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Mehli Mistry sets rare condition for trustee renewal at Tata Trusts amid simmering differences

Tata Trusts trustee Mehli Mistry has approved Venu Srinivasan’s reappointment as trustee and vice chairman, but his approval is conditional on all future trustee renewals being unanimous. This condition applies to Mistry’s own upcoming renewal as well. The move comes…

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Trump hosts Diwali celebration at White House, says US-India ties ‘very good’

Trump also reiterated his claim that India will not be buying “too much” oil from Russia.

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SC seeks Centre’s assistance on PIL seeking nationwide ban on online gambling

​”We request VC Bharathi to look into the petition and assist us on the next date of hearing. List after two weeks,” the bench said in an order passed on Friday.

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‘Made in India’ and GST reforms boost record Diwali sales: Industry leaders

Industry leaders across India on Wednesday praised the country’s record-breaking Diwali trade this year, saying that Prime Minister Narendra Modi’s vision of ‘Made in India’ and recent economic reforms are showing strong results on the ground.

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Revised guidelines likely by March to create desi Big Four

The govt is preparing a plan to boost large audit and consultancy firms. This initiative aims to overcome regulatory hurdles that prevent domestic companies from growing. The goal is to create firms comparable to global giants. Changes to rules are…

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No change in business model post-SMBC stake; they’re engaged shareholders, not promoters: YES Bank CEO

“Nothing changes in our business model or strategy. It is too early, SMBC has only recently become the largest shareholder. I would like to reiterate, they are not promoters. Every year we have a strategy meet; this year too, SMBC,…

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  • 8th Pay Commission accelerates consultations on fitment factor and salary revision – top 5 updates

    8th Pay Commission gathers pace: The Commission is inviting stakeholder feedback before finalizing recommendations on the fitment factor, salaries and pension reforms expected to impact over 1.19 crore beneficiaries.

  • Bank holiday today: Are bank operations shut for Muharram on 26 June in Mumbai, Delhi, Chennai? Check RBI calendar here

    Bank holiday today: Banks are closed across cities in India today on account of Muharram. In addition to the common national and gazetted holidays, banks in India could have local holidays and festivals off, as required.

  • Should you invest in last year’s top mutual fund? Experts warn against this common mistake

    Experts caution against chasing performance after fund rankings, as returns are influenced by market conditions. Instead, investors should focus on long-term goals and avoid frequent switches, which can lead to missed opportunities and additional costs.

  • Micron shares surges after blockbuster earnings: Here's what is driving the rally and how Indians can invest

    Micron Technology surpassed Meta Platforms' market valuation and briefly exceeded Tesla's, following a strong forecast that boosted shares by 18.4%. With a market cap of $1.398 trillion, demand for AI-related hardware has led investors to favor Micron among trillion-dollar chipmakers.

  • Multi-cap vs flexi-cap funds: Why multi-cap funds are outperforming across 1, 3 and 5 years

    Multi-cap funds have outperformed flexi-cap funds across the 1-, 3-, and 5-year periods, reviving a long-standing debate over whether mandated diversification across market capitalisations is superior to manager-driven flexibility.

  • I asked ChatGPT which financial mistakes people in their 40s regret the most, and it gave me a lot to think

    Many professionals in their 40s discover that their biggest financial mistakes were not bad investments, but delayed decisions. By this stage, income is often at its peak, but competing obligations can make it easy to feel wealthy even as you fall behind on long-term goals.

  • Should you switch SIPs to last year’s top-performing fund? This study has the answer

    Investors who switch based on the previous year's performance may end up buying into a segment after much of its rally has already occurred. For long-term SIP investors, consistency and discipline may prove more effective than repeatedly chasing the latest market winner.

  • UTI Nifty 50 Index Fund vs ICICI Prudential Large Cap Fund: A quick comparison of passive and active investing styles

    UTI Nifty 50 Index Fund passively tracks the Nifty 50 Index, whereas the ICICI Prudential Large Cap Fund is actively managed with the objective of outperforming its benchmark through stock selection. 

  • Energy mutual funds: Meaning, top 5 funds, key factors, advantages and risks explained

    Energy funds are thematic equity schemes that invest primarily in companies in the energy sector. These funds invest in oil & gas exploration, refining, power generation and distribution, coal mining, renewable energy, energy equipment, and financing companies. 

  • I asked ChatGPT to plan a semi-luxury trip to Azerbaijan for 2 — It gave a modest ₹60K budget without flights

    For good weather plus softer luxury pricing, aim for April, May, September, or early October. 

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