Investments

ICICI Lombard’s gross direct premium fell 11% year-on-year in June, compared with the industry’s 5% growth, and declined 8% month-on-month against a 5% rise for the sector. For the April–June quarter, its premium rose just 1%, trailing the industry’s 9% growth. Source

In the homes of those who never made it back, the questions aren’t about weather patterns or aviation protocol. They’re about EMIs. Passwords. Policy numbers, notes Sanjiv Bajaj, Joint Chairman and Managing Director, Bajaj Capital. Source

While aimed at tightening tax administration and curbing leakages, tax experts warn that many of these changes are likely to increase the compliance burden on businesses. Source

Bandhan Mutual Fund has announced the launched of its new equity fund that opens for subscription on July 10, 2025. Check details in this story. Source

ICICI Prudential MF has launched ICICI Prudential Active Momentum Fund – a new open-ended equity scheme to take advantage of the earnings momentum trends of the Indian stock market. The scheme closes on July 22. Source

Taxpayers should make only eligible claims as any discrepancy could lead to significant penalties and even legal action. Source

The scheme aims to provide returns in line with the total returns of the Nifty100 Low Volatility 30 Index, subject to tracking error. It does not guarantee returns. Source

These changes come in response to the recent softening of the policy rate by the Reserve Bank of India (RBI) and are aimed at enhancing customer value and supporting credit growth. Source

In India, 24 karat gold was priced at ₹98,330 per 10 grams, while 22 karat stood at ₹90,150. The price of 18 karat gold was ₹73,760, according to data from Goodreturns. Source

In many states, bank branches could not open due to high employee participation. In other areas, although officers opened branches, routine banking transactions—including cash deposits, withdrawals, and cheque clearances—were disrupted. Source