Banking And Finance
RBI approves ICICI Bank CEO Sandeep Bakhshi’s reappointment till 2028
Indian private lender has received approval from India’s central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4,…
ITR filing: How NRIs and foreigners are taxed in India and why residential status matters
Many taxpayers may think that citizenship alone determines where and how they are taxed but that is not entirely true. Under Indian income tax laws, a person’s residential status often…
Why rushing to file your income tax return (AY 2026–27) could be a mistake
The launch of ITR-1 and ITR-4 offline utilities has officially commenced the tax filing period for AY 2026–27. Numerous salaried professionals are already organizing their paperwork, eager to fulfill compliance…
STCG vs LTCG: Difference between short-term and long-term capital gains tax, types of assets and rules explained
Capital gains tax is levied on the profit earned from the sale of capital assets such as land, buildings, stocks, virtual digital assets and other investments. In India, long-term capital…
Market
MF investors bet on index funds in volatile times
The volatile equity markets have been driving informed MF investors to bet big on index funds and equity-oriented ETFs, particularly when the market tanks sharply in reaction to global events.…
SEBI bars seven family members in social media stock recommendation case, alleges ₹20.25-cr illegal gains
The (SEBI) has barred seven members of the Gupta family for allegedly running a coordinated social media-based stock manipulation scheme through recommendations on the X, WhatsApp and Telegram channels. SEBI…
Wipro fixes June 5 record date for biggest-ever ₹15,000-crore buyback
Wipro has fixed June 5 as the record date to determine the entitlement and the names of equity shareholders eligible to participate in the buyback as per a company regulatory…
Employers paycheque: From workforce to wealth creators
Capital market regulator SEBI has proposed a change that would allow third parties, like employers or mutual fund companies, to pay for investments on an individual’s behalf. According to the…
Market
Wingtech seeks $1.2 billion damages in new suit against Nexperia
BEIJING, May 22 (Reuters) – China’s Wingtech Technology has filed a lawsuit with a subsidiary against Nexperia B.V. and five other entities, saying its control over the Dutch chipmaker remained…
Central Bank OFS subscribed 2.35 times on Day-1, govt exercises green shoe option
The government’s offer for sale (OFS) in Central Bank of India was subscribed 2.35 times on the first day, reflecting strong demand from institutional investors. The response prompted the government…
Sun Pharma guides for slower FY27 growth amid regulatory, macro challenges
After posting double-digit revenue growth in FY26, Sun Pharmaceutical Industries—India’s biggest pharmaceutical company by revenue and market capitalization—has projected high single-digit growth for the current fiscal year (FY27), citing regulatory…
Swelect Energy Q4 PAT at ₹11 crore, net profit jumps to ₹57 crore
Chennai-based listed energy solutions company reported a consolidated net profit of ₹11 crore for the quarter ended March 2026, against ₹8 crore in the same quarter last year. Revenue from…
Axis
