Zerodha unit gets nod for merchant banking

The 31 July income tax return (ITR) filing deadline is fast approaching, but filing the return alone does not complete the process. An ITR becomes valid only after e-verification, which triggers its processing by the Income Tax Department. Once e-verified, taxpayers can monitor the status of their return on the e-filing portal. Although simple returns…

Mutual fund managers reshuffled portfolios within blue-chip stocks in July, increasing exposure to select IT, auto and pharmaceutical names. Fund houses bought financial services plays including NBFCs and private sector lenders. Read more: Which sectors attracted mutual fund interest in July? Check details At the same time, they pared holdings in PSU names such as…

For the first time in U.S. history, a living American president has appeared on a circulating dollar coin. The U.S. Mint has begun selling a new gold-colored $1 coin featuring President Donald J. Trump, part of the nation’s preparations to mark its 250th anniversary in 2026.The coin went on sale September 2 at noon Eastern…

Specialised Investment Funds (SIFs), which offer differentiated strategies compared with plain-vanilla mutual funds, are gaining popularity among investors, with the industry reaching 95,000 folios as of July 31, 2026. WHAT IS THE DIFFERENCE BETWEEN AN EQUITY MUTUAL FUND AND AN EQUITY LONG-SHORT SIF? While an equity mutual fund is primarily a long-only product, an equity…

Bank holidays in August 2026: The Reserve Bank of India (RBI) has listed 14 holidays next month for all public and private banks in India, which includes the State Bank of India (SBI), HDFC Bank, ICICI Bank, Axis Bank and others. Lenders across different parts of the country typically witness a closure to observe and…

The rules are different for individuals with business or professional income. For them, opting out of the default new regime, or subsequently returning to it, involves a specific compliance process. More importantly, they cannot move freely between the two regimes year after year. Once they opt for the old regime, they get only one opportunity…