Banking And Finance
Credit card profit pool shrinks as revolvers evolve
MUMBAI: A structural shift in how Indians use credit cards is quietly squeezing profitability for banks in the segment. The share of revolvers-customers who carry balances and pay interest-have declined…
ITR filing 2026: What salaried employees should check in AIS and Form 26AS before submitting returns
As the income tax return (ITR) filing season for the assessment year 2026-27 begins, salaried employees are advised to review details available in their Annual Information Statement (AIS) and Form…
High equity taxes dampen market sentiment amid FII outflows, West Asia war: What should investors do?
Investor sentiment in Indian equities continues to be shaped by a combination of factors, including the current geopolitical turmoil in the Middle East, persistent foreign institutional investor (FII) outflows, and…
UPI ID blocked due to cybercrime complaint? Here’s how to recover your account and restore access
Unified Payments Interface (UPI) remains the most preferred mode of payment in India for its speed, convenience and wide acceptance across merchants and individuals. Its share in digital transactions rose…
Market
US issues 30-day licence for stranded Russian oil shipments at sea
U.S. Treasury Secretary Scott Bessent said on Monday that the United States is issuing a 30-day general license to provide temporary access to Russian oil stranded at sea. “This extension…
Gold, silver rates today: Comex gold rebounds $27/oz, silver gains $1/oz as bond yields stabilise
Precious metals recovered smartly from the day’s lows in Monday’s trade on May 18 as bond yields stabilised after hitting multi-year highs last week, although gains remained capped amid rising…
Nifty claws back from 23,317 abyss; Rupee hits record low near ₹96.40
Markets staged a dramatic intraday recovery on Monday after nearly losing 400 points from the open, as the Nifty 50 crawled back from an intraday low of 23,317 to close…
Market
Tata Steel rules out joint ventures in India, bets on solo expansion for better control
Tata Steel Ltd will add capacity on its own in the Indian market as opposed to striking joint ventures, the company’s top management said, taking a divergent route from its…
Jaguar Land Rover shrinks board, shifts operational power to executive committee
New Delhi: With a new captain at the helm, struggling British luxury carmaker Jaguar Land Rover (JLR) has shrunk its board of directors from 11 members to three and shifted…
Back to WFH? India Inc responds to Modi’s fuel-saving appeal
India’s largest employers have revived or expanded work-from-home (WFH) policies following Prime Minister Narendra Modi’s call to reduce fuel consumption and conserve foreign exchange amid a West Asia crisis that…
TCS raises salaries, ties monthly performance pay to office attendance
Bengaluru: Tata Consultancy Services Ltd’s decision to award hikes of up to 6% to top performers should have sparked jubilation. Instead, revised compensation letters show changes that link work-from-office to…
Axis
