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Indian cosmetics brand Colorbar plans IPO in early 2027 after doubling revenue

Colorbar Cosmetics, an Indian beauty brand, plans to launch its IPO in early 2027, projecting revenue to exceed Rs 1,000 crore this fiscal year. Driven by product innovation and retail expansion, the company aims to utilize IPO proceeds to scale…

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India’s smartphone exports soar, surpassing petroleum products, diamonds in FY25

Fueled by government initiatives like the PLI scheme, smartphone exports reached $24.14 billion in 2024-25, marking a 55% increase. This growth has positioned India as a major global manufacturing and export hub for smartphones.

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PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-ready

PhonePe, backed by Walmart, is preparing for an IPO. The company’s revenue heavily depends on its payments business. Financial services contribute a small portion to its total income. Rivals like Paytm generate more revenue from financial services. PhonePe’s insurance business…

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India’s export outlook remains uncertain, trade deficit to widen to 1.2% of GDP in FY26: UBI Report

Union Bank of India’s report indicates India’s trade outlook faces uncertainty due to potential US reciprocal tariffs, projecting a wider current account deficit of 1.2% of GDP in FY26. April 2025 saw a significant widening of the merchandise trade deficit,…

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Global risks loom, but India stands tall amidst Asia’s volatile recovery: Geoff Dennis

​India, of course, we hope they get a trade deal with the US, whatever that means, but India is less vulnerable to pressure on the tariff front than are some of these other markets. And I agree with Rajat in…

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Govt received 70 applications for electronic component manufacturing scheme, 80% from MSMEs

Vaishnaw said that while some of the big players have applied, there has been huge interest in the scheme from small and medium players.

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  • Govt’s hub-and-spoke model for international travel: How will it help airline passengers?

    The government’s hub-and-spoke model will allow airline passengers to check in baggage and complete customs and immigration formalities at spoke city airport (Tier-II and -III cities), and take onward flight from the hub city airport (Delhi or other major cities) to international locations.

  • Bank holiday today? Check if SBI, HDFC, ICICI are closed on 11 July for second Saturday off — RBI calendar here

    Public and private banks across India will remain closed today, 11 July, for the second Saturday holiday. Bank operations will remain suspended nationwide, but online banking services will remain accessible for transactions.

  • Why a same-sex couple is challenging the income tax law that exempts gifts only between spouses? Explained

    The Karnataka High Court has requested the Union government to respond to a petition challenging tax exemptions for gifts between spouses, which currently excludes same-sex couples. Details here.

  • EPS 2026: New withdrawal rules and 20-day claim settlement explained

    With EPS 2026, the pension system for organized sector employees is reformed for transparency and efficiency. It mandates a 36-month wait for withdrawal benefits, enforces a 20-day claim processing deadline, and supports higher pensions, while preserving existing benefits for current members.

  • If you invested like Trump, you'd be ahead of the S&P 500 — here's what the US President is betting on

    Trump's financial disclosures reveal he executed 21,285 stock trades in 2025, averaging one trade every five minutes. His portfolio has outperformed the S&P 500, with a 37.3% return since his inauguration. Here's a look at the US leader's portfolio .

  • EPFO passbook portal restored after software upgrade; members can access accounts again ahead of 8.25% interest credit

    The EPFO has restored its passbook portal after a two-week outage due to a database upgrade. Members can access their accounts again ahead of 8.25% interest credit. 

  • Same salary, different loan amount? Here's why banks may treat borrowers differently

    Lenders consider factors beyond income when approving loans, such as repayment history and financial habits. Two individuals with identical salaries may experience different loan outcomes based on their overall financial profiles.

  • Which ITR form should you file? A guide for salaried employees, pensioners and other taxpayers

    The ITR forms have been revised for AY 2026-27, affecting ITR-1, ITR-4 and ITR-2. Taxpayers must ensure correct filing by reviewing income sources and changes to avoid complications. The filing deadline is 31 July 2026 for individuals and non-audited entities.

  • Forgot your ITR login password? Here's how to reset it without access to Aadhaar-linked mobile number

    Taxpayers can reset their income tax e-filing portal password using various methods if they forget it, even if they don't have access to their Aadhaar-linked mobile number. Step-by-step guide here.

  • AMFI Data: Gold ETF inflows rebound to ₹3,443 crore in June after May outflows, here's what changed

    Gold ETF inflows rebounded sharply to ₹3,443 crore in June, reversing May's outflows as investors returned after profit booking. Experts say cooling gold prices and persistent global uncertainties revived demand for the safe-haven asset.

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