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Rupee logs biggest single-day gain in over 3-weeks; closes below 95-mark
The Indian unit closed 44 paise stronger at 94.96 per US dollar
Sharp rise in general insurance complaints raises service quality concerns: RBI
The unresolved grievances could undermine policyholder confidence and pose broader financial stability risks, RBI said
RBIs first monthly NBFC credit data shows 14.2% growth in May 2026, led by retail lending
Retail lending remains the sectors growth engine, with gold loans surging nearly 70 per cent and consumer durable finance rising 42 per cent year-on-year in May 2026
SBI eco research team says time opportune to revise priority sector lending guidelines
The RBI had devised PSL mechanism in 1972 to ensure credit flow to underserving sectors
CBI files chargesheet in Reliance Commercial Finance Ltd bank fraud case
The CBI has so far arrested Amitabh Jhunjhunwala, former Vice Charman of Reliance Capital Ltd, Devang Pravin Mody, former CEO of RCFL, and Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd.
Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications filed after April 1, 2026, will follow the 2025 Act. Taxpayers need not take additional action for this transition.
India's UPI to integrate with Indonesia's payment system, says PM Modi
President Prabowo Subianto also confirmed that both countries will work on establishing cross-border QR payment linkages
8th Pay Commission latest news: Railway inspection, Odisha meetings and other key updates explained
One co-owner can evict tenants without others' formal consent. The Bombay High Court and Supreme Court have upheld this right. This principle allows a co-owner to act as an agent for others. However, objections from other co-owners can weaken the eviction case. Documenting consent and avoiding ownership changes during litigation is crucial.
Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and education. Withdrawals for marriage and housing are permitted up to five times. Special circumstances allow advances twice annually under new guidelines.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
SBI Funds Management draws top sovereign funds in $1.2 billion IPO
The IPO, likely to open next week, will kick off a busy pipeline of public offerings for India in the second half of the year
Planning investments in midcap mutual funds? Check these 5 funds with over 20% gain in 3 years
Five midcap mutual funds delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund at 26.3%, highlighting strong wealth creation despite market volatility.
Elder sister gave the house to a brother via registered Will but other other brothers occupied the house with an alleged unregistered Will; Andhra High Court upholds registered Will and rejects other brother's claim on unregistered Will's basis. Know what did Andhra Pradesh High Court say about the Will.
Explained: How to calculate your retirement corpus while accounting for inflation
Gold prices saw a decline across major Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates. These price drops were observed in cities like Delhi, Mumbai, and Chennai.
Twelve equity mutual funds achieved over Rs 1,000 NAV by July 2026. These funds delivered up to 24% CAGR since their respective inception dates. Most schemes have been available for over twenty-five years in the market. Nippon India Growth Mid Cap Fund showed the highest NAV at Rs 4,499.70. These funds represent various categories including mid cap and flexi cap.
EPS pension: Check how much monthly pension you can get after 1025 years of service under EPS 2026
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme maintains the existing pension calculation formula for subscribers. Pensionable salary is determined by the average of the last sixty months' earnings. Employees receive a minimum monthly pension of one thousand rupees. Service years are enhanced by two years for those with twenty or more years of contribution.
Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list
HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.
Think 12.75 lakh salary means zero tax? These incomes may still attract tax
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. Some EPFO services are temporarily unavailable on the UMANG app due to this migration.
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.
Worlds smartest investors are turning to fine wine and rare whisky. You can too! 9 things to know
New EPF Scheme, 2026: What existing and new PF subscribers should know
India's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see continuity in their balances and membership, while new entrants will find a clearer framework for contributions and benefits. A key change involves increased flexibility for voluntary contributions, allowing employees to build larger retirement funds.
HNIs turn to hybrid debt funds, SIFs for higher post-tax returns
Rich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax efficiency for portfolios. Funds bundle debt, arbitrage, REITs, and InvITs to boost investor returns. This strategy provides a tax advantage over fixed deposits and debt funds. Investors must understand liquidity differences between fund types.
IDFC FIRST Bank launches EPFO-integrated PF payment services for businesses
The bank said the service will help businesses improve cash flow management and ensure timely statutory compliance
K Ram KumarThere are 33 banks currently operating in the IFSC, comprising 15 foreign banks, 10 private sector banks and 8 public sector banks
Intellect Design Arena signals strategy around AI-first banking
In the companys annual report for FY25-26, Intellect Design Arena said that financial institutions are increasingly embedding AI across enterprise operations
Bitcoin reclaims $63,000 as ETF inflows, easing macro concerns lift crypto sentiment
From a technical perspective, analysts see the $65,000-$70,000 range as the next major resistance zone for Bitcoin
Private insurers commission payouts on the rise, mis-selling risk grows: RBI
IRDAI is expected to announce new norms on commissions soon
What the NMC case means to BankofBaroda investors
Bank of Barodas $600 million settlement could significantly affect current quarter earnings and weigh on investor sentiment
Amit Shah announces cooperative life insurance company; Bharat Taxi to expand to 500 cities
He also unveiled reforms to modernise cooperatives through PACS expansion, e-PACS, storage infrastructure and merit-based hiring.
New rules under the Income Tax Act 2025 are set to curb tax evasion by limiting cash transactions. Individuals cannot receive over Rs 2 lakh in cash from one person daily. Loans, deposits, and repayments exceeding Rs 20,000 must be cashless.
Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions.
Want Rs 50,000 every quarter from SCSS? Check how much you need to invest
Senior citizens can now secure a steady income with the Senior Citizens' Savings Scheme (SCSS), which offers an attractive 8.2% interest rate. To generate approximately Rs 50,000 quarterly, an investment of around Rs 24.40 lakh is required.
How much should you invest through SIPs to build Rs 1 crore? Use this calculator
Learn how to calculate the monthly investment needed to build a Rs 1 crore corpus using Excels PMT function or a manual formula. The guide explains assumptions, calculation steps, and how changing returns, goals or timelines affects required investments for better financial planning.
EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will work
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% of wages, subject to the statutory wage ceiling. It also preserves the VPF framework, allowing employees to make higher voluntary contributions without requiring employers to match them, while offering flexibility to discontinue them later.
A total of 12 equity mutual funds delivered an XIRR of over 15% on SIP investments over the last three years, according to an ETMutualFunds analysis of 255 schemes. Midcap and small-cap funds dominated the list, while just two funds posted negative SIP returns during the period.
The Odisha High Court has ordered the state government to release pending salary for an employee denied wages for over three years due to a stalled disciplinary case. The court emphasized the right to livelihood under Article 21, stating that withholding salary infringes upon basic human dignity. This landmark ruling ensures the employee receives dues, while the disciplinary proceedings continue separately.
Real estate private credit funds see refinancing demand rise as residential sales moderate
Developers shift to private credit for balance-sheet management rather than distress financing, with deal pipelines already up 10 to 20 percent
IIFCL plans to raise $2.3 billion via ECBs, overseas borrowing
Mops up 1,848 crore through NCD issue at a 7.25% coupon rate
The 8th Pay Commission is actively consulting stakeholders across India, recently holding discussions in Bhubaneswar and planning for Kolkata. Notably, the commission intends to conduct firsthand inspections of Indian Railways' operations, including track maintenance, signal work, and train control, to better understand employee working conditions and risks before salary revisions. Railway technical supervisors are advocating for broader operational inspections to ensure a comprehensive review.
Gold prices saw a slight dip today, July 6, 2026, Check 22k jewellery rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. Consumers are advised to check the latest rates before purchasing.
EPS 2026 vs EPS-95: Key changes in minimum pension, eligibility and contributions explained
The Employees' Pension Scheme (EPS), 2026 has replaced EPS-1995 and the Employees' Family Pension Scheme, 1971 under the Social Security Code, 2020. Despite the new scheme, the minimum monthly EPS pension remains unchanged at Rs 1,000, the same as since September 1, 2014.
Nearing retirement? Here's how to decide between a bank FD and an SWP for monthly cash flow
Nearing retirement and confused between bank FDs and SWPs for monthly income? An expert suggests a balanced approach. Instead of picking just one, combine safe instruments like FDs for immediate expenses with hybrid or equity funds for growth.
Sovereign Gold Bond (SGB) 2020-21 Series-IX investors can now redeem their bonds prematurely from July 4, 2026. The Reserve Bank of India has fixed the premature redemption price at Rs 14,366 per unit, reflecting a significant 190.22% return on the initial investment.
Bank of Maharashtra logs 27% rise in loan growth, total business crosses 6.5 lakh cr in Q1
The lender reported a 13 per cent rise in total deposits to 3.44 lakh crore in the reporting quarter against 3.05 lakh crore at the end of the first quarter of the previous financial year
NFO Insight: Can AlphaGrep's algorithm-driven multi-asset fund deliver better risk-adjusted returns?
AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a unique algorithm-driven approach. This open-ended scheme dynamically allocates capital across equities, fixed income, and commodities, aiming for better risk-adjusted returns with minimal human bias. Experts weigh in on the merits of algorithmic versus traditional multi-asset strategies, highlighting the importance of a long track record and individual investor control over asset allocation.
Several organisations representing central government employees and pensioners have urged the 8th Pay Commission to revise HRA, transport allowance, family unit norms and dearness allowance.
Best mid cap mutual funds to invest in July 2026
Mid-cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these companies offer potential for future growth, they also carry significant risks, including corporate governance issues. Investors with high risk tolerance and a long-term horizon (7-10 years) are advised to proceed with caution, focusing on regular investments rather than quick gains. Several mid-cap funds are highlighted for their recent performance.
Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.
Bank holiday today: Are banks open or closed today (Monday, July 6, 2026) in your state?
Bank holiday today: Banks will remain closed in select states on July 6, due to regional observances, while they will function as usual in the rest of the country. Here's a look at where banks are closed today and the reason behind the holidays.
Home loan trap: Is it ruling your life?
Many Indians stretch finances for dream homes, but hefty home loans lead to years of uncomfortable choices. Borrowers face lifestyle compression, career stagnation, and deferred savings, impacting family life and personal well-being. Experts urge homebuyers to prioritize true affordability over aspirations, stressing that a loan should enhance life, not dictate it, by considering future uncertainties and maintaining financial flexibility.
Too much riding on one AI stock? Diversify now
With tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
Foreign universities in India: Should you enrol?
Foreign universities are now opening campuses in India, offering Indian students a chance to earn international degrees without leaving the country. This influx is driven by India's large student market and policy changes. While offering a more affordable global education, these campuses present fewer course options and facilities compared to their parent institutions abroad.
Should children pay rent to parents? US vs India
In the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In India, in contrast, living with parents has remained a default option for young adults until they get married or move to another city for a joban arrangement that isendorsed by tradition.
Can the Jio IPO power the next telecom rally?
Strong revenue growth, rising data demand and a landmark Jio IPO signal a favourable sector outlook.
Why tax should never drive investment decisions
An investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The new tax regime, now the default and chosen by close to three in four taxpayers, has done away with such deductions. Where there is no Section 80C to chase, there is no reason to go shopping for the bad product in March.
11 property documents every homebuyer must check
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 110th part of this series, Riju Mehta lists the legal certificates that are crucial for home ownership.
Alpha and value factors lead markets 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.
Rise in dollar inflows may put additional pressure on Gold prices
Strong NRI interest in FCNR(B) deposits could bolster the rupee and keep domestic gold prices under check, say analysts
PSU banks begin FY27 with strong loan growth; deposits trail
Retail, agriculture and MSME (RAM) loans continued to drive credit expansion across lenders
6 mutual fund NFOs to open for subscription this week. Check dates and key details
Investors have a busy week ahead with six new mutual funds launching. Mirae Asset, NJ Mutual Fund, Edelweiss, and AlphaGrep are introducing a mix of passive and actively managed schemes. These new offerings aim to broaden investment choices, with subscription periods starting as early as July 6th and minimum investments as low as Rs 500. Explore these new avenues for your portfolio.
Pvt sector banks log robust growth in deposits and advances in Q1FY27
The private sector banks deposits rose 14.7% year-on-year, while gross advances increased by 15.4%
Quant Mutual Fund expects Indian equities to consolidate after the recent rally but believes micro-, small- and mid-cap stocks will drive alpha. It remains bullish on energy, infrastructure, select financials, telecom and pharma while advocating active portfolio management over passive investing.
FD rate up to 8.3% for senior citizens investing for three years; Know list of banks
Senior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lucrative opportunity for savings. While deposits are insured up to Rs 5 lakh, experts advise caution. TDS is deducted if FD interest exceeds Rs 1 lakh annually, but eligible individuals can avoid this by submitting Form 15H.
11 equity mutual funds deliver over 25% in 3 months. Do you own any?
Eleven equity mutual funds generated over 25% returns in the past three months, led by small-cap schemes. JM Small Cap Fund topped the list with a 35.02% gain. Experts advise investors to prioritise risk profile and goals over past performance.
Despite recent underperformance, experts continue recommending Parag Parikh Flexi Cap Fund for its consistent long-term, risk-adjusted returns and disciplined large-cap bias. They advise investors to evaluate funds over complete market cycles instead of chasing short-term performance or recent category leaders.
A Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh refund. The Income Tax Appellate Tribunal (ITAT) Delhi intervened, ruling that withholding the refund on a technicality would amount to unjust enrichment. The tribunal emphasized that tax can only be collected by law, allowing the landlord to claim his rightful refund.
Father can't relinquish daughters share in ancestral property to son; Know the legal position
A father cannot legally sign away his daughter's rightful share in ancestral property to his son, the Andhra Pradesh High Court has ruled. Under Mitakshara Hindu law, daughters hold an independent interest in coparcenary property, which a father cannot relinquish. This ruling clarifies that such deeds only affect the father's personal share, not other co-sharers' rights. Self-acquired property, however, remains at the owner's disposal.
Husband worked in Oman and could not talk with late wife; Wife committed suicide by saying refusal to speak to her over the phone caused her severe mental distress; Indian Trial Court convicts him for cruelty under Section 498A and 304B for dowry death and sentences 3 years jail with Rs 10,000 fine; Supreme Court gives him relief from jail by cancelling all the criminal charges
Gold prices have seen a notable recovery this week, with both gold and silver rates climbing according to the India Bullion and Jewellers Association (IBJA). This upward trend follows a dip experienced last week. 22k gold jewellery rates at leading brands such as Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers and Joyalukkas also rose.
Gold down 5.6%, silver 10.8% in a month: Should you buy the dip or wait? Experts answer
Gold and silver prices have seen a significant dip on the MCX, prompting questions for investors. Experts attribute the fall to a strong dollar, potential Fed rate hikes, and profit-booking. While a recovery is possible with macro triggers, analysts suggest a cautious approach. New investors might find opportunities to accumulate, while existing holders are advised to view this as a consolidation phase, potentially rebalancing their portfolios.
Saturday bank holiday: Are banks open or closed today on July 4, 2026?
Navigating bank operations on Saturdays can be tricky due to varying regional holidays. Remember, banks observe closures on Sundays and the second/fourth Saturdays, but remain open on others unless a specific holiday is declared. While digital banking offers convenience, certain essential services still necessitate a branch visit.
Forgotten FDs, shares or insurance? Heres how to recover unclaimed financial assets
Years of diligent wealth building can be lost to forgotten investments. Life's changes often lead to unclaimed bank deposits, insurance, shares, and mutual funds. Fortunately, the government's Unclaimed Assets Portal offers a single search point. While it helps locate these assets, remember it's a search tool, not a claim settlement system. Recovering your money requires a separate process with the relevant institution, even if funds were transferred to government-managed accounts.
CAMS Investor Services receives approval from IFSCA Gift City
Subsidiary of CAMS to tap global markets with new KYC registration agency
Wealth Company appoints Kulkarni as Managing Director
Veteran with Merrill Lynch and Julius Baer experience to drive product strategy and innovation
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Home Loan Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
The Latest Fixed Deposit Interest Rates: Jun 26, 2026
Bank holidays July 2026: State-wise list of closures
Bank branches will observe a relatively light closure schedule in July, with the holiday calendar largely shaped by regional observances in northeastern and border states
Artha Bharat launches GIFT Citys first physical gold fund with option of gold bar redemption
The launch is also positioned as a potential catalyst for the India International Bullion Exchange
The Wealth Company Asset Management announces appointment of Unmesh Kulkarni as managing director
The Wealth Company Asset Management, part of Pantomath Group, has appointed Unmesh Kulkarni as its Managing Director. With 29 years of experience in wealth management and capital markets, Kulkarni previously co-founded Merrill Lynch and Julius Baer's wealth management arms in India.
ITR filing 2026: Made foreign investments? Follow this checklist to avoid tax scrutiny
Paytm's European arm secures payment institution licence in Luxembourg
Paytm's European arm, Paytm Europe Payments, has secured a crucial payment institution license from Luxembourg's financial regulator, effective July 2, 2026. This approval allows the company to offer a range of payment services, including fund transfers and credit line-backed transactions. The move follows a significant investment by its parent company, One 97 Communications, to bolster the European entity's capital and support its business expansion.
Certificates of deposit issuances rise 38% in June amid tight liquidity, credit offtake
When compared to the preceding May, the CD issuances jumped 61.79%
Bank of India Small Cap among 6 equity funds to deliver over 15% return in 6 months. Check details
Six small cap mutual funds delivered over 15% returns in the past six months, led by Bank of India Small Cap Fund with a 21.04% gain. Other performers include TRUSTMF, JM, Motilal Oswal, Union, and ITI funds, reflecting strong momentum in the small cap segment.
Delhi High Court ruled that tenants overstaying their lease must pay increased rent as per the agreement, even if they temporarily requested more time to vacate. The court emphasized that continued possession triggers the rent escalation clause automatically. This applies even to unregistered lease deeds, as the obligation matures upon expiry of the initial term. Landlords can pursue legal action for unpaid rent and eviction.
