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Market News

Location American Market News for 28 June 2026
Meet 29-year-old techie who worked undercover at Starbucks to launch Matcha House in Manhattan with ₹1.9 crore savings Meet 29-year-old software engineer named Michelle Yeung who worked undercover at Starbucks to launch Matcha House in Manhattan with ₹1.9 crore savings.
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EPFO portal upgrade: What changes for EPF members, what happens to existing claims, when you can file a new claim The EPFO's member and employer portals have been down since June 26 for software upgrades, causing delays in claims processing. Services are anticipated to resume by July 1, 2026. Here's what changes for EPF memb...
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Mumbai IT employee hit with ₹3.36 lakh tax demand after employer fails to deposit TDS - here's what happened next A Mumbai IT professional faced a tax demand of ₹3.36 lakh after her employer failed to deposit deducted TDS. The ITAT ruled in her favor, stating tax demands cannot be raised if TDS is deducted but not remitted. Detail...
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Gifted money to your wife and she invested it in FD, gold or shares? The income may still be taxable in your hands While transferring funds to a spouse may seem advantageous for tax savings, income could be subject to clubbing under Section 64, making it your taxable income. Details here.
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Bought a flat but possession was delayed? Here's what Supreme Court ruled on Delhi homebuyer's case In a recent case, the Supreme Court ruled that homebuyers can claim compensation for delayed possession of their apartments, even after taking possession. Details here.
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ITR filing 2026: Who pays a taxpayer's tax dues after death? Do they have to pay from their own pocket? After a taxpayer's death, their legal heirs or legal representative is responsible for filing ITR on their behalf. Legal heirs are not liable for a deceased taxpayer's tax dues beyond inherited asset value.
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Missed declaring FD income last year? Here's how you can rectify it and what happens if you ignore it Fixed deposits offer safe, assured returns but are taxable under income tax laws. Taxpayers who missed declaring FD interest can file an updated return (ITR-U) within four years, allowing for corrections with varying add...
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Power of compounding: Become crorepati with ₹12,500/month PPF contribution-Here's how you can build ₹6.75 crore corpus Investment planning should align with current finances, risk tolerance, and future goals. The Public Provident Fund (PPF) offers a safe, low-risk option for long-term savings, providing tax benefits and guaranteed return...
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AMFI seeks review of decade-old $7 billion overseas MF investment cap AMFI plans to again approach RBI, Sebi and the government to raise the decade-old overseas investment cap for mutual funds. The industry says a higher limit will give investors greater access to global markets.
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Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold? Bitcoin futures dropped to $58,995 on Thursday, over 50% below last year's peak, with predictions indicating a further decline to around $42,000-$44,000 by year-end. Profit booking across assets and rising AI investm...
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Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act. We explain the eligibility criteria, tax regime details and rules for taxpayers.
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Big changes ahead? IRDAI to soon unveil insurance distribution reform paper The regulator is expected to invite stakeholder feedback on proposed reforms to insurance distribution. The framework is likely to focus on persistency, informed customer choice and balanced regulation while keeping poli...
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What should SIP investors do amid market volatility? From diversification to allocation - Here's what experts said Amid market volatility, we asked experts what SIP investors can do to protect their portfolio. From emphasising continuance and review of portfolio to diversifying asset allocation - here's their advice
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Can I-T dept raise tax over alleged cash paid for property? ITAT clarifies The Mumbai ITAT held that the I-T Department cannot make a tax addition for an alleged cash payment in a property purchase based solely on documents seized from a third party. Such additions must be backed by independent...
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Gold, Silver Rate Today: Check live price of 22K, 24K, 18K gold & silver on 28 June 2026 in Mumbai, Delhi, other cities Gold, Silver Rate Today: Here is how much gold and silver costs in key Indian cities on Saturday, 28 June 2026. Check the price of 18K, 22K and 24K gold and 999 Fine silver in Ahmedabad, Bengaluru, Chennai, Delhi, Hydera...
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Is Indian IT a contrarian call?

livemint.com - 28 Jun 2026 12:04
Is Indian IT a contrarian call? Investors looking to take a contrarian call on the IT sector can do so by using sector or theme-based schemes, but prefer actively-managed diversified schemes where fund managers decide and monitor sector allocations
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8th pay commission: Discussions with employee groups, stakeholders ongoing - Check meeting dates in July 2026 here The 8th pay commission is engaged in discussions with employee representatives to formulate pay recommendations, which will impact around 50 lakh central government employees and 65 lakh retired pensioners.
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How SCSS helps senior citizens earn a ₹20,500 monthly income from ₹30 lakh savings Secure your retirement with SCSS, a government-backed savings scheme offering stable income for senior citizens. This article explains how a ₹30 lakh investment can generate around ₹20,500 monthly income with safety,...
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Dearness Allowance: Teachers' bodies in West Bengal welcome 20% DA hike, want another increase this year - What we know West Bengal has announced a 20% hike in dearness allowance for state employees and pensioners, raising it to 38% effective October 1. Teachers' organizations welcomed the decision but urged faster implementation and ...
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The RBI just published a list of the tricks your bank plays on you New directions on product marketing and sales highlight practices such as bundling and hidden opt-outs, while formalizing safeguards against mis-selling.
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Bank holiday next week: SBI, HDFC, others closed for only one day between 29 June and 5 July; check here UPI and bank apps allow 247 transactions. Banks close on specific Sundays and Saturdays, with online services available during holidays. Customers must verify local branch holiday schedules. 
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