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Govt companies request RBI to extend concessional forex swap by three months

Public sector firms want the RBI’s forex swap facility extended by three months. This facility helps government companies hedge dollar costs for external borrowing.

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Rupee's RBI-spurred rally faces twin headwinds of oil volatility, Fed uncertainty

The Indian rupee’s recent recovery may falter due to volatile crude oil prices. Lingering Federal Reserve rate concerns also temper the positive momentum for the currency. The Reserve Bank of India’s intervention is expected to continue supporting the rupee. Oil…

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Indian markets open sharply higher on positive global cues; Sensex up 650 points, Nifty above 175 points

Indian benchmark equity indices opened sharply higher on Wednesday, tracking positive global cues as investors reacted to easing crude oil prices, firm Asian markets, and the implementation of new U.S. tariff measures that were largely in line with market expectations.

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ITC fraud detection under GST hits Rs 74,782 crore as cases nearly double; experts say ‘prevention must now outpace detection’

Fake GST registrations using forged PAN and Aadhaar fall sharply, but experts flag a shift towards more sophisticated fraud networks generating larger fraudulent credits.

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Canara Bank to frontload ECL provisioning, plans ₹8,000 cr capital raise

Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an ₹8,000 crore capital…

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India's IPO market to stay resilient with over 70 firms awaiting SEBI clearance: Report

India’s IPO activity has continued to stay resilient with 175 companies currently holding valid SEBI observations for their draft IPO papers and another 70 firms awaiting regulatory clearance, as per a report by Equirus.

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How hybrid long-short SIFs differ in their strategies
Hybrid long-short SIFs differ in how they balance equity, debt and short positions.
Forgot to file ITR but employer had deducted TDS: When can income-tax penalty still apply? ITAT explains
The Mumbai ITAT deleted a ₹3.95 lakh penalty imposed on a ship captain who had failed to file his ITR on time. The taxpayer later filed his return in response to a reassessment notice, but the income declared was accepted without any addition.
Gold and silver price today, Sept 29: 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 Tuesday. Check retail rates of the precious metals in top metro cities of the country.
₹1.25 crore received under power of attorney: When can taxman treat property money in your account as taxable income?
A recent ITAT ruling has clarified that money received by a taxpayer while acting as a power-of-attorney holder does not automatically become his taxable income. The tribunal deleted a ₹1.25 crore addition after finding that the taxpayer had received the amount on behalf of three property owners.
Are banks open today, 29 September? Here's all you need to know after 3-day nationwide strike deferred
The proposed three-day nationwide bank strike from 28 to 30 September was deferred after talks between the IBA and UFBU. Check if banks are open in your city today, 29 September.
When is portfolio overlap acceptable in mutual funds? Experts explain when common stocks become a concentration risk
Portfolio overlap between mutual funds is not necessarily a problem, particularly when schemes have different strategies, risk profiles or portfolio roles. However, excessive overlap can leave investors with concentrated exposure despite holding multiple funds. 
₹1,000 monthly SIP became ₹4.67 lakh in 10 years: Which diversified equity mutual fund delivered highest returns?
A ₹1,000 monthly SIP can grow substantially over a decade as returns compound. We look at diversified equity mutual funds that delivered the highest 10-year SIP returns, with Quant Small Cap Fund leading the list. Here’s how the funds compare.
8th pay commission: Awaiting announcement? Here are the terms of reference and timeline of recommendations, explained
8th Pay Commission: The official terms of reference outline what central government employees and pensioners can expect from the panel. We will likely get official recommendations sometime next year. 
Sectoral mutual funds: Defence, metals gave double-digit returns in 2 years while tech, consumer in red — here's why
Sectoral mutual funds have seen a sharp divergence in returns over the past two years, with some sectors delivering strong gains while others slipped into the red. Here's what drove this divergence, and what should investors consider before making sectoral bets. 
New rules from October: SBI ATM charges, bulk FD rates, fee on UPI, Aadhaar verification for LPG subsidy, and more
From 1 October, households need biometric Aadhaar verification to keep accessing LPG subsidies, affecting 14.2 kg refills. Also, revised NPS charges and changes to ATM transactions for SBI customers will be implemented.