PhonePe SBI Card SELECT BLACK users will see changes to the card’s reward points programme from July 1, as SBI Card introduces monthly caps on reward earnings across spending categories and expands the list of transactions that will no longer qualify for rewards. According to a communication, reward points earned on eligible PhonePe spends and…
The income tax return filing season for FY 2025-26 (AY 2026-27) is now underway, with ITR-1, ITR-2 and ITR-4 available on the Income Tax Department’s e-filing portal. While many taxpayers are still waiting for Form 16, eligible individuals can start filing their returns ahead of the July 31 deadline. For those with foreign assets, overseas…
West Bengal government employees could see movement on long-pending dearness allowance (DA) dues and future salary-related benefits after employee representatives said Chief Minister Suvendu Adhikari assured them that the Supreme Court’s directions on DA payments would be implemented. The assurance came during a meeting between the state government and leaders of the Joint Struggle Forum…
Gold and silver prices edged lower on Tuesday (June 2) as investors monitored developments in the West Asia and awaited key US economic data and comments from Federal Reserve officials for clues on the interest-rate outlook. COMEX gold futures were trading at $4,495.20 per ounce, down 0.25% from the previous close, while spot gold was…
Public sector lender Indian Bank Ltd on Monday (June 1) revised select benchmark lending rates after a review by its Asset Liability Management Committee (ALCO), with changes in Marginal Cost of Funds-based Lending Rate (MCLR) and Treasury Bills Linked Lending Rates (TBLR), effective June 3, 2026, while keeping key policy-linked rates unchanged. “…we have to…
India’s insurance sector stands at a defining moment. As the country moves towards the vision of Insurance for All by 2047, the focus is shifting towards affordability, accessibility, digital innovation and deeper financial inclusion. In Episode 1 of Insuring Lives, Securing India – Insurance for All, presented by Kotak Life in association with CNBC-TV18, leaders…
Kyro Capital Private has launched the Kyro India Opportunities Fund – I, a ₹100 crore target corpus growth-stage private equity fund focused on pre-IPO investments in Indian companies. The fund is registered as a SEBI Category II Alternative Investment Fund and is managed by Kyro Asset Management Private Limited, the asset management arm of the…
60% of Indian travellers are planning domestic holidays, while 85% are likely to buy travel insurance, reflecting a shift toward more cautious and financially prepared travel decisions, according to the Allianz Partners Global Travel Confidence Index 2026, conducted with Ipsos. The report shows that India continues to rank among the most travel-enthusiastic markets globally, with…
The Department of Financial Services (DFS), under the Ministry of Finance, has launched a common landing portal for unclaimed financial assets to help citizens search and trace dormant money across the financial system. Developed in collaboration with PSB Alliance, the portal aims to bring unclaimed bank deposits, insurance proceeds, shares, dividends and mutual fund balances…
Gold and silver prices in India declined sharply on Monday, June 1, tracking weakness in global bullion markets amid a stronger US dollar, rising crude oil prices and heightened geopolitical tensions. Gold fell nearly 1% to move below the ₹1.60 lakh per 10 grams mark. Silver contracts also came under pressure, hitting an intraday low…
