8th Pay Commission meeting on May 1819 in Telangana: Top demands, pay hike talks & key updates
Gold and silver prices saw a dip on Saturday, May 16, 2026. This followed a volatile week where rates fluctuated sharply. Factors like rising US inflation and anticipated interest rate hikes influenced the market. Local factors also played a role, including government duty increases. Consumers can check rates at major jewellers like Tanishq and Malabar Gold & Diamonds.
NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rules
The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable cashflow and extend the life of retirement funds.
RIL, HDFC Bank among 18 stocks from which these 7 mutual funds reduce their exposure in April
Seven top mutual funds trimmed exposure to 18 major stocks in April, signalling a strategic shift in market positioning.
10 equity mutual funds cross Rs 60,000 crore AUM; top 3 manage over Rs 1 lakh crore each
Around 10 equity mutual funds managed over Rs 60,000 crore in assets by April 2026, led by Parag Parikh Flexi Cap Fund, while HDFC Mutual Fund dominated with three entries.
Rs 2.46 lakh yearly income from SCSS: How senior citizens can earn regular interest income
The Senior Citizens Savings Scheme (SCSS) offers a high 8.2% interest rate for the April-June 2026 quarter, with a five-year tenure extendable by three years. Deposits up to Rs 30 lakh are permitted, and while interest is taxable, a deduction of up to Rs 50,000 is available under Section 80TTB.
JioBlackRock Mutual Fund: HDFC Bank, ITC, and MCX among top 10 stock holdings in April
JioBlackRock MFs April portfolio reveals top allocations to banking, telecom, and large-cap leaders like HDFC Bank, ICICI Bank, RIL, ITC, Infosys, and MCX.
PGIM India Mutual Fund reopens subscriptions in its 3 international funds for second time in CY26
PGIM India Mutual Fund has reopened subscriptions for three international funds, including the Global Equity Opportunities Fund of Fund, effective May 18. This follows a temporary restriction imposed on March 10 to avoid breaching overseas investment limits. Investors can now invest up to Rs 2 lakh daily per scheme.
Q4 Results Today, 16th May 2026 Live Updates: Get all the information about the quarterly update information on the companies posting here in this live blog
212% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.12 lakh
The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-VIII, allowing investors to redeem from May 18, 2026. A Rs 1 lakh investment in this SGB, issued at Rs 5,127 per gram, has grown to approximately Rs 3.12 lakh, yielding a 212.30% return.
England's new Renters Right Act offers tenants a 12-month eviction shield at tenancy start. Landlords cannot evict for personal use or sale during this period. New rules expand grounds for landlord possession, including tenant fault like rent arrears or antisocial behavior. Strict notice periods and court processes apply. This aims for tenant security and landlord flexibility.
Parking space dispute: What national building code says & what you can do
Homeowners facing inadequate parking spaces from builders have recourse beyond RERA, which doesn't mandate specific parking dimensions. While the National Building Code isn't always legally binding, it serves as a benchmark. Buyers can pursue claims under the Consumer Protection Act for deficiency in service or unfair trade practices if parking is unusable or misrepresented.
Saturday bank holiday: Are banks open or closed today on May 16, 2026?
Banks in only one state will be closed today. For all other states, banks will operate as a regular working day, as they are typically closed only on the second and fourth Saturdays of the month.
RBL Bank gets regulatory, govt approvals for investment by Emirates NBD
Emirates NBD will subscribe to up to 959,045,636 fully paid equity shares of RBL Bank at 280 per share through a preferential issue, representing approximately 60 per cent of RBL Banks post-issue paid-up share capital.
The Latest Home Loan Interest Rates: May 15, 2026
The Latest Home Loan Interest Rates: May 15, 2026
The Latest Fixed Deposit Interest Rates: May 15, 2026
The Latest Fixed Deposit Interest Rates: May 15, 2026
Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide 7%.
US CLARITY Act may shape Indias future crypto regulations: Industry players
Executives from WazirX, Coinbase and BitDelta India said the bill could reduce regulatory uncertainty, boost institutional participation and accelerate global crypto adoption
Recent petrol price hikes across metropolitan cities and increased CNG costs in Delhi and Mumbai are impacting car owners. For those commuting 1,000 km monthly, the additional fuel expenses can range from a few hundred to a few thousand rupees. Despite the price adjustments, CNG cars continue to offer significant savings compared to petrol vehicles.
An ideal allocation between gold and silver should depend on an individuals risk appetite, financial goals and investment goals, Guha underlines. Gold can be part of the core investment portfolio. Silver can be allocated for a diversified profile and a tactical allocation to benefit from industrial demands and short-term higher returns.
ICICI Prudential Mutual Fund: RIL, Infosys, HDFC Bank among top 10 stock holdings in April
ICICI Prudential Mutual Fund, Indias second-largest fund house with Rs 11.72 lakh crore AUM, reshuffled holdings across banks, autos, energy, and IT, with HDFC Bank and ICICI Bank topping exposure, while RIL, Infosys, Bharti Airtel, Sun Pharma, NTPC, and Maruti Suzuki saw selective buying and selling changes.
Indias invisible workforce gets a new safety net: Key labour reforms for migrant employees decoded
India's inter-state migrant workers gain significant protections under new labour code rules notified on May 8, 2026. The Occupational Safety, Health and Working Conditions Rules, 2026, bring millions of self-driven migrant workers into legal recognition. Key reforms include mandatory appointment letters, a digital database, portable ration cards, and tracked journey and displacement allowances.
RBI raises dealer targets, lifts bond trading activity
Each of the 21 primary dealers must trade at least 4 lakh crore ($41.8 billion) of bonds in the financial year starting April, up 48% from last years target, say people familiar with matter
Gold prices saw a dip on Friday, May 15, 2026. Rates fell across leading jewellery brands like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. The India Bullion and Jewellers Association also reported lower gold and silver prices compared to the previous day. This decline follows a sharp rise in gold rates earlier in the week.
TN DA hike: Check how much Tamil Nadu government employees monthly salary may increase now
Tamil Nadu government employees and teachers will see their dearness allowance (DA) increase from 58% to 60% of basic pay, effective January 1, 2026. This 2% hike, also extended to pensioners and family pensioners, will result in an additional annual expenditure of approximately Rs 1,230 crore for the state.
5 mutual funds made a complete exit from 9 midcap stocks in April. Check details
Mutual funds exited nine midcap stocks in April. SBI Mutual Fund sold Uno Minda and Dabur India. Kotak Mutual Fund divested FSN E-Commerce. Nippon India Mutual Fund exited Havells India and Meesho. Quant Mutual Fund sold Dabur India, SBI Cards, and Lenskart Solutions. ICICI Prudential Mutual Fund sold Tube Investments and Tata Communications.
Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42 stocks.
New labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and annual leave encashment are already applicable. Companies must comply with these changes even without state government notifications. This update impacts salary calculations and statutory dues for employees nationwide.
Choosing a health insurance policy involves more than just premium cost. This comparison of leading Indian insurers highlights key features like room rent limits, restoration benefits, and claim settlement ratios. Understanding these details is crucial for policyholders to manage out-of-pocket expenses during medical emergencies.
World Bank chief economist Indermit Gill retiring in August, internal memo says
Gill played a transformational role in advancing transparency through data, Banga said, citing the economist's work to improve debt transparency, sustainability and restructuring for low- and middle-income countries
Individuals eligible for ITR-1 filing for AY 2026-27 must file by July 31, 2026. This form is for resident individuals with income up to 50 lakh from salary, one house property, and other simple sources. Avoid common errors like using Aadhaar enrolment IDs instead of verified Aadhaar numbers. Ensure accurate reporting of loans and bank accounts.
Flexi cap mutual funds attracted a record Rs 10,147 crore in April, despite moderating equity inflows and market volatility. Experts suggest this reflects investor trust in fund managers for flexible allocation across market caps, rather than caution. This category is also seen as a strong starting point for new investors.
Best aggressive hybrid mutual funds to invest in May 2026
Hybrid mutual funds, particularly aggressive hybrid schemes, are recommended for their resilience in volatile markets. These funds balance equity and debt, offering wealth creation potential with reduced risk. Experts suggest these schemes for conservative equity investors seeking long-term financial goals, highlighting their mixed portfolio and tax advantages.
Q4 Results Today, May 15, 2026 Live Updates: Follow our live updates
India Inc raises 33% less via ECBs in FY26 as bank credit turns attractive
The moderation in ECB reflects both favourable domestic interest rates following monetary policy easing and higher hedging costs making ECB loans costly
Muthoot Finance posts 105% rise in PAT at 3,086 crore in Q4
PAT for whole FY26 at 10,134 crore, against 5,201 crore in FY25, an increase of 95%
The Pension Fund Regulatory and Development Authority has revised rules for National Pension System annuity surrenders. Subscribers facing critical illness or holding older annuity contracts with specific surrender clauses can now seek surrender.
RBI schedules underwriting auction for 32,000 crore government securities on May 15
RBI says underwriting auction to follow a multiple price-based method
Actor Ranbir Kapoor has purchased 2,134 sq. ft. of land in Ayodhya for Rs 3.31 crore. The plot is part of a 75-acre development by The House of Abhinandan Lodha, featuring luxury amenities and a vegetarian hotel by The Leela. Kapoor stated his belief that Ayodhya chose him, seeing the land as a legacy for his family.
Rising import duty and PM Narendra Modis appeal to delay purchases have pushed jewellery brands like Kalyan Jewellers and Malabar Gold & Diamonds to promote gold recycling schemes. These schemes let customers exchange old jewellery for new items, with value based on purity and market prices. Companies use advanced XRF machines for accurate testing. Experts say even small-scale recycling can significantly cut Indias gold imports.
Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxes' Central Action Plan for 2026-2027 outlines a roadmap for a more taxpayer-centric and technology-driven tax administration. This plan aims to streamline processes, enhance efficiency, and improve overall taxpayer services, leading to a more predictable and responsive tax governance framework.
Bank of Baroda, Indias second-biggest state bank, aims to double size in 5 years
Bank of Baroda CEO says larger balance sheets crucial as lenders look to compete globally
AlphaGrep Mutual Fund files draft papers with Sebi for its first multi-asset allocation fund
AlphaGrep Mutual Fund has filed draft documents with SEBI for its first scheme, the Multi Asset Allocation Fund. The open-ended fund will invest across equity, debt, commodities and derivatives, aiming to generate long-term capital appreciation through a diversified, rules-based portfolio.
Central government employees can now choose to include either their parents or parents-in-law as dependents for CGHS medical benefits. This one-time option, once exercised, cannot be reversed by male employees. The clarification applies to both CGHS and Central Services (Medical Attendance) Rules, 1944.
IRFC Q4 profit flat at 1,684 cr, total income up 9%
IRFCs total income rises to 7,329 crore in Q4 FY26
Mirae Asset Mutual Fund announces launch of hybrid long-short fund under Platinum SIF
Mirae Asset Mutual Fund has launched the Platinum Hybrid Long-Short Fund under its Platinum SIF platform. The interval investment strategy will invest across equity, debt and derivative instruments, aiming to deliver risk-adjusted returns through arbitrage, collar strategies and high-quality debt exposure across market cycles.
Gold prices saw a slight increase on May 14, 2026, with major brands like Tanishq and Malabar Gold & Diamonds reporting higher rates. Silver also climbed to a two-month high, driven by industrial demand. Analysts suggest gold remains range-bound, while silver targets further gains amid geopolitical and economic factors.
Six equity mutual funds received inflows of over Rs 7,000 crore each in April, led by Parag Parikh Flexi Cap Fund and Nippon India Small Cap Fund. Strong investor participation boosted assets under management across flexi-cap, mid-cap, hybrid and small-cap categories during the month.
SEBI proposes changes to municipal bond framework
In a consultation paper, the regulator suggested permitting two or more municipalities to raise money collectively through a pooled finance vehicle or SPV.
Where are mutual funds placing their bets? A look at Aprils sectoral trends
Mutual funds increased exposure to capital goods, NBFCs, utilities and logistics in April, while trimming weights in technology, banks and healthcare. Private banks remained top holdings despite marginal moderation in allocations.
7 mutual funds make complete exit from 18 smallcap stocks in April. Check details
India considers reducing taxes on bond investments by foreigners
The Reserve Bank of India recommended the move, which is being seriously considered by the Finance Ministry
NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds
The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity remain unchanged.
The Latest Home Loan Interest Rates: May 08, 2026
The Latest Home Loan Interest Rates: May 08, 2026
The Latest Fixed Deposit Interest Rates: May 08, 2026
The Latest Fixed Deposit Interest Rates: May 08, 2026
Lighthouse Canton launches $130 million credit fund targeting structured investments
The fund has a six-year tenure and average deal maturity of three years and aims to deliver attractive risk-adjusted returns through structured credit investments in mid-to-large companies
Mutual funds raise cash holdings by Rs 12,700 crore despite market rebound in April
Mutual funds boosted cash holdings by over Rs 12,000 crore in April, reaching Rs 1.98 lakh crore. This occurred even as Indian stock markets like Nifty 50 and Sensex saw significant gains. Several fund houses increased their cash positions, while others reduced them. SBI Mutual Fund held the largest cash reserves.
Helios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased its stake in eight other companies, including Hero MotoCorp and Bharat Electronics. Conversely, exposure was reduced in HDFC Bank, Reliance Industries, and Ather Energy. Titan Company and Axis Bank were added as new investments.
The combination of SIP and SWP can help you get a Rs 1.05 lakh monthly income for 20 years. While planning for it, experts advise disciplined investing, realistic return expectations, diversification, and sustainable withdrawal rates. The also suggest avoiding common mistakes like stopping SIPs early or withdrawing excessively.
A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Income Tax Appellate Tribunal ruled in his favour. The tribunal stated that the surrender of tenancy rights, the taxable event, had not occurred in the year under assessment.
The escalating cost of foreign education, often underestimated by Indian parents, necessitates early financial planning. Beyond tuition, accommodation, insurance, and currency fluctuations significantly increase expenses. Experts advise long-term investing through SIPs, considering education inflation and currency depreciation, to fund overseas studies effectively.
Pharma, NBFCs see fresh mutual fund buying in April
Indian fund managers focused on defensive stocks in April. Pharmaceuticals saw increased investment due to opportunities like the semaglutide patent expiry. NBFCs and asset management companies also received attention. PNB Housing Finance was added as funds shifted towards retail lending. This strategy reflects concerns over oil prices and West Asian geopolitical tensions.
Sebi plans broader use for intraday borrowing by MFs
The Securities and Exchange Board of India, Sebi, is proposing changes to how mutual funds use intraday borrowing. Currently limited to redemption payouts, Sebi wants to allow these borrowings as a cash management tool. This aims to improve fund management flexibility and returns by addressing timing mismatches in fund outflows and receivables.
HDFC Mutual Fund withdraws NFO of Gold-Silver FoF
HDFC Mutual Fund has withdrawn its proposed Gold-Silver Passive Fund of Fund NFO, citing concerns over rising precious metal imports and their impact on India's trade balance. This decision follows Prime Minister Modi's appeal to curb gold and silver purchases and a significant increase in import duties, aiming to conserve foreign exchange reserves amidst global economic uncertainty.
US Senate confirms Kevin Warsh as Federal Reserve chair amid inflation concerns
Warsh succeeds Jerome Powell and is expected to lead critical policy discussions as inflation remains above target and markets increasingly rule out near-term rate cuts
Shriram General Insurance Q4 net profit jumps 28% to 167 crore
Lower claim ratio major driver for profit jump, says MD & CEO
Defence Ministry pushes TReDS to accelerate payments to MSMEs
Defence Secretary RK Singh is monitoring developments for implementation of Trade Receivables Discounting System (TReDS) to improve sluggish procurement payment cycles and address working capital access to the MSMEs
Raise Financial Services acquires GreenLife Insurance Broking
Raise Financial Services says it plans to invest $15 million in GreenLife
Post Office Savings Account holders can now get personalized cheque books featuring their name and account details, enhancing security and convenience. This new facility, available from May 8, 2026, offers free delivery to registered addresses.
Sebi proposes to ease borrowing norms for mutual funds
The regulator is now considering allowing intraday borrowing for a wider set of uses, including meeting trade settlement obligations, forex transactions, derivative margin requirements, and other liquidity needs
India will now use Artificial Intelligence to fight money mule banking cyber fraud. The Home Minister announced a partnership between the Indian Cyber Crime Coordination Centre and the Reserve Bank of Indias Innovation Hub. This collaboration will help detect and block suspicious accounts faster. Consumers can expect safer digital transactions across UPI, online banking, and fintech platforms.
GIC Re appointed manager of $1.4-b Bharat Maritime Insurance Pool
This sovereign-backed maritime insurance pool will safeguard Indian-flagged vessels, India-controlled ships and India-bound cargo navigating volatile maritime corridors
WazirX launches crypto futures citing demand wave in India
WazirX Futures will have a maker fee of 0.02% and a taker fee of 0.04%
What should you do with your gold investments as gold import duty increases to 15%?
Gold prices surged after the government raised gold import duty from 6% to 15%, impacting MCX, IBJA rates, ETFs, and jewellery retailer prices. Experts advise existing investors to hold gold as a hedge against inflation and global uncertainty, avoiding panic selling. New investors should opt for staggered buying instead of lump sum investments, say experts.
NFO Update: DSP Mutual Fund announces launch of DSP Nifty FMCG ETF
DSP Mutual Fund has launched a new exchange-traded fund, the DSP Nifty FMCG ETF. This fund will track the Nifty FMCG Index, offering investors exposure to leading consumer goods companies. The new fund offer is currently open for subscription until May 14. Investors can gain diversified access to the resilient FMCG sector through this passive investment option.
8th Pay Commission pension update: Employee body seeks 50% assured pension for NPS subscribers
Silver prices saw a significant jump on May 13, 2026. This surge followed the government's decision to increase customs duty on silver imports. Global geopolitical tensions and inflation worries also contributed to the price rise. Experts predict higher domestic prices and potential impact on consumer demand. The duty hike aims to reduce India's trade deficit and support the rupee.
A study by WhiteOak Capital Mutual Fund suggests gold can do more than just act as a safe-haven asset, helping improve portfolio returns when combined with equity and debt investments. Analysing data from September 2001 to April 2026, the study found that adding equities to debt portfolios boosted returns without a proportional rise in risk.
RBI likely to pay record dividend to government this year
RBI is likely to decide about the dividend quantum in its board meeting expected to be held this month
NFO Alert: SBI Mutual Fund launches two target maturity debt index funds
SBI Mutual Fund has launched two target-maturity debt index funds focused on government securities and SDLs, with the NFO open between May 14 and May 19. The schemes aim to provide predictable fixed-income exposure through low-cost, rule-based investment strategies linked to sovereign and quasi-sovereign instruments across defined maturities.
HDFC Mutual Fund: Eternal, RIL and HDFC Bank among top 10 stock holdings in April
HDFC Mutual Funds April 2026 portfolio remained banking-heavy, led by ICICI Bank, HDFC Bank and Axis Bank, while increasing exposure to Reliance Industries, Bharti Airtel, Kotak Mahindra Bank and Eternal.
Mutual funds injected Rs 30,600 crore into Indian equities in April, with significant buying in ICICI Bank, SBI, and Sun Pharma. Key reductions were observed in Wipro, HDFC Bank, and Hindalco Industries across large, mid, and smallcap segments. This active portfolio management reflects ongoing strategic shifts by fund managers.
Gold prices surged on Wednesday, May 13, 2026, following a government increase in customs duty from 6% to 15% to curb imports. This duty hike is expected to further elevate domestic bullion prices, potentially impacting jewellery stocks and consumer demand, with significant price jumps observed across major brands.
Fake Income Tax email alert! SilverFox hackers target Indians with dangerous malware
New rules under the UK Renters Rights Act 2025 require landlords to give tenants an official Information Sheet. This document explains changes to tenancies. Landlords must provide this by May 31, 2026, or face fines. All tenancies will now be periodic, offering tenants more flexibility. Existing written agreements do not need immediate changes.

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