The Economic Times

Student gets Rs 18.34 lakh stipend from university for PG studies and pays no tax; Tax dept sent notice; She wins case in ITAT Delhi; Know how did she win and what is the income tax treatment of scholarship.

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small savings schemes. Future adjustments in fixed deposit rates will largely hinge on ongoing inflation trends and RBI policies.

ET Wealth Reader's Query: I am 48, planning to fund my sons MBBS degree at a private medical college. The fee is about Rs 21 lakh a year for five years. I am in the 30% tax bracket and have sufficient savings, with 90% of my mutual fund portfolio in equity. Should I redeem my investments to pay the fees or take an education loan? If I opt for loan, what repayment tenure would offer the maximum financialbenefit?

Five midcap stocks witnessed the highest net buying by mutual funds in August, according to Motilal Oswal Financial Services. Cochin Shipyard led the list, followed by Patanjali Foods, ICICI Prudential AMC, Billionbrains Garage Ventures and One97 Communications.

Seven equity mutual funds had assets under management (AUM) exceeding Rs 80,000 crore as of August 30, 2026, with the top four crossing Rs 1 lakh crore each. Parag Parikh Flexi Cap Fund led the list with an AUM of Rs 1.47 lakh crore, followed by three HDFC Mutual Fund schemes.

The NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with all her tax-related compliance; hence, she was not made aware of the notices issued. Moreover, after becoming aware of her mistake, the lady even paid the tax liability with appropriate interest. Read on to know how ITAT ruled in her favour.

ACME Solar shares rose sharply after HSBC raised its target price by 15% to Rs 450 and retained its Buy rating. The brokerage sees signs of a recovery in renewable energy auctions, supported by rising power demand and growing adoption of battery storage and firm, dispatchable renewable energy projects.

Over the past decade, 20 midcap mutual funds delivered multibagger returns, with the top 10 gaining at least 350%. Invesco India Mid Cap Fund led with a 426% return, turning a Rs 1 lakh investment into Rs 5.26 lakh, followed by Edelweiss Mid Cap Fund and Nippon India Growth Mid Cap Fund.

Gold price today: Today, Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers reported a decline in gold prices, while Tanishq surprisingly increased its 22k gold rates across various cities. The India Bullion and Jewellers Association observed a broader trend of decreasing prices for gold and silver. These adjustments are reflective of the current market dynamics as of September 15, 2026, leading to varying consumer experiences from popular jewelry retailers.

Mutual funds increased their sectoral allocation in August, with Insurance, Healthcare, Capital Goods, Metals, E-Commerce, NBFCNon-Lending, PSU Banks, Retail and Real Estate gaining portfolio weight.

Bank of India Small Cap Fund delivered the highest CAGR of 25.21% over seven years among equity funds, excluding sectoral and thematic schemes, according to ETMutualFunds analysis. The fund outperformed peers with seven-year returns ranging from 9.14% to 22.97%. Launched in December 2018, the scheme has also received four-star ratings from both Value Research and Morningstar.

Employer has no obligation to accept notice period buyout; what can employees do? Check what the new labour code says.

Bank holdiay today? Many bank customers may be wondering whether bank branches will continue to be closed today (Tuesday, September 15, 2026). Banks remain closed in some states due to local festivals and observances, while they may stay open in other states.

Bharat Pensioner Samaj has urged for the introduction of provisional family pensions for grieving spouses. This measure aims to alleviate financial strain during the often lengthy process of securing regular pensions. While the current policy permits the issuance of family pensions within a month, the reality of mourning times and paperwork delays often extends this timeline.

The Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing banks to implement temporary debit holds on questionable transactions for up to sixty days.

Sister-in-law purchased 26 bighas of land in Najafgarh in 1985 and gave GPA to brother-in-law who in turn sold this land for Rs 6.95 crore in 2011; sister-in-law dies in 2012 without a Will; Delhi HC orders brother-in-law to pay Rs 2.27 crore to sister-in-laws daughters.

Around nine equity mutual funds delivered over 20% returns in the last five years, led by infrastructure and smallcap schemes. ICICI Prudential Infrastructure Fund topped the list with 22.21% returns, followed by LIC MF Infrastructure Fund and DSP India T.I.G.E.R Fund.

Parag Parikh Flexi Cap Fund and HDFC Flexi Cap Fund feature among the top seven flexi cap schemes based on rolling returns, consistency, downside risk, outperformance and asset size.

On September 14, 2026, the gold market in India displayed varied trends among jewelers. Tanishq reported a modest dip in 22k gold prices, while competitors like Malabar Gold & Diamonds, Joyalukkas, and Kalyan Jewellers observed an uptick in their rates. Consumers can find the updated prices on their respective websites.

Seven equity mutual funds delivered over 20% returns in the last one year, led by TRUSTMF Small Cap Fund with a 32.28% gain. Five smallcap funds featured among the top performers, while 102 of nearly 292 funds posted negative returns.

Homeowner facing water leakage from roof issue wins relief in Telangana RERA as tribunal said builder is liable to fix it since its reported within 5 years. K. Srinivasa Rao, and Laxmi Narayana Jannu, Honble Members of Telangana RERA in Hyderabad heard this case.