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Japan's MUFG Bank acquires 20 pc stake for Rs 39,618 cr in Shriram Finance

Japan’s MUFG Bank has acquired a 20 percent stake in Shriram Finance Ltd. The deal is valued at Rs 39,618 crore. This marks the largest cross-border investment in India’s financial services sector. The collaboration aims to accelerate Shriram Finance’s growth.…

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US Federal Reserve minutes flag stronger appetite for rate hike next month

Federal Reserve officials considered raising interest rates last month. Inflation remained above their target. The U.S.-Israeli war with Iran added to these concerns. Some officials saw a strong case for rate hikes if inflation persisted. However, many still expected rate…

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TRAI weighs direct satellite-to-mobile communication services

India’s telecom regulator TRAI is exploring direct satellite-to-mobile communication services. This move aims to provide connectivity in rural and remote areas. TRAI is seeking views on using spectrum for these services. The regulator is considering global practices and the outcome…

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Disney plans to cut 1,000 jobs, WSJ reports

Walt Disney is set to cut up to 1,000 jobs in the coming weeks. Many of these layoffs will impact the marketing department. This move is part of a new initiative called Project Imagine. The company aims to streamline its…

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Iran announces alternative routes in Hormuz strait

Iran announced alternative routes on Thursday for ships travelling through the Strait of Hormuz, citing the risk of sea mines in the main zone of the vital waterway. “All ships intending to transit the Strait of Hormuz are hereby notified…

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Oil rises as investors remain wary US-Iran ceasefire will open supply flow

Oil prices climbed on Thursday. Investors worry about Middle East supply. A ceasefire between the U.S. and Iran faces doubts. The Strait of Hormuz remains restricted. This vital waterway connects major oil producers to global markets. Shippers need more clarity…

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News

  • Why Old Bridge's Kenneth Andrade is avoiding IT despite attractive valuations

    Old Bridge MF founder Kenneth Andrade expects earnings growth to revive this year, remains bullish on pharma and autos, underweight on financials and IT, and sees crude as the biggest market risk.

  • ITR filing deadline extension LIVE: Countdown begins for the 31 July tax filing due date; will there be an extension?

    ITR filing deadline extension LIVE: The ITR filing due date is today for eligible taxpayers. Some are also hoping for an extension like last year, but experts caution that a similar relief is unlikely.

  • ITR filing deadline today: Check how 30-day verification rule allows taxpayers to verify returns after 31 July

    Taxpayers who file their ITR on 31 July can complete e-verification within 30 days. Here's how the verification timeline affects the filing date, the belated return status and compliance with income tax rules.

  • ITR deadline today: What happens if you don't file your return by 31 July? Check penalties, interest, other consequences

    As the July 31 income tax return deadline approaches, over 5 crore ITRs have been filed till Thursday. Late filers may face penalties and miss out on benefits like carrying forward losses. Check all consequences here.

  • Missing ITR deadline today is like getting ‘Hit Wicket’: Tax department urges a ‘Free Hit’ filing

    The Income Tax Department, in a recent X post, reminded taxpayers that 31 July is the last date to file ITR-1 and ITR-2 for AY 2026-27. Complete filing and e-verification today to avoid late fees, interest and compliance issues. 

  • ITR filing 2026: How to report capital gains from shares, mutual funds and ETFs to avoid tax notices

    Taxpayers must accurately report capital gains from shares, mutual funds, and ETFs while filing the ITR for AY 2026-27. It is important to choose the correct ITR form, classify gains, reconcile investment records, and report only realised gains to avoid discrepancies and scrutiny.

  • Does India’s DIY mutual fund boom needs structured assistance?

    Over 5-6 crore Indians now invest in mutual funds, thanks to digital platforms. While ease of access has increased, first-time investors face complexities in asset allocation. Future investing will require curated advice and structured assistance to ensure successful long-term portfolios.

  • These 8 mid-cap funds fail to beat their benchmark index: One has a negative alpha of 7 — check full list

    Mid-cap funds aim to outperform their benchmark through active management, but not all succeed. There are currently eight mid-cap funds with a negative alpha, with Taurus Mid Cap Fund having the lowest alpha of -7.20.

  • EPFO: Submitted a claim? Here's what the status message means and timeline for settlement process

    Employees' Provident Fund Organisation: Today we look at how much time EPF claims take to be settled, what the status message means, and what subscribers can do to rectify any delays and complete the process.

  • A financial master sheet won't make you richer—but it could save your family from economic chaos

    A financial master sheet is a single document that records the family's financial and administrative details, showing what assets exist, where they are held, and where supporting documents are stored.

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