38 C 
Barclays sees FCNR inflows falling short of market hype
According to the report, expectations may have been inflated by comparisons with the RBIs successful 2013 FCNR scheme
Banks have to dispose of specified non-financial assets acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases
Jio Financial Services Q1 net profit zooms 156% to 830 crore
The NBFCs assets under management (AUM) rose 2.6 times from 11,665 crore as at June-end 2025 to 30,667 crore as at June-end 2026
Piramal Finances Q1 FY27 consolidated net profit jumps 67% to 461 crore
The non-banking finance companys board on Thursday approved a fund raise of up to 4,000 crore
Exim Bank India presents 428 crore dividend cheque to FM Sitharaman for FY26
Bank posts 32 per cent y-o-y rise in net profit to 4,273 crore
Shriram AMC announces Refreshed Fund Opportunity for its three hybrid funds
Shriram AMC has refreshed the investment framework of three hybrid funds, introducing a research-driven, dynamic asset allocation strategy across equity, debt, gold and silver. The move aims to improve diversification, manage risk and support long-term wealth creation across market cycles.
Cost Inflation Index (CII) for Tax Year 2026-27 notified: Here's what it means for capital gains tax
The Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acquisition costs for capital gains. It becomes effective from April 1, 2026, impacting future tax calculations.
South Indian Bank posts 17% rise in net profit to 378 crore
P R Seshadri, MD & CEO, noted consistent growth in targeted segments, focusing on quality asset acquisition in corporate lending, auto loans, and gold loans
Can banks increase FD interest rates as inflation crosses RBIs target of 4%?
Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small savings schemes also pressure banks to increase FD rates.
Citigroups Indian clients shift focus to Rupee volatility
The rupee has weakened about 11% against the dollar over the past year, the worst-performing Asian currency over the period
Quant Mid Cap Fund exits Reliance Industries and 3 others, adds BHEL, 1 other stock in June
Quant Mid Cap Fund exited Reliance Industries and three other stocks in June while adding BHEL and L&T Technology Services to its portfolio, according to ACE MF data. The fund sold 21.38 lakh RIL shares worth Rs 282 crore and also exited PB Fintech, Torrent Pharmaceuticals and Oracle Financial Services Software (OFSS) during the month.
ITAT overturns STCG tax on Gujarat house sale: When Kaminiben from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, which she had originally bought in 2005 for Rs 1.94 lakh, the tax dept issued her tax notices. However, as she was living abroad as an NRI at the time, she could not respond to them.
50 lakh to 1.4 crore: Heres how you can build more than 1 crore corpus by just extending your PPF
Gold price today: Gold prices remained a key focus for buyers on July 16, 2026. Checking the latest gold rates across leading jewellers can help you make an informed decision when buying gold. Here's a look at the latest 22-carat gold prices at Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers today.
SGB premature redemption exit date: This gold bond has turned Rs 1 lakh investment into Rs 4.18 lakh
The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026. The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors will receive this amount excluding the annual interest payments.
HDFC Flexi Cap among 7 mutual funds that multiplied investors' wealth up to 22x in 20 years
Seven equity mutual funds created exceptional long-term wealth, multiplying investors money up to 22.4 times over 20 years, led by Nippon India Growth Mid Cap Fund, according to FundsIndia.
JioBlackRock Mutual Fund files draft papers with Sebi for 2 new schemes
JioBlackRock Mutual Fund has filed draft documents with Sebi to launch two new schemes: the JioBlackRock Corporate Bond Fund and the JioBlackRock Nifty 50 ETF. The Corporate Bond Fund will predominantly invest in AA+ and above-rated corporate bonds, while the Nifty 50 ETF will passively track the Nifty 50 Index, expanding the fund house's passive and fixed-income offerings.
ITR 2026: Common income tax return filing mistakes that cost employees lakhs
A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensuring that all eligible deductions and benefits are correctly claimed. The Income Tax Return (ITR) filing due date for salaried individuals is July 31, 2026 if they are not liable for tax audit.
Blackstone sets up infra platform in India, names Ami Momaya as division MD
Blackstone has over $50 billion worth assets under management in India
Presumptive taxation: Why some taxpayers could pay more tax under the new Income Tax Act
Government support for FCNR(B) deposits until September 2026 has sparked renewed investor interest. Banks are now offering higher interest rates on these foreign currency accounts. Non-Resident Indians can benefit from avoiding Indian currency depreciation risks.
UPI credit line explained: How to pay now, settle later without a credit card
HDB Financial shares rise over 4% after record Q1 profit, brokerages lift target prices
HDFC Bank arm HDB Financial Services reported a net profit of 785 crore for the quarter ended June 30, 2026, a 38.3% y-o-y increase from 568 crore in the corresponding quarter last year
Stripe and Advent offer $53 billion to acquire PayPal
If completed, the deal would create one of the worlds largest digital payments companies, processing nearly $3.7 trillion in annual payment volume
ITR filing: Should you keep printouts of all your tax documents, or are digital copies enough?
Taxpayers must retain income tax documents for several years after filing returns. Digital copies are generally sufficient, but original physical records are vital for ownership. Documents depend on income sources, including salary, capital gains, and business income. Keeping records helps respond to tax notices and supports future tax calculations.
Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure Scheme
The CBDTs decision to upload foreign financial information into taxpayers annual information statements may be more than an administrative exercise. Read alongside the Finance Act, 2026, it appears to set the stage for the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026, and signals a new era of tax transparency.
Bank holiday today: Banks will be closed today, July 16, 2026, in few states today. These closures are to observe the Jagannath Rath Yatra and the Harela festival. The Rath Yatra involves parading deities on large wooden chariots through city streets. Harela is a festival celebrating the monsoon and the agricultural sowing season.
Unlike Gold ETFs, both physical gold and digital gold have longer required holding periods for realizing long-term gains. Additionally, Sovereign Gold Bonds will see changes in capital gains tax exemption starting April 2026. Tax implications for inherited or gifted gold depend on how and when the gold is sold.
Indias overall BoP turns into a deficit in the first two months of FY27
A BoP deficit can arise when a country imports more than it exports
IndusInd Bank integrates with the Employees Provident Fund Organisation
The integration enables organisations to select IndusInd Bank directly on the EPFO portal and complete their Provident Fund contributions, using the Banks Corporate Internet Banking and Mobile Banking applications
Regulated entities will have to implement data governance framework: RBI
Data has emerged as a critical organisational asset for REs, underpinning business operations, customer service, financial reporting, regulatory compliance, risk management, and strategic decision-making
HDFC Life Insurance Q1 up 11.5% at 611 crore on growth in net premium income
The private sector life insurer had registered a net profit of 548.35 crore in the first quarter last fiscal
ICICI Prudential Life Q1 net jumps 28% to 386.18 crore
New premium income grows 14.65% to 9,749.33 crore in Q1FY27
Union Bank of India Q1FY27 net profit up 30% at 5,332 crore
Bank eyes $1.5-2 billion via fresh Foreign Currency Non-Resident (Bank)/ FCNR (B) deposits under the RBIs concessional swap window
Momentum Investing Decoded: The Right Time to Buy Winners!
Biji SS assumes charge as Karnataka Bank ED
Appointment is for a period of three years with effect from July 15, 2026
TVS Venus Home Credit India acquires Varthana for 967 crore to deepen lending play
The acquisition marks Home Credits entry into education-focused lending
According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the ex-showroom price, which is the base retail cost excluding any kind of taxes, accessory charges etc.
Tata AIG, Ujjivan Small Finance Bank partner to widen insurance reach
Tata AIGs insurance portfolio will be available across Ujjivans 776 branches spanning 335 districts in 26 States and UTs
NFO Alert: Sunil Singhania-led Abakkus Mutual Fund launches large & midcap fund
Abakkus Mutual Fund has launched the Abakkus Large & Mid Cap Fund, an open-ended equity scheme that will invest predominantly in large-cap and mid-cap companies. The NFO is open until July 29 and aims to generate long-term capital appreciation through a research-driven investment approach.
7 mutual funds made complete exit from 14 smallcap stocks in June. Check details
Seven mutual funds fully exited 14 smallcap stocks in June, including Ramco Systems, Gland Pharma and JM Financial, as fund managers reshuffled portfolios to actively manage investments and rebalance holdings.
Mutual funds pour nearly Rs 500 crore across 6 IPOs in June. Check details
The Pradhan Mantri Kisan Samman Nidhi scheme offers farmers income support. Eligible farmers will likely receive the 24th installment in October 2026. Completing eKYC is mandatory for receiving these crucial scheme benefits.
RIL, HDFC Bank, SBI among JioBlackRock Mutual Fund's top 10 stock holdings in June
JioBlackRock Mutual Fund's equity portfolio was led by banking majors HDFC Bank and ICICI Bank in June, with Bharti Airtel, Reliance Industries, Larsen & Toubro and Infosys also featuring among its top holdings. The fund house, which managed assets worth Rs 16,614 crore at the end of the month, maintained a diversified portfolio across financials, telecom, technology, industrials and metals, according to Prime Database data.
Home loan interest column for self-occupied house is disabled in ITR utility? Know what to do while ITR filing for AY 2026-2027. The reason for this is under new tax regime, home loan interest tax deduction cannot be claimed but in old tax regime it can be claimed. So check your ITR for tax regime.
Japan to recognise cryptocurrency as financial assets
Move brings cryptocurrencies under stricter rules, including insider trading regulations and tougher penalties.
Andhra Pradesh offers a one-time option to switch to the Old Pension Scheme. This applies to employees recruited before September 1, 2004, who joined later. They must meet specific conditions to avail this benefit. This decision aligns with a similar move by the central government in March 2023. Employees not opting will continue under the Contributory Pension Scheme.
Billionbrains Garage Ventures Q1 profit jumps 94.3% to 735 cr, revenue rises 66%
Bengaluru-headquartered company had earned a PAT of 378.35 crore in the corresponding period last year
Gifts from specified relatives are fully exempt from income tax. Non-relative cash gifts exceeding fifty thousand rupees become taxable. Immovable property gifts are taxed based on stamp duty value. Specified movable assets received without consideration are also taxable. Taxpayers must report taxable gifts under 'Income from Other Sources'.
Gold Price Today: Gold prices saw an increase on July 15, 2026, as jewellers adjusted their rates. Tanishq and Malabar Gold & Diamonds reported higher prices for 22-carat gold. The India Bullion and Jewellers Association also provided indicative rates for various gold purities.
PFRDA introduces NPS PRIDE-Disha: Subscribers can track SIP returns, 5,000 days of NAV data and more
The PFRDA has launched NPS PRIDE-Disha, a new digital toolkit for subscribers. This tool allows comparisons of historical pension fund performance using SIP returns. It utilizes nearly 5,000 days of historical NAV data for analysis. Subscribers can now evaluate investment choices across asset classes effectively. The platform aids in making informed decisions about retirement wealth accumulation.
Mutual funds cut cash allocation by over Rs 4,500 crore in June to 19-month low
Mutual funds cut cash holdings by over Rs 4,563 crore to Rs 1.83 lakh crore in June, marking a 19-month low, as fund houses increased equity exposure amid a market rally. The move came as geopolitical tensions eased and crude oil prices declined. The Sensex and Nifty50 gained 2.98% and 2.06%, respectively, during June 2026.
10 bank transactions that can draw income tax attention even If you're not rich
Individuals filing income tax returns for FY 2025-26 will need interest certificates. These documents verify interest income and loan interest deductions for tax purposes. The article provides step-by-step instructions for downloading these certificates from ICICI, HDFC, SBI, and Axis Bank.
Employee with Rs 68 lakh salary donated Rs 12 lakh to political party for Section 80GGC tax break; ITAT Ahmedabad upholds tax dept's order denying such deduction. Know why this salaried employee lost the case in ITAT Ahmedabad. Keep reading.
Mutual funds have reduced their technology sector allocation to 5.9 per cent. This marks an all-time low, reflecting investor caution and profit booking. Experts suggest this decline may present a long-term buying opportunity for investors. However, near-term volatility is expected due to global spending concerns. Diversified equity funds are recommended over concentrated sector bets.
Looking after ageing parents? Compare elder care services, costs and key questions to ask
Best value funds to invest in July 2026
Value investing has dominated the Indian stock market recently, offering strong returns. Mutual funds following this strategy have outperformed growth-oriented funds significantly. Value investors seek stocks trading below their intrinsic worth for long-term gains. Patience is crucial as market discovery of these undervalued stocks can take time. Investors should limit value fund allocations to a maximum of twenty percent.
When correlations break, can dynamic multi-asset funds offer investors better outcomes?
Bhautik Ambani, CEO, AlphaGrep, explains why modern investing must take into account the limitations of predicting the market, and instead turn to a more agile adjustment of allocation and risk in response to shifts in markets.
Taxpayers can check income tax refund status online via the e-filing portal. Common statuses like 'Refund Issued' and 'Refund Failed' require specific actions. Delays often stem from incorrect bank details or unverified returns. Mismatches in AIS and Form 26AS can also cause processing issues. The department may adjust refunds against outstanding tax demands after intimation.
Mutual fund flows decoded: Why AMFI's monthly data matters for investors
Mutual fund flows show investor sentiment and money movement across categories. Consistent inflows suggest investor confidence, while outflows may signal caution. Equity fund inflows indicate more money allocated to stocks, but do not guarantee market rises. Fund flows help gauge market liquidity, not as direct buy or sell signals. Company fundamentals and other factors ultimately drive long-term investment returns.
Rupee breaches 96 to the dollar mark for the second time in two months
Fall came as US President intensified military operations against Iran, triggering a sharp rise in global crude oil prices
Governance overhaul: RBI to usher in principle-based framework for banks
To empower bank Boards to delegate routine matters to committees while retaining the ultimate accountability for business strategy, financial soundness and key personnel decisions
Q1 Results Today, 14th July 2026 Updates: Follow latest Q1 updates from businessline here
IRDAI mandates independent validation of insurers preparedness for implementing Ind AS
The requirement will apply inFY2026-27for insurers adopting Ind AS from that year and inFY2027-28for insurers that have been granted regulatory forbearance
Draft norms simplify approvals while tightening disclosures for mutual funds, insurers and pension funds
Non-Resident Indians can invest foreign earnings in Indian rupees through NRE fixed deposits. These deposits offer tax-exempt interest and free repatriation of funds abroad.
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.
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
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.
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.
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 RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulated entities. Customers can seek compensation up to thirty-three lakh rupees for losses.
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
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.
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.
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?
SCSS vs MIS Post Office: Which gives higher returns on a Rs 5 lakh investment?
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.
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.
Capitalmind Flexi Cap Fund completely exited 10 stocks, including Vedanta Power and Vedanta Iron and Steel, in June while adding seven new names such as JSW Steel, Apollo Hospitals Enterprise, and Zydus Lifesciences. The fund increased exposure to five stocks and made no reductions elsewhere. It held 35 stocks across 13 sectors at the end of June.
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.
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.
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.
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.
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.
