Floating-rate home loans linked to the repo rate will be directly affected, impacting both existing and new borrowers. Lenders have started increasing rates on new loans, particularly with the festive season approaching. As of Thursday, Punjab National Bank, Bank of Baroda, Bank of India and Indian Bank, among others, had increased their repo-linked benchmark lending rate (RBLR) by 25 bps.
Most mutual fund portfolios tend to overlap, with large-cap names such as HDFC Bank, Reliance Industries and ICICI Bank appearing across dozens of equity schemes. However, some fund managers also invest in stocks that are not owned by any other mutual fund scheme. According to Value Research, there are 13 stocks held exclusively by just…
If you have ever booked a cab or bike taxi and been asked to pay a little more to improve your chances of getting a ride, the prompt may have felt like a harmless suggestion. But the way such prompts are designed can influence how much you end up spending. The Central Consumer Protection Authority…
Indian equities have become an unlikely AI hedge, DSP’s Jay Kothari told Mint Money. India’s stubborn underperformance may actually signal a turnaround in the near future. Kothari estimates that Indian equities have cumulatively underperformed emerging and global markets by nearly 70% over the past two years. This gap is something markets haven’t previously witnessed at…
Shares of BlueStone Jewellery rallied another 7% to Rs 832 on the BSE on Thursday, extending their winning streak to a third straight session and taking gains to 36% over the period. The buying momentum follows a strong Q1 performance, with the company reporting a net profit of Rs 14 crore, compared with a net…
The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has quashed a tax demand of ₹9.48 lakh raised against Kerala-based Brilliant Study Centre Pvt. Ltd., ruling that contractual teachers cannot be treated as employees merely because they are required to follow attendance, working hours and leave procedures. In its order dated 16 June 2026, the tribunal…
Transport Corporation of India will buy back shares worth up to Rs 150 crore through the tender offer route, and has fixed October 9, 2026 as the record date for determining eligible shareholders. Under the buyback plan, TCI will purchase up to 15.63 lakh fully paid-up equity shares with a face value of Rs 2…