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Gramin Dak Sevaks (GDS) will now receive a Dearness Allowance (DA) of 60% of their basic Time Related Continuity Allowance (TRCA) starting January 1, 2026. This increase aligns GDS DA rates with those of central government employees. The Department of Posts confirmed this revision following an approval from the Ministry of Finance.
Builder denied proper parking? Know your rights under RERA & key court rulings
Homebuyers facing parking disputes with builders can leverage RERA guidelines and judicial precedents. While RERA may not dictate specific parking sizes or guest allocations, court rulings clarify common area vs. garage distinctions and address issues like pillar encroachment and inadequate aisle width. Transparency in sale agreements and adherence to NBC norms are crucial for resolving these conflicts.
Employee wins Rs 50,000 compensation from EPFO for 10-year delay in processing EPF transfer claim
The Chandigarh Consumer Commission ruled that the EPFO cannot use software issues as an excuse for a decade-long delay in transferring an employee's PF funds. Despite the EPFO's claims of technical difficulties, the commission found an inordinate and unexplained delay, amounting to deficiency in service. The EPFO was directed to pay Rs 50,000 as compensation and litigation costs.
War & Caution: Retail investors temper equity MF buys in April
Retail investors channeled 38,440 crore into equity mutual funds in April, a slight dip from March, amid oil price uncertainty. SIP collections also saw a decrease. Despite this, overall assets under management rose significantly due to debt fund inflows and equity market gains.
The standalone health insurance company believes the retail health insurance industry would grow at around 1617% CAGR over the next few years
Q4 ResultsToday, May 11, 2026, Highlights: Follow our live
BoB aims 10% corporate growth in FY27, 50,000 cr loans in pipeline
The bank will continue to look for funding beyond deposits as well in order to take care of liabilities
Railway pensioners and family pensioners will receive a Dearness Relief hike. Their relief will increase from 58% to 60% of their basic pension. This change takes effect from January 1, 2026. This move aims to compensate for rising prices. The increase will boost monthly pensions for millions of retirees across India.
The new labour code (Code on Wages) has given employers an option to conduct four days work week with three days fixed days off for employees. However, note that this is optional and there are certain conditions which employees and employers both need to follow before moving with four days work-week.
Investor appetite shifted towards riskier mutual fund categories in April, with mid- and small-cap funds attracting record inflows and delivering stronger returns, while large-cap funds saw declining inflows amid changing retail investment preferences despite ongoing market volatility and valuation concerns.
SEBI proposes GARUDA green-channel for faster AIF scheme launches
Under the proposal, regular AIF schemes would be allowed to launch within 10 working days of filing the PPM with SEBI through a merchant banker, unless the regulator raises objections.
8 income tax form changes in FY 25-26 that every taxpayers should know: From PAN Card to TDS forms
Mutual fund SIP inflows decline 3% month-on-month to Rs 31,115 crore in April: AMFI data
Monthly mutual fund SIP inflows declined to Rs 31,115 crore in April compared to a fresh record high of Rs 32,087 crore in March. On a yearly basis, the monthly SIP inflow went up by 18% from Rs 26,400 crore in April 2025.
ADB commits over $5 billion to India in 2025 for skills, clean energy, transport and urban projects
The total commitment included $4.238 billion in sovereign lending and $1.06 billion for private sector operations
RBI may hike rates twice in FY27 amid inflation and El Nino risks: HSBC
HSBC also lowered Indias FY27 GDP growth forecast to 6 per cent, warning that higher food prices, industrial cost pressures and climate-related disruptions could create a difficult policy environment for the RBI
Canara Bank Q4FY26 earnings soften, posts 10% dip to 4,506 cr
Domestic deposits rose 7.95 per cent y-o-y to 14,36,905 crore as of March 2026, compared to 13,31,137 crore in the same period last year
Sunil Singhania led Abakkus Mutual Fund crosses Rs 5,000 crore in AUM with 1 lakh unique investors
Abakkus Mutual Fund, led by Sunil Singhania, has achieved a significant milestone, surpassing Rs 5,000 crore in assets under management with over 1 lakh unique investors. Launched in December 2025, the fund house attributes its rapid growth to investor confidence, a disciplined research-driven approach, and a focus on building trust and transparency.
A 29-year married Redditt user has shared his story of how, just four years into his job, he not only paid off his education loan but also created a corpus of Rs 50 lakh, starting his investment journey from scratch with no family inheritance.
Quant Small Cap Fund: RIL and HDFC Bank among stocks bought and sold in April
Quant Small Cap Fund adjusted its holdings in April 2026. The fund exited HDFC Bank, Jio Financial Services, and Aarti Industries among others. New additions included Triveni Tribune, Sai Parenterals, and PTC India. Exposure was trimmed in Adani Power and Aegis Logistics. The fund increased its stake in Black Box, Capacite Infraprojects, and RBL Bank.
Post office TD vs PSU bank 5-year FD: Where can you get higher maturity on Rs 2 lakh investment?
For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25%. This translates to a significantly higher maturity amount on a Rs 2 lakh investment, with the Post Office TD potentially yielding nearly Rs 90,000 in returns.
Central government employees are concerned about their NPS retirement corpus due to market fluctuations. The All India NPS Employees Federation has proposed an assured pension of 50% of last-drawn salary plus DA to the 8th Pay Commission, arguing the current model provides inadequate pensions for many, especially those with shorter service or lower pay levels.
HDFC Mid Cap among 5 midcap funds with highest cash holding. Check details
Several midcap funds maintained significant cash reserves in March, with Axis Midcap Fund leading at approximately 9.3%. Other funds like the Taurus Mid Cap Fund and the HDFC Mid Cap Fund also held substantial cash, reporting 8.8% and 7.7% respectively. Baroda BNP Paribas and Bank of India Mid Cap Funds rounded out the list with allocations of 7.5% and 6.5%.
Planning to rebalance your mutual fund portfolio amid market volatility? Heres what experts suggest
The recent notification of the Social Security (Central) Rules, 2026 under the Code on Social Security, 2020 marks a significant shift in Indias wage and social security compliance framework. As the expanded definition of wages increases social security liabilities, many employers may consider restructuring salary structures to manage rising costs. However, section 124 of the Code places an important restriction on such measures by prohibiting employers from reducing employee wages or benefits to offset these additional liabilities.
JioBlackRock Flexi Cap Fund exits 3 AMC stocks, HAL, and 13 others in April
JioBlackRock Mutual Funds Flexi Cap Fund completely exited 17 stocks in April, including AMC companies and Hindustan Aeronautics, while adding 27 new stocks to its portfolio. The fund also increased exposure to several large-cap names and expanded its portfolio size from 107 to 117 stocks.
Prime Minister Narendra Modi urged citizens to temporarily reduce gold purchases for one year to ease pressure on foreign exchange reserves and imports. Following his appeal, gold prices saw a slight dip. Today, 22k gold is priced around Rs 13,945 per gram at major retailers, with Tanishq showing a slightly higher rate.
RBI should dial back rupee intervention: Former Governor Subbarao
The central bank should let the exchange rate weaken to send the correct price signals amid rising import costs and foreign fund outflows, Duvvuri Subbarao, governor of the RBI from 2008 to 2013, said
Tata Large Cap Fund has turned a Rs 10,000 monthly SIP into over Rs 5 crore in 28 years. The fund also delivered substantial returns on lump sum investments. Experts highlight its disciplined approach and focus on quality companies.
Can you be fired from job despite achieving your annual target? Know what the labour law says
Meeting annual targets doesn't guarantee job security in the private sector. Labour laws, particularly the Industrial Disputes Act, offer protections for 'workmen' against unfair retrenchment, including the Last In, First Out principle. Managers, however, have weaker protections, with wrongful termination claims often being contractual and focusing on discrimination or policy violations.
Second marriage & dowry harassment: SC quashes FIR against in-laws, keeps 498A case against husband
The Supreme Court quashed FIRs against a husband's in-laws and sister in a dowry harassment case. While the wife alleged they were aware of his second marriage, the court found no evidence of their active participation. The case against the husband, however, proceeds due to specific allegations of torture and dowry demands.
RBI likely selling dollars to limit rupee's fall, traders say
Rupees fall amid a renewed surge in oil prices has surfaced worries over the risks to Indias economic outlook
The one number that can save you lakhs on your home loan; do you have it?
Protecting your household budget with EVs, solar
Fuel prices are volatile, electricity tariffs are rising, and your LPG cylinder is at the mercy of global events. Heres how switching to an EV, rooftop solar, or an induction cooktop can protect your household budget. And what it will actually cost you.
Crude surge reshapes oil & gas sector outlook
Global oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a major concern. High oil prices are impacting demand. Upstream companies benefit, while downstream oil marketing companies face margin pressure. Natural gas recovery is expected to be slower.
How infrastructure is reshaping real estate demand
To maximise gains from an anticipated infrastructure development, the most crucial point to keep in mind while investing early is that pricing often runs ahead of liveability. Unlike the ecosystem of social infrastructure like schools and hospitals, retail catches up and end-user demand remains cautious.
Why most Indians retire asset-rich but income poor
One of the industrys most recognisable voices on investing, Radhika Gupta, MD and CEO, Edelweiss Mutual Fund, has helped shape both her fund house and the broader industry conversations around investing. In this conversation with Sanket Dhanorkar, she talks about why she prefers simple investment solutions.
Missed claim deadline? Reimbursement still possible
A Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 90-day deadline. The court invoked Section 28 of the Contract Act, deeming such clauses void. This judgment emphasizes that genuine claims should be assessed on merits, not technical procedural delays, aligning with IRDAI's fair claims philosophy.
From glossy returns to tax drag, what an equity PMS earns investors often trails what is advertised.
Bundled vs standalone: Which travel cover wins?
Since both serve specific purposes and needs, pick the one that suits your travel itinerary and circumstances
Why Indian investors are turning to foreign markets
Indian investors are increasingly looking beyond domestic markets for diversification and better returns. Seeking exposure to global innovation and facing weaker local market performance, a growing number are investing overseas. Easier access through new platforms and a weaker rupee are making foreign assets more attractive, with significant growth seen in global feeder funds and overseas equity investments.
Why reputation capital is your second job at work
Salary is Job 1. Reputation is Job 2. Most manage only one, says Devashish Chakravarty
Small and micro caps lead market gains in 2026
Welcome to TrendMap, your 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.
Small savings schemes explained: Safe returns & tax benefits
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 102nd part of this series, Riju Mehta details the features of such schemes.
RBI and ECB sign a new MoU for strengthening central bank cooperation
The updated MoU, which replaces an earlier agreement signed in 2015, provides a framework for regular exchange of information, policy dialogue and technical collaboration between the two institutions in areas of mutual interest in the field of central banking
CMS wins 5-yr managed ATM services outsourcing mandate from HDFC Bank
Order valued at 400 crore
Rajeev Thakkar and Sankaran Naren see value in IT despite AI disruption concerns
Veteran fund managers Rajeev Thakkar and Sankaran Naren believe select Indian IT stocks are becoming attractive despite AI disruption concerns. While Naren called the sector a contrarian valuation play with possible risks, Thakkar argued Indian IT firms have historically adapted to technological shifts, and AI-driven productivity could ultimately expand demand.
Equity MFs delivered over 8% return last week. Check top 9 funds with over 5% gain
Equity mutual funds saw a strong performance last week, with over 8% returns for the category. Among the top performers, international funds like Mirae Asset Global X Artificial Intelligence & Technology ETF FoF led the pack with an 8.49% gain.
Mutual fund NFOs: 2 passive funds to open for subscription this week; check key details here
Two new passive mutual funds are launching this week to expand fund houses' offerings. DSP Nifty FMCG ETF opens May 12-14 with a Rs 5,000 minimum, while HDFC Gold Silver Passive FoF opens May 15-29 with a Rs 100 minimum. Investors should choose based on their risk appetite and goals.
Navneet Munot, Nilesh Shah and Kalpen Parekh caution investors against chasing unrealistic returns
Top mutual fund managers at the Groww India Investor Festival 2026 advised investors to avoid unrealistic return expectations, emotional investing and social media-driven decisions. They stressed disciplined SIP investing, asset allocation, patience and behavioural awareness as key drivers of long-term wealth creation while remaining optimistic about Indias long-term growth prospects.
PMJJBY, PMSBY settle claims worth 25,160 cr since their launch in 2015
Citing data on the 11th anniversaries of the Jan Suraksha Schemes, Sitharaman said that over 27 crore, 58 crore and 9 crore enrolments have been done under PMJJBY, PMSBY and APY, respectively
NFOs : 7 mutual funds and 3 SIFs are open for subscription. Check details
Seven new mutual fund schemes and three Specialised Investment Funds (SIFs) are currently open for subscription, offering investors fresh opportunities across equity, debt, hybrid, and thematic categories.
New to mutual funds? Experts suggest using 50-30-20 rule to build a smart investment strategy
New investors often find mutual funds daunting. Experts advise focusing on personal goals, risk tolerance, and investment timelines over market noise. For beginners, starting with stable categories like large-cap or index funds is recommended. Hybrid and dynamic funds can also ease the journey. Emotional reactions to market dips should be avoided; consistency is key.
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
For senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank proudly tops the list with an impressive 8.05% for a five-year commitment. Other small finance institutions are also stepping up with competitive offers. Remember, while it's tempting to chase high returns, prioritizing safety is key.
Q4 ResultsToday, May 9, 2026, live: Catch live updates on companies like Blue Dart Express, Kewal Kiran Clothing, Medi Assist Healthcare Services, Sambhv Steel Tubes, Utkarsh Small Finance Bank and others here.
The Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and foreign assets. These updates aim to simplify filing for various taxpayer categories, including individuals, businesses, and presumptive income earners.
Fake income tax emails target Indians: Kaspersky warns of SilverFox hacker attack
Cybersecurity firm Kaspersky has warned Indian consumers about a sophisticated phishing campaign by the SilverFox hacker group. These malicious emails, disguised as official Income Tax Department notices, aim to trick users into downloading malware. The attackers use a multi-stage approach, deploying backdoors like ValleyRAT and ABCDoor to gain remote access and steal sensitive data.
Missed GST return filing? Your GST registration could be suspended; check the legal position
GST registration can now be suspended for even minor delays in filing returns, a shift from the previous six-month rule. Experts highlight this change, enacted in 2022, is causing business disruptions. While authorities have more flexibility, concerns are raised about arbitrary actions and the need for clearer guidelines and appeal mechanisms.
Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April
Parag Parikh Flexi Cap Fund boosted its holdings in ITC, TCS, and HDFC Bank during April. The fund also increased its stake in fourteen other companies, including Indraprastha Gas and HCL Technologies. Exposure was reduced in Coal India and Power Grid Corporation of India. The fund made a complete exit from Balkrishna Industries.
Aishwarya Bachchan won a tax case in ITAT Mumbai. She claimed Rs 1.49 crore interest deduction on a loan taken for Venture Capital Fund investments. The tax department denied this. ITAT ruled in her favour, allowing the deduction. The tribunal cited consistency in accepting similar claims and sufficient proof of fund utilisation for income generation.
Saturday bank holiday: Are banks open or closed today on May 9, 2026?
Bank holiday today: Bank customers should check whether banks are open or closed before making a physical visit to a branch. Apart from regular weekend closures and national holidays, banks in different states will also remain closed in May 2026 on various regional and local occasions.
SC extremely shy to order arrest inADAGbank fraud case
Says arrest is a matter for probing agencies;CBIpegs losses in 7 cases at 27,337cr
The RBI has also prescribed a revised formula for determining eligible profit that can be included in CET1 capital
SBI reports modest 6% profit rise in Q4FY26 amid lower treasury income
Lower provisions and steady loan growth support SBI earnings amid margin compression
Bank of Baroda clocks 11% increase in Q4 profit at 5,616 cr
Board recommends a final dividend of 8.50 per equity share for the FY26
Karur Vysya Bank guides for steady FY27 credit growth amid global uncertainties
The bank cautious on its guidance for NIM and return on assets due to uncertainties around interest rates, deposit costs and geopolitical risks
Citigroup highlights Indias key role in global growth strategy
India has emerged as an increasingly important hub for facilitating cross-border capital flows, says Balasubramanian
The Latest Home Loan Interest Rates: May 01, 2026
The Latest Home Loan Interest Rates: May 01, 2026
The Latest Fixed Deposit Interest Rates: May 01, 2026
The Latest Fixed Deposit Interest Rates: May 01, 2026
Setty also dismissed reports of a crisis in Point of Sale (POS) terminals linked to the ongoing West Asia crisis
Homeowners in Uttar Pradesh can now file online complaints against builders for illegal transfer charges. UP-RERA has activated a new mechanism allowing successors of deceased allottees to challenge unlawful demands. This move, following a regulatory amendment, caps processing fees for family transfers at Rs 1,000 and for non-family transfers at Rs 25,000.
Ujjivan Small Finance Bank Q4 profit surges 3-fold to 282 cr
The bank had posted a net profit of 83 crore in the year-ago period
A Will has always been optionally registrable under Section 18 of the Registration Act, 1908, and registration is not mandatory for validity. What Maharashtra has now done, by extending its One District One Registration framework to testamentary instruments, is two-fold: it has decoupled the act of registration from territorial jurisdiction, and reaffirmed the nominal Rs 100 fee with no statutory deadline for presenting the will.
8th Pay Commission: Railway employees body demands higher HRA, DA merger and retirement benefits
How long will it take to double your investments? Heres how the Rule of 72 works
The Rule of 72 helps investors estimate investment doubling time by dividing 72 with annual return rate. It simplifies compound interest calculations, though results remain approximate for extreme interest rates.
Searching for mid-cap mutual funds? Here are 5 funds for investing in May
ETMutualFunds has shortlisted top midcap mutual funds based on rolling returns, consistency, downside risk, outperformance and asset size. Funds from Axis, PGIM India, Invesco, Kotak and Tata featured in the list. Experts suggest midcap funds are suitable only for investors with high risk tolerance and long investment horizons.
RBI announces result of underwriting auction for 34,000 crore government securities
The underwriting auction was conducted for the Government of India security with a notified amount of 34,000 crore, according to the RBI release issued on Friday
The Patna High Court has issued comprehensive directions for the National Lok Adalat on May 9, 2026, aimed at facilitating the smooth settlement of pending traffic challans under Bihar's One-Time Settlement Scheme. Authorities are instructed to ensure accessible locations, online payment options, and adequate security and parking to manage anticipated large crowds and prevent interference from external agents.
NBFCs plan 15,000 crore in debt sales as yields decline
A drop in corporate debt yields, especially for shorter term funds, has prompted companies to go back to the market after a quiet April
Quant Small Cap Fund exits HDFC Bank, Jio Financial Services and 5 other stocks in April
Quant Small Cap Fund reshuffled its portfolio in April, exiting seven stocks including HDFC Bank and Jio Financial Services while adding new names and trimming exposure in select counters. The fund maintained a defensive stance with higher large-cap allocation, aiming to manage volatility and improve liquidity amid broader market uncertainty.
Gold and silver prices remained largely unchanged on May 8, 2026, following an uptick driven by easing inflation concerns and potential US-Iran peace talks. Experts predict gold could reach $4,800-$4,850, while silver eyes $85, with markets awaiting key economic data.
SoftBank cuts target for OpenAI margin loan by 40% to $6 billion
The Japanese conglomerate is now seeking about $6 billion, down from the earlier $10 billion plan; Downsizing reflects hesitation among potential lenders over private AI valuations
Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance banks also present competitive rates.
Invesco Mutual Fund resumes subscription in 3 international funds
Invesco Mutual Fund has resumed subscriptions for three international funds, including Global Equity Income, Pan European Equity, and Global Consumer Trends, effective May 8. Subscriptions will be permitted up to available headroom without breaching overseas investment limits as of February 1, 2022. The fund house reserves the right to temporarily suspend subscriptions if limits are approached.
IMF warns AI-driven cyber threats could destabilise global financial markets
Advanced AI models now reduce the time and cost required to identify and exploit weaknesses, increasing the probability of attackers targeting widely used systems simultaneously
Hyderabad's luxury real estate market saw a significant surge, with High Net Worth Individuals (HNIs) and Ultra HNIs investing Rs 8,562 crore in FY2026. The report highlights Kokapet, Nanakramguda, and Manchirevula as prime locations, indicating a shift in investment focus towards the city's growing luxury ecosystem.
Motilal Oswal Mutual Fund has launched its Contra Fund, open for subscription until May 22. The fund aims for long-term capital appreciation by investing in fundamentally sound but undervalued stocks. Experts suggest this strategy suits patient investors with a 3-5 year horizon, especially during market volatility.
Your in-hand salary may not change under the new labour code yet, know why
Salaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI coverage are changing, the full impact on in-hand salary, particularly PF contributions, is pending. Employers are strategizing transitions, with changes often linked to annual reviews rather than immediate pay slips.
Goldman Sachs private credit funds share of bad loans rises
Investments typically reserved for a funds troubled holdings now make up 4.7% of Goldman Sachs BDC Inc.s portfolio at cost, according to a filing on Thursday
