Banking And Finance
Small-cap mutual funds: Should you pick funds with high index overlap? What one-year returns show
Investors choosing small-cap mutual funds may look at how closely a scheme’s portfolio resembles its benchmark to understand its investment strategy. But a comparison of all small-cap funds by Value…
Bought a ₹50 lakh LIC policy on ₹4.81 lakh income? Why ITAT rejected the woman’s claim and upheld the tax addition
A ₹50 lakh investment in a life insurance policy was treated as unexplained investment by the Income Tax Department after a taxpayer reported annual income of ₹4.81 lakh. The taxpayer…
CBDT notifies Form 173A for government securities: New tax exemption rules for eligible foreign investors
The Central Board of Direct Taxes (CBDT) has made it mandatory for eligible foreign investors and the Bank for International Settlements (BIS) to submit Form 173A to claim income-tax exemptions…
Indian equities vs gold vs US stocks: Which asset class delivered the highest returns in 2026 so far?
Indian equities have been the worst-performing asset class in 2026 so far, while US stocks and gold have delivered double-digit returns. The divergence highlights how differently investors would have fared…
Market
Braze stock surges over 50% after Salesforce announces $5.66 billion acquisition
Shares of Braze surged in Tuesday’s trade on October 20, rallying 52% to a 22-month high of $45.59 apiece on the Nasdaq after Salesforce (CRM) agreed to acquire the customer-engagement…
Wall Street rebounds from lows as upbeat earnings, falling oil prices lift sentiment; Micron, Intel up 2%
The US stock market rebounded from opening losses in Tuesday’s trade as a series of upbeat earnings reports and a retreat in crude prices overshadowed recent pressure on artificial intelligence…
Mutual funds raise stake in KRN Heat Exchanger; Union MF enters with five schemes
Mutual funds increased their exposure to in the September quarter, adding a net 1.31 lakh shares, as Union Mutual Fund entered the stock with five schemes, broadening institutional participation. The…
OYO-parent PRISM to nearly halve IPO fresh issue size to up to ₹3,350 cr: Sources
OYO parent PRISM is planning to nearly halve the size of the fresh issue in its proposed initial public offering (IPO) to up to Rs 3,350 crore from almost Rs…
Market
Citi Mexico sees new opportunities with banks after Banamex split
By Gabriel Araujo SAO PAULO, Oct 20 (Reuters) – Citigroup’s Mexican unit is aiming to expand its business with other banks after its separation from Banamex gave it greater freedom…
Closed College Campus in Boston Suburb to Sell for $21 Million
(Bloomberg) — A Boston suburb’s housing authority is planning to buy the campus of Eastern Nazarene College, which closed last year, for $21 million. The Quincy Housing Authority, a non-profit…
Who is Sharad Mathur? Meet IndusInd General Insurance’s new MD and CEO tasked with driving growth and transformation
IndusInd General Insurance Company Ltd, formerly Reliance General Insurance, on Tuesday announced the appointment of Sharad Mathur as its Managing Director and Chief Executive Officer (MD & CEO), following statutory…
Instacart settles federal claims of discrimination against US-born job seekers
The federal government has reached a $5 million settlement with for allegedly discriminating against U.S.-born workers in its hiring practices. According to the U.S. Department of Justice Civil Rights Division…
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