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AI won’t trigger layoffs; will shift people from backend to frontlines, says HDFC Bank CEO

HDFC Bank is investing heavily in technology and running lighthouse experiments around generative AI to re-engineer processes and enhance customer experience. CEO Sashidhar Jagdishan said AI will not cause job cuts but will instead move people from the back end…

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Inside the RBL Bank–Emirates NBD Deal: All you need to know

In what is India’s biggest FDI deal, Dubai-based Emirates NBD will acquire a 60% stake in Kolhapur-headquartered RBL Bank, making it the UAE lender’s Indian subsidiary. The transaction, CEO R. Subramaniakumar said, will catapult RBL into the league of large…

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State of the economy: How macroeconomic indicators performed in September 2025?

GST 2.0 rollout, easing inflation, and resilient credit growth highlighted September 2025, even as UPI transactions, employment, and PMI signaled mixed momentum. How do these macroeconomic indicators reflect India’s economic trajectory? Let’s unpack it in ETBFSI’s State of the Economy:…

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Eternal gets GST demand order, penalty of over Rs 128 cr

The demand order received from Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh is with respect to short payment of output tax and excess availment of input tax credit for the period April 2023 to March 2024 with interest and penalty…

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India Inc brings home spirit of Diwali, lets employees keep it light

Cos are offering gifts of flexibility-from WFH option to avoid festive traffic, celebrating with staff who reach office despite the rush, to extended time-off. Auto sector bonus has been put in the fast lane.

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UltraTech Cement’s fixed costs to drop in current quarter: CFO Atul Daga

This quarter, UltraTech Cement plans to significantly lower its fixed costs by nearly ₹100 per tonne, driven by reduced maintenance, marketing efforts, and workforce expenses.

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Paid taxes abroad? Here's how Form 67 helps claim foreign tax credit in India
Foreign Tax Credit allows Indian residents to reduce their tax liability in India by claiming credit for taxes already paid in another country. The Income Tax Department allows eligible resident taxpayers to claim a Foreign Tax Credit (FTC) by filing Form 67 along with the supporting documents.
ITR filing 2026: Think twice before claiming fake tax deductions — You could land in prison, face penalties
Taxpayers who falsely claim deductions to reduce tax liabilities could face severe penalties, prosecution, or imprisonment. Here are the consequences if a taxpayer is found guilty.
EPFO automates PF transfer after job switch — Does it benefit private or exempted PF trust members?
EPFO simplifies the provident fund transfer process for Aadhaar-linked and KYC-compliant UAN holders by automating it, reducing paperwork. Here's whether private trust-managed funds will benefit from this new feature or not.
Annapurna Yojana: Haven't you received your payment yet? 8 reasons why
The first funds of the Annapurna Yojana were credited to nearly 1.1 crore beneficiaries. West Bengal's Chief Minister reported 1.6 crore applications were received, with 26 lakh rejected for various reasons.
Same trip, same loss: why was one insurance claim rejected?
In situations where two insured individuals are affected by the same insured event but receive contradictory decisions, it is reasonable to seek clarification based on such differential treatment. An insurer should be able to explain why identical facts have resulted in different outcomes.
Bengaluru landowner sold 17 flats, made ₹11.8 crore and paid no tax — then won the tax dispute | Know how
A Bengaluru resident won a tax dispute over capital gains of ₹11.8 crore from selling 17 apartments. Although the income tax department initially rejected his tax exemption claims, the ITAT ruled he could claim exemptions on multiple properties, as each sale was an independent transaction.
India's CPI inflation is 4.38%, but your personal inflation could be higher. Here's how to calculate it
India's CPI inflation stood at 4.38% in June 2026, but your personal inflation rate may differ depending on your spending habits. Using MoSPI's category-wise inflation data, you can calculate your own personal inflation rate.
2 crore ITRs already filed: Experts explain why you must submit your tax returns before 31 July deadline
With two crore income tax returns already filed, experts advise taxpayers to complete their ITR filing before the 31 July deadline. Early submission can help avoid last-minute errors, resolve tax mismatches, claim refunds faster and ensure smooth compliance without depending on an extension.
Why diversification—not stock picking—could define wealth creation over the next decade
As markets become more volatile and leadership shifts across asset classes, investors may need to rethink portfolios built around a single source of returns.
UPI vs Credit Cards: Experts explain how to choose right payment method for everyday spending
UPI and credit cards each offer unique advantages for everyday payments. Here are the key differences, benefits, rewards, credit score impact, and practical tips for choosing the right payment method for daily spending, budgeting and long-term financial planning in India.