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Gold rates today:Here is a look at the latest 22k gold jewellery prices at Tanishq, Joyalukkas, Malabar Gold & Diamonds and Kalyan Jewellers across major cities such as Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Thiruvananthapuram.
Best focused mutual funds to invest in August 2026
According to Sebi norms, focused equity mutual fund schemes must invest in a portfolio of maximum 30 stocks. These schemes have no other restrictions when it comes to investing- like flexi cap schemes they can invest in any market capitalisations and sectors. If that investment strategy appeals to you, you can get to know more about focused equity schemes.
Q1 Results Today, 13th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
NRI estate planning: The 8 steps that decide whether your family inherits peace or a legal nightmare
Buy or Hold? Here's how analysts are rating 7 midcap stocks from Delhivery to Cera
SBI raises $500 million overseas as strong investor demand sharply cuts spread
Strong investor appetite helped SBI tighten pricing by 32 bps from the initial guidance of 120 bps, resulting in a final spread of 88 bps over US Treasuries
Defaulted on your loan? Here's what banks can legally do and what they can't
Missing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first. For secured loans, repossession of assets follows legal procedure, while unsecured loans depend on collection efforts. Recovery agents must uphold borrower dignity, refraining from harassment. Engaging proactively with lenders can facilitate loan restructuring and help preserve your credit score from significant damage.
AvenuesAI net profit rises 45%, targets 13,000 crore revenue in FY27
The fintech firm is targeting faster growth through Rediff, US payments expansion and an AI-led transaction intelligence platform called TISco.
Bank of America to acquire up to 49.9% stake in Jio Credit for 18,268 crore
Jio Credit is betting on digital innovation and fresh capital to transform credit delivery across India
Mufin Green Finance posts 346% PBT jump in Q1 FY27, stock hits 52-week high
Mediclaim financing vertical delivers its strongest quarterly performance to date
ICICI Direct adds real-time auction price display to trading platforms
The feature allows investors to track demand and supply dynamics in real time before the market officially closes, and is intended to help them assess portfolio and derivatives positions ahead of the final settlement price
RBI unveils harmonised draft Directions on interest rates on loans for all lenders
Indel Money planning to raise up to 500 cr via public issue of NCDs
The minimum application size is 10,000 across all Series of NCDs and in multiples of 1,000 thereafter
Finance Ministry weighs tiered MDR and subsidies phase-out for high-value UPI payments
The proposals include reintroducing merchant discount rates (MDR) on high-value transactions and establishing a tiered incentive structure to phase out government subsidies over the next few years.
NFO Alert: Zerodha Fund House launches arbitrage fund
Zerodha Fund House has launched its Arbitrage Fund, an open-ended scheme targeting equity and derivatives price gaps. The NFO closes August 14, with the fund designed for relatively low-volatility, tax-efficient short-term cash parking and conservative investors.
Karnataka Bandh on August 13, 2026: Are banks open or closed on Thursday? Check bank holiday status
Bank customers in Karanata may be wondering whether the statewide bandh will affect their offline banking services. Pro-Kannada organisations have called for a Karnataka bandh over the Cauvery water dispute, while also demanding progress on some projects in Karnataka.
For Non-Resident Indians, establishing a retirement corpus back home is simplified with the National Pension System. NRIs can open a Tier-I account, the essential foundation for retirement savings. Contributions are permitted from NRE and NRO accounts, facilitating smooth repatriation. Subscribers enjoy a range of investment choices, spanning equity, corporate bonds, and government securities, and can opt for either active or automated investment management in line with their risk appetite.
Parag Parikh Flexi Cap Fund hikes stakes in HCL Tech, Maruti Suzuki in July. Check details
Five largecap mutual funds delivered strong three-year annualised returns of 13.414.5%, led by Taurus and Invesco. Meanwhile, five laggards posted single-digit annualised gains ranging from 7.7% to 9%.
FCNR inflows may push FY27 loan growth to 16%; weaker-liability banks to benefit: Report
Brokerages noted that banks had mobilised $36.7 billion in fresh FCNR deposits as of July 31, surpassing $24.5 billion mobilised during the entire 2013 window, which represented 2% of system deposits and 9% of FCA
When will government issue plastic currency notes? Minister reveals this in Parliament
The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific details regarding the launch date and associated costs remain undisclosed.
India plans insurance reforms to rein in healthcare costs, sources say
India is considering sweeping health insurance reforms to standardise treatment rates, coverage and billing, while expanding a nationwide claims exchange, sources said. A regulatory panel is expected to submit recommendations by year-end as authorities seek to curb medical inflation, reduce fraudulent claims and encourage greater insurance coverage across the country.
Will 8thPay Commission submit its report before 18-month deadline? Minister clarifies
8th Pay Commission news: The 8th Pay Commission is currently engaging with various stakeholders regarding issues related to pay and pensions. The findings are expected to be submitted within 18 months of its formation. Led by chairperson Justice Ranjana Prakash Desai, this initiative aims to benefit nearly 35.77 lakh civilian employees and 33.76 lakh pensioners. Modifications to guidelines for consultant involvement have been introduced by the commission.
SBI uses AI to underwrite nearly 1 lakh cr in MSME loans in FY26
SBI Managing Director Rama Mohan Rao Amara says the bank is also deploying artificial intelligence, including Large Language Models, to automate processing of cheques up to 10,000.
Gold rates today: If you are planning to buy gold jewellery, here is a look at the latest 22K gold rates at Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers across major cities.
Central Bank of India mobilises $250 mln under FCNR (B) window: CEO Kalyan Kumar
Central Bank of India surpasses the $100-million target set for July
JioBlackRock Flexi Cap Fund adds Bandhan Bank, 14 other stocks; exits Vedanta, 17 more in July
JioBlackRock Flexi Cap Fund added 15 stocks and exited 18 in July, with Bandhan Bank and Punjab National Bank among its key additions. The fund also increased exposure to 29 stocks while reducing its stake in 29 others. Its portfolio stood at 133 stocks, with an AUM of Rs 3,270 crore.
Direct mutual funds vs regular plans: Do lower fees really mean higher returns?
361% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.61 lakh
SGB premature redemption date: The Reserve Bank of India has announced the premature redemption price for the SGB 2018-19 Series VI, allowing investors to redeem their bonds starting August 12, 2026, after a five-year term. Investors stand to gain substantial returns on their initial capital.
Husband claims Rs 20 lakh debt and lost his earning capacity due to the hostile atmosphere and false complaints by wife; HC rejects wifes higher maintenance claim but orders him to pay Rs 46 lakh for daughters education. Know why he lost the case in Madhya Pradesh High Court.
Employees working in manufacturing sector can clarity on what benefits they are entitled to and what their employer must provide, under new labour code rules. Read the article to know more.
The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wider restriction on deductions and losses against presumptive income. Here is what professionals need to know before filing their returns.
Are you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating your funds. Discover the differences between NRE and NRO accounts, along with FEMA regulations and repatriation limits. Selecting the right bank account is critical for ensuring a hassle-free transfer of your sale proceeds overseas.
Dubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Schedule FA of ITR; ITAT Delhi upholds Rs 1.86 lakh penalty under Black Money Act, 2015. Know why did he lose the case.
Gold, silver ETF inflows plunge in July. Is it time to book profits or stay invested?
In July, there was a notable drop in inflows for gold and silver ETFs, despite high prices for precious metals. Analysts attribute this downturn to profit-taking following a robust rally. Nevertheless, ongoing positive inflows suggest that investor interest in gold remains strong. It is recommended that investors reassess their portfolios and adjust new investments accordingly.
Hybrid cars in India 2026: Best models, prices, mileage and why buyers are considering them
SBI sees strong demand for 5-year dollar bond, tightens pricing
SBI raises $500 million through a five-year dollar bond issued via its London branch
Fixed deposit interest rates: Union Bank of India, DCB Bank and Indian Bank have revised their fixed deposit (FD) interest rates. These revised rates are effective from early August 2026.
Q1 Results Today, 12th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
SBI has 5-6 M&A financing deals in pipeline, says senior official
The new lending avenue is helping banks tap sectors such as software, where companies traditionally have had limited need for bank financing.
Microfinance loan disbursements above 1 lakh jump 89.8%; smaller loans decline
The shift towards higher-value loans comes as lenders seek stronger borrower profiles and tighter risk management following stress in the sector.
How investors can use thematic funds to boost portfolio returns
Thematic funds focus on investing in firms associated with particular long-term trends, aiming for potential alpha returns. They entail a greater concentration risk when compared to traditional diversified equity mutual funds. Therefore, investors must carefully time their entries and exits. It
Equity MF bets lose some zip, seasonal debt flow lifts AUM
Retail investor activity in equity funds dipped by almost fifteen percent in July, indicating a cautious approach towards market trends. Conversely, systematic investment plans enjoyed positive growth, affirming their importance in the investment landscape. Debt funds welcomed impressive inflows, bolstering overall industry assets. Additionally, liquid and overnight funds attracted major corporate treasury allocations at the quarter's start, with mid- and small-cap equity categories still favored despite market hesitations.
Fusion Finance plans retail loan venture in September
The average ticket size is expected to be 1.25-1.5 lakh, with a maximum loan size of 2 lakh
Manappuram Finance logs 41% jump Q1FY27 standalone net profit at 552 crore
In the reporting quarter, the NBFCs net interest income (difference between interest earned and finance costs) rose 33% yoy to 1,464 crore (1,104 crore in Q1FY26)
Agentic AI emerges as mid to high level priority for Indian banks
Senior executives highlight its potential to transform decision-making, security and innovation across the sector
Manappuram Finance posts 585 crore profit in June quarter
Assets under management grew by 57.20 per cent to 69,635 crore
Effective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax regime. REIT, InvIT unitholders can gain from new tax regime.
The Employees' Provident Fund Organisation (EPFO) has made it easier for members to access their savings by modifying withdrawal regulations. Now, individuals can withdraw up to seventy-five percent of their accumulated balance twice a year. In cases of unemployment, members can access seventy-five percent of their provident fund immediately.
Mutual fund NFOs: 25 schemes collect Rs 2,022 crore in July; Choice Overnight Fund leads
Mutual funds launched 25 new open-ended schemes in July, mobilising 2,022 crore. Equity funds raised the most at 768 crore, followed by overnight, hybrid and index funds, while ETFs and lifecycle funds attracted comparatively smaller inflows.
Mirae Asset Financial Groups NBFC arm launches digital pledging for CDSL demat accounts
Customers with CDSL demat account can now apply for Loan Against Shares (LAS) completely online through the Mirae Asset Financial Services website or mobile app
Family bought reservation ticket to travel to Tirupati but due to overcrowding manyunreserved, waiting list and ticketless passengers occupied their seats; family files case and wins Rs 50,000 compensation. Know how they won the case in consumer commission
Mirae Asset Financial Services launches loan against shares held in CDSL
The loan will be processed online through the Mirae Asset Financial Services website or mobile app, replacing a manual, paper-intensive process
RBI wants AI to be responsibly harnessed; not to be seen as a risk: Sanjay Malhotra
By harnessing AI capability, the economics of credit delivery changes fundamentally, banks can serve customers better and enhance their operational efficiency, he said
Govt approves introduction of one billion polymer banknotes of 10 and 20
The polymer banknotes will be issued alongside paper-based notes, with the procurement process currently at an initial stage, the government said
Vikas Khemani elected APMI Chairman, Sandeep Jethwani Vice-Chairman
APMI appointed Vikas Khemani as Chairman and Sandeep Jethwani as Vice-Chairman following its August 10 board meeting. The new leadership will focus on transparency, governance, investor education, technology adoption and industry best practices. Indias PMS industry had Rs 43.3 lakh crore in AUM as of June 2026, highlighting its growing importance.
Man sentenced to three years jail for using aluminum foil in Kaju Katli instead of silver foil; he wins case in Gujarat HC due to food inspector's error in collecting samples under Rule 14 of the Prevention of Food Adulteration Rules, 1955. Know how he won case in Gujarat High Court.
BRICS nations discuss linking payment systems and CBDCs, RBI chief says
In the light of India hosting the 2026 edition of the BRICS summit, cross-border payments is considered an area of interest
EPS 95 latest news: The Employees' Provident Fund Organisation (EPFO) has received over fifteen lakh applications for higher EPS pensions. As of August 5th, 2026, there remain eleven thousand five hundred ninety-five applications still pending. In response to a Supreme Court ruling granting access to higher pension options, the government has instructed regional EPFO offices and employers to hasten the application verification process.
Gold prices saw an increase today across major Indian jewellery brands. Retail rates for 22K gold jewellery climbed at Tanishq and other stores. The India Bullion and Jewellers Association also reported higher gold and silver prices.
Mutual fund SIP inflows climb marginally MoM to Rs 31,961 crore in July
On a year-on-year basis, SIP inflows increased 12% from Rs 28,464 crore in July 2025.
Employee denied compensation as he lost his left leg due to accident at workplace during lunch-break; Delhi HC orders insurance company to pay Rs 7.86 lakh with 12% interest under Employee's Compensation Act, 1923. Know how he won the case in high court.
Quant Small Cap Fund : SBI Funds Management and IDFC First Bank among stocks bought and sold in July
Quant Small Cap Fund added 13 stocks and exited four in July. The fund increased exposure to 10 stocks while reducing holdings in seven, taking its portfolio to 106 stocks.
Equity mutual fund inflows fall 15% to Rs 24,697 crore in July; smallcaps lead inflows
Equity mutual fund inflows fell 15% month-on-month to Rs 24,697 crore in July, with small-cap funds attracting a record Rs 7,767 crore. Debt funds saw a sharp turnaround, recording Rs 1.87 lakh crore in inflows after two months of outflows. Hybrid fund inflows declined 11%, while passive fund inflows fell 25% during the month.
RBI chief urges lenders to accelerate AI spend
The central bank Governor, however, warned that AI use entailed risks including biased or opaque decision, besides data privacy and cybersecurity threats
Trump reopens Fed battle at critical time for bond markets: Mike Dolan
US President Trump has renewed his efforts to remove Fed Governor Lisa Cook over unproven mortgage fraud allegations, while his administration is anxious that the Fed could raise interest rates next month
How should my NRI children disclose gifts received from relatives in ITR-2?
ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax department has also not responded to the grievance lodged on its portal regarding this issue. Kindly guide us on how such gifts should be reported in the ITR so that they can file their returns.
Man purchased flat from PNB in auction but got only 1 parking spot for his 6 vehicles; housing society used wheel jammer to clamp wrongly parked vehicles; Maharashtra co-op appellate court rules society needs to give 48 hour notice with reasons to clamp wrongly parked vehicle. Know what happened in this case.
Sovereign Gold Bond: The Reserve Bank of India has revealed the redemption prices for select gold bond series, which can be redeemed prematurely after a five-year period from their issuance. The redemption amount is determined by taking a three-day average of gold prices.
Zero forex markup credit cards: Does it mean zero cost? Check this before your international travel
Planning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can still impact your costs. Discover what this popular travel perk truly means, when it saves you money, and if a prepaid forex card might be the smarter choice for your next adventure.
4 good reasons to give when asked why you're leaving your job (and 5 to avoid)
FCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across institutions, so it's essential to consult individual bank policies before considering any withdrawals.
Quit your job? Your health insurance just vanished; 5 things to know
Best tax saving mutual funds or ELSS to invest in August 2026
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
Q1 Results Today, 11th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
EPS pension hike: Will minimum pension rise from Rs 1,000 to Rs 7,500?
Minimum EPS pension: Pensioners are advocating for a boost in the minimum EPS pension. The government reassured them that existing pensions are backed by appropriate budget allocations. A considerable number of pensioners benefit from the EPS scheme, and recent Supreme Court rulings have enabled many employees to qualify for increased pensions. While the government is dedicated to enhancing social security, it prioritizes the sustainability of funds.
Can you build a 5 crore retirement corpus on a 15 lakh salary with EPF alone?
Can EPF contributions secure a comfortable retirement for those with higher salaries. With an annual income of 15 lakh, one can potentially accumulate a significant retirement fund corpus. However, rising inflation and healthcare expenses highlight the urgent need for a diversified investment strategy to ensure a financially stable future.
HDFC Bank cuts MCLR by 5 bps as lower funding costs aid repricing
Analysts attribute the move to a combination of easing deposit costs, repricing of the deposit book and strong inflows into foreign currency non-resident [FCNR(B)] deposits, which provide banks access to relatively cheaper funds than domestic term deposits
Girija Subramanian joins IRDAI as member
Subramanian, who was theformer chairperson of National Agriculture Insurance Company of India (AIC)joined the Authority on Monday, the insurance regulator said in a release
Mutual funds and distributors fret over fee on UPI transactions
The government has recently proposed levying a nominal merchant discount rate (MDR) on a limited set of UPI merchant transactions above a certain threshold
Trilegal advises on Indias largest-ever OFS in LIC
The stake sale raised LICs public shareholding from 3.5 per cent to 10%, allowing the government to meet the minimum public shareholding requirement ahead of the regulatory deadline
The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposure
The Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US-dollar route to diversified Indian mutual funds and ETFs through professionally managed portfolio selection.
NFO Update: SBI Mutual Fund launches balanced hybrid fund
SBI Mutual Fund has launched the SBI Balanced Hybrid Fund, an open-ended scheme investing in equity and debt instruments. The NFO is open until August 24, with a minimum investment of Rs 5,000. The fund will maintain a 4060% allocation each to equity and debt, targeting long-term growth and income.
Eye on FCNR-B deposits: Bank of India plans to raise up to $1 bn via Medium-Term Note programme
Between June 5, 2026, and July 30, 2026, the public sector bank mobilised $207.46 million via FCNR-B deposits of 3-5 years tenor
Chennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differential amount; ITAT Chennai gives him relief; Know why he won the case in ITAT Chennai.
Senior citizen to get Rs 3.96 lakh from housing society after housing society's faulty terrace repairs caused water leakage in his two flats; Maharashtra Co-Op Appellate Court order explained. Know how he won court case.
Have Rs 10 lakh to invest for 3-5 years? Heres how to structure your mutual fund portfolio
NFO Alert: Bandhan Mutual Fund announces launch of contra fund
Bandhan Mutual Fund has launched the Bandhan Contra Fund, an open-ended equity scheme targeting fundamentally strong but out-of-favour businesses. The NFO closes August 24, follows a contrarian strategy and aims to benefit from improving fundamentals and eventual market re-rating.
Motilal Oswal Asset Management Company crossed Rs 2 lakh crore in total AUM across mutual funds, AIF and PMS as of August 7, 2026. The milestone reflects its QGLP investment philosophy and equity-focused strategy. During FY2026, the fund house expanded products, added 56.08 lakh SIPs and recorded Rs 16,479 crore in SIP inflows.
