Investments

The bank said it has reduced its one-year Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points to 9.00%, effective July 3, 2025, to make credit more affordable. Source

The Cost Inflation Index (CII) is a number issued every year by the Central Board of Direct Taxes (CBDT). It helps taxpayers adjust the purchase price of certain assets for inflation before calculating long-term capital gains tax. Source

Mehra explained that just like aviation evolved from an adventure sport into a discipline of avoiding mistakes, investing too has changed. “Maybe 50 years ago, you could discover hidden gems. Not anymore. Now information is widely available. The game is not to lose.” Source

The firm applied through its flagship company, Master Capital Services Limited, to act as the sponsor of a proposed asset management company. Source

In India, 24 karat gold traded at ₹9,933 per gram, while 22 karat gold stood at ₹9,105 per gram, and 18 karat gold at ₹7,450 per gram, according to Goodreturns. Source

The firm’s AUM rose from ₹35,180 crore in June 2020, delivering a compound annual growth rate of 34% over five years. As of June 2025, MOAMC manages ₹84,300 crore in active mutual funds, ₹33,600 crore in passive funds, ₹15,000 crore in PMS, and ₹17,100 crore in AIFs. Source

Filing an ITR doesn’t guarantee closure. Notices may still arrive if the tax department detects inconsistencies, high-risk transactions, or underreporting of income. Source

UPS, notified by the Ministry of Finance, came into effect from April 1, 2025. It is a new retirement framework for Central Government civil servants and serves as an optional alternative to the National Pension System (NPS). Source

The six-month window will be open from July 7 to January 6, 2026, as part of the regulator’s effort to ease investing and safeguard investor rights. Source

The fund will be open for subscription from July 4 to July 18, 2025, under a thematic – services category, benchmarked against the NIFTY Services Sector TRI. Source