PRINCIPAL
Japanese bond ETFs attract a record $1.5 billion in net inflows in 2026 so far, Morningstar say
This year, Japanese bond exchange traded funds have experienced an unprecedented surge in inflows, driven by increasing government bond yields that enhance the appeal of Japan's debt for investors. European market participants are diversifying their portfolios, moving away from US dollar assets due to growing uncertainties surrounding the dollar's reliability as a safe haven. Consequently, Japanese bonds present an attractive option with solid yields and developed-market risk.
IIFL Finance shares drop 8% as IIFL Home Finance gets Rs 963 crore tax demand
IIFL Finance shares fell sharply on Tuesday after subsidiary IIFL Home Finance received a Rs 963.39 crore income tax demand covering April 2018 to February 2025. The company disputed the additions and said it is pursuing appellate remedies. Separately, IIFL Finance secured a stay on a Rs 475.56 crore tax demand.
Should you refinance your car loan? Here's when switching may save you money
Considering refinancing your car loan? It could result in lower monthly payments and more favorable interest rates. Yet, it's essential to meticulously review any associated costs involved in switching. Extending the loan term may largely increase your total interest expenses down the line. Before making a move, ensure that any financial benefits are significant. Remember to compare the complete interest obligations, not just the monthly installments.
Afcons Infrastructure shares rally 4% after receiving Rs 335.5 crore arbitration award
Afcons Infrastructure shares gained 4.40% after the company received a favourable arbitral award of Rs 335.50 crore from a tribunal in its dispute with Uttar Pradesh Expressways Industrial Development Authority. The award comprises Rs 152.25 crore in principal and Rs 183.25 crore in interest, potentially providing a positive financial impact for the company.
India opens ports, airports to foreign-bound cargo impacted by Strait of Hormuz disruptions
India's ports will temporarily accept foreign-bound cargo diverted from the Strait of Hormuz. Under this measure, unloading, storage, and transshipment will be allowed until October 31, 2026. As per the rules, cargo must remain under customs control and is strictly for onward international transit.
49ers owner Jed York was sentenced after his Ohio arrest. He paid $1,150 and spent a day in jail. Here’s what happened
Jed York, the owner of the San Francisco 49ers, has entered a no contest plea to two misdemeanor charges, resulting in a one-day jail sentence for each charge, running concurrently. Additionally, he was fined $1,150 and mandated to complete an online educational course. York's arrest stemmed from allegations related to an online advertisement soliciting sexual activities. His connections trace back to the Youngstown, Ohio area, where the arrest occurred.
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Indian EVMs not connected to internet, Bluetooth or Wi-Fi: CEC Gyanesh Kumar
Chief Election Commissioner Gyanesh Kumar emphasized the security of Indian EVMs, asserting that they are not connected to the internet. He encouraged students to critically assess information sources, especially on social media. Reflecting on his own journey in public service, Kumar discussed the vastness of India's electoral process and called on young citizens to register and inspire others to participate in voting.
USA faces millions of tons of retired wind turbine blades; engineers from Houston found an unexpected second use for them.
At the University of Houston, engineers are ingeniously repurposing retired wind turbine blades to construct highway overhead sign structures. This sustainable strategy uses strong composite materials, reducing costs and environmental impact. The project offers a forward-thinking solution to an escalating waste challenge, extending the life of valuable materials in infrastructure projects.
Modified & Macaulay duration in bonds: Know how they differ and their use in debt mutual funds
If you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 115th part of this series, Riju Mehta explains the difference between these bond durations.
Married at 15, widowed at 18 with a baby: She became India's first female engineer in 1943, defying all odds
Married at 15 and widowed at 18 with a young daughter, A Lalitha refused to let social expectations decide her future. With her father’s support, she resumed her education and chose engineering so she could become financially independent while raising her daughter. In 1940, she entered the all-male College of Engineering, Guindy, after authorities approved women’s admission. She later became India’s first female engineer, breaking barriers in education and engineering.
UP assembly speaker draws ire for leaving dais during National Anthem at Unnao event
Uttar Pradesh Assembly Speaker Satish Mahana has sparked outrage after footage emerged of him leaving the dais during the National Anthem. Opposition leaders have called for his apology, questioning his respect for national sentiments. In his defense, Mahana clarified that the anthem was not played at the location where he received his guard of honor. This incident unfolded during a principals' council event on Saturday.
India needs a transparent rulebook for the business of influence
India lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI merchant discount rates highlights this significant gap. A proposed Regulatory Advocacy and Market Access Act would mandate disclosure. This act aims to distinguish evidence from advocacy and domestic from foreign interests. Such transparency is crucial for informed policy-making and public trust.
Supreme Court to hear plea on August 24 for CBI probe into alleged Jharkhand civil services exam irregularities
The Supreme Court will hear a plea for a CBI probe into alleged exam malpractices. This petition seeks an independent and time-bound investigation into the civil services examination. It also requests the transfer of the investigation from state CID to the CBI. The plea emphasizes the need for an impartial examination of the entire process. Securing all evidence is crucial to prevent any potential tampering.
Samsung to reclaim top position in smartphone market this year: Counterpoint Research
Samsung is expected to reclaim the top spot in the global smartphone market in 2026, even as a worsening memory-chip shortage drives up component costs and hits overall phone shipments, according to Counterpoint Research.
Rs 4.5 crore retirement corpus: Can you get Rs 4 lakh monthly income without losing your corpus?
For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 cr corpus into mutual funds is a viable option. Utilising a bucket strategy allows for an effective diversification across various fund types—liquid, debt, and equity—facilitating consistent income generation. This tactic not only mitigates tax exposure more efficiently than fixed deposits but also yields tax exemptions on capital gains.
SC relaxes 3-year mandatory law practice norm to one year for entry level judicial exam
The Supreme Court on Friday cut the mandatory legal practice requirement for entry-level judicial service exams from three years to one year, providing relief to law graduates.
Can NRIs open joint FCNR (B) accounts with resident Indian relatives? Know what the latest rules say
Non-Resident Indians are allowed to set up joint FCNR (B) accounts with their resident family members. These accounts must function on a 'Former or Survivor' arrangement for the NRI. Eligible resident relatives include immediate family members and their spouses. The money for these accounts should be sourced from international transfers or existing Indian accounts. Both the principal amount and accrued interest are exempt from taxes and fully repatriable.
Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this ground
For Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner got tax notice for not reporting sale of land; ITAT Ahmedabad cancels tax notice on this ground. Read the article.
Home loan interest rates start at 7%: Check banks offering lowest interest rates on Rs 30 lakh–Rs 75 lakh loans
Home loan interest rates vary based on credit score and other borrower factors. A good credit score is essential for securing a low home loan interest rate. Borrowers should compare banks to find the best home loan interest rates.
Census training programme deferred in Manipur's Imphal West amid protests over NRC demand
Manipur's government has postponed census enumerator training due to ongoing protests. Protesters are demanding a National Register of Citizens update before the census. Teachers assigned to the census face harassment and obstacles during training sessions. The state government also closed educational institutions for three days. This action reflects the prevailing law and order situation in the district.
No takers: Public sector banks put ₹39,000 cr of bad loans up for sale again
Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts.
Consultants of faulty detailed project reports culprits: Nitin Gadkari
"Such poor quality DPR that today on road, 5 lakh accidents occur, and 1.8 lakh deaths, and all have problems of defective DPR," Gadkari said. The minister cautioned contractors against compromising construction quality after winning an infrastructure project. There will be a performance audit in addition to a financial audit, and contractors found wanting will be punished and black-listed, he said. Gadkari said poor-quality DPRs and construction compromises result in economic losses and road accidents.
'You must have at least 10 such schools': CJP's Ashutosh Ranka urges Rajasthan Education Minister to showcase top institutes built during his tenure
Ashutosh Ranka of CJP challenged Rajasthan's Education Minister Madan Dilawar. Ranka requested Dilawar to identify ten finest educational campuses built during his tenure. He plans to visit these schools with his team upon returning from Bengal. This challenge follows a recent circular restricting external visitors from government schools. Ranka stated inspections of dilapidated schools would continue despite potential police action.
Tamil Nadu's Vijay government withdraws order that barred students from Left, CJP protests
Collegiate Education Directorate has directed departments to coordinate joint measures. These actions aim to prevent students and youth from joining protests. Left-wing parties and the Tamil Nadu Cockroach Janata Party are specifically mentioned. Concerned authorities must take appropriate action to discourage participation. Reports detailing the steps taken are also required from officials.
Pia Dandiya, Indian-origin educator who founded school for low-income students, wins Florida Democratic primary; faces Republican ex-Marine Casey Askar in November showdown
Pia Dandiya has clinched the Democratic primary for Florida’s newly redrawn 22nd Congressional District, setting up a contest against Republican Casey Askar in the general election in November. With a campaign centred on her experience as an educator and her vision for progress, Dandiya has secured backing from the Democratic National Committee, marking a significant moment in South Florida’s evolving political landscape.
I-T department officials discuss roadmap for improving services for taxpayers
Senior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducing litigation for the department. Discussions also covered strengthening infrastructure and creating an actionable future roadmap. E-HRMS, service matters, and capacity building were extensively deliberated upon. The conclave concluded with a focus on future departmental functioning and priorities.
Texas Stock Exchange lands first primary listing in milestone
Texas Stock Exchange secured its first primary listings as Texas Capital Bancshares plans to shift two ETFs from NYSE Arca. The milestone strengthens TXSE’s challenge to New York’s dominant exchanges as it expands trading operations and prepares for IPOs.
Tata Sons AGM deferred for lack of quorum, first in group’s history
The annual general meeting of Tata Sons faced an unforeseen adjournment caused by a lack of quorum. This rare incident followed the exclusion of a vital trust that required permissions to participate. The implications for chairman N Chandrasekaran's potential reappointment are now in question as he remains a director until an official meeting can reconvene. Legal reviews of this situation are actively underway.
‘Why hold positions if basics can’t be provided?’ asks spokesperson Ranka as Rajasthan bars outsiders amid CJP's ‘School Thik Karo’ campaign
Rajasthan's education department has restricted outsider school access without permission. This directive follows the Cockroach Janta Party's announced inspection campaign. The CJP plans to inspect dilapidated government schools across nine districts. Volunteers will visit schools over the next two weeks to highlight issues. The group demands action on classroom repairs and threatens a mass movement.
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