28 C 
Banks increase mark-up over repo-linked external benchmark loans to protect margins
This comes amid deposit rates turning sticky in the wake of higher interest rates being offered by small scale instruments (SSIs)
UPI processes 228.5 billion transactions in 2025, reshaping Indias payments landscape
The Worldline report highlights a shift towards micro-transactions, with falling ticket sizes and rising merchant adoption
Kevin Warsh files financial disclosures for Fed nomination process
The filing reveals major investments, including stakes worth over $50 million each in Juggernaut Fund LP and $10.2 million in consulting fees from the investment office of Stanley Druckenmiller
Q4 Results Highlights, April 14, 2026: Catch highlights
A minimum pay of Rs 69,000, fitment factor of 3.83, annual increment of 6%, merging 18 employee levels in the 7th Pay Commission into seven, minimum five promotions during service and restoring the Old Pension Scheme (OPS) are some of the 8th Pay Commission-related demands of the draft committee of National Council (Joint Consultative Machinery).
Paytm becomes majority Indian-owned and controlled company as domestic investors raise stake
Domestic institutional investors raised their stake to a record 23.1% in the March quarter, up 2.8 percentage points sequentially and 9.1 percentage points from a year earlier
Prime Delhi markets like Khan Market and Lajpat Nagar are commanding high commercial property rentals, a recent report reveals. While premium malls offer consistent returns, many brands are opting for high streets due to limited mall inventory. This trend is observed across major cities including Bengaluru, Mumbai, Hyderabad, and Chennai, with apparel and F&B sectors showing strong leasing activity.
Boosting SIP investments beyond salary hikes can significantly amplify wealth creation. Increasing SIPs by 20% annually, compared to a flat investment or an 8% increase, can generate substantially larger corpuses over two decades. This strategy combats lifestyle inflation and enhances financial security.
Gold and silver prices are under investor scrutiny after US-Iran peace talks faltered. Pakistan is working towards a ceasefire to facilitate renewed diplomacy. Gold rates at leading Indian jewellers like Tanishq, Kalyan Jewellers, Joyalukkas, and Malabar Gold & Diamonds saw a decrease. The Indian Bullion and Jewellers Association Ltd (IBJA) rates were not updated due to a holiday.
EPFO has extended the functionality for members to de-link incorrect Member IDs (MIDs) from their Universal Account Number (UAN). This allows correction of MIDs created without member knowledge, even if contributions exist. However, MIDs with processed, pending, or multiple claims will not be eligible for de-linking.
New TDS and TCS changes for Tax Year 2026-27: Check 6 important tax updates now
Bitcoin climbs to 4-week high on hopes of US-Iran peace talks
Bitcoin climbed to $74,945, its highest since March 17, before paring gains; smaller tokens such as Ether also move up
Property or problem? The hidden legal traps haunting Indias property owners: Heres how to navigate
Property ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyers face risks from historical discrepancies and competing claims, locking capital and stalling income. Proactive legal due diligence, careful transaction structuring, and understanding tenant rights are crucial for navigating these complexities and protecting valuable assets.
S Naren sees better valuations, but no outsized gains. Check his 10 pieces of advice
Sankaran Naren advises starting SIPs as valuations improve, but cautions against 2020-like returns, favors IT, pharma, energy, remains wary on midcaps, sees selective smallcap opportunities, and stresses disciplined, macro-driven investing.
The Uttar Pradesh government has announced an interim pay hike for unskilled, semi-skilled, and skilled workers, effective April 1, 2026. Workers in Noida and Ghaziabad will receive the highest increase of 21%, while other districts see hikes of nearly 15% and 9.21% respectively. The government also debunked rumors of a Rs 20,000 statewide minimum wage.
Gold price today in Chennai (April 14, 2026): In Chennai too, gold prices were slightly up on Tuesday in line with the larger trend in India. As per the prices quoted by leading jewellery retailers in the city, the price of 24 karat gold was around Rs 15,404 per gram.
I am 80 and my wife is 78. Can we increase our coverage to Rs 10 lakh each?
ET Wealth Reader's Query: I am 80 and my wife is 78. We currently have medical insurance coverage of Rs 7 lakh each. We would like to increase the coverage to Rs 10 lakh each. Is this -possible?
Poonawalla Fincorp mops up 2,500 cr via QIP
Issue priced at 370.75 per share, a 5% discount to the floor price; sees strong demand from institutional investors
6 AMCs had over Rs 10,000 crore cash in their portfolios in March. Check details
Despite market volatility, six AMCs held over 10,000 crore in cash in March, reflecting a cautious stance even as fund managers actively deployed liquidity to buy equities during the correction.
HDFC Defence Fund increase stake in HAL, Eicher Motors and 4 other stocks in March
HDFC Defence Fund significantly boosted its holdings in Hindustan Aeronautics and Eicher Motors during March, adding thousands of shares to its portfolio. The fund also introduced Sedemac Mechatronics as a new investment while exiting Avalon Technologies. Its portfolio remains diversified across key defence and allied sector stocks.
9 equity mutual funds cross Rs 60,000 crore AUM; Parag Parikh Flexi Cap tops list
Nine equity mutual funds exceeded Rs 60,000 crore AUM by March 2026, led by Parag Parikh Flexi Cap. Major contributors include HDFC, SBI, ICICI, Kotak, and Nippon India funds leading.
302% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.02 lakh
Sovereign Gold Bond : The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2019-20 Series-V, set at Rs 15,009 per unit. Investors can redeem these bonds from April 15, 2026, after the fifth year of issuance.
Earning 1.5 lakh a month but still broke? The middle-class trap thats draining high earners
New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statement
The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form simplifies TDS filing for various transactions including rent, property purchase, professional payments, and virtual digital asset transfers. It aims to enhance clarity and reduce duplication in reporting.
High AUM mutual funds arent always a concern, but experts recommend tweaking SIP strategy and diversification to manage risks and optimise returns.
The Odisha High Court quashed criminal cases of 498A and dowry against a husband after he obtained a mutual consent divorce. The court ruled that continuing the criminal proceedings would serve no purpose since the marriage was legally dissolved by mutual agreement under the Hindu Marriage Act, ending a 14-year legal battle.
Bank holiday today: Central government offices will observe a holiday on April 14, 2026, for BR Ambedkar's birth anniversary. Many banks will also be closed across India on this date. This closure coincides with several regional festivals including Tamil New Year and Vaisakhi. Customers should check with their specific bank branches for operational status.
RBI returns Ujjivan SFBs application to transition to a universal bank
This is the second SFB to have its application to transition into a Universal Bank returned
Q4 results highlights today: ICICI Prudential AMC profit up 10%, other key announcements
Q4 Results Today, April 13, 2026 Highlights
Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data
The RBI released 2024-25 financial performance data for 15,919 non-government non-financial private limited companies based on their audited annual accounts in Ind-AS format
ICICI Prudential AMC Q4 profit rises 10% to 763 crore on higher inflows
The fund house saw robust investor participation, with SIP inflows jumping 31% and AUM rising 25% to 11.78 lakh crore
Ujjivan SFB faces setback as RBI returns universal bank licence application
While acknowledging the banks recent efforts, the RBI said there is still scope for improvement in reducing concentration risks
Rupee slumps 65p amid spike in crude oil prices due to failure of US, Iran to reach a truce deal
Rupee also came under pressure due to the arbitrage between onshore and offshore markets
Gold prices in Dubai were a key focus on Monday, April 13, 2026. Geopolitical tensions and statements regarding the Strait of Hormuz influenced the global market. Rates for 22K gold hovered around AED 526-529 per gram across major jewellers. This information provides a snapshot of the gold market on that specific future date.
OCI fees revised from April 1, 2026: How much you need to pay for new, reissued and duplicate cards
Effective April 1, 2026, the Bureau of Immigration has revised OCI service fees. Fresh applications now cost USD 275 abroad and Rs 15,000 within India. Re-issuance and duplicate cards also have updated charges. Payment methods vary based on application location. New passport holders must update OCI details within three months to avoid a $25 penalty.
24K, 22K gold price today in Chennai: Other than top retailers, the price of 22 karat gold at Lalitha Jewellery is Rs 13,975 per gram, while 22 carat gold is retailing at Rs 14,100 per gram at Swarna Maligai Jewellers, and 18 carat gold at Rs 11,760 per gram.
The initiative aligns with the vision of the Government of India and the Reserve Bank of India to promote financial inclusion and make digital payments accessible to users beyond the smartphone ecosystem
Gratuity may rise under New Labour Code, but your income tax bill could too
The Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Act, 1961 and the Income-tax Act, 2025 still rely on basic pay plus DA. With the Payment of Gratuity Act, 1972 now subsumed, this mismatch could make part of the higher gratuity taxablehighlighting the need for alignment between labour and tax laws.
Gold rate today: Gold and silver prices are currently experiencing a minor dip. This trend is observed across major Indian jewellers and the Indian Bullion and Jewellers Association. Experts suggest that a strengthening dollar may cap any immediate price increases. The upcoming Akshaya Tritiya festival is a key period for gold purchases in India, with celebrations expected next week.
New ITR forms alert: Secondary address field added, what taxpayers must know
New Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are now primary and secondary. Reporting for representative assessees is simplified. The need to split capital gains based on transfer dates before or after July 23, 2024, has been removed.
Planning to transfer equity portfolio in family accounts? Heres the process and tax rules
Transferring equity within family accounts involves specific procedures and tax implications heres a quick guide to the rules, costs, and key considerations.
Haryana has revised minimum wages for unskilled, semi-skilled, skilled, and highly skilled workers, effective April 1, 2026. The new rates, determined by skill level, ensure equal pay for men and women. Employers are responsible for ensuring contractors also adhere to these revised wage structures.
JioBlackRock Flexi Cap Fund exits Swiggy, 20 other stocks; adds ICICI Pru AMC and 9 more in March
JioBlackRock Mutual Funds Flexi Cap Fund exited Swiggy and 20 other stocks in March, while adding ICICI Prudential Asset Management Company and nine more. The fund also increased exposure to key largecaps, reflecting active portfolio reshuffling amid evolving market opportunities and valuation dynamics.
The drop in equity indices, coupled with macro stress from the war in the Middle East, has led major equity brokerages to downgrade India. The ensuing flight of capital, along with the 11% depreciation in rupee in the past 12 months, has really tightened the easy money window for primary capital.
Visa, HDFC Bank launch FIFA World Cup 2026 card and rewards campaign
The Spend & Win campaign extends across HDFC Banks full card portfolio, including credit, debit, business, and forex prepaid cards
Small finance banks set for strong Q4FY26; Outlook hinges on FY27 macro trends: Report
The report noted that the March quarter is seasonally the strongest for the sector, with most SFBs already reporting over 20% year-on-year growth in AUM, reflecting sustained credit demand across segments
Mutual funds significantly reduced their cash holdings in March. This move indicates fund managers actively invested in the market during a period of correction. Despite global uncertainties, this strategy aimed to leverage potential investment opportunities. Several asset management companies deployed substantial cash reserves. This shift reflects a proactive approach to market dynamics.
Small, mid and largecap mutual funds see sharp inflow surge in March. Is investor confidence rising?
Equity mutual funds saw a significant surge in monthly inflows during March, despite market downturns. This rise reflects a shift in investor behavior, with corrections now viewed as buying opportunities. Robust SIP flows and sustained confidence in India's growth outlook are key drivers behind this trend.
Can you buy more than one term insurance plan? 7 things you need to know
RBI criticises banks rupee arbitrage trades
Deputy Governor T. Rabi Sankar said the arbitrage between local and offshore markets strained dollar liquidity at a time when the rupee was under pressure due to large foreign outflows
Best flexi cap mutual funds to invest in April 2026
Flexi cap mutual funds offer fund managers the flexibility to invest across market capitalizations and sectors, making them suitable for moderate investors seeking long-term wealth creation with a five to seven-year horizon.
Q4 Preview: ICICI Pru AMC likely to report 5% growth in Q4 net profit
On a sequential basis, the fund houses profit and revenue will come under pressure due to market turbulence
How to heal your equity portfolio in FY27
FY26 left your equity portfolio bruised. As FY27 begins, heres how to heal it.
Good time to start SIPs: Fund Manager Sankaran Naren
Sankaran Naren explains why markets are more attractive but unlikely to deliver outsized returns and shares his macro-driven approach with Sanket Dhanorkar.
Growth in Asia to slow even if oil stabilises: ADB
The Iran war will also likely hit semiconductor output, amid disruptions in the shipments of key inputs for chip manufacturing like helium, sulfur and petrochemical products, according to the ADB. Tourism-dependent economies will likewise feel the drag after the war upended global travel, it added.
Global investing: Where to invest, how to do it right
For global diversification, experts recommend a diversified, disciplined approach across regions.
Why Indias wealth boom needs a succession blueprint
In India, property carries both emotional and financial weight. As Indian wealth increases, the shift has to be from accumulation to intentional transfer. Real estate will sit at the centre of that journey
Neonatal emergencies can increase your hospital bill
Parents buy maternity cover for delivery, but the bigger financial risk is complications after birth.
Trust deed wording can trigger tax risks
Whether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can significantly alter the legal consequences of an arrangement. in matters of taxation, precision in drafting is not merely good practice but an essential safeguard.
West Asia conflict hits travel insurance
Travel insurance faces challenges due to global conflicts and increased flight costs. Many insurers are suspending coverage for affected regions. Leisure travel to West Asia and Europe is down. However, senior citizens visiting children in the US are proceeding with travel plans. Pre-existing condition coverage remains a key concern for elderly travelers.
Widespread sector weakness dominates 2026
The annual returns are ranked for 9 key NSE Sector indices. Cyclicals dominate the decade, driven by capex, commodities, and recovery cycles. By Sameer Bhardwaj.
India raises Russian oil imports as risks ease
Indian refiners are boosting Russian crude oil imports. This surge is driven by supply disruptions in the Middle East and a reduced threat of US sanctions. Executives expect these high purchase levels to continue for the remainder of the year. India is prioritizing securing its energy needs amidst global market volatility.
What are AT1 bonds and how do they work?
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for you. In the 98th part of this series, Riju Mehta explains how this special category of bonds work.
Alignment of average call rate with repo rate contingent on level of liquidity: RBI
The study noted that central banks actively manage liquidity conditions in the banking system to ensure that the operating target remains aligned to the policy rate, hovering within the interest rate corridor
The 8th Central Pay Commission is holding meetings with unions and government organizations in New Delhi and Pune this month and next, respectively. Interested parties must submit a memorandum by April 30, 2026, to secure an appointment. The commission is also recruiting consultants for full-time and part-time roles.
Premier Explosives, Shankara Buildpro among top 6 unique stocks held by mutual funds in March
Unique stocks in mutual funds are those held by only one fund house. In March, around 234 such stocks were identified, with select picks like Marathon Nextgen Realty, Premier Explosives, and others reflecting concentrated conviction by funds such as Quant, HDFC, and Bandhan.
Equity mutual funds posted strong weekly gains of up to 13%, with 608 out of 615 schemes ending in positive territory. International, thematic, and sectoral funds led performance, reflecting broad-based market recovery and strong investor participation across diversified equity strategies.
11 equity mutual funds witness AUM fall by over Rs 5,000 crore in March. Check details
Equity mutual funds witnessed sharp AUM declines in March amid market volatility, with 691 of 728 funds affected. Major schemes from HDFC Mutual Fund, SBI Mutual Fund, and ICICI Prudential Mutual Fund saw heavy outflows, reflecting investor caution and market-driven erosion.
A property seller successfully claimed a Rs 21 lakh TDS credit at ITAT Delhi after the buyer mistakenly deposited it in the wrong year. Despite the Income Tax Department's denial, the tribunal ruled that capital gains must be taxed in the year of transfer, allowing credit based on Form 71.
UPI at 10: From payments pipe to backbone of Indias digital financial ecosystem
From just 17.86 million transactions worth 6,952 crore in FY17, UPI has surged to 218.98 billion transactions totalling nearly 285 lakh crore in FY26
Abakkus Flexi Cap Fund, backed by Sunil Singhania, boosted its holdings in HDFC Bank and Reliance Industries in March. The fund also increased its stake in 28 other stocks, notably Tata Steel and Bank of Baroda. A new investment was made in Mahindra & Mahindra, while Bharat Petroleum Corporation was exited.
Debt mutual funds record big outflows of nearly Rs 3 lakh crore. Are safer options losing appeal?
Debt mutual funds saw a massive Rs 3 lakh crore outflow in March. This sharp reversal followed inflows in February. Liquid funds and overnight funds faced the biggest redemptions. Experts attribute this to quarter-end institutional adjustments and profit booking. Assets under management for debt funds also declined significantly. This trend is seen as a temporary liquidity adjustment.
Shriram Finances credit rating climbs after MUFG investment
Rating agencies raise Shriram Finances long-term credit rating from AAA to AA+
Mutual fund NFOs saw strong traction in March, with 24 launches collectively raising 3,985 crore, led by HDFC MFs index fund contributing the largest share.
A retired widow, Smt. Vanajakshi, mistakenly believed she wasn't receiving dearness allowance on her regular pension. Despite receiving DA on both her family and regular pensions, she filed a court case. The Madras High Court dismissed her claim, confirming she was already receiving DA on both pensions, as per company records and relevant rules.
MFs gain during market pain: Net flows zip 56% in march
In March, equity mutual fund inflows soared to their highest level in eight months, showcasing a resilient commitment from domestic investors even amid market turbulence. Their increased investments played a crucial role in balancing out the recent foreign fund exits. Moreover, contributions via Systematic Investment Plans (SIPs) surged to unprecedented figures.
Laid off by Oracle? Heres how to calculate your severance pay and legal entitlements
In India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice periods, conditions for attending office post-layoff, and how severance packages are calculated for different employee categories. It also details entitled monetary benefits, bonus, variable pay, and ESOPs, advising employees to review settlement papers and understand their legal recourse if dues are denied.
The Income Tax Department has launched the new TRACES 2.0 portal, replacing the old system with an upgraded, user-friendly interface for streamlined TDS compliance. This platform centralizes Form 26AS, AIS, and TDS certificates, simplifying reporting with a single 'Tax Year' concept. While property buyers cannot deposit TDS here, they can use TRACES 2.0
FD rate up to 8.05% for senior citizens investing for five years; Know list of banks
Senior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this attractive rate. Tax deducted at source applies if FD interest exceeds one lakh rupees annually. However, eligible senior citizens can submit Form 15H to avoid TDS deductions. This offers a significant opportunity for enhanced returns on savings.
Policyholders facing rising premiums, slow claims, and opaque hospital pricing will soon see changes. IRDAI's new sub-committee aims to simplify health insurance, boost transparency, and improve claim processing. Key focus areas include streamlining digital systems, controlling fraud, and enhancing coordination between private and public health schemes for a better consumer experience.
Saturday bank holiday today: Are banks open or closed today on April 11, 2026?
Bank holiday today: It is important to note that banks in India observe a standardised holiday schedule that includes all Sundays, the second and fourth Saturdays of each month, as well as regional and national holidays declared in the Reserve Bank of India's (RBI) annual holiday calendar..
Invoices financed on RXILs platform jumps 51% to 1,21,105 cr in FY26
Cumulative value of invoices financed on RXILs Trade Receivables Discounting System platform crosses 3 lakh crore mark
Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance
Kumaraswamiwill succeedVSuryanarayanananasManaging Directorand CEOof Chola MS from June 1, 2026
RBI unveils medium-term strategy framework Utkarsh 2029
The framework also prioritises scaling up the Unified Lending Interface to improve access to credit, particularly for underserved segments
Fintechs bet big on digital FDs, eye larger share of retail savings
Fintechs are revolutionising Indias fixed deposit market, enhancing access and convenience for retail savers through digital platforms
RBI proposes 1 Lakh crore asset threshold for NBFC Upper Layer classification
Government-owned NBFCs will be brought under the framework for scale-based Regulation of NBFCs
The Latest Home Loan Interest Rates: Apr 10, 2026
The Latest Home Loan Interest Rates: Apr 10, 2026
