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Oracle mulls laying off up to 30,000 employees to fund AI infra: Report

US tech giant Oracle is planning to cut 20,000 to 30,000 jobs and sell parts of its activities to help finance expansion of its AI data‑centre capacity, a new report has claimed.

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IMF chief says global inflation to fall, trade integration is needed

Global inflation is projected to decrease significantly in the coming years. The International Monetary Fund’s Managing Director Kristalina Georgieva shared these optimistic forecasts. She also highlighted that global growth has remained strong despite major geopolitical and economic changes. Georgieva emphasized…

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India's manufacturing sector activity witnesses slight recovery in January: PMI

India’s manufacturing sector showed a slight recovery in January. New orders increased, boosting output and employment. However, business confidence fell to its lowest in three and a half years. Input costs rose moderately, but factory gate price inflation eased. Manufacturers…

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Gold and silver ETFs crash up to 20% as precious metals slump further. What should investors do now?

Gold and silver prices extended their slide for a third consecutive session, with commodity-based ETFs experiencing significant drops of up to 20%. This decline followed record highs as investors booked profits and unwound positions, triggering broad market selling. The BSE…

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Budget 2026 throws open safe harbour gates, promises sharp fall in tax disputes for IT firms and MNCs

Will sharply higher thresholds and standardised margins finally cut transfer pricing litigation for IT firms and global capability centres, can automated approvals rein in discretionary assessments, and will the certainty promised by Budget 2026 be sufficient to attract long-term foreign…

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Trump says India will buy oil from Venezuela

This follows the US easing sanctions on Venezuela’s oil industry. Trump also suggested China could secure a deal for Venezuelan crude, indicating a shift in global oil trade dynamics.

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  • 8th Pay Commission fitment factor: Is the government considering employees' key demand? Here's what it said

    The Centre has clarified that the 8th Pay Commission is not required to keep the government informed about its deliberations, including proposals on the fitment factor. It also declined to comment on employee demands, saying the Commission will determine its own procedure.

  • Over 5 crore ITRs filed for AY 2026-27: Income Tax Department urges taxpayers to file before July 31 deadline

    With the July 31 ITR filing deadline approaching, the Income Tax Department says over 5 crore returns have already been filed for AY 2026-27. Here's who should file ITR-1, who needs ITR-2, and why you shouldn't wait until the last minute.

  • 8th Pay Commission: How rise in annual increments from 3% to 5% could boost Level 1 employee pay over 5 years

    The 8th Pay Commission may consider higher annual increments for central government employees as proposed by several prominent unions. A 5% increment scenario shows Level 1 basic pay rising from ₹18,000 per month to around ₹24,200 per month in five years.

  • ITR filing deadline: Can freelancers declare earnings as business income? Tax experts explain

    Freelance income cannot always be reported as business income in ITR filings. Here is when earnings qualify as business income, salary, or other sources; common filing mistakes; presumptive taxation rules; and expert tips to avoid tax notices and ensure compliance before the 31 July deadline. 

  • ITR filing 2026: Why 31 July is not the deadline for all salaried taxpayers and who gets more time

    The 31 July ITR filing deadline may not apply to all salaried taxpayers. The applicable due date depends on the taxpayer’s overall income profile, ITR form, and audit requirements. Those with business or professional income may get additional time. 

  • Large & mid-cap funds strike a balance: Higher returns than large-caps, lower volatility than mid-caps

    Large & mid-cap funds have historically delivered a balance between returns and volatility. Over the past 5 years, the benchmark index gave 14% returns, compared with 10% for large-caps and 18% for mid-caps. 

  • PNB Housing Finance tops list of mutual funds' 10 favourite small-cap stocks; Crompton Greaves, Delhivery make the cut

    Despite varying investment strategies, some small-cap stocks are common across mutual fund portfolios. The latest analysis reveals the 10 most widely held small-cap stocks, with PNB Housing Finance featuring in 146 schemes, followed by Crompton Greaves and RBL Bank.

  • Filed ITR in May or June? Here's why you should revisit it and check these 7 key things before 31 July deadline

    Taxpayers who filed their ITR in May or June should revisit their return before the 31 July deadline. Checking e-verification status, AIS, TIS, Form 26AS, TDS credits, bank details and reported income can help avoid errors and refund delays. 

  • ITR filed and verified? Here's how the Income Tax Department spots mismatches—and when it sends a notice

    The CPC first verifies that you've used the correct ITR form, filled in all mandatory schedules, and that there are no calculation errors. If it finds major issues, you may receive a defective return notice.

  • Hidden risks of UPI Autopay: Nykaa AVP’s LinkedIn post sparks debate about free trials

    Lokesh Ahuja from Nykaa shared a cautionary tale about hidden AutoPay mandates after teaching his mother how to make UPI payments. He emphasises the importance of digital literacy.

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