Banking And Finance
Nirmala Sitharaman calls for greater NRI outreach to boost foreign currency inflows
New Delhi: Finance minister on Monday asked banks to intensify outreach to non-resident Indians (), introduce innovative deposit products and sustain the momentum of foreign-currency inflow mobilisation. She reviewed progress…
ITR: Attention taxpayers! Excel utility for ITR-5 and ITR-7 released — Here’s how to use, which forms to choose
The Income-Tax Department has enabled Excel Utility for the ITR-5 and ITR-7 forms for taxpayers on its e-filing portal for financial year 2025-26 (FY26) i.e. assessment year 2026-27 (AY27). Notably,…
Delhi Lakshmi Yojana: Beneficiaries to get ₹2,500 per month — Check eligibility, monthly benefits and how to apply
Delhi Lakshmi Yojana: The Delhi government is set to soon launch its flagship financial aid programme for women beneficiaries in the state. Initially rolled out by the AAP-led government, the…
About 2 crore ITRs filed so far. Should you wait for a deadline extension?
If you’re still waiting for the government to extend the Income Tax Return (ITR) filing deadline, the latest numbers from the Income Tax Department suggest you may not want to…
Market
SBI Funds IPO raises ₹2,663 crore from anchor investors led by Singapore and ADIA
India’s largest asset manager, SBI Funds Management, sold shares worth 26.63 billion rupees ($278.50 million) to anchor investors including the sovereign wealth funds of Singapore and Abu Dhabi, as part…
11 stocks to watch on Tuesday: Biocon, BEL, Grasim, Emcure and more
Biocon will remain in focus on Tuesday as Viatris-owned Mylan plans to sell a 5.64 per cent stake or 9.2 crore shares in the Bengaluru-based company through block deals today.…
Gold, silver prices today: Comex gold, silver extend losses as Middle East tensions lift Fed rate hike fears
Gold and silver prices extended their decline for a second straight session on Monday, 13 July, as escalating tensions in the Middle East fuelled concerns over persistent inflation and the…
Market
Oxane Partners’ founders eye majority sale at up to $250 mn valuation
The founders of UK-based Oxane Partners have initiated the process to sell majority stake in the software provider to private credit and alternative asset managers, seeking a valuation of $200-250…
Avendus’ PE fund buys stake worth ₹140 crore in Parag Parikh Financial Advisory Services
Mumbai: Avendus Future Leaders Fund III has acquired a stake worth ₹140 crore in Parag Parikh Financial Advisory Services (PPFAS) from promoter Neil Parag Parikh and Khushboo Joshi, president of…
Elevation Capital launches $500 million fund to back AI startups
Mumbai: Venture capital (VC) firm Elevation Capital is launching its ninth fund, worth $500 million, to invest in early-stage companies, with a particular focus on artificial intelligence (AI)-led opportunities, senior…
HCLTech reverses course, bets $365 million on data centre business
Bengaluru: on Monday unveiled plans to build data centres, reversing a stance it took nine months ago against investing in asset-heavy businesses as the country’s third-largest information technology (IT) services…
Axis
