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Large section of bank loan borrowers yet to gain from RBI rate cuts

Despite the RBI’s 50 bps repo rate cut and liquidity infusion, a significant portion of borrowers haven’t benefited due to reliance on MCLR-linked loans. MCLR remained unchanged at 9% in April, particularly affecting public sector borrowers. Banks’ deposit costs and…

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OYO to enter F&B with in-house kitchens, QSR carts in company-serviced hotels

OYO is set to venture into the food and beverage sector, introducing in-house kitchens and ‘Townhouse Cafe’ QSR carts at 1,500 company-serviced hotels in FY2025-26. This initiative follows positive feedback from a pilot program across 100 hotels, aiming to boost…

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Zoho suspends $700 million chipmaking plan in latest setback for India, sources say

Indian software firm Zoho has paused its $700 million chip manufacturing plan. The company struggled to find a technology partner for the complex processes. This is a setback for India’s ambition to become a global chip hub. Billionaire Gautam Adani’s…

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Manoj Kumar Agarwal appointed Director-Finance and CFO at Exide Industries

Kolkata (West Bengal) [India], Exide Industries Ltd is pleased to announce the appointment of Manoj Kumar Agarwal to the position of Director – Finance & CFO, effective 1st May 2025. The decision was taken at the board meeting of Exide…

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ED to intensify focus on FEMA violations in 2025: Director ED

The Enforcement Directorate (ED) will shift its focus toward violations under the Foreign Exchange Management Act (FEMA) in 2025, announced the agency’s Director Rahul Navin on Thursday.

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“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal

During the January-March quarter Blinkit added 294 dark stores taking the total count of these micro-warehouses from where 10-minute deliveries are made to 1,301. It aims to have 2,000 dark stores by December 2025. On an annualised basis, Blinkit’s GOV…

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  • 8th pay commission to close job vacancies for consultant roles in August — Check eligibility, salary and other details

    8th CPC: The 8th pay commission has invited eligible candidates to fill vacancies for consultant roles. Here are details on job openings, qualifications required, salary and the deadline for applications.

  • EPFO portal now offers two ways to transfer your PF balance after changing jobs — here's the entire process

    The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.

  • DA hike: Amid expectations of dearness allowance increase in July, here's a look at the past announcements

    DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.

  • ITR filing 2026: If your income exceeds ₹1 crore, this disclosure is mandatory

    Taxpayers earning over ₹1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.

  • Pension rules: Orissa HC says government employees can't lose pension over leave alone

    The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.

  • Nasdaq 100 tops 20-year returns at 21%; Nifty Midcap leads Indian markets: Which investment created more wealth?

    The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.

  • EPFO centralised database migration: Single portal for claims, digital interface, CITES project — Key features explained

    The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.

  • Received money, shares or property as a gift? It may be tax-free, but here's when you will have to pay tax

    Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.

  • Quant Small Cap Fund portfolio: Reliance Industries among 9 stock exits, 5 new additions in June

    Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.

  • Who is an NRI for income tax purposes? Know the conditions under which ITR filing is required in India

    Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, income earned from Indian sources, and other conditions such as salary, rent, capital gains, business income, TDS refunds, and DTAA claims.

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