There is a safer instrument that exists today: the pass-through certificate. A finance company has already made 10,000 small loans: to a kirana store in Surat, a truck owner in Ludhiana, a workshop in Coimbatore. It puts them in a separate trust, which issues certificates. Each month, as those borrowers pay their EMIs, the money passes through to whoever holds them.
InCred Equities has a target price of Rs 1,650 on Aavas Financiers, indicating a potential upside of 9.6% from its current market price of Rs 1,505. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld an income tax demand and penalty under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, after an Indian taxpayer failed to disclose a foreign bank account and shares held in a UAE-based company. About the Case Ashok…
The Ministry of Electronics and Information Technology (MeitY), in a press release dated 18 July, highlighted the growing adoption of the Aadhaar App, which has crossed four crore downloads. The ministry also said that Aadhaar holders have used the “Biometric Lock/Unlock” feature more than 1.91 crore times, indicating increased awareness around securing personal identity information….
Equity mutual funds delivered up to 7% return in the past week (July 20 to July 24), with international funds leading the performance chart. Here are the top 5 performers with gains of over 2% (Source: ACE MF).
With the 31 July deadline for filing Income Tax Returns (ITR) for Assessment Year (AY) 2026-27 just about 15 days away, taxpayers must act quickly. Those investing in Sovereign Gold Bonds (SGBs) should pay particular attention to the limited time left. They need to ensure that income from these investments is reported accurately and taxes…
Mukesh Ambani’s family has retained its place as India’s richest business family, even after an 8.5% decline in wealth, according to the latest 2026 Barclays Private Clients Hurun India most valuable family businesses list. The family’s fortune now stands at ₹25.8 lakh crore. The report also highlights the growing dominance of first-generation entrepreneurs. The Gautam…