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CCI issues market study on AI, competition; suggests cos to do self-audits of AI systems

Highlighting the need to ensure responsible autonomy while protecting markets from distortions, the study urged enterprises to “include self-audits of AI systems for competition compliance that will allow businesses to proactively identify and address potential competition concerns”.

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BigBasket completes self-audit on dark patterns; submits declaration to MCA

The declaration of audit completion has been formally submitted to the Ministry of Consumer Affairs, the company said in a statement.

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Marico’s India business Q2 volume growth in high single digit despite GST related disruption

Marico achieved high single-digit volume growth in Q2 FY26, despite facing transitory disruption from new GST slab implementation and passing benefits to consumers. The company anticipates modest operating profit growth due to channel discounts and high commodity prices. While its…

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US tariff threats push Indian pharma to diversify beyond generics, American market

Indian Pharma must look at strengthening its presence in established markets in Latin America, China, Russia, Africa and East Europe. This is a timely pill for industry to take.

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PAG-led Sekhmet Pharmaventures appoints Mukesh Agarwal as CFO

Mukesh Agarwal, who has over two decades of pharmaceutical finance experience and previously served as CFO at Macleods Pharmaceuticals and ZCL Chemicals, has joined Sekhmet Pharmaventures as CFO.

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Jindal Stainless sets up ₹125 crore fabrication unit in Maharashtra

Jindal Stainless inaugurated its first stainless steel fabrication unit in Maharashtra. The facility will produce bridge components including girders. This expansion supports India’s infrastructure growth. It will create over 250 direct jobs. The unit also trains fabricators in stainless steel…

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  • Income tax: Can your business income be clubbed with your husband’s? ITAT ruling offers relief to woman

    ITAT ruled in favour of a woman whose timber business was treated as her husband’s family firm by the Income Tax Department. The tribunal found insufficient evidence linking the two businesses, highlighting the importance of proving ownership in tax disputes.

  • India's HNI term insurance bookings double since 2023; younger buyers drive growth, shows new report

    Term insurance bookings among high-net-worth individuals have doubled since April 2023, while average coverage has risen 30%, Policybazaar data shows. Details here.

  • Financial planning beyond mutual funds: 6 checks every investor should review annually to secure long-term goals

    Financial planning goes beyond mutual funds. A 1 Finance report identifies six areas investors should review annually: estate planning, loans, investments, income and expenses, insurance, and tax. These checks can help protect wealth and keep long-term goals on track.

  • DA hike news: 10-year growth - How central govt dearness allowance rate rose from 2% in 2016 to 63% in 2026 | Explained

    Central government employees' dearness allowance rose to 63% of basic pay in 2026 after a three-percentage-point increase. Here's a look at the allowance's growth over the past 10 years.

  • EPFO plans to invest 3% of fresh inflows in startups and AIFs, five years after approval: What you need to know

    EPFO is drawing up guidelines to invest up to 3% of fresh annual inflows in startups and alternative investment funds (AIFs), five years after government approval. The proposal is expected to go before its board in November.

  • Flat possession delayed for nearly 10 years? Consumer court orders builder to refund ₹45 lakh with 9% interest

    A Mumbai consumer commission has ordered a developer to refund ₹45.45 lakh to a homebuyer who waited nearly a decade for a Panvel flat, with 9% annual interest taking the payout to ₹86.37 lakh. However, it rejected his claim for ₹5.23 lakh in home loan interest.

  • PM Kisan 24th instalment money payment tomorrow: How to check whether you received ₹2000 or not? Steps to check online

    Prime Minister Narendra Modi will release the 24th PM-Kisan instalment on October 30 at an event in Gujarat. Here's how to check the payment status. 

  • Selling a house to clear your home loan? What an ITAT ruling on a ₹26 lakh cash advance means for property sellers

    ITAT Chennai has deleted a ₹26 lakh penalty on a salaried taxpayer who accepted a ₹26 lakh cash advance while selling his house to repay an outstanding home loan. The tribunal cited reasonable cause, considering the genuine transaction and financial circumstances.

  • AI for personal finance: Can you trust artificial intelligence to manage your investments? What investors must know

    AI can help investors identify costly funds, idle cash and gaps in financial planning, but it may not replace human judgement. A 1 Finance report says effective financial advice extends beyond investment returns to goal planning, behavioural coaching and monitoring changing financial needs.

  • ‘In fake world, people are losing tonnes of money’: SEBI chief Tuhin Kanta Pandey on WhatsApp, Telegram investment scams

    SEBI chief Tuhin Kanta Pandey warned against investment scams on WhatsApp and Telegram, saying people are losing money to misleading promises. SEBI has introduced a tool to verify bank accounts, UPI IDs and QR codes linked to regulated market entities.

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