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Amazon to pay more than $580 million to settle tax probe in Italy

Amazon has settled a tax dispute with Italy’s tax agency for 510 million euros. However, Milan prosecutors are not in agreement with this settlement. They plan to continue their criminal investigation into Amazon. This is one of several cases involving…

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AI’s gold rush isn’t about inventing, it’s about adopting, Nadella says as Microsoft bets $17.5B on India

Microsoft CEO Satya Nadella emphasised that rapid AI adoption, not just invention, will determine winners in the global race. He highlighted India’s unique position to accelerate in the AI era, announcing a record $17.5 billion investment to build infrastructure, skills,…

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India’s IndusInd Bank chairman to step down in January amid organisational overhaul, sources say

INDIA-BANKS-INDUSIND-India’s IndusInd Bank chairman to step down in January amid organisational overhaul, sources say

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ADB sharply revises upward India’s GDP growth to 7.2pc for FY26

The Asian Development Bank has significantly upgraded India’s FY26 growth forecast to 7.2%, driven by robust domestic consumption boosted by recent tax cuts. This upward revision also lifts Asia’s growth projection. India’s strong performance in the first half of FY26…

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SEBI undertaking comprehensive review of MF, stock broker and LODR regulations: chairman

Delivering the keynote address at the ETBFSI Converge Summit 2015, Tuhin Kanta Pandey said that SEBI will propose the idea of a consolidated financial asset statement for households, with all financial assets reflected in one place, in the inter-regulatory forum.

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Amazon to invest $35 billion in India to scale AI and logistics operations

Investment to deepen AI, cloud and fulfilment infrastructure as India emerges as a core global growth market.

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  • India bond yields above 7%: Why debt fund investors may find a sweet spot in the 3–5 year segment

    Indian bond yields have crossed 7%, raising the question of where debt investors should look. Axis MF favours the 3–5-year segment, particularly high-quality corporate bonds and select SDLs, while remaining cautious on long-duration debt amid oil, inflation, and global rate risks.

  • 8th pay commission begins three-day state visit to Chandigarh tomorrow — What's on the agenda for meetings?

    The commission's three-day visit to Chandigarh from September 16-18 will focus on employee and pensioner issues. Here's a look at what's on the agenda for meetings with representatives from Punjab, Haryana, Himachal Pradesh and the UT of Chandigarh.

  • NPCI releases MDR framework for UPI transactions — Here's what changes for merchant payments

    UPI will remain free for all person-to-person transactions, merchant payments up to ₹2,000, and for small merchants, as per the NPCI's MDR framework. The organisation says it aims to promote digital payments and ensure UPI's sustainability.

  • ‘Give your future its share’: 8 tricks to handle your incomes, savings and investments | Pay Yourself First

    By reserving a fixed percentage of income immediately, individuals can reduce reliance on discipline and make spending decisions more manageable. Check all 8 tricks. 

  • New UPI MDR rules explained: Will you pay more? What it means for users like you and me

    UPI remains free for person-to-person payments under new MDR rules. Here's what changes for merchant payments and what it means for users like you and me.

  • CCPA imposes ₹10 lakh penalty on Rapido: How dark patterns and tipping prompts nudge you to pay more for a ride

    Rapido has been fined ₹10 lakh by the CCPA over prompts that allegedly nudged riders to pay more before rides were confirmed. Here’s what the regulator found, how dark patterns can influence spending and what consumers should check before agreeing to pay extra.

  • Pension Sakhis: Rural families to soon get a local guide for NPS and retirement planning

    The government is stepping up efforts to improve pension awareness and retirement planning in rural India through a network of Pension Sakhis. The community-led initiative aims to bring pension information and support closer to households and encourage greater focus on long-term retirement security.

  • UPI is no longer free for all as conditions apply

    The National Payments Council of India has announced merchant discount rate (MDR) on a host of UPI transactions, effective from 15 October, while keeping UPI free for some. Here's what has changed: 

  • UPI transaction charges: Who will pay, who will earn and will small transactions stay free – explained

    UPI transactions up to ₹2,000 stay fee-free under a new Finance Ministry notification, covering 96% of volume. Regulators are weighing a ~0.4% charge on larger merchant (P2M) payments, with banks getting 40% of the proceeds. P2P transfers remain free regardless of transaction value.

  • Mid-cap funds are hot with investors. What’s driving the rush and should you invest now? Here’s what fund managers say

    Mid-cap mutual funds continue to see strong investor interest, supported by earnings growth, domestic demand and the formalisation of the economy. But with valuations above historical averages, fund managers caution that stock selection and diversification are crucial.

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