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TCS to lay off over 12,000 employees this year

​The move is part of the company’s broader strategy to become a “future-ready organisation”, focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement.

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SEBI’s proposed mutual fund revamp tackles multiple problems but misses these outdated rules

While the regulator’s proposed revamp of fund categorisation rules tackle fund proliferation and portfolio overlap, outdated market cap definitions continue to handcuff fund managers.

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ED probes Reliance Home Finance for writing off ₹7,000 crore loans to group firms

The Enforcement Directorate (ED) is investigating Anil Ambani’s Reliance group for allegedly diverting ₹12,000 crore from Reliance Home Finance Ltd (RHFL) to related entities. Assisted by multiple agencies, the ED is scrutinizing transactions involving 22 individuals and 60 companies.

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Economists split on interest rate cuts as inflation hits six-year low

Economists are divided on whether the Reserve Bank of India (RBI) should cut interest rates in August. Some point to low inflation, while others advocate caution, citing uncertainty in trade policy and the need to assess future inflation trends. The…

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Centre conducts over 9,700 cybersecurity audits of critical sectors like power, banking

The cyber agency issues the necessary guidelines for setting up of State/sectoral Computer Security Incident Response Teams (CSIRTs). Sector-specific CSIRTs, such as CSIRT in Finance sector (CSIRT-Fin) and CSIRT in Power sector (CSIRT-Power), are operational to coordinate cyber security issues…

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New Income Tax bill gives no new search powers, eases compliance: Baijayant Panda

Baijayant Panda, chairperson of the parliamentary select committee, stated that the new income-tax bill simplifies the tax code and reduces ambiguities for taxpayers. The committee suggested around 285 changes, including reinstating a provision on inter-corporate dividends.

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News

  • Income Tax Rules: 10 common mistakes you must avoid while filing ITR in 2025

    You need to mandatorily file your ITR if your total income is over ₹2.5 lakh under the old tax regime. For the new tax regime, the requirement is an income of ₹3 lakh and above.

  • PF rules: How does employer contribution in EPFO work? Explained in five points

    As per PF rules, both employees and employers are mandated to contribute a certain amount of the basic salary towards EPFO to boost retirement savings. However, the components of employer contribution is not the same as those of the employees.

  • Wealth management is changing. How the next generation of financial advisors can thrive.

    The financial advice industry will look different in 2030 and beyond. Understanding how it is changing is crucial for younger financial services professionals.

  • Govt to call financial bids for IDBI stake sale by Oct-Dec: Divestment secy

    The IDBI Bank sale is being jointly executed by the central government and LIC, which together own more than 94% of the bank. The proposed transaction involves offloading a 60.72% stake in total. The IDBI Bank stake sale is expected to fetch about  ₹50,000 crore for the government and LIC.

  • 3 easy ways to improve your credit score before applying for a personal loan

    Credit score: If you are planning to apply for a personal loan online soon, these are the three straightforward actions which you can take to improve your credit profile.

  • Income Tax: Avoid these 4 common mistakes that taxpayers make while filing ITR

    ITR Filing: Taxpayers should avoid making these mistakes while filing their income tax return.

  • Son of Sardaar 2: Surprising money lessons on dealing with tariffs

    Ajay Devgn plays a simple Sardaar whose wife, living in Scotland, wants a divorce just as he arrives with a visa. Heartbroken, he stumbles into a chaotic and humorous journey involving patriotic gangsters and wedding dancers, blending comedy with unexpected twists.

  • 5 key benefits of credit cards you should know before applying

    Credit cards offer numerous benefits including building credit scores, earning rewards, providing financial flexibility, enhancing security, and granting emergency credit across the nation’s financial landscape.

  • Mutual Funds: 10 new fund offers (NFOs) open for subscription in August—should you invest?

    New Fund Offers: The new schemes range from a multi-asset allocation fund to an equity savings fund, a momentum fund, and a special opportunities fund.

  • ICICI Bank to charge Google Pay, Phone Pe & other payment aggregators for UPI transactions: What it means for users

    The private lender has sent letters to payment aggregators such as Google Pay, Phone Pe, Mobikwik and RazorPay, informing them of its decision to levy a fee for UPI services, say media reports.

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