Business

The DGTR, in its findings last month, also flagged that major steel-producing economies such as Japan, South Korea and China have capacities far beyond their domestic needs. Source

Earlier, while minors were allowed to open savings account only, now they can open both savings and term deposit accounts. Source

Preparing for your child’s future is one of the most important financial steps you can take as a parent. Source

International Business News: Asian factory activity faced headwinds in June due to US tariff uncertainty and weak global demand, though Japan and India showed resilience. China’s Source

The lower run-off factor will be a relief for banks as the draft norms had proposed an additional 5 per cent run-off factor for retail deposits which are enabled with internet and mobile banking Source

News18 Tamil highlights the importance of writing a will to prevent property disputes. Under the Hindu Succession Act, 2005, daughters have equal rights to their father’s property. Source

India Business News: Chinese smartphone brands are diversifying their manufacturing in India, leveraging local contract manufacturers like Karbonn alongside Dixon Technolo Source

The surge in the banking index was mainly driven by good quarterly performance posted by large private sector banks such as HDFC Bank and ICICI Bank, and on increased buying by overseas investors Source

Kotak says the trend is beneficial for the economy as it “grows domestic risk capital and creates an equity culture”, but he cautioned investors against “excessive exuberance”. Source

India Business News: The Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme, allocating ₹99,446 crore to generate over 3.5 crore jobs within two years Source