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ITAT rules tax officer cannot pin entire stamp-value gap on one co-owner

The Mumbai ITAT stated that one co-owner cannot be held accountable for the total tax discrepancy. The tribunal highlighted that the ownership shares had been explicitly recorded. The lack of action from tax authorities does not validate the taxation of…

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Banks seek CRR cut on green deposits to boost green lending in India

In a bid to boost climate and transition finance, banks are pressing for a lower cash reserve ratio for green deposits. Presently, estimates show that these deposits fall short of the necessary critical mass. A decreased CRR could significantly cut…

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Huge growth opportunity as rising incomes, longevity fuel insurance demand: LIC CEO

India’s insurance sector anticipates strong demand for protection and savings products. LIC aims to adapt its distribution and product mix for a digital market. The company is enhancing its product portfolio and improving technology for better customer experience. LIC also…

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RBI approves Carol Furtado as interim CEO at Ujjivan Small Finance Bank after Sanjeev Nautiyal's exit

Ujjivan Small Finance Bank appointed Carol Furtado as interim chief executive officer. This appointment follows the sudden resignation of MD and CEO Sanjeev Nautiyal. Nautiyal stepped down from his position citing health grounds and requested early retirement. The Reserve Bank…

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Nirmala Sitharaman, World Bank chief Ajay Banga hold meeting, discuss deepening cooperation

The things the FM and the World Bank chief discussed included a significant role of MIGA in boosting corporate and infrastructure finance. They also explored the utilisation of technology for advancing agricultural practices and tourism development, aiming at harnessing global…

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Why is market falling today? Sensex, Nifty selloff wipes out Rs 5 lakh crore investor wealth: 5 key factors

Indian stock markets experienced a significant downturn on Wednesday morning. Sensex and Nifty saw substantial drops, reflecting investor concerns. Escalating US-Iran tensions and soaring oil prices spooked market participants. This sharp decline erased nearly Rs 5 lakh crore from market…

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  • 10 signs you're poor, no matter how much you earn: Hidden money struggles behind your ‘comfortable lifestyle’

    A ‘comfortable lifestyle’ may obscure financial issues. These 10 signs indicate that you're poor, no matter how much you earn.

  • Value Trap: A low P/E does not always mean a bargain — 8 factors investors should look at before buying

    A stock’s low valuation may look attractive, but it can sometimes signal deeper problems in the business. Here are eight ways a seemingly cheap stock can remain cheap and what investors should examine before assuming it is undervalued.

  • Quant MF raises IT services exposure, goes underweight on manufacturing: Key takeaways for investors

    Quant Mutual Fund has changed its sector positioning by increasing its allocation to IT services in August 2026. The fund house remains positive on select sectors and expects stock-specific opportunities to drive returns as large-cap markets consolidate.

  • Can one co-owner be taxed alone on property value and stamp duty difference? What ITAT says

    The ITAT delivered a significant ruling in the case of a Mumbai taxpayer who, in 2017, purchased a flat jointly with his wife in Chembur. The actual consideration paid for the property was ₹60 lakh, while its stamp-duty value was ₹94.8 lakh, creating a gap of around ₹34.8 lakh.

  • The hidden drag on freelance income: Why your overseas client invoices don’t match the money reaching your bank

    For Indian freelancers, the invoice value of an overseas client payment may not be the amount that reaches their bank account. FX conversion margins, platform fees and SWIFT costs can reduce the final INR payout. Here is how freelancers can calculate the actual amount they received.

  • NPS Active vs Auto Choice: Which investment option is right for your retirement goals?

    One mistake investors may make is assuming that the option with greater equity exposure is necessarily the best choice, particularly when they are young.

  • PFRDA proposes changes to Point of Presence regulations: What NPS subscribers need to know

    PFRDA has proposed changes to the Point of Presence framework that could expand NPS access through more types of entities and a dedicated digital route. The proposals also strengthen oversight of NPS Mitras, subscriber-data confidentiality and PoP accountability for fraud or negligence. 

  • Pension delayed? Why retirees in contributory schemes can now take the matter to consumer court

    Retirees facing delayed pension payments under contributory schemes may approach consumer courts, following an important NCDRC ruling that recognised pension contributors as consumers and treated unjustified delays as deficiency in service.

  • Buying a house in 7 years? Know the best mutual fund categories, equity-debt mix and de-risking strategy

    A seven-year house goal can justify high equity exposure initially, but the portfolio should gradually move towards safer assets as the purchase nears. Experts explain which mutual fund categories may suit the goal, why diversification matters and how to protect the corpus from market volatility.

  • Bank holiday tomorrow, 4 September: Will SBI, HDFC Bank and others remain closed for Janmashtami?

    Banks in multiple cities, including Ahmedabad and Chennai, will be closed on September 4 for Janmashtami. Holiday observance varies by city, so customers should verify bank schedules against the RBI list before visiting. 

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