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PhonePe appoints Srijon Biswas as CTO
PhonePe co-founder Rahul Chari to take on role of CPTO
Indian Bank, VIT Chennai felicitate PSBS Hackathon 2026 winners for anti-fraud innovations
The hackathon focused on developing innovative solutions to detect and prevent banking fraud, including mule accounts and supply chain fraud
National Payments Corporation of India seeks approval to set up techfin centre in GIFT City
NPCI seeks approval to establish a techfin centre in GIFT City, enhancing Indias digital payment and financial technology landscape.
Employees Provident Fund interest for FY 2025-26 will be credited by July 15, 2026. Subscribers will receive an 8.25% interest rate on their EPF contributions. This marks the third consecutive year the interest rate remains unchanged. EPFO members can check their balance through the UMANG app or SMS service. Interest accrues monthly, so delays do not cause subscriber losses.
Binance's Richard Teng on crypto's role in modern financial infrastructure
Digital asset infrastructure is increasingly driven by efficiency and market access. Blockchain networks offer faster settlement and continuous risk management capabilities. Tokenisation and multi-asset platforms are reshaping financial distribution models. Clear regulation will significantly shape mainstream adoption of these technologies. India's digital public infrastructure may benefit from these evolving market structures.
HDFC Flexi and Parag Parikh Flexi Cap among top 5 flexicap funds with highest risk-adjusted returns
Sharpe ratio measures risk-adjusted returns by comparing excess returns to risk. Here are the five flexicap mutual funds with the highest Sharpe ratios and their three-year performance.
PGIM India Mutual Fund has temporarily suspended subscriptions in three international fund of funds from July 9, citing overseas investment limits. Fresh SIP registrations will not be accepted after the cut-off time on July 8, while existing SIP and STP instalments will continue without interruption.
KFintechs Finex accelerates same-day physical SIPs to redefine wealth creation
KFintech's Finex program significantly reduces mutual fund SIP processing times. Physical SIP registrations now achieve same-day activation, a major improvement. This transformation leverages AI and automation for efficient data handling.
Parag Parikh Flexi Cap increased stake in ITC, TCS, HCL Technologies, and 14 other stocks in June
Parag Parikh Flexi Cap Fund increased its holdings in ITC, TCS, HCL Technologies and 14 other stocks in June, while trimming exposure to Dr Reddys Laboratories and Maruti Suzuki India. The fund also added Petronet LNG as a new portfolio entrant and made no complete exits during the month.
Crypto firms prepare defenses as quantum threat to encryption draws nearer
Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital information
ITR filing 2026: Step-by-step guide to filing ITR-2 online on the income tax portal
Individuals and HUFs not eligible for ITR-1 can file ITR-2 online. This guide details the necessary documents and steps for submission. The e-filing portal requires filling specific schedules before final submission. Pre-filled data in Part A General needs verification and potential profile updates. E-verification must be completed within thirty days after submitting the return.
Filing ITR for FY 2025-26? Income Tax Department shares 10 mistakes to avoid and tips to follow
Taxpayers should gather documents and choose the correct tax regime and ITR form. Verify Annual Information Statement and Form 26AS details carefully before filing. Ensure all personal information and pre-filled data are accurate and verified.
Senior citizen paid Rs 1.23 lakh extra to upgrade to Air India business class due to his cervical spondylosis condition but seats turned to be faulty causing him neck, shoulder, lumbar pain and vertigo; NCDRC upheld Rs 20lakh compensation, refund order Read below to know how the senior citizen won the case.
Income tax slabs for Tax Year 2026-2027, FY 2025-26 (AY 2026-27) under the new tax regime
The new Income Tax Act, 2025, takes effect from April 1, 2026, maintaining current tax slab rates. Highest tax rate remains 30% for incomes exceeding Rs 24 lakh under this regime. Marginal relief prevents excessive tax burdens when income slightly crosses Rs 12 lakh. The new tax regime is now the default option for individual taxpayers. Salaried individuals benefit from a Rs 75,000 standard deduction and tax rebate.
RBI backs crypto ban, tax department warns of evasion risks, documents show
India's central bank has reiterated its preference for a cryptocurrency policy leaning towards prohibition, warning that crypto assets and stablecoins could threaten financial stability and monetary sovereignty, according to internal government documents reviewed by Reuters.
Quant Small Cap Fund exits RIL, 8 others; raises exposure to two Adani stocks. Check full list
Quant Small Cap Fund made a major portfolio reshuffle in June, exiting Reliance Industries and eight other stocks while increasing exposure to Adani Enterprises, Adani Green Energy and 13 more companies. The fund also added Bharti Airtel, IDFC First Bank and LIC Housing Finance as new portfolio entrants.
Gold prices saw a slight decrease today across major Indian jewellery retailers. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reduced their 22-carat gold rates. These price adjustments were observed in key cities nationwide.
Suggests higher limits for renewable energy, education and new categories for infrastructure, climate finance
The Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses under presumptive taxation. Previously, ambiguity existed regarding mandatory audits for lower profit declarations. The new Act expressly links lower-than-presumptive profit declarations to mandatory audits. This amendment brings greater certainty to tax compliance for small businesses.
Rs 20,000 SIP vs Rs 20,000 RD: Which monthly investment can generate higher returns in 5 years?
Monthly investments of Rs 20,000 in mutual fund SIPs and bank RDs are compared. SIPs offer potential for higher returns over five years, while RDs provide predictable outcomes. India Post RD offers 6.7% interest, yielding Rs 14.27 lakh after five years.
Non-resident Indians (NRIs) and overseas citizens of India (OCIs) can consider investing in FCNR(B) and NRE fixed deposits to achieve reliable returns. While FCNR(B) deposits safeguard against currency fluctuations as they are held in foreign currency, NRE deposits offer opportunities in Indian rupees without such protection. Ultimately, your decision should align with your currency expectations and future financial objectives. Both investment avenues are tax-exempt and allow full repatriation.
Many taxpayers mistakenly believe that rental income from a house gifted to a spouse is taxable in the recipient spouse's hands. This article explains the clubbing and deemed ownership provisions under Sections 27 and 64, the correct ITR reporting requirements, and seven key things taxpayers should know before filing ITR for AY 2026-27.
Central government employees now have two new investment choices. These options were previously available only to central government employees. Now, National Pension System subscribers in Central Autonomous Bodies can also access them.
Consistently filing Income Tax Returns creates a verifiable financial document. Banks often request these returns to assess loan applicant income stability. ITRs also help demonstrate financial capacity for visa and study abroad applications. Landlords and businesses may seek ITRs for tenancy and partnership evaluations. Preserving complete tax records is crucial for future financial needs and compliance.
Home loan EMI looks affordable? These hidden costs that calculators miss can change everything
EPF Scheme 2026: Has EPFO increased 8.25% EPF interest rate? Know the new rules
Smallcap funds deliver 22% average return in 3 months. Is it time to invest, hold or rebalance?
Small cap mutual funds delivered an average return of 21.89% over the past three months, sparking debate on whether investors should continue SIPs, invest afresh or rebalance portfolios. Experts advise sticking to long-term asset allocation, preferring staggered investments through SIPs or STPs, while cautioning that elevated valuations warrant selective exposure.
Mahesh Pai to take charge at South Indian Bank from Oct 1, 2026
Pai is currently Chief General Manager at Canara Bank
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Home Loan Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
The Latest Fixed Deposit Interest Rates: Jul 03, 2026
Break the cycle: How a simple 'no-buy' rule is beating inflation one impulse at a time
Missed your term insurance premium? Here's what happens to your policy, claim, and life cover
Missing a term insurance premium does not immediately cancel coverage. A grace period allows payment, and nominees receive benefits if death occurs. Unpaid premiums after the grace period cause the policy to lapse, stopping life cover. Lapsed policies can be revived within five years, often requiring health checks.
Who should consider investing in income plus arbitrage FoFs?
Investors with a 24-30 month horizon are choosing income plus arbitrage funds. These funds combine debt and arbitrage schemes for stability and tax efficiency. The category manages over twenty-three thousand crore rupees across twenty-two schemes. This investment strategy offers tax benefits compared to fixed deposits and debt funds. Wealthy investors are increasingly allocating capital to these tax-efficient mutual fund options.
RBI lending curbs dent proprietary trading, drag derivatives turnover lower
Average daily derivatives turnover on the NSE and BSE down 25% and 30%, respectively, over the last four trading sessions
Rupee logs biggest single-day gain in over 3-weeks; closes below 95-mark
The Indian unit closed 44 paise stronger at 94.96 per US dollar
Sharp rise in general insurance complaints raises service quality concerns: RBI
The unresolved grievances could undermine policyholder confidence and pose broader financial stability risks, RBI said
RBIs first monthly NBFC credit data shows 14.2% growth in May 2026, led by retail lending
Retail lending remains the sectors growth engine, with gold loans surging nearly 70 per cent and consumer durable finance rising 42 per cent year-on-year in May 2026
SBI eco research team says time opportune to revise priority sector lending guidelines
The RBI had devised PSL mechanism in 1972 to ensure credit flow to underserving sectors
Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications filed after April 1, 2026, will follow the 2025 Act. Taxpayers need not take additional action for this transition.
India's UPI to integrate with Indonesia's payment system, says PM Modi
President Prabowo Subianto also confirmed that both countries will work on establishing cross-border QR payment linkages
8th Pay Commission latest news: Railway inspection, Odisha meetings and other key updates explained
One co-owner can evict tenants without others' formal consent. The Bombay High Court and Supreme Court have upheld this right. This principle allows a co-owner to act as an agent for others. However, objections from other co-owners can weaken the eviction case. Documenting consent and avoiding ownership changes during litigation is crucial.
Latest EPF withdrawal rules: EPFO subscribers can withdraw funds for specific needs like illness and education. Withdrawals for marriage and housing are permitted up to five times. Special circumstances allow advances twice annually under new guidelines.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
SBI Funds Management draws top sovereign funds in $1.2 billion IPO
The IPO, likely to open next week, will kick off a busy pipeline of public offerings for India in the second half of the year
Elder sister gave the house to a brother via registered Will but other other brothers occupied the house with an alleged unregistered Will; Andhra High Court upholds registered Will and rejects other brother's claim on unregistered Will's basis. Know what did Andhra Pradesh High Court say about the Will.
8th Pay commission latest news: When will 8th Pay Commission visit Kolkata?
Explained: How to calculate your retirement corpus while accounting for inflation
Gold prices saw a decline across major Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates. These price drops were observed in cities like Delhi, Mumbai, and Chennai.
Twelve equity mutual funds achieved over Rs 1,000 NAV by July 2026. These funds delivered up to 24% CAGR since their respective inception dates. Most schemes have been available for over twenty-five years in the market. Nippon India Growth Mid Cap Fund showed the highest NAV at Rs 4,499.70. These funds represent various categories including mid cap and flexi cap.
EPS pension: Check how much monthly pension you can get after 1025 years of service under EPS 2026
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme maintains the existing pension calculation formula for subscribers. Pensionable salary is determined by the average of the last sixty months' earnings. Employees receive a minimum monthly pension of one thousand rupees. Service years are enhanced by two years for those with twenty or more years of contribution.
Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list
HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.
Think 12.75 lakh salary means zero tax? These incomes may still attract tax
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Best small cap mutual funds to invest in July 2026
Small cap funds saw significant inflows in May 2026 after a poor 2025. Despite market volatility, advisors suggest staggered investments for long-term wealth creation. These funds invest in companies ranked below 250 by market capitalization. Small cap stocks offer high return potential but also carry considerable risk. Investors should select skilled fund managers and monitor performance during downturns.
Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.
Worlds smartest investors are turning to fine wine and rare whisky. You can too! 9 things to know
New EPF Scheme, 2026: What existing and new PF subscribers should know
India's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see continuity in their balances and membership, while new entrants will find a clearer framework for contributions and benefits. A key change involves increased flexibility for voluntary contributions, allowing employees to build larger retirement funds.
HNIs turn to hybrid debt funds, SIFs for higher post-tax returns
Rich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax efficiency for portfolios. Funds bundle debt, arbitrage, REITs, and InvITs to boost investor returns. This strategy provides a tax advantage over fixed deposits and debt funds. Investors must understand liquidity differences between fund types.
IDFC FIRST Bank launches EPFO-integrated PF payment services for businesses
The bank said the service will help businesses improve cash flow management and ensure timely statutory compliance
K Ram KumarThere are 33 banks currently operating in the IFSC, comprising 15 foreign banks, 10 private sector banks and 8 public sector banks
Bitcoin reclaims $63,000 as ETF inflows, easing macro concerns lift crypto sentiment
From a technical perspective, analysts see the $65,000-$70,000 range as the next major resistance zone for Bitcoin
Gold loans overtake vehicle loans as top securitised asset class in Q1: Crisil
Gold loans accounted for 31% of securitisation volumes, driven by strong NBFC portfolio growth and healthy investor demand
Private insurers commission payouts on the rise, mis-selling risk grows: RBI
IRDAI is expected to announce new norms on commissions soon
What the NMC case means to BankofBaroda investors
Bank of Barodas $600 million settlement could significantly affect current quarter earnings and weigh on investor sentiment
Amit Shah announces cooperative life insurance company; Bharat Taxi to expand to 500 cities
He also unveiled reforms to modernise cooperatives through PACS expansion, e-PACS, storage infrastructure and merit-based hiring.
New rules under the Income Tax Act 2025 are set to curb tax evasion by limiting cash transactions. Individuals cannot receive over Rs 2 lakh in cash from one person daily. Loans, deposits, and repayments exceeding Rs 20,000 must be cashless.
Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions.
Want Rs 50,000 every quarter from SCSS? Check how much you need to invest
Senior citizens can now secure a steady income with the Senior Citizens' Savings Scheme (SCSS), which offers an attractive 8.2% interest rate. To generate approximately Rs 50,000 quarterly, an investment of around Rs 24.40 lakh is required.
EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will work
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% of wages, subject to the statutory wage ceiling. It also preserves the VPF framework, allowing employees to make higher voluntary contributions without requiring employers to match them, while offering flexibility to discontinue them later.
NaBFID backs first credit-enhanced bond issue with Think Gas Ludhiana
NaBFID said it plans to extend the model to more A-rated infrastructure companies to deepen Indias corporate bond market and support long-term infrastructure financing
A total of 12 equity mutual funds delivered an XIRR of over 15% on SIP investments over the last three years, according to an ETMutualFunds analysis of 255 schemes. Midcap and small-cap funds dominated the list, while just two funds posted negative SIP returns during the period.
The Odisha High Court has ordered the state government to release pending salary for an employee denied wages for over three years due to a stalled disciplinary case. The court emphasized the right to livelihood under Article 21, stating that withholding salary infringes upon basic human dignity. This landmark ruling ensures the employee receives dues, while the disciplinary proceedings continue separately.
Real estate private credit funds see refinancing demand rise as residential sales moderate
Developers shift to private credit for balance-sheet management rather than distress financing, with deal pipelines already up 10 to 20 percent
IIFCL plans to raise $2.3 billion via ECBs, overseas borrowing
Mops up 1,848 crore through NCD issue at a 7.25% coupon rate
The 8th Pay Commission is actively consulting stakeholders across India, recently holding discussions in Bhubaneswar and planning for Kolkata. Notably, the commission intends to conduct firsthand inspections of Indian Railways' operations, including track maintenance, signal work, and train control, to better understand employee working conditions and risks before salary revisions. Railway technical supervisors are advocating for broader operational inspections to ensure a comprehensive review.
Gold prices saw a slight dip today, July 6, 2026, Check 22k jewellery rates at major retailers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas. Consumers are advised to check the latest rates before purchasing.
Nearing retirement? Here's how to decide between a bank FD and an SWP for monthly cash flow
Nearing retirement and confused between bank FDs and SWPs for monthly income? An expert suggests a balanced approach. Instead of picking just one, combine safe instruments like FDs for immediate expenses with hybrid or equity funds for growth.
A Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially denied by the tax department. The Income Tax Appellate Tribunal (ITAT) ruled in his favour, citing the COVID-19 pandemic as an extraordinary circumstance beyond his control. The tribunal emphasized a liberal interpretation of the beneficial provision, allowing the exemption despite minor delays in finalising construction.
Sovereign Gold Bond (SGB) 2020-21 Series-IX investors can now redeem their bonds prematurely from July 4, 2026. The Reserve Bank of India has fixed the premature redemption price at Rs 14,366 per unit, reflecting a significant 190.22% return on the initial investment.
Bank of Maharashtra logs 27% rise in loan growth, total business crosses 6.5 lakh cr in Q1
The lender reported a 13 per cent rise in total deposits to 3.44 lakh crore in the reporting quarter against 3.05 lakh crore at the end of the first quarter of the previous financial year
NFO Insight: Can AlphaGrep's algorithm-driven multi-asset fund deliver better risk-adjusted returns?
AlphaGrep Mutual Fund has launched its first fund, the AlphaGrep Multi Asset Allocation Fund, employing a unique algorithm-driven approach. This open-ended scheme dynamically allocates capital across equities, fixed income, and commodities, aiming for better risk-adjusted returns with minimal human bias. Experts weigh in on the merits of algorithmic versus traditional multi-asset strategies, highlighting the importance of a long track record and individual investor control over asset allocation.
Several organisations representing central government employees and pensioners have urged the 8th Pay Commission to revise HRA, transport allowance, family unit norms and dearness allowance.
Best mid cap mutual funds to invest in July 2026
Mid-cap mutual funds have seen a strong rally, leading to investor anxiety about current valuations. While these companies offer potential for future growth, they also carry significant risks, including corporate governance issues. Investors with high risk tolerance and a long-term horizon (7-10 years) are advised to proceed with caution, focusing on regular investments rather than quick gains. Several mid-cap funds are highlighted for their recent performance.
Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.
Bank holiday today: Are banks open or closed today (Monday, July 6, 2026) in your state?
Bank holiday today: Banks will remain closed in select states on July 6, due to regional observances, while they will function as usual in the rest of the country. Here's a look at where banks are closed today and the reason behind the holidays.
Home loan trap: Is it ruling your life?
Many Indians stretch finances for dream homes, but hefty home loans lead to years of uncomfortable choices. Borrowers face lifestyle compression, career stagnation, and deferred savings, impacting family life and personal well-being. Experts urge homebuyers to prioritize true affordability over aspirations, stressing that a loan should enhance life, not dictate it, by considering future uncertainties and maintaining financial flexibility.
NRI tax filing: Avoid these costly ITR mistakes
Miscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
Too much riding on one AI stock? Diversify now
With tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
