The Motor Accident Claims Tribunal dismissed the claim, holding that the owner could not be a third party to his own policy and that no separate premium had been paid to cover his personal accident risk. Years later, the Telangana High Court reversed this, ruling that a comprehensive policy covers any occupant of the vehicle, including the owner, and awarded the family ₹10,00,500 with interest. The Supreme Court upheld this ruling.
Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday barred Osiajee Texfab, its managing director and several other entities from the securities market for allegedly manipulating the company’s share price through synchronised trades, misleading corporate announcements and connected entities. The regulator in an ex-parte interim order said, the textile company’s shares surged nearly…
Bank holidays this week: All public and private banks across India will remain closed today, since 2 August is a Sunday which is a weekend holiday. All Sundays of the month are marked as holiday for all scheduled and non-scheduled banks. Hence, SBI, HDFC, ICICI, PNB and other banks across the country will remain closed…
Many taxpayers believe that cash deposits below ₹10 lakh in a financial year are outside the Income Tax Department’s radar. This assumption stems from Rule 114E of the Income-tax Rules, 1962, which requires banks, co-operative banks and post offices to report cash deposits aggregating to ₹10 lakh or more in savings accounts during a financial…
The shares of banks, including heavyweights HDFC Bank, State Bank of India (SBI), IndusInd Bank and others, rose up to 2% on Wednesday, pushing the Nifty Bank index around 1% up as financial stocks led gains on Dalal Street. The Nifty Bank index gained around 561 points to trade at 58,023, as seen at 12.40…
The shares of Naukri and 99acres-parent Info Edge jumped more than 4% on Tuesday after the company released its results for the April-June quarter of FY27, with international brokerages reiterating their ‘Buy’ calls for the stock and some raising their target prices. Info Edge shares gained over 4% to trade at Rs 1,337 apiece on…
Holding extra cash in a traditional savings account earning a meager 2.5% to 3% causes your money to lose real value against inflation. This yield gap is prompting smart savers to look beyond standard bank accounts for short-term funds. While fixed deposits and sweep-in accounts remain popular traditional choices, a new modern category—cash optimisation and…