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Mittal family acquires Rajasthan Royals for $1.65 billion in partnership with Adar Poonawalla

In addition to the IPL team, Rajasthan Royals also owns Paarl Royals in South Africa and Barbados Royals in the Caribbean. The transaction consideration is approximately US$1.65 billion and represents the enterprise value of Rajasthan Royals’ men’s franchise, Paarl Royals…

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Gold dips as inflation concerns linger; markets watch US-Iran talks

Gold prices saw a dip on Monday. Inflation concerns are impacting the US monetary policy outlook. Markets are closely watching US-Iran peace talks. Higher oil prices could keep interest rates elevated, affecting non-yielding assets like gold. Recent US inflation data…

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UpGrad to acquire Unacademy for Rs 2,055 crore, 90% below peak valuation

The deal will likely peg Unacademy, which started life as a Youtube tutorial channel, more than 90% lower than its peak valuation of $3.4 billion, ascribed to it during the 2021 funding boom.

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NFRA sets audit inspection timelines: 10-day reply, 180-day compliance; lapses public

Audit regulator mandates strict response deadlines, public disclosure of non-compliances.

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The Billion Who Don't Count:Why Indian Business Must Stop Chasing the Same 10Crore Consumers

Abhishek Gupta, CFO of Livspace and an active member of India’s leading industry bodies, examines a critical imbalance in India’s growth story, arguing that corporate focus on a narrow urban consumer base risks excluding millions from economic participation and future…

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India's consumption stands its ground amid Gulf War tremors

West Asia War: India’s economy began the new fiscal year with a powerful surge. GST collections reached a record high in April. Passenger car sales also saw a substantial increase. Digital transactions through UPI experienced significant growth. These positive indicators…

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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. 

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