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Kotak Bank created fund used to bet against Adani: Hindenburg

Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions…

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Adani saga heads for a messy closure

SEBI-Hindenburg clash escalates, questioning SEBI’s actions and hindering the closure of the Adani controversy, showcasing the evolving dynamics in the financial market regulatory landscape.

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Adani joins Tata and Ambani in race for elusive India superapp

With a burgeoning pool of digital consumers, these Indian firms have decided to take a stab at developing all-in-one apps for their sprawling consumer businesses.

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ONGC appoints Vivek Chandrakant Tongaonkar as CFO

Vivek Chandrakant Tongaonkar has been appointed as the new Chief Financial Officer (CFO) of ONGC, succeeding Devendra Kumar, bringing over 37 years of extensive industry experience to the role.

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India’s macro fundamentals to remain strong in 2nd half of FY25: Nomura

Driven by steady growth and low, underlying inflation, India’s macroeconomic fundamentals are expected to remain strong in the second half of FY25, global brokerage firm Nomura has said.

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DTDC Express CFO targets high double-digit growth in FY25, plans Rs 150 crore investment; focus on profitability

DTDC Express aims for high double-digit growth in FY25 with Rs 150 crore investments in infrastructure and technology. CFO Aneel Gambhir shared his strategic plans with ETCFO. He also called for government support to boost the logistics sector.

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News

  • 5 red flags investors should watch out for before choosing a financial product

    If an investment product promises exceptionally high returns and claims little or no risk to the amount invested, you should consider it as a clear red flag.

  • Sebi open market share buy-back norms explained: Eligibility, timeline and impact

    Sebi has approved the reintroduction of share buy-backs through the open market route from 1 August 2026. The buy-back timelines have been reduced, and promoters are not allowed to participate.

  • Is it a bank holiday today? Check RBI calendar to know if SBI, HDFC, ICICI, others are open or closed on 4 July

    Check RBI calendar to know if SBI, HDFC, ICICI, others are open or closed on 4 July. RBI's holiday schedule provides comprehensive detail about non-working days for banks under Negotiable Instruments Act and other under Banks’ Closing of Accounts in addition to weekend offs.

  • You can now add, update email to Aadhaar for free: Check how, last date and other details

    UIDAI is now allowing people to add or update email IDs to their Aadhaar card directly through the mobile application. The service was enabled on 1 July 2026 and will be free to use for six months.

  • ITR filing 2026: Gifts, inheritance and rural agricultural land sale receipts can now be reported separately

    The new income tax form initially lacked a section for certain tax exempt receipts. Now, it includes an additional dropdown for ‘Receipts not in the nature of income’. Experts decode what this news head means for taxpayers.

  • Dearness Allowance: Could employees get 3-4% DA hike announcement this month? Here's what the numbers indicate

    Dearness Allowance: DA is revised twice a year in line with the All-India Consumer Price Index (AICPI) to match the cost of living. Here's a look at the numbers and whether employees could get a 3-4% DA hike this month.

  • Will your PF corpus shrink due to ₹1,800 contribution cap? EPF-2026 rules bring employer contribution into focus

    The central government has introduced the EPF Scheme, 2026, mandating a fixed monthly contribution of ₹1,800 each from employees and employers. Here's how the new rules may shrink your final provident fund corpus. 

  • I-T dept allows charitable trusts to seek fresh approval post deadline, taxpayers to get 80G relief

    The deadline to apply for fresh approval expired on 30 September 2025. Following this, all the applications made by charitable trusts were rejected purely on the grounds of delay in seeking approval. With the latest circular, the I-T department has provided relief to these charities.

  • How much retirement corpus do you need if you have ₹1 lakh monthly expenses now? Experts say it depends on these factors

    Retirement planning involves personalised strategies for investing according to risk appetite and anticipated lifestyle changes. Factors such as inflation and healthcare costs must be incorporated into the calculation of the necessary retirement corpus. 

  • EPFO: Documents and errors — Here are the top reasons your employees' provident fund claims could be rejected, explained

    Employees' Provident Fund Organisation: We take a look at the top four reasons an EPF subscriber's claim for their employees' provident fund may be rejected. Check the reasons here, explained.

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