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Banks seek digital audits, certification for BCs amid push for fair commissions

Banks have placed a demand for a sample digital audit or monitoring system for transaction based BCs at a recent meeting called by the Department of Financial Services, where industry bodies such as BCFI and BCRC were also present, sources…

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Women’s representation at leadership positions drops to 19%, 46% at entry-level positions: TeamLease Report

The women’s representation declines significantly at higher leadership levels as on average only around 19 per cent hold C-suite positions, says a report by TeamLease.

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72% Indian professionals willing to take loan to upskill: Study

​It showed that 47 per cent of working professionals prefer to enhance their skill sets in their current domain or cross-skill in a different domain while another 25 per cent want to upskill in domains not linked to their current…

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Care Health Insurance gets ₹ 104.7 cr demand notice from Income Tax Dept

Religare Enterprises Ltd (REL) announced that its subsidiary Care Health Insurance has received an income tax demand notice of Rs 104.77 crore for the assessment years 2020-21 and 2021-22. The company plans to appeal the demand, as advised by their…

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From Samsung to BYD: Foreign companies and their tax tussles with India

Foreign companies in India face significant tax disputes, including Samsung’s $601 million penalty for tariff evasion, Volkswagen’s $1.4 billion tax notice, and Kia’s $155 million tax issue over misclassified imports. Other cases involve Vodafone’s $2 billion tax demand, Cairn Energy’s…

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Ola Electric settles dues with Rosmerta as creditor withdraws insolvency plea

Ola Electric Technologies has cleared all outstanding dues with its creditor, Rosmerta Group. In response, Rosmerta has filed to retract the insolvency petition it had lodged against the company, according to a statement from Ola Electric Mobility on Tuesday.

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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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