Indian parents vs US NRIs
Except for a small number of government colleges of repute, the demand for good quality colleges far outstrips the supply in India. Higher education remains costly and elitist and with the advent of edupreuners, Indian children often study at universities abroad after paying a steep fee or after taking educational loans.
Textile stocks weave a comeback: Time to buy?
Trade deals and sourcing shift from China are reviving the sector that investors had written off.
Factor indices: Alpha leads in 2026
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. The annual returns are ranked for 6 key NSE Factor indices, with a broad-based index, Nifty 500, thrown in for comparison. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
Personal laws: Marriage, divorce and inheritance
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 114th part of this series, Riju Mehta explains how personal laws govern marriage, divorce and inheritance for different religions.
In the June quarter, Indian companies celebrated remarkable revenue growth, reaching a nine-quarter high. Despite this, profits grew by only eleven percent, largely due to rising input costs. Key sectors such as auto, banking, metals, and pharma played a pivotal role in this expansion. Notably, small and midcap firms showcased impressive earnings per share. Looking ahead, revenue is anticipated to gain momentum from upcoming festivals and premiumization strategies.
