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Banking jobs enter a new era as AI replaces routine roles, specialist hiring rises

The sharpest impact is likely to be felt in roles built around repetitive and standardised workflows. Data entry, document processing, routine transaction monitoring, basic reporting and some junior compliance and back-office roles are increasingly exposed to automation. Traditional branch roles…

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IndiGo parent InterGlobe Aviation appoints Kiran Thadimarri as CFO; Gaurav Negi takes advisor role

InterGlobe Aviation announced a significant finance leadership change on Monday. Kiran Thadimarri will assume the Chief Financial Officer role starting July twenty-eighth. Current CFO Gaurav Negi transitions to Advisor to the Managing Director. Thadimarri brings over twenty-four years of extensive…

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HDFC Bank fines CEO, CFO Rs 1 lakh each over MSRDC deposit case

In a notable move, HDFC Bank has penalized senior executives and delivered warning letters after conducting an internal assessment of a deposit arrangement from 2017 and 2021. The bank’s board determined that the actions were categorized as business overreach, lacking…

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Standard Chartered appoints Kavita Kulkarni as CTOO for India and South Asia

In a significant move, Standard Chartered has named Kavita Kulkarni as its new chief technology and operations officer. With over 25 years of extensive experience in banking and technology, Kulkarni will spearhead the tech and operations strategy across India and…

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India's engineering goods exports rise 21 pc in June, Oman shipments jump five‑fold

India’s engineering goods exports rose 21 per cent YoY to $11.48 billion in June, up from $9.51 billion a year earlier, driven by strong demand from the United States, Germany, China, Singapore and Oman, a statement said on Monday.

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Budget has buffers to tackle global risks, no need to revisit govt's budget estimates yet, says Sitharaman

Finance Minister Nirmala Sitharaman said the government sees no need to revise Budget estimates, citing adequate fiscal buffers to address global uncertainties, while noting improving private sector investment and growth in critical sectors of the economy.

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News

  • Student Term Insurance: When does it make sense and who should consider it?

    The key question for students and their families is whether buying term insurance is necessary or whether it makes sense to wait until the student starts earning and takes on financial responsibilities.

  • Ahead of festive season, what is silver hallmarking? Here's how to spot and read the classifications

    Silver hallmarking enables buyers to verify purity or fineness of precious metal jewellery. At present, the process remains voluntary for silver jewellery since 2005 but has been mandatory for gold since June 2021. 

  • Lock in low premiums: Why buying health insurance in your 20s can save you lakhs later

    Securing an individual insurance policy around age 25 while in good health unlocks financial and structural perks, including lower starting premiums and the ability to clear required waiting periods before medical issues arise.

  • EPFO: Rejoining after break? Here's how to activate your UAN, recover inoperative account online — Stepwise guide

    Rejoining the EPFO after a break? Here's how members can activate their UAN on the Umang app, what steps you can take to recover your account online and how your funds can be redeemed, in simple steps.

  • Are large-caps attractive after correction? Here’s what investors need to know

    R. Sivakumar from Axis Mutual Fund indicates large-cap stocks are becoming attractive after a correction, suggesting favorable conditions for investors. 

  • Uttarakhand pensions: ₹147 crore instalment released for over 9.91 lakh beneficiaries — Here's how to check

    Uttarakhand releases ₹147.05 crore pension was transferred directly into the bank accounts of 991,914 beneficiaries. In August, pensions of 5,605 new beneficiaries were also sanctioned under various pension schemes.

  • Too much AI exposure? Can Apple be the diversification play in your portfolio? What Indian investors need to know

    Investors wary of heavy AI spending by US tech giants are turning to Apple, which offers tech exposure with lower risk. Apple shares rose 7% while spending only $6.8 billion on capex, unlike major competitors investing $30-$54 billion quarterly.

  • HSBC Midcap Fund turns ₹10,000 monthly SIP into ₹2 crore since 2004

    HSBC Midcap Fund has delivered a 24.13% CAGR over three years, outperforming its benchmark and category averages across time horizons, with a monthly ₹10,000 SIP since its August 2004 inception growing to over ₹2 crore. 

  • 8th pay commission: Here's how employees, unions, stakeholders can apply online for appointment in Bengaluru

    The commission has scheduled meetings in September and October this year, in Chennai (Tamil Nadu), Puducherry (Union Territory), Chandigarh (Punjab, Haryana, Himachal Pradesh, UT), Bengaluru (Karnataka) and Mumbai (Central Railways).

  • Chandigarh consumer court orders holiday club to refund ₹95,000 with 9% interest

    Chandigarh District Consumer Disputes Redressal Commission has ordered Park Club International to refund ₹95,000 with 9% annual interest, plus ₹15,000 in compensation

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