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Nothing India appoints Hemant Kundavaram as CFO to lead financial strategy

Nothing has appointed Hemant Kundavaram as CFO for its India operations, signaling the country’s strategic importance. Kundavaram’s extensive experience in finance, including fundraising and IPOs, will be crucial as Nothing scales its presence in India. This appointment follows a period…

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Vishal Bhatia named CFO of FincFriends amid expansion into Tier 2 & 3 markets

FincFriends, the NBFC of RupeeRedee, has appointed Vishal Bhatia as CFO. Bhatia has experience in lending and fintech. He will oversee financial planning and compliance. His role includes strengthening financial controls. He will also support expansion across India. Artem Andreev…

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Tariffs and geopolitics may drive down global tech spending growth

Expectations of IT business growth in 2025 have been successively slashed by all leading forecasters — Canalys, Forrester, Gartner and IDC — since tariffs first raised their ugly head in bilateral discussions in the Spring.

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Amazon India announces 1.5 lakh new jobs owing to festive demand

Job opportunities were created for thousands of women associates and over 2000 PWDs (differently abled people), and the company has already onboarded many of these new associates, a release from Amazon India said.

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Japan’s SoftBank to take $2 billion stake in computer chip maker Intel

SoftBank, the Japanese tech giant, will invest in Intel. The investment is worth $2 billion. SoftBank is increasing its investments in US technology. Masayoshi Son, SoftBank chairman, announced the investment. Intel’s shares fell after the announcement. Intel is reducing its…

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Rs 3,100 crore mutual fund battle: Why MFs are ditching Zomato for Swiggy

Zomato Vs Swiggy: Mutual funds exhibited contrasting strategies in July, divesting approximately ₹1,700 crore worth of Eternal shares amidst a 17% surge, while simultaneously investing ₹1,400 crore in Swiggy, whose shares have declined 26% year-to-date.

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  • Dream Money to shut ops on July 30 within a year of launch: What happens to your mutual funds, FDs and digital gold

    Dream Sports will shut down its fintech platform Dream Money on July 30. Here's what happens to your mutual funds, fixed deposits and digital gold.

  • Selling property or stocks? These 5 smart hacks can help you save capital gains tax

    Capital gains tax can be minimized through strategic planning and compliance with the Income Tax Act. Taxpayers may claim exemptions, utilize capital losses, consider holding periods, maintain accurate records, and time sales effectively to reduce their tax liability legally.

  • FCNR deposits are a 'no-brainer' for NRIs, so what may be holding them back? Zerodha's Nithin Kamath explains

    Zerodha's Nithin Kamath highlights long account-opening processes as a barrier for NRIs to benefit from FCNR deposits. The RBI's favorable changes make it easier, but slow onboarding could diminish interest. 

  • Performance-linked mutual fund fee vs TER: How SEBI’s new model works and why fund houses are hesitant

    SEBI has proposed a performance-based fee framework for mutual funds, linking fees to a fund's performance rather than a fixed ratio. However, industry hesitance stems from operational challenges and complexities associated with variable fee structures.

  • Microsoft, Nvidia, Apple to Amazon - lose $2.3 trillion in June: Is it time to trim your US tech stocks?

    The Magnificent Seven tech stocks lost $2.3 trillion in value in June due to uncertainty over AI investments. Major declines were noted for Microsoft and Nvidia. Investors are advised to diversify portfolios and consider market concentration to mitigate risks amidst fluctuating valuations.

  • ITR filing 2026: 6 costly mistakes salaried taxpayers should avoid before 31 July deadline

    As the last date of filing ITR looms closer, it is important to be careful about certain key factors. These include choosing the right ITR form and regime, and cross-verifying taxable income against the disclosures made in AIS/TIS.

  • New vs old regime: Earning ₹20 LPA? Here's which regime saves you over ₹1 lakh

    The tax regime choice becomes more nuanced at a ₹20 lakh annual salary, where the Section 87A rebate is no longer available. A comparison shows whether common deductions under the old regime can outweigh the new regime's lower tax rates.

  • NRI selling investments? Here's how you can save capital gains tax

    Section 215 of the Income Tax Act, 2025 allows eligible NRIs to claim exemption from long-term capital gains tax. But the benefit is available only if strict conditions on investment source and reinvestment are met.

  • Low-volatility mutual funds: Should you invest? Here's what experts say

    Low-volatility mutual funds seek to cushion market downturns while keeping investors invested in equities. Understand how the strategy works and who should consider it.

  • From ITR to Aadhaar: Key financial changes kicking in from July 1

    Several financial changes come into effect from 1 July, including revised ITR filing deadlines, free Aadhaar email updates and new RBI rules against bank mis-selling. Here's how they could affect you.

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