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IIFL shares plunge 18% after tax notice despite 11X YoY growth in Q3 PAT

Shares of IIFL Finance fell sharply on Thursday despite posting an 11X jump in Q3 profit to Rs 464 crore. The sharp fall came amid heavy volumes and reports of three GST orders worth Rs 13.2 crore. Strong AUM growth,…

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Gold, silver futures fall as investors book profits on higher level

Gold and silver prices saw a decline in futures trade on Thursday. Traders booked profits at higher levels. This happened as the US dollar strengthened and geopolitical tensions eased. Earlier, both metals had touched record highs. The easing of trade…

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Nearly 60% of Indian businesses confident in scaling AI responsibly, have mature frameworks: Nasscom report

Responsible Artificial Intelligence (AI) is rapidly becoming a business imperative for Indian enterprises, moving beyond ethical intent to a strategic priority linked with trust, governance, and long-term value creation, according to Nasscom’s State of Responsible AI in India 2025 report.

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Mafatlal Industries comfortable with current debt, will use leverage strategically for next growth phase: CFO Smita Jhanwar

External debt cut to under Rs 60 crore; company aims to fund expansion across uniforms, digital infrastructure and consumer durables.

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Deepinder Goyal to surrender Esops worth Rs 900-1,000 crore upon resigning as Eternal CEO

Later during the company’s quarterly analysts call, Eternal CFO Akshant Goyal said that the exercise will result in around 3.3 crore shares being added to the Esop pool, which currently has around 20 crore shares.

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Silver ETF prices crash 20%. Who pulled the plug on multibagger rally?

Indian silver ETFs tumbled up to 20% on Thursday, erasing high premiums as prices corrected sharply. The retreat from record highs came as the dollar strengthened and risk appetite improved globally, reducing demand for safe-haven assets. The slump was far…

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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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