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The Odisha High Court quashed criminal cases of 498A and dowry against a husband after he obtained a mutual consent divorce. The court ruled that continuing the criminal proceedings would serve no purpose since the marriage was legally dissolved by mutual agreement under the Hindu Marriage Act, ending a 14-year legal battle.
Bank holiday today: Central government offices will observe a holiday on April 14, 2026, for BR Ambedkar's birth anniversary. Many banks will also be closed across India on this date. This closure coincides with several regional festivals including Tamil New Year and Vaisakhi. Customers should check with their specific bank branches for operational status.
RBI returns Ujjivan SFBs application to transition to a universal bank
This is the second SFB to have its application to transition into a Universal Bank returned
Q4 results highlights today: ICICI Prudential AMC profit up 10%, other key announcements
Q4 Results Today, April 13, 2026 Highlights
BoB and Reliance Jio launch mobile banking app for feature phone users
The app aims to make digital payments accessible to feature phone users and will be available to both existing BoB customers and customers of other banks through an easy self-onboarding process
Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data
The RBI released 2024-25 financial performance data for 15,919 non-government non-financial private limited companies based on their audited annual accounts in Ind-AS format
Ujjivan SFB faces setback as RBI returns universal bank licence application
While acknowledging the banks recent efforts, the RBI said there is still scope for improvement in reducing concentration risks
Rupee slumps 65p amid spike in crude oil prices due to failure of US, Iran to reach a truce deal
Rupee also came under pressure due to the arbitrage between onshore and offshore markets
Gold prices in Dubai were a key focus on Monday, April 13, 2026. Geopolitical tensions and statements regarding the Strait of Hormuz influenced the global market. Rates for 22K gold hovered around AED 526-529 per gram across major jewellers. This information provides a snapshot of the gold market on that specific future date.
OCI fees revised from April 1, 2026: How much you need to pay for new, reissued and duplicate cards
Effective April 1, 2026, the Bureau of Immigration has revised OCI service fees. Fresh applications now cost USD 275 abroad and Rs 15,000 within India. Re-issuance and duplicate cards also have updated charges. Payment methods vary based on application location. New passport holders must update OCI details within three months to avoid a $25 penalty.
24K, 22K gold price today in Chennai: Other than top retailers, the price of 22 karat gold at Lalitha Jewellery is Rs 13,975 per gram, while 22 carat gold is retailing at Rs 14,100 per gram at Swarna Maligai Jewellers, and 18 carat gold at Rs 11,760 per gram.
The initiative aligns with the vision of the Government of India and the Reserve Bank of India to promote financial inclusion and make digital payments accessible to users beyond the smartphone ecosystem
Equity mutual funds see renewed inflows in March, led by five schemes attracting nearly Rs 100 crore each, highlighting selective investor interest across domestic, international, and alternative strategies.
Gratuity may rise under New Labour Code, but your income tax bill could too
The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Act, 1961 and the Income-tax Act, 2025 still rely on basic pay plus DA. With the Payment of Gratuity Act, 1972 now subsumed, this mismatch could make part of the higher gratuity taxablehighlighting the need for alignment between labour and tax laws.
New ITR forms alert: Secondary address field added, what taxpayers must know
New Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are now primary and secondary. Reporting for representative assessees is simplified. The need to split capital gains based on transfer dates before or after July 23, 2024, has been removed.
Planning to transfer equity portfolio in family accounts? Heres the process and tax rules
Transferring equity within family accounts involves specific procedures and tax implications heres a quick guide to the rules, costs, and key considerations.
Haryana has revised minimum wages for unskilled, semi-skilled, skilled, and highly skilled workers, effective April 1, 2026. The new rates, determined by skill level, ensure equal pay for men and women. Employers are responsible for ensuring contractors also adhere to these revised wage structures.
JioBlackRock Flexi Cap Fund exits Swiggy, 20 other stocks; adds ICICI Pru AMC and 9 more in March
JioBlackRock Mutual Funds Flexi Cap Fund exited Swiggy and 20 other stocks in March, while adding ICICI Prudential Asset Management Company and nine more. The fund also increased exposure to key largecaps, reflecting active portfolio reshuffling amid evolving market opportunities and valuation dynamics.
The drop in equity indices, coupled with macro stress from the war in the Middle East, has led major equity brokerages to downgrade India. The ensuing flight of capital, along with the 11% depreciation in rupee in the past 12 months, has really tightened the easy money window for primary capital.
Visa, HDFC Bank launch FIFA World Cup 2026 card and rewards campaign
The Spend & Win campaign extends across HDFC Banks full card portfolio, including credit, debit, business, and forex prepaid cards
8th Pay Commission: The Eighth Central Pay Commission is actively recruiting consultants on a contractual basis to bolster its research and analytical capabilities. Applications are open for Senior Consultants, Consultants, and Young Professionals, with specific experience and age criteria.
Mutual funds significantly reduced their cash holdings in March. This move indicates fund managers actively invested in the market during a period of correction. Despite global uncertainties, this strategy aimed to leverage potential investment opportunities. Several asset management companies deployed substantial cash reserves. This shift reflects a proactive approach to market dynamics.
Small, mid and largecap mutual funds see sharp inflow surge in March. Is investor confidence rising?
Equity mutual funds saw a significant surge in monthly inflows during March, despite market downturns. This rise reflects a shift in investor behavior, with corrections now viewed as buying opportunities. Robust SIP flows and sustained confidence in India's growth outlook are key drivers behind this trend.
Can you buy more than one term insurance plan? 7 things you need to know
RBI criticises banks rupee arbitrage trades
Deputy Governor T. Rabi Sankar said the arbitrage between local and offshore markets strained dollar liquidity at a time when the rupee was under pressure due to large foreign outflows
Best flexi cap mutual funds to invest in April 2026
Flexi cap mutual funds offer fund managers the flexibility to invest across market capitalizations and sectors, making them suitable for moderate investors seeking long-term wealth creation with a five to seven-year horizon.
Q4 Preview: ICICI Pru AMC likely to report 5% growth in Q4 net profit
On a sequential basis, the fund houses profit and revenue will come under pressure due to market turbulence
Disinherited in a Will? A settlement deed can still give son or daughter rights over property
A Kerala High Court ruling clarifies that a settlement deed holds legal power over a Will. Even if children are excluded from family property in a Will, a settlement deed executed in their favour remains valid. This legal instrument allows for property transfer independent of a Will.
How to heal your equity portfolio in FY27
FY26 left your equity portfolio bruised. As FY27 begins, heres how to heal it.
Growth in Asia to slow even if oil stabilises: ADB
The Iran war will also likely hit semiconductor output, amid disruptions in the shipments of key inputs for chip manufacturing like helium, sulfur and petrochemical products, according to the ADB. Tourism-dependent economies will likewise feel the drag after the war upended global travel, it added.
Global investing: Where to invest, how to do it right
For global diversification, experts recommend a diversified, disciplined approach across regions.
Why Indias wealth boom needs a succession blueprint
In India, property carries both emotional and financial weight. As Indian wealth increases, the shift has to be from accumulation to intentional transfer. Real estate will sit at the centre of that journey
Neonatal emergencies can increase your hospital bill
Parents buy maternity cover for delivery, but the bigger financial risk is complications after birth.
Trust deed wording can trigger tax risks
Whether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can significantly alter the legal consequences of an arrangement. in matters of taxation, precision in drafting is not merely good practice but an essential safeguard.
West Asia conflict hits travel insurance
Travel insurance faces challenges due to global conflicts and increased flight costs. Many insurers are suspending coverage for affected regions. Leisure travel to West Asia and Europe is down. However, senior citizens visiting children in the US are proceeding with travel plans. Pre-existing condition coverage remains a key concern for elderly travelers.
Raja Ravi Varmas art: Decoding the Rs 167-cr moment
Acquired by Cyrus Poonawalla, one of Indias most prominent industrialists, this transaction reflects a shift in which price sensitivity declines and narrative, legacy, and positioning take precedence.
Widespread sector weakness dominates 2026
The annual returns are ranked for 9 key NSE Sector indices. Cyclicals dominate the decade, driven by capex, commodities, and recovery cycles. By Sameer Bhardwaj.
What are AT1 bonds and how do they work?
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 98th part of this series, Riju Mehta explains how this special category of bonds work.
Alignment of average call rate with repo rate contingent on level of liquidity: RBI
The study noted that central banks actively manage liquidity conditions in the banking system to ensure that the operating target remains aligned to the policy rate, hovering within the interest rate corridor
The 8th Central Pay Commission is holding meetings with unions and government organizations in New Delhi and Pune this month and next, respectively. Interested parties must submit a memorandum by April 30, 2026, to secure an appointment. The commission is also recruiting consultants for full-time and part-time roles.
Premier Explosives, Shankara Buildpro among top 6 unique stocks held by mutual funds in March
Unique stocks in mutual funds are those held by only one fund house. In March, around 234 such stocks were identified, with select picks like Marathon Nextgen Realty, Premier Explosives, and others reflecting concentrated conviction by funds such as Quant, HDFC, and Bandhan.
Equity mutual funds posted strong weekly gains of up to 13%, with 608 out of 615 schemes ending in positive territory. International, thematic, and sectoral funds led performance, reflecting broad-based market recovery and strong investor participation across diversified equity strategies.
11 equity mutual funds witness AUM fall by over Rs 5,000 crore in March. Check details
Equity mutual funds witnessed sharp AUM declines in March amid market volatility, with 691 of 728 funds affected. Major schemes from HDFC Mutual Fund, SBI Mutual Fund, and ICICI Prudential Mutual Fund saw heavy outflows, reflecting investor caution and market-driven erosion.
AI to reduce uncertainties and expand opportunities - RBI DG
Delivering the 20th CUB V Narayanan Memorial Lecture at SASTRA Campus in Thanjavur, the DG of RBI laid down a five-point charter guidelines for full scale AI adoption in the Financial & Banking industry
A property seller successfully claimed a Rs 21 lakh TDS credit at ITAT Delhi after the buyer mistakenly deposited it in the wrong year. Despite the Income Tax Department's denial, the tribunal ruled that capital gains must be taxed in the year of transfer, allowing credit based on Form 71.
Abakkus Flexi Cap Fund, backed by Sunil Singhania, boosted its holdings in HDFC Bank and Reliance Industries in March. The fund also increased its stake in 28 other stocks, notably Tata Steel and Bank of Baroda. A new investment was made in Mahindra & Mahindra, while Bharat Petroleum Corporation was exited.
Debt mutual funds record big outflows of nearly Rs 3 lakh crore. Are safer options losing appeal?
Debt mutual funds saw a massive Rs 3 lakh crore outflow in March. This sharp reversal followed inflows in February. Liquid funds and overnight funds faced the biggest redemptions. Experts attribute this to quarter-end institutional adjustments and profit booking. Assets under management for debt funds also declined significantly. This trend is seen as a temporary liquidity adjustment.
Shriram Finances credit rating climbs after MUFG investment
Rating agencies raise Shriram Finances long-term credit rating from AAA to AA+
Mutual fund NFOs saw strong traction in March, with 24 launches collectively raising 3,985 crore, led by HDFC MFs index fund contributing the largest share.
A retired widow, Smt. Vanajakshi, mistakenly believed she wasn't receiving dearness allowance on her regular pension. Despite receiving DA on both her family and regular pensions, she filed a court case. The Madras High Court dismissed her claim, confirming she was already receiving DA on both pensions, as per company records and relevant rules.
Buying agricultural land near a city? Key income tax rules you must know
An ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that official revenue records, actual cultivation, and lack of formal conversion are key factors. This decision protects buyers from tax additions based solely on higher urban land stamp duty rates.
MFs gain during market pain: Net flows zip 56% in march
In March, equity mutual fund inflows soared to their highest level in eight months, showcasing a resilient commitment from domestic investors even amid market turbulence. Their increased investments played a crucial role in balancing out the recent foreign fund exits. Moreover, contributions via Systematic Investment Plans (SIPs) surged to unprecedented figures.
The Income Tax Department has launched the new TRACES 2.0 portal, replacing the old system with an upgraded, user-friendly interface for streamlined TDS compliance. This platform centralizes Form 26AS, AIS, and TDS certificates, simplifying reporting with a single 'Tax Year' concept. While property buyers cannot deposit TDS here, they can use TRACES 2.0
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Senior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this attractive rate. Tax deducted at source applies if FD interest exceeds one lakh rupees annually. However, eligible senior citizens can submit Form 15H to avoid TDS deductions. This offers a significant opportunity for enhanced returns on savings.
Policyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to simplify health insurance, boost transparency, and improve claim processing. Key focus areas include streamlining digital systems, controlling fraud, and enhancing coordination between private and public health schemes for a better consumer experience.
Saturday bank holiday today: Are banks open or closed today on April 11, 2026?
Bank holiday today: It is important to note that banks in India observe a standardised holiday schedule that includes all Sundays, the second and fourth Saturdays of each month, as well as regional and national holidays declared in the Reserve Bank of India's (RBI) annual holiday calendar..
Invoices financed on RXILs platform jumps 51% to 1,21,105 cr in FY26
Cumulative value of invoices financed on RXILs Trade Receivables Discounting System platform crosses 3 lakh crore mark
Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance
Kumaraswamiwill succeedVSuryanarayanananasManaging Directorand CEOof Chola MS from June 1, 2026
RBI unveils medium-term strategy framework Utkarsh 2029
The framework also prioritises scaling up the Unified Lending Interface to improve access to credit, particularly for underserved segments
Fintechs bet big on digital FDs, eye larger share of retail savings
Fintechs are revolutionising Indias fixed deposit market, enhancing access and convenience for retail savers through digital platforms
The Latest Home Loan Interest Rates: Apr 10, 2026
The Latest Home Loan Interest Rates: Apr 10, 2026
The Latest Fixed Deposit Interest Rates: Apr 10, 2026
The Latest Fixed Deposit Interest Rates: Apr 10, 2026
India to push for reporting of offshore rupee trades despite resistance, sources say
Domestic banks are already required to report all derivative transactions, including by their overseas offices
A beginner's guide to scalping: Capturing the markets micro-trends
Scalping is a high-speed trading style focused on capturing tiny price movements, demanding radical honesty, unbreakable discipline, and flawless execution. It requires a deep understanding of costs, including regulatory charges and the Tap Tax from trading apps, to achieve profitability. Success hinges on disciplined execution, managing risk ruthlessly, and knowing when to stop.
The new sectoral guidelines Sankalp 3.0 has been designed as a structured, outcome-driven framework that balances regulatory expectations with industry ownership, according to a Sa-Dhan statement
Gold prices in Dubai are drawing attention today, April 10, 2026. Geopolitical events, including the US-Iran ceasefire, are influencing the market. Investors are observing these developments closely. Various jewelers like Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers, Dubai Jewellery Group, and iGold are reporting gold rates across different karats.
The Income Tax Department is hosting a quiz on the new Income Tax Act, 2025. This initiative aims to boost citizen awareness of the taxation system. Participants can win cash prizes, with the top ten winners receiving Rs 10,000 each. The quiz runs from March 20 to April 20, 2026.
Mutual fund SIP stoppage ratio surged to 100% in March as discontinued SIPs outpaced new registrations, even though monthly SIP contributions hit a record Rs 32,087 crore. Overall investor participation remained strong, with equity inflows extending their multi-year positive streak and SIP accounts nearing 9.72 crore, reflecting sustained long-term investment appetite.
India's remittances to reach record $140 billion in FY26: SBI Research
The report also noted that the Governor's December 2025 statement had a more dovish tone when inflation was lower and geopolitical conditions were more stable
SBI customer alert! You may face OTP disruptions due to scheduled maintenance during these hours
State Bank of India (SBI) has alerted customers to potential disruptions in OTP-based services on April 11, 2026, between 02:30 and 02:50 hrs IST due to scheduled maintenance. During this brief window, internet banking, YONO Lite, and YONO services may experience intermittent issues.
DA hike January 2026: Why is the announcement delayed and what to expect
Gold rates today: Gold prices have seen a decline across major Indian jewelry brands following a US-Iran ceasefire and a subsequent drop in crude oil. This easing of geopolitical tensions has led traders to reassess inflation risks and demand for safe-haven assets.
Gold ETF inflows drop 57% to Rs 2,265 crore; silver ETFs see second straight month of outflows
Gold ETF inflows fell 57% to Rs 2,265 crore in March, while silver ETFs posted outflows for the second consecutive month, AMFI data showed. Commodity ETFs had a rough month, with all 43 ending in the red and silver-heavy schemes leading declines amid a global selloff in precious and industrial metals.
West Asia conflict drives surge in NRI term insurance purchases from India, 35% m-o-m surge: Report
The report further highlights that close to 80% of NRIs prefer pure term insurance plans over return-of-premium products
RBI to conduct 2 lakh cr 7-day VRRR auction on Friday
The operation aims to withdraw excess cash and stabilise short-term interest rates
No policy details without ID: Delhi High Court backs LIC in RTI case
The Court noted that LIC manages a vast database of policies and cannot reasonably trace records without key details such as name, date of birth, or address
From trusted persons to kill switch: 6 ways how RBI is planning to safeguard your online payments
Amidst rising online fraud, the RBI proposes enhanced digital payment security. Key measures include a one-hour wait for new payees and high-value transfers, an optional 'trusted person' approval for vulnerable users, and an emergency 'kill switch' to block all digital transactions.
New ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross receipts and presumptive income. This change aims to enhance transparency and facilitate cross-verification of reported income with tax data. The updated forms specifically cater to presumptive taxation provisions under Sections 44B, 44BB, 44BBA, 44BBC, and 44BBD.
Mutual fund SIP inflows rise 8% to hit all-time high of Rs 32,087 crore in March
Mutual fund SIP inflows reached a record Rs 32,087 crore in March. Equity fund inflows surged by 56%. Flexi cap funds led the equity category. Conversely, debt mutual funds experienced a significant outflow of Rs 2.94 lakh crore. Liquid funds saw the largest redemptions. This marks a notable shift in investor sentiment.
March AMFI Data: Equity mutual fund inflows soar 56% MoM to Rs 40,450 crore; flexicaps top charts
Indian equity mutual funds saw a significant surge in March, with inflows climbing 56% to Rs 40,450 crore, driven by strong performance in flexicap, smallcap, and midcap categories. Conversely, debt funds experienced a substantial outflow of Rs 2.94 lakh crore, while hybrid funds also saw a net outflow.
Bandhan Small Cap among 5 smallcap MFs offering up to 28% CAGR over 3 years
Quant Small Cap Fund saw focused buying in financials and smallcaps in March, adding Safari Industries and avoiding any portfolio exits.
Here how you track & reclaim forgotten shares from ESPPs, IPOs, demat
The Ministry of Finance has announced the General Provident Fund (GPF) interest rate for the April-June 2026 quarter will remain at 7.1%. This rate applies to GPF, CPF, and other similar government funds. The Public Provident Fund (PPF) and other small savings schemes also retain their interest rates.
You are a US citizen and inherited property in India; here's what you have to do next
Indian banks resilient despite rising credit pressure in Asia: Fitch
Indian banks may face pressure on earnings as liquidity tightens. The report says margin pressure could increase as the Reserve Bank of Indias (RBI) ability to inject liquidity becomes limited
A government servant is entitled to claim reimbursement for the amount paid towards the education of their children. The amount for reimbursement of CEA is Rs 2,812.5 per month (fixed) while the hostel subsidy is specified at Rs 8,437.5 per month (fixed), irrespective of actual expenses incurred.
A government servant is entitled to claim reimbursement for the amount paid towards the education of their children. The amount for reimbursement of CEA is Rs 2,812.5 per month (fixed) while the hostel subsidy is specified at Rs 8,437.5 per month (fixed), irrespective of actual expenses incurred.
