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India's non-sovereign debt may rise to 150 pc of GDP by 2047: Crisil

India’s non-sovereign debt could rise from approximately 84 per cent of GDP today to around 150 per cent by 2047. This structural shift will be necessary to achieve the government’s Viksit Bharat vision of a USD 30+ trillion economy by…

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RBI to counter USD/INR volatility aggressively amid geopolitical crude shock: Kotak Securities' Anindya Banerjee

The Reserve Bank of India (RBI) is expected to aggressively intervene in the currency markets if the rupee faces excessive downward pressure toward the 98 to 100 mark, though short-term capital inflows will provide a major cushion against global energy…

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WEX opens Bengaluru technology centre to expand global engineering capabilities

The new facility will serve as a strategic technology hub, housing cross-functional teams across software engineering, product development, cloud architecture, data science, AI, cybersecurity and enterprise technology.

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JioBlackRock Mutual Fund files draft papers with Sebi for 2 new schemes

JioBlackRock Mutual Fund has filed draft documents with Sebi to launch two new schemes: the JioBlackRock Corporate Bond Fund and the JioBlackRock Nifty 50 ETF. The Corporate Bond Fund will predominantly invest in AA+ and above-rated corporate bonds, while the…

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SEBI clears over 5,000 investor complaints through 'SCORES' in June

The Securities and Exchange Board of India (Sebi) resolved more than 5,000 investor complaints through its online grievance redressal platform ‘SCORES’ in June, while the number of pending complaints declined marginally during the month, according to data released by the…

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NSE got SEBI's nod to launch derivatives on Nifty India FPI 150 Index from August 12

The National Stock Exchange of India (NSE) has received SEBI’s approval to launch derivatives on the Nifty India FPI 150 Index (NIFTYFPI) from August 12, as per a statement by the stock exchange.

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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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