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Megha Engineering secures historic contract for India’s first private strategic petroleum reserve

Megha Engineering & Infrastructures Ltd. has won a Rs 5,700-crore project to build and operate India’s first private-sector strategic petroleum reserve (SPR) in Padur, Karnataka. This initiative aims to significantly boost India’s energy security by adding 2.5 million metric tonnes…

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How banks are tiding over low interest income after RBI rate cuts

To compensate, banks are prioritising fee-based income, third-party product sales, and recoveries, while also cutting deposit rates.

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RBI issues guidelines regulating payment aggregators

As per the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, payments aggregators are categorised into three categories as per the work they undertake.

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Sebi bans Par Drugs Chemicals from slump sale to promoter-linked entity

Sebi has halted Par Drugs and Chemicals’ proposed slump sale of its core business to Phal-Jig Fine Chemicals, a promoter-related entity, due to concerns over valuation irregularities and shareholder communication. The regulator has ordered a re-examination of the business undertaking’s…

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Canara HSBC Life Insurance gets Sebi nod for its proposed IPO

Canara HSBC Life Insurance has received Sebi’s approval for its IPO, paving the way for the sale of up to 23.75 crore shares by Canara Bank, HSBC Insurance, and Punjab National Bank. The company, a prominent bank-led private player, boasts…

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GST overhaul to accelerate automobile sector growth to 4-14% CAGR till FY28

The recent GST overhaul, which reduces vehicle prices by 3-9 per cent across categories, is likely to accelerate the automobile sector’s growth rate to 4-14 per cent compounded annual growth rate (CAGR) till FY28, a report said on Monday.

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Corporate FD rates in June 2026: Compare top NBFC fixed deposits offering up to 8.95% interest
Looking for higher returns in June 2026? With corporate FD rates climbing up to 8.95%, investors are taking notice. Here are the leading NBFC fixed deposits that stand out for returns, safety and flexibility.
8th Pay Commission: UP employee unions seek dialogue with commission on pay revision and service conditions
UP employee unions want a formal consultation with the 8th Pay Commission to discuss salary hikes, allowances, fitment factor, service conditions and the concerns of contractual employees before the final recommendations are submitted.
Dearness Allowance: Here's the formula used to calculate your DA hike, explained
Dearness Allowance: DA hike for central government employees and pensioners is calculated based on the AICPI's 12-month average, using the method prescribed by the 7th pay commission. We explain how…
RBI mis-selling rules explained: Tricked into buying a financial product? Here's how you can get your money back
Reserve Bank of India has introduced new rules to combat mis-selling of financial products, effective January 1, 2027. Banks must refrain from incentive structures that encourage aggressive selling and allow customers to file complaints regarding mis-sold products, ensuring refunds in such cases.
EPFO 3.0 explained: How the new PF withdrawal process differs from the existing one | A detailed comparison
EPFO 3.0 aims to streamline PF withdrawal by enabling direct withdrawals into bank accounts through UPI, reducing paperwork and wait times. This will allow instant, paperless transfers, improving access for subscribers compared to the current, cumbersome process requiring withdrawal claims.
Retiree claimed tax exemption on ₹19 lakh leave encashment, got a tax notice instead; here's what happened next
A retired ONGC employee won a tax dispute allowing him to claim full tax exemption on ₹19.06 lakh leave encashment. Details here.
RBI's New ₹50,000 Flexi Kisan Credit Card: How marginal farmers can unlock credit amid revised norms
The revised directions seek to establish a comprehensive framework for providing adequate and timely credit support to farmers and borrowers engaged in agriculture and allied activities.
Made a mistake in your tax return? Here's how to correct it even after receiving a refund
Taxpayers can correct mistakes in their income tax return by filing a revised return without facing penalties. The deadline for revisions is now extended to March 31 of the following year. 
Can investing in an under construction property help you save capital gains tax? Check Section 54 rules
Investing capital gains in an under construction residential property is permissible for claiming the tax exemption, but there are strict timelines
Switched jobs? Here's why you should transfer your EPF balance instead of leaving it behind
When changing jobs, employees often have multiple EPF accounts linked to the same UAN. Transferring these to the current account simplifies management, preserves service history, and eases withdrawals.