Ahmedabad-based financial services company Prudent Corporate Advisory Services expects its mutual fund business to deliver more than 20% revenue growth in the financial year 2026-27 (FY27) despite lower yields following SEBI’s regulatory changes, Chairman and Managing Director Sanjay Shah said. The insurance business is expected to grow even faster. Shah said the decline in revenue…
Gold and silver prices traded lower on Tuesday (July 28) as investors turned cautious ahead of the US Federal Reserve’s policy decision, while a stronger US dollar reduced the appeal of precious metals. COMEX gold was trading at $4,045.20 per ounce, down 0.78%, while COMEX silver slipped 2.16% to $57.445 per ounce in early trade….
In a significant ruling that could influence future motor accident compensation claims, the Supreme Court has held that the mere involvement of a vehicle in a chain of events is not enough to award compensation under the Motor Vehicles Act (MVA). Claimants must establish a clear causal connection between the use of the vehicle and…
The 8th Central Pay Commission has scheduled stakeholder consultations in Chennai and Puducherry as it continues nationwide discussions with Central government employee associations and unions ahead of its recommendations on the next pay revision. According to notices issued by the Commission, it will visit Chennai on September 7 and 8 and Puducherry on September 9….
HDFC Innovation Fund has completed one year since its launch, giving investors an opportunity to assess how the thematic mutual fund has fared in different market conditions. The fund, launched on July 17, 2025, has delivered an annualised return of 11.19% since inception, according to HDFC Asset Management Company (AMC). The returns are based on…
A few simple checks—from your PAN details to bank account information and capital gains reporting—can help you avoid notices, delays and defective ret…Read More 1/10 Claim all eligible deductions: Review the deductions and exemptions available under your chosen tax regime. These may include deductions for eligible investments, health insurance premiums, additional NPS contributions, home loan…
The number of individuals reporting a gross total income (GTI) of ₹100 crore or more in their income tax returns has increased to 576 in the Assessment Year (AY) 2025-26, according to data shared by the Finance Ministry in Parliament. The government also clarified that there is no statutory definition of the term “billionaire” under…
AU Small Finance Bank has revised interest rates on its Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits and Non-Resident External (NRE) fixed deposits, with the move aimed at attracting deposits from non-resident Indians (NRIs). The bank has increased the peak interest rate on FCNR(B) deposits to 7.40% per annum from 7.10% earlier for the 3-4 year…
Paytm has partnered with tax filing platform ClearTax to offer online income tax return (ITR) filing services through its app, with plans starting at ₹11. The service will allow taxpayers to file returns with features such as automated tax data import, broker data integration and assistance in case of income tax notices. The partnership comes…
The Finance Ministry on Monday (July 27) informed Parliament that the government has approved the Reserve Bank of India’s (RBI) proposal to conduct field trials of polymer banknotes in the ₹10 and ₹20 denominations. The ministry said the RBI, with the recommendation of its Central Board, had proposed issuing one billion pieces each of ₹10…
