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Direct tax collections gain 12.96% to Rs 12.12 lakh crore; advance tax up 16.18%

Net direct tax collections rose 12.96 per cent year-on-year to Rs 12.12 lakh crore as of September 17 in the financial year 2026-27, while advance tax collections grew 16.18 per cent to Rs 5.22 lakh crore, according to data released…

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Moody's raises India FY27 growth forecast to 7%, flags energy and fiscal risks

Moody’s Ratings has raised its forecast for India’s real GDP growth in fiscal 2026-27 to 7 per cent from 6 per cent, citing the economy’s resilience to the global shock from the Middle East conflict, while cautioning that higher energy…

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Rising oil, borrowing costs fuel stagflation fears for global economy

Middle East conflict-driven energy price spikes and rising global borrowing costs are reviving inflation risks while threatening economic growth. Brent crude remains above $100, government bond yields have surged, and households face higher fuel, energy and mortgage costs. Despite resilient…

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Samsonite South Asia elevates Anushree Tainwala to chief business officer & executive director for India & the Middle East

Samsonite South Asia has promoted Anushree Tainwala to Chief Business Officer & Executive Director, expanding her leadership to India, South Asia, and 28 Middle Eastern markets. In her expanded role, Tainwala will drive brand strategy, product innovation, marketing, e-commerce, and…

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dtcpay Welcomes SBI Group as Strategic Investor, Extending Series A to US$25M

Singapore, dtcpay, a Major Payment Institution headquartered in Singapore, today announced the completion of its US$25 million Series A funding round. The round was led by Vertex Ventures Southeast Asia & India in April 2026. It is now further anchored…

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NaBFID sanctions ₹3,000 crore-plus loans to at least four data centres as AI capex accelerates

The lender expects strong demand from hyperscalers and cloud service providers as India expands computing capacity for artificial intelligence and cloud applications.

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  • New UPI MDR rules from October 15: What changes for fuel, railway tickets and 3 other key services? Explained

    From October 15, UPI payments over ₹2,000 for fuel, railway tickets, and other services will incur a flat MDR of ₹5, as announced by NPCI. Meanwhile, for P2M transactions above ₹2,000 outside the specified categories, NPCI has introduced a 0.4% MDR.

  • Investing via RBI Retail Direct platform: Who will pay UPI MDR from 15 October? Experts weigh in

    When you invest in government securities through RBI Retail Direct using UPI, who will bear the payment-processing cost? With MDR rules for capital market transactions changing from 15 October, here’s what investors need to know about the charges involved.

  • Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck

    Refunds may not be issued if bank details are incorrect or if the PAN is inoperative. Taxpayers should monitor their e-filing accounts for discrepancies and may need to correct details for a refund reissue request.

  • Large-cap or aggressive hybrid? The mutual fund category that leads in returns may surprise you

    Large-cap funds predominantly invest in large-cap stocks, while aggressive hybrid funds combine equity with debt. A comparison of their 1-, 5- and 10-year returns, along with risk-adjusted performance, reveals how the two mutual fund categories have fared over time.

  • Your bank account isn’t necessarily frozen just because your KYC is overdue | here’s what can actually happen

    Missing a KYC update deadline doesn't mean immediate account freezing. RBI rules require banks to send reminders before action. 

  • Getting a consumer durable loan? Don't let hidden processing fees and ‘no-cost’ EMI catch you off guard

    Consumer durable financing can provide formal credit to new-to-credit borrowers who may otherwise find it difficult to obtain a loan. But convenience comes with potential drawbacks.

  • Expectation vs reality: Why you should not assume 20%+ equity returns—what Nifty 500 historical data reveals

    Nifty 500 data shows 10%-20% was the most common three-year return range since 2005. With the latest three-year CAGR at 12.9%, an expert suggests investors should distinguish between exceptional bull-market gains and more typical returns when planning financial goals.

  • Mid-cap mutual funds: Sharp falls of over 20% can happen once every 4.2 years — what 21 years of benchmark data shows

    While investing in mid-cap funds, are you worried about poor returns? However, avoiding declines can create another challenge if you miss the subsequent recovery. A 21-year analysis of the Nifty Midcap 150 highlights this trade-off.

  • NRI woman gets relief as ITAT cuts income tax penalty from 200% to 50%: Know why

    ITAT Mumbai cut an NRI's tax penalty from 200% to 50% after she omitted ₹14.46 lakh in interest income from her ITR. The tribunal held mere omission isn't automatic misreporting, citing her overseas residence, reliance on an accountant, and voluntary tax payment once notified.

  • Apple Pay to come to India soon with Axis Bank? How will it work for iPhone users? Here's what we know

    Apple is reportedly all set to launch Apple Pay in India next month with Axis Bank's credit cards. It is said that the company is also in talks with HDFC Bank and ICICI Bank.

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