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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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  • Equity LTCG tax relief buzz: SBI wants level playing field for bank deposits; key points for FD, savings account holders

    Amid the growing debate over LTCG tax relief on equities, SBI Research suggested a level playing field between equity investments and bank deposits. It has proposed tax relief on savings account interest to make bank deposits more attractive to savers.

  • 8th Pay Commission completes 66% of timeline — Employees await recommendations, fitment factor and revised pay structure

    One year since being commissioned, the 8th Pay Commission has completed 66% of its tenure timeline. Its ToR indicates employees and pensioners can await final recommendations, fitment factor and revised pay structure. 

  • Festive shopping on EMIs? Beware the debt trap of stacking them

    Festive deals and small monthly payments make big-ticket purchases easier, but stacking EMIs can strain cash flows, erode savings and hurt future borrowing prospects.

  • Gold, silver prices today, 4 Nov: Check 24K, 22K gold, 999 silver rates in Delhi, Mumbai, Kolkata ahead of Dhanteras

    Gold and silver prices declined in India on 4 November, ahead of Dhanteras and Diwali 2026. Check the latest retail rates of 24K, 22K gold and 999 fine silver across major cities, along with domestic and international market trends.

  • Diwali gift for these railway employees: 30-day non-productivity-linked bonus approved; know eligibility, calculation

    The Ministry of Railways has approved a 30-day non-productivity-linked bonus for FY 2025-26. Here are the eligibility conditions, the calculation formula, the ₹7,000 monthly calculation ceiling and the special provisions for employees across different service categories.

  • DA arrears case: Punjab HC issues contempt notice to chief secretary, orders compliance affidavit in 10 days—Top updates

    The Punjab HC issued a contempt notice to the state Chief Secretary and directed the Chief Secretary to file a compliance affidavit within 10 days regarding the non-compliance with the High Court's earlier order. The next hearing is on 17 November.

  • PFRDA revises MSF naming rules, clarifies how PoPs must display pension fund schemes: Key NPS changes from 1 December

    PFRDA has revised NPS scheme naming rules, removing category codes from MSF scheme names while requiring separate risk-category disclosures. It has also clarified how PoPs must display pension fund schemes during subscriber onboarding. 

  • ₹8.66 crore cash trail found on woman's computer during Income Tax raid: Why ITAT gave her a clean chit

    An Income Tax search uncovered ₹8.66 crore in cash transactions on a woman's computer, triggering a massive tax demand. But ITAT ruled that the expenditure belonged to a real estate company, not the woman, and deleted the tax addition.

  • How to check gold purity at home: 5 simple tests to identify genuine gold jewellery; check BIS hallmark and HUID

    Many consumers may not know how to distinguish genuine gold from jewellery containing a higher proportion of other metals. While professional laboratory testing remains the most reliable way to establish gold purity, certain simple checks at home can help identify possible irregularities

  • PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now?

    PNB and Canara Bank have revised their fixed deposit interest rates from November 1 and 2, 2026, respectively. The changes affect select tenures and returns for general customers and senior citizens, while Axis Bank has also revised rates on bulk deposits of ₹3 crore and above from November 3.

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