Equity mutual funds swing up to 8% last week. Check top 5 gainers and losers
Equity mutual funds swing up to 8% last week. Check top 5 gainers and losers
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RBI’s new FD rules from October: 5 changes small finance bank depositors must know
The Reserve Bank of India (RBI) has introduced new guidelines for small finance banks (SFBs) regarding fixed deposit (FD) interest rates and related factors. The changes have been announced under the ‘Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Second Amendment Directions, 2026’, and they will come into force from 1…
Landowner faced ₹3.41 crore tax on a ₹6.82 crore sale he never made; ITAT Ahmedabad deletes addition
A landowner in Ahmedabad found himself facing an income-tax dispute over a property sale he said he had never made. The land had allegedly been sold for ₹6.82 crore in cash using a forged power of attorney and forged signatures. The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has now deleted a ₹3.41 crore capital gains…
IDBI’s unlisted share sales not a public issue: Sebi
Mumbai: The Securities and Exchange Board of India(Sebi) has clarified that IDBI Bank can sell shares of unlisted companies to identified non-qualified institutional buyers through privately negotiated deals without the transactions being treated as deemed public issues. In an informal guidance letter issued on Friday, Sebi said secondary transfers of unlisted equity shares to identified…
Microfinance asset quality improves further as loans at risk fall to 2.3% in June: CRIF
Kolkata: Microfinance asset quality stress eased further in June, with the share of portfolio at risk falling to 2.3% from 2.6% three months prior, data from CRIF High Mark showed. The ratio was 7.1% a year earlier and 7.6% as of end-March 2025. The data captures loans that remained unpaid for up to 180 days…
When does your MF, bank account or EPF nominee become outdated? Here’s why you should periodically review it
When you invest in a mutual fund, buy an insurance policy, open a bank account, or even get an EPF membership after joining the workforce, picking a nominee is one of the first things you are asked to do. It allows these institutions to know whom to contact if the account holder dies. Naming a…
Bhagwati Products may delay IPO by up to 3 quarters
Kolkata: Bhagwati Products, an electronic manufacturing services JV between Micromax Informatics and China’s Huaqin Technology, may postpone its proposed IPO by two to three quarters as volatility in memory chip prices makes it difficult for brands to provide production forecasts, director Rajesh Agarwal said. The ₹18,000-crore company, which has clients including Vivo, Oppo and Hisense,…
