Rupee falls 2 paise to 94.97 against US dollar during early trade
The rupee traded in a narrow range and fell 2 paise to 94.97 against the US dollar in early trade on Wednesday, amid renewed US-Iran tensions, higher oil prices and rising Treasury yields. Forex traders said the RBI is keeping a tab on the rupee's fall as Brent crude prices have risen to USD 95 per barrel and dollar index is hovering around 99.70 on a bout of risk aversion on renewed US-Iran tensions. Moreover, market participants have raised the probability of a September Fed rate hike, pushing US Treasury yields higher and triggering a broad dollar rally. At the interbank foreign exchange market, the rupee opened at 94.97 against the US dollar, registering a fall of 2 paise from its previous close. On Tuesday, the rupee settled at 94.95 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.75, higher by 0.08 per cent. The dollar continues to benefit from its safe-haven status, while the su
ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme
The lender has also issued $3.63 billion in guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures
Finance Minister Nirmala Sitharaman meets IMF chief Georgieva
The global economic outlook and Indias growth trajectory figure in talks between the two
Top 10 mutual funds to invest in September 2026
Any search starting with the word 'best' or top is unlikely to offer you the best solution. You should always choose a scheme that matches your investment objective, horizon, and risk profile. If you do not understand the basic mutual fund concepts or are totally new to mutual funds and investing, you should always seek the help of a mutual fund advisor.
Holding mutual funds in SoA or demat: Which is better?
Mutual fund units can be held in Statement of Account or demat form. SoA mode offers simplicity for mutual fund-only investors avoiding extra charges. Demat mode suits those holding various securities and preferring consolidated management. Investors can switch between SoA and demat forms as needed. SWP and STP availability narrows the convenience gap between these modes.
IRDAI proposes Public Insurance Registry to create digital public infrastructure for insurance
The registry is proposed to address information and interoperability gaps by providing a consistent and authoritative view of insurance records, while allowing relevant information to remain with the respective source institutions
We are open to using homegrown AI models: Mahesh Ramamoorthy, Chief Information Officer at YES Bank
Ramamoorthy outlined how localised AI solutions could enhance operational efficiency and mitigate tech debt
Rupee at 2-month high on FCNR (B) deposit inflows, RBI intervention
The rupee is on a winning streak, locking in its third straight day of gains and outperforming its Asian peers, thanks to a stellar domestic growth numbers
Ujjivan SFB MD & CEO exit, Kotak succession race gains momentum amid banking sector leadership churn
Strong internal candidates are mostly going to be considered for these roles
Shriram Finance eyes lending to Japanese supplier ecosystem after MUFG investment
Executive V-C Umesh Revankar expects gold loans, new vehicle financing to drive the NBFCs next growth phase
UFBU calls for nationwide bank strike from Sept 11 over 5-day week, revised PLI scheme
The September 11 strike will be followed by a three-day strike from September 28 to September 30. If the grievances are not addressed, the Unions stated that they would proceed on an indefinite strike from October 26
InsuranceDekho, RenewBuy group announce merger
Together, the two platforms have already facilitated the issuance of over two crore insurance policies since inception as of March 31, 2026
LIC launches two new plans: LICs Bima Platinum and LICs Jeevan Raksha; Check details
New LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's Bima Platinum focuses on providing savings alongside financial protection, featuring guaranteed additions. On the other hand, Jeevan Raksha offers essential risk coverage for families facing unexpected death.
IRDAI proposes public insurance registry to boost transparency, reshape insurance service
The PIR is expected to reduce information gaps and foster greater competition, allowing insurers and other market participants to compete through innovative products, competitive pricing, better services and improved customer experience
Five small-cap mutual funds recorded Sharpe ratios above 0.75, indicating strong risk-adjusted performance. Bandhan Small Cap Fund led with a ratio of 1, followed by ITI, Invesco India, Mahindra Manulife and Bank of India Small Cap Fund.
September Bank Holidays 2026: Check full list of dates & closures
Bank branches will observe multiple closures in September, with the holiday schedule varying from state to state based on regional festivals and local observances
NPS subscribers will experience significant changes in pension fund categorization and presentation. A new framework standardizes scheme selection, offering five broad categories for subscribers. Lifecycle schemes will be sub-categorized, while MSF schemes will have five distinct equity exposure levels. The pension body also mandates a new procedure for comparing charges, returns, and risk. This initiative aims to enhance subscriber decision-making regarding their pension investments.
Mr Purshotam Ranchhodbhai Pankhania and his late wife living in London trusted their friend and gave him the POA to manage their India property; friend broke trust, grabs it and gifts the property to his son and daughter-in-law; Gujarat HC declares the gift deed void and gives owner relief. Know how Mr Purshotam Ranchhodbhai Pankhania won the case.
Reserve Bank of India appoints Suman Ray as Executive Director
In his new role, Suman Ray will look after Department of Deposit Insurance & Credit Guarantee Corporation and Premises Department
Salaried employees who want to opt for EPF scheme but could not due to issue with employer can now do so by October 31, 2026 if these conditions are satisfied. Read the article to know more.
Bank of India Credit Risk among top 5 mutual funds that beat fixed deposits in 1 year
Five debt mutual funds delivered higher one-year returns than conventional fixed deposits, led by Bank of India Credit Risk Fund with a 17.68% return. Aditya Birla Sun Life Credit Risk Fund, DSP Credit Risk Fund, Aditya Birla Sun Life Medium Term Plan and Bandhan Gilt Fund also featured among the top performers.
Bankers in the running for CEO job at HDFC Bank
While an internal candidate could ensure continuity, appointment of an external candidate would throw up cultural and integration challenges, an analyst said
8th Pay Commission news: The Department of Personnel and Training is advocating for revisions to the Terms of Reference for the 8th Pay Commission. Employee associations are urging the inclusion of pension revisions for those who retired before January 1, 2026. Historically, previous pay commissionsnamely the 7th, 6th, 5th, and 4thhave had their Terms of Reference modified by the government to address various concerns, including extended coverage and scope.
SBI Gold among 5 equity mutual funds that deliver over 25% CAGR in 3 years; top 4 cross 35%
HSBC Mutual Fund's RedHex Hybrid Long-Short Fund has impressively reached a whopping Rs 1,000 crore in assets under management within just two months. This unique investment strategy has drawn in nearly 1,950 individual investor folios, providing an innovative blend of fixed income, equity arbitrage, REITs, and INVITs aimed at optimizing risk-adjusted returns. The fund's rapid growth illustrates an increasing interest in diverse mutual fund options.
Today's gold rate: On September 1, 2026, gold prices dipped slightly in major Indian cities, with notable jewelry chains like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas maintaining stable rates for 22k gold. Furthermore, the India Bullion and Jewellers Association released updated pricing for numerous gold purities. Alongside, silver also observed a decrease compared to the previous day's close, reflecting current market trends.
Every equity mutual fund delivers positive XIRR on SIPs in 5 years. Did you exit too soon?
All 219 equity mutual funds delivered positive SIP XIRRs over the last five years, with 165 funds generating double-digit returns. HSBC Midcap Fund topped the list with a 22.70% XIRR, while ITI Small Cap Fund and Bandhan Small Cap Fund followed closely. The analysis highlights how disciplined SIP investing can compound wealth over time.
India preparing rollout of agentic payments on UPI
Protocol may debut next week at Mumbais Global Fintech Fest, sources say
NRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's important to note that any income generated from these gifted amounts will be taxable for the NRI donor. The HUF must diligently keep records of all transactions as this documentation is essential in proving the legitimacy and source of the gift, ensuring NRIs avoid potential tax disputes in the future.
Will I inherit my familys land in India if I become an NRI?
ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire foreign citizenship. Will I still be able to inherit my familys agricultural land, and are there any restrictions on holding, transferring, or disposing of such property after becoming a foreign citizen?
Frustrated with repeated water leakage issue in top floor flat homeowner requested building to appoint Dr Fixit and Asian paints to fix it; Karnataka RERA directs builder to permanently fix defects at its own cost. Read the article to know how the homebuyer partly won the case.
Central government employees may receive arrears from January 1, 2026, after the 7th Pay Commission's term ended on December 31, 2025. But the eventual arrears could depend on when the 8th Pay Commission is implemented.
A motor insurance claim was rejected by HDFC General Insurance over driver's license concerns. The West Bengal Consumer Commission found insufficient evidence of deliberate policy violation. The insurer was directed to pay Rs 3.5 lakh with interest and Rs 1 lakh compensation. The commission emphasized that a fake license does not automatically absolve insurers of liability. Policyholders must exercise reasonable care when hiring drivers for their vehicles.
The estimated dearness allowance for central government employees has soared to 64%, driven by the July 2026 AICPI-IW reading of 153.2. This index, compiled monthly by the Labour Bureau from retail price data across India, leads to a biannual revision of DA in January and June. Final details regarding the salary increase will be revealed following the government's official announcement.
Largecap mutual funds trail mid and smallcaps in 2026. Should investors change strategy?
Despite large-cap mutual funds showing a decline this year, mid and small-cap funds have proven to be winners. Experts advise investors to rebalance their portfolios by taking profits from the outperformers. Now is the time to reconsider allocations, as large caps provide better valuation and protective measures. Flexi-cap funds are suggested as a strategic option for a broader range of investors.
Best mutual fund SIP portfolios to invest in September 2026
ETMutualFundslaunched its recommended mutual fund portfolios to invest through SIPs in October 2016. Since then, we have been closely monitoring the schemes in these portfolios and coming up with updates on them regularly.
Metal stocks Q1 performance check: 4 beat estimates, 2 missed; Motilal Oswal breaks down the reason
Wife escaped income tax notice as she proved in ITAT that her husband entirely paid for their joint property which was sold for Rs 14 lakh less price than market value. Read the article to know why the wife won the case in ITAT Kolkata.
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
Banking system surplus liquidity surges to 5.05 lakh crore in August
Banks received additional rupee liquidity from foreign currency inflows and government expenditure, while the RBI continued absorbing excess funds
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
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.
Indian firms turn to longer-term debt amid strong demand as yield gap narrows
Four state-run companies have raised 12,000 crore ($1.26 billion) through bonds maturing in 10 years or more over the past four days
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
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.
Insta live: Subhash Chandra claims dues as personal guarantor resolved in insolvency case
Drawing a difference between borrowers and guarantors, Chandra said he has not borrowed any money himself.
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.
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
SBI Life Share Price Live Updates: SBI Life's Current Market Position
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.
Surge in dollar influx prompts Federal Reserve to reduce short-term rates
Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments.
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.
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.
Pregnancy clause that can derail your health claims
Without maternity cover, pregnancy-related complications arent covered, but disputes can arise over whether the exclusion extends to unrelated ailments.
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.
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.
F&O tax rules every derivatives trader should know
Understand F&O taxation, deductible expenses, loss set-off and carry-forward, and audit rules.
Is your work experience still an asset?
Know which side of the ledger your decade sits on, says Devashish Chakravarty.
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.
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.
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.
