Banking And Finance
PSU banks lose gold loan sourcing share as private banks, NBFCs gain traction: Report
Mumbai, Public sector banks’ dominance in gold loan sourcing is gradually facing pressure as private banks and NBFCs gain traction, according to the report. This is supported by stronger distribution…
5 steps to trace deceased investor assets using Consolidated Account Statement
When an investor passes away, one of the biggest challenges for family members is coping with the emotional impact. Another challenge is to identify all investments held in the deceased’s…
Spent over ₹2 lakh on foreign travel? You may have to file ITR even with no taxable income
Summer holidays are in full swing, and many Indians are heading abroad for vacations, family trips, and luxury getaways. But while you may be busy planning flights, hotels, and shopping,…
What is DTAA? How Indian taxpayers can avoid paying tax twice on foreign income
With increasing cross-border employment, foreign investment, and global freelance income, Indian taxpayers often face situations where the same income is taxable in two countries. India addresses this through the (DTAA)…
Market
Hindustan Zinc shares drop 5% amid slump in global silver prices
Shares of , a Vedanta Group company, dropped 5% in Tuesday’s trade, June 23, falling to an intraday low of ₹544 apiece, as a sharp decline in global silver prices…
FIIs remain net sellers in Indian stock market for 12 months in a row. Can the trend change?
After remaining net sellers for twelve consecutive months, foreign institutional investors (FIIs) are ramping up purchases in Indian equities. In the last five trading sessions, have invested nearly $899 million…
Is AI euphoria an overlooked risk for markets beyond geopolitical shocks?
AI stocks have been hogging the limelight for over a year now. Some artificial intelligence (AI) exchange-traded funds (ETFs) have surged over 100% over the last year, while stocks such…
IT selloff drags Nifty below 24,000; pharma stocks buck the trend
turned sharply lower by midday on Tuesday, with the Nifty 50 slipping below the crucial 24,000 mark after early consolidation gave way to heavy selling in information technology and metals.…
Market
Oracle layoffs: 21,000 employees let go in 12 months, company says AI replaced some roles
reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including those whose jobs were eliminated by the use of artificial intelligence. “The…
Meta pauses AI programme that tracked employee mouse clicks after internal data Leak
Meta has suspended its internal AI training programme after sensitive employee data, including private conversations and performance records, was found to be accessible to all staff at the company. What…
Tata Electronics hit by cyberattack: Apple investigates alleged leak of sensitive files linked to iPhone maker, Tesla
Tata Electronics on Monday confirmed a cybersecurity incident after a ransomware group claimed to have leaked company data online, including documents purportedly linked to Apple and Tesla, two of the…
Bharti Airtel increases Airtel Africa holding to 79% in transaction worth ₹28,000 crore
Bharti Airtel has raised its stake in Airtel Africa by 16.31 per cent to about 79 per cent through a share-swap agreement, which is estimated to be around ₹28,200 crore,…
Axis
