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Beyond AI: How TCS layoffs are signalling a structural reset in Indian IT; experts see more pain ahead

Key Takeaways from experts on TCS layoffs and India’s IT sector reset: * Indian IT sector is undergoing a structural correction, not a temporary slowdown.* Layoffs stem from internal inefficiencies, not primarily artificial intelligence. * Mid-level roles tied to legacy…

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Samara Capital readies listing of two firms, eyes stake sales in a few others: CFO Vikram Agarwal

With exits on the horizon and a fresh fundraise underway, CFO Vikram Agarwal sheds light on the Indian private equity space and explains how Samara Capital is navigating India’s evolving investment landscape, from Tier-2 expansions to institutional maturity.

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Industrial production growth slows to 10-month low of 1.5% in June

India’s industrial production growth plummeted to a 10-month low of 1.5% in June 2025, primarily due to a significant contraction in mining and electricity sectors. The early monsoon and heavy rainfall severely impacted these sectors, overshadowing a modest rise in…

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FM Sitharaman clarifies GST issue related to apartment associations

Finance Minister Nirmala Sitharaman clarified in Parliament on Monday that apartment associations are required to register under GST if their aggregate turnover exceeds Rs 20 lakh (Rs 10 lakh in special category states) in a financial year and the associations…

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Google officials depose before ED in online betting linked PMLA case

Google representatives appeared before the Enforcement Directorate (ED) on Monday as part of a money laundering investigation related to the promotion of illegal online betting and gambling platforms. While Google cooperated, Meta executives did not attend the deposition. The ED…

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With resilient overall Q1 growth, Indian economy ‘steady as she goes’ in FY26: Centre

The first quarter of FY26 presents a picture of resilient domestic supply and demand fundamentals and with inflation remaining within the target range and monsoon progress on track, the domestic economy enters the second quarter of FY26 on a relatively…

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  • Bank holidays next week: SBI, HDFC, others closed on these days between 4 and 10 May; check RBI calendar

    Private and public sector banks in India will be closed for two days between May 4 and 10, 2026. Customers can use online services for transactions during these periods. 

  • Section 80C income-tax relief: From PPF to EPF and NPS — Here's which investment options give you ₹1.5 lakh deduction

    Taxpayers can rely on Section 80C of the Income-Tax Act to reduce their tax liability through deductions of up to ₹1.5 lakh in a financial year. Here are the investment options you can choose from:

  • 2008 housing crash fears resurfaces — but can buyers really follow Dave Ramsey’s 25% mortgage rule in 2026?

    Concerns about a housing market crash are growing among Americans as mortgage rates rise and inflation increases. Financial experts recommend keeping housing costs below 25% of income, though this is becoming difficult with rising home prices. However, a major crash like in 2008 seems unlikely.

  • DA: Highest Dearness Allowance increase of 11% was in 2021 in the 7th CPC — Here's how much hikes have been announced

    DA hike: The highest hike for Dearness Allowance of central government employees came in 2021 with an 11% increase from the central pay commission. Here's a look at what increments have been announced over the past few years…

  • 8th CPC: What is the role of pay commissions in calculation of Dearness Allowance?

    8th central pay commission: The government appointed panel determines Dearness Allowance hike, fitment factor and other allowances for central govt employees. Here's what role it plays in the decision process…

  • Bank deposit risk explained: What happens to your money if a lender fails to return it?

    Bank deposits are generally safe, but in case of bank failure, only ₹5 lakh per depositor is insured under the DICGC. This coverage applies to all accounts in a bank, with specific exclusions for certain deposits. Details here. 

  • Tax-saving FDs vs regular FDs: Interest rates, lock-in and tax benefits compared

    Fixed deposits (FDs) are favored for stable returns, with banks in India offering rates up to 7%. Tax-saving FDs provide deductions under Section 80C but have a 5-year lock-in. Interest rates vary, with senior citizens receiving higher rates.

  • Sovereign Gold Bonds: RBI announces redemption price for 2018 series payable on 4 May; here's how much you gain

    The RBI has set the final redemption price for its Sovereign Gold Bond 2018-19 Series-I at ₹14,901 per unit, payable on 4 May 2026. Investors could see gains of nearly 386% from the issue price of ₹3,114 per unit.

  • Income tax: How much cash can you deposit to prepay home loan principal without attracting I-T notice?

    Income tax rules discourage cash transactions, limiting annual deposits to ₹10 lakh. Experts recommend using savings accounts for cash deposits

  • How to claim stuck NPS funds with interest? Step-by-step guide for subscribers

    Unclaimed National Pension System contributions can be retrieved through a mechanism specified by the Pension Fund Regulatory and Development Authority. Full details here.

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