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ADB commits USD 2.6 billion in sovereign lending to India

Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India’s…

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Work overnight for FPI tax papers: Sebi tells big four firms

At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory ‘confirmation certificate’ overnight so that offshore funds managers can repatriate the money from the sale of stocks…

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Capital goods train delay hits India Inc’s capex plans as manufacturers in China & Southeast Asia embark on their own expansion plans

Geopolitical tensions and the Red Sea crisis have increased delivery times for machinery, affecting production lines and capital goods planning for Indian companies like Amber Group and Havells India.

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SBI to sell guarantees of Reliance Naval promoter

The bank, in a notice on its website, said that it has principal outstanding dues of Rs 1,160 crore and total dues of Rs 3,512 crore, as of May 31, 2024. The bank stated that it is seeking to assign…

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IRDAI probes Care Health’s stock option issue to Saluja

IRDAI revealed that a probe into stock option allotment to Saluja is on in response to a query raised by Rahul Kanoj under the Right to Information Act (RTI) to the insurance regulator. The regulator said in its response, “The…

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Meeting with PM Modi proved to be turning point for Bharti Airtel: Sunil Mittal

Mittal recalled his meeting with Modi during an interview with ET after Airtel crossed the milestone of $100 billion market cap on May 27 after overcoming various adversities in its almost three decades of existence.

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News

  • Critical illness cover: Who needs it and what to watch for

    Regular health insurance pays for treatment. Critical illness plans provide a lump-sum payout that can help replace income and cover expenses that arise beyond hospital bills.

  • AI may change the world. That doesn’t make it a good investment

    Whether AI is a bubble will be known only after the fact. For investors, the more important question is how much risk they take while waiting for the answer.

  • Bank holiday next week: SBI, HDFC, others closed for four days between June 22 and June 28; check here

    Private and public sector banks in India will be closed for four days next week from 25 to 28 June 2026 due to regional holidays, including Muharrum and weekends. Customers should check the RBI holiday calendar for specific bank closures across different states.

  • Renting a house but not receiving HRA? Non-salaried individuals can still claim tax deduction on rent

    Non-salaried individuals, including freelancers and business owners, cannot claim HRA, which are exclusive to salaried employees. But there's another way to do it.

  • Using ChatGPT or Claude AI to file ITR? Experts warn it may not be as reliable as you think

    As tax season begins, professionals are using AI tools like ChatGPT to simplify tax filing despite concerns over reliability. Experts warn that these tools struggle with complex tax situations and lack accuracy, leading to security risks and errors. Details here.

  • India’s crypto boom is moving beyond men in metros: How women and small-towns are driving the shift?

    India's crypto market is experiencing a shift as women and non-metro investors gain influence, focusing on long-term strategies. This trend fosters a more stable ecosystem, with women showing patience and discipline, while Tier 2 and 3 cities broaden the digital asset landscape.

  • Bihar approves Sindhu Darshan Yatra grant: Pilgrims can claim up to ₹20,000 travel reimbursement

    Named the Sindhu Darshan Pilgrimage Financial Assistance Grant Scheme, 2026, the initiative seeks to support pilgrims by partially reimbursing their travel expenses

  • Income tax scrutiny: Who could get a tax notice by June 30 and how to respond?

    Taxpayers should note that June 30 is the deadline for scrutiny notices under Section 143(2) for ITRs filed during FY 2025-26. Here are cases when you may receive a notice and what to do next.

  • I asked ChatGPT to plan the cheapest possible trip to the Maldives for 2 — It gave a modest ₹1.4 lakh budget

    ChatGPT's ₹1.4 lakh Maldives trip for two on a bare-minimum budget really caught me by surprise.

  • Can a 29-year-old achieve FIRE by 40 with a ₹1 lakh monthly home loan EMI? I asked ChatGPT

    For a 29-year-old techie with exactly half of their take-home pay wiped out by home loan EMI, I asked ChatGPT if an 11-year window is enough for early retirement.

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