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Irdai opens NDB’s Maharajah INR bonds to insurers
Mumbai: The Insurance Regulatory and Development Authority of India (Irdai) has allowed insurers to invest in Maharajah INR bonds issued by the New Development Bank (NDB), giving insurers an additional avenue for investing in rupee-denominated bonds. NDB plans to raise ₹25,000 crore through the bonds over a five-year period. In a circular dated August 27,…
Welspun Living shares rally 11% after Q1 profit jumps 85% YoY. Should you buy, sell, or hold?
Shares of Welspun Living surged 10.56% to Rs 176.70 in Friday’s trading session after the home-textile major reported a strong Q1FY27 performance, marked by robust revenue growth, a sharp rise in profit and improving operating margins. Brokerage firm Motilal Oswal Financial Services reiterated its ‘Buy’ rating on the stock with a target price of Rs…
Brent commands a war premium as Middle East supply risks keep oil on edge
Global crude oil markets remain highly volatile, with the Brent-WTI spread widening to nearly $12 per barrel as of October 9. Brent crude was trading around $103 a barrel, compared with approximately $90.70 for WTI. The widening gap reflects the market’s growing focus on geopolitical risks and potential supply disruptions in the Middle East. As…
Multi-asset allocation funds drew nearly 7 times more inflows than balanced advantage funds in H1 2026; here’s why
Multi-asset allocation funds dominated investor preference in the first half of 2026. According to AMFI data, the category attracted net inflows of around ₹38,027 crore during January-June 2026, compared with ₹5,586 crore for balanced advantage funds (or dynamic asset allocation). Both categories belong to the hybrid-fund universe and are often considered by investors seeking an…
₹3.79 crore TDS dispute after missed tax notices, ITAT gives taxpayer another chance despite 60-day appeal delay
A taxpayer who failed to respond to income-tax department notices over payments running into nearly ₹3.8 crore has got another opportunity to explain why tax was not deducted at source. The tribunal restored the matter for fresh examination after finding that the original proceedings had been completed without the taxpayer being heard on merits. In…
Earning ₹30 lakh? The wrong tax regime could cost you over ₹1 lakh
The tax changes announced in Budget 2025 have strengthened the case for the new tax regime, with lower slab rates and a higher standard deduction reducing the tax burden for many salaried individuals. However, for those earning ₹30 lakh a year, the choice between the two regimes isn’t always straightforward. At this income level, the…