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Rupee pain starts to show as India’s top airline pummeled

The rupee’s sudden slide is affecting Indian corporate earnings, prompting companies to hedge their currency exposures. This has led to increased forex losses for major firms like InterGlobe Aviation and Maruti Suzuki, with smaller companies also feeling the impact as…

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Amazon seeks 100% Acquisition of Axio; Cyril Amarchand Mangaldas advises Amazon

Cyril Amarchand Mangaldas assisted Amazon in its proposed full acquisition of Axio, a digital lending platform. This acquisition, which awaits RBI approval, aims to enhance financial inclusion in India. Multiple CAM teams with specific expertise handled various aspects of the…

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Infy co-founder, IISc ex-director booked under SC/ST Act

Senapathy Kris Gopalakrishnan, IISc’s former director Balaram, and 16 others have been accused under the Prevention of SC/ST Atrocities Act. The case follows allegations by Durgappa, a former faculty member, who claims he faced false charges, casteist abuse, and threats…

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Budget, RBI policy to steer India’s economic growth in next 10 days: UBI

According to the report, both the government and the RBI are expected to announce crucial steps aimed at stimulating growth in the face of a slowing economy.

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India’s economy set to slow this year, says Moody’s Analytics

Changes in fiscal and monetary policy, likely in the first half of the year, are needed if India is to achieve 6.4% growth.

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CFOs urge Nirmala Sitharaman for GST reforms, single window system, and labor law changes to boost ease of doing business

With Budget 2025 just around the corner, CFOs across India are hoping Finance Minister Nirmala Sitharaman will introduce reforms to simplify business operations. Key changes they’re pushing for include overhauling GST processes, implementing a National Single Window System for approvals,…

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News

  • EPF interest after retirement at 58 continues until 61. Here's right time to withdraw your savings

    An EPF account can continue earning interest for up to 3 years after retirement at age 58. Knowing the right time to withdraw your EPF savings helps maximise returns before the account becomes inoperative.

  • 8th Pay Commission enters next phase: Stakeholder meetings begin in Odisha today; here's the progress so far

    8th Pay Commission begins stakeholder consultations in Odisha. The Commission will gather feedback on salaries, allowances and pensions before tabling its recommendations to the Centre by mid-2027.

  • ‘Stock markets are like a church with casino attached’: Why Warren Buffett's warning against ‘gambling’ still rings true

    Discouraging investors from blindly chasing returns, Buffett reiterated his view that the stock markets are like a church (long term investments) with a casino (quick, short-term bets) attached and many investors are taking too much risk.

  • Online payments: 84% of female entrepreneurs, 54% rural women earners now use UPI, finds study—Here's what they spent on

    A study by DBS Bank India explored how female earners in the country engage with digital payments, banking, credit and investment platforms and found that over half of the rural women earners now use UPI.

  • EPF withdrawal: No TDS after five years of service? Know tax rules, forms and claim process to avoid surprises

    EPF withdrawals are tax-free after five years of service. Before that, TDS applies for amounts over ₹50,000. Partial withdrawals are allowed with conditions, and claims can be made online or offline.

  • Bank holidays next week: SBI, HDFC, ICICI and others will be closed on four days between 6 and 12 July; check here

    Bank holidays next week: UPI and bank apps allow 24/7 transactions. Banks will be closed on Sundays and second Saturdays, with online services available during holidays. Customers must verify local branch holiday schedules.

  • Delhi EV policy: ₹1 lakh incentive for four-wheeler owners who switch to EVs, scrappage incentives explained

    Delhi's new electronic vehicles policy provides ₹1 lakh scrapping incentive for four-wheeler owners who switch to EVs from petrol and diesel vehicles. We explain how the incentives work and steps to apply…

  • Top 5 diversified equity funds based on 10-year returns: Nippon India Small Cap Fund leads with over 21% return

    Based on 10-year returns, Nippon India Small Cap Fund emerged as the best-performing diversified equity scheme, delivering a CAGR of 21.81% over the past decade. The rankings also highlight that Quant Mutual Fund had three schemes among the top five performers.

  • Nifty PSU Bank ETFs: Top 5 funds by AUM and their historical performance compared

    Among ETFs tracking the Nifty PSU Bank Index, Nippon India ETF Nifty PSU Bank BeES is the biggest fund with assets under management (AUM) of ₹4,078 crore. It is followed by Kotak Nifty PSU Bank ETF, while DSP Nifty PSU Bank ETF is the third biggest fund in the category.

  • Fallen trees, flooded roads, dead batteries: How motor OD cover protects you

    Own Damage cover protects vehicles from storms and floods, but payouts shrink sharply without add-ons like zero depreciation. A Mumbai case shows how skipping the fine print can cost thousands in unexpected out-of-pocket repairs.

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