The Central Board of Direct Taxes (CBDT) has enabled taxpayers to view information relating to their foreign assets and income through the Annual Information Statement (AIS) on the Income Tax Department’s e-Filing portal, sources said. The initiative has been introduced to facilitate taxpayers in meeting their compliance obligations and is not intended as a tool…
Gold and silver prices declined in futures trade on Thursday (July 16) as weaker spot demand, profit booking and caution over global economic and geopolitical developments weighed on investor sentiment. On the Multi Commodity Exchange (MCX), gold futures for August delivery fell by ₹499, or 0.35%, to ₹1.41 lakh per 10 grams. Silver futures for…
Under the Employees’ Pension Scheme (EPS) 2026, EPF members become eligible for a monthly pension after completing at least 10 years of eligible service. Members who complete this minimum service can claim an early pension if they exit employment before reaching the age of superannuation, subject to the scheme’s provisions. But what happens if a…
Wealth and asset management firm Neo Group has signed definitive agreements to raise approximately ₹350 crore in a funding round led by Peak XV Partners, the company’s earliest institutional investor. The transaction is expected to close shortly, according to a company statement issued on Thursday (July 16). The fresh capital will support Neo Group’s next…
Taxpayers filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 will now have to furnish a secondary address in addition to their primary address. The change has been introduced across the revised ITR forms as part of the Income Tax Department’s efforts to improve taxpayer communication and ensure more accurate contact details. The revised…
Shriram Asset Management Company (AMC) has launched a Refreshed Fund Opportunity (RFO) for three of its hybrid funds, introducing a revised investment strategy and investment framework across the schemes. The Partner Opportunity Offer Period for mutual fund distributors is open from July 15 to August 7. The refreshed framework covers the Shriram Multi Asset Allocation…
Gopal Balachandran, CFO of ICICI Lombard General Insurance Company, said the insurer remains focused on profitable underwriting and expects to deliver a long-term return on equity (ROE) of 18–20%, despite the impact of large fire claims and the recent Supreme Court judgment on motor third-party liabilities. Balachandran said the company’s core business fundamentals remain unchanged,…
The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has amended its regulations to tighten the collection, management and transfer of Interest Free Maintenance Security (IFMS) funds collected by real estate developers. The move aims to improve transparency, safeguard homebuyers’ maintenance deposits and ensure the money is used only for maintaining common areas and facilities. The…
Banks will remain closed in parts of the country on Thursday, July 16, in observance of regional festivals, including Ratha Yatra and Harela. According to the Reserve Bank of India’s (RBI) holiday calendar, bank branches in three states will not operate, while services will continue as usual in other regions. Customers planning to visit a…
The Railway Board has fixed the interest rate on House Building Advance (HBA) for railway employees at 7.1% per annum for the financial year 2026-27. In an order, the Railway Board said the interest rate will apply to House Building Advances sanctioned between April 1, 2026, and March 31, 2027. The order adopts the Ministry…
