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RBI okays LICs applicationto acquire up to 9.99% stake in ICICIBank
RBI approval lets insurer buy up to 9.99% within twelve months officially.
CBI books Essel Group chairman Subhash Chandra in LIC Housing Finance 1,322-cr fraud case
The CBI took action based on a complaint it received from the LICHFL on August 31, accusing Chandra and others of indulging in cheating, criminal conspiracy, and criminal breach of trust to defraud loans
Highest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESAF, and Suryoday Small Finance Banks provide 8.50% interest. Public sector banks like Bank of India offer competitive rates on specific tenures.
8th CPC: Can Level 7 employees get Rs 58K pension?
CBI books Subhash Chandra for allegedly inflating net worth to secure nearly 1,000 crore in loans
The complaint alleges two loan facilities later went into default, while proceedings under the Insolvency and Bankruptcy Code brought his claims under scrutiny
Edelweiss MFs Altiva Equity Long Short Fund to launch September 10, Radhika Gupta explains strategy
Edelweiss Mutual Fund will launch Altiva Equity Long Short Fund on September 10, targeting consistent large-cap alpha through derivatives. The strategy seeks Nifty 100 outperformance, lower drawdowns and steadier returns, while potentially sacrificing some gains during sharp market rallies.
LIC gets RBI approval to acquire up to 9.99% stake in ICICI Bank
The approval comes amid LICs recent expansion of its potential holdings in major private lenders, including HDFC Bank.
HSBC Midcap among 5 midcap funds that delivered over 21% CAGR in 3 years. Do you own any?
Five midcap mutual funds delivered over 21% annualised returns in three years, led by HSBC Midcap at 25.1%. Invesco India, ICICI Prudential, WhiteOak Capital and Edelweiss Mid Cap also featured among top performers.
Stocks struggle, but these multi-asset funds score big: Whats driving returns?
Multi-asset allocation funds have outperformed the Nifty over one and three years, helped by strong gold, REIT and InvIT returns. Their diversified portfolios provide flexibility across equities, fixed income, precious metals and alternatives, with Quant, Nippon India, WhiteOak, ABSL and UTI among top three-year performers.
Gold rate today: Consumers are encouraged to verify purity and any additional fees prior to purchasing. The Indian Bullion & Jewellers Association also offers guidance on indicative rates for assorted gold and silver purities.
Vikas Khemanis Carnelian Asset Management files draft document with Sebi for its first fund
Carnelian Asset Management has filed documents with Sebi to launch its first liquid mutual fund, targeting short-term investors seeking high liquidity and low-to-moderate risk. The open-ended scheme will invest in debt and money-market instruments maturing within 91 days, expanding Carnelians offerings to retail investors.
Explained: Looking to start a mutual fund SIP? Know the different types and which one suits you
SIPs offer disciplined mutual fund investing, with options tailored to different goals, income patterns and market conditions. Regular, top-up, goal-based, step-up, flex, perpetual, trigger and multi-SIPs provide varying levels of flexibility, automation and diversification. Choosing the right type depends on financial goals, cash flow, risk appetite, investment horizon and market knowledge.
The EPFO has now made it possible for users to generate and activate their UAN directly via the UMANG app. This innovative approach incorporates Aadhaar-based facial recognition, streamlining access to essential EPFO services. After activating their UAN, employees can easily check their EPF balance and download passbooks.
Parag Parikh Flexi Cap, HDFC Flexi Cap among 8 flexicap funds with consistent performance in 5 years
Eight flexicap funds delivered consistent five-year performance, with varying risk levels, investment styles and returns. HDFC Flexi Cap led consistency at 91%, while several peers combined strong returns with acceptable or higher risk profiles.
As per the sale agreement, the villa measured 5069 square feet, but the builder delivered a 3900 square feet villa and said 30% of the area is open space; Telangana RERA slaps a Rs 98 lakh penalty on the builder and orders a Rs 20 lakh refund for the villa buyer. Laxmi Narayana Jannu and K. Srinivasa Rao, esteemed members of the Telangana RERA gave this judgement.
The Reserve Bank of India has announced the premature redemption terms for the SGB 2021-22 Series VI gold bond. Investors can redeem this series starting September 7, 2026, with the redemption value calculated from the average gold prices over the last three business days.
Want Rs 1 crore retirement corpus by 50? Monthly SIP you need to make at 30, 35 and 40 years of age
To amass a retirement corpus of Rs 1 crore by the age of fifty, meticulous financial planning is essential. For those starting their investment journey at thirty, a monthly SIP of Rs 10,875 is crucial. If you begin at thirty-five, the amount needed increases to Rs 21,020 per month, and forty-year-olds will require a hefty Rs 46,640 monthly.
Bengaluru land owner was asked to give up 656 sq m land for road widening work; Corporation withheld OC because of this issue; Owner took the matter to Karnataka High Court and won the case
Scheduled and non-scheduled banks typically close on the second and fourth Saturdays, digital banking services will remain active even on holidays. Furthermore, various regional holidays in September will affect physical branch availability, but customers can continue to perform transactions via internet and SMS banking.
NFRA forms nine-member panel on audit quality, assurance and technology
The panel brings together experts from professional, regulatory, technology and industry backgrounds to advise the audit oversight authority on emerging challenges
80% of FCNR (B) inflows came via the leverage route
Leverage Bets: Five-year deposits dominate; Average leverage is 9 times
RBI to conduct 30-day VRRR auction on Sept 7to suck out 7 lakh cr surplus with banks
This comes in the backdrop of the banking system being awash with liquidity
Sundaram Home Finance to expand emerging business segment in TN
Planning to open over 10 branches in small towns in TN under this segment
The Latest Fixed Deposit Interest Rates: Sep 04, 2026
The Latest Fixed Deposit Interest Rates: Sep 04, 2026
The Latest Home Loan Interest Rates: Sep 04, 2026
The Latest Home Loan Interest Rates: Sep 04, 2026
Axis Bank, Scapia launch no-fee travel credit card
Offers zero foreign exchange markup, airport privileges, and rewards on both travel and everyday spending
Air India has teamed up with IHG Hotels & Resorts, providing an exciting opportunity for Maharaja Club members to earn points during IHG stays globally. Moreover, IHG One Rewards members can seamlessly convert their points into Maharaja points.
Star Health settles 17 lakh+ claims worth 5,800 crore in Keralam
In Q1FY27, the company recorded GWP of 518 crore in the State and covered 5.3 lakh+ lives, with over 99% of its portfolio comprising retail health
A weak start does not necessarily mean an SIP will deliver poor long-term returns. A 20-year analysis by ShareMarket by PhonePe shows that most five-year SIPs recovered from weak or negative returns in the first two years, with nearly 69% eventually delivering double-digit annualised returns. The data also highlights how extending the investment horizon to seven or 10 years can significantly reduce loss risk and improve return consistency, underscoring the importance of patience and compounding in equity SIPs.
HDFC Bank, Ujjivan SFB start CEO search amid leadership changes in private banks
Kotak Mahindra Bank and Fino Payments Bank are reportedly at the advanced stage of appointment process
Moving abroad? Know what happens to your NPS account after you become an NRI
Non-Resident Indians are permitted to maintain their National Pension System contributions from abroad. To remain involved, they must utilize NRE or NRO accounts for their investments. NRIs can select either active or auto allocation strategies aligned with their individual risk preferences.
Top 8 equity mutual funds deliver over 40% returns on SIP investments in 1 year. Do you own any?
The top eight equity mutual funds delivered over 40% returns on SIP investments in the last one year, with seven smallcap funds and one focused fund making the cut. Bank of India Small Cap Fund topped the list with a 49.99% return, while 247 of the 293 equity funds analysed delivered positive SIP returns during the period.
SBI Small Cap, Kotak Small Cap among 8 small-cap funds that lacked consistency over 5 years
Eight small-cap funds recorded low performance consistency over the past five years, with scores ranging from 20% to 46%, according to the CRI Mutual Fund Scorecard for the quarter ended June 2026. LIC MF Small Cap Fund had the highest consistency score at 46%, while Kotak Small Cap Fund ranked lowest at 20%.
How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero forex markup on international transactions? This new co-branded credit card offers unlimited domestic lounge access, complimentary dining, among a host of other benefits, and most importantly, it is a lifetime free offering.
Will you get EPF interest till 58 years of age if you leave job at 40? EPFO explains
Even if you've left your job, your EPF interest keeps accumulating until you turn 58. However, if you dont contribute for three years, your account will be inactive. Its usually a smart move to transfer your EPF balance to your new employer. Additionally, the VISHWAS, 2026 scheme provides businesses with a one-time settlement option to ease long-standing disputes and reduce penalties.
Abrupt CEO successions in private banks test focus on strategy
The recent unexpected exits of CEOs from two of the largest private sector banks, HDFC and Kotak Mahindra Bank is set to test that confidence, even as those lenders boast of strong balance sheets, with bad loans near multi-year lows and capital levels robust, analysts say.
Should young professionals buy health insurance beyond their employer cover?
Employer health insurance offers peace of mind, but what happens when you change jobs? This article explores the benefits of securing your own health cover in your 20s, even with existing employer protection. Discover how buying early can lead to lower premiums, faster waiting period completion, and long-term financial advantages, ensuring your health security.
Can you stop NPS contributions for a few years? Know the impact before you take a break
Experiencing a financial setback? Halting NPS contributions may appear to be the only option, but have you considered the long-term consequences for your retirement fund? Delve into the longevity of your existing investments, what the minimum contribution requirements are, and how taking a break can influence your tax advantages.
Gold prices experienced a notable rise today among prominent Indian jewellery retailers, including Tanishq, Malabar Gold & Diamonds, and Joyalukkas, who all reported an increased rate for 22k gold at Rs 14,360 per gram.
Your work experience is an asset: 6 ways to make it boost your career and income
DA hike 2026: DA may reach 64%; check how much your monthly pay could rise
Employee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know how. This judgement was given by Keshav Dubey, a judicial member and Waseem Ahmed, an accountant member of ITAT Bangalore
Criminals deposited Rs 15 lakh in senior citizens bank a/c; police wants to question him; HC grants anticipatory bail and observes mere deposit of crime money in a/c insufficient to conclude he was knowingly involved in the crime
Bengali Hindulandlord earns Rs 1.89 crore rental income in Delhi, reports it in his HUFsITR; Income Tax dept rejects it on the ground that Dayabhaga Hindu cant have an HUF, landlord wins case in ITAT Delhi
IDBI Bank stake sale: Bank officers body seeks urgent mid-course correction
All-India Bank Officers Association (AIBOA) alleges valuation mismatches, inadequate transparency, and possible implications for minority shareholders in proposed deal
Gamer invested Rs 2.61 crore to play online Rummy, poker games; loses net Rs 28 lakh, stops playing, files ITR reporting Rs 4 lakh income; gets tax notice; he wins case in ITAT Bangalore. Waseem Ahmed, the Accountant Member, and Soundararajan K., the Judicial Member of ITAT Bangalore heard this case.
REC set to debut tokenised corporate bond sale next week, bankers say
Tokenised bonds are securities whose ownership, issuance, trading and settlement are recorded digitally on a blockchain or distributed ledger
JSW Steel Share Price Live Updates: JSW Steel Trading Insights
HSBC Midcap Fund achieved a remarkable 24% return over three years. A Rs 10,000 monthly SIP grew to over Rs 2 crore since inception. The fund manager emphasizes bottom-up stock selection and long-term growth potential. Experts attribute recent outperformance to strong stock picking within key sectors. Investors are advised to focus on long-term strategy and portfolio suitability.
Best mid cap mutual funds to invest in September 2026
Mid cap schemes invest in mid cap stocks or in stocks of medium-sized companies. As per Sebi norms, the mid cap mutual funds are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. Thats what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Idle money in your bank account? Your bank balance could be losing value; heres how to fix it
HDFC Bank Share Price Live Updates: HDFC Bank's Price Breakout Signals Strong Market Movement
8th Pay Commission: Can Level 5 employees get up to Rs 15,800/month extra HRA under 8th CPC?
Employee associations are advocating for increased House Rent Allowance (HRA) rates for central government employees, aiming to tackle escalating rental prices in metropolitan areas. These suggestions have been forwarded to the 8th Pay Commission for evaluation. If accepted, Level 1-5 employees could see considerable boosts in their monthly HRA. The definitive report from the 8th Pay Commission will ultimately decide the revised HRA rates.
Income Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fights and wins case in ITAT Mumbai. This judgement was delivered by Challa Nagendra Prasad, the Judicial Member, and Makarand Vasant Mahadeokar, the Accountant Member of ITAT Mumbai.
ITC Share Price Live Updates: ITC's Current Trading Status
Axis Bank Share Price Live Updates: Axis Bank Market Snapshot
Adani Ent Share Price Live Updates: Adani Enterprises Current Trading Price
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Stock Details
Hindalco Share Price Live Updates: Hindalco's Financial Snapshot
Cipla Share Price Live Updates: Cipla's Financial Snapshot
IndusInd Bank Share Price Live Updates: IndusInd Bank Current Trading Status
RIL Share Price Live Updates: RIL's Price Movement Today
UPL Share Price Live Updates: UPL Stock Details
SBI Life Share Price Live Updates: SBI Life's Stock Breaks Through Resistance
BPCL Share Price Live Updates: BPCL's Stock Performance Overview
Jio Financial Services Share Price Live Updates: Jio Financial Services Price Movement Analysis
Bank holidays in India vary from state to state as they are based on local festivals and occasions. All scheduled and non-scheduled banks will observe public holidays on the second and fourth Saturdays along with Sundays and other regional holidays.
The Taxation and Other Laws (Amendment) Act, 2026 addresses existing dividend tax discrepancies for unitholders by granting unconditional exemptions. Despite this, the established withholding tax regulations for BTs have not been modified, leading to possible inconsistencies. Non-resident investors may need to submit tax returns to retrieve withheld taxes, highlighting the need for a future alignment of withholding practices with the new exemption framework.
Sebi plans net settlement for mutual fund trades in cash market
Sebi proposed allowing net fund settlement for mutual fund cash market trades. This move aims to ease temporary liquidity pressures and improve settlement efficiency. Mutual funds can now net purchase and sale funds within the same settlement cycle. Securities settlement will continue on a gross, delivery basis under the new proposal. This change addresses market participant feedback regarding liquidity and operational inefficiencies.
US 30-year mortgage rate climbs to 6.71%, highest since July 2025
Higher borrowing costs are adding to affordability pressures for US households, while recent inflation data could influence the Federal Reserves September decision.
Viyona Fintechs UPI Switch goes live at Bharat Cooperative Bank
The deployment moves Hyderabad-based Viyona Fintechs UPI technology beyond development and certification into a live banking environment.
9.70 lakh cr liquidity surplus due to FCNR(B) deposits: RBI officials
Now, the central bank is weighing how best to sterilise this liquidity.
Buoyed by FCNR(B) deposit inflows, rupee perks up to a two-and-a-half month high
INR opened 67 paise stronger at 94.30 per USD, and closed at 94.48 per USD, up 49 paise over the previous close of 94.97
CCI finds benchmark fee fixing by trustees association, others
The findings followed an examination of meeting minutes and email exchanges involving the Trustees Association of India and other trusteeship companies
PayPal cuts roughly 220 jobs in India as part of turnaround plan
PayPal is targeting $400 million in cost savings by year-end and at least $1.5 billion over the next two to three years
Growth must never come at the cost of underwriting standards: RBI Dy Guv Murmu tells NBFCs
Lenders need rigorous stress testing, early-warning systems and dynamic provisioning, while AI and machine learning tools should be used more to detect early signs of borrower stress, he said
PFRDA proposes 10 key changes to PoP rules: What NPS subscribers need to know
The PFRDA has unveiled ten significant proposals aimed at reforming its Points of Presence rules to enhance the pension service landscape. These updates intend to streamline the onboarding process for subscribers while introducing fresh eligibility standards to include a wider range of entities as Points of Presence. Additionally, an annual fee structure will be implemented, and pension agents will receive a new designation.
Sebi proposes net fund settlement for mutual fund cash-market trades
Sebi has proposed allowing mutual fund schemes to settle cash-market fund obligations on a net basis for eligible outright transactions. The move could ease temporary liquidity pressures and reduce funding needs, particularly during index rebalancing or large inflows and outflows. Securities will continue to be settled on a gross delivery basis.
PC Jeweller clears debt to one more bank, nears debt-free status
The company has now repaid all outstanding debt to 9 of the 14 consortium banks, with every repayment completed ahead of the scheduled due dates
EPF vs NPS: Rs 10,000/monthly investment in each; where you may get a higher retirement corpus?
The National Pension System (NPS) and the Employee Provident Fund (EPF) both serve unique purposes for retirement planning. The ultimate financial growth from these investments significantly relies on future market performance, allowing both options to potentially build substantial wealth over time.
Beyond Stocks and Bonds: Rethinking wealth creation with alternative assets
ET Alpha Summit 2.0 will bring together leading investment voices to explore how niche alternative assets could shape the next phase of multi-generational wealth creation. The masterclass will examine emerging opportunities, onshoring trends and structural shifts, while weighing return potential against risk, complexity and liquidity.
Five equity mutual funds delivered over 20% annualised SIP returns over the past 10 years. Quant Small Cap led with 24.7%, followed by Nippon India Small Cap at 21.6%, while three midcap funds also crossed the 20% mark.
Jindal Worldwide shares jump 20% to hit upper circuit, up 66% in 2026; check whats driving the rally
Jindal Worldwide shares hit a 52-week high and upper circuit after subsidiary Jindal Mobilitric announced plans to expand its retail network to around 100 showrooms by FY28. The EV expansion has driven strong investor interest, with shares gaining 66.28% year-to-date.
RBI rejects all bids in 30,000-crore bond buyback auction
Investors offered bonds worth just 10% of the amount New Delhi sought to repurchase, with traders attributing the weak response to ample banking liquidity.
India stalls Alipay+ payments link with UPI over national security, data concerns
Foreign ministry cited political grounds as the reason to stall the proposal, sources said, adding that there was no clear path to clearing the hurdles that stand in its way.
A husband and a wife bought a flat jointly for Rs 60 lakh, however, the stamp duty value stood at Rs 94.8 lakh, leading to a difference of Rs 34.8 lakh. The amont was added to the husband's income alone by the tax office, despite him having a lower ownership in the property. ITAT Mumbai has delivered a ruling which could have significant takeaways for property owners.
Banks commit 24,000 crore to Aditya Birla Group for Shell renewables acquisition
The proposed financing comes as Indian banks compete for large corporate deals following a regulatory shift allowing acquisition funding.
NRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriation abroad is restricted and subject to FEMA and banking rules, typically requiring crediting to an NRO account first. Understand the nuances before naming an NRI nominee.
Wife accused husband of not providing basic needs and maintenance for their 16-year-old son while he was working abroad. She had initially filed a complaint with the Judicial Magistrate first class in Changanacherry. The husband won the case in Kerala High Court. Read the article to know how.
Choosing the right mutual fund requires more than simply picking schemes with strong past returns. ETMutualFunds has shortlisted 10 funds across five equity categories based on mean rolling returns, consistency, downside risk, outperformance and asset size, while considering investors goals, investment horizon and risk profile.
