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Andhra govt allots 480 acres for Adani-Google AI data Centre in Visakhapatnam

Andhra Pradesh government has allocated 480 acres in Visakhapatnam and Anakapalli districts to Adani Infra for a 1 GW AI Data Centre. Raiden Infotech India, a Google company, is spearheading this massive project, which involves a cumulative investment exceeding Rs…

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SpotDraft appoints Amit Sharma as CFO to drive global expansion

Legal-tech firm SpotDraft has appointed Amit Sharma as Chief Financial Officer and Alon Waks as Chief Marketing Officer. These appointments support the company’s accelerated global expansion. SpotDraft is doubling down on scaling operations across the Americas, EMEA, and India. The…

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Fitch ups India’s FY’26 GDP growth forecast to 7.4% on better consumer spending, GST reforms

Fitch Ratings has raised India’s GDP growth forecast for the current fiscal to 7.4%, citing increased consumer spending and improved sentiment boosted by GST reforms. Falling inflation is expected to allow the RBI one more policy rate cut in December…

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IndusInd Bank denies report of talks to bring in strategic partner

IndusInd Bank has firmly refuted speculation surrounding the pursuit of a strategic partnership. The bank clarified that there are currently no negotiations taking place. Previous claims had indicated that Hinduja Group, its major shareholder, was interested in finding a global…

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EU to launch antitrust probe into Meta over use of AI in WhatsApp, FT reports

Brussels is gearing up to scrutinize Meta Platforms with a fresh antitrust investigation. The European Commission is particularly interested in how Meta has woven its AI functionalities into WhatsApp. An official announcement is expected shortly, as regulators delve into the…

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Rupee opens at fresh low, sinks to Rs 90.41 vs USD on heavy outflows

The Indian rupee has reached a new low, trading below 90 against the US dollar. This marks a significant slide for the currency. Foreign investors are continuing to withdraw funds from Indian stocks. The rupee’s decline is impacting exports and…

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  • Small-cap funds lead FY27 so far, beating mid, flexi and large-cap funds; JM Small Cap tops chart with over 32% return

    Small-cap funds have emerged as the best-performing equity category in FY27 so far, delivering an average return of 22.31% between 1 April and 31 July. They were followed by mid-cap funds with 17.22%, flexi-cap funds with 14.06%, and large-cap funds with 10.52% returns. 

  • How to calculate capital gains on NPS Tier II withdrawals

    The eNPS portal does not currently provide a separate capital gains statement for Tier II accounts. Here's how withdrawals may be taxed and what investors need to know.

  • Income-tax returns: Here's a list of invoices, documentation employees should retain to support tax-free reimbursements

    Income-tax returns: The due date for ITR-1 and 2 passed on 31 July, but taxpayers using ITR-3 and 4 have time to complete their process. Amid the tax season, we explain what invoices and documents employees should retain to support tax-free reimbursements.

  • No international funds open? These 15 domestic funds still hold foreign equities — two schemes have over 26% allocation

    With international mutual funds facing investment restrictions due to overseas limits, investors can explore domestic mutual funds with significant foreign equity exposure. A total of 15 equity and hybrid funds have invested in foreign stocks, including two schemes with more than 26% exposure.

  • EPFO: Want to check your employees provident fund balance, download passbook? Here's how using portal, Umang app, SMS

    Want to check your employees provident fund (EPF) balance, contributions, interest earned or download your passbook? Here's how you can do so using the official EPFO portal, Umang app, SMS, missed call or helpline.

  • Adding equity does not always increase portfolio risk: New study compares different debt, equity and gold portfolios

    A 100% debt portfolio delivered an average annual return of 6.79% with volatility of 6.38%. However, adding a 10% equity allocation improved returns to 7.99% while reducing volatility to 5.76%, showing that higher equity exposure does not always translate into higher portfolio risk.

  • 8th pay commission: As panel closes data submission window, check latest updates on group consultations

    The 8th central pay commission (CPC) has closed its window for data submission this week. Here's a look at the latest updates on its group consultations process before the panel makes its recommendations.

  • 33,730+ register for Delhi Lakshmi Yojana within 12 hours of launch: Check eligibility, documents, and steps to apply

    Delhi Lakshmi Yojana portal received 33,730+ registrations within 12 hours of its launch on 1 August. The scheme offers eligible women ₹2,500 per month. Women aged 21-60 years, with annual family income up to ₹2.5 lakh and meeting other criteria, can apply.

  • RBI fixed deposit rules changes: Could this impact FD interest rates for customers? We explain…

    RBI has allowed banks to offer differential interest rates on bulk deposits based on their liquidity risk under the Liquidity Coverage Ratio (LCR) framework. We explain how this impacts customers and if this could affect your fixed deposit rates with banks…

  • Looking for top SIP performers? These 7 equity mutual funds delivered over 20% returns in 10 years

    Only seven diversified equity mutual funds delivered annualised SIP returns of over 20% in the last 10 years, excluding sectoral and thematic schemes. A ₹10,000 monthly SIP in these funds grew to as much as ₹38.8 lakh, with small- and mid-cap funds dominating the rankings.

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