23 C 
Manappuram Finance post 405 crore PAT in Q4
The assets under management grew 22.4 per cent to 63,798 crore
Cholamandalam Investment and Finance Company sees 20-23% AUM growth in FY27
Disbursements grow by 25 per cent YoY in the March quarter
Investing Rs 1.5 lakh annually in Public Provident Fund for 20 years can yield a tax-free retirement corpus exceeding Rs 66 lakh. This popular scheme offers a fixed interest rate, with compounding significantly boosting returns. PPF accounts mature in 15 years but can be extended for further growth, providing a robust wealth creation avenue.
PM Kisan 23rd instalment date and time: Check when you can get your next payout
Pm Kisan Samman Yojana: Farmers eagerly await the 23rd installment of the PM Kisan Yojana, expected around June-July 2026, with each beneficiary receiving Rs 2,000. The scheme provides annual income support to eligible landholding farmer families. Mandatory e-KYC and Aadhaar linkage are crucial for receiving payments.
RBI mulls sale of foreign bonds by state-owned lenders
Plan aims to attract capital inflows amid persistent currency pressure
Can I claim LTCG exemption in same year if I buy a property before selling existing one?
ET Wealth Reader's Query: Will buying an apartment before selling the existing one still allow me to claim long-term capital gains exemption in the same financial year?
Investing Rs 20,000 a month for 25 years? See how much wealth you can create
Investing Rs 20,000 monthly via SIP for 25 years at an expected 12% return can build a corpus of around Rs 3.40 crore. Out of this, Rs 60 lakh is the invested amount, while the remainder is generated through compounding over the long-term investment horizon.
Gold prices experienced a minor decrease on May 5, 2026. Rates for 24k, 22k, and other gold purities showed a downward trend compared to the previous day. Leading jewellers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower prices.
About seven equity mutual funds delivered over 25% CAGR in the past three years, out of 246 schemes analysed by ETMutualFunds. Bandhan Small Cap Fund topped the list with a 30.24% CAGR, followed by midcap funds such as HSBC Midcap Fund (26.55%) and ICICI Prudential Midcap Fund (25.92%).
Individual investors, HNI holdings in equity fall to 5-year low
As they take MF route to tap the equity market
Punjab National Bank Q4 results: Net profit up 14%, NPAs fall to multi-year low
Despite a 3.5% drop in net interest income to 10,380 crore, the bank managed to post stronger bottom-line growth, aided by lower provisioning requirements.
SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequate staffing, and stopping outsourcing of permanent roles. AISBISF has also underlined issues like pension related concerns under the National Pension System, lack of inter circle transfers for employees recruited after 2019.
Tax benefit removal under new tax regime hits life insurance sales: Deepak Parekh
The change is linked to the introduction and expansion of the new tax regime, which became the default option from April 1, 2023
May 2026 income tax calendar: Important TDS, TCS deadlines and other due dates explained
Taxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuances. Remember to file key statements and declarations under the Income-tax Act, 2025, to avoid penalties. Stay informed to meet these important dates.
No minimum investment for Dubai residential visa? Heres what Indian property buyers should know
Looking to invest via mutual fund SIPs in May? Here are options for aggressive investors
ETMutualFunds outlines SIP portfolio options for aggressive investors across three investment brackets starting from Rs 2,000. The portfolios combine flexi cap, large cap, midcap, small cap, and hybrid funds, selected using an in-house methodology based on returns, consistency, risk, and asset size over the past three years.
Axis Mutual Fund has temporarily suspended subscriptions in three international funds from May 5 due to overseas investment limits. While fresh inflows are halted, redemptions and existing SIPs continue. The move comes amid strong past returns and follows leadership changes, including Ashish Guptas exit and R Sivakumars elevation as CIO.
The Delhi Development Authority has extended the payment deadline for its premium Towering Heights project in Karkardooma to June 30, 2026. This move accommodates delays in statutory approvals and physical possession, offering relief to allottees. No interest will be charged on payments due by March 31, 2026, extended to April 30, 2026, and until June 30, 2026.
Cash in circulation surges 12% in first half of April, hits record 42.3 lakh crore
Sustained trend may impact liquidity, say economists
Greater Noida has seen a 3.58% increase in property circle rates, aligning with the Cost Inflation Index to encourage investment. A new 37-km road connecting Greater Noida to the Ganga Expressway is also proposed, promising seamless connectivity to western Uttar Pradesh and reducing travel time significantly.
JioBlackRock Mutual Fund files draft document with Sebi for hybrid long-short fund under Prism SIF
JioBlackRock Mutual Fund has filed draft papers with Sebi to launch a hybrid long-short fund under its Prism SIF platform. The interval strategy will invest across equity, debt and derivatives with limited short exposure. With structured allocation and income strategies, the fund targets long-term capital appreciation alongside income generation for investors.
Your unlimited health insurance plan still has limits, and they could cost you lakhs
Q4 ResultsToday, May 5, 2026, Live Updates: Catch live updates
Berkshire taps Charlie Shamieh to succeed Ajit Jain as insurance chief, WSJ reports
Jain has led the division for decades and is widely credited with shaping its global reinsurance strategy
Old vs new tax regime: Key differences that you must know before ITR filing for tax year 2026-27
The new tax regime offers lower rates but removes many deductions, making a thorough comparison with the old regime crucial. While both regimes allow certain allowances and perquisites, understanding these benefits, like meal vouchers and motor car perquisites, is key to minimizing your tax burden for FY 2026-27.
Bengaluru's housing market saw a 5.3% CAGR price rise over five years. Builders are focusing on premium 3BHK apartments in the Rs 1 to 2 crore range. This creates a shortage of affordable homes priced between Rs 30 to 50 lakh. Sales are highest in the Rs 1 crore to Rs 1.5 crore segment.
Can you get another loan if youre already paying EMIs? Heres the answer
Your salary is just the start for loan approval. Lenders scrutinize your income after deducting all current EMIs. This remaining amount, measured by the Fixed Obligation to Income Ratio, dictates your borrowing capacity. Keeping this ratio below 50% is key. Existing EMIs significantly reduce how much more you can borrow. Even small EMI reductions can boost your loan eligibility.
Aditya Birla Capital reports 31% increase in Q4FY26 consolidated net profit at 1,129 crore
The consolidated results include the results of 16 entities such as Aditya Birla Housing Finance, Aditya Birla Sun Life Insurance, Aditya Birla Sun Life AMC and Aditya Birla Health Insurance within the ABCL fold
CSB Bank reports 6% increase in Q4 FY26 net profit at 202 crore
Pralay Mondal, MD & CEO, attributed the de-growth in retail loans to re-classification of loans against security, where the collateral was gold, and decline in unsecured loans, among others
Newly appointed DG Rohit Jain given charge of 10 RBI Depts
The new DG has been appointed by the government for a period of three years or until further orders, whichever is earlier
Bitcoin crosses $80K for first time in 3 months; sentiment turns risk-on
Total market capitalisation rises to nearly $2.64 trillion
Banks, insurers unlikely to enter commodity derivatives segment now: SEBI Chief
Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a valid rationale for not being favourably inclined towards the segment
Post office rules change: PAN now mandatory for key transactions under Income-tax Rules, 2026
Savings account interest rates: Suryoday Small Finance Bank has updated its savings account and fixed deposit interest rates. Effective May 1, 2026, savings accounts will offer up to 7.60% interest on higher balances.
These 3 equity mutual fund categories offer over 15% average return in 1 year. Check details
International funds led returns, followed by energy and auto sector funds. Top performers delivered strong gains, but investors should prioritize risk appetite, goals, and horizon over chasing past returns.
The Indian Railways Technical Supervisors Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct fitment factors for its technical staff, citing job complexities and hazards. They also proposed a 5% annual increment, a promotional increment equivalent to two annual increments, and a separate CPI for calculating Dearness Allowance.
HDFC Mutual Fund increases fresh SIP registration amount in HDFC Defence Fund, caps STP at Rs 25,000
HDFC Mutual Fund has revised investment rules for its HDFC Defence Fund, increasing the minimum amount for fresh SIP registrations. It has also capped new STP registrations at 25,000 per month per investor (PAN level), allowing them only under a monthly frequency from May 4.
These 5 flexicap mutual funds had maximum mid and smallcap exposure. Check details
Gold prices are stable today as traders await crucial economic data from major economies and the US jobs market. Analysts note that geopolitical tensions and rising oil prices are influencing gold's movement. Retail prices at leading jewellery brands like Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds show little change.
Etihad Airways is now offering a 10% discount on promo seats for its top-tier loyalty members. Gold, Platinum, and Emerald members of the Etihad Guest program can avail this special offer. This benefit enhances the exclusive member experience, providing greater value and rewarding redemption opportunities.
NFO Alert: Axis Mutual Fund launches Axis Nifty Capital Markets Index Fund
Axis Mutual Fund has launched the Axis Nifty Capital Markets Index Fund, an open-ended scheme tracking the Nifty Capital Markets Total Return Index (TRI). The NFO is open till May 15 and aims to mirror index performance, before expenses, subject to tracking error. The fund offers investors exposure to Indias evolving capital markets ecosystem.
RBI explores steps to mobilise dollar inflows as rupee slides, sources say
The rupee has slumped 5.5% this year, sliding to an all-time low of 95.33 per dollar last Thursday
Check your EPF now: How incorrect dates affect PF balance, claims and pension
SBI Card has revised its late payment charges, effective May 1, 2026, impacting lower outstanding amounts. A new Rs 100 penalty now applies for dues between Rs 100 and Rs 500.
Mutual fund portfolio in loss after 20 months? Expert says dont judge too early, tweak allocation
An investor's SIP portfolio in SBI Mutual Fund showed a Rs 10,000 loss after 20 months, prompting expert advice. Volatility is inherent in equity markets, and a short investment horizon makes performance judgment difficult. Experts recommend a flexi-cap fund for better diversification and reduced volatility.
A US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account during demonetisation. The ITAT Delhi cancelled the notice, acknowledging the funds were genuine remittances from earlier years, ruling in favor of the NRI after a six-year legal battle.
Best-performing NPS equity funds: Over 15% returns in 3 years. Check key details
Top NPS equity funds have generated over 910% annual returns in the last three years, with fund managers like LIC, UTI, and SBI leading performance amid steady equity market gains.
MF Tracker: Baroda BNP Paribas Mid Cap Fund turns Rs 10,000 SIP to Rs 1.55 crore in 20 years
Baroda BNP Paribas Mid Cap Fund has delivered exceptional returns, turning a Rs 10,000 monthly SIP into Rs 1.55 crore over 20 years. The fund's consistent performance across market cycles, driven by a fundamental, bottom-up approach, has helped investors achieve their financial goals.
Bitcoin surpasses $80,000 as Asian stocks near record highs
The original cryptocurrency climbed as much as 1.9% Monday morning in Singapore to $80,393, its highest level since Jan. 31
Balance sheet, income & cash flow statement decoded
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 101st part of this series, Riju Mehta explains the difference between the three types of financial statements.
Portfolio recipe for 2026: Best equity, debt, gold mix
For best portfolio results, its best not to get swayed by any one asset class. Experts recommend diversification. While asset allocation is the way to go, the question remains: what is the best combination? Every investor has their own asset allocation. Heres a start. In this weeks TrendMap, ET Wealth compares seven asset combinations. Portfolios with gold have delivered a notable returns boost in recent years, while those with zero gold exposure have persistently lagged. By Sameer Bhardwaj.
How hidden charges change the true cost of trading
There are several types of orders that investors can place on the exchange, and each interacts with the system in a distinct way. The choice of order type determines how and when a trade is executed, the price it gets filled at, and even whether it gets executed at all. As a result, the order an investor chooses can significantly impact trading outcomes and overall returns.
AI, apps aid women in finance, health, daily life
Women are learning to keep pace with the ubiquitous apps and AI, shrugging off dependence on their kids for financial transactions, online shopping, utility bill payments, documentation and paperwork, health care and medical needs, travel (booking cabs or navigation), recreation, and even career management.
RSU vs ESOP: Which is better for employees?
From vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employers stock is not the safe reward it feels like.
Staying disciplined paid off for us: Navneet Munot
HDFC MFs Navneet Munot tells Sanket Dhanorkar and Kayezad E. Adajania how navigating crises has shaped investing discipline, risk management and future strategy.
Can NPS Swasthya replace your health insurance plan?
Can the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related expenses? Participating companies say that is not its objective. The scheme allows you to dip into your NPS corpus to fund healthcare needs, but several conditions apply.
IRDAI data skips average sum assured per policyholder
When IRDAI defines success as premium collected, and the industry maximises commissions by selling products that collect maximum premium per unit of cover, the two are in perfect alignment. No one needs to collude. The ruler measures what the industry finds convenient. The industry finds it convenient because the ruler keeps pointing upward.
Tier-2, 3 investors surge, awareness gaps remain
Even as individuals from Tier-2/3 cities and beyond are rapidly embracing the world of stocks and mutual funds, gaps in advisory and awareness may leave investors vulnerable.
Consistent performers: 13 equity funds deliver over 20% in 3 and 5 years. Do you own any?
Punjab & Sind Bank aims to cross total business milestone of 3 lakh crore in FY27
The bank is expecting a credit growth of 16-18% and deposit expansion of 13-14% in the ongoing financial year, says Punjab & Sind Bank MD and CEO Swarup Kumar Saha
Chasing midcap mutual funds? Invesco India Mid Cap and 4 others deliver over 25% CAGR in 3 years
Invesco India Mid Cap Fund gave the highest return of 27.2% in the last three years. The fund is assigned a four-star rating and had an AUM of Rs 9.895 crore.
Know Your Fund Manager | Sameer Narayan, Head Alternate Investment Equity, Aditya Birla Sun Life AMC
Growing up in a middle-class family that valued discipline and long-term thinking, I developed an early interest in understanding how businesses grow and create value. That curiosity gradually evolved into a passion for equity markets and investing.
Public sector banks looks to scale up IT spend in view of cyber threat posed by Anthropic Mythos
Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems
Kotak Mahindra Bank skipped IDBI Bank bid over high valuation, open to revisit
The earlier stake sale was called off after bids fell short of government expectations, even as foreign investor interest in Indian financial institutions continues to rise
Kotak Mahindra Banks Q4FY26 standalone net up 13% to 4,027 cr
Indias fourth largest private sector bank had clocked a net profit of Rs 3,552 crore in the year ago quarter
FinMin notifies 100% FDI in insurance; LIC cap stays at 20%
The move follows recent amendments to insurance laws aimed at boosting investment and expanding the sector
6 investments with 7.5% and higher interest rates: SCSS, SSY, RBI bond and more
Kotak Mahindra Bank Q4 results: Net profit jumps 13% to 4,027 cr on strong loan growth
Kotak Mahindra Banks net advances expand 16% in the quarter from a year earlier, mainly driven by retail and corporate loans
Bajaj Finance has boosted interest rates on its 31-60 month fixed deposits to 7.40%, with senior citizens now earning up to 7.75%. These revised rates are effective May 1, 2026. The 8th Pay Commission has also released schedules for upcoming meetings in Hyderabad, Srinagar, and Ladakh during May and June 2026 to gather stakeholder input on pay and pension matters.
5 mutual fund NFOs and 1 SIF to open for subscription this week. Check details
Five mutual fund NFOs and one SIF are set to open for subscription this week, offering investors fresh opportunities across index, ETF and thematic categories. With varying investment minimums and timelines, these launches reflect fund houses efforts to expand offerings and capture investor interest in evolving market segments.
Gold prices saw fluctuations on May 2, 2026, influenced by global uncertainties and inflation concerns. Leading jewelers like Tanishq, Joyalukkas, Kalyan Jewellers, and Malabar Gold & Diamonds reported varying 22k gold rates. The IBJA provided indicative rates as of April 30 due to market closures.
Pay full Bengaluru property tax by May 31, 2026 and get 5% rebate as due date gets extended
Bengaluru property owners can now avail a 5% rebate on property tax by paying in full by May 31, 2026, as the deadline has been extended. Additionally, the Greater Bengaluru Authority has enabled online e-Khata downloads using SAS Property Tax ID, simplifying the process for citizens.
Lower valuations may see India outflows moderate: RBI Governor
The rupee has declined more than 5% so far this year, ranking as Asias worst performer, while the benchmark Nifty 50 stock index has lost 8%
SIFs Ex-Top 100 long-short strategy gains 12% in 1 month; two offerings available
Ex-Top 100 long-short SIF strategies have delivered strong near-term gains, with leading funds returning up to 15% in a month. The approach focuses on mid and small caps outside top 100 stocks, combining long equity exposure with selective short positions for alpha generation.
New Citizenship Rules for 2026 are here. Minor children cannot hold two passports. OCI registration is now digital, with e-OCI cards. Applying for OCI is fully online. Renouncing or cancelling OCI cards has clear electronic procedures. Biometric data can be used for fast immigration. These changes simplify processes and enhance digital record-keeping for citizenship matters.
These 6 equity mutual funds deliver over 20% return in April. Do you own any in your portfolio?
Six equity mutual funds delivered over 20% returns in April, led by international and sector-focused schemes. A majority of funds posted positive returns, reflecting strong market momentum. Global indices, especially Nasdaq, supported performance, while only two funds ended negative, highlighting broad-based gains across categories during the month.
Senior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks commonly offer enhanced interest rates for senior citizens, along with benefits like premature withdrawal, loan options, and sweep-in facilities. This article explores the highest FD rates available from PSU, private, and small finance banks for this demographic.
Planning a 15-year mutual fund investment? Heres a simple 4-scheme portfolio approach
A long-term investor with Rs 10 lakh and a 15-year horizon can build a simple four-fund mutual fund portfolio combining a Nifty index fund and flexi-cap funds. The strategy focuses on disciplined investing, diversification, and staying invested through volatility to generate sustainable wealth over time despite market fluctuations.
Find the live updates of Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech and more on businessline
Rats ate bribe money: Supreme Court grants bail to govt officer in Rs 10,000 bribery case
The Supreme Court granted bail and suspended the jail sentence of a government officer accused of taking a Rs 10,000 bribe. The unusual reason for the relief was that rats had destroyed the seized bribe money, raising concerns about evidence preservation. The court will further examine this issue.
Saturday bank holiday: Are banks open or closed today on May 2, 2026?
Banks in India are not open on all Saturdays. So anyone willing to complete their bank work today (Saturday, May 2, 2026) must check if banks are open or closed today.
Securing prestigious scholarships for studying abroad requires more than just academic merit; it demands years of dedicated groundwork and a compelling narrative. Indian students aiming for international education must strategically build impactful profiles, focusing on deep engagement with specific issues and clearly articulating their intent and need.
This observation comes in the backdrop of the Rrupee breaching the 95 to the Ddollar mark in intraday on Thursday for the first time since March 30, 2026, and closing at an all time low of 94.91 per US Ddollar
Capital Small Finance Bank eyes 34K cr total biz threshold for converting to a universal bank
CSFB reported 18 per cent year-on-year increase inQ4FY26 net profit at Rs 40 crore against Rs 34 crore in the year ago quarter
The Latest Fixed Deposit Interest Rates: May 01, 2026
The Latest Fixed Deposit Interest Rates: May 01, 2026
The Latest Home Loan Interest Rates: May 01, 2026
The Latest Home Loan Interest Rates: May 01, 2026
The All India NPS Employees' Federation met with the 8th Pay Commission chairperson and other members. It proposed allowing central government NPS subscribers to switch to Old Pension Scheme after completing certain years in service. It has also requested raising the retirement age for central government teachers to 65.
