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Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say

US-XAI-Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say

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Lilavati Trust says no dues owed to HDFC Bank

Lilavati Kirtilal Mehta Medical Trust accuses HDFC Bank’s Sashidhar Jagdishan of accepting a bribe. The trust denies any outstanding dues to the bank. They claim no connection to Splendour Gems Ltd. HDFC Bank counters, stating the trust is trying to…

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RBI deputy flags concerns in microfinance sector, urges reforms

Reserve Bank of India Deputy Governor, M. Rajeshwar Rao, addressed concerns about the microfinance sector. He highlighted issues such as high interest rates and coercive recovery practices. These contribute to borrower over-indebtedness. Rao urged lenders to reform and strengthen credit…

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CBIC says DIN not required for GST notices issued via portal with reference number

CBIC has amended its earlier circular mandating Document Identification Number (DIN) for show cause notices and GST orders, stating that DIN is not required if the notice is issued through the GST portal and already carries a reference number.

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Indian companies profit growth slows in FY25, capex weakens amid soft demand: Nuvama

Indian companies experienced a slowdown in profit growth during FY25, with PAT growth dropping to 9% from 21% in the previous year. This deceleration was attributed to soft demand, weak top-line performance, and reduced capital expenditure. While cost rationalization provided…

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India Inc’s hiring outlook stays positive for Sept quarter

Hiring intentions among Indian employers, second only to those in the United Arab Emirates, are 18 percentage points higher than the global average of 24%, up 12 percentage points year-on-year and down one percentage point from the previous quarter, according…

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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.