A few years ago, a friend faced a sudden job loss in Mumbai. And with the high rentals in Mumbai, clubbed with the astronomical cost of living in general, life became tough. So, with rent due and not much savings to fall back on, he maxed out his credit card, paying huge sums in interest
If you are planning a long-term investment in mutual funds and are looking for a fund that can give returns of crores over time, then ICICI Prudential Multicap Fund can be a strong option for you. This is the oldest scheme of ICICI Prudential Mutual Fund House, which was launched in October 1994. So far
The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to reports, the Group of Ministers (GoM) constituted on insurance matters may recommend full GST exemption on life insurance and health insurance policies of senior citizens, reiterating its previous recommendations. Ahead
Two weeks after opening the ITR filing for AY 2025-26, the Income Tax Department on June 10 released the Common Offline Utility (COU). Offline utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax Department. The Income Tax Department often releases utilities in multiple phases to ensure smooth rollout, gradual
Mutual funds in India are expected to increase their investments in short-term corporate bonds in the coming weeks, buoyed by a surge in inflows and surplus liquidity, according to fund managers. In May 2025, corporate bond funds recorded net inflows of ₹119.8 billion (approximately $1.40 billion)—the highest in two years and more than triple the
The global uncertainty and geopolitical tension including the Operation Sindoor has led to significant investor caution across the mutual fund industry. The inflows to equity funds dropped sharply in May to Rs 19,013 crore — the lowest level since April 2024 — according to data released by the Association of Mutual Funds in India (AMFI). Additionally
The Department of Financial Services (DFS) has directed public sector banks (PSBs) to focus on selling insurance products along with their core banking objective, according to a CNBC TV report. Acknowledging the importance of public sector banks to meet ‘Insurance for All by 2027’ target, the DFS has asked PSU lenders to focus on insurance
If you’re planning to take a home loan, this could be a good time for you. The Reserve Bank of India (RBI) made a significant cut of 0.50% in the repo rate on June 7, bringing it down to 5.5%. Since February 2025, the RBI has reduced the repo rate by a total of 1%.
It seems that long waits and weeks of uncertainty after filing income tax returns (ITRs) have become the thing of the past, at least for many individual taxpayers. This year, many taxpayers are receiving their income tax refunds within mere hours of e-filing their income tax returns. This is a major shift from past years
The Mumbai Metropolitan Region Development Authority (MMRDA) has deposited Rs 560.21 crore with the Registry of the Bombay High Court in an arbitration matter that involved Mumbai Metro One Private Limited (MMOPL). MMOPL, a subsidiary of Anil Ambani-promoted Reliance Infrastructure (R-Infra), is a joint venture between the company and MMRDA. While Reliance Infra holds 74
Aditya Infotech IPO (CP Plus) wants to raise Rs 1,300 crores. The issue is a combination of fresh issue of 0.74 crore shares totalling to Rs 500 crore and an offer for sale of 1.19 crore shares aggregating to Rs 800 crore. It has already been subscribed to over 2 times at the end of
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under
IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike
