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Nuvoco Vistas turns profitable as Ebitda jumps 50% in Q3
Nuvoco Vistas Corp reported a consolidated net profit of Rs 49.37 crore in the December quarter, a significant turnaround from a year-earlier loss. This improvement was driven by a 50% surge in Ebitda to Rs 386 crore, alongside a 12% rise in revenue to Rs 2,701 crore.
HDFC Life Q3 net up 1.4% at 420.73 crore on 98-crore impact of new labour code
Net premium income in Q3 up 8.77% at 18,242.39 crore
Jio Finance Q3 consolidated PAT down marginally on higher expenses
JFSs total income grew to 901 crore in Q3FY26, from 449 crore a year ago
Driving without third-party motor insurance in India carries severe penalties. This mandatory cover protects accident victims financially. Penalties include hefty fines, potential imprisonment, and license suspension. Read on to know the penalties for not having it, costs for two-wheelers and four-wheelers, available discounts, and more.
The Supreme Court ruled that a widowed daughter-in-law is a dependant entitled to maintenance from her deceased father-in-law's estate under Section 21(vii). Denying maintenance payment on technical grounds violates her right to live with dignity. The court also emphasised the pious obligation of the father-in-law to support her if she cannot maintain herself.
Sovereign gold bond: Investors in Sovereign Gold Bonds 2019-20 Series-II can redeem their holdings from January 16, 2026. The Reserve Bank of India has set the premature redemption price at Rs 14,092 per unit. This price is based on the average gold price over three preceding working days.
SBI Mutual Fund: ITC, RIL, Infosys among top 10 stock holdings in December
SBI Mutual Fund, Indias largest by AUM, held Rs 12.74 lakh crore in December 2025. Its top holdings were led by HDFC Bank, Reliance Industries and ICICI Bank, with marginal monthly weight changes across major banking, telecom and industrial stocks.
South Indian Bank Q3 profit rises 9.3% to 374 crore
Total income increased to 3,003 crore, while operating profit rose to R584 crore
Indian retirement schemes are not fully tax-exempt as commonly believed. Contribution and growth limits mean many salaried individuals face multiple taxes on their savings. Outdated exemption thresholds penalize middle-income earners. This disconnect between policy and economic reality discourages long-term investing. Will Budget 2026 help?
A new health insurance plan, Paripoorna Mediclaim Ayush Bima, has been introduced for CGHS beneficiaries, expanding medical coverage with cashless treatment and a wide hospital network. The optional plan offers sum insured options of Rs 10 lakh or Rs 20 lakh, with AYUSH treatments covered 100% and modern treatments at 25% or 100% with a rider.
How to register a will in India: Complete process, costs, and legal safeguards explained
Under the Indian Succession Act, 1925, both registered and unregistered wills are legally acceptable as long as they if are properly written drafted and signed. However that said, registering a will adds an extra layer of security and reduces future legal battles. Read on to find out what to know before registering your will.
HDFC Flexi Cap Fund adds Eternal; trims stakes in Swiggy & 3 others in Dec
HDFC Flexi Cap Fund, a leading fund, added Eternal to its portfolio in December while reducing holdings in Swiggy and three other firms. The fund also boosted its stake in Infosys. Its portfolio now spans 51 stocks across 21 sectors, with a significant allocation to banks.
Salary Account for central govt employees: Central government employees can now open a new Composite Salary Account. This package provides zero-balance accounts, concessional loan rates, and significant insurance covers.
The Supreme Court has reinstated a hotel cashier wrongly dismissed. The court ruled his 'manager' title was a mere formality. His actual duties were not supervisory. He will receive his job back with full back wages. This landmark decision emphasizes the dominant nature of work over job titles in labour law.
A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian property, as ignorance of tax laws was deemed an insufficient reason for the delay.
A Canadian citizen of Indian origin lost his plea in the Delhi High Court to condone the delay in filing his income tax return. He failed to claim TDS deducted on the sale of his Rs 2 crore Indian property, as ignorance of tax laws was deemed an insufficient reason for the delay.
ET Wealth Reader's Query: I sold shares worth Rs.5 lakh (long-term) and redeemed mutual funds worth Rs.24 lakh, largely long-term. Unfortunately, I invested the entire amount through a bogus trading portal and lost all the money. Will there still be any tax implications on these gains?
Tenant cant tell landlord which property to use: Supreme Court restores eviction order
The Supreme Court has ruled that tenants cannot dictate alternative premises (property) to a landlord. Thus the Supreme Court upheld a landlord's bona fide need for eviction. The apex court restored an eviction order for a Mumbai property, emphasizing that a tenant cannot dictate the suitability of accommodation or business location. The tenant has until June 30, 2026, to vacate.
Parag Parikh Flexi Cap Fund: ITC and Infosys among stocks bought and sold in December
ESOP tax rules trap expatriates and returning Indians; why Budget 2026 should bring clarity on this
Budget 2026 needs to fix stock option tax confusion for cross-border employees. Current rules create hardship for expatriates and returning Indians. Experts urge clear guidelines for taxing Employee Stock Option Plans earned across different countries. This will reduce disputes and improve compliance for mobile workers. The government aims for tax certainty and ease of doing business.
9 Buy Now, Pay Later mistakes we make that can damage our credit score
NFRA seeks AI tools to improve financial reporting quality
The initiative aims to generate explainable compliance reports, risk analytics and AI-driven insights for regulators
Silver ETFs rally up to 188% in 1 year. Should investors stay invested or book gains?
Silver ETFs have surged up to 188% over the past year on strong industrial demand and supply constraints. While experts remain constructive on the long term outlook, they advise profit booking, portfolio rebalancing and staggered investments amid elevated volatility.
Best aggressive hybrid mutual funds to invest in January 2026
If you are bothered about the uncertainties and volatility in the market, you can consider investing in aggressive hybrid mutual funds. Mutual fund advisors typically recommend aggressive hybrid fund schemes to conservative equity investors to create wealth to achieve their long-term financial goals.
The Madhya Pradesh High Court ruled that Aadhaar and voter IDs are not conclusive proof of date of birth in service law. The court reinstated Pramila as Anganwadi Sahayika, quashing the reinstatement of Hirlibai based on these documents and ordering recovery of Hirlibai's salary.
Even with inherited property and bank balance, wife entitled to maintenance in this case: Delhi HC
The Delhi High Court ruled that inherited properties and gifts to a wife cannot be considered her income to deny maintenance. Even with assets and qualifications, a wife is entitled to support if her actual income doesn't match her marital lifestyle. The court upheld a Rs 50,000 monthly interim maintenance order for the wife.
Bank holiday today 2026: Banks in some states are closed today, January 15, 2026, for Makar Sankranti and related festivals. In Maharashtra, banks are also shut due to municipal corporation elections. These closures will affect various banking services across the affected states.
Large deal wins power Infosys Q3 performance; labour code impact weighs on margins
Infosys secured significant large deals in the December quarter, exceeding revenue expectations. A one-time impact from labor code changes affected profits. The company also increased its FY26 revenue growth forecast. This follows positive results from peers like TCS and HCL Tech. Clients are adopting new AI technology platforms. Infosys saw its headcount rise and attrition rates fall.
ET Market Watch: Why markets fell today - Tariff fears, FII selling hit Sensex, Nifty
Shareholders approve Shriram Finances MUFG deal proposal
Under the terms of the deal signed last month, MUFG will acquire 20 per cent stake in Shriram Finance for $4.4 billion
RBI recognises FEDAI as an SRO
FEDAI has been given one year to bring its functioning and governance framework in line with the Omnibus SRO framework
RBI grants in-principle approval to SMBC to set up a wholly-owned subsidiary in India
The decision comes after SMBC pciked up 24 per cent stake in YES Bank last year.
HDB Financial Q3 PAT up 36% on strong core income growth
HDB Financials gross loan book rose 12 per cent on-year to Rs 1.14 lakh crore as on December-end
Earnings preview: HDFC Bank likely to post modest earnings growth in Q3
HDFC Banks overall advances and deposits rose 12 per cent y-o-y each to 28.45 lakh crore and 28.59 lakh crore, respectively, as on December end
IOB Q3 profit up 56% y-o-y on credit growth, tax regime change
Robust credit growth and shift to new tax regime by the lender aids net profit growth
Germany's DEG makes maiden bet on India debt fund via Vivriti's GIFT City vehicle, sources say
German development finance institution DEG has approved its first-ever investment in an Indian debt fund, committing capital to Vivriti Asset Management's asset-backed securitisation fund based in GIFT City, two people familiar with the matter said.
Gold at Rs 1.4 lakh and silver at 2.62 lakh: Sell, hold or buy what should investors do now?
Record gold and silver prices: Gold and silver prices surged to record highs on January 14, 2026, driven by geopolitical tensions and trade tariff threats. Gold's year-to-date return reached 5.16%, while silver saw a 15.02% increase. Experts advise new investors to consider staggered investments, and existing investors to book partial profits amid continued price volatility.
Union Bank Q3FY26 net profit up 9% at 5,017 cr
Bottomline supported by lower provisioning burden, including towards bad loans
NPS Vatsalya rules explained: Eligibility, contributions, withdrawals and exit options
Home or retirement facility? How seniors should prepare financially
PPFAS, Zerodha Mutual Fund among 8 AMCs with over Rs 1,000 Crore inflows in Dec
Choosing your first credit card? 9 smart checks to make before you say yes
Getting your first credit card marks an important step in your financial journey. It builds credit history, offers convenience, and provides rewards on everyday spending. Understanding how rewards work, matching cards to your lifestyle, and knowing hidden costs can transform your card from a simple payment tool into a smart financial asset.
Specialised Investment Funds saw inflows double to Rs 1,933 crore in December, led by hybrid strategies. Passive funds, SIPs, and equity schemes also posted strong inflows, highlighting sustained investor confidence despite market volatility, according to AMFI data.
Quant Mid Cap Fund exited IRCTC in December, sold GMR Airports shares, and added stakes in Anthem Biosciences, PB Fintech, SBI Cards, Premier Energies and Godrej Properties. Biocon entered the portfolio. AUM stood at Rs 8,057 crore, with exposure largely unchanged elsewhere amid cautious positioning by the fund management team.
A nationwide survey reveals thousands of Indian borrowers are trapped in debt due to easy credit, with 85% dedicating over 40% of their income to EMIs. Many resort to desperate measures like credit juggling and sacrificing essentials, while facing severe harassment from recovery agents.
When diversification becomes diworsification in small caps
As a fiduciary managing investors money, liquidity should be an important element of the investment strategy.
Mutual funds bet over Rs 12,000 crore on nine IPOs in December. Check details
The Karnataka High Court ruled that family courts cannot issue Look Out Circulars (LOCs) for maintenance default under Section 125 of CrPC. While property sale, arrest, and civil imprisonment are permissible, LOCs are for criminal proceedings, not civil debt recovery. The court cancelled an LOC issued against a husband, emphasizing that such actions exceed jurisdiction and violate constitutional rights.
A husband secured a divorce and Rs 5 lakh alimony from the Chhattisgarh High Court. His wife called him 'Paaltoo Chooha' for staying with his parents. She also refused to live separately and allegedly assaulted him. The court found her actions constituted cruelty and desertion. The wife earns more than the husband but will pay alimony.
IOB Q3 profit jumps 63% y-o-y, shares gain
Gross non-performing assets stood at at 1.54 per cent compared to 1.83 per cent in September quarter
Groww Q3 profit declines 28% to 547 cr; total income rises 26%
Despite the fall in profit, total income during the quarter rose 26 per cent to 1,261 crore, compared with 1,004 crore in the year-ago period
Major Indian banks, including SBI Card, HDFC Bank, and ICICI Bank, are introducing significant changes to their credit and debit card programs. These updates, effective from January 2026, will affect reward structures, fees, and importantly, airport lounge access. Cardholders should be aware of these revisions to understand how their benefits and spending limits will be impacted, especially for travel.
5 mutual funds made complete exit from 8 smallcap stocks in December
Five mutual funds fully exited eight smallcap stocks in December, according to Nuvama Institutional Equities. HDFC, SBI, Kotak, Quant and ICICI Prudential Mutual Funds exited names including HUDCO, Nazara Technologies, EPL, Bharat Dynamics and Pricol as part of portfolio realignment.
Bitcoin rally sees $600 million in bearish crypto bets wiped out
Bitcoin slumped to a loss of more than 6% for 2025 after ending the year in muted fashion, trading in a narrow range and proving largely indifferent to rallies in stocks and precious metals
From flash sales to real savings: Why more Indians should try a no-buy year
Sovereign Gold Bonds (SGB 2020-21 Series-IV) are set for premature redemption at Rs 13,929 per unit, a significant jump from their issue price. Investors who opted for digital purchase saw an impressive return of nearly 266% on their investment, excluding the 2.5% annual interest. This offers a lucrative exit option for bondholders.
Investor interest in sectoral and thematic mutual funds saw a significant drop in December. Monthly inflows fell by 49% as many funds failed to beat their benchmarks. Experts attribute this to the cyclical nature of these funds and investors reacting to underperformance. This trend reflects a cautious approach to concentrated strategies, with a shift towards alternative assets like precious metals.
7 mutual funds had over Rs 10,000 crore cash in their portfolio in December
Seven mutual fund houses including HDFC MF, SBI MF, PPFAS MF, ICICI Prudential MF, Motilal Oswal MF, Quant MF and Axis MF each held over 10,000 crore in cash in their portfolios as of Decembers month end, reflecting cautious liquidity positioning by fund managers.
Piramal Finance raises $350 million from IFC and ADB, eyes $500 million total
The fundraising follows the companys $815 million external commercial borrowing in FY25, comprising a $450 million US dollar bond and $365 million in syndicated bank loans
Tata Elxsi shares shed 3% after Q3 profit declines 45% YoY
Tata Elxsi shares fell over 3% after the company reported a sharp 45.3% year-on-year drop in Q3 net profit, hit by a one-time exceptional charge linked to changes in Indias labour laws. Revenue grew marginally, while adjusted profit declined 5.4%, reflecting continued pressure on margins despite steady demand in software services.
Best value funds to invest in January 2026
Value investors buy such stocks and wait for the market to discover these stocks. When the discovery happens, the stock prices will go up, and value investors make money. It may sound simple. But it is not very easy to execute. The market may take very long to discover these stocks and it may test your patience. The discovery may not happen at all. That is why value mutual funds are recommended to only sophisticated investors.
RIL Share Price Live Updates: RIL's Latest Closing Figures
SBI Share Price Live Updates: SBI's Previous Day Market Close
M&M Share Price Live Updates: M&M's stock price yesterday
Nestle India Share Price Live Updates: Nestle India Ends Trading Day at Rs 1312.4
A US citizen of Indian origin, Mr. Patel, faced a tax notice for an unexplained Rs 66 lakh property purchase in India. Despite his inability to travel from the US to gather documents, leading to ex-parte orders and dismissal by CIT(A), the ITAT Ahmedabad granted him relief, restoring the matter to the AO for a fresh adjudication.
Taxpayers face difficulties with the Capital Gains Account Scheme. Experts propose Budget 2026 reforms to simplify the process. They want online account opening and integration with the Income Tax portal. This aims to reduce manual errors and improve transparency. The goal is to make claiming tax exemptions easier for citizens.
Banks across India observe holidays on different dates for the same festivals. On January 14, 2026, banks in Gujarat, Odisha, Assam, and Arunachal Pradesh will be closed. This closure is for the celebrations of Makar Sankranti and Magh Bihu. The Reserve Bank of India releases an annual list of bank holidays. These include local festivals and other important days.
How should investors tackle volatile bond yields?
Indian bond yields climbed unexpectedly despite a recent Reserve Bank of India rate cut. This surge was driven by a record borrowing plan from Indian states and foreign investor selling. Long-term debt funds experienced a negative impact as bond prices fell. Investors are now advised to adopt a barbell strategy to optimize returns in the current market.
UPI can more than double to 1 billion users, says RBI Deputy Governor
While India accounts for about half of global retail payment transactions, digital transactions per capita still lag advanced economie
PayU Payments cuts losses despite higher standalone deficit in FY25
Consolidated revenue from operations rose 23% year-on-year to 5,562.98 crore
These risks emanate from increased interconnectedness with unregulated entities like technology providers, single points of failure, opacity of underlying arrangements and diluted accountability
ICICI Lombard Q3 net falls 9% at 658.76 crore
Retail Health segment delivered a growth of 85.8 per cent for Q3FY26 as against 19.1 per cent in Q3FY25.
A large co-operative credit society will have a longer track record. It would have established its governance and put in place sound management practices, the Paper said.
Karnataka Bank enables Khajane-2 e-receipts through Internet banking
With this enablement, Karnataka Bank now facilitates the collection of various State government taxes and fees from citizens of Karnataka via its Internet banking services
Standard Chartered Bank eyes wealth banking clients beyond top-tier cities in India, says MD
Standard Chartered Bank aims to have 380-430 affluent client servicing RMs by year-end, says Aditya Mandloi, MD, Head, Wealth and Retail Banking (India & South Asia)
ICICI Lombard Q3 profit drops 9% to 659 crore
Total income rose to 6,610 crore in the quarter under review from 5,883 crore in the year-ago period
Wealth quote of the day by JP Morgan: The first thing (in credit) is character before money.
wealth quote: J.P. Morgan emphasized that a borrower's character is paramount in credit, even more so than wealth or assets. He believed integrity and a commitment to repaying loans, regardless of financial hardship, are the true guarantees for lenders. This principle underscores that trust and a borrower's nature are fundamental to lending.
Forgotten LIC policy? Step-by-step guide to find and claim unclaimed amounts
ICICI Prudential Life Q3 net up 19.82% at 390.20 crore on higher investment income
During the period under review net premium income, however, fell 3.69% y-o-y at 11809.26 crore compared to 12261.37 crore in the year-ago period
ET Wealth Reader's Query: My nephew will have a corpus of Rs 1.6 crore by September 2027, when he turns 27. Due to health issues, he does not wish to continue working after that. Assuming a 4% annual inflation rate, a bank FD return of 6% on the corpus, a life expectancy of 75 years, and monthly expenses of Rs. 65,000, would this amount suffice to maintain his lifestyle?
Guaranteed pension under NPS? PFRDA panel to review withdrawal and payout rules
PFRDA has formed a 15-member expert committee to explore assured pension payout options under the National Pension System. The panel will examine withdrawal rules, payout structures, risk management and consumer protection, with the aim of providing retirees more stable and predictable income while keeping NPS market-linked and sustainable.
Tax refunds for FY 2025-26 have seen a significant drop compared to FY 2024-25. This comes as gross tax collections have increased. Experts suggest this trend reflects the Income Tax Department's enhanced ability to identify fraudulent deductions and income misreporting. This leads to more accurate tax collections and a more transparent system.
Abakkus Mutual Fund has disclosed the first portfolio of its flexi cap fund since its NFO, with HDFC Bank as the top holding. The fund follows the MEETS framework and holds 16 stocks across market capitalisations.
Big update on assured payouts under NPS: Pension body forms expert committee- what it means for you
National Pension System subscribers may soon receive assured payouts. The Pension Fund Regulatory and Development Authority has formed an expert committee to create a framework. This committee will define regulations for smooth transitions from saving to receiving income. It will also set terms like lock-in periods and withdrawal limits.
RBIs $10 billion FX swap oversubscribed three times
The central bank accepted 42 bids at the FX swap auction with the premium cut-off set at 7.28 rupees. A total of 348 bids worth $29.94 billion were received
HDFC Bank, Infosys among 6 stocks owned by over 600 mutual funds in December
Mutual funds heavily favoured large-cap leaders in December, with HDFC Bank, ICICI Bank, Bharti Airtel, SBI, Reliance Industries and Infosys owned by over 600 schemes, highlighting institutional confidence in banking, telecom, energy and IT despite market volatility and growth outlook.
5 equity mutual funds see AUM fall by more than Rs 600 crore in December
5 equity funds saw a decline in their AUM by over Rs 600 crore in December.
Mutual funds increased cash allocation by over Rs 5,900 crore to Rs 2.07 lakh crore in December
Mutual funds raised their cash holdings by 5,913 crore in December to 2.07 lakh crore, increasing cash levels to 4.81% of AUM from 4.68% in November. Meanwhile, total equity AUM rose modestly by 11,000 crore month-on-month to 43.25 lakh crore.
