
Reliance Industries aims to raise ₹10,000 crore (~$1.04 billion) through a 10-year note sale with a 7.90% annual coupon. This strategic move highlights Reliance's ongoing efforts to strengthen its financial position and support future growth initiatives. Investors are keenly watching this development as it reflects the company's commitment to capitalizing on market opportunities.
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"Looks like Reliance is gearing up for a financial boost!"
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Starting October 1, 2026, buying property from NRIs simplifies as buyers can use their PAN instead of needing a separate TAN for TDS. This change streamlines tax reporting and payment, making it easier for resident individuals and HUFs to invest in immovable property. The new Form 141 will facilitate this process, enhancing the overall experience for property buyers.
Bank unions are striking from Sept 28-30, demanding a five-day work week and pension reforms. This action coincides with the crucial half-yearly closing on Sept 30, impacting provisioning and treasury operations. Banks will remain open on Sept 27 to mitigate disruptions caused by the strike.
IRDAI's new reforms aim to claw back commissions on mis-sold insurance policies. This initiative links salespersons to their policies and enhances consumer transparency by making mis-selling records public, empowering buyers with crucial information.
Corporate NPS is crucial for India's retirement savings, yet only 5-6% of eligible employees participate. To enhance participation, changing the default settings could be key. This shift could unlock tax benefits and improve long-term returns, making retirement planning more accessible for private-sector workers.