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Reliance Consumer Products signs Rs 40,000 cr MoU with Centre for food mfg facilities pan India

Reliance Consumer Products Limited has signed a significant agreement. The company will invest Rs 40,000 crore. This investment aims to establish integrated food manufacturing facilities across India. The MoU was signed at the World Food India 2025 event. RCPL will…

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CBDT extends tax audit report deadline to October 31 for AY 2025–26

CBDT on Thursday extended the deadline for filing audit reports under the Income-tax Act, 1961, by a month to October 31, 2025, citing disruptions from floods and natural calamities, following multiple representations from professional and industry bodies.

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Investor funds diverted, accounts faked: SEBI imposes 5-year ban on Seacoast Shipping

The Securities and Exchange Board of India (SEBI) has barred Seacoast Shipping Services Limited (SSSL) and its key officials from raising funds from investors for five years, after finding the company guilty of diverting rights issue proceeds, fabricating accounts, and…

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IPO rush in India’s pharma sector: Sector eyes Rs 12,000 crore fundraising; 15 companies ready to enter market

India’s pharmaceutical and healthcare industry anticipates a significant fundraising surge, projecting Rs 12,000-13,000 crore through IPOs in the coming months. Approximately 15 firms, including Indira IVF and Sahajanand Medical Technologies, are preparing to enter the primary market. Investor interest is…

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Defence Ministry, HAL ink Rs 62,370 crore deal for 97 LCA Mk1A jets, deliveries to begin in 2027

The Ministry of Defence has contracted with HAL for 97 LCA Mk1A aircraft, comprising 68 fighter variants and 29 twin-seaters, valued at Rs 62,370 crore. These advanced aircraft will feature indigenous technologies like the UTTAM AESA radar and Swayam Raksha…

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SIDBI launches Development of Industry Associations to strengthen MSMEs

SIDBI launched the Development of Industry Associations (DIA) scheme to foster cluster development, as announced at the National Conclave in New Delhi. Secretary DFS, M Nagaraju, emphasized the need for Indian clusters to evolve into innovation epicentres. CMD Manoj Mittal…

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Gold, silver prices today, 19 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices today, 19 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
What is a ‘boss scam’? 5 ways to protect yourself from CEO fraud
A Chennai firm allegedly lost ₹1.90 crore after a WhatsApp message posing as its managing director, leading to a Delhi arrest. Here’s how the ‘boss scam’ works, the warning signs of CEO impersonation fraud, and five steps to verify payment requests and report cyber fraud on helpline 1930.
8th Pay Commission: What is dearness relief and how is it different from DA? Expert explains
As the 8th Pay Commission meets in Mumbai on 22-23 October, here’s how dearness allowance (DA) differs from dearness relief (DR), what unions are demanding, and what central government employees and pensioners can realistically expect before the final report due by May-June 2027.
Got refund for online shopping after cancelling order but your credit card bill still shows due amount? Should you pay?
Credit card refunds usually return to the card account, reducing the balance or restoring available credit, and may take 5–14 days to appear. Here's what to do if your billing date is near but the refund has not been credited yet.
How should you withdraw money after early retirement? Expert explains the 3-bucket strategy for your FIRE corpus
The three-bucket strategy can help people achieving financial independence and early retirement (FIRE) manage expenses and market volatility. It divides investments into liquid savings for immediate needs, a balanced portfolio for medium-term expenses and equity for long-term growth.
₹3,000 pension won't block parents' medical reimbursement for Haryana govt employees, High Court rules
The Punjab and Haryana High Court has ruled that Haryana government employees cannot be denied medical reimbursement for dependent parents solely because they receive a ₹3,000 monthly old-age pension, directing authorities to release admissible claims within two months.
NRI's ₹3.41 crore FCNR deposits flagged as unexplained money after tax officer mistook yen for rupees, ITAT gives relief
An NRI won relief from a ₹3.41 crore income tax addition after ITAT Jaipur found that the assessing officer had mistaken Japanese yen figures for rupees. Bank records established the source of her FCNR deposits, prompting deletion of the addition.
Want to retire early? How to split ₹1 lakh in monthly investments between short-term goals and FIRE, expert explains
Early retirement requires balancing short-term financial goals with long-term wealth creation. Expert explains how to allocate ₹70,000 or ₹1 lakh in monthly investments towards FIRE, account for inflation and choose an appropriate equity-debt mix to build a retirement corpus.
FD maturity mistake: Fixed deposit matured but you forgot to withdraw money? What happens to your amount? Renew or not?
When a fixed deposit matures, its payout depends on the depositor’s instructions and the bank’s rules. Here are your options and whether you should renew or not.
Best-performing SIFs: Quant leads hybrid long-short funds with 25.5% returns in 6 months; check how peers performed
Quant Mutual Fund’s QSIF Hybrid Long-Short Fund returned 25.5% in six months, ahead of Aditya Birla Sun Life Mutual Fund’s Apex at 6.78%. QSIF also led over three months and since inception.