29 C 
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
The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposure
The Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US-dollar route to diversified Indian mutual funds and ETFs through professionally managed portfolio selection.
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.
Son promised to care for elderly parents after receiving their Mumbai flat as gift; however, he failed to do so; Bombay High Court cancels gift deed and orders son and wife to vacate. Know why son lost the case in Bombay High Court.
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.
Parag Parikh Flexi Cap Fund, the largest active flexicap fund by AUM, raised its stake in HCL Technologies, Coal India and nine other stocks in July. It added 5.76 lakh HCL Tech shares and 10.27 lakh Coal India shares. Among the other holdings, Indraprastha Gas saw the biggest addition, with the fund buying 1.06 crore shares during the month.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Government clarifies UPI users will not be charged, says MDR may apply to select merchants
Finance Ministry said, Consumers making payments will not face any transaction charges and that all Person-to-Person transactions will continue to be free of charge
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.
5 equity mutual funds that delivered over 20% returns in 10 years for SIP investors. Do you own any?
Five equity mutual funds delivered over 20% annualised SIP returns over the past decade. Quant Small Cap led with 24.2%, followed by Nippon India Small Cap, Invesco India Mid Cap, Quant ELSS Tax Saver and Nippon India Growth Mid Cap. Investors should consider risk, goals and investment horizon beyond past performance.
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.
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
In FCNR (B) race, small banks raise deposit rates to woo NRIs
These banks are offering interest rates 150 bps higher than large lenders
Net profit of PSBs surged to 1.98 lakh cr in FY26
Gross advances of PSBs grew by 15.7 per cent to 127 lakh crore as on March 31, 2026
To enhance customer centricity and promote inclusive banking, PSBs have reviewed their service charge structures.
SBI expects to mobilise about $10b via FCNR(B) deposits by Sept-end 2026
FCNR (B) deposit inflows will give Indias largest bank a clear visibility on liquidity and helping it reduce dependence on bulk deposits
Total subscribers of NPS, a defined contribution pension system, from the non-government sector stands at around 90 lakh at present
Cholamandalam net profit up 46% in Q1FY27
The Board also approved fundraising aggregating to around Rs 55,000 crore by way of issue of Non-Convertible Debentures (NCDs)
Tata Capitals Q1FY27 consolidated net profit jumps 56% at 1,547 crore
Once the Yogloans acquisition is complete, over the next two and a half to three years, TCL expects to add close to about 500 plus branches and with a portfolio of approximately 4,000 to 5,000 crores
Equitas Small Finance Bank posts 183 crore profit in Q1
Gross advances grow 27%, led by gold and microfinance loans
City Union Bank Q1 profit rises 25% to 383 crore on NII growth
Were on track for 20% business growth in FY27, says CEO Vijay Anandh
Delhi High Court orders winding-up of Paytm Payments Bank
RBI-appointed liquidator Girikumar M Nair to take charge after licence cancellation in April
Delhi High Court orders winding up of Paytm Payments Bank, says RBI
The High Court has appointed an official liquidator to oversee the winding up of Paytm Payments Bank following the RBIs decision to revoke its banking licence over regulatory violations.
We are also consciously growing our retail, agriculture and MSME portfolio, says Brajesh Kumar Singh
TVS Motor raises stake in TVS Credit to 85.15% with 711-crore share purchase
With this, the shareholding of TVS Motor in TVS Credit will increase from 80.76 per cent to 85.15 per cent
Shriram General Insurance does not expect SC judgment to impact motor TP portfolio
We are analysing the impact, says Anil Aggarwal, MD & CEO of Shriram General Insurance
HSBC uses leverage to win $5.5 billion in India Forex deposits
HSBC has offered leverage of as much as 19 times the deposit, compared with about nine times at Standard Chartered
The Latest Home Loan Interest Rates: Aug 07, 2026
The Latest Home Loan Interest Rates: Aug 07, 2026
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
The Latest Fixed Deposit Interest Rates: Aug 07, 2026
Good news for HDFC Bank borrowers: Lending rates reduced across multiple tenures; check latest list
In a strategic move, HDFC Bank has reduced its MCLR rates across various tenures by as much as five basis points, effective from August 7, 2026. The updated MCLR now varies between 8% and 8.65%, tailored to the specific loan duration.
8th pay commission update: The 8th Pay Commission is actively engaging with various stakeholders to gather insights on salary and pension adjustments. Employees are hopeful for a timely report that could significantly alter their compensation. Projections suggest that gross pay increases may vary from 31% to 68%, relying on different fitment factors, particularly for employees at Levels 7 and 8. Multiple employee organizations have presented their fitment factor recommendations to the commission.
Unclaimed mutual fund assets rose nearly 10% to Rs 3,811 crore in FY26, led by higher unclaimed dividends, Sebi said. Despite this, mutual fund assets, SIP contributions and investor participation expanded strongly, reflecting sustained retail interest and industry growth.
Can NRIs invest in RBI Floating Rate Savings Bonds offering 8.05% interest rate?
Non-Resident Indians (NRIs) are prohibited from making new investments in RBI floating rate savings bonds; however, those who are existing holders may maintain their investments. The bonds offer an attractive interest rate of 8.05%, bolstered by government guarantees.
AIBOA urges President to halt IDBI Bank divestment, cites breach of assurance
Officers body sought intervention of President as Custodian of public sector financial institutions and public sector undertakings, to safeguard institutions created and nurtured in public interest
Multi-asset funds vs largecaps: Why has the diversified strategy delivered better returns in 1 year?
Multi-asset funds are gaining popularity by diversifying across equity, debt, precious metals and other assets. Strong gold and silver gains boosted one-year returns, while active allocation and tax treatment vary by equity exposure.
Homebuyersgot no compensation for more than 2-year delay in possession of flat, MahaRERAorder; Know how accepting possession without protest cost them the delaycompensation. Know why homebuyers lost this case.
SBI Q1 net profit rises 10% to 21,121 crore on strong NII, lower NPA provisions
Net interest income rose 15% to 46,992 crore, up from 40,907 crore a year ago
Sunil Singhania-backed Abakkus Small Cap Fund added Indo-MIM, Mrs Bectors Food Specialities and BEML to its portfolio in July while exiting Bank of Baroda and Cyient DLM. The fund also increased its exposure to HDFC Bank and 55 other stocks, according to its latest monthly portfolio disclosure.
