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US chip toolmaker Lam Research to invest over $1 billion in India

Lam Research plans to invest over 100 billion rupees in Karnataka, boosting India’s semiconductor industry. This aligns with India’s $10 billion incentive package to grow its chipmaking sector, aiming for a $63 billion market by 2026. India’s IT minister sees…

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Fintech startup Mysa raises $2.8 million for expansion plan

Mysa, founded by Arpita Kapoor and Mohit Rangaraju, offers a unified finance and banking platform designed to help mid-sized businesses—those with annual revenues or spending between Rs 10 crore and Rs 300 crore—manage their financial operations.

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Rupee extends intervention-spurred gains, hits near two-week high

The Indian rupee hit a near two-week high on Wednesday following a significant intervention by the Reserve Bank of India, forcing the liquidation of bearish positions. The DBS Bank anticipates the rupee to weaken by mid-2025 due to the dollar’s…

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Semiconductor manufacturing tools maker Lam Research commits Rs 10,000 crore investment in India

Lam Research, an American chip-making tools supplier, is set to invest Rs 10,000 crore in Karnataka, India. This move signifies a significant milestone in India’s semiconductor industry growth, following the government’s Rs 76,000 crore incentive package launched in 2021 to…

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Idea is not to maximise revenue, but to collect which is due to govt: CBIC Chair

CBIC Chairman Sanjay Kumar Agarwal emphasized that revenue collection should focus on dues owed to the government. He discussed the importance of collaboration to overcome bottlenecks for India to become a cost-effective global value chain. Agarwal also highlighted training for…

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PM Modi meets Pichai in France, discusses ‘India’s digital transformation’

Prime Minister Narendra Modi met Google CEO Sundar Pichai at the AI Action Summit in Paris to discuss the potential of AI in India and collaborative efforts for digital transformation. They explored leveraging AI to boost India’s economy and security.…

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8th pay commission to close job vacancies for consultant roles in August — Check eligibility, salary and other details
8th CPC: The 8th pay commission has invited eligible candidates to fill vacancies for consultant roles. Here are details on job openings, qualifications required, salary and the deadline for applications.
EPFO portal now offers two ways to transfer your PF balance after changing jobs — here's the entire process
The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.
DA hike: Amid expectations of dearness allowance increase in July, here's a look at the past announcements
DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.
ITR filing 2026: If your income exceeds ₹1 crore, this disclosure is mandatory
Taxpayers earning over ₹1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.
Pension rules: Orissa HC says government employees can't lose pension over leave alone
The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.
Nasdaq 100 tops 20-year returns at 21%; Nifty Midcap leads Indian markets: Which investment created more wealth?
The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.
EPFO centralised database migration: Single portal for claims, digital interface, CITES project — Key features explained
The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.
Received money, shares or property as a gift? It may be tax-free, but here's when you will have to pay tax
Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.
Quant Small Cap Fund portfolio: Reliance Industries among 9 stock exits, 5 new additions in June
Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.
Who is an NRI for income tax purposes? Know the conditions under which ITR filing is required in India
Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, income earned from Indian sources, and other conditions such as salary, rent, capital gains, business income, TDS refunds, and DTAA claims.