32 C 
25% of my familys money is invested in India: Sanlam Investments CEO Carl Roothman
After wealth management and AMC, Sanlam is in talks to invest in Way2Wealth Brokers to expand its broking footprint in India
Mutual funds overseas assets jump 24% reducing net foreign liabilities: RBI
The UAE, US, UK and Singapore account for nearly half of all non-resident holdings in Indian mutual fund
Bank credit growth accelerates, deposits stay strong in June 2026
Credit growth was broad-based across sectors and borrower categories
HDFC Securities, Le Rythme train 100 youth in AI and cybersecurity
The four-month programme seeks to bridge the digital skills gap and help economically disadvantaged youth achieve financial independence and dignity
Fresh lending and deposit rates ease in July; MCLR inches up
The data also show that banks have begun to trim rates offered on fresh deposits
Kotak Mahindra Bank recommends two internal candidates for CEO, sources say
The bank has submitted the names of executive directors Anup Saha and Paritosh Kashyap to the Reserve Bank of India for approval
UPI reaches Uzbekistan; becomes 11th country to accept payment through platform
UPI is currently accepted in 10 countries -- Singapore, the United Arab Emirates, France, Mauritius, Nepal, Bhutan, Qatar, Sri Lanka, Cambodia and Greece
ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file return
ITR filing deadline: Taxpayers with business or profession income must file their returns today. This deadline applies to those using ITR-3 and ITR-4 forms. More than seven crore income tax returns have already been filed. Individuals and HUFs with presumptive business income use ITR-4. Partners of non-audit firms also have this August 31 filing requirement.
Dubai based homebuyers books two flats in Mumbai from Dubai office in Sheikh Zayed Road of Sion, Mumbai based builder; but builder delays possession; homebuyers cancels booking; MahaREAT orders Rs 1.33 crore interest compensation plus full refund. Read the article to know how the homebuyer won the case.
Bank holidays in September 2026: In September 2026, customers in different Indian states should anticipate bank closures for a variety of festivals. It's wise to consult the RBI holiday calendar for effective planning. Timely completion of essential banking tasks is critical, so proactive checks are recommended. Also, scheduled and non-scheduled banks will observe holidays on the second and fourth Saturdays, helping to prevent any last-minute banking challenges for customers.
8th Pay Commission news: Central government employees receive arrears on basic pay after pay commission implementation delays. Dearness allowance and house rent allowance are not typically paid as arrears. Transport allowance also does not accrue arrears due to its fixed nature. Estimates show significant arrears for Level 4-7 employees at various fitment factors. Actual arrears will be confirmed after the government officially notifies the new rates.
Filing ITR-3 for AY 2026-2027? Heres 7 aspects to look out for before filing it
The deadline to submit ITR-3 forms for non tax audit business income is set for August 31, 2026. For those requiring a tax audit, the submission date extends to October 31, 2026. Important updates for AY 2026-27 include new reporting obligations for specific non-residents under Section 44BBD, and taxpayers must disclose political party details to claim deductions under Section 80GGC.
Redeveloping your housing society? 5 checks before choosing a builder
Ageing housing societies can unlock significant value through redevelopment, but title, approvals, member rights, costs and delays need careful scrutiny first
How long will Rs 15,000 SIP and Rs 1 lakh lumpsum take to become Rs 3 crore? Check calculations
How long will it take to build a Rs 3 crore corpus with a Rs 15,000 monthly SIP? Using a 12% assumed annual return and a Rs 1 lakh lump-sum investment, the target could take around 25 years and 10 months to reach, according to the Value Research calculator.
Piramal Finance to raise 3,850 crore through QIP, promoter infusion
The fundraising drew strong interest from domestic mutual funds and global institutions, including BlackRock, Goldman Sachs Asset Management and Eastspring Investments
PhonePe launches UPI payment for feature phones without internet
PhonePe claims to have become the first major third-party application provider (TPAP) to extend UPI payment capabilities to an estimated more than 200 million feature phone users across the country
HDFC Bank CEO search: Lender looks to hire headhunter
New CEO is likely to be tasked with shoring up investor confidence at HDFC Bank, whose shares have fallen 28% this year
During an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and calls it unexplained cash; he wins case in ITAT Mumbai. Read the article to know how.
Around 19 equity mutual funds delivered over 20% returns on lumpsum investments over the last one year, according to an ETMutualFunds analysis. Small-cap funds dominated the list, with TRUSTMF Small Cap Fund topping the chart with a 33.73% return. Invesco India Smallcap Fund also featured among the top performers, delivering a 20.39% return during the period.
Groww AMC announces closure of State Street Investment Managements strategic investment
Groww AMC has completed State Street Investment Managements strategic investment after receiving all necessary regulatory approvals. State Street now holds a 4.85% voting interest and 23% economic interest in Groww AMC, with the partnership set to strengthen its capabilities across ETFs, indexing, systematic investing and global market access.
Gold rate today: Here is a look at the latest 22k gold rate from leading jewellery brands such as Tanishq, Malabar Gold & Diamonds, Joyalukkas and Kalyan Jewellers in Delhi, Mumbai, Chennai, Hyderabad, and Bengaluru. Also find the latest 14k, 18k, 20k, 22k and 24k indicative gold prices and the 999-purity silver price from the India Bullion and Jewellers Association (IBJA) today.
Transformers and Rectifiers shares rallied on Monday after the company secured a large order from MEIL for manufacturing transformers and related work. Valued at Rs 100 crore to Rs 500 crore, excluding GST, the order is scheduled for execution over 35 months and is expected to strengthen the companys order pipeline.
Gold, silver ETFs crash up to 8% as US Fed rate hike expectations climb. What should investors do?
Gold and silver ETFs fell sharply on Monday, with some funds declining up to 8% as precious metal prices extended their losses. Rising expectations of a US Fed rate hike, profit booking and a stronger dollar weighed on sentiment. Experts advised investors against panic selling and suggested rebalancing or staggered buying.
Financial changes from September 1: ITR, LPG e-KYC, fuel prices and more
From tax filing to LPG verification and fuel prices, these deadlines and changes could affect your household budget
Starting on October 1, 2026, new charges will be introduced for the National Pension System. All subscribers are required to pay a one-time onboarding fee of Rs 200 to register for PRAN. Additionally, active schemes will incur an annual fee of 0.20% of Assets Under Management (AUM). However, those opting for digital onboarding will benefit from a reduced charge of Rs 100.
Top 5 equity mutual funds gain over 10% in August, international funds dominate. Time to go global?
In August, multiple international equity mutual funds posted impressive returns surpassing ten percent, with the Nippon India Taiwan Equity Fund and DSP World Gold Mining Overseas Equity Omni FoF leading the pack. Analysts attribute these robust performances to fluctuations in overseas markets and currency values. It's essential to remember that a single month's performance may not signify an overarching trend.
Central government pensioners can commute up to 40% of basic pension as a lump sum at retirement. The commuted portion is then deducted from monthly pension and restored after 15 years. Several employee and pensioner organisations want this period reduced to 1012 years.
Smallcap profits surged 3x faster than largecaps? The risk investors cant ignore
Best dynamic bond funds to invest in August 2026
If you are planning to invest for three to five years, but dont want to take a call on interest rates, you can bet on dynamic bond funds
Coal India Share Price Live Updates: Coal India Current Market Performance
IndusInd Bank Share Price Live Updates: IndusInd Bank Stock Details
SBI Share Price Live Updates: SBI Stock Details
India boosts efforts to drain surplus cash as dollar flows swell
The latest move marks a shift towards larger and longer-tenor operations as the RBI seeks to absorb liquidity generated by its measures to attract foreign inflows to shore up the rupee
ITC Share Price Live Updates: ITC Stock Details
Augmont Enterprises shares to list today; 37% GMP signals strong debut
The Rs 825 crore IPO, priced at Rs 788 per share, comprised a fresh issue of 79 lakh shares worth Rs 620 crore and an offer for sale (OFS) of 26 lakh shares aggregating Rs 205 crore. Ahead of the public issue, the company had also raised Rs 246.30 crore from anchor investors.
Positive Breakout: These 6 stocks cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily timeframe, it is generally considered to be in an overall uptrend.
SWIFT system: How international money transfers work
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 116th part of this series, Riju Mehta explains how this system helps in overseas money transactions.
Portfolios with higher gold allocations lead in 2026
In this weeks TrendMap, ET Wealth compares seven asset baskets. Portfolios with gold have delivered a notable return boost in recent years, while those with no gold exposure have lagged. For better portfolio outcomes, investors should avoid being swayed by the performance of any single asset class. Experts recommend diversification through prudent asset allocation. What then is the best combination? The answer will vary, as every investors ideal asset allocation is different. By Sameer Bhardwaj.
Temporary teachers: Plan finances amid uncertainty
An uncertain and low income from a temporary teaching job in a college requires prudent handling of ones finances. Find out how to do it.
Is your work experience still an asset?
Know which side of the ledger your decade sits on, says Devashish Chakravarty.
F&O tax rules every derivatives trader should know
Understand F&O taxation, deductible expenses, loss set-off and carry-forward, and audit rules.
Lifecycle funds: Right match for your goals?
These target-date funds simplify goal-based investing and defer taxes, though the one-size-fits-all approach may not suit everyone.
Finance Act 2026: The updated returns refund trap
The Finance Act, 2026, has plugged a significant gap. Earlier, an updated return could not be filed if unaccounted income merely reduced a reported loss and the corrected return remained a loss return. The amendment now permits such loss reduction updated returns retrospectively from 1 March 2026.
Is a long-term fund an equity or debt fund?
Sebi's recent mutual fund category renaming has created potential investor confusion. Long Duration Funds are now Long Term Funds, which are debt-based. This change may mislead investors seeking equity for long-term goals. Fund houses must now align scheme names with modified category designations. The regulator aims to standardize names and reduce scheme duplication across the industry.
Buying a house in a big gated society? 4 key checks
Water shortages, elevator breakdowns and rising maintenance billsthe reality of what happens after you move into a mega gated society.
Subhash Chandra raises questions over HDFC claims; seeks reconciliation of 4,262 crore dues
Chandras statement came in response to social media posts over the weekend carrying hashtags such as #PaiseVapasKaro
Indian Bank to add 100 branches, increase headcount by 2,500 in FY27
Indian Bank had 6,003 domestic branches and three overseas ones - Singapore, Colombo and Jaffna - and an IFSC Banking Unit at Gandhinagar as of June 30, 2026
Exclusive-Indias HDFC Bank weighing deputy MD Bharucha, outsider for CEO, sources say
INDIA-HDFC-BANK-CEO:Exclusive-India's HDFC Bank weighing deputy MD Bharucha, outsider for CEO, sources say
Mutual fund NFOs: 3 new funds will open for subscription this week
Three new passive mutual funds are set to open for subscription this week, including two index funds and one ETF. UTI Mutual Fund will launch two BSE India Sector Leaders funds, while Navi Mutual Fund will introduce a Nifty REITs & Realty Index Fund. Investors should evaluate these new fund offers based on their risk appetite, investment horizon and financial goals.
HDFC Bank CEO search tests investor confidence, governance
The new CEO will have to assure investors that the banks governance systems are robust, with the focus squarely on growing the business at a time when peers are eager to gain ground
Equity mutual funds delivered up to 7% returns last week. Check top 10
Equity mutual funds posted mixed performance last week, with 426 of 621 funds delivering positive returns between August 24 and 29. Nippon India Taiwan Equity Fund topped the list with a 6.56% gain, while the other top performers, including international, healthcare, contra and momentum funds, delivered returns over 2.40%.
These 5 flexicap funds delivered up to 15% CAGR in 3 years. Do you own any?
These five flexicap mutual funds delivered strong returns over the past three years, with annualised returns ranging from 18.1% to 20.2%, according to ET Wealth data as of August 19, 2026. Bank of India Flexi Cap Fund topped the list with a 20.2% CAGR, followed closely by Motilal Oswal Flexi Cap Fund at 20.1%.
Jagdishan decides to not seek re-appointment as HDFC Bank Chief
The private lenders board decides to fast-track the process for selection and appointment of Mr. Jagdishans successor well within time
Chandra allowed to pay just 6.5 crore against admitted claims of 22,006.57 crore
India's HDFC Bank CEO not seeking reappointment, to retire in October
The bank informed the exchanges of CEO Jagdishans decision
Canara Bank, which held a 1.60% voting share, said it had voted against the repayment plan and will file an appeal before the National Company Law Appellate Tribunal
These 12 equity mutual funds turned a Rs 10,000 SIP into over Rs 11 crore
An ETMutualFunds analysis found 12 equity mutual funds that turned a Rs 10,000 monthly SIP into more than Rs 11 crore since inception, led by Nippon India Growth Mid Cap Fund.
Parag Parikh Liquid Fund among 5 low-cost mutual funds that delivered strong 6-month returns
Five mutual funds delivered strong six-month returns while maintaining relatively low expense ratios. Parag Parikh Liquid Fund was among the top performers, with a 3.34% return and 0.10% expense ratio.
Planning to invest for 3 years? Check these 6 equity mutual funds with over 25% gains
Six equity mutual funds delivered over 25% returns in three years. Here are the top performers, along with their AUM, expense ratios and ratings, according to MF Screener.
IDBI Bank stake sale: Employee forum flags hidden value in land, properties
Many properties may have been acquired decades ago at historical costs, while current commercial value in metropolitan and prime urban locations, could be substantially higher
JioBlackRock Mutual Fund to launch balanced advantage fund in September. Check dates and key details
JioBlackRock Mutual Fund will launch the JioBlackRock Balanced Advantage Fund in September, with the NFO open for subscription from September 11 to September 25. The fund will invest dynamically in equity and debt instruments. Here are the key details, including the NFO dates, asset allocation, benchmark, fund managers and risk level.
New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10 lakh, 25 lakh and 50 lakh CTC.
Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of regulations. Stricter rules apply to agricultural lands and farmhouses, particularly regarding their sale and repatriation. The method of repatriating sale proceeds varies based on the property's origin and classification.
Explained: Want to calculate the future value of your Rs 10,000 SIP? Heres the formula
A Rs 10,000 monthly SIP can grow into a sizeable corpus over time, but the final value depends on the investment duration and expected returns. Heres how investors can use the future value formula to estimate their SIP corpus at different return rates.
Revamping aged societies opens the door to fresh residential and commercial opportunities in Mumbai. Choosing between hiring a builder or embarking on self-redevelopment requires careful legal and technical assessments. The self-redevelopment route, supported by government initiatives, can be beneficial. Success relies on meticulous planning and strong consensus among members for the project to thrive.
ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.
FD rate up to 8.5% for senior citizens investing for five years; know the list of banks
For senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with a maximum limit of Rs 3 crore, are typically available for a five-year tenure. Importantly, if the interest earned exceeds Rs 1 lakh in a year, TDS is deducted.
Saturday bank holiday: August 2026 features significant celebrations such as Ker Puja and Independence Day that will influence bank schedules. To stay informed, customers are encouraged to refer to the RBI holiday calendar for detailed updates.
RBI to conduct VRRR auction for 6 lakh crore on Aug 31
This auction comes in the backdrop of the banking system being awash with liquidity
The Latest Fixed Deposit Interest Rates: Aug 28, 2026
The Latest Fixed Deposit Interest Rates: Aug 28, 2026
The Latest Home Loan Interest Rates: Aug 28, 2026
The Latest Home Loan Interest Rates: Aug 28, 2026
Lenders to turn cautious on personal guarantee after NCLT verdict in Chandras case
Poor recoveries may prompt tougher scrutiny of guarantor assets and repayment plans
RBL Bank gets 104-cr GST demand notice
Based on its assessment, including favourable orders received from the GST authorities on identical issue for FY19 and FY20, the bank believes that it has adequate grounds to contest the matter on merits
Black money case: ITAT quashes tax demand & penalty
Tax notice after death: Can legal heirs be asked to pay the dues?
A taxpayer's death does not end pending tax matters. Here is what heirs need to know about notices, returns, dues and inherited assets
Invesco India Pharma and Healthcare Fund NFO is open for subscription. 7 key details to know
Invesco India Mutual Fund has launched its Pharma and Healthcare Fund, open until September 1. The thematic scheme will invest across pharma, hospitals, diagnostics, CDMOs, medical devices and healthcare services, with a minimum investment of Rs 1,000.
As per RBI guidelines for on tap licensing of SFBs in the private sector, existing Payments Banks which are controlled by residents and have completed five years of operations are eligible for conversion into SFBs
Consistent performers: 49 equity mutual funds deliver over 15% CAGR in 3 and 5 years
Around 49 equity mutual funds delivered over 15% CAGR in both the last three and five years, according to an ETMutualFunds analysis. HSBC Midcap Fund topped the three-year return chart, while Motilal Oswal Midcap Fund led over five years. The analysis excluded sectoral and thematic funds and covered regular growth options.
HDFC Bank, Federal Bank hike FD rates: Senior citizens can earn up to 7.20%
HDFC Bank has raised its senior citizen FD rate to 7.10%, while Federal Bank now offers up to 7.20% on select tenures
Karnataka Bank launches Capital Gains Account Scheme
Karnataka Bank has launched the Capital Gains Account Scheme (CGAS), offering customers a convenient and compliant banking solution to deposit unutilized capital gains while planning eligible reinvestments under the provisions of the Income-tax Act.
Indian Bank targets 1,500 crore treasury income in FY27
The PSU lender expects treasury income of Rs 1,000-1,500 crore this financial year after first-quarter earnings of Rs 500 crore beat its Rs 300 crore estimate.
Alpha Wave Global exits Aye Finance with 322-crore block deal
The transactions were executed on Thursday at prices ranging from 168.02 to 168.19 apiece, according to data on the BSE.
SoftBank seeks another $10 billion loan for OpenAI stake funding
The loan would contribute to SoftBanks recent debt financing related to its investment in OpenAI, including a potential $20 billion bond sale, amid rising credit risks in the AI sector
Looking for top-performing smallcap mutual funds? These 5 delivered over 20% returns in 3 years
Five smallcap mutual funds delivered over 20% annualised returns in the last three years.
Raghuram Rajan urges Fed to raise rates, says rupee is not in panic zone
Rajans comments come as investors await Kevin Warshs Jackson Hole speech for clues on the Federal Reserves policy direction and rate outlook
PPFAS Mutual Fund announces feature changes across 5 funds, including flexicap, largecap
PPFAS Mutual Fund has announced feature and nomenclature changes across its schemes, including its flexi-cap, large-cap, ELSS, arbitrage and conservative hybrid funds. The changes, effective August 26, revise investment allocations and scheme nomenclature across the fund houses offerings.
Your first 1 lakh shouldn't go into stocks: Build this safety net first
SIP, insurance, emergency fund: The money checklist every salaried Indian needs
Rupee declines 10 paise to 95.55 against US dollar during early trade
The rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. The rupee pared initial gains and settled for the day lower by 1 paise at 95.45 against the US dollar on Thursday. The rupee is expected to be in a narrow range of 95.40 to 95.60 (on Friday) with the Reserve Bank of India (RBI) protecting the upper end, while the lower end is bought by oil importers, month-end demand and importers, Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said. Forex traders further said market participants will closely monitor US
