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Provision in new Insurance Bill sparks fears of board shake-ups

A new insurance law provision raises concerns for directors. It may force many to step down from insurance boards. This impacts bank-promoted ventures where directors also serve lenders. The current wording could lead to confusion and board instability. Insurers seek…

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AI spending spree drives global tech debt issuance to record high

Michelle Connell, president at Portia Capital Management, said debt-funded AI capex reflects a structural shift, as rapid technological obsolescence and short chip lifespans force companies to reinvest continuously.

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Paytm sets up units in Indonesia, Luxembourg; sells 49% stake in UAE arm

The proposed entities will focus on expanding the distribution of Paytm’s technology-led merchant payments and financial services stack through a combination of local licences, partnerships, investments, and organic growth. The fintech plans to invest up to Rs 25 crore in…

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GST in 2025: Rate rationalisation, faster dispute resolutions and sharper compliance

According to tax experts, 2025 marks a clear turning point where GST moves beyond firefighting legacy issues to address structural inefficiencies and predictability.

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India-New Zealand FTA: 100% zero-duty access for Indian exports & student mobility— What else does the $1 bn trade deal offer?

India and New Zealand have signed a significant Free Trade Agreement. This pact aims to boost trade and investment between the two nations. It offers zero-duty access for many Indian exports and tariff cuts for New Zealand. The agreement also…

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India in advance stage of negotiations for trade pact with US: Piyush Goyal

India is in advanced trade agreement talks with the US, aiming to boost bilateral trade to $500 billion by 2030. Discussions are crucial for resolving US tariffs on Indian goods and include US demands for concessions on agricultural and industrial…

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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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