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HCLTech CEO Vijayakumar salary climbed to over $10 million

This makes Vijaykumar the second highest paid CEO of an Indian IT company after Wipro’s former chief Thierry Delaporte’s $20 million (around Rs 166 crore) compensation for FY24. In FY24, HCLTech led revenue growth for the industry at Rs 109,913…

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Expansion plans: Tata Electronics resets configuration for Rs 6,000 crore charge

The only Indian manufacturer of Apple’s iPhones did not attribute any reason behind the fundraising. The filings show it had secured loans of Rs 6,311 crore as of March 2024.

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Budget for world’s fastest-growing economy: Key numbers to be watched

Finance Minister Nirmala Sitharaman is set to present her 7th consecutive Budget, aiming to lay a roadmap for Viksit Bharat (developed India) by 2047. The budget is expected to provide better-than-earlier projections due to tax buoyancy. The government’s planned capital…

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India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran said in a press conference after the tabling of the Economic Survey in the Parliament on Monday.

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CEA on Economic Survey 2024: Reforms at state, district levels need of the hour

India’s growth remains resilient despite global uncertainties. Economic Survey 2024 highlights key areas for focus such as private capital, green growth, MSME support, agriculture potential, education focus, and state machinery revitalization.

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Finance Minister to present Budget today, CFOs call for strong compliance reforms, capital gains tax relief, and capex push

In the first full budget of the third term of the Narendra Modi government, the Prime Minister asserted that this budget will lay the foundation of ‘Viksit Bharat’.

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SpaceX falls below IPO price: How much of your money should be in futuristic tech?
Wall Street's tech stocks fell sharply as concerns about AI-driven gains grew. Nasdaq and S&P 500 dropped, with losses in semiconductor stocks and SpaceX leading the charge. 
Radhika Gupta explains IPO funds: What investors should know about this niche mutual fund category
IPO funds are equity mutual fund schemes that invest primarily in recently listed companies. Rather than applying for individual IPOs, investors get a portfolio of newly listed stocks. As Radhika Gupta notes, “Rather than figuring out which IPO to invest in every month, let a fund do it for you!”
SpaceX stock down by 16%: Will your mutual fund investments take a hit?
SpaceX is experiencing a fourth day of stock losses amid a tech sell-off, dropping about 3% to $150. This follows a record $75 billion IPO last week, with investors concerned about AI enthusiasm. SpaceX has lost over $600 billion in value since the decline began.
What are focused funds? Meaning, investment strategy, key factors, benefits and risks
Focused funds are equity mutual fund schemes that invest in a limited number of stocks, allowing fund managers to take concentrated bets. These funds can invest in a maximum of 30 stocks and must allocate at least 80% of their total assets to equity and equity-related instruments.
Sold shares, gold or property? Here's how you can legally claim capital gains tax exemption of up to ₹10 crore
Selling assets like shares, mutual funds, gold, or property triggers capital gains tax. Section 54F of the Income Tax Act offers exemptions if long-term profits are reinvested into residential property. Details here.
How much does raising one child actually cost in Bengaluru, Mumbai or Delhi? I asked ChatGPT to compare expenses
Raising a child varies significantly in cost across Bengaluru, Mumbai and Delhi. I asked ChatGPT to compare expenses across cities.
Nifty IT Index falls 28% in a year: Should investors buy the dip or remain cautious?
Experts suggest that investors with a 3-5 year horizon may consider investing in Nifty IT Index Funds through the SIP approach, while those seeking short-term returns or lower volatility may prefer to stay on the sidelines until there is greater clarity on AI-led growth and technology spending.
Using ChatGPT, Gemini for money advice? Think twice before creating a detailed prompt | What not to reveal
AI chatbots can assist with financial advice but should not replace professional guidance. Their effectiveness depends on user prompts; poor questions may lead to inaccurate responses. 
Is your credit score enough for loan approval? Here’s what lenders check beyond CIBIL
A strong credit score opens doors to better loans, but lenders now assess more than numbers. This article explains key factors behind loan approval, including income stability, repayment behaviour, credit utilisation, and overall financial health.
Spent over ₹2 lakh on foreign travel? You may have to file ITR even with no taxable income
According to Mrinal Mehta, Joint Secretary at the Bombay Chartered Accountants' Society (BCAS), the Income Tax Department tracks spending patterns and high-value transactions, making return filing mandatory in several situations even when taxable income is low or nil.