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Homeowners in Mumbai may have a reason to challenge maintenance bills that vary based on the size or use of their property. The Maharashtra co-operative court held in a recent ruling that housing societies cannot arbitrarily charge higher maintenance fees from owners of larger flats or commercial units unless there is a solid legal reason…
“Breaking the spread into named components, such as credit risk premium, operating cost, term premium, business strategy premium, makes comparing that of banks and NBFCs, possible for the first time,” he said, adding that the draft standardizes how pricing gets disclosed more than what gets charged.
Gold and silver prices on August 27: The price of the yellow metal in India gained nearly 0.7% in the domestic futures market during early trading hours on Thursday, August 27, as uncertainty over the US-Iran conflict in Middle East continued to support safe-haven demand. MCX Gold 5 October futures were trading at ₹160,751 per…
Employers who failed to enrol eligible workers under the Employees’ Provident Fund (EPF) scheme in the past have another opportunity to regularise those records. The Employees’ Provident Fund Organisation (EPFO) has launched the Employees’ Enrolment Campaign (EEC) 2026, a special one-time window under which eligible employees who were left outside EPF coverage during the period…
Central government pensioners and employee organisations are seeking a reduction in the 15-year period for restoration of commuted pension. Several associations have urged the 8th Pay Commission to recommend restoration after 10 to 12 years, arguing that the existing rule is based on financial and actuarial assumptions that are several decades old. What is pension…
Retirees who could claim just ₹3 lakh as leave encashment tax exemption before 2023 may now have an opportunity to seek relief. The Income Tax Appellate Tribunal (ITAT), Chennai, said in a recent order that the enhanced ₹25 lakh exemption limit introduced on May 24, 2023 can be applied retrospectively. In an order dated June…
The dollar held near an eight-day high on Thursday after U.S. inflation and other economic data slightly lifted expectations of a Federal Reserve rate hike, ahead of the Jackson Hole central bankers’ symposium due to begin later in the day. Markets will also look to a speech and press conference by one of the Bank…
ET Intelligence Group: Lumino Industries, a power cable manufacturer and EPC contractor, plans to raise ₹500 crore through a fresh issue to repay debt and expand capacity, and ₹200 crore through offer for sale. The promoter stake will fall to 71.9% after the IPO from 100%. The company has reported strong growth in the order…
Nvidia Corp.’s bullish sales outlook lifted US equity-index futures and technology stocks after bolstering optimism that this year’s rally in artificial intelligence shares has further to run. Contracts for the tech-heavy Nasdaq 100 Index climbed 1.2%, while those for the S&P 500 Index added 0.6% after Nvidia signaled strong sales growth in 2028. The company’s…
ET Intelligence Group: Shares of PNB Housing Finance have gained 24% in 2026 so far, the highest among peers, most of whom have failed to generate returns. The broader BSE Financial Services index has lost 4% year-to-date. The company’s standout performance on the bourses can be attributed to sustained momentum in loan disbursement and the…