Bajaj Finance has raised interest rates on its fixed deposits (FDs) by up to 45 basis points for select tenures, with revised rates coming into effect from May 1. The company has increased the rate for the 31–60 months tenure by 45 basis points to 7.40% per annum for general customers. For senior citizens, the…
The Pension Fund Regulatory and Development Authority PFRDA has clarified the charge structure for Central Recordkeeping Agencies (CRAs) under its regulated pension schemes, setting out revised rules on annual maintenance charges (AMC), dormant accounts and PRAN-related fees. In a circular issued on April 29, the regulator stated that the AMC for Tier II National Pension…
Union Mutual Fund on April 30 announced the launch of an investment strategy under its Arthaya Specialised Investment Fund (SIF), marking its entry into the Securities and Exchange Board of India’s (SEBI) newly introduced SIF framework. The first offering under the platform, the Arthaya Equity Long Short Fund, is structured to follow a long-short equity…
India’s health insurance industry could be on the cusp of a shift, from paying for hospitalisation to actively helping people stay healthy, if early signs outlined by industry experts translate into broader adoption. S Prakash, CEO – Health Insurance Ecosystem and Strategic Partnerships at the General Insurance Council, said that the current model, largely built…
Federal Bank has approved the acquisition of a select portfolio of retail credit cards from Standard Chartered Bank, India, through a deed of assignment, the bank said in a regulatory filing on April 30. The decision was taken by the Board of Directors at its meeting held on April 30, in line with Regulation 30…
Gold and silver edged higher in domestic trade on Thursday (April 30), with gold rising 0.24% to ₹1.49 lakh per 10 grams and silver gaining 0.7% on the MCX, as investors continued to weigh geopolitical risks in West Asia alongside shifting global macroeconomic signals. The modest uptick in bullion prices comes after a volatile global…
Thomas Cook (India) Limited has expanded its prepaid forex card offering to 28 currencies, adding 16 new global currencies as Indian outbound travel continues to diversify across emerging destinations. With this expansion, the company now offers one of the widest currency portfolios on a prepaid forex card in India. The move comes as travellers prefer…
Property sales by Non-Resident Indians (NRIs) in India follow a tax framework that is structurally different from resident transactions, primarily due to higher withholding requirements and additional compliance steps. The final amount received by the seller is often shaped as much by tax deduction rules as by the sale price itself. TDS framework for NRI…
Most Indians end up paying more tax than necessary simply because they do not plan their investments in advance. The Income Tax Act offers multiple legal ways to reduce your tax burden, but these benefits are often underused. With the right planning, you can save a significant amount in taxes while also building long-term wealth,…
India’s exchange traded funds (ETFs) recorded their highest-ever annual inflows in FY26, with net investments crossing ₹1.8 lakh crore, more than doubling the previous peak, according to a study by Zerodha Fund House. Data sourced from Association of Mutual Funds in India (AMFI) showed total ETF inflows at ₹1.81 lakh crore in FY26, compared with…
