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From 5 lakh to 1.30 crore: Trial and error, discipline and boredom Investor shares how portfolio grew over 7 years

A process of trial and error and self-learning led this investor from 5 lakh portfolio to 1.30 crore over a seven-year period, he shared online. Here's how the investment journey went

15 Aug 2026 8:21 pm
Widow denied 1 crore claim after husband passed away, later receives payment: Why court sides with the family

Tata AIA rejected a 1 crore life insurance claim from a widow, alleging nondisclosure of prior insurance issues. 

15 Aug 2026 7:57 pm
8th pay commission: Full recommendations to come in May 2027? Here's how the timeline works

8th pay commission: We can expect an announcement of the full list of recommendations sometime near May 2027 after completion of discussions with stakeholders and employee groups. Here's a look at how the timeline works

15 Aug 2026 7:18 pm
Anish Shah-led Mahindra renews global push after cutting losses

Mahindra wants to pursue a two-pronged strategy: expanding in global markets while simultaneously increasing volumes in the domestic market

15 Aug 2026 7:03 pm
Prashant Kishor has nearly 8 crore in FDs: How much tax could he pay on this massive corpus?

Prashant Kishor's financial portfolio largely consists of fixed deposits totaling 7.36 crore with HDFC Bank, compared to only 63 lakh in equities. His election affidavit shows total assets of nearly 198 crore, including movable and immovable properties.

15 Aug 2026 6:17 pm
Amazon brings back no class-action clause: Why customers may have to fight disputes outside court

Amazon has reinstated a user agreement clause that may hinder class-action lawsuits against it, requiring customers to resolve disputes outside court. 

15 Aug 2026 6:08 pm
DA hike: 30,000 minimum wage, higher pension, job security Full list of BMS' demands ahead of 17 August strike

Key demands by the BMS include hike in variable DA, a minimum monthly wage of 30,000 for unskilled workers, job security for contract workers, higher pensions and increased wage ceilings for EPF and ESLI schemes. 

15 Aug 2026 5:27 pm
With no nominee from Sir Ratan Tata Trust, Tata Sons AGM next week may not happen: Report

The Tata Sons AGM on 18 August may not take place after Sir Ratan Tata Trust, a key shareholder in the holding company of the Tata Group, was unable to nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner, PTI reported.

15 Aug 2026 4:05 pm
Kisan Vikas Patra at 7.5%: How long will your money take to double in 2026?

Kisan Vikas Patra offers a 7.5% annual interest rate in July-September 2026, with investments doubling in 115 months. Here is how KVP works, its maturity period, investment limits and key points savers should know before investing.

15 Aug 2026 3:07 pm
CBDTs foreign income-asset disclosure scheme for small taxpayers: How much income tax do you actually have to pay?

The Central Board of Direct Taxes launched a one-time scheme on 16 August for small taxpayers to declare undisclosed foreign assets until December 2026. A 60% payment on the declared value ensures immunity from penalties.

15 Aug 2026 3:05 pm
Delhi Lakshmi Yojana: Here's how to check status of your application online Stepwise guide

Registration for the Delhi Lakshmi Yojana will continue till the target of 17 lakh women is met, CM Rekha Gupta said. Here's how eligible women can track the status of their application after applying for the financial assistance scheme 

15 Aug 2026 2:55 pm
Have multiple jobs at the same time? Heres how your PF membership is regulated under EPFO rules

Employees with multiple jobs may receive separate EPF benefits from each employer, and EPFO provides guidelines for overlapping employment. Details here. 

15 Aug 2026 2:55 pm
Home loan prepayment vs investing: When should you use extra cash to repay debt?

Home loan prepayment can reduce interest costs, while investing surplus funds may offer higher returns. Compare the loan rate, post-tax investment gains, risk and liquidity before deciding. 

15 Aug 2026 2:54 pm
Credit card statement date vs payment due date: What is the difference, and why does it matter

Check out the difference between a credit card statement date and payment due date. Having a clear understanding of the same can help cardholders plan repayments, avoid late fees and interest, manage cash flow and maintain healthier credit habits.

15 Aug 2026 2:53 pm
RBI proposes 3-month MCLR reset for loans: What could change for borrowers and their monthly EMIs

RBI has proposed a new MCLR formula using a three-month moving average of banks marginal funding costs. The draft also proposes a three-month reset period for MCLR-linked loans and aims to make loan pricing more transparent.

15 Aug 2026 2:44 pm
Why life insurance should be part of your financial freedom plan, not an afterthought

Financial freedom requires more than wealth creation. Learn how life insurance, emergency savings and disciplined SIP investing can protect family finances, support long-term goals and build a stronger financial plan against unexpected life events.

15 Aug 2026 2:20 pm
5 lakh investment plan: How to allocate your money wisely by age, risk and financial goals

Learn how to invest 5 lakh wisely at different ages with a practical asset allocation strategy covering equity, mutual funds, fixed deposits, gold and liquidity, while balancing risk, financial goals, family responsibilities and long-term wealth creation.

15 Aug 2026 2:09 pm
DA Hike 2026: Expert decodes how Dearness Allowance is calculated, approved and when the revised rate takes effect

DA Hike 2026 explained: Know how Dearness Allowance is calculated using CPI-IW data, when the July revision takes effect, and how retrospective payments and arrears work. Having a conceptual understanding of these aspects can help in better financial planning. 

15 Aug 2026 1:55 pm
Life insurance claim denied over non-disclosure? Why family won 1 crore after insurer failed to prove concealment

A Telangana consumer commission has upheld a 1 crore life insurance death claim after Tata AIA rejected it over alleged non-disclosure of an earlier policy proposal postponed on medical grounds. 

15 Aug 2026 1:29 pm
Big relief for taxpayers! Govt opens one-time disclosure window for unreported foreign assets; check penalty, due date

Taxpayers with unreported foreign assets can file declarations till December 31, 2026 through a one-time disclosure window. The voluntary scheme targets small investors. Here's all you need to know about the scheme.

15 Aug 2026 1:22 pm
Nearly 200 cr net worth, but a little equity: How Bankipur MLA Prashant Kishore invests his wealth

His financial portfolio includes investments like fixed deposits, mutual funds, and bonds, He also possesses a dismantled rice mill and his wife has gold weighing 475 grams and silver weighing 200 grams.

15 Aug 2026 1:13 pm
Faced an unfair insurance claim rejection or policy mis-selling? Finance Ministry explains what to do next

The Finance Ministry has issued guidelines for insurance policyholders to address unfair claim rejections and service-related issues. Full details here. 

15 Aug 2026 12:18 pm
Defaulted on your loan? Know when banks can seize your property and what recovery agents cannot legally do

Missing a loan EMI does not give banks unlimited powers to seize assets or let recovery agents harass borrowers. Heres what banks can legally do after a default and what borrowers can do if recovery agents cross the line.

15 Aug 2026 12:01 pm
Credit Card Debt: How you can break free from high-cost debt and move towards financial freedom, an expert explains

Credit card debt can delay financial freedom through high interest costs. Check and understand practical ways to repay outstanding balances, avoid minimum-payment traps, manage EMIs and build healthier money habits for long-term financial stability.

15 Aug 2026 11:42 am
SCSS account close to maturity date? Here's what retirees need to know about extending their account

SCSS offers retirees a fixed-income investment with government backing, quarterly payouts, and an attractive interest rate. Here's what retirees need to know about extending their account. 

15 Aug 2026 11:13 am
Investing in India from abroad? SEBI proposes digital KYC for NRIs, OCIs without physical presence in India

SEBI has proposed allowing NRIs, OCIs and eligible foreign nationals in FATF-compliant countries to complete digital KYC for Indian securities investments without travelling to India. The proposal also seeks to make KYC records portable.

15 Aug 2026 10:36 am
5 financial mistakes that can quietly erode your wealth: Experts share simple ways to avoid them

Some common financial mistakes can weaken long-term wealth creation, from inadequate emergency savings and insurance to frequent fund switching and poor asset allocation. Experts explain practical ways Indian investors can protect savings and invest more effectively.

15 Aug 2026 10:20 am
How much cash can you deposit in a savings account in a year? Here's what happens if you cross the limit

Large cash deposits in savings accounts can attract scrutiny from banks and tax authorities. Deposits exceeding 10 lakh in a financial year must be reported, requiring depositors to disclose their sources to avoid potential tax implications.

15 Aug 2026 9:41 am
Income-tax penalty over 3.71 lakh political donation deduction: ITAT Ahmedabad deletes 2.31 lakh penalty

ITAT Ahmedabad has deleted a 2.31 lakh income-tax penalty imposed on a taxpayer over a 3.71 lakh political donation deduction claimed under Section 80GGC. The tribunal said the tax department failed to clearly establish how the claim amounted to under-reporting or misreporting of income.

15 Aug 2026 8:33 am
Income tax disputes: Govt drops 23,467 appeals under higher tax-effect limits; what taxpayers need to know

The Income Tax Department has withdrawn 5,978 appeals and not filed another 17,489 after higher monetary limits were introduced for departmental tax appeals. Heres what the 60 lakh, 2 crore and 5 crore thresholds mean for taxpayers and pending income-tax disputes.

15 Aug 2026 8:03 am
Paying rent using a credit card? These common mistakes could lower your CIBIL score

Using a credit card for rent payments can offer convenience and rewards but may incur significant costs. Here's what you need to know before considering it.

15 Aug 2026 7:45 am
Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

USA-MARKETS/13F-TIGER GLOBAL:Tiger Global Management cuts stakes in Big Tech, buys into SpaceX

15 Aug 2026 12:57 am
Meta Says Its Shut Down 750,000 Youth Accounts in Australia

Meta Platforms Inc. says it has removed access to more than 750,000 Instagram and Facebook accounts in Australia believed to belong to people under 16 since it began complying with the countrys landmark youth social media ban last year.

15 Aug 2026 12:26 am
Luigi Mangione pleads guilty to federal stalking charges in the killing of UnitedHealthcare CEO

Luigi Mangione pleads guilty to federal stalking charges in the killing of UnitedHealthcare CEO

15 Aug 2026 12:08 am
Sebi proposes major overhaul of settlement rules; fast-track route for cases up to 10 lakh

The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to 10 lakh

14 Aug 2026 11:18 pm
SBI leads in deposits and customer base, HDFC Bank tops average deposits per customer

SBI has the largest deposit base among the banks included in the comparison, with total deposits of 60.4 lakh crore. It also has the highest customer base, with 53 crore customers

14 Aug 2026 11:13 pm
West Bengal to implement Ayushman Bharat, Mukhyamantri Swasthya Bima Yojana from August 16 Here's all we know

West Bengal government is set to implement the Centre's health insurance scheme Ayushman Bharat and state's cashless coverage scheme Mukhyamantri Swasthya Bima Yojana from August 16. Here's all we know 

14 Aug 2026 11:07 pm
JPMorgan Chase debanks Polymarket over regulatory concerns: Report

JPMorgan retains other ties to Polymarket as it looks to leave the door open for an underwriting role should it attempt to go public, the report said. 

14 Aug 2026 10:08 pm
8th Pay Commission: Eligibility criteria, essential qualifications for consultants; check what's changed

The 8th Pay Commission has updated guidelines on eligibility criteria and essential qualifications for vacancies of its contract-based consultant roles. Here's a look at what has changed for the applicants.

14 Aug 2026 9:50 pm
Think early retirement is boring? Try: Pro-FIRE users post sparks debate; social media reacts

Finance commentator Seb's FIRE Journey ignites online debate over early retirement versus corporate life. Many agree that a lengthy commute and dull meetings can overshadow the perceived boredom of retirement.

14 Aug 2026 9:17 pm
Gen Zs YOLO image doesnt match its bank account: Where young Indians are actually spending their salaries

Gen Z's budget is far more practical than flashy. A staggering 70% of a young professional's monthly budget is swallowed up by just five core categories Bills, subscriptions & more

14 Aug 2026 9:04 pm
Elon Musk's SpaceX gears up to take on rivals OpenAI, Anthropic with $60 billion acquisition of AI startup Cursor

SpaceX has completed a $60 billion acquisition of artificial intelligence coding startup Cursor, a key part of Elon Musks bid to gain ground on rivals Anthropic PBC and OpenAI.

14 Aug 2026 8:31 pm
Reliance, Rolls-Royce join hands to develop indigenous engine for AMCA full details here

Reliance Industries and Rolls-Royce announced a partnership to develop a combat aircraft engine for India's AMCA programme, aiming to enhance domestic fighter-jet propulsion capabilities. They plan to establish an Aerospace Gas Turbine Complex in India for the entire engine lifecycle.

14 Aug 2026 8:27 pm
NSC for NRIs: Can non-resident Indians invest in National Savings Certificate and claim tax benefits?

Investments in NSC start at 1,000 with no upper limit. NSC qualifies for Section 80C tax deductions for resident investors. Premature encashment is allowed under specific circumstances, like the account holder's death or court orders.

14 Aug 2026 8:17 pm
Mahindra looks to plug gaps in its commercial vehicle push

Mahindra is using the merged SML Mahindra entity and two new truck engines to break into heavier commercial vehicle segments and challenge Tata Motors and Ashok Leyland. The company is targeting 20% CV market share within a decade while treading carefully on subsidised electric buses.

14 Aug 2026 8:07 pm
AI is just table stakes: Nithin Kamath roasts generic nice-looking investment decks as surefire way to get ignored

Nithin Kamath said that the fundamental questions are: Why AI? How do you manage security risk? Continuous evaluation, especially of the high-stakes decisions.

14 Aug 2026 7:47 pm
DA hike: Minimum pension, variable DA, EPF ceiling increases Trade union BMS to hold demonstrations on 17 August

Trade union, the Bharatiya Mazdoor Sangh (BMS), said it will hold nationwide demonstrations on 17 August over long-pending workers' issues. Demands include Minimum pension, variable DA, and EPF ceiling increase. 

14 Aug 2026 7:09 pm
Non-life insurance premium growth masks sharp fall in crop, fire cover rates

Crop insurance premium slumped by two-thirds during April-July to 1,183 crore from 3,544 crore a year earlier, while fire premium fell 28.5% to 10,062 crore from 14,063 crore.

14 Aug 2026 6:48 pm
Maharashtra Ladki Bahin Yojana instalment date: When will you receive this months 1,500 payment?

The Maharashtra government may provide 3,000 to women enrolled in the Ladki Bahin scheme before Raksha Bandhan. However, beneficiaries await clarity on pending payments for July and August, with no official confirmation yet on the potential combined instalment or payment dates.

14 Aug 2026 6:26 pm
Think your childs PPF is a separate 1.5 lakh limit? Heres what the Kerala HC says

Among the safest investment options in India, public provident fund or PPF investment can help parents prepare for the big expenses in your children's future, be it health, marriage, education or other aspirations.

14 Aug 2026 5:54 pm