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Anil Ambani’s Reliance responds after ED raids 35 sites in Rs 3,000 cr money laundering probe

The Enforcement Directorate raided 35 locations linked to Anil Ambani’s Reliance Group in a ₹3,000 crore money laundering probe tied to YES Bank loans. Reliance Power clarified it operates independently of RCom and RHFL, the focus of allegations. The group…

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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers

Amazon is offering substantial salaries, up to $263,700, to foreign hires for software engineering and other roles under O-1 and H-1B visas. These base salaries, revealed in mandatory filings, don’t include equity. Notably, the online retail giant has been cutting…

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Minimalist will not survive after HUL acquisition, says Bombay Shaving Company CEO

Shantanu Deshpande of Bombay Shaving Company predicts Minimalist will struggle post-acquisition. He cites founder departures and integration challenges. Hindustan Unilever acquired Minimalist for a significant sum. The deal and leadership changes at HUL fuel the discussion. Some defend Minimalist’s potential…

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Geojit Financial Services to shift revenue mix towards distribution, targets 60 percent share by FY30: CFO Mini Nair

Highlights: * Geojit aims to rebalance revenue mix to 60 percent distribution by FY30. * Plans to onboard 30 lakh clients and add 200 branches in five years. * Rising SIP and mutual fund adoption among young investors influencing shift…

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SoftBank-backed InMobi looks to raise $1 billion via Indian IPO

InMobi, a mobile advertising platform supported by SoftBank, intends to launch an IPO in India. The company aims to raise $1 billion. It plans to appoint arrangers for the Mumbai IPO and submit a draft prospectus this year. InMobi may…

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BigBasket turnover declines in FY25 amid rising quick commerce competition

BigBasket, the Tata Digital-backed e-grocery platform, experienced a decline in annual turnover. This was due to stiff competition from quick commerce rivals like Blinkit and Zepto. Innovative Retail Concepts’ turnover fell 3% to Rs 7,673 crore. Losses also increased to…

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Mutual fund direct plans to become default on AMC apps from November 1; what investors need to know
SEBI will make direct mutual fund plans the default option on asset management companies’ digital platforms from November 1. Investors choosing regular plans must be informed about their higher expense ratios, chairman Tuhin Kanta Pandey said.
PM-Kisan 24th instalment on October 30: PM Modi to release ₹18,680 crore for farmers — check details
Prime Minister Narendra Modi is scheduled to release the 24th PM-Kisan instalment in Gujarat on October 30, distributing more than ₹18,680 crore to over 9.34 crore farmer families. Check who's eligible and other details.
Deposited wedding gift money in your bank account? ITAT ruling explains when cash deposits can face income tax
The Pune ITAT accepted ₹2.75 lakh of a bank employee’s ₹3 lakh cash deposits as wedding gifts and savings but sustained a ₹25,000 addition due to missing gift confirmations. The ruling highlights why taxpayers should maintain records of cash gifts and their sources.
EMI late payment charges: Can missing your loan EMI by just one day hurt your credit score? Know what the rules say
Missing a loan EMI by one day can attract late-payment charges, but an immediate credit score drop is not inevitable. Know what RBI rules say about overdue EMIs, credit bureau reporting, penalties and how to protect your credit profile.
Selling property in India by an NRI to another NRI vs. an Indian resident: Tax implications and TDS
The capital gains tax implications for residential property would remain the same whether you sell it to a resident Indian or to an NRI.
42% of India's rich families lack formal succession plans, finds report; here's how they plan to preserve wealth
Indian business families are increasingly balancing continuity with growth, according to a study by Grant Thornton Bharat and Entrust Family Office. Although most have some succession direction, many have yet to formalise plans. 
India gold price today, October 28, 2026: Check 24K, 22K and 18K gold rates per 10 grams before buying jewellery
Gold prices in India rose on October 28, 2026, with 24K gold at ₹1,42,300 per 10 grams and 22K gold at ₹1,30,347, according to IBJA. Check the latest gold rates and what buyers should know before purchasing jewellery.
DA hike July 2026 salary increment calculator: What will be increase in monthly amount with 3% dearness allowance hike?
The central government has raised dearness allowance and dearness relief by 3 percentage points for employees and pensioners. Here's how the hike will reflect. 
Choosing equity mutual funds: Why long-term returns matter, but 1-year performance also deserves a look; experts explain
Equity mutual funds can deliver strong 3- and 5-year returns yet struggle over one year. Does this signal a temporary market setback or deeper portfolio issues? Experts explain the warning signs investors should watch for before investing or exiting their current holdings. 
DA hike news 2026 July: Diwali gift is here for Central Government employees - 3% Dearness Allowance approved; DR too
The Union Cabinet has approved a 3-percentage-point hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners.