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Husband hides real age on matrimony site, claims to be 37 instead of 44, leading to incorrect horoscope match; HC grants wife divorce for this reason

The Telangana High Court gave relief to a wife by granting her divorce after it was found that her husband had misrepresented his age which resulted in her parents incorrectly matching their horoscope. The high court observed that due to this false fact about his date of birth and also the horoscope matching, she mistakenly believed that both of them were compatible with each other.

The Economic Times 20 Jun 2026 8:00 am

FD rate up to 8.05% for senior citizens investing for five years; Know list of banks

Senior citizens can now secure fixed deposit rates as high as 8.05% for a five-year term with select small finance banks. While these attractive rates are available, investors should be aware of the DICGC insurance limit of Rs 5 lakh. The article also clarifies TDS rules on FD interest, explaining how senior citizens can avoid deductions by submitting Form 15H if their total income falls below taxable limits.

The Economic Times 20 Jun 2026 7:11 am

Tenant wins tax relief on Rs 38.62 lakh sale of landlords property, received for surrendering tenancy rights; know why ITAT Mumbai ruled in his favour

A Mumbai tenant received tax relief after selling a property he obtained for surrendering his tenancy rights. The Income Tax Appellate Tribunal ruled that the fair market value of the surrendered tenancy rights should be considered the cost of acquisition, not nil. This decision significantly reduced the tenant's capital gains tax liability on the Rs 38.62 lakh sale, recognizing the economic value of his original rights.

The Economic Times 20 Jun 2026 7:11 am

Saturday bank holiday: Are banks open or closed today on June 20, 2026?

Bank holiday: Indian banks operate on a mixed schedule, with closures on Sundays and the second/fourth Saturdays. While many services are digital, certain transactions like account opening, signature updates, and large cash movements still necessitate a branch visit.

The Economic Times 20 Jun 2026 7:00 am

NRI credit cards: Rewards and lounge access arent everything, what more NRIs should know before getting an Indian credit card

For Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL score for future borrowing and simplifying rupee-denominated expenses. While unsecured cards are increasingly available, understanding forex charges, repayment mechanisms, and FEMA compliance is vital before applying.

The Economic Times 20 Jun 2026 6:30 am

RBI exempts banks from maintaining statutory reserve ratios on fresh NRE term deposits

Banks to offer higher interest rates on deposits as they will be able to deploy the full deposit proceeds as loans

The Hindu Businessline 19 Jun 2026 8:44 pm

Zerodha Capital loan book jumps past 580 crore as profit rises

Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore

The Hindu Businessline 19 Jun 2026 8:17 pm

Home loan insurance: Protecting the dream home without paying more than you need to

Home loan insurance is emerging as an important financial safeguard for Indian homebuyers, helping families manage outstanding loan liabilities in unforeseen circumstances. With rising homeownership and larger loan sizes, more borrowers are actively seeking protection solutions that offer both affordability and flexibility. The article explores the benefits of home loan insurance, evolving consumer preferences, and the growing importance of transparency and choice. It also highlights recent regulatory measures aimed at strengthening consumer rights and preventing mis-selling.

The Economic Times 19 Jun 2026 7:10 pm

The Latest Home Loan Interest Rates: Jun 19, 2026

The Latest Home Loan Interest Rates: Jun 19, 2026

The Hindu Businessline 19 Jun 2026 7:00 pm

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

The Hindu Businessline 19 Jun 2026 7:00 pm

EPFO: When can you get 8.25% EPF interest amount in your provident fund account?

EPF subscribers can expect their 8.25% interest for FY2025-26 to be credited this month, as the government has officially ratified the rate. This annual interest is calculated on a monthly running balance, ensuring no loss for members even with delayed crediting. Subscribers can easily check their updated balances through the EPFO portal or the Umang app.

The Economic Times 19 Jun 2026 6:17 pm

Gold and silver prices have fallen up to 12% this month; is it time to buy?

Gold and silver prices have dropped sharply this month as easing Iran-US tensions dampened safe-haven demand. Experts advise existing investors to avoid panic selling, as the long-term outlook remains positive. New investors can use the correction to invest gradually through SIPs in ETFs, while maintaining a 10-15% portfolio allocation to precious metals.

The Economic Times 19 Jun 2026 5:10 pm

Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in HDFC Bank, RIL and 29 others in May

Sunil Singhania-backed Abakkus Flexi Cap Fund significantly increased its holdings in HDFC Bank and Reliance Industries during May. The fund also added substantial stakes in Edelweiss Financial Services, The Federal Bank, Tata Steel, and Urban Company, among 29 other stocks. No stocks were reduced or exited, maintaining a portfolio of 49 scrips across 23 sectors.

The Economic Times 19 Jun 2026 3:44 pm

ICICI Prudential and SBI Mutual Fund among 4 AMCs to receive over Rs 10,000 crore inflows from top30 cities in May

Four mutual fund houses, Axis, ICICI Prudential, SBI, and Nippon India, attracted over Rs 10,000 crore each from T30 cities in May, boosting monthly AAUM and highlighting strong investor participation.

The Economic Times 19 Jun 2026 2:28 pm

Mirae Asset Mutual Fund: RIL, Infosys and SBI among top 10 stock holdings in May

Mirae Asset Mutual Funds May 2026 portfolio shows HDFC Bank, ICICI Bank, RIL, SBI and Infosys among its top holdings. While allocations remained largely stable, select stocks saw marginal changes in weight. The fund house managed Rs 2.31 lakh crore in assets across 96 schemes during the month.

The Economic Times 19 Jun 2026 2:23 pm

Wealth wisdom of the day: It takes great deal of boldness and caution to make a great fortune; and when you have got it... Nathan Mayer Rothschilds famous quote hides a big learning

While individuals take numerous steps to multiply their wealth to build a notable fortune, little do they plan for what to do next. For someone who has become rich, it would be hard to resist the demands because of the simple reasonthey can now afford things.

The Economic Times 19 Jun 2026 2:12 pm

22k gold rate today: Check 24k, 22k, 18k gold prices (June 19, 2026) at Tanishq, Joyalukkas, Kalyan Jewellers, Malabar Gold & Diamonds and IBJA

Gold rate today: Gold prices are down today across India. This follows a drop in domestic bullion rates. Consumers planning to buy gold jewellery will find lower prices. Experts suggest gold may target further support zones.

The Economic Times 19 Jun 2026 1:10 pm

NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment

NRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, NRIs can leverage Double Taxation Avoidance Agreements (DTAAs) to potentially lower their tax burden or claim credits in their country of residence, avoiding double taxation.

The Economic Times 19 Jun 2026 12:43 pm

HDFC Mutual Fund: RIL, Tata Motors and TCS among stocks bought and sold in May

HDFC Mutual Fund increased exposure to Tata Motors, HDFC Bank and Eternal while trimming holdings in Infosys, ITC and Adani Ports, with Garware Technical Fibres emerging as its sole new portfolio addition in May.

The Economic Times 19 Jun 2026 12:31 pm

ITR-3 release date: Who should file this income tax return form as I-T Department enables online filing, Excel utilities for it

The Income Tax Department has launched online filing and Excel utility for Income Tax Return-3 for Assessment Year 2026-27. This form is for individuals and HUFs with business or professional income. Taxpayers not eligible for simpler forms must use ITR-3. The due date for salaried individuals is July 31, 2026.

The Economic Times 19 Jun 2026 11:50 am

Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full relief

When Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment and thus he filed his income tax return (ITR) on October 29, 2021. In his ITR he declared a total income of Rs 31.62 lakh after claiming tax exemption for the entire amount of leave encashment under Section 10(10AA)(ii).

The Economic Times 19 Jun 2026 10:27 am

NFO Alert: Zerodha Fund House launches 2 target-date Life Cycle funds

Zerodha Fund House has launched Indias first target-date Life Cycle Fund series, offering two schemes: 2036 and 2041 maturities. The NFO is open till July 7, with continuous subscription to follow. Built on a rule-based approach, the funds dynamically adjust asset allocation over time and aim to serve investors across different life stages and long-term goals.

The Economic Times 19 Jun 2026 10:26 am

Short-bond rally faces risks from cash drain, analysts say

DBS Bank Ltd. expects the central bank to deploy a stronger tool in August by requiring banks to keep a larger proportion of deposits with the RBI

The Hindu Businessline 19 Jun 2026 9:58 am

MF Tracker: Nippon India Small Cap Fund tops all equity funds over 10 years. Is it too late to invest?

Nippon India Small Cap Fund has topped all equity funds over a decade, delivering a 20.94% CAGR. Despite recent underperformance, its long-term stock-picking prowess and diversification have driven superior risk-adjusted returns. Experts advise caution on lump-sum investments due to elevated valuations, favoring SIPs for long-term wealth compounding.

The Economic Times 19 Jun 2026 9:40 am

Steering wheel malfunction in new car leads to accident during family trip; owner fights and wins Rs 18.23 lakh refund, Rs 4 lakh compensation in consumer forum

A car buyer has won a significant victory after a nearly three-year legal battle. His seven-month-old MG CVT automatic car experienced Electronic Steering Column Lock failure, leading to a jammed steering wheel and an accident. The North Delhi Consumer Commission has ordered MG Motors to refund the car's purchase price of Rs 18.

The Economic Times 19 Jun 2026 7:11 am

Tokenised gold: A new way to invest in gold or a risky bet? What Indian investors need to know before investing

Tokenised gold is emerging as a new investment option in India. It uses blockchain to represent physical gold digitally. Investors can trade tokens easily, even in small amounts. However, this new product lacks regulation and faces high taxes. Experts advise caution and suggest it as an experimental investment.

The Economic Times 19 Jun 2026 6:30 am

RBL Banks board reconstituted following Emirates NBD Bank taking majority stake

This will enable RBL Bank to be positioned as a leading large bank, going ahead

The Hindu Businessline 18 Jun 2026 9:08 pm

SBI sets out digital, green growth path; Govt earns 8,800 crore dividend

SBI outlines a digital, sustainable growth strategy, pays an 8,800 crore dividend for the government amid strong profitability

The Hindu Businessline 18 Jun 2026 8:50 pm

RBIs balance sheet expands even as global peers contract

Data from central bank reports show a widening contrast between emerging and developed economies

The Hindu Businessline 18 Jun 2026 8:25 pm

SBI Board approves 60,000 crore fundraising plan for FY27

SBI has been actively tapping the bond market in recent months as part of its capital planning

The Hindu Businessline 18 Jun 2026 7:52 pm

Sify Infinit Spaces secures sustainability-linked loan of $70 million from IFC

IFC will also work with SISL to mobilizse up to $300 million to support the companys growth and expansion in India

The Hindu Businessline 18 Jun 2026 7:48 pm

Mistrys tenure as HDFC Banks interim Part-time Chairman extended by 3 months

Mistry was brought in as Atanu Chakraborty tendered his resignation as the PT Chairman and Independent Director of HDFC Bank on March 17, 2026.

The Hindu Businessline 18 Jun 2026 7:27 pm

Muthoot Fincorp launches NCD issue

The company stated that net proceeds from the issue will be used for lending, financing, repaying existing borrowings, and general corporate purposes

The Hindu Businessline 18 Jun 2026 6:57 pm

IIFL Capital Services launches next-gen algorithmic trading platform

The platform offers access to more than 100 ready-made algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base

The Hindu Businessline 18 Jun 2026 6:18 pm

PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers

The Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo audits. This directive, effective from April 1, 2026, to March 31, 2027, ensures compliance with NPS rules, KYC norms, and proper handling of subscriber funds.

The Economic Times 18 Jun 2026 6:07 pm

EPFO: Has Employees' Provident Fund Organisation changed 8.25% EPF interest rate for FY25-26

EPF interest rate: The government has approved an 8.25% interest rate for Employees Provident Fund deposits for the fiscal year 2025-26. This rate remains unchanged for the third consecutive year. Over seven crore members are expected to receive this credit soon. Members can check their EPF balance through the Umang app, EPF member e-sewa portal, missed calls, or SMS.

The Economic Times 18 Jun 2026 4:49 pm

Emirates NBD completes acquisition of majority stake in RBL Bank with $2.75 billion investment

The transaction, which was announced on October 18 last year, was completed after receiving all regulatory approvals and fulfilment of closing conditions

The Hindu Businessline 18 Jun 2026 4:08 pm

Quant Mid Cap Fund: Adani Energy and Paytm among stocks bought and sold in May

Quant Mid Cap Funds AUM rose to Rs 8,109 crore in May. The fund added Adani Energy, Indus Towers, Lenskart Solutions, Persistent Systems and Torrent Pharmaceuticals, exited select holdings, raised exposure to Nippon Life India Asset Management and adjusted sector allocations across telecom, power and financial services.

The Economic Times 18 Jun 2026 3:03 pm

Equitas SFB hikes USD FCNR (B) deposit rate to 7.13% pa for select tenure

The interest rate increase follows Reserve Bank of Indias special FCNR (B) swap facility, aimed at encouraging higher NRI fund inflows into India

The Hindu Businessline 18 Jun 2026 2:57 pm

Mutual funds added these 4 new stocks to their portfolios in May. Check details

Mutual funds introduced four new stocks into their portfolios in May, according to Prime Database disclosures. Afcom Holdings saw the highest inflows, followed by Q-Line Biotech, Ratnaveer Precision Engineering and Paramount Communications. These additions reflect ongoing portfolio reshuffling by fund houses to capture emerging opportunities across segments.

The Economic Times 18 Jun 2026 1:52 pm

Gold rate today (June 18, 2026): Check 24k, 22k and 18k gold jewellery prices from Joyalukkas, Malabar Gold and Diamonds, Tanishq & IBJA in Delhi, Mumbai, Hyderabad & other cities

Gold prices remained largely steady across major Indian cities on June 18, 2026, with 22k gold jewelry priced at Rs 13,895 per gram at Tanishq and Rs 13,850 per gram at other leading brands. The India Bullion and Jewellers Association (IBJA) reported a marginal decline in gold rates and a fall in silver prices compared to the previous day.

The Economic Times 18 Jun 2026 1:48 pm

Paying rent but not receiving HRA? Heres how non-salaried individuals can claim tax deduction

Self-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Section 80GG of the Income Tax Act. This deduction, capped at Rs 60,000 annually, is available only under the old tax regime and requires filing Form 10BA. HRA exemption and Section 80GG are mutually exclusive.

The Economic Times 18 Jun 2026 1:30 pm

Tax-free income in India: 8 types of income you dont need to pay any tax on

Tax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provident fund withdrawals to gifts from relatives and insurance payouts, understand how to keep more of your money.

The Economic Times 18 Jun 2026 12:54 pm

5 midcap mutual funds deliver over 20% return in 3 years. Are there any included in your portfolio?

Five midcap mutual funds have delivered over 20% annualised returns in the past three years, led by HSBC Midcap Fund. ICICI Prudential, Invesco India, WhiteOak Capital, and Nippon India Growth also featured among top performers, reflecting strong midcap segment momentum and consistent investor interest in higher-growth equity funds.

The Economic Times 18 Jun 2026 12:35 pm

Customer wins Rs 15,000 compensation after restaurant collects Rs 151 service charge as staff contribution; Consumer Commission order

A man has won Rs 15,000 compensation after a Jalandhar restaurant charged him Rs 151.53 as service charge. The Consumer Commission ruled the charge was an unfair trade practice. The restaurant claimed it was staff contribution but bills showed service charge. The commission found no proof of consent for the mandatory levy.

The Economic Times 18 Jun 2026 12:32 pm

Mutual funds cut PSU bank exposure to 8-month low in May. Warning sign or buying opportunity?

Mutual funds have cut their stake in PSU banks to an eight-month low. This move has led to discussions about whether it signals caution or presents a buying chance. Experts suggest focusing on company fundamentals and valuations rather than solely on institutional shifts. The sector has seen strong performance, prompting some profit booking and portfolio rebalancing by fund managers.

The Economic Times 18 Jun 2026 11:46 am

Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation each

The case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noida. They were promised the possession of the flats in two years by 2012. However, following alleged disputes over land, the society shifted the project to Ghaziabad.

The Economic Times 18 Jun 2026 11:00 am

TDS Challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; Heres how to do it

Taxpayers must correct TDS challans for Tax Year 2026-27 on the old TRACES portal. This is crucial if the challan was mistakenly filed under FY 2025-26. Failure to correct will prevent TDS credit for Tax Year 2026-27, increasing tax liability. The new TRACES portal does not yet support this correction. Timely correction ensures proper tax credit and avoids disputes.

The Economic Times 18 Jun 2026 10:50 am

Best conservative hybrid mutual funds to invest in June 2026

Mutual fund advisors are predicting 2026 as the year for hybrid funds, especially for new investors navigating economic uncertainties. Conservative hybrid funds, with a majority allocation to debt and a smaller portion to equity, offer a cautious entry point. These funds aim to provide slightly enhanced returns through a limited equity exposure.

The Economic Times 18 Jun 2026 9:19 am

Income Tax department labels her stock market trader, denies investor status; she fights and wins Rs 54 crore capital loss claim at ITAT

Dolly Khanna successfully challenged the tax department's classification of her Rs 54 crore short-term capital loss as a business loss. The ITAT Chennai ruled she is an investor, not a trader, allowing the loss to be treated as a capital loss. This decision was supported by a 2016 CBDT circular and her consistent investment history.

The Economic Times 18 Jun 2026 7:11 am

8th Pay Commission arrear calculator: Can top central government employees get up to Rs 93 lakh in arrears?

8th Pay Commission arrear: Central government employees await the 8th Pay Commission's recommendations, with meetings underway. Arrears for top-level employees (Level 15-18) could range from 36.44 lakh to over 93 lakh for a 20-month delay, depending on the fitment factor. These figures are estimates until the official report is implemented.

The Economic Times 18 Jun 2026 7:00 am

Attracting NRI inflows: RBI temporarily withdraws interest rate ceiling on fresh FCNR(B) deposits of 3-5 yr tenor

Removes the restriction on interest rates on NRE deposits of 3 year and above tenors.

The Hindu Businessline 17 Jun 2026 9:47 pm

RBI conducts two VRR auctions to address liquidity tightness in banking system

The VRR auctions infused liquidity amounting to 72,300 crore in the banking system at a weighted average rate of 5.26%

The Hindu Businessline 17 Jun 2026 9:27 pm

Microfinance sector sees 17% contraction in portfolio in FY26: SIDBI-Equifax report

The POS of the microfinance sector declined to 2,77,053 crore as at March-end 2026 from 3,35,060 crore as at March-end 2025 and 3,77,706 crore as at March-end 2024

The Hindu Businessline 17 Jun 2026 9:17 pm

InCred Money gets Sebi in-principle nod for mutual fund licence, plans launch in 6-9 months

InCred Money has secured Sebi's in-principle approval for a mutual fund licence, marking a key step toward launching its asset management business. The company plans to build a digital-first AMC and expects to go live after completing regulatory and operational requirements.

The Economic Times 17 Jun 2026 9:06 pm

Axis Bank witnesses high double-digit decline in frauds, backed by AI-led intelligence system

The bank witnessed around 40 per cent reduction in fraud incidents in last financial year compared to previous financial year

The Hindu Businessline 17 Jun 2026 8:16 pm

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs

The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.

The Economic Times 17 Jun 2026 6:37 pm

ITR filing due dates for AY 2026-27: July 31 is not the deadline for every taxpayer; check 5 other tax filing due dates

The Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their Income Tax Returns (ITR) for AY 2026-27. However, different due dates apply based on income sources and audit requirements, with some non-audit businesses and professionals now having until August 31, 2026.

The Economic Times 17 Jun 2026 5:16 pm

22k gold rate today: Check 24k, 22k, 18k gold prices (June 17, 2026) at Tanishq, Joyalukkas, Kalyan Jewellers, Malabar Gold & Diamonds and IBJA

Gold rate today: Gold prices saw a slight dip across major Indian cities on June 17, 2026, following a decline in domestic bullion rates. Major jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyallukas reported a decrease in 22k gold prices compared to the previous day.

The Economic Times 17 Jun 2026 3:10 pm

Gen Z investors lead in mutual fund portfolio switching during periods of uncertainty: Report

Gen Z investors are more likely to switch mutual fund portfolios during uncertain market conditions compared to older cohorts, a report shows. While younger investors rely heavily on digital platforms and peer influence, older groups prefer advisors and exhibit higher trust and lower switching behaviour across market cycles.

The Economic Times 17 Jun 2026 3:03 pm

9 equity mutual funds cross Rs 70,000 crore AUM; top 3 manage over Rs 1 lakh crore each

Nine equity mutual funds managed over Rs 70,000 crore AUM in May 2026, with Parag Parikh Flexi Cap leading above Rs 1.41 lakh crore. HDFC, SBI, ICICI, Nippon, and Kotak funds also featured prominently.

The Economic Times 17 Jun 2026 2:24 pm

Capitalmind Flexi Cap Fund adds Nestle India and 10 others, exits SBI and 14 others in May

Capitalmind Flexi Cap Fund made significant portfolio adjustments in May. The fund welcomed Nestle India and eleven new stocks. It also divested holdings in State Bank of India and fourteen other companies. Exposure was increased in sixteen stocks, including NMDC and Indus Towers. The fund's portfolio now holds thirty-eight stocks across sixteen sectors. Healthcare and non-ferrous metals are key allocations.

The Economic Times 17 Jun 2026 2:21 pm

PM Kisan 23rd instalment 2026 payment date announced; Check eligibility, beneficiary status and eKYC details

PM Kisan 23rd installment 2026: Farmers across the country are eagerly awaiting the PM Kisan Scheme date 2026 and looking for updates on the next payout under the PM Kisan Scheme.

The Economic Times 17 Jun 2026 1:40 pm

FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIs

Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have launched FCNR(B) schemes with attractive US dollar deposit rates. These schemes, effective from June 2026, offer interest rates up to 6.50% p.a. for tenures of 3 to 5 years, with a one-year lock-in period.

The Economic Times 17 Jun 2026 12:46 pm

Chinas central bank hints at shift to fed-style rate setting

A shorter-term policy anchor may give the PBOC greater precision and flexibility in steering market conditions

The Hindu Businessline 17 Jun 2026 12:46 pm

Quant Mutual Fund among 7 AMCs to receive over Rs 1,500 crore increase in AUM in May

There are now 50 AMCs, of which 40 AMCs saw an increase in their AUMs in May. Here is a detailed breakup

The Economic Times 17 Jun 2026 12:08 pm

The problem with owning 13 mutual funds to reach Rs 4.67 crore goal

An investor's 13-mutual fund portfolio, aiming for Rs 4.67 crore, was deemed over-fragmented and style-overlapping. An expert advised consolidating to 6-7 high-conviction funds, reducing gold/silver allocation, and shifting towards growth-oriented equity strategies for better long-term wealth creation.

The Economic Times 17 Jun 2026 11:29 am

HDFC Bank prices $750 million bond in largest offshore deal by lenders since 2023

The deal is the largest by an Indian lender since the State Bank of India's $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda line up similar overseas debt sales.

The Hindu Businessline 17 Jun 2026 10:36 am

New labour code: 3 employee-friendly changes that could make working life easier

New labour codes and central government rules simplify employee compliance by consolidating 29 fragmented laws into a unified framework. This brings procedural clarity, electronic filings, and a single registration system, enhancing transparency and formalizing employment. Employees benefit from expanded protections, including gratuity for fixed-term workers and dedicated schemes for gig workers.

The Economic Times 17 Jun 2026 10:26 am

New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26

Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contributions to NPS and EPF, a standard deduction of Rs 75,000, and interest on home loans for let-out properties. Exempt perquisites and certain official allowances also offer tax benefits.

The Economic Times 17 Jun 2026 8:05 am

Despite getting Rs 20 lakh alimony in divorce settlement, wife continues criminal cases against husband, in-laws; HC quashes case as abuse of process

A woman received Rs 20 lakh in permanent alimony as part of a divorce settlement. Despite agreeing to withdraw all cases, she continued criminal proceedings against her former husband's parents. The Rajasthan High Court deemed this an abuse of the court process. The court quashed the cases, stating the wife's actions were intended to harass the elderly parents.

The Economic Times 17 Jun 2026 7:11 am

NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDS

NRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE interest is tax-free in India, while NRO interest attracts TDS and taxation. However, DTAA benefits may reduce the tax burden on NRO income and help avoid double taxation.

The Economic Times 17 Jun 2026 7:00 am

8th Pay Commission memorandum deadline: Defence employee body demands new inflation index to calculate 8th CPC DA, DR, revised pay

The All India Defence Employees Federation (AIDEF) has urged the 8th Pay Commission to replace the AICPI-IW-based inflation measure with a dedicated cost-of-living index for central government employees and pensioners. It argues the revised CPI underestimates rising expenses on food, healthcare, housing and education, leading to inadequate DA, DR, pay revisions and pension protection.

The Economic Times 17 Jun 2026 7:00 am