American Express has opened a Centurion Lounge at Terminal 1 of Indira Gandhi International Airport, as part of a broader trend of credit card issuers expanding airport lounge access and other travel-linked benefits. The lounge is part of the company’s Global Centurion Lounge Collection and will be accessible to eligible cardholders, subject to access policies…
The Income Tax Department has issued a clarification on how tax deducted at source (TDS) will apply to interest earned from banks under the new Income-tax Act, 2025, addressing concerns over whether certain banking institutions would continue to enjoy threshold-based exemptions. What the rule says Under the current framework of the Income-tax Act, 1961, TDS…
GIFT City is being positioned as a route through which non-resident Indians (NRIs) can invest across asset classes, including global markets and commodities, within a defined regulatory and tax framework. How NRIs can invest through GIFT City According to Pavit Laul, Head of Investments at Policybazaar, the process is structured around specific features available to…
The Indian government on Monday kept interest rates unchanged for various small savings schemes, including the Public Provident Fund (PPF) and National Savings Certificate (NSC), for the eighth consecutive quarter starting April 1, 2026. In a notification, the finance ministry said the interest rates on small savings schemes for the first quarter of FY 2026–27,…
Infrastructure Investment Trusts (InvITs) have emerged as a distinct investment option for those seeking regular income. Backed by operating assets such as highways and power infrastructure, they offer a structure where cash flows generated from these assets are distributed to investors. But how should investors approach them, and do they fit alongside traditional fixed-income options? …
Gold prices advanced on Wednesday (April 1), while silver edged lower, as investors tracked developments in the West Asia and awaited cues from the US Federal Reserve on interest rates. On the COMEX, gold rose 1.19% to 4,703 an ounce, gaining 55.50 from the previous close of 4,668.40 an ounce. The metal traded within a…
Gold loans have emerged as the standout story in India’s retail credit market, but the surge is being driven more by rising gold prices than by a proportional increase in borrowers, according to TransUnion CIBIL’s March 2026 Credit Market Indicator report. The report shows that gold loan origination value jumped 108% year-on-year, while volumes grew…
RBI will mandate dynamic two factor authentication from April 1 to curb digital payment fraud, raising issuer liability and pushing banks, fintechs and merchants to adopt stronger security. By Anshul April 1, 2026, 8:07:27 AM IST (Updated) 3 Min Read Ram Rastogi, Chairman, Governance Council at FACE, said the ecosystem is at an inflection point…
As tighter digital payment authentication norms come into force from April 1, Razorpay, an omnichannel payments platform for businesses, has introduced a biometric ‘Passkey’ solution for card transactions, in partnership with Mastercard and with integration from Visa expected soon. The rollout coincides with the implementation of updated two-factor authentication (2FA) requirements by the Reserve Bank of…
A systematic investment plan (SIP) of ₹10,000 in the Kotak Midcap Fund has grown to about ₹1.59 crore over 19 years, according to data released by Kotak Mahindra Asset Management Company. The fund, which completed 19 years of operations, reported a compound annual growth rate (CAGR) of over 20% since inception under its direct plan…
