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Mirae Asset Financial Services launches loan against shares held in CDSL
The loan will be processed online through the Mirae Asset Financial Services website or mobile app, replacing a manual, paper-intensive process
Buyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know how the buyer won case in ITAT Mumbai. Read the article
RBI wants AI to be responsibly harnessed; not to be seen as a risk: Sanjay Malhotra
By harnessing AI capability, the economics of credit delivery changes fundamentally, banks can serve customers better and enhance their operational efficiency, he said
Govt approves introduction of one billion polymer banknotes of 10 and 20
The polymer banknotes will be issued alongside paper-based notes, with the procurement process currently at an initial stage, the government said
Vikas Khemani elected APMI Chairman, Sandeep Jethwani Vice-Chairman
APMI appointed Vikas Khemani as Chairman and Sandeep Jethwani as Vice-Chairman following its August 10 board meeting. The new leadership will focus on transparency, governance, investor education, technology adoption and industry best practices. Indias PMS industry had Rs 43.3 lakh crore in AUM as of June 2026, highlighting its growing importance.
Man sentenced to three years jail for using aluminum foil in Kaju Katli instead of silver foil; he wins case in Gujarat HC due to food inspector's error in collecting samples under Rule 14 of the Prevention of Food Adulteration Rules, 1955. Know how he won case in Gujarat High Court.
EPS 95 latest news: The Employees' Provident Fund Organisation (EPFO) has received over fifteen lakh applications for higher EPS pensions. As of August 5th, 2026, there remain eleven thousand five hundred ninety-five applications still pending. In response to a Supreme Court ruling granting access to higher pension options, the government has instructed regional EPFO offices and employers to hasten the application verification process.
Gold prices saw an increase today across major Indian jewellery brands. Retail rates for 22K gold jewellery climbed at Tanishq and other stores. The India Bullion and Jewellers Association also reported higher gold and silver prices.
Mutual fund SIP inflows climb marginally MoM to Rs 31,961 crore in July
On a year-on-year basis, SIP inflows increased 12% from Rs 28,464 crore in July 2025.
HDFC leads Indian private banks push to raise billions overseas
HDFC Bank plans to raise as much as $1 billion through a dollar bond sale and is in talks with foreign lenders to arrange the sale that could take place in the next few weeks
Employee denied compensation as he lost his left leg due to accident at workplace during lunch-break; Delhi HC orders insurance company to pay Rs 7.86 lakh with 12% interest under Employee's Compensation Act, 1923. Know how he won the case in high court.
Quant Small Cap Fund : SBI Funds Management and IDFC First Bank among stocks bought and sold in July
Quant Small Cap Fund added 13 stocks and exited four in July. The fund increased exposure to 10 stocks while reducing holdings in seven, taking its portfolio to 106 stocks.
Equity mutual fund inflows fall 15% to Rs 24,697 crore in July; smallcaps lead inflows
Equity mutual fund inflows fell 15% month-on-month to Rs 24,697 crore in July, with small-cap funds attracting a record Rs 7,767 crore. Debt funds saw a sharp turnaround, recording Rs 1.87 lakh crore in inflows after two months of outflows. Hybrid fund inflows declined 11%, while passive fund inflows fell 25% during the month.
RBI chief urges lenders to accelerate AI spend
The central bank Governor, however, warned that AI use entailed risks including biased or opaque decision, besides data privacy and cybersecurity threats
How should my NRI children disclose gifts received from relatives in ITR-2?
ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax department has also not responded to the grievance lodged on its portal regarding this issue. Kindly guide us on how such gifts should be reported in the ITR so that they can file their returns.
Man purchased flat from PNB in auction but got only 1 parking spot for his 6 vehicles; housing society used wheel jammer to clamp wrongly parked vehicles; Maharashtra co-op appellate court rules society needs to give 48 hour notice with reasons to clamp wrongly parked vehicle. Know what happened in this case.
Sovereign Gold Bond: The Reserve Bank of India has revealed the redemption prices for select gold bond series, which can be redeemed prematurely after a five-year period from their issuance. The redemption amount is determined by taking a three-day average of gold prices.
Income tax notice: Filed ITR before July 31? 5 reasons you could still get a notice
Zero forex markup credit cards: Does it mean zero cost? Check this before your international travel
Planning an international trip? A 'zero forex markup' credit card promises savings, but hidden charges and fluctuating exchange rates can still impact your costs. Discover what this popular travel perk truly means, when it saves you money, and if a prepaid forex card might be the smarter choice for your next adventure.
4 good reasons to give when asked why you're leaving your job (and 5 to avoid)
FCNR(B) deposits serve as a reliable investment option for NRIs wishing to secure foreign earnings in India. Penalties can differ across institutions, so it's essential to consult individual bank policies before considering any withdrawals.
Quit your job? Your health insurance just vanished; 5 things to know
Q1 Results Today, 11th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
EPS pension hike: Will minimum pension rise from Rs 1,000 to Rs 7,500?
Minimum EPS pension: Pensioners are advocating for a boost in the minimum EPS pension. The government reassured them that existing pensions are backed by appropriate budget allocations. A considerable number of pensioners benefit from the EPS scheme, and recent Supreme Court rulings have enabled many employees to qualify for increased pensions. While the government is dedicated to enhancing social security, it prioritizes the sustainability of funds.
Can you build a 5 crore retirement corpus on a 15 lakh salary with EPF alone?
Can EPF contributions secure a comfortable retirement for those with higher salaries. With an annual income of 15 lakh, one can potentially accumulate a significant retirement fund corpus. However, rising inflation and healthcare expenses highlight the urgent need for a diversified investment strategy to ensure a financially stable future.
Fusion Finance turns corner, logs 62 crore profit
Loan disbursements jump 88% to 1,783 crore; gross NPA eases to 2.51%
HDFC Bank cuts MCLR by 5 bps as lower funding costs aid repricing
Analysts attribute the move to a combination of easing deposit costs, repricing of the deposit book and strong inflows into foreign currency non-resident [FCNR(B)] deposits, which provide banks access to relatively cheaper funds than domestic term deposits
Girija Subramanian joins IRDAI as member
Subramanian, who was theformer chairperson of National Agriculture Insurance Company of India (AIC)joined the Authority on Monday, the insurance regulator said in a release
Mutual funds and distributors fret over fee on UPI transactions
The government has recently proposed levying a nominal merchant discount rate (MDR) on a limited set of UPI merchant transactions above a certain threshold
Trilegal advises on Indias largest-ever OFS in LIC
The stake sale raised LICs public shareholding from 3.5 per cent to 10%, allowing the government to meet the minimum public shareholding requirement ahead of the regulatory deadline
NFO Update: SBI Mutual Fund launches balanced hybrid fund
SBI Mutual Fund has launched the SBI Balanced Hybrid Fund, an open-ended scheme investing in equity and debt instruments. The NFO is open until August 24, with a minimum investment of Rs 5,000. The fund will maintain a 4060% allocation each to equity and debt, targeting long-term growth and income.
Eye on FCNR-B deposits: Bank of India plans to raise up to $1 bn via Medium-Term Note programme
Between June 5, 2026, and July 30, 2026, the public sector bank mobilised $207.46 million via FCNR-B deposits of 3-5 years tenor
Chennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differential amount; ITAT Chennai gives him relief; Know why he won the case in ITAT Chennai.
Senior citizen to get Rs 3.96 lakh from housing society after housing society's faulty terrace repairs caused water leakage in his two flats; Maharashtra Co-Op Appellate Court order explained. Know how he won court case.
Have Rs 10 lakh to invest for 3-5 years? Heres how to structure your mutual fund portfolio
NFO Alert: Bandhan Mutual Fund announces launch of contra fund
Bandhan Mutual Fund has launched the Bandhan Contra Fund, an open-ended equity scheme targeting fundamentally strong but out-of-favour businesses. The NFO closes August 24, follows a contrarian strategy and aims to benefit from improving fundamentals and eventual market re-rating.
Motilal Oswal Asset Management Company crossed Rs 2 lakh crore in total AUM across mutual funds, AIF and PMS as of August 7, 2026. The milestone reflects its QGLP investment philosophy and equity-focused strategy. During FY2026, the fund house expanded products, added 56.08 lakh SIPs and recorded Rs 16,479 crore in SIP inflows.
Is UPI ending free payments for all users? Heres what Finance Ministry says
Standard UPI transfers for individuals will remain complimentary, ensuring users can continue making everyday payments without worry. While most merchant transactions also stay free, high-value business dealings may bear small fees.
Family member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedabad; Know how Google earth photos and Revenue Records helped him win. Read the article.
Govt mops up 45,306 cr from disinvestment, asset monetisation in FY26
The government's combined mop-up from disinvestment and asset monetisation stood at Rs 45,306 crore in FY26, exceeding the Revised Estimates, Minister of State for Finance Pankaj Chaudhary said on Monday. The government had pegged Miscellaneous Capital Receipts, which includes PSU disinvestment and public asset monetisation, at Rs 33,837 crore in the Revised Estimates (RE) for 2025-26. Government of India realised an amount of Rs 45,306.05 crore in FY 2025-26, which included Rs 16,885.56 crore from disinvestment and Rs 28,420.49 crore from Asset Monetisation, Chaudhary said in a written reply to the Lok Sabha. For the current fiscal, the government has budgeted Rs 80,000 crore under Miscellaneous Capital Receipts. So far in FY27, it has realised Rs 59,083 crore under Miscellaneous Capital Receipts, which included about Rs 6,367 crore from asset monetisation. Besides, Rs 52,716 crore has come from disinvestment through Offer for Sale of Central Bank of India, Coal India Ltd, Life
8th Pay Commission salary calculator: How a 6% annual increment could boost Level 10 &12 pay
IT rules for online lower, nil TDS certificates to be notified soon: Govt
The Income Tax department is currently in the process of framing rules to implement the 2026-27 Budget provision that allows taxpayers to electronically apply for lower or nil TDS certificates electronically, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary said Section 395(1) of the Income-tax Act, 2025 provides for the issuance of certificates for deduction of tax at source at Nil or lower rates. Vide Finance Act, 2026, to ease the compliance burden of small taxpayers, an option has been enabled for the payee, to file the application for issuance of certificates for lower or nil deduction of income-tax electronically and the certificate may be issued or rejected subject to fulfilment of conditions as may be prescribed. ... the enabling rule is currently under preparation and shall be notified in due course, Chaudhary said in a written reply in the Lok Sabha. A taxpayer typically applies for a lower or nil TDS certificate when their actual tax ...
Daughter vs father legal fight over Rs 8.13 lakh PPF amount: In her complaint, she claimed that there were matrimonial disputes between her mother and father and she was living with her mother. The daughter alleged that her father has taken away all her funds, only to pressurise the mother by putting them under financial constraint.
Why you may lose EPF interest on your inoperative account: EPFO explains what you should do
Employees' Provident Fund (EPF) accounts become inactive if there are no contributions or withdrawals for three consecutive years. To avoid losing interest, it's recommended that early retirees withdraw their funds before this age. EPFO encourages members to manage their balances proactively to maintain interest accumulation and avert potential financial setbacks.
8th Pay Commission fitment factor: Bharat Pensioners Samaj met 8th Pay Commission officials proposing a minimum pension of Rs 45,000. They also recommended a minimum basic salary of Rs 69,000 for central government employees. The delegation suggested revising pay and pension every five years instead of ten. They also asked for quarterly revision of Dearness Allowance and Dearness Relief. Cashless healthcare facilities and a Rs 5,000 medical allowance were also requested.
Gold rates today: Gold prices saw an increase on Monday, August 10, 2026. If you are planning to buy gold jewellery, here is a look at the latest 22K gold rates at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers across major cities such as Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Thiruvananthapuram.
From Titan to Lupin, Motilal Oswal analysts rate buy, hold or skip on 11 stocks post Q1
The Nifty Smallcap 250 index has achieved a remarkable 52-week high, capturing the interest of investors. Analysts recommend maintaining systematic investment plans (SIPs) for those committed to a five-year strategy and who can handle increased risk. It's essential to align rebalancing efforts with targeted asset allocations. While small-cap stocks exhibit significant growth potential, they also present heightened volatility. Therefore, investors should prioritize long-term fundamentals over fleeting market fluctuations.
Best large & mid cap funds to invest in August 2026
The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.
Q1 Results Today, 10th August 2026 Live Updates: Follow Q1FY27 live updates from businessline
Your nominee died before you? Here's what happens to your money next
Indias NPCI targets 15-20 overseas markets to expand UPI globally
The overseas push could deepen UPIs role in remittances, travel and trade as more Indians and businesses transact internationally.
Invoice discounting decoded: Know the types, benefits
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 113th part of this series, Riju Mehta explains how this fund raising option works.
Japan top market in 2026; where does India rank?
Welcome to TrendMap, your quick guide to investment performance. This edition tracks 10 years of global equity returns. Currency fluctuations impact the returns on foreign investments. To capture the real value from an Indian investors standpoint, these returns are adjusted to reflect their equivalent in Indian rupees. The key takeaway: no market dominates, diversification is important. By Sameer Bhardwaj.
How financial wellbeing at workplace can be improved
Financial action is moving faster than financial preparedness among employees, with many investing, exploring new opportunities, and thinking about long-term goals, but still seeking clarity on fundamentals. A survey by financial education firm Finsafe sheds light on this paradox and the role employers can play.
Want to achieve financial freedom? Know this first
Financial freedom isnt about buying everything you want. Its the ability to say yes to the opportunities that matter most. Those choices evolve as you grow. For teenagers, it could mean pursuing a hobby because you love itnot because its the cheapest optionor turning a skill into a side hustle by funding your own supplies or instruments, or supporting a cause you care about without relying on your parents for money.
15% or 50% abroad? How much should you invest?
Global investing is no longer just for the affluent in India. Individuals now have the opportunity to diversify their investment portfolios across various economies and currencies, leading to notable benefits. Aggressive investors should consider allocating around twenty to twenty-five percent of their portfolio internationally. However, concentrated thematic funds can be risky due to high valuations, while passive index funds present a straightforward and affordable way to engage in global markets.
Insurer-hospital panel may resolve claim disputes
Dr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyholders complaints around claim rejections, spike in renewal premiums and the industrys push for greater standardisation in treatment protocols and billing practices.
Group term life: Why salary-linked cover matters
The objective of life insurance is to provide a replacement income to the dependents of the deceased employee. That is why it is important to link the GTL cover to an employees annual salary. Employers who link the sum assured to CTC generally use a multiple of 2.
Market volatility creates opportunities: Bajaj AMC MD
A prolonged consolidation in Indian equities has tested investors patience. But Bajaj Asset Managements Managing Director Ganesh Mohan tells Sameer Bhardwaj that this is precisely when disciplined investors should stay the course.
Direct plans: When lower costs come at a price
Introduced in 2013, direct mutual fund plans present a cost-effective alternative for investors, accounting for thirty percent of total assets under management. However, it has been observed that those who opt for direct plans tend to exit their investments earlier than those in regular plans. Despite the mathematical advantage of direct plans, behavioral trends reveal a notable gap in performance.
Think Gen Z is careless? Their investments say no
Generation Z places a strong emphasis on balancing experiences and career adaptability while ensuring financial security. This generation is becoming increasingly knowledgeable about their financial objectives and is unafraid to express their needs. With a focus on early investment and varied financial opportunities, Gen Z effectively navigates modern economic challenges through credit products, and they seek clarity in career guidance from employers right from the start.
Gold, LIC, SIPs or crypto: Changing investment habits
Modern Indians are redefining investment strategies; rather than saving first, the youth now prioritize their financial goals before choosing investment products. This evolution signifies a desire for financial independence, allowing individuals the liberty to make choices unburdened by financial strain. The advent of technology and improving accessibility to investment options has significantly enhanced wealth accumulation opportunities, indicating a broader trend of increasing incomes across the nation.
Kotak Bank launches hybrid home loan; enables customers to lock rate for up to 65 months
The product allows customers to choose a fixed-rate period of 39, 52 or 65 months, during which their interest rate and EMI remain unchanged even if the repo rate changes
Five smallcap mutual funds delivered up to 26% annualised returns over three years as of July 29, 2026, according to ETWealth data. Bandhan Small Cap Fund led the pack with 25.8% CAGR, followed by ITI, Invesco, Bank of India, and Mahindra Manulife, while older category peers trailed behind.
In this edition of Know Your Fund Manager, Rajasa K., Vice President and Portfolio Manager at Templeton Global Investments, shares her career journey from equity research to managing hybrid and equity schemes. She discusses her GARP-focused investment philosophy, risk assessment framework, and the responsibility of managing retail investors' money.
New fund offers: 9 mutual funds and 2 SIFs will open for subscription this week: Check details
Nine new mutual funds and two Specialized Investment Funds (SIFs) are opening for subscription this week starting August 10. Offers include schemes from Aditya Birla Sun Life, SBI Mutual Fund, UTI, Bandhan, Zerodha, and WhiteOak Capital, catering to equity, arbitrage, hybrid, liquid, and ETF investment preferences.
Rajya Sabha to take up Taxation Laws Amendment Bill, Bankers' Books Evidence Bill tomorrow
The 'Taxation and Other Laws (Amendment) Bill, 2026 ' seeks to amend the Payment and Settlement Systems Act, 2007, Income-tax Act, 2025, and Finance Act, 2026
Top 9 equity mutual funds deliver over 10% return last week, tech funds lead: Check details
Nine equity mutual funds delivered over 10% returns during August 3-7, 2026, led by technology sector funds like SBI Technology Opportunities and Aditya Birla Sun Life Digital India Fund. Auto and commodity-focused funds also featured in the top gainers list among 611 schemes evaluated by ACE MF.
Small borrowers honest: smaller the loan, better is the asset quality, says Union Coop Minister Shah
The Minister underscored that common peoples co-operatives should be formed by aggregating their savings, creating a big pool which can be used to do big business
UPI transactions will remain free for consumers, says Phonepe CEO
The current debate about the UPI ecosystem is not about changing the fundamental design principles
Unclaimed mutual fund dividends rise 15.7% to Rs 2,689 crore in FY26: Sebi
Unclaimed mutual fund dividends rose 15.7 percent to Rs 2,689 crore in 2025-26. Unclaimed redemption proceeds saw a slight decline of 0.5 percent during the same period. Combined unclaimed amounts in mutual funds reached Rs 3,811 crore by March 31, 2026. SEBI enhanced measures to help investors and nominees access their unclaimed holdings. Initiatives like DigiLocker integration and Niveshak Shivirs aim to reduce unclaimed assets.
For selling 600ml Pepsi at Rs 26 instead of Rs 25 MRP, husband working in wifes shop faced criminal prosecution; Bombay HC quashes case as wife made the sale, while husband had only prepared the bill after the sale. Know how he won case in Bombay High Court
Can NRIs open Sukanya Samriddhi Yojana account offering 8.2% interest rate?
Sukanya Samriddhi Yojana provides a favorable tax regime for parents budgeting for their daughters. Only resident Indian girls aged below ten qualify to open these accounts. The investment period spans fifteen years, with the account lasting twenty-one years.
Edelweiss Mutual Fund temporarily suspends SIPs and STPs in its 7 funds
Edelweiss Mutual Fund has suspended existing SIP and STP subscriptions in seven schemes from August 11, 2026, citing limited overseas investment headroom. Six affected funds are international schemes, while one is thematic. The suspension will continue until additional overseas investment capacity becomes available, with resumption subject to AMC discretion.
Quant Small Cap Fund adds SBI Funds Management, Caliber Mining and 11 others in July
Quant Small Cap Fund added 13 stocks in July, including SBI Funds Management, Caliber Mining and Hexaware Technologies. The fund exited four stocks and reduced exposure to seven others, while increasing holdings in 10 stocks. Its portfolio rose to 106 stocks from 97 in June, with AUM at Rs 34,069 crore as of July 31.
Edelweiss Nifty REITs & Realty Index Fund is open for subscription. Should you invest?
Edelweiss Mutual Fund has launched Indias first REIT-focused index fund, offering exposure to listed REITs and real estate companies through a single investment. The fund tracks the Nifty REITs & Realty Index, with a 60:40 REIT-to-realty allocation, targeting long-term investors seeking diversified real estate exposure.
Gold rate today: On Saturday, August 8, 2026, gold prices saw a notable increase. If you are planning to buy gold jewellery, here is a look at the latest 22K gold rates today at Tanishq, Malabar Gold & Diamonds, Joyalukkas, Kalyan Jewellers and IBJA.
Explained: Want to choose the right mutual fund? Check these 10 key ratios
Choosing a mutual fund requires more than examining past returns. Investors should assess risk-adjusted performance using metrics such as Alpha, Beta, Sharpe, Treynor, Information and Sortino ratios, along with standard deviation, semi-standard deviation and R-squared. These measures help compare funds, understand volatility, evaluate manager performance and determine suitability for individual investment goals.
Looking for mutual funds to invest in August? Here are 10 top picks
ETMutualFunds has shortlisted 10 equity mutual funds across five categories based on rolling returns, consistency, downside risk, outperformance and asset size for August.
PPFAS Mutual Fund CIO Rajeev Thakkar said the recent underperformance of Parag Parikh Flexi Cap Fund is neither unusual nor significant. He defended its long-term strategy, lower cash allocation, and private-bank exposure, including HDFC Bank. Thakkar said market volatility creates opportunities, while the fund avoids popular themes and sees potential in IT services amid AI disruption.
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadline
Filing your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between reported earnings and the data the department holds. Additional sources of income, misreported TDS or TCS credits, and large cash transactions lacking corresponding declared income can trigger further scrutiny.
Track all the latest Q1 FY27 earnings announcements, corporate developments and management commentary as companies including Delhivery, Eveready Industries India, Medi Assist Healthcare Services, Oswal Pumps, Studds Accessories report their June quarter results.
Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine deduction cannot be denied merely because it was reported under an incorrect schedule in the ITR
Bank customers are advised to stay informed about upcoming holiday schedules that could impact banking operations. National and religious holidays dictate bank closures, which differ across states.
RBI proposes new prudential norms on capital adequacy for commercial banks
Draft norms tighten leverage requirements, exposure calculations and capital distribution rules, reinforcing banking sector resilience under globally aligned regulatory standards
Q1 Results Today, 07th August 2026 Highlights: Follow Q1FY27 live updates from businessline
NBFC credit rises 14.4% in June 2026, led by retail lending
Housing loans increased 11.4 per cent to 8.44 lakh crore, while vehicle loans rose 15.2% to 6.24 lakh crore, highlighting steady consumer demand
