ITAT: TDS Credit Must Follow Income Assessment
The Mumbai ITAT ruled that if income from Form 26AS is taxed, the taxpayer must get TDS credit even without filing a return, preventing double taxation.
Category : Banking
PSB Performance Review Meeting Called by Finance Ministry
The finance ministry has called a meeting of PSB heads on May 29 to review credit flow to agriculture and MSMEs, financial performance, and banking operations amid the Middle East crisis.
HDFC Bank Denies Wrongdoing in Rs 45 Crore Payment to MSRDC
HDFC Bank refutes allegations of wrongdoing in a Rs 45 crore payment to MSRDC, causing a slight dip in its share price. The bank clarifies the payment was part of a legitimate transaction.
Institutional Investors Bid Rs 19,000 Crore for Coal India
Institutional investors placed bids worth Rs 19,000 crore for Coal India shares on the first day of the government's offer for sale, subscribing over eight times the reserved portion.
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Rupee Flat at 95.68 Against US Dollar
The Indian rupee closed almost unchanged at 95.68 against the US dollar on Tuesday, edging up 2 paise from the previous close amid mixed cues from global markets.
ITR-2 Filing for AY 2026-27 Now Open on e-Filing Portal
Income Tax Department has enabled online filing of ITR-2 for AY 2026-27 on the e-Filing portal. The form is for individuals and HUFs without business income but with capital gains.
Healthcare Stock Hits 52-Week High Amid Market Volatility
A healthcare stock surged to a 52-week high despite market volatility. The company's strong fundamentals and positive industry outlook drove investor interest.
HDFC Bank shares fall 2% on payment allegations
HDFC Bank shares dropped 2% after a report alleged improper payments of Rs 45 crore to a state agency for deposits. The bank denied wrongdoing, citing strong internal controls.
Court Denies Bail to Builder in NRI Cheating Case
A Gurgaon court denied bail to builder Devender Pandey for allegedly cheating an NRI of Rs 87.5 lakh in a commercial property deal, citing deliberate deception and criminal conspiracy.
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Samsung Union OKs Wage Deal, Avoids Strike; Chip Bonus Set
Samsung's union has approved a wage agreement to prevent a strike, which includes a 10.5% profit bonus pool for chip division workers, ensuring stability.
Rs 200 Crore IDFC Scam: Who is Nalini Malik, Chandigarh Smart City CFO
Nalini Malik, CFO of Chandigarh Smart City, is in CBI custody for a Rs 200 crore IDFC scam. She is accused of misappropriating funds meant for smart city projects.
JP Power Stock Surges 18% Amid Heavy Volumes
JP Power share price surged 18% on May 27, 2026, amid heavy trading volumes. The stock hit an intraday high of ₹18.50, driven by strong investor interest and positive market sentiment.
PM Modi Urges Indians to Avoid Gold for Year Amid Economic Uncertainty
PM Modi urged Indians to avoid buying gold for a year to protect the rupee. Gold prices hit ₹1,55,180/10gm as import duty rose to 15%. Experts suggest lighter jewellery, alternatives like silver and ETFs.
Coal India Share Falls Over 6% as OFS Opens; Check Price
Coal India share price fell over 6% on Wednesday as the government's two-day offer for sale opened with a floor price of Rs 450 per share. The OFS aims to raise around Rs 7,000 crore.
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Banks Closed in Multiple States for Eid-ul-Adha Today
Banks in several Indian states are shut today for Eid-ul-Adha. Customers should check local schedules as holidays vary. Digital banking remains available.
Stock Market Holiday May 2026: NSE, BSE Closed for Bakri Eid
Indian stock markets NSE and BSE remain closed on May 27, 2026, for Bakri Eid (Eid-ul-Adha). Trading resumes on May 28. Check full holiday calendar.
Irdai Links Executive Pay to Customer Outcomes
Irdai directs insurers to link executive performance and pay to customer outcomes, transparency, and governance, moving beyond financial metrics.
Cash logistics firms seek fee hike as costs surge
Cash logistics companies have approached banks seeking measures to offset rising costs due to fuel inflation, wage hikes, and compliance expenses, warning of a 15-20% cost increase.
Forex Trader Robbed of Rs 25.9 Lakh in Pune Pepper Spray Attack
A forex trader was robbed of Rs 25.9 lakh after being sprayed with pepper by four men in Dhankawadi, Pune. Police are investigating CCTV footage.
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Consumer Commission Orders Dell to Refund Laptop Cost
Ahmedabad consumer commission orders Dell India and retailer Infinity Retail to refund Rs 62,730 for a defective laptop, plus Rs 25,000 compensation for mental harassment.
Kolkata Police Register Three Financial Fraud Cases Totalling Over Rs 89 Lakh
Kolkata Police register three separate financial fraud cases in 48 hours, involving fake trading apps and partnership conspiracy, totalling over Rs 89 lakh.
Three Women Bank Staff Arrested in Rs 6.88 Crore Loan Fraud
The economic offences wing arrested three women employees of a public sector bank for a Rs 6.88 crore loan fraud involving forged documents and 282 fake borrowers in Bhubaneswar.
ATM Card Swap Frauds in Ahmedabad Cheat Victims of Rs 1.4 Lakh
Two separate ATM card swap frauds in Ahmedabad have resulted in losses of Rs 1.4 lakh. Police have registered cases against unidentified suspects in both incidents.
Goa Cyber Cell Arrests Man for Rs 2 Crore Investment Fraud
Goa police arrest a man for cheating a Margao resident of Rs 2 crore via a fake trading app 'Trendlytic', promising high share market returns.
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Couple Arrested in Rs 23 Crore Investment Fraud in Jalgaon
Jalgaon police arrested Sandeep and Neha Narvekar for defrauding 279 investors of over Rs 23 crore in a Ponzi scheme promising high returns from stock market investments.
Sawantwadi station to be renamed after Madhu Dandavate
Maharashtra cabinet approves renaming Sawantwadi railway station as 'Lokmanya Madhu Dandavate Railway Terminus' in honor of the Konkan Railway architect.
Man booked for bank fraud with fake gold in Padubidri
Padubidri police have registered a case against Rajeev Kalayathinalkuzhiyil Kuttappan for allegedly cheating a private sector bank by pledging fake gold ornaments and availing a loan of approximately Rs 3.5 lakh.
Bank Deposit Rates Likely to Rise as CD Costs Surge
Certificate of deposit rates jumped 60-70 basis points in May, signaling tighter liquidity and potential increases in retail deposit rates, even without immediate RBI policy rate hikes.
Govt to Sell Up to 2% in Coal India via OFS Wednesday
The Indian government will sell up to 2% stake in Coal India through an offer for sale starting Wednesday, aiming to raise funds as part of its disinvestment target of Rs 80,000 crore for FY27.
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Coal India OFS: Govt to Sell 2% Stake at Rs 412/Share
The Indian government will sell up to 2% stake in Coal India via an Offer for Sale (OFS) with a floor price of Rs 412 per share. The OFS opens on Wednesday, as per PTI reports.
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