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ITC shares decline over 3 pc; mkt valuation drops by Rs 17,269 cr

ITC shares plunged over 3% after British American Tobacco (BAT) divested a 2.5% stake in the company for Rs 12,927 crore. The stock settled at Rs 420.10 on the BSE, with the company’s market valuation declining by Rs 17,269.48 crore.…

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MSMEs must comply with quality standards, be more responsive: Consumer Affairs Secretary

The secretary said MSMEs need to be more proactive in sharing their problems and asked the industry to demand new standards as well as participate in formulation of these quality norms.

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Myntra secures Rs 1,063 crore funding from Singapore-based parent entity

Myntra secured Rs 1,062.5 crore ($124 million) funding from parent FK Myntra Holdings amid its expansion to Singapore. The firm launched Myntra Global to serve the Indian diaspora, turning profitable in FY24 with Rs 31 crore net profit. It is…

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IndiGo names Vikram Singh Mehta as new chairman

IndiGo appointed Vikram Singh Mehta as its new chairman, succeeding Venkataramani Sumantran. Mehta, an existing board member, brings experience from Shell and board roles at Colgate Palmolive India, Mahindra & Mahindra, and Larsen & Toubro. Sumantran had served as chairman…

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Indian stock market ends lower, FMCG stocks drag

The Indian stock market closed in the red on Wednesday for the second consecutive day amid prevailing premium valuations and mixed global cues.

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Chief economists see global growth coming under strain; India story intact: WEF

Global economists predict strong economic growth in South Asia. India is likely to lead this expansion in 2025 and 2026. However, trade policy and AI could strain global growth. US economic policy may delay business decisions and raise recession risks.…

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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.