SENSEX
NIFTY
GOLD
USD/INR

Weather

image 35    C

Business News

Livemint

Business / Livemint

Tax reforms lead to 1.32 cr updated ITRs, 16,083 cr additional tax, says CBDT member; key initiatives listed

The NUDGE campaign has led to 1.32 crore updated tax returns, enhancing tax compliance and efficiency. Here's how the income tax department is improving compliance among taxpayers. 

8 Sep 2026 3:31 pm
'Will be on the tracks for testing in May-June': Ashwini Vaishnaw shares update on Mumbai-Ahmedabad bullet train

Ashwini Vaishnaw on Tuesday unveiled Mumbai-Ahmedabad bullet train launch date as he revealed that its body frame was 'sent for squeeze test' the day before yesterday.

8 Sep 2026 3:18 pm
Mumbai entrepreneur paid 10 lakh in cash towards credit card bills, gets tax demand; here's why she still won

A Mumbai-based businesswoman won a tax appeal against 20 lakh additions made by the income tax department due to cash payments of credit card bills and deposits. Here's what happened.

8 Sep 2026 2:39 pm
How much savings is enough for financial security? Experts explain how to calculate the ideal cushion

Your ideal financial cushion depends on monthly expenses, liabilities, dependants and income stability, not just your salary or savings. Heres how many months of expenses you should keep aside based on your age, job and financial responsibilities.

8 Sep 2026 2:32 pm
SGB premature redemption today: 1 lakh investment rises to 3.04 lakh as RBI fixes exit price at 15,384 per gram

SGB 2020-21 Series VI investors can redeem their bonds prematurely from 8 September 2026 at 15,384 per gram. The redemption price represents a 203.6% capital gain over the 5,067 online issue price, excluding 2.5% annual interest.

8 Sep 2026 1:42 pm
Lightspeed India to realise about $500 million by year end as Indias exit landscape broadens

Lightspeed India expects about $500 million in cash returns by year-end as private secondaries, M&As, block deals and IPOs broaden exit options for venture investors.

8 Sep 2026 1:31 pm
Buyer pays 14.5 lakh for a Gurugram flat, left in limbo after builder loses registration; RERA gives relief

Homebuyers can seek refunds from developers who fail to complete construction, as per RERA regulations. An Allahabad resident won a case against a builder in Gurugram for delays after paying 14.5 lakh. Details here.

8 Sep 2026 1:01 pm
Mint Explainer | Why the road ministry is shifting bridge monitoring to specialized agencies to curb collapses

The ministry of road transport and highways is separating bridge monitoring from highway contracts and handing it to specialized agencies in an attempt to create an independent monitoring system for Indias expanding bridge network.

8 Sep 2026 12:49 pm
Kerala man's account frozen over mysterious UPI paymentWhat to do, rules, customer rights explained

A man from Kerala reported receiving two unknown UPI payments but chose not to return them, suspecting a scam. His bank account was subsequently frozen. Here are the rules and customer rights in such cases.

8 Sep 2026 12:19 pm
Why Bollywood is betting big on Indias independent music boom

Yash Raj Films Raah Records is giving independent music a boost, as industry experts see greater monetization opportunities and expect indie tracks to gain a bigger share of music labels catalogues.

8 Sep 2026 12:09 pm
Delhi HC dismisses UltraTech's plea against builders' association joining CCI in grey cement cartel probe

UltraTech challenged the Competition Commission of Indias decision before the high court, arguing that Builders Association of India should not have been made a party because it was only an informant.  

8 Sep 2026 11:55 am
10,000 SIP for 20 years can create 87.3 lakh on paper, but could you afford it every month? Heres what investors miss

A 10,000 monthly SIP may look affordable today, but the same amount would not have been affordable to most investors 20 years ago. Its affordability-adjusted analysis shows a 10,000 flat SIP could have grown to 87.3 lakh, compared with 31.9 lakh for an income-adjusted SIP over the same period.

8 Sep 2026 11:31 am
Toyotas India cash engine fires up as dividend jumps

The surge shows how Toyotas India business has become a significant cash generator for its Japanese parent, even as the automaker steps up investments in the country.

8 Sep 2026 11:28 am
Mauritius SBM Bank India mobilises $100 million through FCNR window

The mobilization drive allowed SBM Bank India to reach prospective customers in markets such as Africa and the UAE who had not previously banked with the lender.

8 Sep 2026 11:06 am
Wrong job exit date on EPFO portal can disrupt PF claims or background verification; heres how to correct it

When leaving a job, ensure that the correct exit date is recorded in the EPFO system to avoid issues with PF transfers and verification. Here's the full process for making corrections or updating it.

8 Sep 2026 11:03 am
Polycab India to go all out to defend market share as Birla enters wires and cables

Aditya Birlas UltraVolt has entered Indias wires and cables market with 1,800 crore. Polycab says it will defend its 30% share as new capacity raises fears of margin pressure.

8 Sep 2026 10:57 am
Subscriptions make life easier, but the convenience can come at a cost

Subscriptions are bringing groceries, fitness, beauty and other everyday needs to the doorstep, reducing routine trips outside. But convenience can also create behavioural traps and recurring costs.

8 Sep 2026 10:31 am
NPS to OPS switch for central government employees: Who could benefit from NC-JCMs demand over pre-2003 vacancies?

NC-JCM has sought OPS benefits for certain NPS-covered central government employees recruited against vacancies sanctioned before 22 December 2003. Heres who could benefit if the government accepts the demand and how it differs from the existing OPS eligibility rules.

8 Sep 2026 10:20 am
Samsung India begins layoffs, 80-100 executives in TV and home appliance businesses asked to leave: Report

Amid declining consumer demand, Samsung Electronics has laid off 80-100 executives in India, particularly in television and home appliances. While layoffs are ongoing, the smartphone division remains unaffected for the moment, with expectations of improved sales during the upcoming Diwali season.

8 Sep 2026 9:47 am
Gold, silver prices today, 8 September: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

Gold and silver prices today, 8 September: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

8 Sep 2026 9:22 am
SEBI gives angel funds 7-month extension to comply with accredited investor mandate

SEBI has extended the deadline for Angel Funds to comply with the accredited investor requirement to March 31, 2027. Details here.

8 Sep 2026 9:14 am
Income-tax refund not received after filing ITR? Check these 6 things if refund is delayed, failed or not credited

Filed your ITR but the income-tax refund has not reached your bank account? Here are six things to check if the refund is delayed, failed or marked as issued. From checking your refund status and bank-account validation to requesting a refund reissue, heres what taxpayers should do next.

8 Sep 2026 8:41 am
Income Tax Dept seized gold and silver from Mumbai woman; heres why ITAT deleted 11.23 lakh tax addition

Income Tax Dept seized gold, diamonds and 11.2 kg silver from a Mumbai womans home and bank lockers. ITAT Mumbai deleted 11.23 lakh tax addition after accepting her explanation of marriage gifts and inheritance.

8 Sep 2026 8:06 am
Can you nominate a minor for insurance or mutual funds? Here's what you need to know

Investing in mutual funds or insurance requires nominating a person to receive proceeds upon death. Here's whether minors can be nominated and everything else you need to know.

8 Sep 2026 7:44 am
W Health Ventures closes Fund II at 700 crore, aims to build 8-10 healthcare startups

The company creation fund will deploy capital in 30-50 crore cheques over four years to build niche healthcare platforms across oncology, preventive care, and geriatrics, managing partner Pankaj Jethwani told Mint.

8 Sep 2026 6:00 am
Public insurance registry explained: What policyholders need to know

The registry could bring several changes for policyholders, from putting all their insurance policies in one place and making health insurance portability easier to enabling product comparisons, simpler servicing and better visibility into agents and intermediaries

8 Sep 2026 6:00 am
South Korea Gaming Billionaire Faces Court Verdict on Divorce

A South Korean gaming billionaire and his wife will get a court verdict on their divorce Wednesday, with control of one of the countrys biggest privately held gaming companies potentially at stake.

8 Sep 2026 2:52 am
Federal investigators probe Amazon cargo jets fiery runway crash that killed 5 in Miami

Federal investigators probe Amazon cargo jet's fiery runway crash that killed 5 in Miami

8 Sep 2026 12:47 am
Mutual funds vs direct stocks: The hidden tax advantage on dividends that investors should know about

Mutual fund investors can benefit from a tax advantage on dividends received by schemes, as these dividends are not taxed at the scheme level. The full amount can remain invested and compound, unlike direct stock dividends, which are taxed at the investors slab rate. 

8 Sep 2026 12:19 am
AI delays, memory crunch, new Huawei & Xiaomi foldables: Headaches hanging over John Ternus first Apple event on Sept 9

John Ternus is set to succeed Tim Cook as Apple CEO, taking charge amid rising memory costs, potential iPhone price hikes and EU App Store changes. His first major test will be the September 9 launch, including the iPhone 18 Pro and expected foldable iPhone.

7 Sep 2026 11:59 pm
Sachin Tendulkar makes 70 crore property move in Lonavala; details of the deal here

Sachin Tendulkar has acquired full ownership of the 3.09-acre parcel. For the remaining two properties, he has purchased a 50% undivided share, according to the registration documents.

7 Sep 2026 11:47 pm
Only 20 of 320 active fund managers have 10+ years of experience: Why investors should look beyond past returns

Mutual funds often come with 10- or even 20-year performance histories, but the manager currently making investment decisions may have been running the scheme for much less time. A September 2026 analysis found average manager tenure below three years across every equity-fund category.

7 Sep 2026 11:29 pm
Govt puts public sector bank executive performance pay on hold amid strike call

Bank unions have strongly opposed the performance-linked incentives framework, calling it discriminatory and favouring senior executives (Scale IV and above).

7 Sep 2026 11:22 pm
Is your SIP in the red after 2 years? Know when 69% of these weak starts entered double-digit return territory

A weak or negative SIP return in the first two years may not be a reason to exit. An analysis of two decades of Nifty 500 TRI data found that nearly 69% of cases with negative two-year SIP returns delivered double-digit annualised returns by year five, while none remained negative. 

7 Sep 2026 10:47 pm
Why copper is hitting record highs: Trump tariffs, US stockpiles and supply crunch explained

Copper surged to its highest-ever price on the London Metal Exchange after a weeks-long rally fueled by anticipation that President Donald Trump will expand US tariffs to imports of refined metal.

7 Sep 2026 10:45 pm
Better than the best: Chandrasekaran lays down Air Indias turnaround priorities as Tewolde takes charge

Air Indias Tewolde takes charge as Chandrasekaran sets sharper priorities on safety, trust, operations and costs.

7 Sep 2026 10:40 pm
Saving money for no reason? 5 luxuries you must spend on once essentials, emergencies and future goals are covered

Investing in experiences and comfort can enhance life satisfaction. Here are 5 luxuries you must spend on once essentials, emergencies and future goals are covered.

7 Sep 2026 9:45 pm
Bond yields near 7%: Should investors shift money to debt instruments amid equity volatility and F&O losses?

Bond yields have risen sharply over the past year, with Indias 10-year government bond yield nearing 7%. As equities remain volatile and F&O traders face losses, higher yields are making debt more relevant for retail investors. 

7 Sep 2026 9:09 pm
HDFC Bank cuts MCLR lending benchmarks from today by 5-10 basis points: Check detailed rates

HDFC Bank has lowered its lending benchmarks by 5 to 10 basis points for various tenures effective September 7, 2026. The revised MCLR rates now range from 7.90% to 8.60%, with reductions benefiting borrowers linked to MCLR loans.

7 Sep 2026 8:27 pm
Tax audit vs ITR deadline: The two-stage filing process taxpayers need to know about

For taxpayers subject to a tax audit, the 30 September audit report deadline and the 31 October ITR filing deadline are separate but connected compliance steps for AY 2026-27. Here's what taxpayers need to know about these two deadlines and what they should do before each date.

7 Sep 2026 7:41 pm
5 hacks to save more money: Finance lessons from Indian mothers that make you richer every week

By adopting practical habits, you can effectively save money for future expenses. Here are 5 hacks to save more money; these finance lessons from Indian mothers make you richer every week.

7 Sep 2026 7:27 pm
Swiggy picks 3.2% stake in Udaan, sells B2B arm for 500 crore

Swiggy will swap its entire holding in Lynk Logistics for shares in Udaans parent and separately invest 75 crore in the B2B platform, retaining exposure to Indias retail distribution opportunity.

7 Sep 2026 7:10 pm
30 lakh investment: FD vs SCSS vs Post Office MISwhich offers the highest monthly income?

Investing 30 lakh? Compare SCSS, bank FD and Post Office Monthly Income Scheme (MIS) interest rates, income potential, deposit limits and payout frequency to understand which option can deliver the highest regular income while balancing eligibility, liquidity and tax considerations.

7 Sep 2026 7:00 pm
Have more than 5 lakh in one bank FD? Sanjay Kathuria warns of a hidden risk and reveals how to shield your money

FDs may offer stability, but putting a large amount in one bank can expose investors to concentration risk. DICGC deposit insurance covers up to 5 lakh per depositor per bank, including principal and interest. Heres what investors with large FD portfolios should know. 

7 Sep 2026 6:40 pm
First female administrator in the Panama Canals history takes the helm

First female administrator in the Panama Canal's history takes the helm

7 Sep 2026 6:36 pm
5 reasons why your investment strategy makes no sense: Check common money mistakes

Investing without clear goals can lead to poor decisions influenced by emotions or trends. Check these 5 common money mistakes.

7 Sep 2026 6:27 pm
Should you take a personal loan to pay off credit card debt? Experts explain when it makes sense

Experts say a personal loan can help consolidate credit card debt if its interest rate is lower than your card's cost and you maintain repayment discipline, but check processing fees, prepayment penalties and total interest before switching.

7 Sep 2026 6:06 pm
Silver rallied 98% in the last one year, but investors earned only 18%: What explains the huge return gap?

Silver surged 98% in a year, but investors earned only 18%. The sharp gap raises a bigger question: did investors miss the rally, or did they enter at the wrong time? The answer lies in how investor behaviour changed as silver prices climbed.

7 Sep 2026 5:41 pm
Tax audit deadline 2026: Who must file the report by Sept 30 and when is the last date to file ITR for such taxpayers

Taxpayers with business or professional incomes face different ITR deadlines. Tax audit reports are due by September 30, 2026, with penalties applicable for late submissions. Details here.

7 Sep 2026 4:54 pm
Did you know that Mark Zuckerberg has a 'doomsday bunker' in Hawaii? Take a look at Metas CEOs real estate portfolio

Mark Zuckerberg owns multiple properties with his wife Priscilla Chan, including their recent purchase of a gothic castle in Ireland. The couple also own two lakefront estates, a residential home in Palo Alto, ranches in Hawaii and several more mansions and properties in the US. Check all.

7 Sep 2026 4:49 pm