Altiva SIF, the specialised investment fund platform of Edelweiss Mutual Fund, has launched the Altiva Equity Ex-Top 100 Long-Short Fund, a new scheme focused on mid- and small-cap companies outside the top 100 by market capitalisation. The new fund offer (NFO) opened on May 18 and will close on June 1. Units are being offered…
Gratuity eligibility for employees leaving a company before completing five years of service continues to remain subject to differing legal interpretations, creating uncertainty for both employers and employees. Under the gratuity framework, employees are generally eligible for gratuity after completing five years of continuous service with an organisation. However, court rulings over the years have…
HDFC Bank has begun rolling out a series of changes to benefits on its Regalia Gold and Diners Privilege credit cards, reflecting a broader trend in the premium cards segment where issuers are linking rewards and travel perks to higher spending thresholds. The changes, some of which took effect from May 15 and others that…
The governments of Odisha and Bihar have announced increases in dearness allowance (DA) for state government employees and pensioners, with the revised rates taking effect retrospectively from January 1, 2026. In Odisha, Chief Minister Mohan Charan Majhi approved a 2 percentage point increase in DA, raising it from 58% to 60%, according to a statement…
Investors seeking premature redemption of the Sovereign Gold Bond (SGB) 2020-21 Series-VIII tranche are set to receive gains of more than 210% on their investment, excluding the interest earned during the holding period, based on the redemption price announced for Monday (May 18). The redemption price for the tranche has been fixed at ₹16,012 per…
India’s pension regulator has introduced new retirement income schemes and withdrawal options under the National Pension System (NPS), aimed at providing subscribers with more flexibility in receiving post-retirement payouts while continuing to maintain mandatory annuity requirements. In a circular, the Pension Fund Regulatory and Development Authority (PFRDA) said the initiative has been launched in line…
PGIM India Mutual Fund has announced the reopening of subscriptions in three overseas fund-of-fund schemes from May 18, following regulatory headroom available for overseas investments. According to a notice-cum-addendum issued by the asset management company, subscriptions will resume in PGIM India Asset Management’s designated schemes — PGIM India Global Equity Opportunities Fund of Fund, PGIM…
Foreign holidays and overseas travel may soon become more expensive for Indian travellers, with the government actively considering a levy on foreign travel to cushion the economic fallout of the escalating West Asia conflict, CNBC-TV18 has learnt from sources. According to sources, discussions are currently underway at the highest levels of government on imposing either…
The US Senate Banking Committee has advanced the CLARITY Act, a long-anticipated bill aimed at creating a regulatory framework for cryptocurrencies, marking a key step in efforts to bring digital assets under a clearer legal structure in the United States. The bill was advanced with support from all Republican members of the committee, alongside Democrats…
Homebuyers often factor in stamp duty and registration while budgeting for property purchases, but industry experts say a wide range of additional charges can significantly increase the final outgo, often by 10–25% over the base price. GST, parking and premiums drive up base cost Experts said statutory and project-linked charges form a major part of…
