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House panel seeks periodic review of competition law framework, cites repeated violations of rules

A parliamentary panel recommended reviewing competition law for the digital sector. It called for vigorous enforcement of monetary penalty guidelines by the CCI. The panel also stressed a transparent methodology for calculating penalty amounts. Adequate protection for small businesses from…

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Purple Finance to acquire Saksham Gram Credit for rural expansion

Purple Finance plans to acquire Saksham Gram Credit to enter rural markets. The non-banking financial company also secured Rs 108 crore in equity funding. This acquisition will expand Purple Finance’s distribution network into southern India. Saksham Gram Credit offers microfinance…

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'Redevelopment agreement not a property receipt, so not taxable': ITAT

Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer’s appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property…

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EbixCash becomes first non-bank entity to get RBI nod for trade remittances

EbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handle trade and family remittances, previously a bank-dominated segment. The expanded powers enable EbixCash to directly serve small and medium…

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Centralised GST administration can cut duplicate audits, compliance costs; Centre State jurisdiction key, say experts

Tax experts say a PAN level administrative framework could bring greater consistency to audits and tax positions for multi state businesses, but caution that the model must preserve State oversight, avoid overlapping powers and be backed by a unified digital…

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Brent crude passes $92 a barrel, highest price since June

Oil rose in Asian trade Wednesday, with Brent crude hitting its highest price in more than a month, as Iran targeted US radar and air defence installations in the Gulf. Brent crude was trading up 1.2 percent at $92.09 a…

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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.