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IndiGo parent InterGlobe Aviation appoints Kiran Thadimarri as CFO; Gaurav Negi takes advisor role

InterGlobe Aviation announced a significant finance leadership change on Monday. Kiran Thadimarri will assume the Chief Financial Officer role starting July twenty-eighth. Current CFO Gaurav Negi transitions to Advisor to the Managing Director. Thadimarri brings over twenty-four years of extensive…

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HDFC Bank fines CEO, CFO Rs 1 lakh each over MSRDC deposit case

In a notable move, HDFC Bank has penalized senior executives and delivered warning letters after conducting an internal assessment of a deposit arrangement from 2017 and 2021. The bank’s board determined that the actions were categorized as business overreach, lacking…

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Standard Chartered appoints Kavita Kulkarni as CTOO for India and South Asia

In a significant move, Standard Chartered has named Kavita Kulkarni as its new chief technology and operations officer. With over 25 years of extensive experience in banking and technology, Kulkarni will spearhead the tech and operations strategy across India and…

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India's engineering goods exports rise 21 pc in June, Oman shipments jump five‑fold

India’s engineering goods exports rose 21 per cent YoY to $11.48 billion in June, up from $9.51 billion a year earlier, driven by strong demand from the United States, Germany, China, Singapore and Oman, a statement said on Monday.

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Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says Sitharaman

Finance Minister Nirmala Sitharaman said the government sees no need to revise Budget estimates, citing adequate fiscal buffers to address global uncertainties, while noting improving private sector investment and growth in critical sectors of the economy.

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Rupee logs best day in over 6 weeks as RBI intervention magnifies oil slump impact

The Indian rupee saw its best trading session in over six weeks on Monday. This gain was driven by likely central bank intervention and a significant drop in oil prices. The rupee climbed to an intraday high after breaking through…

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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.