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State Bank of India, HSBC and ICICI lead India's overseas deposit drive, data shows

ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the countrys largest and third-largest private lenders respectively, raise about $1.5 billion each

The Hindu Businessline 3 Aug 2026 3:24 pm

Using pick-up and drop for car service? Know who pays if an accident happens

Service centres cannot evade responsibility for accidents during vehicle pick-up and drop-off. A signed waiver does not absolve them of negligence or deficient service. Insurance companies may still cover claims, then recover costs from the negligent party. Dealers face direct liability, while manufacturers' responsibility is less automatic. Damage within service centre premises shifts significant legal burden to the centre.

The Economic Times 3 Aug 2026 3:20 pm

Should investors redeem equity mutual funds after strong returns? Here's when rebalancing matters

Portfolio reviews every six to 12 months are generally sufficient for long-term investors, according to Prableen Bajpai of FinFix Research and Analytics. She advises rebalancing only when asset allocation deviates meaningfully, financial goals approach, or major life events warrant a review.

The Economic Times 3 Aug 2026 2:35 pm

Will FD investors get higher interest rates as Iran-US war continues and inflation shoots?

Rising inflation and increased credit demand are pushing banks towards higher fixed deposit rates. Banks are also facing competition from small savings schemes and government securities. Deposit growth has slowed while credit demand has climbed significantly in recent months. This widening gap may compel banks to attract more deposits through better rates. Banks may revise fixed deposit rates after any Reserve Bank of India policy changes.

The Economic Times 3 Aug 2026 2:28 pm

MPC's 3-day meeting begins amid expectations of status quo on interest rates

As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth

The Hindu Businessline 3 Aug 2026 2:21 pm

FM Sitharaman moves bill on presenting bank records as evidence in courts, will replace 125-yr-old law

The Bankers Books Evidence Bill, 2026, which seeks to repeal the 1891 Act, provides for a technology-neutral legal framework for bankers books

The Hindu Businessline 3 Aug 2026 2:20 pm

Gold rate today (August 3, 2026): Check 24k, 22k, 20k and 18k gold jewellery prices from IBJA, Joyalukkas, Tanishq, Kalyan Jewellers and Malabar Gold & Diamonds in Delhi, Mumbai, Hyderabad, other cities

Gold price today: Gold prices remained steady on Monday, August 3, 2026, across major Indian jewelry brands. The India Bullion and Jewellers Association provided indicative rates for various gold purities. These rates may fluctuate based on location and taxes.

The Economic Times 3 Aug 2026 1:35 pm

HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check details

HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) deposit tenures, effective August 2026. The government will bear hedging costs on three to five-year FCNR(B) deposits until September 2026.

The Economic Times 3 Aug 2026 1:04 pm

Karnataka Bank launches KBL Finsurance platform

The project is powered by SprintMoney, a fintech company providing a comprehensive suite of white-labelled digital solutions to banks and financial institutions

The Hindu Businessline 3 Aug 2026 12:34 pm

Can housing societies charge separately for facilities like gyms or swimming pools in addition to maintenance fees? Know what the law says

Are housing societies allowed to impose user charges for facilities like gyms or swimming pools separately from maintenance? Know what the law says. The law says the Apartment Owners Association cannot impose arbitrary, retrospective or discriminatory charges that effectively deny equal access to common amenities.

The Economic Times 3 Aug 2026 12:03 pm

RBI provides banks greater flexibility to determine bulk deposit interest rates; changes effective from October 1, 2026

New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in setting interest rates for bulk deposits of three crore rupees and above. These institutions must now publish bulk deposit rates on their websites daily by ten AM.

The Economic Times 3 Aug 2026 11:47 am

Hackers hit Bitcoins safest hiding place in ongoing attack

Roughly 1,367 of the tokens worth some $86 million had been drained from more than 4,500 wallet

The Hindu Businessline 3 Aug 2026 11:46 am

Sensex, Nifty underperform over 2 years, but these 3 mutual funds deliver double-digit gains

Benchmark indices like Sensex and Nifty 50 showed negative returns over two years. However, select midcap, smallcap, and multicap funds delivered double-digit gains. These funds benefited from active stock selection and exposure to different market segments. Experts advise a balanced approach, combining index and actively managed funds. Investors should focus on asset allocation and gradual investments through SIPs.

The Economic Times 3 Aug 2026 10:12 am

RBI MPC meeting begins today; Rate pause likely as policymakers balance inflation risks and growth concerns

Economists and market experts believe the RBI is unlikely to rush into any change in interest rates despite persistent global headwinds, including elevated crude oil prices and a relatively hawkish U.S. Federal Reserve

The Hindu Businessline 3 Aug 2026 9:29 am

Q1 Results Today Live: DLF, UPL, Torrent Power, IREDA, KEI, Escorts Kubota, Jindal Stainless, Ather, Inox, Nazara, KIMS, MobiKwik, Texmaco, DOMS Q1 results today, Bajaj Finserv, ITC, Urban Company shares gain, Muthoot Finance, Sun Pharma, Persistent Systems in red after Q1

Q1 Results Today, 03rd August 2026 Live Updates: Get real-time Q1 FY27 earnings updates, profit growth, revenue numbers and management outlook

The Hindu Businessline 3 Aug 2026 9:25 am

Oil jumps 20% in July as US-Iran war escalates

Oil prices saw volatility last week but are set for significant monthly gains. Escalating United States-Iran tensions and Houthi attacks are impacting global energy markets. Saudi Arabia is forming an alliance to protect Red Sea navigation from militant blockades. Concerns also persist regarding supply disruptions in the Black Sea region. Energy markets are reacting to geopolitical events and drawing down United States stockpiles.

The Economic Times 3 Aug 2026 6:30 am

Market returns: Micro caps & small caps lead in 2026

Heres our TrendMap, your quick guide to the performance of different investment segments. No single segment always leads. In this edition, we present a 10-year equity performance tracker, ranking annual returns across market-cap segments. Investors risk appetite has turned more selective in 2026 so far. By Sameer Bhardwaj.

The Economic Times 3 Aug 2026 6:30 am

Why gifting wealth early makes sense

Gifting and charity, in cash and kind, during ones lifetime offers the scope for creating shared experiences of celebration, travel, entertainment and eating out together, for both generations. The caveat, of course, is the inability and perhaps unwillingness of seniors to make spending decisions.

The Economic Times 3 Aug 2026 6:30 am

How teenagers can master the art of budgeting

Bala eyed a Rs.1,500 online shopping cart with a tech organiser and gel pens. But with a Rs.2,500 monthly allowance, he realised buying both meant giving up his Friday pizza. He kept only the gel pens, saved Rs.1,000, and learned that budgeting is about making smart choices. Good money management starts with knowing where your money goes.

The Economic Times 3 Aug 2026 6:30 am

SIFs: Everything you need to know before investing

A guide to the objective, strategy, risk band and red flags that separate a good SIF from a risky bet.

The Economic Times 3 Aug 2026 6:30 am

REIT mutual funds vs REITs: Who has the edge?

REIT mutual funds just fixed the tax drag that kept sharp investors on the sidelines, along with illiquidity and concentration risk.

The Economic Times 3 Aug 2026 6:30 am

Defence stocks rally: Still worth buying?

Order books, exports and government spending driving the sector, but valuations are no longer cheap.

The Economic Times 3 Aug 2026 6:30 am

Social Stock Exchange: Whats in it for investors?

Every SSE listing goes through months of due diligence, financial and social audits.

The Economic Times 3 Aug 2026 6:30 am

Big age gap between children? It comes at a cost

Kids years apart can mean juggling childcare and college costs at the same time, often delaying retirement.

The Economic Times 3 Aug 2026 6:30 am

Muthoot is to gold loan what SBI is to banking, George Alexander Muthoot

For our customers, gold loans remain primarily a short-term financing product.

The Hindu Businessline 2 Aug 2026 10:03 pm

ITAT Mumbai cancels income tax notice over Rs 8 crore compensation to tenants without their consent; rejects I-T department's contingent liability claim

Builder's hired firm wanted to pay 56 tenants additional Rs 8 crore to vacate land; Tax Dept sent notice citing this payment as contingent liability; ITAT Mumbai cancels tax notice and rejects tax dept's contention. Know the full details of what happened in this case.

The Economic Times 2 Aug 2026 3:46 pm

IRDAI mandates approval at every key ownership threshold in insurers as sector opens up

The most significant change relates to prior approval for share transfers

The Hindu Businessline 2 Aug 2026 3:33 pm

RBI likely to hold rates in August, retain hawkish tone: Economists

The MPC will meet between August 3 and August 5 to decide on the policy rates.

The Hindu Businessline 2 Aug 2026 2:23 pm

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

PNBs capital adequacy improved to 18.13% as on June 30, 2026, compared to 17.5% at the end of the first quarter of the previous fiscal year

The Hindu Businessline 2 Aug 2026 11:54 am

Know Your Fund Manager | Gaurav Chopra, Fund Manager Equity at Union AMC

With over a decade of experience in equity research, portfolio management and fund management, Union Mutual Fund's fund manager shares his career journey, investment philosophy and the principles that guide his approach to creating long-term wealth for investors.

The Economic Times 2 Aug 2026 11:42 am

Edelweiss Nifty REITs & Realty Index Fund, first-of-its-kind NFO to open on August 5. Key details investors should know

Edelweiss Mutual Fund is launching India's first REITs-oriented index fund, the Edelweiss Nifty REITs & Realty Index Fund, offering investors diversified exposure to listed REITs and real estate companies through a single passive fund. The NFO opens on August 5 and closes on August 19, with the fund aiming to provide tax-efficient access to the listed real estate ecosystem.

The Economic Times 2 Aug 2026 10:31 am

Mutual fund NFOs: 7 new funds will open for subscription this week. Check dates

Seven mutual fund NFOs from Kotak, Motilal Oswal, AlphaGrep, JioBlackRock, Edelweiss and Franklin India will open for subscription this week. The offers span index funds, ETFs, a fund of funds and a short-duration debt scheme, with minimum investments ranging from Rs 10 to Rs 5,000.

The Economic Times 2 Aug 2026 10:25 am

Equity mutual funds gained up to 6% in last week of July. Check top 15 with over 3% gain

Equity mutual funds delivered gains up to six percent in the last week of July. Top performers included technology and transportation sector funds which saw significant returns. SBI Technology Opp Fund and Aditya Birla SL Digital India Fund led the gains. ICICI Pru Transportation and Logistics Fund also performed well during this period. Several other tech and logistics funds also registered positive returns.

The Economic Times 2 Aug 2026 9:16 am

IIRM Holdings raises 150 crore from Carpediem Capital, Sanshi Fund-I

The proceeds will fund expansion, acquisitions, capital expenditure and working capital

The Hindu Businessline 1 Aug 2026 8:22 pm

CBI books Reliance Capital, ex-chairman Anil Ambani for causing EPFO loss of over 1,800 crore

The action stems from a July 21 complaint by the Union Ministry of Labour and Employment alleging cheating, criminal conspiracy, and causing wrongful loss to the EPFO

The Hindu Businessline 1 Aug 2026 8:00 pm

UPI clocks record 23.66 billion transactions in July as everyday usage powers growth

UPI transaction volumes rose 4.1% month-on-month from 22.72 billion in June, while the value of transactions increased 3.3% from 28.92 lakh crore

The Hindu Businessline 1 Aug 2026 7:41 pm

UPI transactions reach record high of 29.9 lakh cr in July

UPI transactions touched a record high of 29.9 lakh crore in May 2026

The Hindu Businessline 1 Aug 2026 7:14 pm

Muthoot Finance announces leadership succession: Names Alexander George as MD

Muthoot Finance has unveiled a leadership transition as it prepares for its next growth phase after achieving record business milestones

The Hindu Businessline 1 Aug 2026 5:22 pm

Muthoot Finance Q1 profit rises 25% to 2,550 crore; gold loan AUM jumps 44%

Strong demand for gold-backed credit helped Muthoot Finance deliver record loan growth and double-digit profit expansion in the first quarter

The Hindu Businessline 1 Aug 2026 4:49 pm

Karnataka Banks total business crosses 2 lakh cr

The gross aggregate business of the bank stood at 1,97,006.62 crore for the quarter ended June 30, 2026

The Hindu Businessline 1 Aug 2026 4:35 pm

Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's fault

Builder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer can't be penalised for builder's fault and gives him 54F tax exemption. Know how homebuyer won Section 54F tax exemption case in Telangana High Court.

The Economic Times 1 Aug 2026 4:16 pm

Parking dispute turns costly: Homebuyer loses court case after neighbour occupies his parking space with second car, here's why

Homebuyers lost access to his parking spot after neighbour parked his 2nd car there; Maharashtra co-op appellate court dismissed homebuyers' plea on this ground. The court held that a parking allotment made by a housing society to the original owner does not automatically pass to the 2nd purchaser of the flat. Know more.

The Economic Times 1 Aug 2026 1:04 pm

Mangalsutra, cash stolen on Rajdhani Express: Consumer Commission orders Railways to pay Rs 80,000; here's why

For theft of mangalsutra, State Bank of India (SBI) passbook and cash in Rajdhani 3AC coach, North Railways ordered to pay Rs 80,000 compensation to husband and wife duo; Know why. This article has the details.

The Economic Times 1 Aug 2026 12:06 pm

Bandhan Small Cap among 4 small caps that delivered over 20% CAGR since their respective inception

The top four small-cap mutual funds have delivered over 20% CAGR since their inception. Here's a detailed look at their AUM, inception dates, and performance. (Source: MF Screener)

The Economic Times 1 Aug 2026 11:35 am

FCNR(B) deposit inflows robust at $36.725 billion between June 8 and July 31: RBI

Banks have attracted massive NRI deposits under the RBIs temporary hedging facility, boosting forex inflows and strengthening external sector confidence.

The Hindu Businessline 1 Aug 2026 11:35 am

22k gold rate today: Check 18k, 20k, 22k, 24k gold prices (August 1, 2026) at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and IBJA

Here is a look at the latest 22k gold rates at leading jewellery brands and 14k, 18k, 20k, 22k and 24k indicative retail selling gold prices and the 999-purity silver rate at the Indian Bullion and Jewellers Association's (IBJA) today.

The Economic Times 1 Aug 2026 11:13 am

Explained: How the 8-4-3 rule of compounding can help you reach Rs 1 crore sooner

Disciplined investing and compounding accelerate wealth growth towards a Rs 1 crore corpus. The 8-4-3 rule demonstrates how initial investments grow significantly over time. Higher investment returns and frequent compounding periods reduce the time needed to reach financial goals. Starting early and investing consistently maximizes the benefits of compounding for wealth accumulation. Time is a crucial advantage, allowing investments to multiply substantially with regular contributions.

The Economic Times 1 Aug 2026 10:23 am

Looking for top-performing equity mutual funds? Here are the best performers across categories in the last 1 year

Returns from mutual fund schemes over the past year varied sharply across categories, highlighting the importance of choosing the right fund. Here's a look at the top-performing schemes in each category compared with their benchmark and category average, based on an ET Bureau report.

The Economic Times 1 Aug 2026 10:18 am

Retiring with an EMI? Here's when it can make sense and when it could derail your retirement

Retiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than complete debt elimination. High-interest unsecured loans pose the greatest risk to retirement finances. Strategic debt management and income generation can support manageable EMIs. Planning finances across life stages helps avoid retirement debt burdens.

The Economic Times 1 Aug 2026 9:18 am

Fed Chair Kevin Warsh proposes reducing number of Federal Reserve policy meetings: Report

The proposal could mark the biggest operational change at the Federal Reserve in decades, altering how often policymakers communicate.

The Hindu Businessline 1 Aug 2026 7:06 am

FD rate up to 8.3% for senior citizens investing for three years; Know list of banks

Select banks offer senior citizens fixed deposit interest rates up to 8.3 percent. Jana Small Finance Bank provides this highest rate for a three-year term. TDS is deducted if FD interest exceeds Rs 1 lakh annually for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero. This form helps banks avoid deducting tax when income falls below taxable limits.

The Economic Times 1 Aug 2026 7:06 am

Missed filing your ITR by July 31, 2026? Know your options and heres what you can do now

Taxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a late fee. Alternatively, a condonation of delay application can be submitted for acceptance. Filing after the due date incurs interest on unpaid taxes and potential loss of benefits. This process may also lead to delayed refunds and increased compliance scrutiny.

The Economic Times 1 Aug 2026 7:01 am

Saturday bank holiday: Are banks open or closed today on August 1, 2026? Check if HDFC Bank, SBI, PNB and others are open

All scheduled and non-scheduled banks observe holidays on the second and fourth Saturdays. Banks remain open on the first, third, and fifth Saturdays unless a holiday is specified.

The Economic Times 1 Aug 2026 7:00 am

GIFT City investment for NRIs: Know your options, tax benefits, and how to invest in India in dollars

GIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investment products. Investors can avoid rupee conversion and navigate repatriation rules easily. Various investment options like mutual funds and fixed deposits are available. Read the article to look at the investment options, tax benefits, and the process to get started.

The Economic Times 1 Aug 2026 7:00 am

Bessents to-do list says Buy $5-10 billion in Japanese yen, Reuters photo shows

A Reuters photograph has sparked fresh speculation over possible U.S. Treasury action after Japanese authorities intervened to support the yen

The Hindu Businessline 1 Aug 2026 6:59 am

ITR income tax filing deadline extension date July 31 2026: Has due date been moved to August?

The July 31, 2026, income tax return filing deadline remains unchanged for many taxpayers. Those who missed this date must now file a belated return and pay a late fee. Taxpayers with business income and those requiring a tax audit have different filing deadlines. The due date for business income without audit is August 31, 2026. Taxpayers needing a tax audit must file by October 31, 2026.

The Economic Times 1 Aug 2026 12:01 am

RBI streamlines supervisory framework with 64 Master Directions, withdraws 628 circulars

The new directions consolidate 628 existing circulars, including Master Circulars and earlier Master Directions, into a streamlined framework covering 11 categories of regulated entities.

The Hindu Businessline 31 Jul 2026 9:09 pm

Aditya Birla Capital Q1 net profit up 40% at 1,175 crore

Revenue grew 29 per cent yoy to 14,731 crore

The Hindu Businessline 31 Jul 2026 9:08 pm

Banks gradually increasing interest rates on fresh term deposits and loans

Banks also raise the one-year median MCLR to 8.6 per cent in July

The Hindu Businessline 31 Jul 2026 8:57 pm

ESAF Small Finance Bank clocks 80 crore PAT in Q1FY27

Banks gross advances stood at 23,216 crore and secured advances increased to 14,465 crore

The Hindu Businessline 31 Jul 2026 7:34 pm

Karnataka Bank appoints ParthasarathiPeriaswamyasAdditionalDirector

Periaswamy is a technology and cybersecurity leader with over three decades of experience at the highest levels of Indias financial sector

The Hindu Businessline 31 Jul 2026 7:16 pm

The Latest Fixed Deposit Interest Rates: Jul 31, 2026

The Latest Fixed Deposit Interest Rates: Jul 31, 2026

The Hindu Businessline 31 Jul 2026 7:00 pm

The Latest Home Loan Interest Rates: Jul 31, 2026

The Latest Home Loan Interest Rates: Jul 31, 2026

The Hindu Businessline 31 Jul 2026 7:00 pm

Pensionbazaar strengthens its corporate NPS platform to simplify retirement planning

Pensionbazaar has improved its Corporate National Pension System offering. This aims to make retirement planning more accessible and seamless for employees. The platform simplifies onboarding, contribution management, and account servicing for employers. Employees can now digitally manage their retirement corpus and track progress easily. This initiative seeks to make retirement planning a workplace priority and a natural financial journey.

The Economic Times 31 Jul 2026 6:55 pm

DA hike for June 2026: Central government employees likely to get 63% dearness allowance after hike

DA hike: Central government employees anticipate a 3% dearness allowance increase. This expectation arises from the latest AICPI-IW reading for June 2026. The calculation suggests a potential 63% overall dearness allowance for employees. This hike will impact salaries across various pay levels under the 7th Pay Commission. The Finance Ministry will officially announce the final dearness allowance increase.

The Economic Times 31 Jul 2026 6:19 pm

K Rajaraman gets extension as IFSCA chief till October 2028

Rajaramans extension is aimed at ensuring continuity at the helm as the regulator works towards strengthening the International Financial Services Centre ecosystem at GIFT City

The Hindu Businessline 31 Jul 2026 5:45 pm

RBI asks banks to install fake currency detection machines at branches along international borders

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes.

The Economic Times 31 Jul 2026 5:20 pm

Aditya Birla Capital Q1 profit rises 40% to 1,175 crore

The Hindu Businessline 31 Jul 2026 4:55 pm

PM Kisan instalment date: Check eligibility, beneficiary status and how to complete e-KYC

PM Kisan 24th instalment: The PM Kisan scheme provides annual income support to eligible farmer families. The 24th instalment is anticipated in October 2026, following the June 2026 disbursement. Farmers can verify their beneficiary status online using Aadhaar or account numbers.

The Economic Times 31 Jul 2026 4:54 pm

Planning to invest over Rs 10 lakh in fixed deposits? Here are 4 benefits of splitting your money across multiple FDs

Investors face a choice between single and multiple fixed deposits for large sums. Splitting deposits offers better liquidity and increased insurance coverage. FD laddering allows reinvestment at prevailing interest rates for potential gains. Managing multiple FDs requires more effort and careful tracking of renewals.

The Economic Times 31 Jul 2026 4:39 pm

Favara-UPI cross-border payment corridor goes live between Maldives, India

Following the launch of the service on Thursday (July 30), individuals from the Maldives can now transfer funds in real time to UPI-enabled bank accounts in India through their mobile banking applications

The Hindu 31 Jul 2026 4:34 pm

Bajaj Finservs Q1FY27 consolidated net profit attributable to owners up 12% at 3,132 cr

BFS to enter re-insurance business

The Hindu Businessline 31 Jul 2026 4:00 pm

Moody's assigns Baa2 rating to RBL Bank

The outlook for the bank is stable and incorporates strong affiliate support from Emirates NBD Bank, its largest shareholder

The Hindu Businessline 31 Jul 2026 3:52 pm

6 smallcap mutual funds deliver over 20% return in 6 months. Do you own any?

Six smallcap mutual funds delivered over 20% returns in the past six months, led by Bank of India Small Cap Fund, reflecting strong performance in the segment, according to ACE MF data.

The Economic Times 31 Jul 2026 3:50 pm

Wealth wisdom: If I had more money, I would have a better plan. My mentor responded ... said the author of 7 Strategies For Wealth & Happiness, - check this smart budgeting rule so you have more money

Do you also believe that having more would mean that you will have a better plan? Well, if you do, you might be wrong. 'Business philosopher Jim Rohn's 70/30 money rule explains why financial planning matters more than income. Read on to know budgeting rules to manage your money smarter.

The Economic Times 31 Jul 2026 3:31 pm

Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reason

Rs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salaried employees may not be well versed in complex tax provisions. Read the story to know the full details.

The Economic Times 31 Jul 2026 2:05 pm

Wealth creators: 12 equity mutual funds turn Rs 1,000 SIP to nearly Rs 3 crore since their inception

Twelve equity mutual funds have turned a Rs 1,000 monthly SIP into more than Rs 1 crore since their inception, with the top performer generating a corpus of up to Rs 2.86 crore. The list spans seven fund categories, led by midcap and flexicap schemes.

The Economic Times 31 Jul 2026 1:35 pm

8th Pay Commission salary calculator: How gross salary of central government employees may double in 7 years at high annual increment rate, DA merger with basic pay

Fitment factor in 8th Pay Commission: Employee groups recommend increasing annual increments and merging dearness allowance with basic pay. This move aims to accelerate salary growth for government employees and pensioners. A higher increment rate and DA merger could potentially double gross salaries within seven years. Various organizations have submitted specific proposals regarding increment percentages and DA merger thresholds. These recommendations are part of submissions made to the 8th Pay Commission.

The Economic Times 31 Jul 2026 1:16 pm

ITR filing deadline extension: Will Income Tax Department extend July 31 ITR filing due date? Heres what chartered accountants believe

ITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline extension for income tax returns is unlikely. The e-filing portal has been functioning smoothly with no widespread technical issues reported. Taxpayers should file their returns by the July 31 deadline to avoid penalties. The government has previously extended deadlines due to significant technical problems.

The Economic Times 31 Jul 2026 12:46 pm

22k gold rate today: Check 18k, 20k, 22k, 24k gold prices (July 31, 2026) at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and IBJA

Gold rate today: Gold prices saw a marginal increase at major jewellery brands today. Tanishq's 22k gold rate rose to Rs 13,300 per gram. Malabar Gold & Diamonds and Joyalukkas also reported slight price hikes. Kalyan Jewellers has yet to update its 22k gold price for the day. IBJA's indicative retail selling rates for gold and silver were also provided.

The Economic Times 31 Jul 2026 12:44 pm

Dont worry if you miss July 31, 2026 ITR filing due date as belated ITR with late fee can be filed by this date; Know who can file it

ITR filing deadline: Missing the July 31 income tax filing deadline allows for belated returns. Taxpayers can file a belated return within nine months of the tax year's end. A revised return can be filed within twelve months of the tax year's end.

The Economic Times 31 Jul 2026 11:49 am

What if you miss the July 31, 2026 ITR filing due date? Here are your options

Missing the July 31, 2026 ITR filing deadline incurs a late fee. Belated returns can be filed with interest and a penalty up to Rs 5,000. Crypto investors lose the ability to carry forward losses to future tax periods. Non-filing can trigger tax notices from the department. Options include condoning the delay or filing a belated return.

The Economic Times 31 Jul 2026 11:35 am

Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?

Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals. Filing a revised return corrects errors but large deviations may attract scrutiny. Belated returns are an option if the original deadline is missed. Missing the belated deadline has consequences similar to not filing at all.

The Economic Times 31 Jul 2026 11:06 am

Capital Group buys 1.5% stake in IIFL Fin for 374 cr; stock rises over 2%

The transactions were executed on Thursday at an average price of 590 apiece, taking the deal size to Rs 374.02 crore

The Hindu Businessline 31 Jul 2026 10:47 am