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Banking

Key features to evaluate when selecting a suitable savings bank account

Choosing the right savings account requires evaluating multiple factors including interest rates, minimum balance requirements, and digital banking features. Account holders must also review associated debit cards and fee structures to ensure the product matches their personal financial needs.

Effective Not specified in the update

For professionals: Financial advisors and chartered accountants should assist clients in mapping their liquidity requirements against the features provided by various banking institutions. · Account holders should review their current banking arrangements, analyze fee schedules, and verify minimum balance stipulations to avoid unexpected charges.

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Taxguru9m ago 1 min
Business

Daksham Growth Ventures secures Rs 125 crore for initial close of new consumer fund

Daksham Growth Ventures has successfully completed the initial close of its first consumer-focused fund by securing approximately Rs 125 crore. The vehicle is structured as a Category II Alternative Investment Fund with an overall target corpus of Rs 150 crore. It plans to deploy between Rs 5 crore and Rs 20 crore into early-growth direct-to-consumer and business-to-business-to-consumer companies.

Effective Not specified in the update

For professionals: Daksham Growth Ventures secured approximately Rs 125 crore in the first close of its maiden consumer fund structured as a Category II Alternative Investment Fund. · The fund has an overall target corpus of Rs 150 crore and plans to deploy between Rs 5 crore and Rs 20 crore into early-growth direct-to-consumer and business-to-business-to-consumer companies. · Advisors should note that Alternative Investment Funds operate as professionally managed pools of capital from institutional and high-net-worth investors providing structured equity support and operational guidance.

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ET Industry24m ago 1 min
Economy

Tyre manufacturers demand zero-duty natural rubber imports amid soaring domestic prices

Tyre manufacturing associations are urging the government to permit duty-free imports of natural rubber as domestic procurement rates touch ₹300 per kilogram. Industry representatives state that local output falls short of actual demand, putting continuous production and export competitiveness at risk.

Effective Not specified in the update

For professionals: Monitor upcoming trade policy announcements, import duty exemptions, or quota notifications regarding natural rubber imports for auto-ancillary clients. · Advise businesses heavily reliant on rubber inputs to review their inventory financing strategies, hedging mechanisms, and supply chain contracts.

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Hindu BusinessLine24m ago 1 min
Investment

Tata Gold Exchange Traded Fund yields 17.50% over one year and sixty percent across three years

Tata Gold Exchange Traded Fund generated a seventeen point five zero percent return for lump-sum investors over a single year. The fund has achieved sixty percent total returns within three years since its initial launch, attracting investor attention during the festival season.

Effective Not specified in the update

For professionals: Financial advisors should examine portfolio asset allocation, expense ratios, tracking error, and liquidity before committing capital to bullion funds. · Professionals should track upcoming market trends and gold price volatility indicators across domestic commodity exchanges.

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LiveMint Markets29m ago 1 min
Global Finance

Understanding How Falling Stock Prices Impact Everyday Financial Lives and Markets

Stock market index declines are not limited to financial professionals and can impact everyday consumers and investors. Changes in benchmarks like the FTSE 100 carry practical implications for personal wealth and economic conditions.

Effective Not specified in the update

For professionals: Investors and financial advisors should review asset allocation strategies and maintain diversified portfolios to weather potential volatility. · Keeping informed about macroeconomic indicators helps stakeholders anticipate shifts in market sentiment and plan appropriate defensive measures.

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BBC Business31m ago 1 min
CA Corner

Cholamandalam Financial Holdings Records Twenty Five Percent Jump in Quarterly Net Profit

Cholamandalam Financial Holdings Limited posted a twenty five percent increase in its consolidated profit for the quarter ending September 30, 2026. The financial results were made public in Chennai on November 6, 2026. Investors and financial analysts can review these unaudited figures to gauge the company's recent performance.

Effective November 6, 2026

For professionals: Examine the tax provisions impacting these consolidated earnings. · Review the complete financial statements and notes to accounts accompanying this filing. · Watch for upcoming analyst briefings and statutory filings for granular breakdowns of divisional performance.

Scrips: Cholamandalam

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Taxguru39m ago 1 min
Income Tax Govt

ITAT removes tax penalty under Section 271B for unverified share trading accounts

The ITAT deleted a penalty levied under Section 271B for failing to audit share trading accounts. The relief was granted because the tax department previously recorded that the taxpayer engaged in no business activity, meaning share transactions could not be classified as business operations.

Effective Not specified in the update

For professionals: Advise clients that share transactions do not require mandatory tax audits under Section 271B if there are no active business operations. · Verify asset classifications and challenge penalties where tax authorities record contradictory positions regarding business presence.

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Taxscan50m ago 1 min
GST

IIM Raipur foundation consultancy for incubation projects attracts 18 percent GST

The Authority for Advance Rulings determined that consultancy services supplied by the IIM Raipur foundation for incubation projects are taxable at an 18 percent Goods and Services Tax rate. The ruling clarifies that general tax exemptions for government entities do not apply merely because a project receives funding from the Ministry of Rural Development.

Effective Not specified in the update

For professionals: Advise clients that consultancy services provided by educational foundations or research entities to government-backed projects are taxable at an 18 percent Goods and Services Tax rate. Review advisory and consultancy assignments undertaken by educational institutions to ensure tax exemptions are not claimed incorrectly based solely on public funding or government sponsorship. Verify that any claimed tax reliefs fit strictly within the narrow statutory exemptions outlined in the tax notifications rather than relying on the source of project financing.

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Taxscan50m ago 1 min
Banking

Kotak Neo releases seven stock recommendations for Diwali Samvat 2083 trading

Kotak Neo released its Diwali report identifying seven stock picks for Samvat 2083, pointing to improving earnings outlooks and reasonable valuations following market corrections. The recommended equities span the defence, jewellery, consumer technology, building materials, banking, chemicals, and IT sectors.

Effective Not specified in the update

For professionals: Financial advisors must review client portfolios and risk appetites before acting on festive brokerage recommendations during the Muhurat session. · Advisors should analyze macroeconomic trends, corporate earnings growth, and sector-specific tailwinds highlighted in institutional notes.

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LiveMint Markets53m ago 1 min
Economy

Orthodox tea prices decline at Kochi auctions amid subdued West Asian demand

Orthodox tea prices fell during the Kochi auctions because buyers awaited a revival in demand from West Asia. Meanwhile, the dust market experienced a downturn, with liquoring tea prices dropping by ₹2 to ₹3 per kilogram.

Effective Not specified in the update

For professionals: Not specified in the update · Not specified in the update

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Hindu BusinessLine53m ago 1 min
Commodities

Gold and silver futures drop on Multi Commodity Exchange ahead of Dhanteras

Precious metal futures declined on the Multi Commodity Exchange on Friday as Dhanteras celebrations began. December gold futures dropped 1.18 percent to ₹1,42,401 per 10 grams, while silver futures decreased 1.24 percent to ₹1,84,815 per kilogram.

Effective Friday

For professionals: Monitor Multi Commodity Exchange futures rates alongside physical bullion prices to advise clients on festive valuations. · Track market liquidity and valuation corrections during peak festive seasons for accurate pricing assessments.

Scrips: MCX

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LiveMint Markets54m ago 1 min
Business

Union Minister Ashwini Vaishnaw Unveils New Semicon Portal Highlighting Small Business Approvals

Union Electronics and Information Technology Minister Ashwini Vaishnaw unveiled the Semicon 2.0 Web Application Portal to bolster India's semiconductor ecosystem. Half of the manufacturing units cleared under the Electronics Components Manufacturing Scheme are small and medium enterprises. The nation is actively shifting from basic assembly to producing critical electronic components and materials domestically.

Effective Not specified in the update

For professionals: Review the newly launched Semicon 2.0 Web Application Portal to understand eligibility and application submission processes under the designated scheme pillars for clients in the electronics manufacturing sector. · Advise eligible clients, including small and medium enterprises and micro, small, and medium enterprises, on leveraging government incentive schemes that offer financial support, capital subsidies, or infrastructure backing to offset setup costs.

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ET Industry54m ago 1 min

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