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Reliance Retail to scale online business in FY27, aims to double pre-tax earnings in 3 years

Reliance Retail plans rapid online business growth and dark store expansion. The company will strengthen omni-channel capabilities and JioMart’s infrastructure. Investments aim for higher margins and earnings growth over two years. Reliance Retail targets doubling operating EBITDA by FY28 and…

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AI is reshaping hiring, making evidence-based verification more critical: Millow's Karan Bhatty

AI is revolutionising Indian hiring by enhancing candidate preparation and employer verification processes. Companies now prioritise evidence-based hiring over traditional interview performance and background checks. Millow.io’s AI-assisted platform addresses traditional verification gaps with speed and transparency. Sectors like BFSI and…

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AI-powered cyber threats force banks to step up cybersecurity investments

With six of the seven cyber threats identified last year now operational, banks are accelerating investments in cyber resilience, AI-led fraud detection and operational security as regulators sharpen their focus on technology risks.

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India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facility

Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank’s subsidized hedging facility for overseas fundraising. The state-run institution will issue three-year floating-rate bonds priced over SOFR. Other development finance institutions and…

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ASEAN, Africa lead India's export growth in first two months of FY27

ASEAN and Africa were the biggest drivers of India’s export growth in the first two months of FY27, with exports to ASEAN surging 66.9% to $10.5 billion and shipments to Africa rising 53.1% to $9.6 billion, according to commerce ministry…

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India Inc is returning to banks for money, but retail borrowers aren’t keeping pace

India’s largest private banks are witnessing a shift in credit demand, with corporate and SME lending driving loan growth while retail borrowing remains subdued. Stronger working capital demand, refinancing and business banking boosted advances, but slower consumer credit growth and…

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  • Supreme Court sets aside ₹425 crore penalty over fake legal citations, says material appears to be ‘hallucination of AI’

    The Supreme Court set aside a ₹425.27 crore customs penalty after finding that the order relied on AI-generated legal material. The diamond trader will now face fresh adjudication by a different customs officer, while the court warned against relying on unverified AI-generated case law.

  • Planning to quit your job at 40? Know what happens to your EPF balance and interest after leaving work

    Leaving your job at 40 does not necessarily stop EPF interest immediately. Under current EPFO guidance, an eligible EPF balance can continue earning interest until you turn 58.

  • Hindu undivided family tax benefits: Can salaried individuals also take advantage of them? Details here

    Creating a HUF allows families to benefit from independent taxation, separate deductions, and wealth management. However, merely establishing an HUF doesn't lower tax liability. Here's whether salaried individuals can form one. 

  • ₹25L bank deposit lands Bengaluru woman in tax trouble; officer links it to property sale — here's how she won

    Income tax authorities questioned a ₹25 lakh deposit by a Bengaluru resident. The cash deposit was subsequently treated as unexplained money and added back to her income. Here's why ITAT Bangalore still ruled in her favour.

  • EMI affordability: When does an ‘affordable monthly payment’ become unaffordable? Experts explain

    A manageable EMI is about more than a low monthly payment. Experts explain the 30% EMI rule, debt risks and how borrowers can assess loan affordability while protecting savings and financial security. Seeking professional guidance is a must when faced with financial hardships. 

  • Bank holiday today: Check if SBI, HDFC, ICICI branches are open or closed on Saturday, September 5

    September 5 is Teachers' Day in India, but banks remain open as it is the first Saturday of the month. RBI guidelines mandate bank closures on specific Saturdays and Sundays. Details here.

  • Could your credit card pay for a luxury hotel stay? How to maximise reward points

    Frequent travelers can leverage credit card reward points for hotel stays, unlocking loyalty benefits and free-night awards. It's crucial to strategically redeem points and compare cash prices with point requirements for maximum value, especially when hotel rates are high.

  • How to safely replace a damaged credit card

    The Reserve Bank of India (RBI) requires card issuers to provide customers with clear mechanisms for reporting lost, stolen or misused cards, along with multiple channels through which cardholders can contact them

  • Retail sugar price falls 3.85% but remains above ₹62/kg ahead of festive season; check rates

    Retail sugar price has dropped 3.85% to ₹62.57 per kg in a week, data from the Consumer Affairs Ministry showed. The slight drop follows recent government measures, including allowing imports and tightening of stockholding norms for dealers. 

  • Delivery, ride-hailing and home services — Gig workers earn 2.5x compared to similar formal and informal jobs: Report

    Delivery, ride-hailing and home services — Gig internet workers earn 2.5x, at ₹138 per hour, compared to ₹54 per hour, earned in other similar formal and informal jobs, according to a Redseer Report.

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