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Walmart’s Indian-origin CFO ‘blamed’ as the world’s largest retailer cuts 1500 technology jobs

Walmart recently cut 1500 jobs as part of a restructuring effort, sparking debate around H-1B visas and scrutiny of Indian-origin CTO Suresh Kumar. The layoffs, primarily impacting the technology department, aim to streamline operations amid evolving technological demands. Walmart maintains…

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Zepto founder Aadit Palicha alleges smear campaign by rival CFO as quick commerce race heats up

Zepto’s cofounder, Aadit Palicha, accused a rival company’s CFO of orchestrating a smear campaign by spreading false information to investors and media. Palicha defends Zepto’s financial health, citing significant growth in gross order value and Ebdita improvement. He asserts the…

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India’s auto sector duty concession offer to UK under FTA is very nuanced: Official

Import duties will be reduced over 10-15 years with adequate safeguards for sensitive sectors. The agreement aims to double two-way commerce by 2030, benefiting companies like Tata-JLR.

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ONGC makes promising oil, gas discoveries in Mumbai offshore

Oil and Natural Gas Corporation has announced significant oil and gas discoveries in the Mumbai Offshore basin. These finds, named Suryamani and Vajramani, were made in blocks awarded under the Open Acreage Licensing Policy.

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UP government to invest Rs 6,124 crore on building ring roads, bypasses

The Uttar Pradesh government is poised to invest Rs 6,124 crore in constructing ring roads, bypasses, and flyovers to enhance connectivity and traffic management across the state. The Public Works Department’s blueprint for the financial year 2025-26 includes 62 projects,…

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NCLAT directs NCLT to promptly decide stay on EoI for Jaiprakash Power, Jaypee Fertilisers

The NCLAT has directed the NCLT to expedite its decision regarding the stay on inviting Expression of Interest for Jaiprakash Associates’ investments. This involves Jaiprakash Power Venture and Jaypee Fertilisers & Industry. The appellate tribunal urged the NCLT to consider…

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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.