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Wifes MBA degree or past employment with MNCs cant stop her from demanding maintenance, rules HC
An Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considered a case where a husband argued his wife's MBA and past jobs meant she could earn. The court emphasized her current inability to maintain herself and the husband's financial status.
Two friends were left stranded in Indonesia after an airline preponed their flight without prior notification. The Chandigarh State Consumer Commission ordered the airline to pay Rs 50,000 in compensation and refund the full ticket cost with interest, acknowledging the deficiency in service and the passengers' distress.
RBI's record dividend may help govt manage rising subsidy burden amid West Asia crisis: Experts
DK Srivastava, Chief Policy Advisor at EY India, said the higher surplus transfer could help the government partly manage rising subsidy expenses
Bandhan Small Cap among top 5 smallcap funds with highest risk-adjusted returns. Check details
Bandhan Small Cap Fund topped the list of small cap schemes with the highest Sharpe ratio, indicating superior risk-adjusted returns over three years. ITI Small Cap Fund, Invesco India Smallcap Fund and two smallcap index funds also delivered strong performance with balanced risk metrics.
Intermediary commissions take toll on insurance cos profit: Praxis study
Indias top insurers run combined ratios of 110113%, spending more than they earn on every policy while their global D2C counterparts operate profitably at 8489%
The Andhra Pradesh High Court has permitted Smt Nagamma to operate her husband's bank account. Her husband is in a persistent vegetative state and requires ongoing medical care. The court recognized the wife as the natural guardian, citing the ancient Indian concept of 'Ardhangini'. This decision will help fund his treatment and household expenses. The court mandated regular account updates.
Financial experts advise first-time SIP investors to focus on diversified equity mutual funds for long-term goals, avoid panic during volatility, limit exposure to sectoral funds, and rely on professional fund managers for balanced asset allocation and disciplined wealth creation over time.
A bus employee died after falling from the bus roof where he slept due to a lack of rest room facilities at Ghodasar bus station. The Gujarat High Court upheld a compensation award of Rs 6.52 lakh with interest and penalty, applying the principle of notional extension of employment.
FD rate up to 8% for senior citizens investing for three years; Know list of banks
Senior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offering this attractive rate for deposits up to Rs 3 crore. Investors should be aware of TDS rules and the option to submit Form 15H to avoid deductions if their total income is below taxable limits.
Executing a Will in India is often more complex than believed, involving numerous institutions and documentation hurdles. Nominees do not automatically become owners, and digital assets present new challenges. While probate is now voluntary, it remains advisable for dispute prevention, and meticulous documentation is crucial to avoid lengthy delays in asset transfer.
Gold prices saw a slight fluctuation this week. 22k gold rates at Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds are provided for May 22, 2026. IBJA data shows a marginal increase in gold prices from May 18 to May 22, 2026. Silver prices, however, declined significantly during the same period.
New PAN norms 2026: Where quoting is relaxed and where its now mandatory
New Income Tax Rules, 2026 have relaxed PAN quoting for several transactions, including cash deposits and debit card applications. However, PAN is now mandatory for certain property transactions and annual cash withdrawals exceeding Rs 10 lakh. Form 97 replaces Form 60 for declarations without PAN.
Wars, Oil and Wealth: The world adapts faster than we think, lessons for equity investors
India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic reach and a far more diversified economic structure than in earlier decades. Higher oil prices may affect inflation, current account balances and near-term sentiment, but they are unlikely to derail the broader growth trajectory of the country.
Emirates NBD to launch open offer for 26% stake in RBL Bank from June 1
The offer will open on June 1 and close on June 12.
RBI approves ICICI Bank CEO Sandeep Bakhshi reappointment for two more years
Bakhshi, who has led the bank since 2018, was earlier approved by the banks board subject to RBI clearance
SBI union defers nationwide strike planned for May 25 and 26
SBI assured its customers that all regular banking services would function without disruption.
Net FDI rises in FY26 on higher gross inflows; portfolio investment flows weaken
Outward direct investments by Indian companies rose to $33.3 billion from $28.2 billion in FY25.
Global uncertainty slows overseas remittances under LRS in FY26: RBI bulletin
According to RBI data, total outward remittances under LRS fell by 2% year-on-year to $28.9 billion in FY26, down from $29.6 billion in FY25
RBI slaps 10.10 lakh penalty on City Union Bank, 2 more entities
City Union Bank was fined as it levied loan-related charges on certain agriculture advances qualifying as priority sector loans and for withholding data from credit information companies
The Latest Fixed Deposit Interest Rates: May 22, 2026
The Latest Fixed Deposit Interest Rates: May 22, 2026
The Latest Home Loan Interest Rates: May 22, 2026
The Latest Home Loan Interest Rates: May 22, 2026
SBI customers are advised to utilize digital services like ATMs, CSPs, and the Yono app as the All India State Bank of India Staff Federation plans a two-day strike on May 25-26, 2026. The strike stems from concerns over outsourcing policies, armed guard shortages, and issues with the National Pension System.
Bengaluru's Greater Authority is hosting an e-Khata open house on May 23, 2026, from 10 AM to 5 PM across various locations including Whitefield and Koramangala. This event, part of the Bhoo Guarantee-6th Guarantee scheme, aims to resolve citizen issues and provide on-the-spot assistance for Khata-related services.
SBI advises customers to use alternative mediums to transact after staff's strike call
SBI has requested its over 52 crore customers to use automated teller machines, customer service points, and prefer online banking services like YONO and UPI by the lender
Institutional buyers over-subscribe Central Bank of India OFS by 2 times; put in 2,380 cr bids
Till the close of trading hours on Friday, institutional investors put in bids for over 76.86 crore shares, which is about 2.36 times of the 32.58 crore shares on offer.
RBI approves record 2.87 lakh crore surplus transfer to government
The RBIs Central Board, chaired by Governor Sanjay Malhotra, made the decision during its 623rd meeting in Mumbai
Filing your ITR early for AY 202627? Why you should wait till June 15
With the utilities for ITR filing for AY 202627 being available now, many taxpayers are planning to file their returns early. However, incomplete AIS data, pending TDS filings, and delayed financial reporting may lead to mismatches, notices, and revised returns. Taxpayers should prioritise accurate reconciliation and complete reporting over speed in tax compliance.
Gurugram Deputy Commissioner has issued a stern warning to government employees. Attempts to influence transfers and postings through public representatives or senior officers are prohibited. Such actions violate conduct rules and will lead to disciplinary action. Employees must use official channels for all service-related matters. This directive aims to uphold administrative discipline and fairness.
Most people do not underinvest because they are unaware of the reality or are careless. They underinvest because nobody showed them the future cost of their own goals & without these answers, an SIP remains a habit with hope attached to it.
How long will it take to build Rs 2 crore with a Rs 10,000 monthly SIP?
RBI injects 81,590 cr transient liquidity into banking system via 3-day VRR auction
RBI said the funds were infused at a 5.26 per cent cut-off rate
RBI announces underwriting auction results for three government securities
Primary dealers underwrite 21,000 crore through additional competitive underwriting on May 22, 2026
Struggling with retirement calculations? These 4 rules can help you estimate the future corpus
Compounding and discounting are key personal finance concepts that help investors understand wealth creation and the present value of future money. The article explains the Rules of 72, 114, 144 and 70, highlighting how investments grow over time, how inflation erodes purchasing power, and why time value plays a critical role in financial planning.
Gold prices experienced a slight dip across major jewellery brands on Friday, May 22, 2026. The IBJA also reported a marginal fall in gold prices for various purities. However, the IBJA noted an increase in the price of 999 purity silver.
Over 62,000 defence civilian employees are hopeful of retaining their central government employee status following a cabinet secretary's assurance. This status offers job protection, better benefits, and pay revisions, including those from the 8th Pay Commission, compared to PSU employment. The government had previously assured this in court but a formal notification is awaited.
India-focused offshore equity funds and ETFs struggle in 1 year. Check bottom 5 performers
India-focused offshore funds and ETFs underperformed the MSCI India USD Index over the past year, with mid and smallcap exposure dragging returns lower. Several funds posted losses exceeding 20% amid market volatility.
Aditya Birla Capital plans to use 3,500 cr to drive business growth
The company will seek shareholders' approval for the fundraise at its extraordinary general meeting scheduled on June 12, 2026
Looking for smallcap mutual funds? Here are the top 4 picks for May 2026
Top-performing smallcap funds delivering strong returns amid sustained market momentum.
New Labour Code: Are 2-day full & final settlement and leave encashment rules already in force?
Understanding digital asset savings products: How idle crypto holdings can be utilised
Investors are now looking beyond trading digital assets. New savings products allow users to earn returns on crypto holdings that would otherwise sit idle. These offerings cater to long-term holders and stablecoin users seeking better portfolio efficiency. Platforms like CoinEx provide flexible and fixed-term options.
Time to buy rupee assets? DSP Mutual Fund lists 5 reasons favouring Indian equities and bonds
DSP Mutual Fund has urged investors to allocate towards rupee-denominated assets despite concerns over crude oil prices, currency weakness and foreign outflows. The fund house cited undervalued REER levels, narrowing India-US inflation differentials, resilient external sector buffers, attractive largecap valuations and cyclical forex trends as key reasons favouring Indian equities and bonds.
New central government labour code rules offer a creche allowance of at least Rs 500 per month per child for two children. This benefit applies to employees with children under six years old if their company does not provide a creche facility. The allowance is taxable. These rules are effective from May 8, 2026, and apply to specific establishments.
Key factors for choosing orkmens compensation policy
Choosing the right workmen's compensation policy is crucial for protecting your employees and business. It involves understanding your specific risks, ensuring comprehensive coverage beyond statutory limits, and considering inclusions for contract workers. Prioritize value over the cheapest option, focusing on claim settlement efficiency and insurer reliability for long-term business resilience.
The winning asset class not only outperformed the other asset classes in the long run but also beat inflation 7-9%. Among the asset classes, Indian equities have emerged as the clear winner in the long run. According to FundsIndias Wealth Conversations Report May 2026 report, Nifty 50 TRI beat inflation by 7-9% on average.
Mufin Green Finance shares rise on strong FY26 results; AUM nearly doubles
At 11.59 AM, the stock was at 122.75, up 0.71% from its previous close of 121.89, with buy orders dominating at 70.41% of total quantity traded
Franklin Templeton Mutual Fund suspends subscription of units in its retirement fund
Franklin Templeton Mutual Fund has suspended fresh investments in Franklin India Retirement Fund from May 20, following Sebis move to discontinue solution-oriented mutual fund schemes. The temporary halt covers lump sum investments, SIPs, STPs and switches, while the industry transitions towards new life cycle fund structures with dynamic asset allocation strategies.
RBI intervened to shore up rupee, traders say
The rupee jumped following the intervention, rising to a peak of 95.99 per US dollar, up from its intra-day low of 96.30 hit in early trading
Govt to off load up to 8% in Central Bank; bid for non-retail begins today
Stock falls over 5% after OFS announcement at discount to market price; Government may raise over 2,244 crore at floor price of 31 per share
Amid global uncertainty, Sundaram Mutual Fund's Anand Radhakrishnan advises investors to stay disciplined. First-time investors should begin with balanced funds and short-duration debt. Gradually increase equity exposure and rebalance portfolios periodically. Avoid emotional decisions and maintain diversification across asset classes and geographies. Crude oil prices are a key variable to watch over the next six to twelve months.
Best corporate bond mutual funds to invest in May 2026
Investors can consider corporate bond funds for near-term and three-year goals. These funds invest in high-rated company papers, offering relative safety. Safety and interest rates are key factors. HDFC Corporate Bond Fund, Aditya Birla Sun Life Corporate Bond Fund, ICICI Prudential Corporate Bond Fund, and Sundaram Corporate Bond Fund are recommended for May 2026. Continue existing investments in these schemes.
Q4 Results Today Live Updates: Stay tuned to Businessline for the latest live updates on Q4 earnings.
The herd is running. Here's why smart investors are standing still
30% to 65% salary jumps are real, but only for people who do this one thing
Fino Payments Bank CEO Rishi Gupta seeks early retirement
To ensure leadership continuity, the company extended Ketan Merchants term as interim MD and CEO for up to three months from May 27, subject to RBI approval
A Delhi woman's Rs 20 lakh life insurance claim, denied due to alleged non-disclosure of diabetes and kidney diseases, was upheld by the State Consumer Commission. The insurer failed to provide sufficient proof of deliberate concealment, leading to a ruling in favor of the policyholder.
Multi-asset funds reward tactical bets amid volatile market
Multi-asset allocation funds, once seen as a guaranteed win, showed a wide performance range last year, from 3.3% to 24.6%. Investors flocked to these funds as volatile markets made asset allocation challenging, with top performers favoring gold and silver. Future success will depend on fund managers' tactical asset allocation and selective equity positioning.
Panagariya urges RBI to ignore 100/$ psychological barrier, let rupee adjust naturally
He also cautioned against costly foreign borrowing and NRI deposit schemes to boost reserves.
LIC Q4 net up 23% on higher premium income, declares 1:1 bonus
Insurance behemoth to pay pre-bonus dividend of 10 per share
Reserve Bank rate hikes to start in June: Standard Chartered
Rising global yields and rate hikes from other Asian central banks could also lead to higher policy rates, StanCharts India economists Anubhuti Sahay and Saurav Anand said in a note
Are you ready for your retirement? 76% Indians are not ready; check other details of survey
A survey by 1 Finance Magazine reveals a significant gap in retirement preparedness among Indians aged 40-60. Nearly 76% lack detailed plans, yet 61.4% feel confident about retiring comfortably. Most rely on fixed deposits and mutual funds, with a median retirement corpus of Rs 28 lakh against a target of Rs 1 crore, highlighting a substantial shortfall.
Low-risk investors can earn a fixed monthly income of Rs 9,250 from a Rs 15 lakh deposit in a joint Post Office Monthly Income Scheme (POMIS) account. This government-backed scheme offers an annual interest rate of 7.4% for a 5-year tenure. While interest is taxable as per income slab, no TDS is deducted by the post office.
New labour codes from the Central Government introduce a mandatory 2% annual salary increment for regular contractual workers. This rule applies to employees of contractors working for central government establishments like railways and banks. The provision is mandatory, even if companies do not wish to offer increments. This rule does not extend to employees directly on a company's payroll.
Understand loan eligibility before applying for a loan for doctors
Medical professionals can secure loans for practice expansion by understanding lender criteria. Key factors include qualifications, credit score, age, practice stability, and income. Checking eligibility beforehand improves approval chances and saves time. Organizing financial records and reducing debt strengthen applications. Bajaj Finance offers doctor loans with high amounts, flexible tenures, and quick disbursal, supporting practice growth.
PFRDA sets up panel to look at induction of more asset classes for better returns
The total number of subscribers under NPS at the end of FY26 stood at 2.17 crore, with a total corpus of 15.95 lakh crore
From Rs 50,000 salary to Rs 5 crore retirement corpus: How long it may take to build wealth
Building a Rs 5 crore retirement corpus on a Rs 50,000 salary is achievable with disciplined investing, time and strategy. Investing 30% of your salary monthly via SIP may take 31 years, but a 7% annual step-up can cut it to 2526 years. Experts say higher savings, better returns and periodic reviews accelerate wealth creation, while asset allocation and risk appetite play a crucial role in long-term success.
UIDAI extends free Aadhaar update deadline till June 14, 2027: Check how to update documents online
India's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contributions still dominate, private sector growth is steady. In an interview with Sriram Iyer, MD & CEO of HDFC Pension, he spoke about the growing role of NPS in retirement planning, NPS performance and more.
Top 5 India-focused offshore equity funds and ETFs with highest 1-year returns. Check details
India-focused offshore funds and ETFs underperformed the MSCI India USD Index over one year, though Aryabhata India Fund emerged as the top performer with the smallest decline among peers.
4 SIFs and mutual fund NFOs open for subscription now. Check details
Indian mutual fund assets under management have surged. Equity funds saw a significant rise in assets and investor numbers. Flexicap funds led net sales, attracting substantial inflows. SIP flows doubled in under three years, reaching new highs. The industry's AUM grew substantially over the past decade, indicating strong investor confidence and growing participation in mutual funds.
Banks cannot disable mobile phones of defaulting borrowers: RBI proposal
A bank will, however, be allowed to restrict or disable functionalities of a defaulting borrowers mobile device, provided the device is financed by the lender
Gold prices saw an uptick on May 21, 2026, influenced by US-Iran tensions, inflation concerns, and increased rate-hike expectations. Major jewelry brands reported higher rates for 24k, 22k, 20k, 18k, and 14k gold.
SBI bank holidays May 2026: SBI branches may be closed for up to six days from May 23, 2026, due to a weekend, a proposed two-day staff strike, and the Bakrid holiday.
If the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of a borrower, it shall ensure adopting a graduated approach rather than disabling the device, ab initio; it cant disable essential services like internet access, incoming calls, emergency SOS, and receipt of emergency Government or public-safety notifications.
Solfin raises 280 crore, turns profitable in first year of operations
The fresh capital will be directed towards AI-driven credit underwriting, portfolio monitoring, geographic expansion into underpenetrated states and new green-financing products
These 5 smallcap mutual funds deliver over 20% annualised return in 3 years. Check toppers
The ET Alpha Summit gathers top market minds to decode global risks, AI disruption, and investment opportunities, offering investors a clear roadmap for smarter, future-ready wealth decisions.
Will EPS-95 pensioners get 7,500 monthly pension from May 2026? Check EPFOs statement
Taiwan-focused mutual funds soar 200% in a year. Experts warn against FOMO investing
Mutual fund investors are exploring international and thematic schemes, with some delivering up to 200% returns. Technology and semiconductor funds, especially those with Taiwan exposure, have seen significant gains. Experts suggest starting global diversification with broader US funds. While past performance is strong, future returns may vary.
Tata AIA launches dividend-focused pension fund with NFO window open till May 27
The fund tracks the BSE 500 Dividend Leaders 50 Index and invests in 50 companies with a track record of regular dividend payouts
Physical gold vs gold ETF vs EGR: Which gold investment option are Indians choosing most?
Stay fit, pay less: Over 2 lakh Aditya Birla Health customers earned premium refunds in FY26
Nearly 2.03 lakh customers earned between 6-100% of their premiums back in FY26, accounting for nearly 11% of eligible customers, says Mayank Bathwal, CEO, Aditya Birla Health Insurance
Rupee shock may slow India: Kearney sees 1-1.5 percentage point West Asia hit on GDP
Despite West Asia crisis potential hit on Even as West Asia crisis could shave 11.5 percentage points off Indias GDP growth over the next 6-9 months, global consulting firm Kearney dismissed fears of rupee breaching the 100-per-dollar mark and slide to 130140. Speaking to businessline during Kearneys 100 Years of Impact celebrations, the firms top global leadership said Indias next growth cycle driven by investments in green energy, electronics manufacturing, data centres and infrastructurewill provide a powerful buffer against geopolitical shocks, commodity inflation and supply-chain disruptions.
Bengaluru property owners face a new hurdle. The city's e-Khata portal does not allow new Khata creation for revenue land acquired through partition deeds. This blocks genuine owners from official property records. Experts suggest adding a fresh Khata creation option and improving document uploads. This reform aims to include all property owners in the formal system.
RBI revives aggressive pre-market intervention to arrest rupees slide
RBIs pre-open intervention mirrored past episodes where it has acted aggressively to break a negative feedback loop of persistent depreciation and mounting pressure on the rupee
India bonds reverse gains as report RBI mulling rate hike outweighs external support
The benchmark 6.48% 2035 bond yield was at 7.1225%, as of 10:15 a.m. IST, rocketing back up from a low of 7.0194% hit earlier, and against its previous close of 7.0761%
A wife who stabbed and killed her husband during a sudden argument has been spared jail time. The Telangana High Court ruled the act was committed on the 'spur of the moment'. She will pay a Rs 500 fine instead of a four-year prison sentence. The court invoked an exception to murder charges, acknowledging the impulsive nature of the crime.
Large cap funds have lagged mid and small caps across various time horizons, showing muted or negative returns in shorter periods. Experts suggest increasing allocation to large caps for stability and better risk-reward due to attractive valuations, especially for first-time investors and through SIPs.
Your employer may soon pay your SIP from salary: Sebi's new mutual fund proposal explained
Your employer might soon invest in mutual funds directly from your salary. Sebi is considering a new proposal to allow this. Employees can choose their funds, and employers will deduct the amount from salaries. This aims to simplify investing and increase participation. Redemption proceeds will still go to the employee's account.
Best banking & PSU mutual funds to invest in May 2026
Banking & PSU debt funds offer a relatively safe investment option for a few years, investing primarily in government-backed entities. These schemes gained popularity after past debt market turmoil. While risks like private bank exposure and interest rate changes exist, they are considered minimal for short-term investors.
