When two cyclones affect the same region within a short period, assessing insurance claims can become more complicated. With Cyclone Murasu approaching the Andhra Pradesh coast after Cyclone Arnab, homeowners and vehicle owners may wonder how insurers will determine when the damage occurred and whether their policies will cover the losses. The assessment will depend…
By CNBCTV18.com November 2, 2026, 4:25:24 PM IST (Published) Diwali shopping is getting more expensive this year, with prices of appliances, traditional sweets and dry fruits rising amid higher raw material cost…Read More 1/7 Home appliances and electronics become 3-7% costlier | Buying a new television or air conditioner could cost more this festive season….
Gold and silver prices were trading on a mixed note on the Multi Commodity Exchange (MCX) on Monday, November 2, as precious metals attempted to recover from the sharp sell-off witnessed towards the end of October. While silver led the rebound with a stronger gain, gold remained largely unchanged. On MCX, gold futures for December…
Bank of India and Axis Bank have announced festive offers across their retail lending products, with benefits including processing fee waivers, reduced interest rates and concessions on select loans. Bank of India is offering a 100% waiver on applicable processing charges for eligible home loans and four-wheeler loans till March 31, 2027. Axis Bank, meanwhile,…
An increasing number of taxpayers are reporting income from sources beyond their regular salaries, including investments, trading, freelancing and business activities, according to an analysis of income tax returns filed through ClearTax for Assessment Year (AY) 2026-27. Non-ITR-1 returns accounted for 62% of all filings on the platform in AY 2026-27, up from 53% in…
Razorpay has received the final Payment Service Provider (PSP) licence from the International Financial Services Centres Authority (IFSCA) to operate from Gujarat International Finance Tec-City (GIFT City), allowing it to facilitate cross-border money movement under the regulatory framework governing the international financial services hub. The licence follows the in-principle approval granted to the fintech company…
With Dhanteras, Diwali and the wedding season driving gold purchases, households are likely to add to their jewellery holdings. But while buyers carefully compare gold prices, purity and making charges, one aspect that often gets overlooked is insurance. Jewellery purchased several years ago may have cost significantly less than what it would take to replace…
SEBI has recommended the government remove the long-term capital gains (LTCG) tax imposed on foreign investors, two sources with direct knowledge of the matter said, as India looks to galvanise its underachieving equity markets. The Securities and Exchange Board of India (SEBI) has also proposed tax relief for domestic mutual fund investors, suggesting they be…
Digital lending platform Fibe has launched Unified Payments Interface (UPI) services on its app after receiving approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP). The UPI service will be available to consumers across India, including those who are not existing Fibe customers, the company said on…
Four states, Rajasthan, Tamil Nadu, Chhattisgarh and Madhya Pradesh, have announced hikes in dearness allowance (DA) for state government employees and dearness relief (DR) for pensioners ahead of Diwali. The announcements come after the Centre approved a 3 percentage point increase in DA for central government employees and DR for pensioners, taking the rates from…
