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Reliance Power to sell several Indonesian subsidiaries to Singapore-based Biotruster for USD 12 mn

Reliance Power announced on Monday it will sell its entire stake in several Indonesian step-down subsidiaries to Singapore-based Biotruster Pte Ltd for approximately USD 12 million. The deal involves five coal-related entities, with the amount to be received upon closure.…

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LIC Housing Finance accepts bids for 3-year bonds, bankers say

LIC Housing Finance accepted bids for its 7.77% 2028 bond reissue. The company successfully raised 11 billion rupees, equivalent to $123.95 million. This bond will offer investors a yield of 6.90%. Bids were accepted on Monday. This financial move reflects…

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EY Raises FY26 GDP Forecast to 6.7%, Credits GST 2.0 and Monetary Easing

EY India has raised its FY26 real GDP forecast to 6.7% from 6.5%, arguing that expected monetary easing combined with the consumption stimulus from GST 2.0’s simplified rate structure should lift disposable incomes and bolster demand across labour-intensive and consumer…

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Why Indian markets have been underperforming peers and why the outlook looks incrementally better

Indian equities lagged global markets over the past year. Weak earnings and high valuations caused this underperformance. Foreign investors also reduced holdings. Now, valuations are more reasonable. Government reforms and global shifts may attract new flows. A rebound is possible…

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How to Build an Emergency Fund on a Low Income

Life is full of uncertainties—unexpected medical bills, sudden job loss, or urgent home repairs can disrupt your financial stability in no time. An emergency fund acts as a safety net, giving you peace of mind and financial security when life…

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BL Agro signs MoU with MoFPI to build ₹1,660 crore agro-processing hub in Bareilly

BL Agro signs an agreement with the Ministry of Food Processing Industries. The company will establish an integrated agro-processing hub in Bareilly. This project involves a 1,660 crore rupee investment over five years. It will include a rice milling unit…

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  • Moved abroad, selling mutual funds to buy a house in India? Know the tax rules

    A non-resident Indian can claim Section 54F relief on long-term capital gains from selling mutual funds by investing the net sale proceeds in a residential house in India, subject to conditions.

  • Small-cap funds were the worst-performing equity category in October. Which funds held up and which lagged behind?

    Small-cap mutual funds were October's worst-performing equity category, falling 5.83%. Invesco Small Cap Fund limited losses to 2.98%, while Tata Small Cap Fund plunged 11.16%. Here are the best and worst-performing schemes and how other equity categories fared.

  • Bank interest not reported in ITR? ITAT ruling explains when taxpayers can escape income tax penalties

    ITAT Delhi deleted a ₹3.08 lakh penalty on a salaried taxpayer who omitted ₹4.49 lakh in bank interest from his ITR. The tribunal cited a bona fide omission and an improperly worded penalty notice under Section 270A.

  • Technology funds delivered 6.3% returns in October, while no other category crossed 1%: Here’re the top performing funds

    Technology mutual funds delivered an average 6.29% return in October 2026, while no other equity mutual fund category crossed 1%. HDFC Technology Fund led the 13 schemes with an 11.54% gain. Here are the top performers and their AUM.

  • Buying a car on Dhanteras, Diwali 2026? You could get at least ₹10,000 as tax refund next year — here's how

    Buyers of motor vehicles priced above ₹10 lakh pay 1% TCS, which can be claimed as a tax credit when filing an income tax return. Here's the entire process, other details.

  • Going abroad for a holiday? How to split your travel budget between cash, forex cards and credit cards to save money

    Going abroad for a holiday? How you split your travel budget between cash, forex cards and credit cards can affect your overall expenses. Know the ideal allocation, compare forex charges and avoid costly ATM withdrawals and currency conversion fees.

  • Mandaviya rolls out EPFO services through WhatsApp: Check PF balance, passbook and latest transactions on your phone

    Union Labour Minister Mansukh Mandaviya has launched WhatsApp services for EPFO members, allowing them to check their PF balance, access passbook details and view their latest five transactions. The facility will also offer assistance under the PMVBRY scheme.

  • E100-compatible cars in India: Will motor insurance premiums rise, and what happens to coverage and claim settlements?

    E100-compatible cars may not attract higher motor insurance premiums, but buyers should check policy exclusions, engine protection add-ons and fuel-related damage coverage. Here is what insurers say about premiums, coverage and claim settlements.

  • GST refund new rules from November 1: here's what changes for businesses

    The 57th GST Council approved phased process reforms starting November 1, 2026. Here's what changes for businesses in terms of receiving GST refunds. 

  • GST registration new rules from Nov 1: How small online sellers can expand across states — everything you need to know

    The new Rule 14B allows eligible sellers using e-commerce platforms to obtain GST registration in states where they have no physical presence by declaring an e-commerce operator's warehouse as their principal place of business. 

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