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RBI guidelines reducing provisioning for project finance are credit positive: Moody’s

The Reserve Bank of India’s (RBI) final guidelines for project finance loans, aimed at managing risks while supporting the viability of projects, are credit positive according to Moody’s Ratings.

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Nvidia CEO Jensen Huang and other top executives sell over $1 billion in company shares: Report

Top Nvidia executives and board members have sold over $1 billion in company stock in the past year, with over half of that in June alone, capitalizing on the AI-driven stock surge. CEO Jensen Huang, for the first time since…

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OpenAI turns to Google’s AI chips to power its products

OpenAI is now renting Google’s AI chips to power ChatGPT, diversifying from its reliance on Microsoft’s data centers and Nvidia’s GPUs. This move aims to reduce inference costs using Google’s TPUs, though Google isn’t providing its most powerful versions. This…

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Zomato founder Deepinder Goyal sets sight on aviation with LAT Aerospace

Zomato’s Deepinder Goyal is venturing into regional air travel with LAT Aerospace, aiming to transform connectivity in India’s Tier 2 and 3 cities. The startup envisions affordable, high-frequency flights utilizing compact airstrips, potentially revolutionizing travel for millions currently underserved by…

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Sanghvi Movers CFO Sham Dattatraya Kajale resigns

Sanghvi Movers CFO Sham Dattatraya Kajale has resigned, effective June 30, 2025, to pursue new professional opportunities. The company has not yet named a successor for the role.

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India poised to emerge as global manufacturing powerhouse: M&M Group CEO-MD Anish Shah

Mahindra Group CEO Anish Shah said India is well-positioned to become a global manufacturing leader, supported by its young workforce, improving infrastructure, and favourable policies. In the company’s 2024–25 annual report, Shah highlighted that despite global challenges, India presents a…

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  • EPFO: Taxation rule on Voluntary Provident Fund — the ₹2.5 lakh VPF threshold, explained

    VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over ₹2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.

  • ₹17L tax refund denied after taxpayer missed ITR e-verification while caring for ill father: Here's what ITAT ruled

    A Delhi taxpayer was denied a ₹17 lakh tax refund due to late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favor.

  • Tamil Nadu: 25% salary hike for TASMAC liquor outlet employees to curb overcharging — See how pay increases

    The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms — curb corruption and overcharging at these stores. Here's all we know…

  • HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI

    HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

  • 8th pay commission: HRA revision, minimum monthly transport allowance, salary increase — Check top demands by AINPSEF

    8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.

  • Top 5 business cycle mutual funds compared: AUM, returns and portfolio strategy

    Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of ₹15,798 crore and has delivered an 18.77% return over the last three years.

  • DA hike: Kerala mulls 2% increase in Dearness Allowance by August for extra salary during Onam festivities

    DA hike: Kerala is considering a 2% increase in Dearness Allowance for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.

  • Form 68 explained: Who should file the new exempt income statement, how it works, can it be revised — all FAQs answered

    The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.

  • What is the active share of a mutual fund

    Active share measures how different a fund's portfolio is from its benchmark index, expressed as a percentage between 0% and 100%.

  • Is a ₹35,000 monthly pension enough in Lucknow? Expert breaks down housing, healthcare, food and daily costs

    Stretching a ₹35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.

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