The Income Tax Department has introduced a new set of challans on the e-filing portal from April 1, in line with the Income-tax Act, 2025. The update primarily changes how taxpayers select the relevant year and report payments, while retaining continuity for past dues. According to Mrinal Mehta, Joint Secretary, BCAS, the revised system aims…
The Centre has not yet announced the Dearness Allowance (DA) revision for the January–June 2026 period, leaving the allowance unchanged at 58% for now. The Union Cabinet did not take up the DA proposal in its April 8 meeting. The decision is typically cleared around March each year, making the current delay a departure from…
The Reserve Bank of India (RBI) on Thursday (April 9) released a discussion paper outlining potential safeguards to address the rising incidence of fraud in digital payments, and has invited public comments on the proposals by May 8. The paper comes amid rapid growth in digital transactions in India, with volumes rising 38-fold over the…
Gold and silver prices edged lower on Friday (April 10), as investors reassessed safe-haven demand amid a fragile US–Iran ceasefire and mixed global cues, even as underlying geopolitical risks and inflation concerns kept downside limited. COMEX gold was last at $4,783.70 per ounce, down $34.30 or 0.71% an ounce. COMEX silver slipped to $75.540 per…
PL Asset Management, the asset management arm of PL Capital Group, said India’s macroeconomic strength and healthy liquidity conditions have so far helped absorb external shocks, even as global markets react to energy disruptions and shifting interest rate expectations. The firm said domestic equities have remained relatively steady, supported by institutional inflows and sustained retail…
Kotak Mahindra Asset Management Company has introduced the Kotak Multi Asset Active FOF, an open-ended fund of funds scheme that invests across equity-oriented schemes, debt-oriented schemes, and commodity-based schemes. The new fund offer (NFO) opened on April 8 and will close on April 22. The scheme aims to optimise risk-adjusted returns through active allocation across…
Markets keep shifting, and investors need to stay flexible. In a discussion with CNBC-TV18, Mohit Gang of Moneyfront and Shweta Rajani from Anand Rathi Wealth break down how to handle different market phases, choose mutual funds that match your goals, and build a portfolio that can grow steadily. They also explain when it makes sense…
Capri Global Capital has announced the launch of Tranche I of its public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) for up to ₹500 crore. The tranche comprises a base issue of ₹1,000 million with a green shoe option of ₹400 crore. The NCDs carry coupon rates of up to 9.50% per annum…
Digital reward and incentive platforms provide a way for employees to manage money by linking incentives to savings, investments, and financial planning. While traditionally designed as consumption-led perks, these platforms now allow employees to allocate rewards across expenses, savings, and lifestyle categories. Experts say such tools can support disciplined financial habits and improve day-to-day money…
Axis Mutual Fund has introduced a new open-ended index scheme, the Axis Nifty India Defence Index Fund, which will track the Nifty India Defence Total Return Index (TRI). The new fund offer (NFO) will open for subscription on April 10 and close on April 24. The scheme aims to deliver returns, before expenses, that correspond…
