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Banks can take call on minimum balance, no RBI curbs: RBI Governor Sanjay Malhotra

”What kind of minimum balance required is left to the banks. Some of them have kept Rs 10,000, some Rs 2,000 and some have completely waived it off. This is not within the regulatory domain,” said Malhotra.

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New Income Tax Act to turbocharge growth, cut litigation: Panda

BJP leader Baijayant Panda, the chairman of the Parliamentary Select Committee that scrutinised the Income Tax Bill 2025, on Monday said, “This new Act will further turbocharge growth by making taxes easy to understand and easy to comply with, thus…

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Number of input tax credit fraud cases detected by GST officials doubles to 15,283 in 3 years

The number of input tax credit (ITC) fraud cases detected by Central GST formations in the last three years has more than doubled from 7,231 in 2022-23 involving an amount of Rs 24,140 crore to 15,283 cases in 2024-25 involving…

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Indian auto component makers see huge export potential in aftermarket: EY-Parthenon

Brazil, Indonesia, and Colombia, alongside emerging regions in Africa, offer strong growth prospects for Indian suppliers

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Indian stock market soars amid FII return, Sensex surges 746 points

The Indian equity market on Monday ended with around 1 per cent gains amid FII buying, bouncing back from the last trading session’s correction.

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Larsen & Toubro bags Rs 15,000 cr order from Adani Power to set up power units

Larsen & Toubro has secured an “ultra mega” order from Adani Power to establish eight thermal power units, totaling 6,400 MW. L&T Energy – CarbonLite Solutions will handle the complete design, engineering, manufacturing, supply, and commissioning of the Boiler-Turbine-Generator packages.…

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Which transactions can trigger notice from Income Tax Department? Know rules for large cash deposits and UPI transfers
Large UPI transfers do not automatically trigger income tax notices, but unexplained bank credits can attract scrutiny. From freelancers to individuals receiving money for others, here's when digital transactions may raise red flags and what records to keep.
Term insurance claim amount rejected after death: Which common mistakes can put your family's payout at risk? List here
Term insurance provides a death benefit to beneficiaries during a fixed policy term, helping families manage debts and future expenses. Here's why a claim can get rejected.
DA hike 2026: No festive relief yet for 1.2 crore employees and pensioners. When will Centre announce the 3% increase?
Central government employees and pensioners face a longer wait for the July 2026 DA hike. The expected 3% increase could raise DA to 63%, boosting salaries and pensions. Here's what the delay means for monthly payments and arrears.
NPS vs mutual funds: Need your retirement savings at 35? Check withdrawal rules, lock-in periods and tax benefits
NPS and retirement-focused mutual funds differ in withdrawal rules, lock-in periods and tax benefits. Investors planning a home purchase, career break or early retirement should understand how much of their savings they can access and when.
Is a two-year slump a reason to sell your mutual fund? How to assess underperformance
A fund’s recent underperformance alone is not a reason to sell. Compare it with its benchmark and peers across several time periods, and assess whether it still fits your portfolio and investment strategy.
Retirement planning: How much should you invest in stocks and mutual funds after 60? Here's what expert suggests
Retirement planning requires balancing equity exposure with income security. Freefincal's M. Pattabiraman suggests limiting equity to 30% for typical retirees while accounting for inflation, market volatility and long-term withdrawal needs.
Last date alert! Income tax audit deadline ends today: Who must file? What happens if you miss the due date?
Tax audit reports for AY 2026-27 are due October 21, 2026, while audited taxpayers’ income tax returns are due November 21. Here's all you need to know to ensure compliance. 
Mutual fund growth vs IDCW plans: Top 5 schemes’ returns compared, NAV differences — What investors should know
Growth and IDCW options handle mutual fund earnings differently, affecting payouts, units held, and NAV. Returns across three equity schemes show similarities, but NAV alone cannot determine which option performs better. 
Senior Citizen Savings Scheme: Have ₹30 lakh to invest? Check your quarterly interest, tax and maturity benefits
The Senior Citizen Savings Scheme offers 8.2% annual interest, allowing retirees to earn ₹61,500 every quarter on a ₹30 lakh investment. Here's how the scheme works, including eligibility, tax implications, maturity benefits and withdrawal rules.
Multi-million dollar deals to clean dirty linen in public: How celebrities make massive fortunes with their memoirs
Publishers pay heavily for celebrity memoirs, which attract readers with intimate accounts of public figures’ lives. Nobody seems interested in reading about someone's ‘happy childhood’.