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NUCFDC and IIA India partner to elevate governance in UCBs

NUCFDC has partnered with IIA India to enhance governance and internal audit standards in Urban Cooperative Banks (UCBs). The alliance will help UCBs adopt globally benchmarked audit frameworks and improve risk management capabilities. This move aligns with regulatory goals to…

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Paytm gives out details of where and how it used IPO money

Paytm allocated ₹4,300 crore from its IPO to strengthen its ecosystem, focusing on user acquisition, merchant partnerships, and its payments platform. While ₹2,000 crore was earmarked for new ventures, it remains unutilized. Paytm reported a Q1 FY26 net profit of…

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Google Play, Android fuel Rs 4 lakh crore app revenue, economy boost in India during 2024: Report

A new report indicates significant revenue generation in India. Google Play and Android created approximately Rs 4 lakh crore for app developers and the Indian economy in 2024. The app ecosystem supported over thirty-five lakh jobs. India has a large…

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India to be 3rd-largest economy by 2028, to reach $10.6 trillion by 2035: Morgan Stanley

A Morgan Stanley report on Wednesday said it expects India’s economy to be the third-largest globally by 2028 and more than double in size to $10.6 trillion by 2035.

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GST notices based on UPI transaction: Traders on warpath, official calls action proper

Karnataka traders are protesting GST demand notices based on UPI data, prompting a strike call. A tax official clarified the notices are preliminary, allowing traders to provide documentation and seek exemptions. Concerns remain about the suddenness and lack of clarity,…

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GST demand over UPI credits: CM Siddaramaiah to meet stakeholders on Wednesday

Karnataka CM Siddaramaiah will meet stakeholders over GST notices sent to small traders based on UPI data, demanding tax arrears. Widespread protests are planned, with traders rejecting digital payments. The state blames the Centre, while BJP offers legal help. Rahul…

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News

  • EPF Scheme 2026: New rules on withdrawal, eligibility and limits explained

    EPF Scheme 2026: Here are the new withdrawal rules, eligibility, limits and conditions to help EPF members understand partial withdrawals under the revised framework.

  • ITR filing 2026: Do taxpayers need to file two ITRs? The tax department answers

    The shift from Assessment Year to Tax Year has sparked questions about return filing obligations. A clarification from the Income Tax Department explains why taxpayers won't need to file two ITRs for the same income.

  • 8th Pay Commission: Key lessons from 7th Pay Commission that could influence salaries

    The 8th Pay Commission may reshape government salaries by taking key lessons from the 7th Pay Commission.

  • When should young investors pivot from aggressive bets to capital preservation for retirement?

    During the accumulation stage, investors will have access to regular income and a long investment horizon, allowing them to take advantage of the potential for growth in assets such as equities.

  • HDFC Bank credit card caps SmartBuy brand voucher rewards from July 1 — What changes for customers?

    HDFC Bank has revised its SmartBuy rewards program, introducing a cap on reward points for brand voucher purchases on major premium credit cards. Here's what changes for customers.

  • Buying the dip vs SIP: Which strategy delivers better returns? Here's what math says

    Market swings often lead investors to seek ideal buying moments. However, historical data shows systematic investment plans outperform market timing strategies, as cash on the sidelines incurs opportunity costs. 

  • EPF Scheme 2026 notified under Social Security Code: New withdrawal rules and other changes you should know

    The Centre has implemented the EPF Scheme, 2026, replacing the 1952 scheme. Effective June 29, 2026, it retains contribution rates while enhancing digital compliance and simplifying withdrawal processes for members. Details here.

  • SK Hynix heads to Nasdaq: Should Indian investors choose it over Micron? Which is the better long-term bet?

    SK Hynix commands a significant share of the HBM market and its Nasdaq listing may raise billions for expansion. However, the overall demand is high, suggesting both SK Hynix and Micron can grow together despite increased competition in memory chips.

  • 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.

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