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Swiggy shares jump 7% as foreign ownership falls below 50%. What this means quick commerce giant?
Swiggy shares rallied sharply on Tuesday after foreign ownership fell below 50%, taking the company closer to qualifying as an Indian-owned and controlled company. While no immediate operational changes follow, the milestone could eventually allow Instamart to own inventory directly, boosting margins and improving supply chain efficiency.
Adani's Kutch Copper secures LME registration for 'Adani Copper' Grade A cathodes
Kutch Copper Ltd has achieved London Metal Exchange registration for its copper cathodes. This approval allows 'Adani Copper' to be delivered against LME copper futures contracts. The certification validates Kutch Copper's manufacturing excellence and responsible sourcing practices. This milestone strengthens India's role in the global refined copper supply chain. Adani Copper cathodes will be eligible for issuance against LME contracts from July 10.
Top 5 largecap mutual funds to invest in July 2026
ETMutualFunds has shortlisted the top largecap mutual funds based on mean rolling returns, consistency over the last five years, downside risk, outperformance and asset size. The list includes Axis Large Cap Fund, Canara Robeco Large Cap Fund, Mirae Asset Large Cap Fund, Baroda BNP Paribas Large Cap Fund and Edelweiss Large Cap Fund.
Moody's assigns L&T 'Baa1' issuer rating with stable outlook
Larsen & Toubro secured a Baa1 long-term issuer rating from Moody's Ratings. This investment-grade credit profile reflects the company's strong financial resilience and management. The stable outlook anticipates continued fiscal discipline and healthy operating margins. L&T Hydrocarbon Saudi Company also received a matching Baa1 rating from Moody's. This reflects the subsidiary's integration and the strategic importance of West Asia operations.
Raising the bar: Saying it with chocolates, from pastries to perfume
Chocolate is a versatile ingredient celebrated for its intricate taste and diverse forms. It's integrated into an array of products, from beauty and skincare to unique savoury dishes. Brands harness chocolate's popularity to elevate various culinary experiences. In India, it's particularly influential in gifting and mithai traditions, while also finding its way into innovative cocktails and aromatic fragrances, proving its universal allure.
DP World's marine services business acquires container vessel to boost coastal shipping capabilities
DP World's Shipping Solutions acquired the container vessel DP World Indus. This acquisition strengthens its coastal shipping capabilities within the domestic Indian market. The vessel supports cargo movement, reducing road network pressure and promoting sustainable supply chains. DP World's network now spans fourteen ports with a dedicated fleet of ten vessels. This investment aligns with DP World's strategy to enhance India's logistics and maritime infrastructure.
India's office market recorded its strongest quarter with gross leasing of 24.6 million sq ft
India's office market recorded its strongest quarter ever in Q2 2026. Gross leasing reached an all-time high of 24.6 million square feet. Developers matched this pace with 21 million square feet of new completions. Global capability centers and flexible space operators drove significant leasing activity. This strong momentum is expected to continue throughout the remainder of 2026.
MakeMyTrip Launches OneCircle, a Global Rewards Program With 13,300+ Accommodation Properties
MakeMyTrip has launched its new global rewards program called OneCircle. This program connects over thirteen thousand accommodation properties across one thousand cities worldwide. Travellers will earn a minimum of ten percent back on accommodation spending as reward points. Three in four participating properties are located in tier two and tier three Indian cities. This initiative aims to make every trip more rewarding for travellers and partners.
Digital arrest scams cost Indians 4,000 crore since 2022: How fraud works and ways to stay safe
Digital arrest scams have cost Indians more than 4,000 crore since 2022 as fraudsters impersonate government officials to steal money. Check how these scams work, key complaint figures, warning signs, and practical safety tips to protect your savings from the growing threat of cyber fraud.
Tata Group-owned IHCL signs 20 hotels in Q1, says poised to achieve 700-hotel portfolio by 2030
Indian Hotels Company Ltd signed twenty new hotels during the first quarter. The company is well poised to reach seven hundred hotels by the year 2030. Seventeen of these signings focused on growth brands like Gateway and Ginger. Taj also reached a milestone of one hundred fifty hotels with three new signings. IHCL expanded its operating portfolio to over three hundred eighty hotels globally.
BHEL collaborates with thyssenkrupp nucera India
Bharat Heavy Electricals Limited has partnered with thyssenkrupp nucera India for local manufacturing. This collaboration focuses on alkaline electrolyser systems for green hydrogen projects. The agreement aims for phased indigenisation and local production of these critical components. BHEL's project execution capabilities for green hydrogen will be significantly strengthened. This initiative supports India's National Green Hydrogen Mission and the Make in India program.
Gold fever breaks, leaving silver linings for singed investors
As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.
MSDE approves Rs 1,237 crore investment plans for upgradation of ITIs in Odisha, Gujarat, Telangana
The 4th national steering committee under the under the Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs (PM-SETU) scheme, on Tuesday, also approved the nationwide roll-out of the scheme to all 200 ITIs, enabling states and union territories to take up implementation based on industry readiness and implementation capacity.
5 Skills every mid-career professional needs to learn in 2026
The workplace is evolving faster than ever, and experience alone is no longer enough to stay ahead. From AI leadership to strategic decision-making, here are five skills every mid-career professional should develop in 2026, and the ET Masterclass that can help build them.
Elder sister gave the house to a brother via registered Will but other other brothers occupied the house with an alleged unregistered Will; Andhra High Court upholds registered Will and rejects other brother's claim on unregistered Will's basis. Know what did Andhra Pradesh High Court say about the Will.
India's auto component sector grows 12.7% in FY26, but imports outpace exports: ACMA
India's auto component industry saw strong growth in FY26, driven by OEM supplies and aftermarket expansion. Exports increased by five percent, while imports rose thirteen percent, widening the trade deficit. Supplies to the electric vehicle segment accounted for a notable portion of OEM sales. Geopolitical uncertainties and raw material price volatility present challenges to the sector. Government initiatives and infrastructure development offer significant growth opportunities for the industry.
Financial knowledge isnt enough: What investors need to make better money decisions
Investors today have more financial information at their fingertips than ever before, yet access to knowledge does not always translate into better decisions. The real difference lies in financial literacy, the ability to filter information, understand risk, manage emotions, and apply financial concepts to real-life choices. Heres why moving from simply knowing about money to using that knowledge effectively can shape better investment decisions.
Tata Power targets Rs 1 lakh cr revenue by 2030, reveals key update on nuclear plans
Tata Power aims for Rs 1 lakh crore revenue and Rs 10,000 crore profit by 2030. The company will expand its solar manufacturing capacity by adding a new 10 GW project. Tata Power is also open to entering the nuclear power segment with small modular reactors. It plans to expand distribution footprints in states proposing privatization. The energy network currently serves over 13.1 million distribution customers.
8th Pay commission latest news: When will 8th Pay Commission visit Kolkata?
GIFT City partnered with Vietnam's VIFC-DN to share financial hub development knowledge. This collaboration will focus on financial services and digital innovation. The Indian financial center also signed MoUs with Tata Communications. These agreements aim to boost GIFT City's appeal for global businesses. Additionally, CEPT University will collaborate on research and urban planning initiatives.
Top 5 money market funds based on 1-year returns: Union Money Market Fund leads with over 6% return
Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.
India breaks into China's steel box monopoly after costly lesson
India has launched its first export-import (EXIM) shipping container for global deployment, marking its entry into a sector overwhelmingly dominated by China, which controls about 90-97% of global container manufacturing.
Explained: How to calculate your retirement corpus while accounting for inflation
7 income tax limits every taxpayer should know to avoid notices and penalties
Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.
Sourav Ganguly joins hands with insurtech platform
Former India captain Sourav Ganguly is now a brand ambassador for InsuranceDekho. This partnership highlights his fearless leadership and team-building qualities. The campaign will feature a new television commercial across various platforms. Insurance advisors on the platform will be encouraged to 'Khul Kar Khelo'. This initiative aims to connect with a wider audience through engaging content.
Tarc Ltd reports Rs 602 crore pre-sale during Q1FY27
Tarc Limited reported sales of Rs 602 crore and collections of Rs 305 crore. The company's quarterly pre-sales increased threefold year-on-year. Collections also saw an eighty percent growth, reflecting strong demand. This performance supports construction progress and future luxury developments. Tarc Limited remains focused on execution and customer experience for growth.
Serentica Renewables inks pact with SECI to supply power from 600 MW FDRE project
Serentica Renewables proudly announces its new power purchase agreement with SECI, dedicated to a groundbreaking 600 MW Firm and Dispatchable Renewable Energy project. Notably, it achieved the largest allocation in the competitive SECI auction. This innovative project ensures electricity provision during non-solar hours, effectively addressing peak demand while significantly cutting down annual carbon emissions, contributing positively to the environment.
India-origin battery tech powers Offgrid's first UK manufacturing facility
Offgrid Energy Labs has launched its first UK pilot manufacturing facility for its India-developed ZincGel long-duration batteries. The 10 MWh plant marks the commercial scale-up of the company's proprietary zinc-bromine technology. Offgrid aims to serve global energy storage markets while expanding manufacturing of India-origin battery innovation through an international production network.
Gold prices saw a decline across major Indian jewellery brands today. Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas reported lower rates. These price drops were observed in cities like Delhi, Mumbai, and Chennai.
Quick commerce to outpace overall digital commerce growth in 2026: Equirus Report
India's quick commerce segment is set to remain the fastest-growing part of the country's digital retail market in 2026, expanding at more than twice the pace of overall digital commerce as companies continue to invest in dark-store networks and rapid delivery infrastructure, according to an Equirus report.
One attack, one warning: The world's energy lifeline is still vulnerable
An attack on a Qatari LNG carrier in the Strait of Hormuz has raised concerns. This incident suggests ongoing threats to commercial shipping in the vital waterway. Energy markets may face potential repeated disruptions rather than widespread conflict fears. The dispute over Hormuz control remains unresolved, impacting global energy supplies.
While India is building domestic capabilities in chip fabrication, packaging and testing, execution remains its biggest challenge due to heavy dependence on imported equipment and supply chain gaps, according to a report by Equirus Securities.
Did June just mark a new turning point for India's car market?
India car sales June data: As manufacturers continue to widen alternative-fuel offerings and supporting infrastructure improves, their share in India's passenger vehicle market is expected to rise further over the coming quarters.
EPS pension: Check how much monthly pension you can get after 1025 years of service under EPS 2026
The Employees' Pension Scheme 2026 has been introduced, replacing older pension plans. This new scheme maintains the existing pension calculation formula for subscribers. Pensionable salary is determined by the average of the last sixty months' earnings. Employees receive a minimum monthly pension of one thousand rupees. Service years are enhanced by two years for those with twenty or more years of contribution.
India's Semicon 2.0: Government expands incentives for semiconductor ecosystem beyond fabrication
India is finalizing Semicon 2.0, expanding incentives beyond chip fabrication. This new phase will support the entire semiconductor value chain. It will also strengthen incentives for chip design startups and material suppliers. Building a domestic supply chain is central to India's semiconductor strategy. This initiative aims to reduce import dependence and enhance resilience.
PAN-Aadhaar linking for ITR filing: Why it matters and how to complete the process online
PAN-Aadhaar linking is essential for eligible taxpayers to keep their PAN active and avoid disruptions in tax-related services. Taxpayers with unlinked PANs can complete the process by paying the applicable fee through the e-filing portal.
Vatika Hotels refinance Rs 550 crore debt with Kotak
Vatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the company. The hotel owner experienced financial stress during the Covid-19 pandemic. Vatika Hotels' debt has significantly declined after restructuring and equity infusion. The company now holds a BBB investment-grade rating, reflecting improved financial health.
Borrowers take note: HDFC Bank revises lending rates for different tenures; check updated list
HDFC Bank has adjusted its MCLR rates, with changes effective July seventh, 2026. The overnight MCLR decreased by five basis points, while longer tenors saw increases. One-year and three-year MCLRs rose by five basis points each.
Scorching summer puts ACs in the driver's seat for Q1 consumer durables sales: Report
The consumer durable sector anticipates a robust first quarter in fiscal year 2026-2027. Strong summer demand and a favorable base are expected to drive significant sales growth. Room air conditioners are projected to lead this expansion with substantial value increases. Washing machines and televisions will also see healthy growth supported by price adjustments. Despite operational challenges, the sector's financial performance is showing signs of recovery.
Health insurance proposal form: Step-by-step guide to filling it correctly and avoiding claim issues
Fill a health insurance proposal form correctly with this step-by-step guide. Understand required details, medical disclosures, nominee information and important checks to avoid claim problems while ensuring smoother policy approval and better financial protection for you and your family.
Star Plus bets big on premium non-fiction as broadcasters chase new audiences, advertiser interest
Star Plus is strategically re-entering premium non-fiction programming after a long hiatus. The channel has launched India Ke Top 1%, an adaptation of a global quiz show. This move aims to attract wider audiences and deepen viewer engagement. Non-fiction formats offer richer integration opportunities for advertisers and brands. The channel will evaluate future non-fiction investments based on audience reception.
India's MRPL books Iraq crude cargo after Strait of Hormuz reopening
Mangalore Refinery has chartered a vessel to load crude oil from Iraq. This marks the first such move by an Indian state-owned refiner since Hormuz reopened. The Aframax tanker Jasmin Joy will load oil from Basrah on July 19-20. Indian refiners faced difficulties securing ships from west of the Strait of Hormuz. This strategic waterway is crucial for global oil and gas supplies.
Think 12.75 lakh salary means zero tax? These incomes may still attract tax
The Employees Provident Fund Organisation has finished a major system upgrade and database consolidation. Some EPFO services are temporarily unavailable on the UMANG app due to this migration.
India has completed its nationwide E20 petrol rollout, which raises concerns for older vehicles. ARAI tests showed mixed results for four-wheeler engines using E20 fuel. Two-wheeler durability tests indicated acceptable performance with E20 fuel. Automakers state E20 is safe for existing vehicles after extensive testing. Higher ethanol blends like E25 could present greater challenges for the automotive industry.
IndiaUK trade deal to make imported Scotch whisky cheaper: Prices may drop 510% for Indian consumers
The IndiaUK FTA is set to come into effect on 15 July. One of the biggest takeaways for Indian consumers is the gradual reduction in prices of imported Scotch whisky and gin. Under the agreement, tariffs on imported whisky and gin will be cut from 150% to 75% initially and further reduced to 40%.
International mutual funds have delivered strong one-year returns, significantly outperforming domestic equity categories. This outperformance is largely driven by global technology stocks and currency depreciation against the US dollar. Experts advise against chasing recent gains, emphasizing long-term asset allocation for international diversification. While international funds show strong recent performance, domestic equity funds remain well-placed for long-term wealth creation.
Broadcasters, streamers step up investment in premium non-fiction content
Indian broadcasters and streaming platforms are significantly increasing investment in premium non-fiction content. Unscripted programming now accounts for nearly thirty percent of all content across platforms. Companies are betting on reality and comedy formats to attract viewers and build franchises. Netflix and Prime Video are expanding their unscripted content with homegrown and international shows. Broadcasters like Star Plus and Sony are also strengthening their non-fiction offerings to boost viewership.
India's fuel consumption drops 3.7% in June from previous month
India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage also declined. Windfall taxes on certain fuel exports were adjusted by the government last month.
HSBC pulls back from risky credit after bankruptcy scare, FT reports
HSBC is reportedly scaling back its involvement in riskier private credit deals, according to the Financial Times. This strategic shift indicates a move towards a more cautious approach in the private credit market, signaling a potential change in the bank's lending appetite for more speculative investments.
Gold and silver prices today, 7 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
New EPF Scheme 2026: Know withdrawal frequency limits for essential, housing and special needs
Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances.
Central government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these demands with DoPT. Audits often identify past overpayments, leading to salary deductions. NC-JCM argues these are administrative errors, not employee fault. They propose delegating waiver powers to department heads for faster resolution.
Founder of Brookfield-backed Avaada seeks $750 million loan
Avaada Group founder Vineet Mittal plans to borrow $750 million from global lenders. This new financing will refinance the company's existing $1 billion credit facility. Several international banks are in talks to underwrite this significant debt deal. Avaada Group is also considering an initial public offering for its solar cell unit.
Worlds smartest investors are turning to fine wine and rare whisky. You can too! 9 things to know
Under the EPF Scheme 2026, members must submit a fresh nomination after marriage, as earlier nominations become invalid. While nominating a spouse is optional, updating nominations ensures eligible family members receive EPF benefits without delays or legal complications.
New EPF Scheme, 2026: What existing and new PF subscribers should know
India's Employees' Provident Fund (EPF) is undergoing a significant modernization with the EPF Scheme, 2026. Existing subscribers will see continuity in their balances and membership, while new entrants will find a clearer framework for contributions and benefits. A key change involves increased flexibility for voluntary contributions, allowing employees to build larger retirement funds.
The 8th Pay Commission is reviewing salaries, pensions and allowances for central government employees and pensioners, with the fitment factor remaining the key focus. Experts expect it to range between 1.90 and 2.86.
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
Private banks saw stronger deposit growth than public sector lenders in the June quarter. Public sector banks, however, achieved faster credit expansion during the same period. This divergence raises concerns about funding sustainability for state-run institutions. Private banks have steadily gained market share in deposits over a decade. Credit growth between the two bank types showed convergence in the recent quarter.
Gold overtakes vehicle loans as top securitised asset class in Q1FY'27: CRISIL
Securitisation, a process through which lenders pool loans and sell them to investors to raise funds and free up capital for fresh lending, saw issuances surge 22 per cent year-on-year to around Rs 60,000 crore in the April-June quarter, a CRISIL Ratings report said.
A management consultant has shared his investment strategy on Instagram aimed at young investors. Here's a look at how he divides his savings into long-term, medium-term, and emergency fund to achieve financial growth.
Govt asked ZEE5 to take down 'Satluj' citing security concerns, obligations under IT Rules
ZEE5 has been directed by the Centre to remove the film 'Satluj', starring Diljit Dosanjh, citing security concerns. The movie, depicting human rights activist Jaswant Singh Khalra's life in 1990s Punjab, was reportedly released on OTT without accepting 127 cuts suggested by the CBFC. The government emphasized that OTT platforms must adhere to IT Rules 2021, especially regarding content that could affect national security or public order.
FSSAI issues notice to Heritage Foods over 'Fresh Paneer' claims
Food regulator FSSAI has issued a notice to Heritage Foods Ltd concerning its 'Fresh Paneer' product. The authority cited misleading claims, stating the product doesn't meet 'Fresh' criteria and the term 'Healthy' in its trademark is also non-compliant. Heritage Foods has been given seven days to explain why action shouldn't be taken under the FSS Act, 2006, to protect consumers.
According to a railway spokesperson, several rail services in the Mumbai Central division have been affected due to inundated tracks.
Trent Q1 revenue rises 19% to Rs 5,666 crore as Westside, Zudio expansion continues
Trent, a Tata Group retailer, saw its revenue surge by 19% in the first quarter of FY27, reaching Rs 5,666 crore. This impressive growth was fueled by the aggressive expansion of its Westside and Zudio store networks, with 20 new outlets added during the period. The company now operates over 1,300 stores, highlighting its strong performance in the retail sector amidst challenging market conditions.
Income-tax returns: Today we explain what ITR assisted filing is, who is allowed to assist, who is considered authorised representative, the requirements and eligibility criteria and other important factors.
The world children are growing up in is changing at an unprecedented pace. New technologies are transforming the way people learn, work, and solve problems. Careers are evolving faster than ever, and the skills needed to succeed are expanding well beyond traditional academics.
Mutual funds holding cash: Is high cash balance a red flag for investors? Experts explain
Experts suggest that cash holdings should be viewed as a portfolio management tool rather than a buy-or-sell signal. A fund's investment philosophy, portfolio quality, and long-term performance remain far more important than a single percentage shown in the monthly factsheet.
EPF vs Labour Codes: If basic pay must be 50%, why is PF capped at 1,800?
Payroll rules are changing in India as EPF vs labour codes reshape salary structures and PF calculations. While basic pay norms rise, EPF contributions remain capped at 1,800, impacting take-home pay and retirement planning choices.
New rules under the Income Tax Act 2025 are set to curb tax evasion by limiting cash transactions. Individuals cannot receive over Rs 2 lakh in cash from one person daily. Loans, deposits, and repayments exceeding Rs 20,000 must be cashless.
Are super top-up plans becoming redundant?
While stacking policies was once the ultimate cost-saving hack for medical emergencies, a shifting market has quietly changed the math for policyholders.
Income Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exempt Income Schedule. This allows taxpayers to voluntarily disclose non-taxable receipts that don't fit specific categories, like rural agricultural land sales or gifts from relatives. Experts advise this proactive reporting to prevent potential tax notices and mismatches with departmental records, especially for substantial transactions.
The 8th pay commission has multiple state visits and other meetings scheduled in July 2026, with plans for more consultations with employee groups, unions and stakeholders across states and union territories in due course.
Jindal Stainless appoints former Adani Energy executive Kunjal Mehta as CFO
Jindal Stainless, India's leading stainless steel maker, has appointed Kunjal Mehta, formerly of Adani Energy Solutions, as its new Chief Financial Officer, effective June 25. Mehta, a seasoned finance professional with extensive experience in corporate finance and value creation, is expected to bolster the company's financial strength and growth. Jindal Stainless is currently expanding its production capacity and global reach.
India at cusp of 'snacking renaissance'; L Catterton bets on healthy snacking, branded foods
Expressing enthusiasm for India's rising consumption trends, L Catterton zeroes in on the healthy snacking and branded foods market. Having launched its first fund dedicated to India, the firm has made three key investments lately. Executive Chairman Sanjiv Mehta emphasizes the importance of transitioning from unbranded to branded products, predicting a resurgence in Indian snacking habits while calling for heightened investments in food innovation to cultivate globally recognized brands.
How brands reach business leaders: The power of credibility, context, and visibility
Business leaders discover brands through trusted environments, meaningful industry conversations, and credible platforms, not just advertisements. Explore why context has become a competitive advantage for organisations looking to build influence among India's key decision-makers.
Buying health insurance? One overlooked document can tell you what brochures wont
Irdai-mandated product-wise NL-47 disclosures reveal claim settlement, complaint rates, renewals and more, helping buyers compare health insurance plans beyond brochures and marketing claims.
How much should you invest through SIPs to build Rs 1 crore? Use this calculator
Learn how to calculate the monthly investment needed to build a Rs 1 crore corpus using Excels PMT function or a manual formula. The guide explains assumptions, calculation steps, and how changing returns, goals or timelines affects required investments for better financial planning.
Employee groups are demanding merger of Dearness Allowance with basic pay to increase monthly salary. Here's what the Finance Ministry has clarified about higher basic pay, changes to salary structure and DA
TPG acquires Aseem Infrastructure from NIIF with GIC, ICICI backing
Global private equity firm TPG is acquiring a full stake in Aseem Infrastructure Finance, a leading sustainable infrastructure debt financier. Partnering with Singapore's GIC and ICICI Bank, TPG's climate investing platform will take over the company, which has funded significant renewable energy and power transmission projects. Aseem Infrastructure, founded by NIIF, has disbursed over Rs 40,000 crore in loans, contributing to substantial greenhouse gas emission reductions.
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.
Five smallcap mutual funds delivered annualised returns of up to 27% over the past three years, led by Bandhan Small Cap Fund. While some active and passive funds outperformed, several well-known schemes lagged. Investors should select funds based on risk appetite, investment horizon and financial goals rather than past returns alone.
EPF vs VPF under new EPF Scheme 2026: Here's how employee and employer contributions will work
EPFO: The EPF 2026 Scheme largely retains existing EPF contribution rules, with both employees and employers continuing to contribute 12% of wages, subject to the statutory wage ceiling. It also preserves the VPF framework, allowing employees to make higher voluntary contributions without requiring employers to match them, while offering flexibility to discontinue them later.
Gold drops 30%, silver plunges 54% but history shows 2026 correction isnt the deepest yet
Gold and silver have fallen sharply from their record highs in 2026, with gold down about 30% and silver by 54%. However, historical cycles show the current declines are not the deepest, and the time correction is still pending.
EPFO's 1,800 EPF contribution cap explained: Who benefits more employees or employers?
The EPF Scheme, 2026 introduces clearer guidelines on provident fund contributions, capping mandatory payments at 1,800 monthly. While employees benefit from increased take-home pay and flexibility, they may risk a smaller retirement fund if they don't opt for additional voluntary contributions.
Sunsure Energy secures Rs 262 cr project financing from FMO, Axis Bank
Sunsure Energy has secured a significant Rs 262 crore financing for its 75 MWp open-access solar project in Tamil Nadu. Dutch development bank FMO is leading the funding, with Axis Bank contributing approximately Rs 71 crore. This marks FMO's debut in India's Group Captive C&I renewable energy sector, aiming to power commercial and industrial clients with clean energy.
Immuneel Therapeutics collaborates with Arogya Finance to unveil a zero-cost EMI scheme for advanced cancer treatments, providing support of up to Rs 25 lakh. This effort is a segment of Immuneel's Saksham Patient Access Program, letting eligible patients benefit from interest-free installments for as long as 12 months, thereby reducing financial pressures and facilitating prompt access to essential therapies for those in need.
