26 C 
UPI at 10: From payments pipe to backbone of Indias digital financial ecosystem
From just 17.86 million transactions worth 6,952 crore in FY17, UPI has surged to 218.98 billion transactions totalling nearly 285 lakh crore in FY26
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.
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.
Laid off by Oracle? Heres how to calculate your severance pay and legal entitlements
In India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice periods, conditions for attending office post-layoff, and how severance packages are calculated for different employee categories. It also details entitled monetary benefits, bonus, variable pay, and ESOPs, advising employees to review settlement papers and understand their legal recourse if dues are denied.
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
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
RBI proposes 1 Lakh crore asset threshold for NBFC Upper Layer classification
Government-owned NBFCs will be brought under the framework for scale-based Regulation of NBFCs
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
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.
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
Prime Minister Narendra Modi promised the 7th Pay Commission for West Bengal state government employees if the BJP wins the upcoming assembly elections. This announcement comes amid anticipation for the 8th Central Pay Commission salary hike, highlighting the divergence in pay commission timelines between the Centre and various states, with some states like West Bengal still operating under the 6th Pay Commission.
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
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.
Samir Arora-backed Helios Flexi Cap Fund adds nearly 13 lakh shares of HDFC Bank, exits IOC & HPCL
Samir Arora-backed Helios Flexi Cap Fund significantly increased its stake in HDFC Bank, adding nearly 13 lakh shares amidst a price decline. The fund also made a complete exit from Indian Oil Corporation and Hindustan Petroleum Corporation. Additionally, it boosted holdings in eight other stocks and introduced new ones like BSE and Solar Industries India.
Best tax saving mutual funds or ELSS to invest in April 2026
Taxpayers looking to save income tax under Section 80C can consider Equity Linked Savings Schemes (ELSS). These tax-saving mutual funds offer potential for higher returns over the long term and have the shortest lock-in period of three years among 80C investments. However, ELSSs carry higher risk as they invest in stocks and do not guarantee returns.
DA hike delay sparks concern: Employees bodies urge FM Sitharaman for quick announcement
SB Yadav, secretary general, Confederation of Central Govt Employees & Workers, in a letter dated April 8, 2026, wrote to the Finance Minister to step in announce the dearness allowance (DA) and dearness relief (DR) for employees and pensioners, respectively. The confederation wrote that the delay in announcement is triggering severe discontent and apprehensions amongst employees and pensioners
The Allahabad High Court ruled a husband can sell his sole-owned apartment even during a matrimonial dispute. A wife was ordered to vacate her husband's flat, sold amidst their divorce case, as she failed to prove co-ownership with documentary evidence. The court found the transfer valid as the husband was the exclusive owner.
RBI proposes one hour delay for transfers above 10,000 to curb fraud
The paper also suggests requiring an additional trusted person authentication for high-value transactions above 50,000 for vulnerable groups such as senior citizens and persons with disabilities
Tenants receiving compensation for surrendering tenancy rights can avoid income tax if they reinvest the funds into a residential property. A recent ITAT Mumbai ruling confirmed that tenancy rights are capital assets, and their surrender constitutes a transfer, making the compensation eligible for Section 54F exemption under specific conditions.
Short-term debt funds offer opportunities as yields rise
Rising bond yields, influenced by elevated oil prices and West Asia tensions, present investment opportunities in debt schemes. Money managers suggest short-term debt funds and long-term government securities are best positioned to benefit. The Reserve Bank of India's stance on interest rates and inflation is expected to keep yields elevated, favoring shorter-maturity investments.
CBI registers FIR in 550 crore IDFC bank embezzlement case
The Haryana government transferred the probe to the central agency on Wednesday, according to the Department of Personnel and Training
RBI issues guidelines to enhance efficiency of cross-border inward payments
Messages received after close of operating hours of banks will be informed to customer immediately at the start of the next business day
Banks close out bulk of their long dollar positions ahead of RBIs April 10 deadline
Move to ensure orderly conditions in the foreign exchange market
PMMY loans disbursal reach all time high at 5.64 lakh cr in FY26
Non-performing assets down to about 2 per cent from 4.86 per cent five years ago
Banks exit bulk of India rupee arbitrage positions ahead of RBI deadline, sources say
On March 27, the Reserve Bank of India directed banks to limit their net open positions in the rupee to $100 million, with compliance required by April 10
Gold prices in Dubai remained a key focus on April 9, 2026, reflecting global trends and local market dynamics. Major retailers like Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers, Dubai Jewellery Group, and iGold reported competitive rates across various karats. These prices fluctuated amidst ongoing geopolitical tensions, with 24KT gold generally priced around AED 569.75 per gram.
8 ways Indias Labour Codes can help build a modern, expanding, and increasingly diverse workforce
By streamlining the old laws, the government has signalled its intent to align Indias regulatory framework with the demands of a $5 trillion economy embedded with the needs of a modern, expanding and increasingly diverse workforce. The new Labour Codes seek to create both a ready workforce and a more predictable environment for business.
NFO Alert : Kotak Mutual Fund launches Kotak Multi Asset Active FoF
Kotak Mutual Fund on Thursday announced the launch of the Kotak Multi Asset Active FOF, an open-ended fund of fund scheme investing in units of equity-oriented schemes, debt-oriented schemes and commodity-based schemes.
Gold prices saw a dip today, April 9, 2026, after a sharp rise yesterday. This shift follows developments in the global bullion market, specifically the Iran-US ceasefire. Major Indian jewellery brands like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds reported lower rates for 22k gold. The Indian Bullion and Jewellers Association also noted this downward trend.
The Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assistance, clear explanations of complex tax rules, and step-by-step guidance, aiming to reduce errors and taxpayer reliance on experts. It marks a move towards proactive compliance.
The Department of Posts has issued new FAQs clarifying child education allowance rules for central government employees. These clarifications address admissibility for pre-primary classes, including repetitions under NEP-2020, and situations like leave, suspension, retirement, and termination. The aim is to ensure uniform implementation and avoid confusion for postal staff.
Parag Parikh Flexi Cap Fund raises stakes in TCS, ITC and 14 other stocks in March
Parag Parikh Flexi Cap Fund increased stakes in Tata Consultancy Services, ITC and 14 other stocks in March, while trimming only Balkrishna Industries. The fund raised holdings in HDFC Bank, Kotak Mahindra Bank, Coal India and others, maintaining a diversified portfolio across 21 sectors.
New guidelines for NPS Swasthya Pension Scheme PoC 2 are now in effect. Health insurance benefits are mandatory for subscribers. The scheme allows partial withdrawals for medical expenses and a 100% lump sum exit for emergencies. Any Indian citizen can join this voluntary, contributory pension scheme. Contributions are invested for retirement while providing immediate medical support.
Big update in gold ETFs: What Sebis new rule means for your investment
Should you invest in multicap mutual funds? Heres how to decide
Multicap funds are gaining traction post market correction as a diversified investment route. However, their mandated exposure to large, mid, and smallcap stocks makes them vulnerable to volatility, especially during market downturns. These funds are best for investors comfortable with higher risk across market cycles.
How to get your share of family property even if your sibling won't cooperate
Earning from idle crypto: A practical guide for long-term holders
Crypto investors can now earn from idle assets without constant trading. Flexible savings accounts allow users to deposit cryptocurrencies like USDT, BTC, and ETH to generate interest. This approach offers a middle ground, keeping funds accessible while they work in the background.
You reduced your home loan EMI. Here is what it is quietly doing to your credit score
Gold ETFs lose up to 6% since Mideast war. Should investors buy, hold or exit?
Gold ETFs have seen declines of up to 8% despite Middle East tensions, leaving investors uncertain. Experts advise against panic selling, recommending asset allocation and staggered buying for those at higher entry points. The recent ceasefire has caused a temporary rally, but long-term gold performance hinges on inflation and central bank policies.
Best large & mid cap funds to invest in April 2026
Large & mid cap mutual funds invest a minimum of 35% in both large and mid-cap stocks, offering a blend of stability and risk. Fund managers have flexibility with the remaining corpus, making these schemes suitable for aggressive investors with a long-term horizon willing to take on extra risk.
Indias securitisation market hits record 2.55 lakh crore in FY26 on NBFC boost
Market sees more than 65,000 crore in transactions during January-March quarter alone, representing a 20% growth compared to same period in previous year, Crisil Ratings says
A Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim of withdrawing funds for a property deal. The court found his explanation lacked evidence and defied normal business conduct. The businessman's appeal was dismissed, upholding the tax department's action.
After a 43-year legal battle, the family of an employee fired for yelling at a company doctor has won back pay and post-death benefits. The Jharkhand High Court ruled the dismissal harsh, citing medical negligence and the employee's severe pain as mitigating factors. The family will receive 40% of back wages and all consequential benefits.
DA hike delay: Will government skip it or just postpone it? Experts weigh in
Central government employees are eagerly awaiting their dearness allowance hike. The announcement, usually made earlier, is now delayed. Experts suggest this is due to administrative transitions and the upcoming 8th Pay Commission. Employees will receive arrears from January 1, 2026, regardless of the announcement date. The government is expected to issue the official order soon, possibly by mid-April.
Bank customers in poll-bound states should plan branch visits for April 9, 2026. Elections are scheduled in Assam, Kerala, and Puducherry. Banks in polling constituencies may close. ATMs and online services will operate normally.
NCLAT upholds NCLT order on distribution of funds from a resolution plan
The National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab National Bank. The tribunal upheld the distribution mechanism. This mechanism was approved by the lenders' body and the NCLT. The case involves OCL Iron and Steel insolvency proceedings. Indrani Patnaik's resolution plan was approved.
The correction can also affect portfolio allocation and market sentiment, says the study
Found no concerns related to governance, conduct in HDFC Bank: RBI Governor
The banking system is very resilient, it is verysafe, strong, says Sanjay Malhotra
The rupee faces continued headwinds from a relatively strong dollar
RBI holds rates steady amid global inflation, growth concerns
The repo rate was last cut in December 2025 by 25 basis points, from 5.50 per cent. In June 2025, the monetary policy stance changed from accommodative to neutral.
Highest FD rates: The Reserve Bank of India has kept the repo rate steady at 5.25%. Experts suggest fixed deposit rates may not increase immediately. However, future rate hikes are possible due to various economic indicators. The article highlights the highest FD interest rates across public, private, and small finance banks for 1, 3, and 5-year tenures as of April 8, 2026.
Looking to invest in ETFs? Know 3 strategies to consider before you start
Exchange Traded Funds (ETFs) offer a passive investment approach, mirroring index performance and allowing investors to align choices with their time horizon and financial goals. A structured strategy, including regular investments via SIPs, can foster discipline and help achieve objectives. Understanding the tracked index is crucial for informed ETF selection.
PPFAS Asset Management gets approval to sponsor pension funds under NPS
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) today to become a sponsor for a pension fund under the National Pension System (NPS).
ITR filing 2026: New disclosure rules on donations, F&O & more explained
RBI MPC outcome: Experts explain what the rate pause means for investors
The Monetary Policy Committee (MPC) of the Reserve Bank of India, in its bi-monthly review on Wednesday, decided to keep the repo rate unchanged at 5.25% and maintained its neutral stance.
Interest rates to remain low in medium to long term: RBI Governor
Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust
NFO Alert : Groww Mutual Fund launches arbitrage fund
Groww Mutual Fund has announced the launch of the Groww Arbitrage Fund, an open-ended scheme investing in arbitrage opportunities. The scheme is designed to capture pricing differences between the cash and derivatives markets, with the aim of generating relatively stable returns with limited directional equity risk.
