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Reliance partners with Meta for 168 MW AI-enabled data centre in Gujarat

Reliance Industries Limited (RIL) today announced a partnership with Meta Platforms, Inc. (Meta) for a data centre project in Jamnagar, Gujarat. RIL will develop a data center with 168 MW capacity to be delivered within two years, with an option…

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PhonePe launches AI-powered SmartPages to help merchants go online in 10 minutes

PhonePe has introduced SmartPages, an AI tool for merchants. This innovation allows businesses to build payment-ready webpages in under ten minutes. Merchants can describe their offerings, and AI generates descriptions and payment pages. This feature simplifies website creation and marketing…

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Ambani-backed robot startup seeks $100 million to lead in India

Reliance-backed robotics startup Addverb Technologies is looking to raise over $100 million to fund expansion into humanoid robots, AI and advanced automation. The company, which generates half its revenue overseas, targets a spot among the world’s top 10 robotics firms…

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Exponent Energy raises ₹200 crore led by 360 ONE Asset, TDK Ventures

Exponent Energy has secured ₹200 crore in a new funding round. The company plans to expand its rapid charging network for commercial electric vehicles across India. This investment will support expansion beyond Bengaluru and Delhi. Exponent Energy aims to become…

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Sensex jumps over 500 pts, Nifty above 23,400; Reliance Industries, HUL shares gain 1%

Indian stock markets saw gains on Wednesday. The Sensex and Nifty traded higher, led by major companies. Broader markets also showed marginal increases. Sectoral performance was mixed. Geopolitical tensions in the Middle East and rising oil prices are being monitored.…

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Joint Committee on Corporate Laws Amendment Bill, 2026 invites stakeholder views

The Joint Committee on the Corporate Laws Amendment Bill, 2026, headed by Sudheer Gupta, Member of Parliament, Lok Sabha, has invited views and suggestions from experts, industry associations, organizations and other stakeholders. Interested parties can send two copies of memoranda…

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EPFO's insurance scheme explained: Here's how members can file EDLI claims, avail up to ₹7 lakh benefit at no extra cost
The EPFO's Employees Deposit Linked Insurance Scheme (EDLI) offers insurance for members and ensures that their families receive financial payout in case of death. Here's how to claim up to ₹7 lakh benefit at no additional cost… 
Delhi Lakshmi Yojana: ₹2,500 aid cannot be spent on tobacco, gambling and...; here's what’s banned?
The Delhi Lakshmi Yojana provides ₹2,500 monthly to eligible women from low-income families, effective August 1. Beneficiaries face strict eligibility checks and spending restrictions.
Advance tax under Income Tax Act, 2025: Who needs to pay, deadlines and how to calculate it
Advance tax helps taxpayers spread their income tax payments throughout the year instead of paying a lump sum later. The Income Tax Act, 2025, introduces rules from Tax Year 2026–27. Here’s who needs to pay, key deadlines, and how to calculate it.
Oil prices could fall to $60: Will petrol and diesel get cheaper for the common man?
Mark Matthews of Julius Baer predicts crude oil prices may drop to $60 a barrel amid geopolitical concerns. While higher supply from Gulf producers could stabilise prices, sustained low prices are unlikely. The impact on consumers may be limited due to taxes and refinery costs in India.
Can an NRI be the sole trustee of an Indian private trust?
There is no prohibition under the Indian Trusts Act on appointing a non-resident Indian as a trustee of an Indian private trust. However, the appointment should be structured carefully, in the context of the rights available to beneficiaries
‘Salary will stop one day; medical bills will not’: Top fund manager warns about losing ₹2 lakh a month if...
A sizeable corpus doesn't necessarily end anxiety, said a retirement strategist, noting that many retirees are afraid to spend because they do not know how much they can safely withdraw without exhausting their savings.
Does an NRI get taxed for gifting savings to his father's HUF? Does this fall under Income from Other Sources? Explained
An NRI in the UK inquired about the tax implications of gifting savings to his father's HUF. HUFs face specific tax rules under the Income Tax Act 2025, treating unconsidered gifts as taxable income, with exceptions for relatives.
8th pay commission: Here's how much fitment factor of 2.57, same as 7th CPC, can hike salaries for employees
Fitment factor is a multiplier used to convert an employee's basic salary to the revised basic salary under the new pay commission. Today, we calculate how much of a salary hike another 2.57 fitment factor — same as 7th CPC — could provide beneficiaries.
'Building wealth isn't the goal': Deepak Shenoy’s investment advice for mutual fund SIPs goes viral
Deepak Shenoy, Founder and CEO of Capitalmind Mutual Fund, highlights the effectiveness of lump-sum investing and SIPs. He explains how initial portfolio value reflects saved money while wealth ultimately relies on both investing and spending wisely in life.
Financial constraints a major challenge in narrowing DA gap with central govt employees, says Tripura FM
Financial constraints are the major challenge to narrowing the dearness allowance (DA) gap with central government employees and pensioners, as per Tripura state finance minister Pranajit Singha Roy.