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AC makers start pre-booking of units with reduced GST slab ahead of festive season

Air conditioner companies in India are offering pre-booking discounts. This is due to the Goods and Services Tax rate reduction. The new rate will be effective from September 22. Companies like Blue Star and Haier are already taking pre-orders. Customers…

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Godrej Enterprises regroups 14 businesses into three clusters, rules out IPO plans

Mumbai: The ₹19,000-crore Godrej Enterprises Group (GEG) has reorganised its 14 business verticals into three clusters—consumer-first, nation-first and future-first—aimed at driving scale, focus and agility, chairman Jamshyd Godrej said. The restructuring follows the formal division of the Godrej family business…

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Loan growth in India likely to pick up amid push from RBI and stabilising asset quality: Nomura

Nomura projects India’s loan growth to rise to 12% YoY by FY26, driven by stabilising asset quality, RBI policy easing, liquidity support, and tax relief. Stronger growth is expected in unsecured retail loans, about 10% of system credit. While asset…

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RBI mandates full KYC for payment aggregators; halts rent payments via credit cards

Most of the big fintech firms like Paytm, PhonePe, and others have halted their rent payment offerings via credit cards. Per industry insiders, payment firms will have to work closely with large merchants to understand if their processes are in…

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Indiabulls AMC, others settle AIF rules violations case with Sebi

Indiabulls Asset Management Company, now Groww AMC, along with its schemes and former officials, settled a case with Sebi for Rs 1.43 crore. The settlement resolves alleged violations of alternative investment fund rules dating back to 2017. Sebi had issued…

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Delhi HC upholds property tax on star hotels, dismisses pleas on arbitrariness

The Delhi High Court has validated the MCD’s decision to impose higher property taxes on three-star and above hotels, deeming the star-rating classification rational and non-arbitrary. The court emphasized that these hotels voluntarily benefit from premium services and clientele. It…

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  • How this doctor earning ₹1.51 crore annually amassed investments worth ₹11.32 crore

    Despite earning a modest salary during training, Chan has built an investment portfolio worth around $1.2 million across brokerage, savings and retirement accounts..

  • Gifted money to your wife and she invested it in FD, gold or shares? The income may still be taxable in your hands

    While transferring funds to a spouse may seem advantageous for tax savings, income could be subject to clubbing under Section 64, making it your taxable income. Details here.

  • Bought a flat but possession was delayed? Here's what Supreme Court ruled on Delhi homebuyer's case

    In a recent case, the Supreme Court ruled that homebuyers can claim compensation for delayed possession of their apartments, even after taking possession. Details here.

  • ITR filing 2026: Who pays a taxpayer's tax dues after death? Do they have to pay from their own pocket?

    After a taxpayer's death, their legal heirs or legal representative is responsible for filing ITR on their behalf. Legal heirs are not liable for a deceased taxpayer's tax dues beyond inherited asset value.

  • Missed declaring FD income last year? Here's how you can rectify it and what happens if you ignore it

    Fixed deposits offer safe, assured returns but are taxable under income tax laws. Taxpayers who missed declaring FD interest can file an updated return (ITR-U) within four years, allowing for corrections with varying additional tax penalties based on the filing time. Details here.

  • Power of compounding: Become crorepati with ₹12,500/month PPF contribution—Here's how you can build ₹6.75 crore corpus

    Investment planning should align with current finances, risk tolerance, and future goals. The Public Provident Fund (PPF) offers a safe, low-risk option for long-term savings, providing tax benefits and guaranteed returns, making it an ideal choice for wealth building.

  • AMFI seeks review of decade-old $7 billion overseas MF investment cap

    AMFI plans to again approach RBI, Sebi and the government to raise the decade-old overseas investment cap for mutual funds. The industry says a higher limit will give investors greater access to global markets.

  • Buy Nvidia at 2 am on a Sunday? How Indians can own tokenised US stocks and how they differ from traditional trading

    Nvidia's stock surged over 1,000% since the ChatGPT release, becoming the world's most valuable company. Investors are now eyeing other AI chipmakers like Micron and Sandisk, while tokenized stocks offer a new way to invest in these companies.

  • Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold?

    Bitcoin futures dropped to $58,995 on Thursday, over 50% below last year's peak, with predictions indicating a further decline to around $42,000-$44,000 by year-end. Profit booking across assets and rising AI investments contribute to selling pressure amid a strong U.S. Dollar Index.

  • Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained

    Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act. We explain the eligibility criteria, tax regime details and rules for taxpayers.

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