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RBI eases ECB norms, raises individual borrower cap to $1 bln

The Reserve Bank of India has overhauled External Commercial Borrowing rules, raising the automatic route cap for eligible borrowers to the higher of $1 billion or 300% of net worth. It also relaxed maturity norms and removed rigid cost ceilings…

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Mutual funds slash stakes in 9 of 10 IT stocks but Rs 4 lakh crore still at play

Mutual funds significantly reduced their holdings in nine out of ten major IT stocks in January, driven by concerns that AI will disrupt the traditional outsourcing model. Despite this selling pressure, the sector still holds substantial value, with managers offloading…

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AI is a big opportunity for India, not a threat for businesses: Nasscom official

Artificial intelligence offers significant opportunities for Indian companies. Instead of job losses, roles will evolve. Indian professionals are set to deploy AI globally, a major chance for the nation. Government and private sectors are training 1.5 lakh people in AI.

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$56 billion AI scare tests resilience of TCS, Infosys and other Indian IT stocks

Indian IT stocks, including TCS and Infosys, faced a $56 billion market hit amid global AI-related concerns. The sell-off tested the sector’s resilience as investors reacted to fears of automation-driven disruptions and changing technology dynamics. Despite short-term volatility, analysts say…

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Infosys partners with Anthropic to deliver enterprise AI solutions across telecom, financial services, manufacturing

Infosys on Tuesday announced a collaboration with Anthropic, an AI safety and research company, to develop and deliver advanced enterprise artificial intelligence (AI) solutions for companies across telecommunications, financial services, manufacturing, and software development.

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Ola Electric shares crash another 5% after Citi slashes target price by 51%, downgrades to Sell

Shares of Ola Electric Mobility hit a fresh 52-week low after Citi downgraded the stock to Sell and cut its target price by 51%. As reported by ET Now, the brokerage flagged weak EV penetration, market-share losses and concerns over…

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Export bonanza: How this Bengaluru farmer makes ₹50,000 a day by growing baby bottle gourds for Qatar market
Farmer Karigowda, who owns a 3.5-acre farm in Karlapura Palya in Bengaluru Urban district, grows bottle gourds that weigh around 500 grams each.
EFPO shares security advisory: Here's how to safeguard your account, in simple steps
The EPFO issued a security advisory urging members to protect personal and financial information. It warned against sharing sensitive data and warned of phishing attempts, emphasizing the use of official portals only while remaining vigilant about suspicious links.
RBI hikes repo rate by 25bps: What it means and how it impacts you | All FAQs answered
The RBI's 25-basis-point repo rate hike on 7 October is aimed at curbing inflation. This increase could raise borrowing costs for loans, affecting monthly repayments, while potential adjustments to deposit rates may also occur.
What happens to FD interest rates after RBI MPC hikes interest rates? Calculation explains basis 25 bps
The Reserve Bank of India raised the repo rate by 25 basis points to 5.50%, marking its first increase since February 2023. Here's a look at whether this could impact fixed deposit rates and what any transmission would mean for your funds.
Property or mutual funds? Where should NRIs invest their India-linked wealth? Explained
For NRIs, investing in both property and mutual funds can diversify portfolios. Check where they should invest their India-linked wealth.
Want to withdraw money from your provident funds through UPI? Testing starts: Here are 3 things you should know | Report
EPFO is testing a UPI withdrawal facility. This will allow subscribers to withdraw their balance more conveniently. Here are 3 things you should know.
EPFO wage ceiling hiked to ₹25,000: Likely enhancements in social security coverage — pension, insurance, explained
The Cabinet increased the EPF wage ceiling to ₹25,000, expanding coverage for 51 lakh employees. This change, the first in 12 years, raises employer contributions and enhances pension benefits for long-term subscribers, impacting total accumulated corpus.
5 money lessons from international bestseller ‘I Will Teach You to Be Rich’ by Ramit Sethi
Ramit Sethi's ‘I Will Teach You to Be Rich’ is an international bestseller. Here are 5 money lessons from the personal finance book.
RBI removes Paytm Payments Bank from list of scheduled banks after cancellation of banking licence — What we know
The Reserve Bank of India has removed Paytm Payments Bank from its list of recognised scheduled banks due to non-compliance with regulations. The bank's licence, cancelled in April 2023, was deemed detrimental to depositors' interests.
Bajaj Finance FD interest rates hiked: More money on your principal now; this segment can earn up to 8.15%
Bajaj Finance has raised FD interest rates by 15-40 basis points across 12-60 month tenures. Senior citizens can now earn up to 8.15% on fresh deposits and 8.25% on renewals, while regular depositors can earn up to 7.75% and 7.85%, respectively.