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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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OpenAI strives for Tata hand to grow footprint in India

A partnership with the Tata Group would mark the beginning of OpenAI’s Stargate India chapter while accelerating TCS’ ambition of becoming the “world’s largest AI-led services company.” India has the second-largest user base of ChatGPT after the US.

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Gold and silver price today, Sept 16: Check retail rates of 24K, 22K gold and 999 silver in Delhi, Mumbai, other cities
Gold prices in India rose nearly 0.65% today amid US-Iran conflict uncertainties. Check retail rates of both gold and silver in top metro cities of India today. 
UPI MDR from October 15: Will your mutual fund SIP, insurance premium or OTT AutoPay get costlier?
UPI will introduce MDR on select merchant payments above ₹2,000 from 15 October, but the new charge does not apply uniformly to all UPI transactions. Mutual fund SIPs through UPI AutoPay remain outside the prescribed MDR, while one-time capital-market payments get a lower 0.02% rate.
UPI MDR from 15 October: How merchant charges compare with credit, debit card fees and credit-linked UPI
From 15 October, NPCI's new MDR policy will apply to certain UPI transactions. Here's how the merchant charges compare with credit card and debit card fees, and credit-linked UPI. 
Got a stipend while studying? ₹18.34 lakh ITAT case explains when students can claim income-tax exemption
A postgraduate medical student received ₹18.34 lakh as a stipend from Aligarh Muslim University, but the Income Tax Department treated it as taxable salary. The Delhi ITAT held that the stipend was linked to her education and compulsory residency training and allowed the Section 10(16) exemption.
More households are moving up income ladder: How India's wealth pyramid could change by FY31
India’s income pyramid is shifting rapidly, with millions of households moving into higher-income brackets. As earnings rise, spending patterns, savings and investment behaviour are also changing. 
5 simple money lessons from The Intelligent Investor by Benjamin Graham: Market moods, picking stocks and more
Benjamin Graham’s The Intelligent Investor advises on understanding investments through careful examination. Check out these 5 simple money lessons from the celebrated book.
Government clarifies credit card-linked UPI payments exempt from 0.4% fee
The clarification comes ahead of the revised UPI fee structure, which is scheduled to take effect from October 15. Under the new framework, a 0.4% MDR will be applicable to certain direct account-to-merchant-account UPI payments above ₹2,000, with the fee capped at ₹300 per transaction
Same mutual fund category, different capital gains tax? How a scheme's portfolio can change your tax bill
Mutual fund investors cannot always rely on a scheme’s category to determine capital gains tax. The actual portfolio allocation and tax classification can change the holding-period threshold and tax rate. Here’s what investors should check before redeeming.
NPS Vatsalya: Rules for withdrawal and exit from scheme, explained
National pension scheme: The NPS Vatsalya Scheme allows children below 18 years to partially withdraw funds from their accounts under certain circumstances. We take a look at the process and how it works…
Large & mid-cap mutual funds vs separate portfolio split: How do their returns compare over 1, 3 and 5 years?
Large & mid-cap funds offer investors a single-fund route to large and mid-cap stocks. But how do their returns compare with pure large-cap and mid-cap funds, and what does their portfolio allocation reveal about the differences?