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SMBC to share its global learning with Yes Bank, help raise the bar: CEO

Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation, recently engaged with employees at Yes Bank, emphasizing his commitment to their future. He conveyed a message of confidence regarding job security and anticipated growth, following SMBC’s recent acquisition of…

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iPhone boom powers India’s electronics exports to record highs, set to overtake petroleum

In its race to the third spot, electronics dislodged gems and jewellery and chemicals from third and fourth place, respectively, in FY25.

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SBI to hire 3,500 officers in next 5 months to drive business growth

State Bank of India is set to recruit approximately 3,500 officers to strengthen its operations. The bank is also focusing on increasing its women workforce to 30 percent within the next five years. This initiative aims to enhance gender diversity…

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Japan’s Nikkei tops 50,000 mark for first time on stimulus euphoria

Japan’s Nikkei stock index has crossed the 50,000 mark for the first time. This milestone follows a series of record highs. Investors anticipate significant spending from the new prime minister, Sanae Takaichi. The Nikkei 225 saw a substantial rise, while…

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LIC refutes Washington Post report on $3.9 bn Adani investment

Life Insurance Corporation of India (LIC) has vehemently denied a Washington Post report alleging government pressure to invest $3.9 billion in Adani Group companies. LIC stated that no such proposal was ever drafted by officials, calling the report false and…

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India, US ‘very close’ to sealing trade pact: Both sides converge on core issues, legal language being finalised amid tariff uncertainties

The United States and India are nearing the completion of an innovative bilateral trade pact. As both countries engage in constructive dialogues, they’re discovering shared interests. This agreement departs from traditional free trade formats. President Trump recently held a conversation…

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  • Dearness Allowance: Breakdown of salary components — How is DA different from other allowances?

    Amid the 8th pay commission's salary revision discussions, we take a look at the differences between Dearness Allowance (DA), and other allowance components of salary, such as HRA, medical allowance, education allowance and more.

  • EPFO retains 8.25% interest rate for FY26; UPI-based withdrawals to launch soon

    Big relief for EPFO subscribers as the EPF interest rate remains at 8.25% for FY26. The upcoming EPFO 2.0 platform will introduce UPI-based withdrawals, making provident fund access faster, easier and more convenient for millions of workers.

  • Govt approves EPF rate of 8.25% for FY26: When will subscribers receive the interest amount?

    The EPFO can officially credit interest to subscribers' accounts only after the rate recommended by its governing body receives the Finance Ministry's approval.

  • Claude ‘ran like a CA’: Professionals are leaning towards AI to file income tax — Check viral prompt

    Working professionals took to social media to share how they used AI to file their income tax returns — From decoding dense tax terminologies to automatically accounting for mid-year employer switches, and more

  • Invest in mutual funds daily with just ₹10: Axis Mutual Fund launches ‘Rozana SIP’

    Axis Mutual Fund has launched the ‘Rozana SIP’ facility, which enables investing with just ₹10 per scheme per day through its website. This initiative offers a low-ticket-size approach and helps build an everyday investing habit through daily contributions.

  • Nifty 50 vs Nifty Next 50: Which index rewarded investors more? What 10-year rolling returns reveal

    Often viewed as a secondary large-cap benchmark, the Nifty Next 50 has outperformed the Nifty 50 across 3-, 5-, 7- and 10-year rolling periods. The data also shows it occupies a distinct position between traditional large-caps and mid-caps on the risk-return spectrum.

  • I asked ChatGPT if a Bengaluru DINK couple earning ₹3 lakh a month can retire by 50? Here's what AI said

    The RBI’s inflation target remains 4% with a 2%–6% band. Medical inflation has recently run far above headline inflation, and India’s life expectancy at birth is about 72 years—all of which argue for a cautious plan, said ChatGPT

  • 8th Pay Commission: Submission window closes; unions push for salary, pension reforms — a look at contentious issues

    The most contentious issue before the 8th Pay Commission centres on how minimum wages are calculated.

  • I wanted to save money without giving up my lifestyle. I asked ChatGPT for a ‘Rich Life’ financial plan

    Ramit Sethi believes that if you automate your savings targets first, you don't need to track minor purchases

  • Pre-filled ITR and AIS: Checks to complete before you hit ‘submit'

    AIS is compiled from data reported by multiple entities such as employers, banks, mutual funds, brokers, custodians, and registrars. While it is a useful reconciliation tool, it is not free from errors.

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