A consumer commission has directed United India Insurance Company to pay ₹70 lakh to a BMW owner whose car was gutted in a fire after a tyre puncture left him stranded on a Maharashtra highway.
For someone saving through the National Pension System (NPS), retirement planning does not end with building a corpus. Once you retire, you also need a way to turn that accumulated money into a regular income. On 15 May 2026, the Pension Fund Regulatory and Development Authority (PFRDA) introduced Retirement Income Schemes (RIS) for NPS subscribers….
Shares of MedPlus Health Services fell sharply on Tuesday, declining 15.83% to Rs 667.95 after the company reported a weaker-than-expected performance in the first quarter of FY27. The decline came as investors reacted to pressure on profitability, with a contraction in gross margins and higher operating expenses offsetting healthy revenue growth. Despite the weak quarterly…
The Supreme Court is scheduled to hear on Monday a plea challenging the Centre’s decision to introduce a merchant discount rate (MDR) on certain person-to-merchant UPI transactions above ₹2,000, PTI reported. The case comes as the government moves to change the zero-MDR framework that has applied to UPI payments for nearly six years. Under the…
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…
The Income Tax Department has enabled a new Foreign Assets Information (FAI) feature on the e-Filing portal, allowing eligible taxpayers to view information about their overseas financial accounts and assets received by India under international information-sharing arrangements. The move is aimed at improving voluntary compliance and helping taxpayers verify foreign asset details before filing returns…
New Delhi | Mumbai: Jio Platforms is set to launch what could be India’s largest initial public offering (IPO) ever, with the Mukesh Ambani-led company planning an issue estimated at $4 billion, or ₹37,700 crore, around Dussehra, people familiar with the development told ET. The company is expected to file its red herring prospectus (RHP)…