Finance News

From restaurants to residences: The rise of private chefs at private dos

Affluent households are increasingly replacing restaurant outings with personalised chef-led dining experiences at home, fuelling demand for bespoke menus, convenience and exclusivity

What are the best interest rates senior citizens can get on fixed deposits?

Senior citizens get a higher rate of interest on fixed deposits across public, private, and foreign banks, as well as small finance banks

Bank loans to Reits and Invits to be based on asset cashflow record: RBI

Final norms effective from October 1, 2026, allow bank finance based on operating cash-flow history of underlying assets instead of a three-year track record for trusts

EPFO's overlooked insurance benefit can provide up to Rs 7 lakh cover

EDLI scheme explained: Eligibility, claim process and payout rules decoded

RBI opens special window: NRI dollar deposits could earn higher interest

Banks can mobilise fresh FCNR deposits till September 30 under RBI's new swap facility

Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore

The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July

Beyond cake and balloons: Kids, parents, embrace activity-based birthdays

From pool parties and trampoline parks to adventure zones and immersive play arenas, parents are increasingly spending on experiences rather than traditional birthday celebrations

India offers talent, growth opportunities via GIFT city: FM Sitharaman

Union Finance Minister Nirmala Sitharaman said here on Friday that India offers a unique combination of scale, technology, talent and growth opportunities through GIFT City in Gujarat. She chaired a high-level review meeting on GIFT City (Gujarat International Finance Tec-City) and its evolving international financial services ecosystem. GIFT City is India's first operational smart city and International Financial Services Centre (IFSC) located in Gujarat capital Gandhinagar. In her address after the review meeting, Sitharaman said the progress achieved here so far is encouraging, and continued coordination among stakeholders will further strengthen its role in India's growth journey towards Viksit Bharat @2047. Sitharaman highlighted GIFT City's strategic importance in deepening India's integration with global financial markets and facilitating international capital flows into the country supported by globally benchmarked institutional frameworks, regulatory agility and supportive

Govt directs state-run banks, insurance firms to cut costs, shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

Buying a home? UP regulator lists 6 steps to check property's legality

UPRERA advises people to verify land title, complaints against builder and project progress before booking homes

Austerity and symbolism: Matching intent with action amid crises

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows

Aadhaar eases enrolment for children, vulnerable groups, Indians abroad

UIDAI updates regulations to simplify Aadhaar access for children and vulnerable groups while expanding the list of accepted documents

Quick refunds, simpler filing: Income Tax dept explains impact of new law

Department moves to automated refunds as the 2025 Act prioritises simplified compliance and reduced litigation

SBI chief flags rising risks from rapid growth in digital finance

State Bank of India Chairman C S Setty on Monday cautioned that rapid growth in digital finance, platform lending and data-driven underwriting is creating new vulnerabilities in the financial system, and said resilience must evolve alongside innovation. Speaking at the CII Annual Business Summit, Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems. He said as the banking system undergoes technological transformation, India's financial architecture would have to remain resilient with trust embedded in all innovation. "As India's financial system expands in scale and complexity, trust must remain its foundational principle. Innovation without trust cannot sustain itself. The rapid growth of digital finance, platform lending and AI-driven underwriting creates new opportunities but also new vulnerabilities," he said at a session on 'The Future of Financing'. Setty warned t

Flexi-cap vs large & mid-cap funds: Diversification or hidden overlap?

Flexi-cap vs large & mid-cap funds: where diversification ends and overlap begins, and how investors can balance both

Co-owned property split? Experts explain why it's easier said than done

Co-owned property exit? Experts explain why selling your share rarely brings a clean break and disputes often follow

EPFO can't reject higher pension claims for employer lapses: Bombay HC

Court's order means the social security body must independently verify retirement claims using all available evidence rather than penalising workers for their firms' administrative failures

RBI norms may raise NBFC upper layer asset share to 70%, says CareEdge

RBI's proposed SBR framework changes may significantly expand NBFC upper layer coverage, boosting asset share to nearly 70 per cent and strengthening systemic oversight

RBI liberalises branch rules for NBFCs, allows expansion without nod

RBI has eased branch expansion norms for NBFCs, allowing them to open branches without prior approval while retaining restrictions for weaker deposit-taking entities

LIC should have innovative campaigns, products for young people: DFS secy

DFS Secretary M Nagaraju urged LIC to strengthen digital capabilities and design products for younger customers to drive insurance adoption and engagement