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Certificates of deposit issuances rise 38% in June amid tight liquidity, credit offtake
When compared to the preceding May, the CD issuances jumped 61.79%
Bank of India Small Cap among 6 equity funds to deliver over 15% return in 6 months. Check details
Six small cap mutual funds delivered over 15% returns in the past six months, led by Bank of India Small Cap Fund with a 21.04% gain. Other performers include TRUSTMF, JM, Motilal Oswal, Union, and ITI funds, reflecting strong momentum in the small cap segment.
Delhi High Court ruled that tenants overstaying their lease must pay increased rent as per the agreement, even if they temporarily requested more time to vacate. The court emphasized that continued possession triggers the rent escalation clause automatically. This applies even to unregistered lease deeds, as the obligation matures upon expiry of the initial term. Landlords can pursue legal action for unpaid rent and eviction.
The EPFO's unified member portal is now live after an upgrade, bringing a new look and significant changes. Key services like UAN activation and direct allotment have moved to the UMANG app, utilizing Aadhaar-based Face Authentication. While UAN retrieval is simplified on the portal, death claim filing remains accessible. This update aims for faster, more secure services for all users.
Following his tryst with debt, the man recovered and developed his own theory for financial freedom, in which he stresses on incrementally building savings and paying off debts in a systematic way. Ramsey has also made this into a formalized series of 7 Baby Steps. He strongly advocates that if one can regulate the person in their mirror (themselves), they would win with money.
Eleven equity mutual funds turned investors lumpsum investments into more than four times their original value over the past seven years, led by small-cap schemes. Quant Small Cap Fund topped the list, while mid-cap, flexi-cap and ELSS funds also delivered strong long-term wealth creation, according to ETMutualFunds' analysis.
8th Pay Commission extends key data submission deadline to July 31; here's why it matters
8th Pay Commission latest news: The 8th Pay Commission has extended the deadline for submitting crucial employee data to July 31, 2026, citing difficulties faced by various government bodies. This vital information, including sanctioned strength, personnel numbers, and attrition metrics, must be uploaded exclusively through the commission's online portal. The commission is also holding stakeholder meetings across India, with upcoming sessions in Bhubaneswar and Kolkata to gather input on pay, pensions, and working conditions.
22k gold rate: Gold prices are under scrutiny as buyers track daily fluctuations. Today, July 3, 2026, shoppers planning to purchase gold jewellery should compare rates across leading jewellers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas, as prices vary.
ICICI Bank mulls first benchmark dollar bond sale since 2017
The bank could raise at least $500 million in offshore bonds
A new Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under the Code on Social Security, 2020. The EPF interest rate remains at 8.25% for the financial year 2025-26. While digital services are formally incorporated, private PF trusts now face a cap on their declared interest rates, not exceeding the central government's rate by more than 2%.
Which is the best Nifty-based index fund to buy basis expense ratio and tracking error?
Choosing the best Nifty-based index fund involves more than just a low expense ratio. Experts emphasize that tracking error, which measures how closely a fund mirrors its benchmark, is crucial for long-term returns. While low costs are attractive, consistent replication accuracy, indicated by low tracking error, often proves more vital for passive investors aiming to capture market performance effectively.
Cashless health insurance claim rejected? You may still get your claim settled; heres how
Cashless health insurance claims are often rejected due to documentation or procedural issues, not outright denial. Understanding the reasons, like network hospital discrepancies or incomplete paperwork, is crucial. If rejected, policyholders can opt for reimbursement, but prompt follow-up with the insurer and proper documentation are key to resolving issues and ensuring claims are settled.
Living past 85: 7 reasons your retirement plan needs a rethink
IIFL Finance raises $300 million via social debt issue
The non-banking finance company will offer a yield of 7.75% to investors, slightly below the initial price guidance at about 7.85%, sources said
PNB clocks 13% loan growth in Q1, Bank of India 19%
State-run lenders PNB and Bank of India reported robust credit growth in the June quarter, while ESAF Small Finance Bank and Tamilnad Mercantile Bank also posted strong gains in advances and deposits.
Rethinking wealth creation: Why a 70:30 portfolio is gaining traction
Investors seeking a balanced approach to wealth creation are increasingly favoring portfolios that blend equities with debt. A recent study highlights that a 70% equity, 30% debt mix, with strategic rebalancing, yielded impressive returns with significantly lower volatility compared to an all-equity index. This strategy helps investors remain invested through market ups and downs, offering a more stable investment journey.
Updated scale-based regulations for NBFCs: Tata Sons may be required to list
No material change in RBIs NBFC norms; revised directions merely clarify public funds definition
BoB to pay $600 m in out-of-court settlement with UAE-based NMC Health
This is to avoid prolonged litigation, uncertainty and associated costs
Bank of Baroda reports 15% increase in global business
Domestic deposits up 14.74%, advances rise 16.14% with strong retail growth
JioBlackRock to offer full MF bouquet in 3 years; plans more SIFs, ETFs, GIFT City products
Jio BlackRock is set to significantly expand its mutual fund offerings over the next three years, venturing into more specialized investment funds (SIFs), ETFs, and offshore products via GIFT City. Following the launch of its Prism Hybrid Long-Short fund, the company plans another SIF in the equity long-short category soon. ETFs are also on the horizon, promising wider access to global investment strategies for Indian investors.
AI to drive reskilling in IT sector but job loss fears misplaced: Axis Bank chief economist
Neelkanth Mishra sees services exports growing strongly despite AI shifts in industry structure
India emerges as worlds most tokenised market for online card payments: Visa
Over 900 million tokens in circulation as country enters new phase of trust and security in digital payments
8th Pay Commission salary calculator: Central government employee unions are pushing for significant changes in the 8th Pay Commission, demanding higher family unit counts, increased House Rent Allowance (HRA) and Transport Allowance (TPTA), and the merger of Dearness Allowance (DA) with basic pay. These bodies argue current provisions are insufficient for low-level employees, especially in major cities.
PBPartners ropes in 5 lakh partners in 5 years
The number of cities covered has grown to 703, up from 167 over the past five years
BoB settles case with NMC Health for $600 million
All claims, causes of action, etc. between them have been resolved without admission of liability or wrongdoing
India's private credit market doubles to $25 bn in 5 years: Moody's
Although still small by global standards, India's private credit market has significant headroom to grow, supported by expanding financing needs and the country's robust macroeconomic momentum
How traders are choosing FTMO alternatives that match their trading style
Traders are increasingly exploring FTMO alternatives as prop trading firms proliferate. These firms offer diverse evaluation systems, trading rules, and payout structures, catering to individual risk appetites and trading styles. Understanding how these models align with your strategy, rather than just brand recognition, is crucial for success in the funded trading space.
Manoranjan Pandey, who lost his life in the tragic accident in 2018, was the sole breadwinner of his family, according to the 2019 appeal filed in the Behrampur Motor Accident Claims Tribunal, and was running his own construction business and earning Rs 15 lakh per annum. Based on this, the claimant-appellants had sought a compensation to the tune of Rs 2.25 crore.
Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?
Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While this amount is tax-exempt, the Income Tax Department requires you to report these gains. Failure to disclose can lead to issues. Learn how to correctly report these gains in your ITR.
ADB approves $182.89 million loan to boost Karnataka's public schools, establish 500 clusters
The ADB bank has approved a loan to establish 500 integrated public school clusters in Karnataka, providing education from pre-primary to secondary levels
Top 10 equity mutual funds deliver over 25% returns in 2026. Do you own any in your portfolio?
Ten equity mutual funds delivered over 25% returns in 2026 so far, led by Nippon India Taiwan Equity Fund with 102%, driven by international, emerging markets and technology themes.
The Supreme Court has upheld a husband's Will, which disinherited his wife and children from certain properties, favouring his sister. The court ruled that excluding legal heirs does not automatically make a Will suspicious, especially when the testator stated he had already provided sufficiently for his family. This decision reinforces that a Will's validity hinges on its proper execution and the testator's clear intent, not solely on inheritance patterns.
New fund offer: 8 mutual funds and 2 SIFs are now open for subscription. Check details
Around eight mutual funds and two specialised investment funds (SIFs) are currently open for subscription across categories including hybrid, index, multi-asset, overnight and life cycle funds. Offerings from Zerodha, ICICI Prudential, Invesco, JioBlackRock, JM, Tata, HDFC and Choice are accepting investments before their respective closing dates.
EPS 2026 brings new rules, but has the Rs 1,000 minimum pension changed?
The government has introduced the Employees' Pension Scheme (EPS), 2026, replacing older schemes. The calculation formula for pensions also stays the same, based on pensionable salary and service.
RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P
The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for strategic sectors, will benefit from cheaper funding and enhanced financial flexibility, potentially driving economic growth.
NFO Alert: Invesco Mutual Fund launches equity long-short fund under its SIF platform Summit
Invesco Mutual Fund has launched Summit SIF, an equity long-short fund offering both long and limited short exposure via derivatives. The NFO closes on July 16 and targets alpha generation through dynamic strategies combining stock selection and tactical shorts, managed by Hiten Jain and benchmarked to the BSE 500 TRI.
SIP in stocks or mutual funds: Which strategy offers better returns?
Should investors choose SIPs in stocks or mutual funds? According to Hercules Advisors founder Aditya Shah, while direct equities may offer higher returns, they demand constant monitoring and carry greater risks. For senior citizens and passive investors, diversified mutual funds with professional management and appropriate asset allocation can be a safer and more practical route to long-term wealth creation.
Planning SIP this July? Here are mutual fund options that could suit aggressive investors
ETMutualFunds presents SIP portfolio ideas tailored for conservative, moderate and aggressive investors. The allocations span three investment brackets, starting from Rs 2,000 to above Rs 10,000, combining flexi cap, large cap, hybrid, mid cap and small cap funds. Selection is based on rolling returns, consistency, downside risk, outperformance and fund size.
India ramps up share sale plans to cushion budget hit from oil
LIC, Hindustan Zinc, and several state-controlled banks are among eight companies identified by officials for stake sales in the coming months
Gold prices saw an uptick across major Indian cities on Thursday, July 2, 2026. Leading jewellers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported higher rates for 22K gold jewellery compared to the previous day.
Does a higher active share make a mutual fund better managed? Experts explain
Active share measures how much a mutual fund's portfolio differs from its benchmark, helping investors assess whether they are paying for genuine active management or closet index investing.
ITR filing 2026: 7 smart ways salaried employees can reduce tax under the new income tax regime
J&K Bank hits 3 lakh crore business mark on 16% deposit growth
The Banks total business reached 3.04 trillion, growing over 20% year-on-year, supported by a 16% increase in deposits and a 25% rise in gross advances
TRUSTMF Small Cap Fund emerged as the best-performing equity mutual fund over the past year, delivering a 22.78% return and outperforming both its benchmark and category average. Experts attribute the performance to strong stock selection but advise investors to focus on long-term asset allocation, disciplined SIPs, and realistic return expectations.
Think you don't need to file an ITR for FY 25-26? These 8 benefits may change your mind
ITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, carrying forward losses to reduce future tax, and enhancing loan and visa application prospects. Even if your income is below taxable limits, filing might be mandatory under certain conditions.
SoftBank renews talks for $10 billion loan against OpenAI stake, adds concessions, sources say
To reassure lenders, the Japanese technology investor is guaranteeing loan repayment, allowing banks to seek recourse from SoftBank if the pledged OpenAI shares lose value
RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know
The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and bank fixed deposits.
On the Google Play community page, a user recently shared a similar experience. They said, I took a Rs 1 trial on Moj app, but Rs 699 was auto-debited without clear consent. I have not used the subscription service at all. Please cancel my subscription and process a full refund immediately.
A Kerala family has been awarded Rs 2.5 lakh compensation after a public sector bank lost the original Pattayam (land title deed) submitted as security for a Rs 3 lakh agricultural loan. The mother-son duo mortgaged their 2-acre-20-cent land in 2014. When they discovered the document was missing in 2018, they faced significant distress and hardship, leading to the consumer commission's ruling.
Zero income tax in Form 16? You may still have to file an ITR in these cases
Even if your Form 16 shows zero tax payable due to the Section 87A rebate, filing an Income Tax Return (ITR) might still be mandatory. Certain income levels, high-value transactions like significant bank deposits, foreign travel, or owning foreign assets can trigger a filing requirement.
Gold sitting idle at home? Here's how it could earn you an income and what to watch out for
Indians traditionally hold gold as jewellery and a store of wealth, but it often sits idle. Gold leasing offers a way to earn returns by lending your gold, similar to earning rent. While government schemes provide a regulated framework, private platforms operate with fewer protections. Investors must weigh potential returns against significant risks like counterparty default and lack of insurance, making due diligence crucial before leasing.
AI-enabled cyber threats emerged as the leading perceived risk over the next 12 months: RBI survey
FSR highlighted that India remains exposed to cyber attack risks, with a relatively high volume of cyberattacks
Jana SFBs promoters plan to monetise their shareholding to repay debenture holders
Promoter entities have restructured their outstanding listed NCDs; Ind-Ra places the Banks debt instruments on Rating Watch with Negative Implications
Prudential HCL enters health insurance market
With this approval, the number of standalone health insurance companies in India has risen to eight
SBI unveils a suite of AI-powered digital journeys for retail and business banking customers
Eligible customers can also seamlessly convert their Savings Account into a Corporate Salary Account or upgrade an existing salary account online, eliminating the need to visit a branch
RBI Appoints Ravi Shankar as New Executive Director Effective July 1
New Delhi, July 1: The Reserve Bank of India (RBI) has appointed Ravi Shankar as its new Executive Director, effective July 1, 2026. The central bank announced this appointment through an official statement. Prior to this promotion, Ravi Shankar served as the Advisor-in-Charge of the Department of Statistics and Information Management (DSIM) at RBI. According ... Read more RBI Appoints Ravi Shankar as New Executive Director Effective July 1
Edelweiss AMC crosses Rs 1 lakh crore equity AUM milestone, SIP book at Rs 690 crore
Edelweiss Asset Management Company crossed Rs 1 lakh crore in equity AUM, with total assets reaching Rs 1.78 lakh crore. The milestone reflects growing retail participation, strong SIP inflows, consistent fund performance and rising investor confidence in long-term wealth creation.
Paisabazaar has launched PB Pass, a new complimentary airport lounge access program for its credit card users, offering entry to over 1,800 lounges globally. This benefit is available to new credit card applicants upon activation and first bill payment via the Paisabazaar app.
EPF Scheme 2026: The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version, bringing the EPF under the new Social Security Code. While key benefits like contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts.
How a Multi Asset Allocation brings equity, debt and gold together in one place
Diversification is key to successful investing, and Multi-Asset Allocation Funds offer a balanced approach. These funds invest in at least three asset classes, including equity for growth, debt for stability, and gold for diversification, ensuring a resilient portfolio. By combining these elements, investors gain exposure to multiple return sources through a single, convenient solution, helping navigate market cycles and achieve long-term goals.
Retirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentially higher returns, NPS boasts significant tax advantages and low costs. Read the article to know how a monthly investment of Rs 15,000, which goes up by 5% every year, can grow over 20 years in NPS and mutual funds.
NBFC-MFIs AUM set to accelerate to 20% in FY27 from 4% in FY26: Crisil Ratings
Secured loans to power NBFC-MFI growth as microfinance portfolio gradually recovers
Gold prices saw a slight dip today, July 1, 2026, across major Indian jewellers. Consumers looking to purchase gold jewellery will find it beneficial to compare rates from brands like Tanishq, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers.
Homegrown AlphaGrep takes on Jio BlackRock with India Algo Funds
Over the next 18 months, AlphaGrep Investment Management Pvt plans to unveil about half a dozen mutual funds, Chief Executive Officer Bhautik Ambani told a press conference Tuesday. On July 6, it will launch the first fund, a dynamically managed multi-asset fund investing across equities, fixed income and commodities.
A new Employees' Pension Scheme, 2026, has replaced earlier pension schemes, effective June 29, 2026. While core benefits like the pension formula and contributions remain, key changes include faster pension claim settlements within 20 days and a 12% interest penalty for EPFO delays.
Can central government employees get 3% or 4% DA hike in July 2026? Latest AICPI data reveals this
Labour Bureau reading for DA hike: The latest AICPI-IW data for May 2026 indicates that central government employees are likely to receive a 3% dearness allowance (DA) hike, taking DA from 60% to 63%. A 4% hike appears unlikely unless June's AICPI-IW reading jumps to around 154.5, with the final outcome depending on June inflation data and the government decision.
NSE IPO: How India's biggest stock exchange makes money beyond trading fees
Filing ITR? Here's what AIS and Form 26AS tell the income tax department about you
As taxpayers gear up for ITR filing in AY 2026-27, understanding the consolidated Form 168 (formerly AIS and Form 26AS) is crucial. This unified document offers a comprehensive view of your financial footprint, detailing income sources, investments, and tax credits. Reviewing it meticulously against your records helps ensure accurate reporting, prevent mismatches, and avoid potential tax notices, streamlining your return submission.
Ahmedabad-based Wealth First to acquire Mumbai wealth manager in 102-cr deal; targets 20,000 cr AUM
51% acquisition by 2026, full ownership targeted by 2030 via structured share swap and cash deal.
A 45-year-old salaried investor with a Rs 3 lakh monthly income sought expert advice on whether his mutual fund portfolio can support retirement at 60. The expert recommended continuing disciplined SIPs, consolidating 17 mutual fund schemes into seven, maintaining liquidity, and avoiding premature allocation for discretionary goals like buying a luxury car.
NFO Alert: AlphaGrep Mutual Fund launches multi asset allocation fund, its first fund
AlphaGrep Mutual Fund has launched its inaugural fund, the AlphaGrep Multi Asset Allocation Fund, marking its entry into the Indian retail market. This open-ended fund employs a systematic, quantitative approach to dynamically allocate capital across equities, fixed income, and commodities, aiming for long-term growth with minimal human bias. The NFO opens July 6 and closes July 20, offering institutional-grade strategies to everyday investors.
Jana Holdings, Jana Capital get BSE nod to extend maturity date of NCDs
Jana Holdings and Jana Capital may sell shares in Jana Small Finance Bank to redeem NCDs
RBI sees banks bad loans rising on geopolitical risks
If the RBIs projections are realised, it would highlight how the conflict in West Asia has emerged as a key risk for Indian lenders
Foreign income in ITR? Avoid these 7 disclosure mistakes that can cost you dearly
Best mutual fund SIP portfolios to invest in July 2026
ETMutualFunds has unveiled recommended mutual fund portfolios for July 2026, catering to conservative, moderate, and aggressive investors. These curated SIP baskets, designed for long-term goals like retirement, are based on a robust methodology evaluating returns, consistency, risk, and outperformance. The selection process for equity, debt, and hybrid funds ensures a data-driven approach to investment choices for a broad audience.
The income your tax return doesn't need to include; 8+ types of tax-free income in India
ITR deadline, Aadhaar updates, passport fee hike: 7 financial changes from July 1 you shouldn't miss
The Bombay High Court has overturned disciplinary action against an SBI employee, ruling that a shared auto-rickshaw is not a 'workplace' under the POSH Act. The employee faced harassment charges after an incident during his commute. The court emphasized that for the Act to apply, transportation must be employer-provided. This decision leaves the merits of the harassment allegation open for other legal avenues.
Stock traders' alert: When income tax audit becomes mandatory for AY 2026-27
Stock market traders, especially those involved in intraday and F&O trading without a registered business, need to understand tax audit rules. Income from these activities is typically classified as speculative business income. Turnover calculation, based on the aggregate of positive and negative differences, determines audit applicability, generally requiring an audit if it exceeds Rs 10 crore for banking channel transactions.
Unfair appraisal? 5 tests courts use to detect bias against employees
Suspect unfair appraisal in the private sector? Indian courts examine five key tests to detect bias. They first establish a comparable employee, then identify the grounds for discrimination, often focusing on protected characteristics. Employers must provide documented justifications for pay differences. Crucially, documentary evidence is vital. If proven, remedies can include back pay and compensation, though courts generally defer to management discretion in non-protected cases.
Active share decoded: The metric that reveals a fund's true strategy
Unsure if your fund manager is truly active? Active share reveals how much a mutual fund's portfolio deviates from its benchmark index. A low active share might mean paying active fees for index-like performance. Understanding this metric helps investors identify genuine active management and avoid 'closet index funds,' potentially leading to better investment decisions.
Household debt rises to 45.5% of GDP, borrower profiles improve: RBI FSR
Despite the increase in borrowings, the RBI sees an improvement in the quality of borrowers
Stress test: Banks and NBFCs can withstand losses under adverse scenarios
K Ram Kumar
Bima Sugam to go live by September-end: IRDAI chief
Consultation paper on wider distribution reforms expected before the end of July
Funding emerging as key challenge for the banking system: FSR
Change in investment preferences towards higher-yielding equities and mutual funds
Fintechs bet on UPI-led engagement to build lending, commerce business
While rewards and cashback continue to attract users, companies are increasingly positioning them as tools to deepen engagement rather than standalone customer acquisition strategies
New Aadhaar App from July 1, 2026: Will all your old Aadhaar records be erased from mAadhaar app?
The older mAadhaar App is retiring on June 30, 2026, making way for a new, enhanced Aadhaar App. Don't worry, your existing Aadhaar records will not be deleted; the app is merely a service access point.
Small savings scheme interest rates: The Finance Ministry has kept interest rates on all small savings schemes unchanged for the JulySeptember 2026 quarter. Rates remain 8.2% for SCSS and Sukanya Samriddhi, 7.7% for NSC, 7.5% for Kisan Vikas Patra and 5-year deposits, 7.1% for PPF, and 4% for Post Office Savings Account.
New Railway Act amendments, effective July 2026, significantly hike penalties for common travel offenses. Travelling without a ticket now incurs fare plus a minimum Rs 500 penalty, shifting from criminal charges to recovery.
