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Slice Bank in talks to raise $250 million to expand its digital banking operations

Slice has also obtained the regulator’s approval to operate under its new identity Slice Bank, expanding its scope beyond fintech. Its merger with the Assam-based North East bank was approved in October.

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Mega deals may halve at IT majors on client business rejig

Indian IT firms may see a decline in mega-deal contributions as clients shift focus to smaller, more flexible deals. While mega-deals remain crucial, their share is stabilizing around 50%. Large deals will still account for 55-65% of new revenue. This…

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India may see 15-20% surge in non-US GCCs in the next two years

India is poised for a surge in GCCs from non-US companies, particularly from Europe and Japan. Driven by the success of US companies and a desire for cost savings, the UK, Germany, and Nordic countries are leading this expansion. While…

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Meesho closes $550 million round; moves NCLT to shift domicile

Meesho is now aiming to file the draft IPO papers in the second half of 2025 and a potential listing in 2026, contingent on the speed of NCLT approval, People aware of the development told ET. If successful, this may…

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Foreign controlled companies in India can use stocks to buy stakes in local companies

The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enhancing deal flexibility. This move clarifies and simplifies downstream investment procedures while restricting investments by Chinese subsidiaries in India…

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Budget 2025: India Inc seeks game-changing corporate tax cuts, R&D boost, and MSME overhaul

With the Union Budget 2025 just around the corner, experts are calling for bold tax reforms—extending concessional tax rates for manufacturing, ramping up R&D incentives, and simplifying MSME compliance among key expectations. Will these game-changing moves propel India into its…

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  • ITR filing AY 2026-27: How to report Sovereign Gold Bond income correctly and avoid tax filing mistakes

    Taxpayers filing ITR for AY 2026-27 must correctly report Sovereign Gold Bond interest and capital gains. Check how SGB interest, maturity redemption and pre-maturity sales are taxed, which ITR schedules to use, and why the Budget 2026 changes will not apply this year.

  • 8th Pay Commission: Level 1 and Level 10 salaries compared under 2.1, 2.5 and 3.0 fitment factors

    The 8th Pay Commission's fitment factor will determine future salary and pension revisions for government employees. Here's how different fitment factor scenarios could impact basic pay, allowances and overall earnings, while highlighting why the final government decision remains crucial.

  • ITR: Attention taxpayers! Excel utility for ITR-5 and ITR-7 released — Here's how to use, which forms to choose

    As the 31 August deadline nears, taxpayers can use the Income-Tax Department’s Excel Utility for ITR-5 and ITR-7 on the e-filing portal for FY26. This allows offline preparation of returns before digital submission, ensuring timely processing.

  • Delhi Lakshmi Yojana: Beneficiaries to get ₹2,500 per month — Check eligibility, monthly benefits and how to apply

    Delhi Lakshmi Yojana: Beneficiary women will get ₹2,500 per month under the scheme earlier known as Mahila Samriddhi Yojna. Check here for details on eligibility criteria, the monthly benefits and steps for how to apply.

  • EPFO automates PF transfer — will it apply if you changed jobs long ago but never transferred your balance?

    EPFO has automated the PF transfer process for Aadhaar-linked UAN holders when switching jobs. Here's who stands to benefit from this feature and whether it will apply if you changed jobs months or years back but never transferred your balance.

  • 8th pay commission: Here's how much HRA could change for employee levels 1-5 based on fitment factor suggestions

    8th pay commission: We take a look at the likely revision in house rent allowance (HRA) for central government employees across level 1 to 5 in X, Y and Z category cities based on suggested fitment factor.

  • Want to build ₹1 crore corpus in 10 years? Here is the monthly SIP you need

    The size of your mutual fund investment depends on two key factors: the rate of return and the amount of SIP. The higher the rate of return, the bigger the corpus.

  • Nifty India Consumption Index beats Nifty 50 over 3, 5, and 10 years: Here are the top 5 ETFs tracking the theme

    The Nifty India Consumption Index tracks 30 companies across sectors linked to India's consumption story, including FMCG, automobiles, telecom, and healthcare. Investors can access this theme through ETFs such as Nippon India ETF Nifty India Consumption and ICICI Pru Nifty India Consumption ETF.

  • EPFO 3.0: What has changed — Before vs after, updated rules, CITES project, online access and new features explained

    EPFO 3.0 enables members to withdraw up to 75% of their EPF balance via UPI, enhancing quick access to funds for various needs. The system upgrade allows for automatic account transfers when changing jobs and offers digital solutions for claims and account management, improving efficiency.

  • Credit score dropped despite paying on time? Here's how to get it corrected

    A sudden drop in your credit score isn't always caused by missed payments. Experts explain how to identify reporting errors, dispute incorrect entries and get your credit profile corrected.

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