Banking And Finance
Banks seek RBI relief on InvIT lending rules, warn 3-yr track record rule may slow infra monetisation & fresh funding
New Delhi: Banks have urged the (RBI) to ease the proposed lending norms for (InvITs), arguing that a mandatory three-year operational track record could slow and choke , said people…
Banks eye loans against mutual funds to tap young customers
Kolkata: More Indian banks are entering the business to tap younger, tech-savvy customers who increasingly prefer over low-yielding bank deposits. South-based private lenders such as and plan to get into…
Switched to new tax regime? Deductions and exemptions you can no longer claim
The new income tax regime remains the default tax system for individual taxpayers, offering lower tax rates in exchange for missing out on several deductions and exemptions available under the…
Have multiple EPF accounts? Here’s how you can merge them — Stepwise guide
Administered by the Employees’ Provident Fund Organisation (EPFO) under the EPF Act of 1952, EPF is a retirement savings scheme available to salaried citizens. You may have multiple if you…
Market
Gold, silver rates today: Comex gold fell $91/oz; silver down $4 on inflation worries, firm US dollar
Precious metals came under renewed pressure on Tuesday, 19 May, as elevated crude oil prices kept bond yields near multi-year highs, reducing the appeal of safe-haven assets. A stronger US…
FPIs pare Tata stakes as retail investors buy the correction
FPIs have pared stakes across several Tata companies with the sharpest reduction seen in premium growth-oriented businesses that had witnessed strong valuation rerating during the post-pandemic rally. FPI holding in…
TSF Investments consolidated net profit up 28%
TSF Investments (formerly Sundaram Finance Holdings) on Tuesday reported a consolidated net profit of ₹530.2 crores in FY26 as compared to ₹412.09 crores registered in the previous financial year. The…
Rupee hits record low, crude bites; Nifty ends flat as IT rescues the day
spent Tuesday lurching between gains and losses before ending nearly flat, but the real story was elsewhere — , crude oil hovered near $110 a barrel, and an economy heavily…
Market
Beyond Appliances targets ₹500 crore ARR as smart kitchen category gains traction
Kitchen appliances startup Beyond Appliances is targeting an annual recurring revenue (ARR) run rate of ₹500 crore over the next three years as it doubles down on its smart kitchen…
Anthropic hires OpenAI co-founder Andrej Karpathy to build next-generation Claude AI models
OpenAI co-founder and former Tesla AI leader Andrej Karpathy has announced that he is joining Anthropic, marking a high-profile addition to one of OpenAI’s biggest rivals in the artificial intelligence…
Defence drone start-up EndureAir Systems bags ₹30 crore to scale 200-kg payload heavy-lift drone
Endure Air Systems, the IIT Kanpur-incubated start-up building unmanned aerial vehicles (UAVs) and autonomous aerial systems, has secured ₹30 crore from the Government of India’s Research, Development and Innovation (RDI)…
Unacademy test-prep CEO Sumit Jain to step down ahead of upGrad merger
Unacademy’s Chief Executive for the test-preparation business, Sumit Jain, will step down from his full-time operating role effective June 30, ahead of the company’s proposed merger with upGrad, according to…
Axis
