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NCLT approves Shree Naman's Rs 1,800 cr bid for Gstaad, Neo Hotels

The bankruptcy court in Mumbai has greenlit Shree Naman Developers’ ambitious acquisition valued at ₹1,800 crore for two hotel establishments. This comprehensive plan allocates ₹1,611 crore to Gstaad Hotels and ₹189 crore to Neo Capricorn Plaza, significantly surpassing the total…

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Finmin secures $1 billion IFC funding for MSMEs; $500 million already released to Sidbi

India secured one billion dollars from the International Finance Corporation for banks. This funding will provide long-term credit to small businesses and financial institutions. The facility will address a key gap by offering loans of up to seven years. It…

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Changing user habits to drive HUL's next growth cycle: MD Priya Nair

Hindustan Unilever is banking on the evolution of household habits for sustainable growth. The advances in LPG adoption and a greater reach of tap water are paving the way for new consumption trends. Additionally, the influence of Gen-Z is altering…

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Demat account additions hit 7-month high in August as IPO boom draws investors

August witnessed a surge in new demat accounts, reaching a seven-month peak due to strong initial public offering activity that spurred many newcomers to the markets. Collectively, NSDL and CDSL welcomed around 3.27 million new accounts, even as benchmark stock…

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OpenAI acknowledges 'wiki incident'; plans framework to report unintended AI behaviour

OpenAI has acknowledged the growing real-world risks from unintended AI behaviour, including the recent “wiki incident”, and said it is developing a framework for disclosing such incidents, which it plans to share in the coming weeks, while also working with…

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Meta deploys robots from Watney Robotics, Kinova and ABB as data centre costs rise

The company is evaluating robotic arms for power cycling and cable swapping operations, this initiative aims to reduce labor costs as AI infrastructure spending increases.

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  • Your gold or silver ETF holds physical bullion: Here's what SEBI's new vault rules mean for investors

    SEBI has approved changes to its vault manager rules, bringing physical bullion underlying gold and silver ETFs under a common framework. The move strengthens requirements around how this bullion is stored, secured, segregated and accounted for.

  • Bank strike from September 28-30: ATMs and 9 other services customers can avail without a branch visit; check list

    A nationwide bank strike from September 28 to September 30 could disrupt cheque clearing and cash transactions as unions demand a five-day workweek. However, many banking services are expected to remain operational, allowing customers to manage funds and pay bills without visiting branches.

  • CA submitted your tax audit report? The process doesn't end there—here's what you still need to do by 30 September

    Has your CA submitted your tax audit report? The process does not end there. Taxpayers need to check the report on the income-tax e-filing portal and complete certain steps after submission. Here's what you need to know about accepting and verifying the report.

  • Expecting nil tax liability this year? Know which form to submit to avoid TDS on bank interest, rent and dividend income

    Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Here’s who can submit Form 121, which incomes are covered, what details are required and what the payer must do after receiving it.

  • CM Vijay to launch Tamil Nadu gold ring scheme on 28 Sept: What is it, who is eligible and how does it work? | Explained

    Tamil Nadu Chief Minister S. Joseph Vijay will launch the 'Thaai Maaman Thanga Mothiram Thittam' scheme for newborns in Madurai on September 28, providing 1-gram gold rings to eligible babies delivered in government hospitals, promoting institutional deliveries and maternal health.

  • Sold house, land, shares or mutual funds? Know 9 reinvestment options to claim capital gains tax exemption

    Selling a house, land, shares, mutual funds or other capital assets can trigger capital gains tax. The Income-tax Act provides nine exemptions under Sections 54 to 54GB if the gains or sale proceeds are reinvested in specified assets within prescribed timelines.

  • Invested in a top-performing mutual fund? Why strong returns may not translate into similar gains for you

    A mutual fund’s reported returns may not always match what investors actually earn. The timing of investments and withdrawals can create a significant gap, even when the fund delivers strong long-term performance.

  • Irdai’s distribution overhaul: Will it make insurance cheaper, curb mis-selling?

    Irdai has proposed commission caps, tighter expense limits and stronger safeguards against mis-selling. But whether the reforms make insurance cheaper and easier to buy and claim will depend on implementation.

  • UPI MDR row reaches SC: Plea against merchant charges on payments above ₹2,000 to be heard on Monday

    The Supreme Court will review a petition against the Centre's MDR on UPI transactions over ₹2,000, which will come into effect on October 15. Full details here.

  • ₹10 lakh in 3-year Post Office TD vs 5-year TD: Which earns more interest? Check out the calculations

    A ₹10 lakh Post Office Time Deposit earns 7.1% for three years and 7.5% for five years in July-September 2026. Here is how the interest compares and what investors should consider before choosing a tenure.

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