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Porter appoints Gaurav Jain as CFO, elevates Shubham Gupta and Mohit Rathi to CTO and CMO

Jain joins Porter from Amazon, while Shubham Gupta and Mohit Rathi have been elevated to Chief Technology Officer and Chief Marketing Officer, respectively.

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Bikes to Billions: Rapido Rockets to $4b GOV on 8.3m Daily Orders

Rapido, a prominent ride-hailing startup, has impressively achieved an annualised gross order value of $4 billion. This remarkable growth is largely attributed to its core ride-hailing services, which dominate its transaction volume. Established in 2015, Rapido began as a bike-taxi…

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India's 2026 gold demand seen falling to six-year low on price rise: World Gold Council

India’s gold demand is expected to fall to a six-year low of around 650 tonnes in 2026 as record-high prices, rising living costs and a weak monsoon weigh on jewellery purchases and investment demand, the World Gold Council (WGC) said.

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UPL shifts jobs to business services centre as employee costs fall 15%

Speaking during the company’s Q2 FY27 earnings call, Bhikash Prasad, Group CFO, UPL said that the company had spent the last two years transitioning a significant amount of work to its GBS network. During this period, headcount at these centres…

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Anthropic warns AI could soon reach stage where it can improve itself

The company says its future AI models may soon achieve recursive self-improvement, raising concerns that AI development could accelerate faster than researchers can monitor and manage safety risks.

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India, EU discuss FTA implementation ahead of December signing

In an effort to advance their free trade agreement, India and the European Union held pivotal discussions led by Commerce Secretary Rajesh Agarwal, who visited Brussels for dialogues with prominent EU officials. Central to the talks were customs cooperation and…

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  • Equity LTCG tax relief buzz: SBI wants level playing field for bank deposits; key points for FD, savings account holders

    Amid the growing debate over LTCG tax relief on equities, SBI Research suggested a level playing field between equity investments and bank deposits. It has proposed tax relief on savings account interest to make bank deposits more attractive to savers.

  • 8th Pay Commission completes 66% of timeline — Employees await recommendations, fitment factor and revised pay structure

    One year since being commissioned, the 8th Pay Commission has completed 66% of its tenure timeline. Its ToR indicates employees and pensioners can await final recommendations, fitment factor and revised pay structure. 

  • Festive shopping on EMIs? Beware the debt trap of stacking them

    Festive deals and small monthly payments make big-ticket purchases easier, but stacking EMIs can strain cash flows, erode savings and hurt future borrowing prospects.

  • Gold, silver prices today, 4 Nov: Check 24K, 22K gold, 999 silver rates in Delhi, Mumbai, Kolkata ahead of Dhanteras

    Gold and silver prices declined in India on 4 November, ahead of Dhanteras and Diwali 2026. Check the latest retail rates of 24K, 22K gold and 999 fine silver across major cities, along with domestic and international market trends.

  • Diwali gift for these railway employees: 30-day non-productivity-linked bonus approved; know eligibility, calculation

    The Ministry of Railways has approved a 30-day non-productivity-linked bonus for FY 2025-26. Here are the eligibility conditions, the calculation formula, the ₹7,000 monthly calculation ceiling and the special provisions for employees across different service categories.

  • DA arrears case: Punjab HC issues contempt notice to chief secretary, orders compliance affidavit in 10 days—Top updates

    The Punjab HC issued a contempt notice to the state Chief Secretary and directed the Chief Secretary to file a compliance affidavit within 10 days regarding the non-compliance with the High Court's earlier order. The next hearing is on 17 November.

  • PFRDA revises MSF naming rules, clarifies how PoPs must display pension fund schemes: Key NPS changes from 1 December

    PFRDA has revised NPS scheme naming rules, removing category codes from MSF scheme names while requiring separate risk-category disclosures. It has also clarified how PoPs must display pension fund schemes during subscriber onboarding. 

  • ₹8.66 crore cash trail found on woman's computer during Income Tax raid: Why ITAT gave her a clean chit

    An Income Tax search uncovered ₹8.66 crore in cash transactions on a woman's computer, triggering a massive tax demand. But ITAT ruled that the expenditure belonged to a real estate company, not the woman, and deleted the tax addition.

  • How to check gold purity at home: 5 simple tests to identify genuine gold jewellery; check BIS hallmark and HUID

    Many consumers may not know how to distinguish genuine gold from jewellery containing a higher proportion of other metals. While professional laboratory testing remains the most reliable way to establish gold purity, certain simple checks at home can help identify possible irregularities

  • PNB and Canara Bank revise FD interest rates in November 2026: How much can general, senior citizens earn now?

    PNB and Canara Bank have revised their fixed deposit interest rates from November 1 and 2, 2026, respectively. The changes affect select tenures and returns for general customers and senior citizens, while Axis Bank has also revised rates on bulk deposits of ₹3 crore and above from November 3.

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