Banking And Finance
No restriction on buying petrol and diesel from July 1? Here’s what changes
The central government has lifted restrictions on purchase of petrol and diesel by retail, commercial and industrial consumers, with effect from next month, 1st July (Wednesday), according to a PTI…
I-T dept flags up to 20,000 ITRs for ‘swapped provisions’ used to lower net tax liability — What happens next?
The income tax department has reportedly identified around 15,000-20,000 cases where taxpayers have used “swapped provisions” trick to reduce their taxable income in a particular financial year. The move is…
HDFC Bank appoints former financial services secretary Rajiv Kumar as new Non-Executive Chairman
on Monday appointed , a former and ex-Chief Election Commissioner of India, as its Part-time (Non-Executive) Chairman, ending a months-long search for a permanent head following the abrupt exit of…
EPFO: Complete guide to EPF withdrawal — Eligibility, rules, limits, forms, conditions for partial claims, FAQs answered
A stable and secure instrument for retirement savings, the Employees’ Provident Fund Organisation (EPFO) allows EPF account subscribers to withdraw full or partial funds under specific conditions. Notably, while partial…
Market
Comcast shares surge 17% as company announces NBCUniversal, Sky spin-off plan
Shares of Comcast Corp surged 17% on Monday, 29 June, to a seven-week high of $27.10 on the Nasdaq after the company announced plans to separate its media and connectivity…
Geopolitics jitters drag Nifty below 24,000; Rupee slips on month-end Dollar demand
as escalating tensions in West Asia rattled investor confidence, sending the benchmark Nifty 50 below the psychologically critical 24,000 mark for the first time in recent sessions. Profit booking in…
Exits from gold ETFs last week surged to year’s highest
Investors’ exits from physically backed gold exchange-traded funds (ETFs) last week were the largest yet this year as gold declined by over three per cent to near $4,000 an ounce,…
Himadri Speciality Chemicals bets big on EV battery materials with 100 GWh manufacturing facility
, one of India’s leading specialty chemicals manufacturers, has announced plans to set up the country’s largest battery materials manufacturing facility, a move that the company expects will significantly boost…
Market
Ola Group renews five-year lease for 4.27 lakh sq ft Bangalore office
has renewed leases for about 4.27 lakh sq ft of office space at Prestige RMZ Star Tech in Bengaluru’s Koramangala, according to property intelligence platform Propstack. The lease renewals, registered…
Prosus bets bigger on India as PayU turns profitable, expands startup portfolio
Technology investor Prosus is doubling down on India after its fintech business PayU achieved profitability for the first time and the company expanded its local investment portfolio with bets on…
Tata Motors says Iveco deal on track for Q2
Tata Motors Ltd Chairman N Chandrasekaran on Monday said the proposed acquisition of Iveco Group is expected to be completed by the second quarter of FY27, subject to regulatory approvals…
2 workers die at Amazon warehouse fire; union demands action & suitable compensation
The Amazon India Workers Union (AIWU) has lodged a complaint to Chief Labour Commissioner (Central), Union Ministry of Labour & Employment, and Chairman of the National Human Rights Commission, alleging…
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