facebook
SENSEX
NIFTY
GOLD
USD/INR

Weather

image 37    C

Personal Finance

...

NFO Update: Baroda BNP Paribas Mutual Fund launches a services fund

Baroda BNP Paribas Mutual Fund has launched the Baroda BNP Paribas Services Fund, an open-ended thematic equity scheme that aims to capitalise on India's fast-growing services economy. The NFO is open until July 28.

The Economic Times 14 Jul 2026 3:31 pm

Godrej Finance to build 6,000 cr supply chain finance portfolio over the next 5 years

The new business will provide working capital finance -- through Dealer Financing, Vendor Financing, Purchase Invoice Financing and Sales Invoice Financing -- to support anchor corporates, dealers, vendors and suppliers

The Hindu Businessline 14 Jul 2026 3:06 pm

NFO Alert: The Wealth Company Mutual Fund announces launch of midcap fund

The Wealth Company Mutual Fund has launched a new midcap equity scheme. This open-ended fund will invest predominantly in midcap stocks. The new fund offer opens for subscription on July fifteenth and closes on July 29. It aims to provide access to established businesses with growth potential. The fund seeks long-term capital appreciation for investors.

The Economic Times 14 Jul 2026 3:03 pm

Parag Parikh Flexi Cap Fund among 10 equity funds that received over Rs 1,900 crore inflows in June

HDFC Flexi Cap Fund, Nippon India Small Cap Fund and Parag Parikh Flexi Cap Fund were among the 10 equity mutual funds that attracted over Rs 1,900 crore each in net inflows during June, highlighting sustained investor appetite.

The Economic Times 14 Jul 2026 2:39 pm

SBI Mutual Fund: SBI, RIL, and Infosys among top 10 stock holdings in June

SBI Mutual Fund remained India's largest asset manager with Rs 12.94 lakh crore in AUM as of June 2026. HDFC Bank, ICICI Bank and Reliance Industries were its top holdings, while the fund house increased exposure to HDFC Bank, ICICI Bank and Bajaj Finance.

The Economic Times 14 Jul 2026 2:16 pm

Government, LIC evaluate revised bids for IDBI Bank stake sale

The strategic disinvestment, valued at around $5.7 billion, is expected to conclude within a month, subject to regulatory and procedural clearances

The Hindu Businessline 14 Jul 2026 1:26 pm

Only 1 international mutual fund remains open for fresh SIPs and lumpsum investments

Starting a new SIP in international mutual funds has become difficult, with Baroda BNP Paribas Aqua FoF now the only scheme accepting fresh registrations after 11 funds halted new SIPs. The restrictions stem from SEBIs overseas investment limits, which have constrained fund houses ability to accept fresh inflows. Existing SIPs continue as per original mandates, offering limited options for global diversification.

The Economic Times 14 Jul 2026 1:15 pm

8th Pay Commission HRA calculator: Can HRA go up to Rs 1,93,000/month? HRA estimates for Level 13-18 employees at 2.0, 2.1, 2.28, 2.57 fitment factors

8th pay commission calculator: The 8th Pay Commission has concluded its Kolkata meetings and extended the employee data submission deadline. Central government employees anticipate salary and allowance increments as the commission prepares its recommendations. House Rent Allowance is a key component which is expected to be revised significantly. Senior government officials at Level 14-18 may see substantial HRA increases based on fitment factors.

The Economic Times 14 Jul 2026 12:46 pm

Gold rate today (July 14, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Joyalukkas, Kalyan Jewellers, Malabar Gold & Diamonds, Tanishq & IBJA in Delhi, Mumbai, Hyderabad, other cities

Gold prices saw a slight decrease on July 14, 2026, across major Indian cities. Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reported marginally lower 22k gold rates.

The Economic Times 14 Jul 2026 12:28 pm

I want Rs 1 lakh/month from my Rs 1.15 crore PF and gratuity corpus; how should I invest?

ET Wealth Reader's Query: I will retire in four years. I have Rs 95 lakh in Provident Fund savings and expect Rs 20 lakh as gratuity. I have no liabilities. How to invest this corpus to get a monthly income of Rs 1 lakh?

The Economic Times 14 Jul 2026 12:18 pm

Ignoring objection notice for property mutation proves costly: SC rejects relatives' bid to revoke probate of aunt's Will that made nephew sole beneficiary

Nephew got aunt's properties via Will, obtained probate and applied for mutation; Relatives ignored the mutation objection notice but years later challenged the probate; SC rejects relatives' case on this ground. Keep reading to know why SC rejects relatives' bid to revoke probate of aunt's Will under which nephew claimed the properties.

The Economic Times 14 Jul 2026 11:51 am

Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT Bangalore

Landowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins case in ITAT Bangalore. Read the article to know the landowner won the tax case in ITAT Bangalore.

The Economic Times 14 Jul 2026 11:29 am

198% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.98 lakh; check details

The Reserve Bank of India has set the premature redemption price for SGB 2020-21 Series-IV. Investors can redeem these bonds prematurely from July 14, 2026, after five years. The redemption value is based on the average gold price over three preceding working days.

The Economic Times 14 Jul 2026 11:14 am

ITR 2026: Increased disclosure requirements for overseas investments and foreign assetsare Indian taxpayers ready?

Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate reporting of overseas income. Schedule FA in ITR requires detailed reporting of foreign assets held. Non-compliance can lead to significant penalties and scrutiny from tax authorities. Accurate reporting ensures transparency and reduces potential tax disputes.

The Economic Times 14 Jul 2026 10:59 am

Debt mutual funds see over Rs 1 lakh crore outflows in June. Is the outflow trend likely to continue?

Debt mutual funds saw Rs 1.09 lakh crore in June outflows, driven largely by seasonal corporate treasury and advance tax-related redemptions, not weakening investor sentiment.

The Economic Times 14 Jul 2026 10:02 am

MF Tracker: Quant Small Cap Fund outshines peers in 7 years with over 30% CAGR. Is the rally sustainable?

Quant Small Cap Fund achieved over 30% CAGR in seven years. This fund outperformed its benchmark and category averages consistently. Experts attribute its success to active management and timely sector shifts. Investors should align SIPs with long-term goals and asset allocation. Moderate SIPs are advised given current smallcap valuations.

The Economic Times 14 Jul 2026 9:57 am

Best focused mutual funds to invest in July 2026

Focused equity mutual funds invest in a maximum of thirty stocks for potentially higher returns. These concentrated portfolios require careful stock selection by fund managers. Investors should be prepared for increased risk and a longer investment horizon. SBI Focused Fund and Sundaram Focused Fund are among the recommended schemes. Investors can track these funds for potential future performance.

The Economic Times 14 Jul 2026 9:35 am

Q1 Results Today Live: LTTS, Tata Elxsi, Jindal Saw, SG FINSERVE, Anand Rathi Share, Den Networks to announce Q1 results, Bajaj Consumer Care, HCL Tech, ICICI Pru AMC shares in focus

Q1 Results Today, 14th July 2026 Live Updates: Follow latest Q1 updates from businessline here

The Hindu Businessline 14 Jul 2026 9:25 am

What happens if you miss July 31, 2026, ITR filing deadline? Why you should not miss this due date

The belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and incurring penalties. Late filing fees of up to Rs 5,000 will apply to delayed submissions. Failure to file can impact loan and visa applications significantly. Filing before the deadline ensures tax compliance and avoids additional costs.

The Economic Times 14 Jul 2026 8:33 am

The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)

As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deduction under Section 80CCD(2) unless the employer's NPS contribution is first included in salary. This article explains why the ITR utility is designed to work this way by examining the relevant provisions of the Income-Tax Act, 1961 and dispelling some common misconceptions.

The Economic Times 14 Jul 2026 7:52 am

Son denies share of ancestral property to 6 half sisters; Andhra Pradesh HC give relief to the sisters and orders property partition

Six half-sisters have won their rightful share in ancestral properties. The Andhra Pradesh High Court rejected their half-brother's claims to exclude them. Their father had fraudulently obtained a relinquishment deed from their grandfather. The court ruled that the father could only relinquish his own share. This judgment confirms the daughters' entitlement to their father's property.

The Economic Times 14 Jul 2026 7:27 am

Will filing your ITR early get you a faster income tax refund? Here's what really determines the processing time

Filing income tax returns early increases the likelihood but does not guarantee faster refunds. Successful e-verification and matching tax records are crucial for timely refund processing. Pre-validating bank accounts and avoiding complex disclosures expedite the refund process. Mismatched information and unverified returns can significantly delay refund issuance.

The Economic Times 14 Jul 2026 7:00 am

Frontloaded inflows of $8-9 bn at systemic level possible via fresh FCNR(B) deposits: SBI Eco Research

They cited four reasons for the inflows, including entire hedging cost on fresh FCNR(B) deposits (principal) being borne by RBI, providing Banks much respite on cost / spread front

The Hindu Businessline 13 Jul 2026 9:24 pm

Large NBFCs seek to grow gold loans via acquisitions

As of May-end 2026, their gold loan portfolio surged 69.9 per cent year-on-year (y-o-y) against 38.9 per cent y-o-y as of May-end 2025

The Hindu Businessline 13 Jul 2026 9:07 pm

Rupee closes at a four-week low

The Indian currency closed at 95.62 per US dollar against the previous close of 95.33.

The Hindu Businessline 13 Jul 2026 8:48 pm

Internal ombudsmen must provide fair resolution of customer complaints, reduce external escalation: RBI Deputy Governor Swaminathan

Swamiinathan requests IOs to identify recurring issues, undertake root cause analysis and help implement remedial measures

The Hindu Businessline 13 Jul 2026 8:13 pm

EPFO Amnesty 2026 Scheme for PF trusts: Eligibility, benefits, application process and key rules

The Employees' Provident Fund Organisation introduced a six-month Amnesty Scheme in 2026. This initiative allows employers to regularize their private provident fund trusts. Eligible establishments can either join the EPFO framework or continue as exempted trusts.

The Economic Times 13 Jul 2026 5:43 pm

Bought a new apartment but facing structural, workmanship, or quality issues? Builders must repair it within 30 days if... Know your rights under RERA

Builders must repair structural and quality defects within five years of possession. Homebuyers can report issues and expect repairs within thirty days. If builders fail to act, homebuyers can seek compensation under RERA. Evidence like photos and expert reports helps prove defects. This RERA provision ensures builder accountability for project quality.

The Economic Times 13 Jul 2026 5:00 pm

Income tax guide: Allowance and reimbursement exemption limits every salaried employee should know

Salaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self and family travel within India. Children Education Allowance offers exemption up to three thousand rupees per child. Phone bill reimbursements are generally not taxable for employees. Meal card benefits are exempt up to two hundred rupees per meal.

The Economic Times 13 Jul 2026 2:31 pm

Gold rate today (July 13, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from Joyalukkas, Malabar Gold & Diamonds, Tanishq & IBJA in Delhi, Mumbai, Hyderabad, other cities

Gold prices saw a decline across major jewellery brands today. This offers some relief to buyers planning purchases of gold jewellery. Rates varied slightly across leading jewellers like Tanishq and Malabar Gold & Diamonds. The India Bullion and Jewellers Association also reported indicative retail selling rates. These rates reflect a decrease from previous days for various gold and silver purities.

The Economic Times 13 Jul 2026 1:24 pm

EPFO launches VISHWAS 2026 scheme: Six-month window offers relief in delayed PF dispute cases; check eligibility

EPFO 2026 scheme: The Employees' Provident Fund Organisation (EPFO) has introduced VISHWAS, 2026, a dispute resolution scheme. This initiative offers employers reduced damages for pending Employees' Provident Fund cases.

The Economic Times 13 Jul 2026 12:08 pm

10 major changes in ITR forms for AY 2026-2027 that you must know before filing ITR

New Income Tax Return forms for AY 2026-2027 introduce significant reporting changes. Taxpayers must now report futures and options trading turnover and income. Disallowance of MSME interest under Section 43B(h) requires specific disclosure. Partners in firms need to provide additional details on interest and remuneration. These updates aim to enhance transparency and compliance for all taxpayers.

The Economic Times 13 Jul 2026 11:12 am

Tata Capital to acquire 88.6% stake in Kerala-based Yogakshemam Loans

TCL will subscribe to equity shares of the unlisted, base-layer NBFC for an aggregate consideration of approximately 93 crore. As at March-end 2026, the target company had assets under management of approximately 708 crore

The Hindu Businessline 13 Jul 2026 11:03 am

Mastercard examines sale of UK payments subsidiary Vocalink, FT reports

Mastercard bought Vocalink in 2016 for 701 million ($937.38 million) from a consortium of British banks

The Hindu Businessline 13 Jul 2026 10:56 am

Q1 Results Today Live: HCL Technologies, ICICI Prudential AMC, Nuvoco Vistas Corporation, Bajaj Consumer Care, Khaitan Chemicals to announce Q1 results, Krishana Phoschem Q1 profit dips

Q1 Results Today, July 13, 2026, Live Updates: Follow businessline's Q1 updates here

The Hindu Businessline 13 Jul 2026 10:50 am

India Smallcap among top 5 smallcap funds with highest risk-adjusted returns. Check details

Bandhan Small Cap Fund leads with the highest Sharpe ratio of 1.05. Invesco India Smallcap Fund also shows strong risk-adjusted returns. Mahindra Manulife Small Cap Fund and Bank of India Small Cap Fund follow. These funds have delivered significant returns over the last three years. Investors can analyze these metrics for informed mutual fund decisions.

The Economic Times 13 Jul 2026 10:49 am

Bitcoin weakens as oil-price spike revives inflation concerns

Renewed hostilities between the US and Iran have heightened concern that rising oil prices could rekindle inflation and push up interest rates

The Hindu Businessline 13 Jul 2026 10:43 am

GST Tax officer can allege fraud first and prove it later, rules Madras High Court; Why this matters to every taxpayer

GST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses must respond seriously to scrutiny and audit queries. Silence during investigations can be construed as suppression of facts. The ruling shifts the battleground to the reply stage for taxpayers.

The Economic Times 13 Jul 2026 10:32 am

Sunil Singhania-backed Abakkus Flexi Cap Fund exits 3 Vedanta group companies after demerger. Check complete list

Sunil Singhania-backed Abakkus Flexi Cap Fund exited Vedanta, Vedanta Oil & Gas and Vedanta Iron & Steel following the group's demerger in June, while raising exposure to Vedanta Aluminium and Vedanta Power. The fund also increased stakes in 28 stocks, with its assets under management rising to Rs 5,300 crore.

The Economic Times 13 Jul 2026 10:09 am

IT, banks, pharma, energy, or metals: 2026 winner?

TrendMap presents a 10-year performance tracker of domestic market sectors. Nine key NSE Sector indices show annual returns ranked by performance. Metals remain the long-term leader despite market cycles and volatility. Data includes YTD for 2026 and historical trading day closing values. This analysis covers Auto, Banks, Energy, FMCG, Infra, IT, Metals, Pharma, and Realty.

The Economic Times 13 Jul 2026 6:30 am

Tax penalties under different Sections explained

If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 111th part of this series, Riju Mehta lists some of the penalties you may be liable to pay.

The Economic Times 13 Jul 2026 6:30 am

Why is RBI reducing short dollar forward position?

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces a delicate balancing act in managing its forward exposure.

The Economic Times 13 Jul 2026 6:30 am

SWPs becoming financial trap for surviving spouses?

It is often witnessed that the aggression of marketing executives in AMCs to onboard an investor is not reciprocated while settling death claims, when the bereaved family expects empathy and handholding, and the funds to relieve them from the stress of having lost a loved one. Sebi should review the ground-level situation with SWPs becoming a financial trap for surviving spouses.

The Economic Times 13 Jul 2026 6:30 am

Time to bet on Nalco, Hindalco, Vedanta Aluminium?

Aluminium prices have seen significant swings this year driven by geopolitical tensions. Demand from key sectors like electric vehicles is robust and outpacing supply growth. Analysts remain constructive on Indian producers like Nalco and Hindalco Industries. Valuations have eased, making the sector attractive for investors. A buy-on-dips strategy is recommended amid ongoing global macro uncertainty.

The Economic Times 13 Jul 2026 6:30 am

Parental coverage in group insurance: In or out?

A large number of senior citizens find it difficult to get individual insurance covers. Insurers may charge higher premiums or decline coverage. So, while the premium comparison is made between the group rates and the lowest available individual rate, the possibility of getting standalone coverage is lower. Under a group plan, however, coverage is usually guaranteed.

The Economic Times 13 Jul 2026 6:30 am

Neelesh Surana on risk-reward scenario across m-caps

Mirae Asset Investment Managers (India)s equity funds have experienced a period of underperformancethe first major blip since inception in 2007. Chief Investment Officer Neelesh Surana speaks to Sanket Dhanorkar on his market outlook and fund strategies.

The Economic Times 13 Jul 2026 6:30 am

Is borrowing money to invest in IPOs worth it?

India's primary market anticipates a busy season with major IPOs approaching. Many investors are borrowing funds to maximize their application sizes. This trend is fueled by increased retail participation and convenient application methods. However, borrowing carries significant risks, including allotment and weak listing uncertainties. Careful consideration of costs and potential returns is essential before leveraging for IPOs.

The Economic Times 13 Jul 2026 6:30 am

Presumptive taxation regime: What changes now?

Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them into a single section. While this structural consolidation is welcome, it does introduce substantive changes that could raise taxable income and cause fresh compliance issues.

The Economic Times 13 Jul 2026 6:30 am

Elder care: Costs, services, key checks to conduct

Elder care firms offer vital support for ageing parents of distant children. These companies provide healthcare, companionship, and daily assistance to seniors. Many non-resident Indians and those living far away utilize these services. India's senior population is growing, increasing the demand for elder care. Companies ensure safety and peace of mind for families with their services.

The Economic Times 13 Jul 2026 6:30 am

Active momentum mutual funds outperform Nifty, passive peers

Actively managed momentum funds have outperformed the Nifty and passive funds over the past year. Their algorithm-driven stock selection and shorter holding periods navigated a volatile market. Bigger bets on outperforming mid and small-cap stocks also contributed to these significant gains. This market-beating potential has prompted new active momentum fund launches recently. These funds use quantitative models to shuffle portfolios based on strengthening price trends.

The Economic Times 13 Jul 2026 5:46 am

Mutual Fund Sahi Hai: SBI Fund Management IPO creates 13 crorepati employees

Deputy Managing Director, DP Singh and CIO, Srinivasan Rama Iyer top the list, with holdings worth more than 100 crore each

The Hindu Businessline 12 Jul 2026 8:45 pm

HDFC Bank workforce drops by over 3,300 as operations automated

As of March 31, the banks staff decreased to 211,178, with new hires down by 3,811, according to its annual report released Saturday

The Hindu Businessline 12 Jul 2026 12:49 pm

Know Your Fund Manager | Gaurik Shah, Senior Vice President - Equity Investments, Mirae Asset Mutual Fund

Gaurik Shah, Senior Vice President Equity Investments at Mirae Asset Mutual Fund, discusses his journey from software engineering to quantitative investing, his process-driven investment philosophy, and the responsibility of managing investors' wealth.

The Economic Times 12 Jul 2026 11:43 am

4 mutual fund NFOs will open for subscription this week. Check key dates and details

Four new mutual fund schemes, including three actively managed funds and one ETF, are set to open for subscription this week, offering investors exposure to services, large and midcap, midcap and banking segments.

The Economic Times 12 Jul 2026 10:54 am

Equity mutual funds deliver over 6% returns last week; sectoral and thematic lead. Check top 10 gainers

Equity mutual funds delivered strong returns last week, led by sectoral, thematic and international schemes. Mirae Asset Hang Seng TECH ETF FoF topped the list with a 6.38% gain, while technology-focused and business cycle funds dominated the top performers.

The Economic Times 12 Jul 2026 10:39 am

Mutual fund NFOs: 7 schemes collect Rs 460 crore in June; WhiteOak Capital Aggressive Hybrid Fund leads

Seven mutual fund NFOs raised Rs 460 crore in June, with WhiteOak Capital Aggressive Hybrid Fund dominating collections. Index funds and ETFs saw relatively muted inflows, while the lone large and mid cap fund also contributed modestly. The data reflects selective investor participation in new fund launches amid evolving market conditions.

The Economic Times 12 Jul 2026 10:26 am

SIF inflows: Hybrid long-short funds account for 67% of total SIF AUM at Rs 11,910 crore

SIF inflows surged in June, led by hybrid long-short funds, which dominated with over Rs 11,900 crore in AUM. Total inflows rose sharply month-on-month, with most strategies witnessing traction, while sector rotation funds remained negligible. Data highlights growing investor preference for hybrid long-short strategies within the evolving SIF landscape in India.

The Economic Times 12 Jul 2026 10:02 am

How to check Annual Information Statement (AIS) before filing ITR: Step-by-step guide

Taxpayers must review their Annual Information Statement before filing their Income Tax Return. This statement details financial transactions linked to a taxpayer's PAN for a specific year. Information is dynamically updated throughout the year as reports are processed by various entities.

The Economic Times 11 Jul 2026 2:35 pm

HDFC Bank firmly rooted in corporate governance, merger related synergies progressing well: Keki Mistry

We remain committed to maintaining the highest standards of transparency, accountability and oversight, Mistry said in a message to shareholders

The Hindu Businessline 11 Jul 2026 1:54 pm

Senior citizen FD interest rates up to 8.30%: This bank has revised rates on 3-year tenure; check other banks' rates

Shriram Finance Limited has revised its fixed deposit interest rates starting July 2, 2026. Regular depositors will now earn up to 7.50% annually on specific tenures. Senior citizens will receive an enhanced rate of 8% on these fixed deposits.

The Economic Times 11 Jul 2026 1:09 pm

Why investors are pouring money into midcap and smallcap mutual funds again

Investor interest in midcap and smallcap mutual funds saw a strong comeback in June. These funds attracted significant inflows, becoming major contributors to equity mutual fund recovery. Broader market stock performance encouraged investors to increase allocations to these segments. Midcap and smallcap funds delivered notable returns, reflecting renewed investor confidence. The net assets under management for these categories also experienced substantial growth.

The Economic Times 11 Jul 2026 11:24 am

India set to play larger role in building global fintech infrastructure, says Payoneer

The country is no longer seen as a large user market for digital payments. It is becoming a place where financial platforms are built for multiple geographies, currencies, customers and regulatory environments

The Hindu Businessline 11 Jul 2026 10:46 am

Sovereign Gold Bond investor alert: Check July 2026 premature redemption calendar and schedule

Sovereign Gold Bonds offer investors a chance for early redemption after five years. Specific tranches are eligible for premature exit in July 2026. Investors must submit redemption requests within strict official timelines. These requests are processed through banks, post offices, and other designated channels. Missing the submission window may result in the rejection of redemption requests.

The Economic Times 11 Jul 2026 10:08 am

These 9 equity mutual fund categories see inflows in June; midcap funds emerge on top

Equity mutual fund inflows climbed 26% in June to Rs 28,973 crore, led by strong investments in midcap, smallcap and flexicap funds, while ELSS and dividend yield funds continued witnessing net outflows.

The Economic Times 11 Jul 2026 10:01 am

Tata Asset Management elevates Anand Vardarajan as CEO and MD, Prathit Bhobe steps down

Anand Vardarajan will become Tata Asset Management's Chief Executive Officer and Managing Director. He takes over from Prathit Bhobe, who steps down in July 2026. Vardarajan has been with the company since 2018, serving as Chief Business Officer. Hemant Kumar is appointed Chief Business Officer, overseeing various business functions. These appointments ensure a smooth leadership transition for future growth.

The Economic Times 11 Jul 2026 9:54 am

Mutual fund SIP stoppage ratio slows to 91% in June as new SIP registrations outpace closures

The mutual fund SIP stoppage ratio eased in June, falling below 100% for the first time in months. More new SIPs were registered than those discontinued or completed their tenures. SIP contributions reached a record Rs 31,781 crore, showing investor confidence in long-term investing. Retail mutual fund assets and folios also saw an increase during the month. This trend reinforces disciplined investor participation in India's growth story.

The Economic Times 11 Jul 2026 9:51 am

IREDA classifies Gensol Engineering, subsidiary as fraud accounts

IREDA said Gensol Engineerings account has been classified as fraud on grounds of alleged misappropriation and criminal breach of trust and forgery with the intention to commit fraud

The Hindu Businessline 11 Jul 2026 8:46 am

Sebi lets mutual funds use intraday borrowing

Sebi has issued revised norms for mutual fund intraday borrowing. These new rules will become effective from September 1, 2026. Mutual funds can now borrow temporarily to manage liquidity mismatches. This allows them to meet unit holder payouts and investment pay-ins. The borrowing quantum will be linked to expected daily receivables.

The Economic Times 11 Jul 2026 7:46 am

Mid & smallcaps turn the tide for equity mutual fund flows

Equity mutual fund inflows increased significantly in June, reaching 28,973 crore. Retail investors returned to mid- and small-cap segments, allocating substantial funds to these categories. Systematic investment plan collections also saw a modest rise during the month. The mutual fund industry's assets under management edged up slightly, aided by market gains. Sectoral and thematic funds also experienced renewed investor interest and recovered inflows.

The Economic Times 11 Jul 2026 7:25 am

Builder failed to provide promised amenities for 6 years; Karnataka RERA steps in and issues 90-day deadline to give promised amenities

Karnataka RERA ordered a builder to provide promised amenities within ninety days. The builder failed to deliver Cauvery water and electricity meters for six years. He must now transfer land Khata and common facilities to the homeowners' association. The RERA Act protects homebuyers and ensures developers fulfill past promises. This ruling mandates builders adhere to agreed amenities and their maintenance.

The Economic Times 11 Jul 2026 7:17 am

Saturday bank holiday: Are SBI, HDFC Bank, ICICI Bank open or closed today on July 11, 2026?

Banks will remain closed on Saturday, July 11, 2026? Digital banking services will continue to be available for customers even if banks are closed. Routine transactions can be performed using mobile and internet banking applications.

The Economic Times 11 Jul 2026 7:01 am

Kotak Bank has navigated challenges over the last two and a half years to emerge stronger : Chief Vaswani

The Kotak Bank chief observed that the Banks structural strength lies in its diversified financial conglomerate model, which offers virtually every financial product

The Hindu Businessline 10 Jul 2026 10:35 pm

Bank of Maharashtra reports 27% profit increase in Q1FY27

BoMs net interest income was up 14.53 per cent y-o-y at Rs 3,770 crore (Rs 3,292 crore in the year ago period)

The Hindu Businessline 10 Jul 2026 9:14 pm

Marc Andreessen, Raghuram Rajan join Federal Reserves monetary policy review initiative

The AI-focused panel will assess the impact of emerging technologies on productivity and employment

The Hindu Businessline 10 Jul 2026 7:44 pm

Who is on Fed Chair Kevin Warshs monetary policy review task forces?

Former RBI Governor Raghuram Rajan joins Marc Andreessen, Mervyn King, Greg Mankiw, Thomas Sargent, Raj Chetty and Microsofts Asha Sharma on Fed Chair Kevin Warshs Federal Reserve policy review panels

The Hindu Businessline 10 Jul 2026 7:42 pm

Indian Bank sees fresh FCNR (B) deposits worth $140 million since new RBI rule; optimistic of clocking $2 b till Sept

Indian Bank currently offers a rate of interest of 6 per cent on such FCNR (B) deposits

The Hindu Businessline 10 Jul 2026 7:11 pm

Sebi allows mutual funds to use intraday borrowing to manage liquidity mismatches

Starting September 1, 2026, SEBI allows mutual funds to use intraday borrowing to manage short-term liquidity mismatches for payouts. Asset management companies must cover all borrowing costs, ensuring no financial risk is passed on to the scheme investors.

The Economic Times 10 Jul 2026 7:04 pm

Financiers boost confidence as Indias used electric vehicle market enters rapid growth

Improved financing, battery-health checks and organised retail channels boost buyer confidence

The Hindu Businessline 10 Jul 2026 7:04 pm

EPS Scheme 2026: Higher pension, 20-day claim settlement, new withdrawal rules; top changes explained

The Employees' Pension Scheme, 2026, introduces significant changes for EPF members. Withdrawal benefits now require a 36-month waiting period after exit. Existing members will seamlessly continue their coverage under the new scheme.

The Economic Times 10 Jul 2026 5:07 pm

The waiting game: Why the UKs stablecoin moment is now

Global stablecoin market value exceeds three hundred billion dollars, dominated by US dollar denominations. The United Kingdom faces a strategic challenge to increase its presence in this evolving financial architecture. Stablecoins offer efficiency in cross-border payments and programmability for the AI economy. Risks exist but are manageable with appropriate regulatory frameworks and clarity. India must also develop a clear stablecoin policy to avoid falling behind global trends.

The Economic Times 10 Jul 2026 4:44 pm