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Rupee closes at record low, G-Sec yields rise
The Indian currency ended the day at an all-time low of 92.33 per US dollar, down 59 paise against previous close of 91.74
HDFC Bank emerged as the top earner with over 3,800 crore in 3 years, followed by Axis Bank and ICICI Bank with over 2,700 crore and 1,200 crore respectively
Federal Bank strengthen focus on wealth management business
The Bank and Equirus will continue to collaborate to fulfill the investment needs of UHNI category customers by offering select products and services from the Equirus wealth management suite
Popular UPI credit cards in India 2026: Kiwi, HDFC Bank, IDFC FIRST Bank, Axis Bank offers revealed
New UPI-enabled credit cards offer convenience and rewards. Kiwi, HDFC Bank, IDFC FIRST Bank, and Axis Bank provide options. Users can make payments via UPI apps and earn cashback, reward points, and other benefits. These cards combine UPI's ease with credit card advantages.
The Latest Fixed Deposit Interest Rates: Mar 06, 2026
The Latest Fixed Deposit Interest Rates: Mar 06, 2026
8 equity mutual funds lose over 10% in 6 months. Do you own any?
Eight equity mutual funds have experienced significant losses, with six of them shedding over 10% in the past six months. Among the biggest losers were Tata Small Cap Fund at -17.71% and two from Motilal Oswal, losing over 16%. Other funds from Invesco, UTI, Mirae Asset, and Samco also saw substantial declines.
Employee bodies are urging the 8th Pay Commission to reduce the compression ratio, which signifies the disparity between the lowest and highest basic pay. The Federation of National Postal Organisations proposes a 1:8 ratio, citing historical widening of the gap in recent commissions and advocating for a uniform multiplication factor and need-based minimum wage.
This state mandates tenant verification for property owners under new rules, effective from December 2024. Owners must submit tenant documents to the police within five days; failure to do so can result in up to six months' imprisonment and a fine of Rs 10,000. Police will maintain inspection records to enhance public safety and law and order.
360 ONE Asset closes fifth private credit fund at 3,500 crore
Following the latest close, 360 ONE Asset's private credit business now manages about 15,200 crore ($1.7 billion) in credit assets
Capitalmind Flexi Cap Fund reduce stake in HDFC Bank, ICICI Bank, and Bharti Airtel in February
Capitalmind Flexi Cap Fund reduced its exposure to HDFC Bank, ICICI Bank and Bharti Airtel in February while increasing stakes in several stocks including BPCL and Federal Bank. The fund also added seven new companies to its portfolio and exited six stocks as part of its portfolio reshuffle during the month.
YES Bank is adjusting its credit card fee rules. Starting April 1, 2026, higher spending limits will apply before fees are charged on utility, transportation, and digital wallet transactions. These changes aim to benefit cardholders by increasing the threshold for various spending categories. The bank is modifying these thresholds across different card types, offering more flexibility to customers.
Flight disruptions due to the Iran-Israel conflict have led to discounted gold prices in Dubai, presenting potential buying opportunities for Indians. However, experts caution that customs duties, GST, and other charges can significantly erode profit margins, making large-scale arbitrage unlikely.
Subscribers of PPF, SSY, and NPS schemes must complete all financial year-end compliances and investments by March 31. To avoid account inactivation and maintain tax benefits, ensure minimum deposits are made. For PPF, it's Rs 500 annually; for SSY, Rs 250; and for NPS, Rs 1,000.
68% of mutual fund redemptions via Instant Access Facility are below Rs 5,000: Zerodha Mutual Fund
Zerodha Mutual Fund's instant withdrawal facility is transforming how Indians manage money. A large number of small transactions show investors are using it for daily cash needs. This feature allows quick access to funds, even on weekends. Zerodha's Overnight Fund now offers this 24x7 service via WhatsApp, making liquidity management simple and fast for many.
Swiggy, HDFC Bank launch two new co-branded credit cards with up to 48,000 annual savings
The cards are being rolled out in phases and can be applied for through the Swiggy app or HDFC Banks digital channels
Phanindranath Kakarla takes charge of Arcil as CEO & MD
Kakarla joined Arcil on April 2, 2025, as President under a Board-approved succession plan in order to overlap with Mohapatras tenure for a sufficient period for continuous and smooth transition
Will DA be hiked to 60%? Latest January 2026 hike update explained
Rs 10-cr apartments? Who is driving Indias luxury housing boom? What are the alternatives?
Samir Arora-backed Helios Flexi Cap Fund adds Tata Motors, exits REC and 2 others
Samir Arora-backed Helios Flexi Cap Fund added Tata Motors to its portfolio in February while exiting REC, KPIT Technologies and Oswal Pumps. The fund also increased exposure to several stocks including Lemon Tree Hotels, HDFC Bank and SBI. Its portfolio size fell to 62 stocks while assets under management rose to Rs 6,211 crore.
CIBIL score hit after default? 7 smart moves that can rebuild your credit faster than you think
Best mid cap mutual funds to invest in March 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.
JSW Steel Share Price Live Updates: JSW Steel reports a small negative return
SEBI has introduced a new rule allowing equity mutual funds to invest up to 35% in gold and silver. This move aims to enhance portfolio flexibility and diversification, enabling fund managers to manage risk during volatile markets. Experts believe this will provide a tactical hedge, though excessive exposure could dilute the equity nature of funds.
RBI likely sells dollars to avert rupee slide to record low, traders say
The RBI stepped in before the local spot market opened, helping the rupee rebound slightly from around 92.30 to 92.20 in the interbank order matching system
Infosys Share Price Live Updates: Weekly Performance of Infosys
Adani Ent Share Price Live Updates: Adani Enterprises Suffers 5.64% Weekly Loss
Cipla Share Price Live Updates: Cipla's Stock Declines by 2.0% in One Week
SBI Life Share Price Live Updates: SBI Life Faces Weekly Setback
Divis Labs Share Price Live Updates: Divis Labs trading statistics
Jio Financial Services Share Price Live Updates: Jio Financial Services Trading Metrics
Bajaj Finserv Share Price Live Updates: Bajaj Finserv Faces Weekly Setback
HUL Share Price Live Updates: HUL Trading Metrics
Titan Company Share Price Live Updates: Weekly returns for Titan Company fall by 1.92%
Eicher Motors Share Price Live Updates: Eicher Motors market activity report
Tech Mahindra Share Price Live Updates: Tech Mahindra's Trading Volume Overview
Severance pay received after job termination is taxable. Individuals must pay advance tax by March 15 to avoid penalties. This payment is treated as salary income and taxed at normal slab rates. Ensure your employer deducts the correct tax. If not, you are liable to pay advance tax. Failure to comply can lead to interest charges.
Pre-market action: Here's the trade setup for today's session
Indian equities extended losses on Friday amid escalating geopolitical tensions in West Asia, keeping investor risk appetite subdued. The India VIX surged, indicating increased market fear. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares. The rupee depreciated against the US dollar due to rising crude oil prices and risk aversion.
IranIsrael conflict impact: Check your tax status
In extraordinary situations, tax residency should ideally reflect genuine economic connections rather than accidental travel delays. Until the law evolves, travellers would be well advised not to plan their visits on wafer-thin margins like 181 or 58 days, because even a delay of two or three days can unexpectedly change tax residency.
War and travel insurance: Coverage vs exclusions
Thousands of Indians in the UAE are stranded due to regional conflict and disrupted air travel. While airlines offer rescheduling, travel insurance typically excludes war-related losses, leaving travellers to cover extended stays and evacuations. Insurers are exploring policy adjustments for conflict-linked disruptions.
Public vs private trust: How to choose right option
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 93rd part of this series, Riju Mehta explains how various types of trusts differ in their purpose and functioning.
Why oil is set for biggest surge since 2022
Oil prices are experiencing their biggest weekly surge since 2022 due to the war in West Asia. Disruptions are impacting producers, importers, and shippers. The US is considering various options to address rising oil and gasoline prices. Asian economies are showing signs of strain, with China suspending fuel exports.
Which strategy shone in 10 years? Quality or Alpha
Welcome to TrendMap, your guide to the performance of different investment segments. In this edition, we present a 10-year performance tracker of various factor-based investment strategies. The annual returns are ranked for 6 key NSE Factor indices, with a broad-based index, Nifty 500, thrown in for comparison. This map shows that no single-factor strategy consistently outperforms, making a strong case for diversification. By Sameer Bhardwaj.
AI hits India's IT revenue model, new doors open
Indian IT firms faced a slowdown in 2025 due to uncertain global tech spending and geopolitical tensions, impacting revenue growth and margins. The sector's challenges intensified in 2026 with AI-driven structural transformation, leading to significant underperformance in the Nifty IT index.
How we ranked Indias best fund managers 2025
This study tracks fund manager performance across various schemes and AMCs by creating virtual NAVs. Eligibility requires at least 70 months of management experience in active equity funds over six years, excluding sector/thematic funds. Managers are ranked on multiple metrics, considering consistency and outperformance against Nifty indices.
Best fund managers 2025: Masters of risk & returns
Indian equity fund managers navigated a challenging market by prioritising risk management and resilience. Many adopted conservative strategies, increased cash holdings, and favoured value or contrarian approaches. This approach helped protect investor capital during downturns, with ten top managers identified for their superior risk-adjusted performance, emphasising a safety-first philosophy.
Upper-layer NBFCs seek risk-weight rejig amid heightened regulatory scrutiny
NBFCs seeking rejig in risk-weights, especially on retail loans, which form around 90 per cent of industry AUM
Global oil markets on edge as West Asia unrest triggers new energy shockwave
Crude oil prices have surged to near one-year highs as escalating conflict in West Asia threatens key supply routes, particularly the Strait of Hormuz. Rising geopolitical risks, refinery disruptions and tanker delays are pushing prices higher, raising inflation concerns and creating economic vulnerabilities for major Asian importers, including India, China, Japan and South Korea.
My 78-year-old mother never had health insurance. Can she still get one?
ET Wealth Reader's Query: My 78-year-old mother never had any health insurance. Can she now get one? Till what age can one get health insurance?
Equity mutual funds had a weak week between March 2 and March 7, with most schemes posting losses amid global market declines. International funds were among the worst performers. DSP World Mining Overseas Equity Omni FoF topped the losers list, while several emerging market and global funds also recorded notable declines.
J&K Bank partners with NBFCs to expand home and gold loan lending
The bank signed co-lending agreements with Home First Finance Company India Limited for home loans and IIFL Finance for gold loans
5 equity mutual funds deliver over 50% in 1 year. Have you invested in any?
Five international equity mutual funds delivered returns of over 50% in the past year. Nippon India Taiwan Equity Fund topped the chart with a 101.16% return, followed by mining, metals, Brazil and clean energy-focused funds. Other funds delivered returns ranging from negative 21.65% to positive 46.41%.
Mutual fund NFOs: 3 new funds will open for subscription on Monday. Check dates and key details
Three new mutual fund offers will open for subscription on March 9. These include Helios Arbitrage Fund, Mirae Asset Nifty 500 Value 50 ETF, and Axis FMP - 130 - 92D Fund. Investors should choose funds based on risk appetite, investment horizon, and financial goals rather than market trends.
A Pune homebuyer successfully challenged a builder's eviction attempt in the Bombay High Court. The builder wrongly invoked Section 6 of the Specific Relief Act to reclaim a flat over a disputed Rs 46,000. The court ruled this summary remedy was inappropriate for such a complex dispute, siding with the homebuyer.
RBI relaxes NOFHC requirement for promoters of AU Small Finance Bank
So in case the bank or its promoter/ promoter group wants to get into any other business like mutual fund or insurance post becoming a universal bank then they will need to form NOFHC
Federal Bank says arrangement with Equirus Capital for wealth management will be restructured
The Bank and Equirus will continue to collaborate to fulfil the investment needs of UHNI category customers by offering select products and services from the Equirus wealth management suite
International Womens Day 2026: Check these 5 popular government schemes empowering women financially
Central and state governments are implementing various schemes to enhance women's financial security and independence. Initiatives like Mukhyamantri Majhi Ladki Bahin, Mukhyamantri Ladli Behna Yojana, and Subhadra Yojana offer direct financial assistance.
64% women investors with less than Rs 5 lakh income prefer SIP in mutual funds. Check details
Women investors in India are increasingly choosing systematic investment plans for mutual fund investments. Data shows that 64% of women with annual income below Rs 5 lakh prefer SIPs, while the preference for SIPs remains strong across higher income brackets, highlighting the growing adoption of disciplined investing among women.
Following a ban on real money gaming apps, offshore betting platforms are proliferating, exploiting loopholes. Nithin Kamath suggests blocking UPI transactions and bank transfers to curb these scammy apps. The Economic Times Tech graphic details how these platforms lure users with low entry costs and then route funds offshore, leading to withdrawal issues.
Top 10 mutual funds to invest through SIP with investment horizon of 3 years. Check details
Several mutual funds have delivered strong SIP returns over the past three years, led by gold funds and multi-asset allocation schemes. Data from Value Research shows that a monthly SIP of Rs 10,000 in some of these funds would have grown significantly, highlighting the potential of disciplined long-term investing.
SBI launches exclusive $500 million loan facility for women empowerment
The syndicated transaction, first of its kind by SBI, is aimed at supporting gender equality and inclusive economic growth, and is expected to be the largest gender-themed loan globally, bank says
What is the fastest growing thing in finance? SIPs? SIFs? Credit cards? Radhika Gupta answers
Women are emerging as the fastest-growing segment in Indias financial ecosystem, according to Edelweiss Mutual Fund CEO Radhika Gupta. Participation by women has surged across mutual funds, equities, insurance and digital payments, reflecting a broader shift toward investment-driven financial planning and increasing financial inclusion across the country.
Karnataka Bank shareholders approve one directors reappointment, reject another
The special resolution seeking the reappointment of Balakrishna Alse S received support from 3,735 members who cast 11,606,1053 votes in favor
Quant Small Cap Fund reshuffled its portfolio in February, adding HDFC Bank, ICICI Bank and five other stocks while reducing exposure to Jio Financial Services and three others. The fund also exited Stanley Lifestyles and increased stakes in select companies, reflecting portfolio adjustments amid shifting sector allocations and market conditions.
A Pune man successfully challenged the Income Tax Department, securing a full tax exemption on his Rs 3.21 crore land sale. Despite a technical error of not fully depositing sale proceeds into a special account (CGAS) before filing his ITR, the ITAT Pune ruled in his favor, citing legislative intent to encourage house investment.
HDFC Bank cuts lending rates for select tenures; loan EMIs set to fall for these borrowers
HDFC Bank has lowered its lending rates. Borrowers will benefit from reduced interest costs. The new rates are effective from March 7, 2026. Overnight and one-month MCLRs see a 10 basis point cut. Other tenors are also reduced. This move impacts loans linked to the MCLR regime. Fixed deposit rates have also been revised.
Starting late in mutual funds? Expert shares a Rs 40,000 SIP portfolio strategy for a 50-year-old
Starting mutual fund investments later in life does not mean missing out on wealth creation. An expert outlines a Rs 40,000 monthly SIP strategy for a 50-year-old investor seeking moderate risk, recommending a mix of hybrid, flexi-cap and index funds to balance stability, diversification and long-term growth potential.
Sovereign Gold Bond : The RBI has set a premature redemption price of Rs 16,063 per unit for Sovereign Gold Bonds (SGB) 2020-21 Series VI and XII, maturing in March 2026. Investors in Series XII can expect up to a 248% absolute return, while Series VI offers around 217% without factoring in interest.
Share of equity mutual funds in portfolio of women investor surge to 32% in 5 years : Report
Indian women investors are increasingly shifting from fixed deposits to equity mutual funds, with their portfolio share rising significantly. They are now building goal-mapped portfolios, embracing a more sophisticated understanding of risk, and demonstrating maturity during market downturns. AI is aiding their research, but human judgment remains key in investment decisions.
Sebi proposes a voluntary debit freeze for MF folios
Mutual fund investors can soon opt for a voluntary debit freeze facility, enhancing digital security. This feature, rolling out from April 30, 2026, will prevent unit debits until unlocked. Registrar and Transfer Agents will offer this through the MF Central platform for KYC-compliant individuals. AMFI will detail the process and allowed transactions during the lock-in period.
DA hike for January 2026: Has the government announced it yet? Latest update explained
Central government employees and pensioners are keenly awaiting the dearness allowance (DA) and dearness relief (DR) announcement for January 2026. Despite Holi passing, no official word has emerged. Calculations based on the AICPI-IW suggest a potential 2% hike, raising the DA from 58% to 60%. This adjustment aims to combat inflation, ensuring employees' purchasing power remains stable.
A Karnataka High Court ruling clarified that under the Indian Succession Act, a mother cannot inherit her son's property if he dies intestate and is survived by his wife and children. This contrasts with the Hindu Succession Act, where mothers are Class I heirs and inherit equally with children and widows.
Own a property and need funds? Heres how to unlock lakhs without selling it
Indians facing emergencies can leverage their property for substantial funds through a Loan Against Property. This secured loan offers larger amounts and longer repayment periods compared to personal loans. Lenders assess both the borrower's financial stability and the property's value and legal standing.
UAE residents and expats with significant financial assets should draft and register a Will to ensure their property distribution. Sharia Law governs Muslims, while non-Muslims have statutory distribution, with recent amendments directing intestate estates to charitable endowments if no heirs exist. Options for registration include Dubai Courts, DIFC, and ADJD/ADGM, with varying applicability and costs.
Saturday bank holiday: Are banks open or closed today on March 7, 2026?
While many states observed Holi holidays, there is a confusion if this Saturday is a working day. Customers needing in-person services like large fund transfers or account openings should visit branches, while routine transactions can be done via ATMs, online, or mobile banking.
Indian women ride the crypto wave to build portfolio
Homemakers emerge as the second-largest investor group, among women, investing in cryptocurrency with millennial and mid-career women leading the trend
Insurers shift to Ind AS to hail global compatibility, boost investor confidence
IRDAI has proposed implementing new accounting standards from April 1, 2026
Your mutual funds can now be locked: Sebi introduces debit freeze feature for investors
Sebi launches a voluntary lock-in facility for mutual funds, allowing investors to temporarily freeze withdrawals or debits. The feature enhances digital security for both demat and non-demat folios via MF Central.
IT Dept expands reporting framework by including crypto, CBDC
Move aims to ensure that cross-border tax transparency keeps pace with the rapidly evolving digital financial landscape
Aye Finance posts 87% jump in Q3 profit, AUM crosses 6,300 crore
Loan disbursements rise 35% year-on-year to 1,310 crore during the quarter
The Reserve Bank of India has proposed new draft guidelines for customer protection in electronic banking, effective July 1, 2026. These rules aim to offer compensation for small-value online frauds up to Rs 50,000 and ensure zero liability in cases of bank negligence or third-party breaches reported promptly.
Job market today vs 15 years ago: 6 changes shaping your career
Share of credit card outstanding balance in total retail loans declines 60 bps y-o-y to 4.4%
Credit card spending rose by 8.1% year-on-year (y-o-y) in January 2026, to 2.05 lakh crore, driven by sustained e-commerce spending
Got a Rs 7 Lakh PM Mudra loan approval asking for Rs 860? You are being scammed
Scammers are using fake approval letters on social media, claiming eligibility for PM Mudra loans and demanding a fee for release. The Press Information Bureau has confirmed these letters are fraudulent. Mudra, a refinancing agency, does not lend directly to individuals, making any upfront payment request a clear sign of a scam.
Will SBI YONO be blocked for not updating Aadhaar? Check details
14 mutual funds and 2 SIF NFOs are open for subscription now. Check key details
The Federation of National Postal Organisations (FNPO) has proposed a fitment factor of 3.0 to 3.25 for the 8th Pay Commission, aiming to increase the minimum basic salary to Rs 54,000. This recommendation is based on the 15th Indian Labour Conference norms, considering essential consumption baskets and additional modern expenses like LPG and internet.
NFO Update: 360 ONE Mutual Fund launches DynaSIF Active Asset Allocator Long-Short Fund
360 ONE Mutual Fund has launched the DynaSIF Active Asset Allocator Long-Short Fund, a new scheme open for subscription until March 20. This fund aims for long-term growth and income generation by dynamically allocating across equity, debt, commodities, and alternatives, while actively managing risk. It seeks to provide resilient, risk-adjusted returns in the current volatile market environment.
