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BMW owner wins 14-year battle: Insurer told to pay 70 lakh after car gutted in fire

A consumer commission has directed United India Insurance Company to pay 70 lakh to a BMW owner whose car was gutted in a fire after a tyre puncture left him stranded on a Maharashtra highway. 

13 Oct 2026 5:32 pm
Why LTCG tax is back in focus: What the 12.5% rate and 1.25 lakh exemption mean for investors

LTCG tax is back in focus after SBI Research proposed scrapping the tax on equity investments. Here are the latest LTCG tax rates, the 1.25 lakh exemption on eligible equity gains, property taxation rules and what investors need to know.

13 Oct 2026 5:12 pm
Why Indias factories struggle to keep up with the world

An Indian factory takes 23% longer to fill the same export order than a Vietnamese factory and pays for 18% more labour-hours to do it.

13 Oct 2026 4:56 pm
Received money to vacate your flat for redevelopment? ITAT clarifies when the compensation may be tax-free

Mumbai ITAT has ruled that 82 lakh received by a flat owner as hardship compensation under a redevelopment agreement was not taxable as income. The ruling offers guidance to homeowners receiving compensation from builders during housing society redevelopment.

13 Oct 2026 4:39 pm
SBI Research urges govt to scrap LTCG tax on equities to attract foreign investors

SBI Research has urged the government to scrap long-term capital gains (LTCG) tax on equities and extend holding periods to two or three years to attract foreign investment. The proposals come amid heavy FPI outflows and pressure on the Indian rupee.

13 Oct 2026 4:15 pm
Sold TDRs for 6.02 crore? ITAT clarifies capital gains tax rules for landowners

The ITAT has ruled that the sale of Transferable Development Rights (TDRs) for 6.02 crore attracts capital gains tax after the land was surrendered for road widening. However, eligible land costs and deductions must be considered when calculating taxable gains.

13 Oct 2026 3:45 pm
Large businesses must help MSMEs upgrade, build competitiveness, says MSME secretary Khera

MEME ministry secretary Bharat Khera has called for greater technology transfer, vendor development and supply chain integration as smaller firms face global disruptions and rising costs.

13 Oct 2026 3:16 pm
Festive sales 2026: decoding discounts and behavioural nudges behind e-commerce deals

E-commerce giants use psychological tricks like countdown timers, artificial price inflations, and easy financing to drive impulse buys during festival sales. Experts warn consumers to track price histories and look out for hidden fees on No-Cost EMI options before buying.

13 Oct 2026 3:11 pm
LTCG tax removal on the table? FM Sitharaman says Budget consultations will hear investors views

Will LTCG tax be scrapped? Union Finance Minister Sitharaman signals openness to debate as SBI Research urges tax relief to attract foreign investors.

13 Oct 2026 3:10 pm
One PAN, 50,000-cr transactions and 25000 properties under IT scanner: What happened at Gurugrams Badshahpur tehsil?

The Income Tax dept is scrutinising records at the Badshahpur tehsil office in Gurugram after it found the same PAN was used for 25,000 property registrations, worth transactions of 55,000-crore.

13 Oct 2026 3:09 pm
Mint Explainer | Does India have a chance to escape the tariffs on Russian oil?

In the past, India has cut back oil purchases from sanctioned nations. This time, the situation is different. The global oil supply is tight due to the Russia-Ukraine and West Asian crisis.

13 Oct 2026 3:08 pm
UPI MDR fee: Why did the govt decide to implement charges after Diwali 2026?

UPI MDR fee update: NPCI has deferred the implementation of Merchant Discount Rate (MDR) charges on select person-to-merchant (P2M) UPI transactions until after Diwali 2026. The exact date is yet to be announced. The deferment does not mean the proposed charges have been cancelled.

13 Oct 2026 2:42 pm
Retired early? EPFO explains how long members continue earning interest, how to recover inoperative account

An EPF account may become inoperative after three consecutive years without contributions following retirement or age 55, whichever is later, or after moving abroad. Here's how you can recover your account or corpus 

13 Oct 2026 2:36 pm
UPI transactions above 2,000: 0.40% MDR pushed until after Diwali, says NPCI

Merchant Discount Rate of 0.4 pc on UPI transactions over 2,000 deferred; to come into effect post Diwali: NPCI statement

13 Oct 2026 1:39 pm
Promised 30% monthly returns? SBI warns investors against fake investment schemes

SBI has warned investors against fraudulent investment schemespromising 30% monthly returns. Identify these four warning signs, verify SEBI registration and protect your savings from online financial scams.

13 Oct 2026 1:17 pm
Setting aside 2,000 per month in PPF can put your child on path to crorepati status in long run. We calculate how

Setting aside 2000 per month for your child can help secure their financial future. Here's how you can use the government backed PPF facility to set them up for crorepati status in the long run. 

13 Oct 2026 12:58 pm
Mint Explainer | Can the government stop merchants from passing on UPI MDR fee?

The finance ministry says merchants cannot pass the charge to customers. But who acts if a shop charges extra for UPI payments, and how can the customer recover the money?

13 Oct 2026 12:56 pm
How to build wealth in your 20s and 30s without giving up your lifestyle

Building wealth in your 20s and 30s need not mean extreme frugality. Starting early, investing regularly and directing part of every salary hike towards investments can help balance present-day pleasures with future financial security.

13 Oct 2026 12:38 pm
Gold, silver prices today, 13 October: Rates flat as investors await US inflation data for Fed rate clues

Gold and silver prices today, 13 October: 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.

13 Oct 2026 12:05 pm
PM Kisan 24th instalment: When will farmers receive 2,000? How to check payment status online

PM Kisan 24th instalment date: The government has not yet confirmed when farmers will receive the next 2,000 payment. Check the latest update, online payment status, eligibility requirements and steps to resolve payment delays.

13 Oct 2026 11:46 am
Bollywoods ageing stars leave a gap. Can young actors fill it?

Hindi studios are increasingly backing younger actors for major and mid-budget films as established stars age. Will the bet pay off for Bollywood?

13 Oct 2026 11:22 am
Indias pension system has a blind spot: those already old

Indias pension system is getting better at helping people save for retirement. But for older informal workers with little pension income, reverse mortgages could turn home equity into a financial lifeline.

13 Oct 2026 10:31 am
AI tools are reshaping Indias fast-growing microdrama market

Mobile video platforms and OTT players are using artificial intelligence models to lower production costs and personalize content discovery, though turning faster rollouts into sustainable viewer engagement remains a challenge, insiders said.

13 Oct 2026 10:23 am
Celebrities are selling sarees on Facebook, Instagram LIVE: Here's what works for them; social media advantages and more

Celebrities are using Facebook and Instagram Live to sell sarees, combining product demonstrations, entertainment and direct customer interaction. 

13 Oct 2026 9:54 am
Another significant milestone: Railways share update on MumbaiAhmedabad Bullet Train project

The MumbaiAhmedabad Bullet Train project has completed all 14 portal beams over Vadodaras DelhiMumbai Rajdhani line. The 508-kilometre corridor is more than 80% complete in land and major structural progress, with its first operational stretch expected in 2027.

13 Oct 2026 9:48 am
8th pay commission: What is fitment factor? We calculate salary hike for multipliers of 1.83, 2, 2.57 and 3.83

The commission, chaired by former Supreme Court Justice Ranjana Prakash Desai, is reviewing proposed pay and pension changes. Possible fitment factors range from 1.83 to 3.83. The panels report is due by May 2027. 

13 Oct 2026 8:48 am
8th Pay Commission: 5 latest developments central government employees and pensioners should know

The 8th Pay Commission's latest updates include notices regarding visits to Mumbai, Bengaluru, Jaipur, and Chandigarh, as well as revised consultant engagement guidelines. Here are 5 key developments that central government employees and pensioners should know about. 

13 Oct 2026 8:00 am
DA, pay scale, salary, pension, increments Here's what can be expect from 8th CPC recommendations; full list

From dearness allowance (DA) to pay scale, salary structure and pension revision, increments and promotions Here's the full list of what employees and pensioners can be expect from the 8th CPC. 

13 Oct 2026 7:49 am
2 lakh credit card dues vs 5 lakh personal loan: Which debt should you repay first? Experts explain

Should you repay 2 lakh in credit card dues or a 5 lakh personal loan first? Experts explain why high-interest credit card debt usually takes priority, how minimum payments increase borrowing costs, and how to protect your credit score while repaying both debts. 

13 Oct 2026 7:12 am
Indian auto firms set up China bases as raw material costs and trade barriers mount

Companies like Ather Energy, Ceat, and Lumax Auto Technologies are establishing local offices, hiring Chinese executives, and setting up offshore units to optimize procurement costs, secure rare-earth inputs, and bypass mounting trade bottlenecks.

13 Oct 2026 6:35 am
EV owners alert! Insurance claims for repairs may cost more than for petrol, diesel cars here's how

Electric car insurance claims cost 14% more on average than comparable petrol and diesel car claims, with average costs rising further during monsoon conditions. Here's why.

12 Oct 2026 11:51 pm
Dharavi redevelopment: Adani starts work on 10,432 homes in Mumbai, with phased handovers planned until 2030

Adani has begun construction of 10,432 rehabilitation homes for eligible Dharavi residents on a 22-acre Matunga railway site in Mumbai. The project includes 10 high-rise towers, commercial units and community facilities, with completion planned in phases until 2030.

12 Oct 2026 11:25 pm
Piyush Goyal says India will become global car manufacturing hub, European firms to follow

India has offered quota-based tariff concessions on car imports from the United Kingdom and the European Union (EU) under its free trade agreements with the two regions.

12 Oct 2026 11:24 pm
Sold property but did not file ITR? ITAT gives taxpayer another chance to contest 90.09 lakh income tax penalty

A property seller facing a 90.09 lakh income tax penalty after failing to file an ITR has received another chance to appeal. The ITAT condoned the delay and ordered fresh consideration, but did not cancel the penalty or decide the tax dispute.

12 Oct 2026 11:17 pm
Will RBIs new measures to support rupee affect overseas investments? Experts explain

The rupee surged 93 paise after the RBI tightened forex rules to curb dollar speculation. Experts explain how the measures could affect returns on US stocks, international mutual funds and ETFs, and what Indian investors should know about currency risk and overseas investments.

12 Oct 2026 10:58 pm
Earning 50,000, 1 lakh or 2 lakh a month? Here's how much you could save in 10 years

A consistent monthly investment can help salaried individuals build wealth over 10 years. For those earning 50,000, 1 lakh or 2 lakh a month, the potential corpus depends on how much they invest, the returns they earn and how inflation affects the future purchasing power of their savings.

12 Oct 2026 10:53 pm
US PERM suspension: HCLTech sees limited impact on workforce and visa plans - How it affects Indians on H1-B visa

HCLTech expects little workforce impact from the US suspension of PERM applications, citing its limited recent use of the programme and increased recruitment of local talent. Analysts say the move is unlikely to significantly affect Indian IT firms, though it could complicate some H-1B extensions.

12 Oct 2026 10:43 pm
Buying gold this festive season? Check tax rules on cash purchases, PAN requirement and limit on holding gold at home

Festive gold buying is common in India, but cash purchases and tax compliance rules apply. Here's all you need to know before purchasing ornaments and jewellery this Dhanteras. 

12 Oct 2026 10:11 pm
When should you switch your financial advisor? 5 warning signs investors should watch for

A financial advisor should help investors meet their changing financial goals, not simply push new products. Here are five warning signs to watch for, from poor portfolio reviews and unclear recommendations to hidden costs and lack of transparency.

12 Oct 2026 9:24 pm
Banks seek clarity on RBI's new forex curbs, flag operational challenges

The measures, announced over the weekend, have raised questions about maintaining the Foreign Exchange Risk Reserve, recovering the associated costs from customers and calculating the notional value of transactions involving multiple options strategies.

12 Oct 2026 9:18 pm
Decades without a direct link, Aligarh and Mathura move closer to railway connectivity after Hema Malini's proposal

Indian Railways is advancing projects in Uttar Pradesh, including a proposed AligarhMathura rail link and track upgrades in Gonda district. Land acquisition and forest-clearance steps are underway for the MankapurTikri doubling and a new JhilahiTikri line.

12 Oct 2026 9:10 pm
Nominee vs legal heir: Who gets your bank fixed deposits, PPF and mutual funds if you die without a will?

A nominee helps banks and financial institutions settle investments after an account holders death. But what determines the final ownership of the assets? Full details here. 

12 Oct 2026 8:48 pm
India's steel industry bucks global slowdown as demand and output rise: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman urged steelmakers to cut emissions and boost domestic specialty steel production to reduce import dependence. She highlighted rising domestic demand, a 6,300 crore PLI scheme and public investment as key growth drivers.

12 Oct 2026 8:24 pm
Are you 30, 40 or 50? Here's how much retirement savings you may need at your age

Retirement planning must account for inflation and decades of expenses after regular income stops. With 7% annual inflation, someone spending 50,000 a month today could need a retirement corpus of 2.20 crore to 11.95 crore by age 60, depending on their current age and years until retirement.

12 Oct 2026 8:20 pm
Gold vs equity vs real estate: How much would 1 lakh invested 20 years ago be worth today? Gold leads the pack

FundsIndias October 2026 report compares 20-year returns across asset classes. 1 lakh invested in gold grew to 14.6 lakh, compared with 8 lakh in Indian equities, 4.3 lakh in debt and 4.2 lakh in real estate, highlighting golds stronger performance over the period.

12 Oct 2026 7:24 pm
Private banks inoperative Jan Dhan accounts rise led by HDFC Bank, Kotak Mahindra Bank

Inoperative PMJDY accounts at private banks rose to 8.95 million, even as their share of total accounts fell to 36%; public sector banks reported a smaller increase.

12 Oct 2026 7:23 pm
Paying rent to parents? HRA exemption rules, documents required and tax savings explained

The HRA provisions focus on whether the employee pays rent for accommodation actually occupied and whether the employee owns the property for which the exemption is claimed

12 Oct 2026 6:17 pm
UPI MDR: From 0.40% to 0.08% what IIT Bombay report has proposed and why it wants new fee structure, explained

The revised MDR fee framework for UPI transactions could burden consumers through higher retail prices, even as merchants are barred from directly passing on the charges, an IIT Bombay report has warned, calling for changes to the proposed model.

12 Oct 2026 5:57 pm
Want to build 1.5 lakh emergency fund? We calculate how much monthly savings you'll need

An emergency fund can help cover unexpected expenses without relying on loans. Here's how much you'll need to save to build 1.5 lakh corpus. Reassess your target regularly and build it gradually using accessible, low-risk options.

12 Oct 2026 5:10 pm
Undersea tunnels, homegrown tech, and a doubled budget: Indias 2-trillion bullet train finally gathers speed

From Surats soaring viaducts to an undersea tunnel near Mumbai, Indias 2-trillion bullet train is breaking ground. Shaking off delays and Japanese supply snags, a homegrown high-speed ecosystem is taking shape. Can this massive gamble finally outrun its price tag?

12 Oct 2026 5:00 pm