29 C 
MobiKwik posts second straight profitable quarter in Q4
Eyes FY27 growth on merchant payments, AI
Canara Bank sees more money flowing into deposits amid market volatility
Bank sharpens its focus on low-cost liabilities and high-yield retail lending
India gets its UPI for EV charging as Kumaraswamy unveils unified Bharat e-charge
Unified Bharat e-Charge, which businessline first reported on May 10 as a UPI for EV charging, will let EV users locate, book and pay across BPCL, Indian Oil, HPCL and private charging networks through a single interoperable platform
At 1.98 lakh crore, PSBs clock record high net profit in FY26
With 11% growth y-o-y, this marked the fourth consecutive year of aggregate profitability for PSBs
The Unique Identification Authority of India has updated Aadhaar enrolment and correction rules. New regulations expand accepted documents for Aadhaar applications. Enrolment for children and vulnerable groups becomes simpler. Rules for foreigners are now clearer. These changes aim to modernize Aadhaar processes and improve accessibility for all citizens.
What should you do with your gold investments after PM Modi urges people to postpone gold purchases?
Prime Minister Modi urged citizens to postpone gold purchases to curb India's import bill amidst West Asia tensions. While the intention is welcomed, the industry fears business and job impacts. Experts advise existing investors to hold, suggesting digital gold for new buyers, and propose solutions like domestic gold recycling and tax law amendments to address import concerns.
One Mobikwik posts 4 cr profit for March quarter
One Mobikwik had incurred a loss of 56 crore in the same period a year ago
Eleven new mutual funds launched in April collectively raised 828 crore, led by index funds, while the SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund attracted the highest investor inflows.
Ayushman Bharat scheme for West Bengal: Who is eligible for AB-PMJAY and how you can apply
West Bengal is bringing back the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana. This scheme provides cashless health insurance of up to Rs 5 lakh per family each year. All senior citizens aged 70 and above can now apply for this coverage. The government aims to ease the burden of medical expenses for its citizens.
These 9 equity mutual fund categories see inflows in April. Flexi cap hits record Rs 10,147 crore
Equity mutual fund inflows declined 5% to Rs 38,440 crore in April, though most equity categories continued to attract investments. Flexicap funds recorded their highest-ever monthly inflow, while smallcap and midcap funds also saw strong traction. Meanwhile, sectoral and thematic fund inflows moderated, reflecting increasing investor selectivity amid volatile market conditions.
EXIM Bank plans 99,500 crore fundraise in FY27
The spread on the banks 10-year bond issued in January has narrowed to 70 bps from 86 bps over the past three months, MD Harsha Bangari said
Canara Bank has revised its lending rates. The bank increased its Marginal Cost of Funds Based Lending Rate by 5 basis points for all loan tenors. These new rates are effective from May 12, 2026. Borrowers with MCLR-linked loans may see higher EMIs. Bank of Baroda has kept its MCLR rates unchanged.
Can post office FD + RD build 1 crore? Heres what 10 lakh in FD and 10,000 monthly RD can grow into
SIP vs RD: Which turns 10,000 monthly investment into a bigger corpus in 10, 15 & 20 years?
Gold prices are high today, May 12, 2026. Major jewelers show rising rates for 22k gold. This follows a call to reduce gold buying for a year to help foreign exchange reserves. The India Bullion and Jewellers Association wants policy changes to use household gold better. They suggest allowing gold lending and borrowing.
Gold ETF inflows jump 34% to Rs 3,040 crore in April; silver ETFs log third straight outflow
Gold Exchange Traded Funds attracted substantial investment in April, with inflows surging by 34 percent. This marks a positive trend for gold ETFs. Conversely, silver ETFs faced continued investor withdrawal for the third consecutive month. Despite these movements, gold prices remained relatively stable. Assets under management for gold ETFs also saw an increase.
The mutual fund SIP stoppage ratio stayed above 100% in April for the second straight month, even as investors contributed Rs 31,115 crore. SIP inflows dipped 3% month-on-month, but industry leaders say steady participation, rising folios and robust SIP assets highlight investors growing confidence in long-term, goal-based investing.
Sectoral and thematic mutual fund inflows dropped 28% in April, raising investor caution. Experts suggest this trend reflects investors chasing hot themes and then moving on. While some sectors like defence and manufacturing show continued interest, diversified funds are recommended for long-term stability. SIPs in these funds can be continued with controlled exposure.
7 ways to crush credit card debt and build a 700+ score
Best flexi cap mutual funds to invest in May 2026
Flexi cap mutual funds offer fund managers the flexibility to invest across market capitalizations and sectors, making them suitable for moderate investors seeking long-term wealth creation. With an ideal investment horizon of five to seven years, these schemes allow managers to adapt to market conditions. Investors should carefully select a scheme aligning with their risk appetite.
Beyond mutual funds: How SIFs are redefining mid and smallcap investing
India's investment landscape is evolving with the introduction of Specialised Investment Funds (SIFs). These funds offer mutual fund-like regulatory discipline and tax efficiency while providing PMS-like flexibility for strategies such as long-short and dynamic exposure. This new structure aims to navigate the opportunities and risks in mid- and small-cap segments.
Q4 Results Today, May 12, 2026, Live Updates: Catch live updates
Employee wins Rs 50,000 compensation from EPFO for 10-year delay in processing EPF transfer claim
The Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a decade-long delay in transferring an employee's PF funds. Despite the EPFO's claims of technical difficulties, the commission found an inordinate and unexplained delay, amounting to deficiency in service. The EPFO was directed to pay Rs 50,000 as compensation and litigation costs.
Builder denied proper parking? Know your rights under RERA & key court rulings
Homebuyers facing parking disputes with builders can leverage RERA guidelines and judicial precedents. While RERA may not dictate specific parking sizes or guest allocations, court rulings clarify common area vs. garage distinctions and address issues like pillar encroachment and inadequate aisle width. Transparency in sale agreements and adherence to NBC norms are crucial for resolving these conflicts.
War & Caution: Retail investors temper equity MF buys in April
Retail investors channeled 38,440 crore into equity mutual funds in April, a slight dip from March, amid oil price uncertainty. SIP collections also saw a decrease. Despite this, overall assets under management rose significantly due to debt fund inflows and equity market gains.
The standalone health insurance company believes the retail health insurance industry would grow at around 1617% CAGR over the next few years
Q4 ResultsToday, May 11, 2026, Highlights: Follow our live
Rupee closes at record low of 95.31 per USD
FPIs sold equities worth $844 million on Monday, triggering dollar demand for repatriation purposes
BoB aims 10% corporate growth in FY27, 50,000 cr loans in pipeline
The bank will continue to look for funding beyond deposits as well in order to take care of liabilities
Railway pensioners and family pensioners will receive a Dearness Relief hike. Their relief will increase from 58% to 60% of their basic pension. This change takes effect from January 1, 2026. This move aims to compensate for rising prices. The increase will boost monthly pensions for millions of retirees across India.
Investor appetite shifted towards riskier mutual fund categories in April, with mid- and small-cap funds attracting record inflows and delivering stronger returns, while large-cap funds saw declining inflows amid changing retail investment preferences despite ongoing market volatility and valuation concerns.
SEBI proposes GARUDA green-channel for faster AIF scheme launches
Under the proposal, regular AIF schemes would be allowed to launch within 10 working days of filing the PPM with SEBI through a merchant banker, unless the regulator raises objections.
8 income tax form changes in FY 25-26 that every taxpayers should know: From PAN Card to TDS forms
Mutual fund SIP inflows decline 3% month-on-month to Rs 31,115 crore in April: AMFI data
Monthly mutual fund SIP inflows declined to Rs 31,115 crore in April compared to a fresh record high of Rs 32,087 crore in March. On a yearly basis, the monthly SIP inflow went up by 18% from Rs 26,400 crore in April 2025.
ADB commits over $5 billion to India in 2025 for skills, clean energy, transport and urban projects
The total commitment included $4.238 billion in sovereign lending and $1.06 billion for private sector operations
AMFI Data: Equity mutual fund inflows decline 5% MoM to Rs 38,440 crore in April
The total inflows in equity mutual funds declined 5% to Rs 38,440 crore in April.
RBI may hike rates twice in FY27 amid inflation and El Nino risks: HSBC
HSBC also lowered Indias FY27 GDP growth forecast to 6 per cent, warning that higher food prices, industrial cost pressures and climate-related disruptions could create a difficult policy environment for the RBI
Canara Bank Q4FY26 earnings soften, posts 10% dip to 4,506 cr
Domestic deposits rose 7.95 per cent y-o-y to 14,36,905 crore as of March 2026, compared to 13,31,137 crore in the same period last year
A 29-year married Redditt user has shared his story of how, just four years into his job, he not only paid off his education loan but also created a corpus of Rs 50 lakh, starting his investment journey from scratch with no family inheritance.
Quant Small Cap Fund: RIL and HDFC Bank among stocks bought and sold in April
Quant Small Cap Fund adjusted its holdings in April 2026. The fund exited HDFC Bank, Jio Financial Services, and Aarti Industries among others. New additions included Triveni Tribune, Sai Parenterals, and PTC India. Exposure was trimmed in Adani Power and Aegis Logistics. The fund increased its stake in Black Box, Capacite Infraprojects, and RBL Bank.
Post office TD vs PSU bank 5-year FD: Where can you get higher maturity on Rs 2 lakh investment?
For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25%. This translates to a significantly higher maturity amount on a Rs 2 lakh investment, with the Post Office TD potentially yielding nearly Rs 90,000 in returns.
Central government employees are concerned about their NPS retirement corpus due to market fluctuations. The All India NPS Employees Federation has proposed an assured pension of 50% of last-drawn salary plus DA to the 8th Pay Commission, arguing the current model provides inadequate pensions for many, especially those with shorter service or lower pay levels.
HDFC Mid Cap among 5 midcap funds with highest cash holding. Check details
Several midcap funds maintained significant cash reserves in March, with Axis Midcap Fund leading at approximately 9.3%. Other funds like the Taurus Mid Cap Fund and the HDFC Mid Cap Fund also held substantial cash, reporting 8.8% and 7.7% respectively. Baroda BNP Paribas and Bank of India Mid Cap Funds rounded out the list with allocations of 7.5% and 6.5%.
A portfolio is like an Indian thali: Radhika Gupta explains why global diversification matters
At a time when Indian investors are increasingly exploring overseas markets amid strong performance in global equities, fund managers at the Groww India Investor Festival 2026 cautioned against treating international investing as a short-term return-chasing strategy.
Planning to rebalance your mutual fund portfolio amid market volatility? Heres what experts suggest
The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in Indias wage and social security compliance framework. As the expanded definition of wages increases social security liabilities, many employers may consider restructuring salary structures to manage rising costs. However, section 124 of the Code places an important restriction on such measures by prohibiting employers from reducing employee wages or benefits to offset these additional liabilities.
Prime Minister Narendra Modi urged citizens to temporarily reduce gold purchases for one year to ease pressure on foreign exchange reserves and imports. Following his appeal, gold prices saw a slight dip. Today, 22k gold is priced around Rs 13,945 per gram at major retailers, with Tanishq showing a slightly higher rate.
RBI should dial back rupee intervention: Former Governor Subbarao
The central bank should let the exchange rate weaken to send the correct price signals amid rising import costs and foreign fund outflows, Duvvuri Subbarao, governor of the RBI from 2008 to 2013, said
Tata Large Cap Fund has turned a Rs 10,000 monthly SIP into over Rs 5 crore in 28 years. The fund also delivered substantial returns on lump sum investments. Experts highlight its disciplined approach and focus on quality companies.
Can you be fired from job despite achieving your annual target? Know what the labour law says
Meeting annual targets doesn't guarantee job security in the private sector. Labour laws, particularly the Industrial Disputes Act, offer protections for 'workmen' against unfair retrenchment, including the Last In, First Out principle. Managers, however, have weaker protections, with wrongful termination claims often being contractual and focusing on discrimination or policy violations.
Explore this practical guide to smarter home financing
Securing a home loan requires careful financial planning. Understanding eligibility criteria, using an EMI calculator, and checking your credit score are crucial steps. Evaluating loan charges and strengthening your profile can lead to a more favorable borrowing experience and a sustainable homeownership journey.
Second marriage & dowry harassment: SC quashes FIR against in-laws, keeps 498A case against husband
The Supreme Court quashed FIRs against a husband's in-laws and sister in a dowry harassment case. While the wife alleged they were aware of his second marriage, the court found no evidence of their active participation. The case against the husband, however, proceeds due to specific allegations of torture and dowry demands.
RBI likely selling dollars to limit rupee's fall, traders say
Rupees fall amid a renewed surge in oil prices has surfaced worries over the risks to Indias economic outlook
Small savings schemes explained: Safe returns & tax benefits
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 102nd part of this series, Riju Mehta details the features of such schemes.
Small and micro caps lead market gains in 2026
Welcome to TrendMap, your guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.
Why reputation capital is your second job at work
Salary is Job 1. Reputation is Job 2. Most manage only one, says Devashish Chakravarty
Why Indian investors are turning to foreign markets
Indian investors are increasingly looking beyond domestic markets for diversification and better returns. Seeking exposure to global innovation and facing weaker local market performance, a growing number are investing overseas. Easier access through new platforms and a weaker rupee are making foreign assets more attractive, with significant growth seen in global feeder funds and overseas equity investments.
Bundled vs standalone: Which travel cover wins?
Since both serve specific purposes and needs, pick the one that suits your travel itinerary and circumstances
From glossy returns to tax drag, what an equity PMS earns investors often trails what is advertised.
Lending money to friends? Read this first
When a friend or a relative asks you for a personal loan, always seek time. There is no need to feel pressurised to respond immediately. Sometimes, just saying that you will think about it is enough for the other to back off. They may feel hesitant to follow up, or seek others.
Missed claim deadline? Reimbursement still possible
A Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 90-day deadline. The court invoked Section 28 of the Contract Act, deeming such clauses void. This judgment emphasizes that genuine claims should be assessed on merits, not technical procedural delays, aligning with IRDAI's fair claims philosophy.
How infrastructure is reshaping real estate demand
To maximise gains from an anticipated infrastructure development, the most crucial point to keep in mind while investing early is that pricing often runs ahead of liveability. Unlike the ecosystem of social infrastructure like schools and hospitals, retail catches up and end-user demand remains cautious.
Crude surge reshapes oil & gas sector outlook
Global oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a major concern. High oil prices are impacting demand. Upstream companies benefit, while downstream oil marketing companies face margin pressure. Natural gas recovery is expected to be slower.
Protecting your household budget with EVs, solar
Fuel prices are volatile, electricity tariffs are rising, and your LPG cylinder is at the mercy of global events. Heres how switching to an EV, rooftop solar, or an induction cooktop can protect your household budget. And what it will actually cost you.
RBI and ECB sign a new MoU for strengthening central bank cooperation
The updated MoU, which replaces an earlier agreement signed in 2015, provides a framework for regular exchange of information, policy dialogue and technical collaboration between the two institutions in areas of mutual interest in the field of central banking
CMS wins 5-yr managed ATM services outsourcing mandate from HDFC Bank
Order valued at 400 crore
Mothers Day 2026: Why mutual fund SIPs, emergency funds, and insurance are essential for mothers
Financial experts emphasize smart planning for mothers' future security, urging early and consistent investing. Flexi-cap and large-cap funds are recommended for growth, while debt and hybrid funds suit retirement. Working mothers can afford higher equity exposure, whereas homemakers benefit from a more conservative approach.
Rajeev Thakkar and Sankaran Naren see value in IT despite AI disruption concerns
Veteran fund managers Rajeev Thakkar and Sankaran Naren believe select Indian IT stocks are becoming attractive despite AI disruption concerns. While Naren called the sector a contrarian valuation play with possible risks, Thakkar argued Indian IT firms have historically adapted to technological shifts, and AI-driven productivity could ultimately expand demand.
Equity MFs delivered over 8% return last week. Check top 9 funds with over 5% gain
Equity mutual funds saw a strong performance last week, with over 8% returns for the category. Among the top performers, international funds like Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the pack with an 8.49% gain.
Navneet Munot, Nilesh Shah and Kalpen Parekh caution investors against chasing unrealistic returns
Top mutual fund managers at the Groww India Investor Festival 2026 advised investors to avoid unrealistic return expectations, emotional investing and social media-driven decisions. They stressed disciplined SIP investing, asset allocation, patience and behavioural awareness as key drivers of long-term wealth creation while remaining optimistic about Indias long-term growth prospects.
PMJJBY, PMSBY settle claims worth 25,160 cr since their launch in 2015
Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively
NFOs : 7 mutual funds and 3 SIFs are open for subscription. Check details
Seven new mutual fund schemes and three Specialised Investment Funds (SIFs) are currently open for subscription, offering investors fresh opportunities across equity, debt, hybrid, and thematic categories.
New to mutual funds? Experts suggest using 50-30-20 rule to build a smart investment strategy
New investors often find mutual funds daunting. Experts advise focusing on personal goals, risk tolerance, and investment timelines over market noise. For beginners, starting with stable categories like large-cap or index funds is recommended. Hybrid and dynamic funds can also ease the journey. Emotional reactions to market dips should be avoided; consistency is key.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
For senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank proudly tops the list with an impressive 8.05% for a five-year commitment. Other small finance institutions are also stepping up with competitive offers. Remember, while it's tempting to chase high returns, prioritizing safety is key.
Star-rated flexi cap funds have generated 15%+ returns in 3 years, with schemes from Parag Parikh, HDFC, and Quant emerging as top performers amid strong equity market momentum.
Q4 ResultsToday, May 9, 2026, live: Catch live updates on companies like Blue Dart Express, Kewal Kiran Clothing, Medi Assist Healthcare Services, Sambhv Steel Tubes, Utkarsh Small Finance Bank and others here.
The Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and foreign assets. These updates aim to simplify filing for various taxpayer categories, including individuals, businesses, and presumptive income earners.
Missed GST return filing? Your GST registration could be suspended; check the legal position
GST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight this change, enacted in 2022, is causing business disruptions. While authorities have more flexibility, concerns are raised about arbitrary actions and the need for clearer guidelines and appeal mechanisms.
Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April
Parag Parikh Flexi Cap Fund boosted its holdings in ITC, TCS, and HDFC Bank during April. The fund also increased its stake in fourteen other companies, including Indraprastha Gas and HCL Technologies. Exposure was reduced in Coal India and Power Grid Corporation of India. The fund made a complete exit from Balkrishna Industries.
Aishwarya Bachchan won a tax case in ITAT Mumbai. She claimed Rs 1.49 crore interest deduction on a loan taken for Venture Capital Fund investments. The tax department denied this. ITAT ruled in her favour, allowing the deduction. The tribunal cited consistency in accepting similar claims and sufficient proof of fund utilisation for income generation.
Saturday bank holiday: Are banks open or closed today on May 9, 2026?
Bank holiday today: Bank customers should check whether banks are open or closed before making a physical visit to a branch. Apart from regular weekend closures and national holidays, banks in different states will also remain closed in May 2026 on various regional and local occasions.
SC extremely shy to order arrest inADAGbank fraud case
Says arrest is a matter for probing agencies;CBIpegs losses in 7 cases at 27,337cr
Q4 ResultsToday, May 8, 2026, Highlights: Catch live updates
The RBI has also prescribed a revised formula for determining eligible profit that can be included in CET1 capital
SBI reports modest 6% profit rise in Q4FY26 amid lower treasury income
Lower provisions and steady loan growth support SBI earnings amid margin compression
Bank of Baroda clocks 11% increase in Q4 profit at 5,616 cr
Board recommends a final dividend of 8.50 per equity share for the FY26
Karur Vysya Bank guides for steady FY27 credit growth amid global uncertainties
The bank cautious on its guidance for NIM and return on assets due to uncertainties around interest rates, deposit costs and geopolitical risks
Citigroup highlights Indias key role in global growth strategy
India has emerged as an increasingly important hub for facilitating cross-border capital flows, says Balasubramanian
The Latest Home Loan Interest Rates: May 01, 2026
The Latest Home Loan Interest Rates: May 01, 2026
