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Nothing India appoints Hemant Kundavaram as CFO to lead financial strategy

Nothing has appointed Hemant Kundavaram as CFO for its India operations, signaling the country’s strategic importance. Kundavaram’s extensive experience in finance, including fundraising and IPOs, will be crucial as Nothing scales its presence in India. This appointment follows a period…

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Vishal Bhatia named CFO of FincFriends amid expansion into Tier 2 & 3 markets

FincFriends, the NBFC of RupeeRedee, has appointed Vishal Bhatia as CFO. Bhatia has experience in lending and fintech. He will oversee financial planning and compliance. His role includes strengthening financial controls. He will also support expansion across India. Artem Andreev…

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Tariffs and geopolitics may drive down global tech spending growth

Expectations of IT business growth in 2025 have been successively slashed by all leading forecasters — Canalys, Forrester, Gartner and IDC — since tariffs first raised their ugly head in bilateral discussions in the Spring.

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Amazon India announces 1.5 lakh new jobs owing to festive demand

Job opportunities were created for thousands of women associates and over 2000 PWDs (differently abled people), and the company has already onboarded many of these new associates, a release from Amazon India said.

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Japan’s SoftBank to take $2 billion stake in computer chip maker Intel

SoftBank, the Japanese tech giant, will invest in Intel. The investment is worth $2 billion. SoftBank is increasing its investments in US technology. Masayoshi Son, SoftBank chairman, announced the investment. Intel’s shares fell after the announcement. Intel is reducing its…

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Rs 3,100 crore mutual fund battle: Why MFs are ditching Zomato for Swiggy

Zomato Vs Swiggy: Mutual funds exhibited contrasting strategies in July, divesting approximately ₹1,700 crore worth of Eternal shares amidst a 17% surge, while simultaneously investing ₹1,400 crore in Swiggy, whose shares have declined 26% year-to-date.

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  • Gold, silver prices today, 21 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

    Gold and silver prices today, 21 October: Check the latest 24K and 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities. Also, track MCX gold and silver futures, key market movements, and factors influencing precious metal prices.

  • SIFs vs mutual funds performance in 2026: Equity and hybrid scheme returns, risks compared — what investors need to know

    SIFs offer long-short strategies that traditional mutual funds generally cannot. A study compares their downside protection, market recovery, and year-to-date returns, with equity long-short SIFs down 1.8% versus 6.9% for large-cap funds. Here's what investors need to know. 

  • Finance Ministry exempts interest on NDB's Maharaja Bonds from TDS: What changes for resident investors and FIIs?

    The Ministry of Finance has exempted interest payments on the New Development Bank’s Maharaja INR Bonds from TDS for eligible resident investors and foreign institutional investors from the tax year 2026-27.

  • Small-cap mutual funds: Should you pick funds with high index overlap? What one-year returns show

    Small-cap mutual funds with higher benchmark overlap did not necessarily deliver better returns. Value Research data shows one-year returns ranging from -0.1% to 29.1% across 10 schemes, highlighting why investors should look beyond portfolio overlap when choosing funds.

  • Bought a ₹50 lakh LIC policy on ₹4.81 lakh income? Why ITAT rejected the woman’s claim and upheld the tax addition

    A woman who declared ₹4.81 lakh income invested ₹50 lakh in an LIC policy, claiming the money came from her late husband’s HUF. ITAT rejected her explanation for lack of evidence and upheld the ₹50 lakh addition as unexplained investment.

  • CBDT notifies Form 173A for government securities: New tax exemption rules for eligible foreign investors

    CBDT has notified Form 173A for eligible foreign institutional investors and the Bank for International Settlements claiming tax exemption on government securities. The form requires disclosures on holdings, interest income and capital gains.

  • Indian equities vs gold vs US stocks: Which asset class delivered the highest returns in 2026 so far?

    Indian equities fell 6.81% in 2026 so far through September, while US stocks gained 12.75% and gold rose 11.56%, according to Edelweiss Mutual Fund research. Short-term bonds returned 3.57%, while silver and Chinese equities posted losses.

  • One family brand, two heirs: how can you avoid trademark disputes?

    A family trademark is not a separate legal category under India’s trade mark law. For business owners planning succession, the key is to clarify ownership and usage rights before disputes arise.

  • Emergency fund: Earn ₹1 lakh a month? Here’s how much you should save for 6, 9 or 12 months, experts explain

    An emergency fund should cover six, nine or 12 months of essential expenses, depending on job security, family responsibilities and income stability. Home loan EMIs, insurance premiums and school fees should be factored into the savings target.

  • Land dispute lasted 23 years and ended in a ₹1.5 crore payout. Why did ITAT classify it as capital gains?

    A ₹1.5 crore payout after a decades-long land dispute was held taxable as capital gains, not income from other sources, by Ahmedabad ITAT. The ruling clarifies the tax treatment of assigned property rights, but does not make the receipt tax-free.

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