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Tata Steel wins clearance to lift TM International Logistics holding to 74%

Tata Steel has received Competition Commission of India approval to buy IQ Martrade’s 23 per cent stake in TM International Logistics. The deal will raise Tata Steel’s holding to 74 per cent, while NYK Europe keeps 26 per cent and…

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India's GCC industry recorded revenue of $98.4 billion in FY26: Report

As India hosts 2,117 global capability centres (GCCs) operating 3,728 units across the country, the industry recorded an estimated revenue of $98.4 billion in FY26, according to a report released on Wednesday.

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Indian rupee hits three-week low, traders wary about fall to 96/USD as RBI stands guard

The Indian rupee reached its weakest point since late July on Wednesday. Elevated oil prices and sustained dollar demand pressured the currency’s value. The Reserve Bank of India’s market interventions limited the rupee’s depreciation. Crude oil futures saw a renewed…

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Stornox Launches Geo-Distributed, S3-Compatible Cloud Object Storage for Indian Enterprises

New Delhi [India], Stornox has introduced a geo-distributed, S3-compatible cloud object storage platform aimed at meeting the growing data storage, accessibility and sovereignty requirements of Indian enterprises. The platform combines cloud-native object storage with geographic distribution, scalability and compatibility with…

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Siguler Guff raises USD 500 mn for India mid-market private equity strategy

Siguler Guff has raised USD 500 million for India’s mid-market businesses. The fund will focus on founder and family-owned companies with growth potential. Investments will target sectors like consumer, healthcare, financial services, and technology. This capital will support India’s durable…

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'India should not rush into US trade deal, must protect national interests': EAC-PM Member Sanjeev Sanyal

India should carefully consider its trade agreement with the United States. Long-term interests must be protected before finalising any pact. Substantial progress has been made in ongoing trade negotiations. Sensitive areas like agriculture and dairy require careful attention. Policy stability…

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  • 7 aggressive hybrid funds delivered 12%+ 5-year SIP returns; Bank of India led with 16.5%

    Seven aggressive hybrid funds delivered 12% or more in five-year SIP returns, led by Bank of India Aggressive Hybrid Fund at 16.50%. However, performance varied widely among the category’s largest schemes, with HDFC Aggressive Hybrid Fund returning 5.99% and ICICI Prudential delivering 12.26%.

  • Gold and silver price today, Sept 28: Check retail rates of 24K, 22K gold and 999 silver in Mumbai, Delhi, other cities

    Gold and silver prices in India witnessed a sharp drop during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.

  • ₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts

    The Chennai ITAT deleted an ₹85.30 lakh tax addition on cash gifts after the taxpayer produced gift deeds, ITRs and financial statements, while all five donors confirmed the gifts. The tribunal said the initial burden under Section 68 was discharged.

  • Customers may not be able to use UPI at mobile stores on October 2; why retailers are protesting

    Mobile retailers  have called for a 'No UPI Day' protest on October 2, during which customers may not be able to use UPI for making payments at mobile shops. Here's why the protest is happening and what are their demands.

  • Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits

    An 89-year-old retired principal said ₹20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only ₹2,251 left as surplus. The ITAT has sent the case back to the tax officer to verify the records and determine who actually owned the money.

  • Tax audit due date remains Sept 30: No extension yet — Here's how much penalty you could face for late filing

    The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing. 

  • 3-day bank strike deferred: What happened during union body meet? Will SBI, HDFC Bank now remain open 5 days a week?

    The nationwide bank strike scheduled for 28-30 September has been deferred following an agreement between the IBA and the UFBU. The decision offers temporary relief to bank customers, including those of SBI and HDFC Bank, while discussions will focus on a five-day banking week and unresolved issues.

  • 3-day bank strike deferred after bank union body meet: Will SBI, HDFC Bank remain open on Monday, 28 September?

    The proposed three-day bank strike from September 28 to 30 has been deferred after the IBA and UFBU reached an understanding. SBI and other public sector bank branches are expected to operate normally on Monday, while private banks such as HDFC Bank will remain open.

  • Manufacturing mutual funds: Top scheme delivered over 23% in 1 year—did this stellar return come with higher risk?

    Manufacturing mutual funds have outperformed their benchmark over the past year, with the top schemes delivering strong returns. But higher returns do not tell the full story. How much volatility did investors take on and did the additional returns come with higher risk?

  • Your gold or silver ETF holds physical bullion: Here's what SEBI's new vault rules mean for investors

    SEBI has approved changes to its vault manager rules, bringing physical bullion underlying gold and silver ETFs under a common framework. The move strengthens requirements around how this bullion is stored, secured, segregated and accounted for.

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