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How Jaggis misled investors and lenders while being cleantech poster boys for BluSmart

BluSmart, once celebrated as India’s first all-electric ride-hailing service, faces a crisis as promoters Anmol and Puneet Singh Jaggi are accused by SEBI of fund diversion from Gensol. This revelation has shaken investor confidence, leading to leadership exits and a…

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Samsung finishes PLI marathon first. Prize money: ₹1,000 cr

Samsung is poised to be the first to complete the smartphone PLI scheme’s five-year tenure, potentially securing over ₹1,000 crore in incentives by achieving its ₹25,000 crore production target. The company has initiated the claims filing process, having met targets…

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Trump hints at ending tit-for-tat China tariffs that rattled markets

U.S. President Donald Trump indicated a possible easing of tariff tensions with China, suggesting he may not raise tariffs further to avoid discouraging consumer spending. While he previously imposed 10% tariffs and later increased rates on Chinese imports (totaling 145%),…

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Credifin raises USD 25 mn through mix of equity, debt

Credifin, a Jalandhar-based NBFC, has secured USD 24.9 million through equity and debt to fuel its expansion in MSME mortgage loans and E-vehicle financing. The funding, comprising 6.7% equity and 93.3% debt, comes from existing and new lenders like Northern…

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India to face global disruptions with policy agility: Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman stated India will prioritize policy agility amidst the escalating trade war between major economies, aiming to lessen the adverse effects on supply chains caused by rising protectionism. She highlighted India’s confidence in navigating global disruptions through…

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LIC Housing Finance appoints Lokesh Mundhra as CFO

Mundhra , a Chartered Accountant, has served under various roles at LIC of India for last 32 years. He has worked in various departments including finance & accounts, personnel, legal, estates, with last six years in the investment department.

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News

  • How to earn ₹20,000 per month using SCSS while getting tax benefits? Explained

    SCSS is a government-backed small savings scheme designed for senior citizens to keep their finances steady after retirement. SCSS gives Indians over the age of 60 to have a secure and safe investment avenue.

  • Explained: Can you open more than one PPF account? Here's what government rules say

    Individuals can invest a minimum of ₹500 and a maximum of ₹1.5 lakh per year for 15 years in their PPF accounts. This amount is locked in for 15 years, after which you can get your investment back with interests without having to pay any tax.

  • UPI to withdraw PF? EPFO working on new app to make money transfer easy for you, reports claim — How it will work

    The labour ministry is working on a project under which a certain amount of PF money will be frozen, and members will be able to see a large chunk of their provident fund available for withdrawal through their bank using UPI.

  • ₹5 lakh DICGC bank deposit insurance: Is it enough or should the govt increase it?

    DICGC insurance covers 97.6% of the total bank accounts, but only 41.5% of the value (amount) of deposits. The cover was last increased from ₹1 lakh to ₹5 lakh in 2020. In 2025, a proposal to increase it was considered.

  • New income-tax rules may revive interest in old regime for high-income salaried taxpayers

    The recent proposals in the Income Tax Rules enhance education and college hostel allowances and reclassify cities for HRA purposes. These changes may entice salaried individuals to reconsider the old tax regime, especially in high-rent urban areas. 

  • Indian market is 18 months ahead of its fair value: DSP Mutual Fund's Kalpen Parekh

    Despite consolidating over the past year, the market remains expensive and investors should therefore moderate their return expectations, Parekh told Mint in an interview.

  • Beyond the comfort of groups: Why individual health insurance still matters

    Group and affinity health insurance expand coverage, but their short-term nature, hidden risks and lack of continuity make them an unreliable substitute for individual health policies.

  • US 2025 tax returns: What is the deadline to file taxes? What happens if you miss it during the 2026 tax filing season?

    As the 2026 tax filing season comes, it is important to know the deadline for filing 2025 tax returns. Taxpayers who delay filing their taxes often have to face penalties, late fees and other issues.

  • Bond yields are rising. How should you reposition your debt fund portfolio?

    With bond yields firming up, fund managers say debt fund investors need to strike a careful balance in their portfolios to guard against further upside risks. Here’s how they are positioning debt strategies in the current environment.

  • How to ensure your retirement corpus does not run out early

    With proper planning, a little bit of caution and effort, you can have a smooth retirement. 

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