Taxpayers could face penalties of up to 200% of the tax payable in cases of misreporting income, according to the latest penalty framework released by the Income Tax Department for Assessment Year 2026–27. The updated provisions outline a range of penalties for non-compliance with the Income-tax Act, covering defaults such as delayed filing, non-payment of…
Muthoot FinCorp has launched the third tranche of its secured, redeemable non-convertible debentures (NCDs), with the issue opening on April 24 and scheduled to close on May 8. The company aims to raise up to ₹600 crore under this tranche, within an overall approved shelf limit of ₹3,000 crore. The issue includes a base size…
AU Small Finance Bank has announced an upward revision in interest rates across savings accounts, fixed deposits (FDs) and recurring deposits (RDs), effective April 23. Under the revised structure, senior citizens can earn up to 7.75% per annum on term deposits, while regular customers can earn up to 7.25% per annum on FDs and RDs….
BOBCARD Limited, a subsidiary of Bank of Baroda, has introduced a limited-period lifetime free (LTF) offer on its Eterna credit card for new customers, removing the standard joining and annual fee of ₹2,499. The offer is valid until June 30. The Eterna credit card includes reward-based incentives across categories such as travel, dining, international transactions…
Gold and silver prices declined on Friday (April 24), tracking a cautious global market tone as geopolitical tensions in West Asia and rising oil prices weighed on investor sentiment. On the COMEX, gold was trading at $4,705.80 per ounce, down $18.20 or 0.39%. Silver also slipped, with COMEX silver at $75.11 per ounce, lower by…
With markets moving through frequent shifts in interest rates, geopolitical uncertainty and evolving asset classes, financial experts say the focus for investors should move away from simply what they currently hold to how portfolios should be constructed going forward. They say that diversification is not about adding more assets, but about building portfolios that are…
Gold is no longer just a hedge, but increasingly a value-creation asset, with investors using it for both long-term allocation and short-term gains, according to Siddharth Srivastava of Mirae Asset Investment Managers. Speaking to CNBC-TV18, Srivastava said investor behaviour around gold has undergone a noticeable shift. “When we used to talk two years back, we…
India’s QR-based payments ecosystem, anchored by the Unified Payments Interface (UPI), is being positioned as a global benchmark as it expands through cross-border integrations, with industry voices pointing to both rising international adoption and the need for stronger security and interoperability. Pulkit Ahuja, Founder & CEO of Proxgy, said the next phase of growth will…
Amit Jhingran, MD & CEO of SBI Life Insurance Company, expects the company to deliver steady growth in 2026-27 (FY27), targeting around 14% top-line expansion while continuing to outperform the industry. Despite near-term volatility, he remains confident of meeting growth expectations with consistent execution. He also emphasised a continued focus on profitability and product mix,…
Balanced Advantage Funds (BAFs), also known as dynamic asset allocation funds, are gaining attention among investors looking to navigate volatile markets with relatively lower risk. These funds actively shift between equity and debt based on market conditions, aiming to balance returns and downside protection. According to Varun Fatehpuria, Founder & CEO of Daulat Finvest Private…
