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NSE inks pact with Steel Users Federation to develop steel derivatives market

The National Stock Exchange of India and the Steel Users Federation of India have partnered. This collaboration aims to build a robust derivatives market for steel in India. The initiative will offer steel industry participants a way to manage price…

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FinMin to meet chiefs of PSU banks on Fri to review credit flow to agri, MSME sectors

Public sector banks posted record profits of Rs 1.98 lakh crore in the financial year ended March 2026. The finance ministry will meet bank chiefs to review performance and credit flow to agriculture and MSMEs. Discussions will also cover regional…

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IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-back

IDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This funding is targeted at eligible microfinance loans and is expected to enhance the bank’s financial performance by…

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Coffee Day books ₹13.7 million exceptional charge on account of new labour codes

Coffee Day Enterprises Limited has reported a significant one-time charge of ₹13.70 million. This exceptional expense stems from India’s new labour laws. The company adjusted its employee benefit provisions to align with the revised statutory framework.

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Japan’s Development Bank invests in Indian real estate through HDFC Capital fund

Japan’s Development Bank of Japan Inc. has entered India’s residential property market. It committed capital to HDFC Capital’s affordable and mid-income housing platform. This marks a significant new entry of Japanese institutional capital. The investment supports sustainable development and addresses…

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Indian cos take guard against Rupee’s strikes: Fast-track exports, deepen localisation, extend currency hedging timelines

India Inc is stepping up exports, increasing localisation and expanding currency hedging as the weakening rupee starts hurting margins. Companies are also advancing imports and inventory purchases to lock in costs amid fears of further currency depreciation.

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  • Think debt mutual fund gains are always taxed as short-term? Not if you bought them before this date

    Debt mutual funds invest in fixed-income securities, appealing to conservative savers. Profits from funds purchased after April 1, 2023, are always taxed as short-term capital gains. But the rules change if you bought the units before that date. Check details.

  • Bank holiday today, October 13: Are SBI, HDFC Bank, and other banks closed on Saturday?

    Banks in India are open today, October 13, 2026, as it is the first Saturday. Scheduled closures occur on certain Saturdays and Sundays, limiting in-branch access. 

  • DA hike 2027: Dearness Allowance may rise to 67% from January | How much more could employees get?

    The January 2027 Dearness Allowance (DA) rate is pending confirmation, influenced by upcoming CPI-IW readings. 

  • Cancellation OTPs, fake offers, and urgent pleas: How scammers are using tactics to defraud people and how to stay safe

    From fake promotional offers and cancellation OTPs to urgent calls from strangers, cyber fraudsters are finding new ways to trick even well-educated people. Here’s how scammers exploit fear, stress and urgency, and what you can do to protect yourself from financial fraud.

  • Buying new car? Your motor insurance dealer may earn up to 38% commission - what IRDAI's proposed fix means

    The IRDAI is scrutinising high commissions earned from mandatory motor insurance policies sold through dealers. Here's what the regulator's proposed fix means for dealers and buyers.

  • Equity mutual funds: September 2026 returns—how did large, mid, small and flexi-cap fare over 3, 5 and 10 years?

    September 2026 was a challenging month for equity mutual funds, with all four major categories seeing declines. But a look beyond the monthly numbers reveals a different picture, with notable differences in how large-, mid-, small-, and flexi-cap categories have performed over longer periods.

  • Switching to an electric vehicle: What you need to know about ev insurance

    EVs rely on expensive components such as high-voltage battery packs, electric motors and sophisticated electronic systems. Repairs involving these components may require trained technicians, specialised tools and dedicated facilities, potentially increasing the cost of a claim

  • All Saturdays declared bank holidays? PIB Fact Check debunks fake notification

    The clarification comes shortly after bank unions deferred a three-day nationwide strike that was scheduled to take place from September 28 to 30

  • Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks

    A new RBI rule from 1 October changes how service exporters receiving overseas payments must report their earnings. Freelancers, creators and other professionals may need to take an additional compliance step through their bank. Here’s what you need to know.

  • Fuel inflation explained: How changes in petrol, CNG, LPG and PNG prices could affect your household budget

    Fuel inflation can affect household budgets differently, depending on the fuel used for cooking and commuting. The latest Finance Ministry report shows how inflation in LPG, PNG, petrol, diesel, and CNG has changed over the last few months. Here’s what the numbers mean for your expenses.

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