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Anil Ambani’s Reliance responds after ED raids 35 sites in Rs 3,000 cr money laundering probe

The Enforcement Directorate raided 35 locations linked to Anil Ambani’s Reliance Group in a ₹3,000 crore money laundering probe tied to YES Bank loans. Reliance Power clarified it operates independently of RCom and RHFL, the focus of allegations. The group…

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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers

Amazon is offering substantial salaries, up to $263,700, to foreign hires for software engineering and other roles under O-1 and H-1B visas. These base salaries, revealed in mandatory filings, don’t include equity. Notably, the online retail giant has been cutting…

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Minimalist will not survive after HUL acquisition, says Bombay Shaving Company CEO

Shantanu Deshpande of Bombay Shaving Company predicts Minimalist will struggle post-acquisition. He cites founder departures and integration challenges. Hindustan Unilever acquired Minimalist for a significant sum. The deal and leadership changes at HUL fuel the discussion. Some defend Minimalist’s potential…

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Geojit Financial Services to shift revenue mix towards distribution, targets 60 percent share by FY30: CFO Mini Nair

Highlights: * Geojit aims to rebalance revenue mix to 60 percent distribution by FY30. * Plans to onboard 30 lakh clients and add 200 branches in five years. * Rising SIP and mutual fund adoption among young investors influencing shift…

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SoftBank-backed InMobi looks to raise $1 billion via Indian IPO

InMobi, a mobile advertising platform supported by SoftBank, intends to launch an IPO in India. The company aims to raise $1 billion. It plans to appoint arrangers for the Mumbai IPO and submit a draft prospectus this year. InMobi may…

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BigBasket turnover declines in FY25 amid rising quick commerce competition

BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was due to stiff competition from quick commerce rivals like Blinkit and Zepto. Innovative Retail Concepts’ turnover fell 3% to Rs 7,673 crore. Losses also increased to…

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News

  • Can I use MF sales proceeds to pay home loan and get Section 54F benefit?

    Section 54F exemption is unavailable because the residential property was acquired more than one year before the sale of the MF units. While the exemption fails the timing criteria, taxpayers can still use Section 80C and Section 24 deductions for principal, interest repayments under old tax regime.

  • Advance tax deadline today: Can you pay the final instalment on 15 March via credit card?

    The final advance tax payment deadline for FY 2025-26 is 15 March 2026. Payments can be made via the e-filing portal, including credit cards, which may incur fees. Details here. 

  • How global reporting may pull crypto bets out of the grey zone

    Through a series of legislative changes in 2025 and 2026, India has operationalized a reporting framework aligned with the OECD’s Crypto-Asset Reporting Framework, aiming to move crypto from an opaque asset class into a transparent financial instrument.

  • Gold investment taxation explained: Jewellery, gold ETF vs sovereign gold bonds

    The investments in gold products of this category are treated as capital asset under the income tax laws so any gains realised over its acquisition cost is taxed under the head ‘capital gains’.

  • The Netherlands’ new tax experiment—and why investors should worry

    The Netherlands plans to tax unrealized investment gains from 2028. India’s experience with punitive wealth and income taxes in the 1970s shows why taxing paper wealth can distort markets and behaviour.

  • Advance tax deadline today news LIVE: Final instalment to be paid on 15 March — what happens if you miss it?

    Advance Tax Deadline News Today LIVE: The due date for paying the fourth and final instalment for the financial year 2025–26 is on Sunday, 15 March 2026. Check who needs to pay, how to pay online, among other details.

  • Fake it till you make it? This CA disagrees, warns obsession with looking rich, fastest way to stay broke — Here's why

    CA Nithin Kaushik warns that the obsession with looking rich and faking wealth is the fastest way to stay broke. Feels real financial independence and power allows you freedom to say “no”. He explains…

  • PSU mutual funds defy market slump in 2026 with strong three- and five-year returns

    Mutual Funds, which deploy money exclusively in shares of PSUs, are among the only three equity fund categories that have given positive returns so far in 2026.

  • PPF withdrawal: Here's how you can access your public provident fund balance before the lock-in period ends

    The Public Provident Fund is a low-risk savings scheme with a fixed interest rate of 7.1%, suitable for retirement planning and tax benefits. Here's how you can withdraw your funds before the lock-in period ends…

  • How to merge multiple PF accounts after switching jobs: Step-by-step guide

    Switching jobs often results in multiple EPF accounts under the same UAN. Employees must request EPFO to merge these accounts to ensure all retirement savings are consolidated. Here's how to do it online. 

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