Banking And Finance
PhonePe wallet inactivity fees do not affect bank accounts or UPI transactions
New Delhi: Inactivity fees on dormant wallets do not affect users’ linked bank accounts or transactions, according to clarifications issued by the company after notifications sent to some customers triggered…
Fixed Deposit for senior citizens: Banks offer up to 8.25% interest — SBI, HDFC Bank, Utkarsh Small Finance, IDFC First
Bank fixed deposits (FDs) are among the safest investment tools in India for short-, medium- and long-term savings. They are also the preferred option for conservative investors, such as senior…
Sebi simplifies share transfer process after an investor’s death, giving legal heirs faster access to investments
The Securities and Exchange Board of India (SEBI) has introduced a new framework to simplify the transmission of securities to legal heirs or claimants of deceased investors. The move aims…
ITR: Attention taxpayers! Check key changes in ITR-4 (Sugam) form before filing income-tax returns for FY26 / AY27
Income-tax returns: The Income-Tax Department has enabled Excel Utility for ITR-1 (Sahaj), ITR-2, ITR-3 and ITR-4 (Sugam) online forms for taxpayers on its e-filing portal for financial year 2025-26 (FY26)…
Market
Old is gold: Jewellers efforts to promote recycling pays rich dividend
The exchange of old gold jewellery for new ones has started picking pace with the recent fall in gold prices boosting purchases by consumers. Gold prices have moderated from the…
India diversifies LPG imports during West Asia conflict as OMCs absorb price shock
India sharply diversified its sourcing during the West Asia conflict, increasing imports from the US, Iran and several other countries to reduce dependence on the Gulf region, while state-owned fuel…
SEBI board brings back open market buybacks, formalises new code of conduct
The (SEBI) board on Friday cleared the reintroduction of open-market buybacks through stock exchanges, a faster rollout mechanism for alternative investment fund (AIF) schemes, aligning securitisation norms for RBI-regulated entities,…
India’s BoP outlook improves, INR depreciation pressure to ease: Goldman Sachs
India’s balance of payments outlook looks more favourable than the rupee’s recent weakness suggests, with a Q1 CY26 surplus and lower oil and gold import assumptions prompting Goldman Sachs to…
Market
Nvidia, Micron, Broadcom have cheap valuations despite big gains, and one Google decision could explain why
Cheap valuations on some of the AI sector’s biggest names may look like a bargain, but according to one markets research firm, cited by Business Insider, they could be a…
Reliance eyes ₹4 lakh crore EBITDA by 2031; Bets big on AI and clean energy
on Friday placed and clean energy at the centre of its future growth strategy, unveiling plans for one of the world’s largest AI computing platforms, a sovereign satellite broadband network…
Nipun Aggarwal, Vinod Kannan emerge as frontrunners to lead Air India after Wilson’s early exit; final decision pending
Two months after Air India’s Chief Executive Officer (CEO) resigned, Nipun Aggarwal and Vinod Kannan have now emerged as the frontrunners to take over the helm of Air India, as…
Google DeepMind loses Nobel laureate John Jumper to Anthropic, its third senior researcher to depart in as many months
John Jumper, the Vice President at Google DeepMind who shared the 2024 Nobel Prize in Chemistry with chief executive Demis Hassabis for building AlphaFold, announced on Friday that he is…
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