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Sebi drops case against Max Financial, Max Life, Axis entities in Rs 3,911 cr case

Sebi has closed proceedings against Max Financial and Axis entities concerning alleged shareholder losses. The regulator found no evidence of disclosure lapses or a fraudulent scheme. Transactions between Max and Axis entities from 2009 to 2022 were examined. Allegations of…

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India targets $55 trillion economy by2047 through AI, manufacturing, FDI and sunrise sectors

India aims for a $55 trillion economy by 2047. This ambitious goal relies on leveraging its young demographic in artificial intelligence. Strategic capital deployment and sustained growth will unlock value across core sectors. Attracting foreign investment and expanding manufacturing are…

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Stock-investment scams, transnational financial frauds among key unlawful contents rising: Agencies alert

During the period from March 2026 to July 2026, official data mentions that nearly 2.98 lakh URLs were sent to social media platforms for takedown, out of which 2.44 lakh were sent by states (which is nearly 82 per cent).…

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Exports key for mobile brands to maximize Mobile Phone Manufacturing Scheme incentives: Kotak

Exports are likely to be the key driver for mobile phone brands seeking to consistently beat the growth benchmark and maximise incentives under the newly notified Mobile Phone Manufacturing Scheme (MPMS), according to a report by Kotak Institutional Equities.

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Rs 464.8 crore sent abroad, but where were the firms? Hyderabad probe raises red flags

In a significant crackdown, the Hyderabad police are probing alleged illegal foreign remittances surpassing Rs 464 crore. These transactions were reportedly made through two deceptive shell companies. A chartered accountant has been accused of providing certificates without proper verification of…

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Banks told to have stricter norms for eligibility of forensic auditors

Banks are tightening their forensic auditor empanelment framework. This action follows Enforcement Directorate observations against two audit firms. Two audit firms have been de-empanelled from the Agencies for Specialised Monitoring list. Lenders will review the framework for empanelling audit firms…

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7 aggressive hybrid funds delivered 12%+ 5-year SIP returns; Bank of India led with 16.5%
Seven aggressive hybrid funds delivered 12% or more in five-year SIP returns, led by Bank of India Aggressive Hybrid Fund at 16.50%. However, performance varied widely among the category’s largest schemes, with HDFC Aggressive Hybrid Fund returning 5.99% and ICICI Prudential delivering 12.26%.
Gold and silver price today, Sept 28: Check retail rates of 24K, 22K gold and 999 silver in Mumbai, Delhi, other cities
Gold and silver prices in India witnessed a sharp drop during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.
₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts
The Chennai ITAT deleted an ₹85.30 lakh tax addition on cash gifts after the taxpayer produced gift deeds, ITRs and financial statements, while all five donors confirmed the gifts. The tribunal said the initial burden under Section 68 was discharged.
Customers may not be able to use UPI at mobile stores on October 2; why retailers are protesting
Mobile retailers  have called for a 'No UPI Day' protest on October 2, during which customers may not be able to use UPI for making payments at mobile shops. Here's why the protest is happening and what are their demands.
Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits
An 89-year-old retired principal said ₹20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only ₹2,251 left as surplus. The ITAT has sent the case back to the tax officer to verify the records and determine who actually owned the money.
Tax audit due date remains Sept 30: No extension yet — Here's how much penalty you could face for late filing
The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing. 
3-day bank strike deferred: What happened during union body meet? Will SBI, HDFC Bank now remain open 5 days a week?
The nationwide bank strike scheduled for 28-30 September has been deferred following an agreement between the IBA and the UFBU. The decision offers temporary relief to bank customers, including those of SBI and HDFC Bank, while discussions will focus on a five-day banking week and unresolved issues.
3-day bank strike deferred after bank union body meet: Will SBI, HDFC Bank remain open on Monday, 28 September?
The proposed three-day bank strike from September 28 to 30 has been deferred after the IBA and UFBU reached an understanding. SBI and other public sector bank branches are expected to operate normally on Monday, while private banks such as HDFC Bank will remain open.
Manufacturing mutual funds: Top scheme delivered over 23% in 1 year—did this stellar return come with higher risk?
Manufacturing mutual funds have outperformed their benchmark over the past year, with the top schemes delivering strong returns. But higher returns do not tell the full story. How much volatility did investors take on and did the additional returns come with higher risk?
Your gold or silver ETF holds physical bullion: Here's what SEBI's new vault rules mean for investors
SEBI has approved changes to its vault manager rules, bringing physical bullion underlying gold and silver ETFs under a common framework. The move strengthens requirements around how this bullion is stored, secured, segregated and accounted for.