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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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India’s IT ecosystem employs over 6 million people: Govt

Global rankings such as Stanford AI rankings place India among the top countries in AI skills, capabilities, and policies to use AI. India is also the second-largest contributor to GitHub AI projects, showcasing its vibrant developer community, Minister of State…

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Nestle India Jun qtr profit slips 13.4 pc to Rs 646 cr; sales rise 5.8 pc to Rs 5,073 cr

Nestle India faced a profit dip in the June 2025 quarter. The company’s consolidated net profit declined by 13.4 percent, reaching Rs 646.59 crore. High commodity prices impacted the earnings. However, revenue from sales saw an increase of 5.86 percent,…

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Google, Microsoft to halt hiring in India? Trump urges US tech giants to prioritise American workers

President Trump challenged tech companies to prioritize American workers over outsourcing, particularly targeting firms like Google and Microsoft. He signed executive orders to boost domestic AI development, aiming to reduce reliance on foreign expertise and ensure AI serves national interests.…

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Manufacturing drives India’s flash PMI to 60.7 in July, private sector shows robust growth

India’s private sector showed robust growth in July, fuelled by strong manufacturing and global demand, the HSBC Flash India Composite Purchasing Managers’ Index (PMI) showed on Thursday.

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Executive Centre India files draft papers with Sebi to raise Rs 2,600-cr via IPO

Executive Centre India has filed preliminary papers with Sebi to raise Rs 2,600 crore through an IPO, consisting entirely of a fresh issue of equity shares. The funds will be used for investments in subsidiaries and part-payment for acquiring step-down…

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How does a Ulip compare to buying a term plan and investing in MFs separately?
Unit-linked insurance plans or Ulips bundle life insurance and investment into a single product. Ulips also carry a tax advantage
DA hike: Next Dearness Allowance increase to be 3%? Here's what employees expect from 8th Pay Commission
The Finance Ministry raised the Dearness Allowance by 2% for central government employees and pensioners, increasing it from 58% to 60% of basic pay. Here's why some expect the next hike in July under 8th CPC to be 3%…
8th Pay Commission: Is 6% increment likely? Meetings begin over minimum pay, NPS removal, more promotion opportunities
The 8th Central Pay Commission held its first meetings discussing demands for annual increments and pension scheme withdrawal. It is set to decide salary hikes for 50 lakh central employees and 65 lakh retirees, potentially raising pay significantly.
Withdrawing PF money? Fill these details correctly to avoid TDS deductions
The declarant, who is a resident, must ensure that their expected final tax liability for the year is NIL and duly fill all the rows in Part A of the Form No.121 and sign it.
Five smart investing rules for navigating India’s volatile equity markets in 2026
To turn market volatility into an instrument for wealth creation, retail investors should consider adopting a structured approach. Here are five fundamental rules that can help navigate the complexities of today’s financial environment.
How mutual fund-based portfolio management services work
Mutual fund-based portfolio management services are becoming popular among high-net-worth individuals. Here is how these services work
Tax deadlines in May 2026: Key dates every taxpayer should know
May 2026 has crucial tax deadlines, including TDS payments and quarterly filings. Taxpayers must comply to avoid penalties. Full list of the deadlines here.
The hardest part of investing isn’t picking, it’s holding
Legitimate capital, patiently held, is the only edge in this business that has worked reliably for a hundred years. It is not glamorous enough to go viral. But it is the only version of the story that ends with you still holding the asset.
Missed Subhadra Yojana? Here are alternative welfare schemes available in Odisha
Odisha has several welfare schemes aimed at empowering women through financial assistance and social support, including Lakhpati Didi Yojana and MAMATA. Details here.
Gold, silver prices today: Check retail rates of 24K, 22K gold, 999 silver on 3 May in Delhi, Mumbai, Kolkata, others
On May 3, gold prices in India remained stable, silver prices also showed limited movement. Check retail rates of 24K, 22K gold, 999 silver in your city.