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Jio Financial Services takes full control of Jio Payments Bank with Rs 104.5 crore SBI stake buy

Jio Financial Services has acquired a 17.8% stake in Jio Payments Bank from SBI, making it a wholly-owned subsidiary. This follows RBI approval and coincides with Jio BlackRock’s launch of mutual fund schemes, aiming to offer innovative investment products. The…

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PNGS Reva Diamond Jewellery files draft papers with Sebi; eyes Rs 450-cr via IPO

PNGS Reva Diamond Jewellery, based in Pune, has submitted preliminary documents to Sebi to raise Rs 450 crore through an IPO, consisting entirely of a fresh issue of equity shares. The company intends to use the IPO proceeds to establish…

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IAS officer Anuradha Thakur joins Sebi board

1994-batch Himachal Pradesh cadre IAS officer Thakur joined the Department of Economic Affairs as an OSD in April.

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India’s real GDP growth for FY26 may exceed 6.5 pc: ICRA

ICRA projects India’s real GDP growth to exceed 6.5% and GVA growth to surpass 6.3% for FY26. CPI inflation is expected above 4.2%, with a fiscal deficit of 4.4% of GDP. Rural demand will likely remain strong, supported by Rabi…

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India’s strong fiscal dynamics to propel growth, curb inflation: Report

India’s fiscal dynamics have improved at the aggregate level post-pandemic, with a most notable shift in the quality of spending, which is reflected in the higher capital expenditure by the government over the last five years, according to a Morgan…

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Sanathan Textiles CFO eyes Rs 6,000 crore in revenue by FY27 driven by capacity expansions

CFO Sanjay Shah said the company is hoping to begin operations at the new plant in the current or next quarter, adding that at full scale the plant will be manufacturing 950 tons of polyester. Shah also spoke on the…

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  • SBI employees to go on a 2-day strike on May 25,26: Check their 16 key demands

    State Bank of India employees plan a two-day strike on May 25-26, 2026, to demand better working conditions and job security. The All India State Bank of India Staff Federation cites administrative neglect and anti-employee policies as reasons for the protest.

  • Income-tax returns: Form 121 replaces Form 15G, 15H — Who is eligible, where to download and how to avoid TDS, explained

    The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, as part of the government's move to streamline and simplify India's tax codes.

  • Tenant rights in India: How much of security deposit can be legally deducted by your landlord?

    Security deposit rules in India, guided by the Model Tenancy Act, 2021, vary by state and dictate how much landlords can collect and under what conditions deductions may occur. Details here.

  • ₹100 crore retirement fund ‘a math scam’, ₹2-3 crore ‘strong number, stop taking advice from influencers’, warns CA

    CA Kaushik believes that ordinary investors should not take advice from influencers who push for ₹100 crore retirement fund, calling it a ‘mathematical impossibility’ and ‘math scam’. He feels that ₹2-3 crore or even up to ₹5 crore are ‘strong, realistic numbers’.

  • I asked ChatGPT to plan my daughter’s Harvard education: AI suggests mutual funds, dollar assets, gives yearly cash flow

    ChatGPT recommends planning for global education beyond Harvard. It outlines significant costs for a master's degree, estimating up to ₹7.22 crore for two years. It suggests diversifying investments and emphasizes the importance of academic preparation and scholarship opportunities.

  • Buy Now Pay Later: Here's how BNPL works, who is eligible and how it impacts your credit score

    Buy Now Pay Later (BNPL) is a short-term financing option allowing customers to buy items and pay in installments. Here's all you need to know about how it works, who is eligible and how it impacts your credit score…

  • Rupee at record low: What it means for your personal finances, foreign travel, imports and markets — explained

    The rupee fell to a record low against the US dollar on 5 May 2026 due to rising US-Iran tensions and soaring crude oil prices. This could impact India's economy as well as household spending. Details here.

  • Income-tax returns: Investment proof, PAN Card — Here's a checklist of required documents for smooth ITR filing process

    Filing income tax returns can be a tough task for salaried individuals and first-time ITR filers alike. To make the process smoother and hassle-free, here's a checklist of essential documents you'll need, including Form 16, your PAN Card, and proofs of investment.

  • EPF vs PPF: Key differences, rules, tax benefits and returns explained

    EPF and PPF are key long-term savings instruments in India. While EPF is for salaried employees, PPF is open to all. Both offer tax benefits and fixed interest rates, but differ in eligibility, contributions, and withdrawal rules.

  • Dearness Allowance: What are the types of DA and how often are they revised? We answer top FAQs

    Dearness Allowance is of two types, one which is revised quarterly based on CPI, and the other revised semi-annually. Both these aim to mitigate inflation effects for households of central government employees.

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