Her son died in 2013, LIC rejected all 5 insurance claims saying he hid diabetes; 12 years later, Mumbai mother wins Rs 61.5 lakh plus 9% interest payout

The key issue in deciding the claims under the final two policies was the actual date on which LIC received the first premium. Life Insurance Corporation (LIC) of India has been ordered to pay Rs 60 lakh cumulatively after a woman’s claim was rejected following her son’s death. The National Consumer Disputes Redressal Commission has…

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Gold, silver price prediction: Will gold drop to Rs 1.4 lakh/10 gms? Check outlook on September 3, 2026

MCX Gold has extended its decline from the previous week, continuing to trade lower through the current week. Gold and silver price prediction today: Gold prices are falling but buying on dips is the recommended strategy this week, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group, adding that silver prices will…

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High-value tech imports a worry: Auto cos

India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies New Delhi: India’s auto industry is warning that its next big vulnerability may not be vehicle production, but dependence on imported high-value technologies, with the chiefs of Hyundai Motor India and Maruti Suzuki calling…

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Canada fund buys 24% in tower firm for $1.3bn

Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust MUMBAI: Canada’s La Caisse (formerly CDPQ) has bought a 24% stake in Brookfield-backed Altius Telecom Infrastructure Trust for about Rs 12,100 crore ($1.3 billion). Brookfield and its entities will remain the largest shareholder in the company with a 37%…

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A couple sold gold for Rs 20 lakh to buy a home, another family got Rs 80 lakh for a US degree and business: How Indians are unlocking value of idle gold sitting in their lockers

For many Indians these days, the real value of gold may lie not in keeping it locked away, but in unlocking it. They say old is gold, and indeed old gold is turning into a golden opportunity for families in India as prices of the yellow metal rise, yielding an asset that is now increasingly…

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India draws record $127 billion through forex deposits: RBI

India mobilised a record $127.23 billion through foreign-currency deposits under a special central bank programme aimed at strengthening the country’s foreign-exchange liquidity, highlighting the role of the overseas Indian community in supporting the economy during periods of market stress, the Reserve Bank of India said on Wednesday.Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounted for…

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He got Rs 30 lakh salary but missed ITR filing after changing jobs due to delayed Form 16; Income Tax department imposed Rs 3.74 lakh penalty, how taxpayer won relief from ITAT

Although the Form 16 was not available to him, Aggarwal’s Form 26AS contained the details of the TDS that had been deducted. Switching jobs comes with the need for increased vigilance on the income tax front. But what if your Form 16 is delayed and you are unable to file your tax return in time…

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Uber Job Cuts: Uber lays off 3,300 employees as it restructures for faster growth

File photo: An Uber logo is displayed at the company’s headquarters in San Francisco (Picture credit: AP) Uber Technologies will cut about 3,300 jobs, representing roughly 10% of its global workforce, as part of a major restructuring aimed at reducing management layers and reallocating resources towards its core ride-hailing, delivery and robotaxi businesses.The job cuts…

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