Do you need to pay tax or file ITR when moving funds from savings bank to NRO account?
Business | Updated: Jan 04, 2026
- Transferring savings to an NRO account does not trigger tax by itself
- Tax depends on where salary is credited and your physical stay in India
- ITR filing is needed if taxable income exceeds the exemption limit
A simple way to pay for big expenses without taking loans
Business | Updated: Jan 04, 2026
- A sinking fund helps manage predictable large expenses without borrowing
- Save a fixed amount monthly for future costs like insurance or school fees.
- Keep sinking fund money separate and accessible for stress-free payments
From silence to shock: Why crude oil could be the next big commodity repricing
Business | Updated: Jan 04, 2026
- Oil prices may be set for a sharp rebound as commodity cycles rotate in 2026
- Gold-to-oil ratio signals oil is historically cheap compared to gold
- Geopolitical risks and OPEC actions could trigger sudden oil price surges
Geopolitical shock in Venezuela may lift gold, silver and oil in first full week of 2026
Business | Updated: Jan 04, 2026
- Gold and silver surged early but retraced sharply as investors booked profits
- US captures Venezuela's president, boosting safe-haven demand and oil prices
- Base metals started the year strong; copper and aluminium hit multi-year highs
Pre-approved personal loans: Why banks push them and when you should still say no
Business | Updated: Jan 03, 2026
- Pre-approved loans offer quick access but may have higher rates and fixed terms
- Banks push these loans for profit, not necessarily best deals for customers
- Carefully assess need and terms before accepting a pre-approved loan offer
Transport ministry proposes Aadhaar-like number for EV batteries to improve traceability and recycling
Business | Updated: Jan 03, 2026
- EV batteries to get unique 21-character BPAN for traceability and recycling
- BPAN will track battery data from production to disposal, aiding transparency
- EV batteries prioritized for BPAN due to high demand and safety concerns
The three-bucket retirement plan is easy to draw, harder to live with. Here’s how to do it
Business | Updated: Jan 03, 2026
- Three-bucket strategy aids in managing income, risk, and inflation during retirement.
- Bucket 1: 3-5 years, Bucket 2: 5-12 years, Bucket 3: long-term expenses
- Periodic bucket movement and tax planning are key for Indian retirees' success.
Old income tax demands make comeback as digitisation throws up legacy cases: Report
Business | Updated: Jan 03, 2026
- Old tax demands from 2005-2011 are resurfacing on the income tax portal
- Interest on unpaid dues has grown to match or exceed original tax amounts
- Taxpayers contest validity, citing no notice or wrong delivery years ago.
US stocks inch higher as chips bump offsets ‘expensive’ S&P 500
Business | Updated: Jan 03, 2026
- S&P 500 rose 0.2%, led by energy and industrials; semiconductors surged 4%
- Micron and Sandisk led gains; Tesla fell 2.6% after weak Q4 deliveries
- CES tech conference and tariff news boosted market sentiment
What to check before a loan app asks for your contacts and photos
Business | Updated: Jan 03, 2026
- Loan apps often request excessive phone data, risking user privacy and safety
- Contacts and gallery access are rarely essential for loan approval
- Check lender credibility and privacy policy before sharing personal data
If your income is uneven, this budgeting approach works better
Business | Updated: Jan 03, 2026
- Budget for your lowest predictable income, not your average month
- Build a buffer to cover essential expenses during lean months
- Pay yourself a fixed monthly salary from your main account for stability
Rs 41,863 crore investment, 33,791 jobs: How Foxconn, Samsung, Tata will power India's mega electronics push
Business | Updated: Jan 03, 2026
- 22 new electronics manufacturing projects approved, Rs 41,863 crore investment
- Projects to create 33,791 jobs, boost local production, cut import reliance
- Apple-linked vendors, Foxconn, Tata, and Samsung approved.
How to use house sale proceeds to buy two flats and pass them to your children tax-free
Business | Updated: Jan 03, 2026
- Section 54 exempts LTCG if adjoining flats form one residential unit.
- You can buy flats jointly with children if you invest the required amount
- Inherited property passes tax-free to children if bequeathed in your will
Move over gold and silver: Copper, aluminium head for monster rally in 2026; Household goods to get costlier
Business | Updated: Jan 03, 2026
- Aluminum and copper prices surge due to supply constraints and strong demand
- Copper-intensive products like appliances set to become more expensive
- Companies plan 5-8 percent price hikes to offset rising metal costs
Do you still have Rs 2,000 bank note? Check what RBI says about its legal validity and how to exchange
Business | Updated: Jan 03, 2026
- Over 98 percent of Rs 2000 notes have been returned since withdrawal in 2023
- Rs 2000 notes remain legal tender but must be exchanged at RBI Issue Offices
- Send notes to RBI via India Post for account credit; bank branch exchange ended.
How your credit limit is decided, and how to ask your bank to raise it without denting your score
Business | Updated: Jan 03, 2026
- Issuers set credit limits based on credit report, score, income, and spending habits.
- Credit limit increases can be issuer-led or customer-requested, impacting credit scores.
- Request a higher limit after months of on-time payments and low utilization.
India's 2026 outlook: Growth drivers and opportunities
Business | Updated: Jan 03, 2026
- Indian equities consolidated in 2025, setting a stable base for 2026 growth
- Policy reforms and fiscal support boosted medium-term growth visibility
- Stock selection will be key as Indian markets shift to a bottom-up phase
Buffett hands over Berkshire CEO role to Greg Abel, says the company can outlive 'any' rival for 100 years
Business | Updated: Jan 03, 2026
- Warren Buffett steps down as Berkshire Hathaway CEO, Greg Abel takes over.
- Buffett remains chairman but will have a quieter, less public role.
- Buffett endorses Abel's leadership and says Berkshire's culture will continue.
The $1.5 trillion question: SpaceX’s IPO could be the biggest ever and Wall Street is already placing its bets
Business | Updated: Jan 03, 2026
- SpaceX's private valuation hit $800 billion after a recent secondary share sale
- SpaceX IPO could reach $1.5 trillion, surpassing Saudi Aramco's record
- Starlink expansion and launch dominance fuel investor interest in SpaceX
‘No plan to change land acquisition policy’: Somanathan flags why mega projects keep slipping
Business | Updated: Jan 02, 2026
- Gov't won't change land acquisition policy for infrastructure projects
- PRAGATI resolved 7,000+ issues, 35% on land acquisition delays.
- 73% of project delays due to land, environment, and right of way issues
Government plans first comprehensive textile sector survey in 2027
Business | Updated: Jan 02, 2026
- Government to launch a detailed textile sector survey in July 2027
- Survey to assess financial health, credit access, and export participation
- Findings to guide future policies on credit, exports, and job creation
Tesla loses EV crown to BYD after second annual sales drop
Business | Updated: Jan 02, 2026
- Tesla sales dropped 8.6% in 2025, falling behind BYD in global EV rankings.
- BYD delivered 2.26 million EVs in 2025, surpassing Tesla's 1.64 million
- Tesla focuses on AI and robotaxi services as EV demand outlook weakens in the US
Info Edge founder Sanjeev Bikhchandani backs Deepinder Goyal over comments on gig economy
Business | Updated: Jan 03, 2026
- Goyal: Gig economy reveals class divides, fosters direct worker-consumer contact
- Bikhchandani calls out "elite hypocrisy" in privileged critics of gig work.
- Goyal warns banning gig work would harm livelihoods, not solve inequality
Agritech firm Arya.ag raises Rs 725 crore from GEF Capital Partners to scale climate-smart farming
Business | Updated: Jan 02, 2026
- Arya.ag raised Rs 725 crore in Series D led by GEF Capital Partners
- Funds to deepen farmer engagement, climate-smart practices, and tech stack
- Arya.ag covers 60% of India’s districts and remains profitable at scale
Andhra Pradesh leads proposed investments in FY26; power sector tops announcements
Business | Updated: Jan 02, 2026
- Andhra Pradesh led proposed investments in India with 25.3% in April–Dec FY26.
- Electricity sector received the highest investment intentions at 22.6% of total
- Top five states accounted for about 68% of total proposed investments
FIIs return as net buyers of Indian equities worth Rs 290 crore, DIIs net buy worth Rs 677 crore
Business | Updated: Jan 02, 2026
- FPIs net bought Indian equities worth Rs 290 crore on January 2, 2026
- DIIs net bought Indian equities worth Rs 677 crore on the same day
- Nifty reached a record high of 26,328, marking its third consecutive gain.
Credit card interest-free period explained: Why two people using the same card can pay interest differently
Business | Updated: Jan 02, 2026
- Credit card interest-free period varies by payment timing and transaction type.
- Partial payments or cash withdrawals incur immediate interest.
- To avoid interest, always pay the full statement balance by the due date
2025 ends on a mixed note: Consumption holds firm, manufacturing momentum softens
Business | Updated: Jan 02, 2026
- Consumer demand stayed strong in 2025, with GST and UPI hitting record highs
- Manufacturing slowed, with PMI at its weakest pace in two years
- Export growth softened, leading to cautious business sentiment for 2026
Rs 1.75 crore gains due to broker's tech glitch: Bombay HC allows F&O trader to keep profit
Business | Updated: Jan 02, 2026
- Bombay HC lets trader keep Rs 1.75 crore profit from accidental margin credit
- Kotak Securities' appeal hearing set for February 4, 2026
- Court says Kotak suffered no loss and can't claim trader's profit
Modern Diagnostic IPO GMP rises as issue subscribed 350 times; allotment likely on Jan 5
Business | Updated: Jan 02, 2026
- Modern Diagnostic IPO subscribed over 350 times, GMP up to 18 percent
- Shares to be listed on BSE SME platform on January 7
- IPO proceeds to fund equipment, expansion, and working capital needs