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PayU acquires payment solutions company Mindgate for $200-250 million

Mindgate serves banks such as State Bank of India, Punjab National Bank, and HDFC Bank. Its core services include retail payments processing as well as cash management and transaction banking. Unlike many venture capital-funded startups, Mindgate, founded in 2008, has…

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Markets climb for 4th day; Sensex jumps 899 pts, Nifty reclaims 23k-mark

Sensex and Nifty surged over 1% on Thursday, marking the fourth consecutive session of gains. The rally was driven by buying in heavyweights like Reliance Industries and Bharti Airtel, alongside the Fed’s decision to hold interest rates steady, with future…

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67 pc of outstanding direct tax demand difficult to collect: IT Dept to Par panel

New Delhi: The Income Tax Department informed a Parliamentary panel that two-thirds of the Rs 43 lakh crore outstanding direct tax demand is difficult to collect, with some of it being fictitious. The panel recommended a thorough review of the…

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Patent filings surge 25%, 75,000 applications under review: Patent Office

The patent office has seen a 25% increase in filings, with 75,000 applications under review. The patent process is now completed within six months. The second national IP yatra aimed to connect innovative entrepreneurs with industries. The event featured sessions…

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India’s energy efficiency above global average: RBI bulletin

India’s energy efficiency improved by 1.9 per cent between 2000 and 2023, which is faster than the global average of 1.4 per cent, according to a study carried out by an RBI research team.

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Global debt exceeds $100 trillion as interest costs keep rising, OECD says

Outstanding global government and corporate bonds surpassed $100 trillion last year, with rising interest costs prompting the need for prioritizing productive investments. Despite central banks cutting rates, borrowing costs remain elevated while governments and companies must ensure borrowing supports long-term…

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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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