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Varun Beverages to acquire 50% stake of Sri Lankan visi-cooler maker

Varun Beverages Ltd, a key PepsiCo bottler, plans to acquire a 50% stake in Everest Industrial Lanka (EIL) for USD 3.75 million. VBL stated that this strategic acquisition will enable the company to internally source its requirements for visi-coolers within…

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Delay in regulatory clearances can hurt investor confidence, says Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Tuesday cautioned that delays in regulatory approvals can create uncertainty, disrupt business timelines, and reduce the value of commercial transactions.

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FII flows poised for momentum as US rate cut expectations rise

Foreign institutional investors have resumed investing in Indian equities, driven by easing US inflation, a weakening dollar, and India’s structural growth story. Attractive risk premiums, improving macro stability, and liquidity-rich markets support inflows. However, global uncertainties and weak earnings remain…

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Microsoft Layoffs: AI’s rise brings a wave of tech layoffs, but CEOs say it’s not about replacement

Microsoft Layoffs: The AI race is reshaping global tech, but Google CEO Sundar Pichai insists there won’t be just one winner. While AI is transforming how companies work and hire, it’s also triggering mass layoffs, with over 50,000 tech jobs…

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Mastek appoints Raghavendra Jha as CFO

Mastek, a digital engineering firm, will appoint Raghavendra Jha as Chief Financial Officer. The appointment is effective from May 19, 2025. Jha succeeds Arun Agarwal. He has experience in IT, manufacturing and metals industries. Jha previously worked at Tessolve Semiconductors…

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JPMorgan Chase to offer clients access to Bitcoin, despite CEO Dimon’s continued criticism

JPMorgan Chase will allow clients access to Bitcoin ETFs, marking a major shift despite CEO Jamie Dimon’s long-standing criticism of the cryptocurrency. While Dimon remains sceptical, likening Bitcoin to illicit activity, he supports clients’ right to invest. The move signals…

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DA hike in Bihar: Samrat Choudhary govt announces DA, DR hike for employees, pensioners— Check new rates, effective date
The Bihar government has approved a Dearness Allowance increase for state employees and pensioners, raising it by 5 percentage points for the 6th Central Pay Commission and by 9 points for the 5th, effective January 1, 2026. This is a key financial decision by Chief Minister Samrat Choudhary.
Social Security raise in 2027? New forecasts signal a higher COLA than earlier expected
New inflation data suggests a possible 4.2% increase in Social Security COLA for 2027, up from 3.2%. Rising costs of essentials have led to revised projections by analysts and advocacy groups, highlighting a significant loss in purchasing power for beneficiaries since 2016.
Locked EPFO account? Here's why it happened and how you can recover it
See an “EPF account locked” message when you try to log into your employee provident fund. This can happen due to multiple reasons. Here's what steps EPFO members can take to resolve the issue and access their account…
Why is the EPFO launching a new website? Here's all you need to know about E-PRAAPTI portal
The EPFO is all set to launch a new web portal soon, known as the E-PRAAPTI, to help members recover their old and inoperative employee provident fund accounts. Here's all you need to know…
I asked ChatGPT how to build fintech startup in 5 years on ₹10 LPA job: AI didn't sugarcoat anything
A Bengaluru tech professional sought a realistic startup plan from ChatGPT. The advice emphasised using a stable job as financial capital, maintaining low fixed expenses and focusing on genuine problems over trendy ideas. 
Income-tax rules: Capital gains taxation on digital, paper, physical and inherited gold for Indians and NRIs, explained
Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and sovereign gold bonds) physical and inherited gold are taxed for residents and NRIs.
ITR filing 2026: Sold property at a loss? Here’s how you can claim income tax relief this year
Property sales can sometimes result in capital losses due to various reasons. Taxpayers are allowed to set off such losses against capital gains. Both short-term and long-term losses can be carried forward for up to eight years. Full details here.
Canara Bank hikes MCLR rate by 5 bps — Here's a look at how this impacts your auto, home and personal loan repayments
Public sector lender Canara Bank on Tuesday (12 May) hiked its MCLR rates by 5 bps. We explore how this increase will likely impact borrowers' repayments for car loans, home loans and personal loans.
PPF extension vs phased withdrawals: What should investors choose after account maturity?
After a PPF account matures, investors can withdraw the corpus, extend it for five years, or make phased withdrawals. Choices depend on financial goals and liquidity needs. Details here.
8th Pay Commission latest updates: 5 key developments on meetings, fitment factor and salary revision
8th Pay Commission consultations are gaining pace, with stakeholder meetings, regional visits, and an extension of the memorandum deadline, as central government employees and pensioners await updates on salary and pension revisions.