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US stocks rise as markets cheer easing of Greenland tensions

Stocks mostly steadied Wednesday as markets digested shifting comments from US President Donald Trump that dialed down tensions with Europe over Greenland. After Tuesday’s equity market weakness following Trump’s tariff threats against Europe over Greenland, US stocks opened the day…

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Trump backs down on Greenland and cancels tariff threat after NATO agrees to future Arctic deal

President Donald Trump has withdrawn threatened tariffs on eight European nations. This move follows his insistence on acquiring Greenland. Trump announced a framework for future Arctic security deals. Discussions are ongoing regarding a missile defense program. This development potentially eases…

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Rs 19,000 crore FII selloff: Banks, IT, FMCG worst hit. Metals only bright spot

Foreign institutional investors have divested Rs 19,015 crore from Indian equities in early 2026, heavily impacting banks, IT, and FMCG sectors. Metals, however, emerged as a bright spot, attracting significant foreign inflows. Despite the sell-off, domestic brokerages see opportunities in…

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CBDT must strengthen internal mechanisms to ensure one consistent view, says former chairperson, Anita Kapur

India’s tax regime needs consistent application of current laws to reduce disputes. Former CBDT Chairperson Anita Kapur suggests strengthening internal mechanisms for uniform interpretation. She advocates for stability over frequent changes in tax rates and exemptions. Budget 2026 should focus…

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Budget 2026: Industry leaders call for stability, fiscal discipline and targeted incentives

The Budget must now shift focus from headline reforms to execution certainty—anchored in stable tax policy, predictable regulations and targeted incentives to revive private investment and job creation, said former policymakers and corporate leaders at the fifth edition of ETCFO…

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Deepinder Goyal resigns as Eternal Group CEO; Albinder Dhindsa to succeed

Deepinder Goyal resigned as the Group Chief Executive Officer of Eternal, the company announced on Wednesday. According to an Eternal regulatory filing, Albinder Dhindsa will take over as the new Group CEO, while Goyal will transition to the role of…

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  • EPFO: Submitted a claim? Here's what the status message means and timeline for settlement process

    Employees' Provident Fund Organisation: Today we look at how much time EPF claims take to be settled, what the status message means, and what subscribers can do to rectify any delays and complete the process.

  • A financial master sheet won't make you richer—but it could save your family from economic chaos

    A financial master sheet is a single document that records the family's financial and administrative details, showing what assets exist, where they are held, and where supporting documents are stored.

  • Why large-cap funds are losing their alpha edge post-2010: Key factors behind decline and what investors should do

    Large-cap funds have seen their alpha generation decline over the years compared with the Nifty 50 TRI. While funds outperformed strongly during 2000-2009, the advantage narrowed in the following decade and turned negative after 2020.

  • Not reporting bank interest or LTCG in your ITR? Avoid these 2 common tax filing mistakes

    Many taxpayers mistakenly assume that TDS-deducted income or tax-exempt LTCG need not be disclosed in their ITR. Such omissions can create mismatches with AIS and Form 26AS, leading to tax notices or adjustments even when no additional tax is payable.

  • Pay commission: Maharashtra approves incentive allowance at 30% of basic pay for Anti-Narcotics Task Force personnel

    The Maharashtra government has approved incentive allowance equivalent to 30% of basic pay for police officers and personnel in the Anti-Narcotics Task Force (ANTF) under the 7th central pay commission. 

  • ITR deadline 2026: Govt says portal can handle 1 cr returns daily; experts explain why you shouldn't wait until July 31

    The government says the income tax e-filing portal can process up to 1 crore ITRs a day, but experts say taxpayers should not mistake higher capacity for a risk-free last-day filing experience. Here's why they don't expect an extension yet, and why waiting until July 31 could still be costly.

  • Active large-cap funds closely mirror Nifty 50 index: New study finds 90% overlap in sectoral allocation

    Active large-cap funds may not provide as much diversification as many investors expect. A study shows their sector allocations and stock portfolios closely mirror the Nifty 50, with the overlap becoming even higher among the largest funds. 

  • ITR deadline tomorrow: What to select in the ‘reason for filing ITR’ field in your tax return form — Check here

    The income tax return filing season is nearing its end, with over 5 crore returns submitted. A significant question on the ITR form is causing confusion. Here's how to respond to it.

  • DA hike: West Bengal govt employees to get 20% dearness allowance increase, October salaries before Durga Puja, says CM

    DA hike: West Bengal state government employees will receive their 20% dearness allowance increase and salaries for October before Durga Puja festivities, according to Chief Minister Suvendu Adhikari. 

  • This EPFO error is silently hurting job prospects and hiring chances for several subscribers. Here's how

    EPF subscribers are facing issues with overlapping employment records and missing data on the EPFO portal after its recent system migration. Lawyers explain whether employers can reject your job application solely due to EPFO portal error.

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