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BharatPe turns profitable, reports adjusted profit before tax of Rs 6 crore

ET reported on August 1 that the company is expecting to report a profit before interest, taxes, depreciation and amortisation in its fiscal 2025 results, and is eyeing funding of $100 million.

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India, third most targeted country by ransomware attacks in APAC: Report

India’s digital economy faces increasing ransomware threats, particularly targeting IT, BFSI, and manufacturing sectors. Groups like Qilin, RansomHub, and Medusa are exploiting vulnerabilities, viewing Indian firms as high-value targets. APAC region sees attacks timed around instability, while globally, ransomware incidents…

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Disney cuts projected loss from its stake in JioStar to $200 million for FY25

Disney anticipates a reduced loss of $200 million from its JioStar venture with Reliance. The initial projection was $300 million. International TV networks faced impact due to the Star India deal. Revenue and operating income saw declines. However, Disney’s direct-to-consumer…

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IPO-bound Pine Labs names Sameer Kamath as CFO

Pine Labs has appointed Sameer Kamath as its new CFO to lead global finance strategy, accounting, and investor relations. The company has filed its DRHP with SEBI to raise Rs. 2,600 crore, with exits planned by Peak XV, PayPal, and…

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50% US tariff on Indian apparel exports could be death knell for small firms: AEPC

Indian apparel exporters are worried about new US tariffs. The Trump administration is doubling tariffs on Indian goods to 50 percent. Apparel Export Promotion Council fears this will devastate small businesses. They are seeking government support to offset the impact.…

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WhatsApp deletes 6.8 million accounts linked to criminal scam centers: Meta

Scams are increasingly becoming common, with the use of technologies such as artificial intelligence (AI) adding several layers of sophistication in today’s digital world. Some of the most common scam tactics include lucrative, or too-good-to-be-true offers and unsolicited messages attempting…

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  • 8th Pay Commission accelerates consultations on fitment factor and salary revision – top 5 updates

    8th Pay Commission gathers pace: The Commission is inviting stakeholder feedback before finalizing recommendations on the fitment factor, salaries and pension reforms expected to impact over 1.19 crore beneficiaries.

  • Bank holiday today: Are bank operations shut for Muharram on 26 June in Mumbai, Delhi, Chennai? Check RBI calendar here

    Bank holiday today: Banks are closed across cities in India today on account of Muharram. In addition to the common national and gazetted holidays, banks in India could have local holidays and festivals off, as required.

  • Should you invest in last year’s top mutual fund? Experts warn against this common mistake

    Experts caution against chasing performance after fund rankings, as returns are influenced by market conditions. Instead, investors should focus on long-term goals and avoid frequent switches, which can lead to missed opportunities and additional costs.

  • Micron shares surges after blockbuster earnings: Here's what is driving the rally and how Indians can invest

    Micron Technology surpassed Meta Platforms' market valuation and briefly exceeded Tesla's, following a strong forecast that boosted shares by 18.4%. With a market cap of $1.398 trillion, demand for AI-related hardware has led investors to favor Micron among trillion-dollar chipmakers.

  • Multi-cap vs flexi-cap funds: Why multi-cap funds are outperforming across 1, 3 and 5 years

    Multi-cap funds have outperformed flexi-cap funds across the 1-, 3-, and 5-year periods, reviving a long-standing debate over whether mandated diversification across market capitalisations is superior to manager-driven flexibility.

  • I asked ChatGPT which financial mistakes people in their 40s regret the most, and it gave me a lot to think

    Many professionals in their 40s discover that their biggest financial mistakes were not bad investments, but delayed decisions. By this stage, income is often at its peak, but competing obligations can make it easy to feel wealthy even as you fall behind on long-term goals.

  • Should you switch SIPs to last year’s top-performing fund? This study has the answer

    Investors who switch based on the previous year's performance may end up buying into a segment after much of its rally has already occurred. For long-term SIP investors, consistency and discipline may prove more effective than repeatedly chasing the latest market winner.

  • UTI Nifty 50 Index Fund vs ICICI Prudential Large Cap Fund: A quick comparison of passive and active investing styles

    UTI Nifty 50 Index Fund passively tracks the Nifty 50 Index, whereas the ICICI Prudential Large Cap Fund is actively managed with the objective of outperforming its benchmark through stock selection. 

  • Energy mutual funds: Meaning, top 5 funds, key factors, advantages and risks explained

    Energy funds are thematic equity schemes that invest primarily in companies in the energy sector. These funds invest in oil & gas exploration, refining, power generation and distribution, coal mining, renewable energy, energy equipment, and financing companies. 

  • I asked ChatGPT to plan a semi-luxury trip to Azerbaijan for 2 — It gave a modest ₹60K budget without flights

    For good weather plus softer luxury pricing, aim for April, May, September, or early October. 

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