Banking And Finance
EPFO portal shutdown from June 26-28: How it will affect your EPF claims
If you were planning to submit an EPF claim this week, you may need to wait a few days. The Employees’ Provident Fund Organisation (EPFO) has announced that several services…
7 reasons why you must file ITR even if your income falls below exemption limit
Many people believe that filing an Income Tax Return (ITR) is only necessary when their income crosses the basic exemption limit. If their earnings are below that threshold, they often…
Post Office savings accounts get Aadhaar e-KYC upgrade to ease deposits and withdrawals
The Department of Posts has recently introduced new Aadhaar-based e-KYC transaction facilities for Post Office Savings Account (POSA), Recurring Deposit (RD) and Sukanya Samriddhi Account (SSA) holders. The newly evolved…
Income Tax Dept flags ‘swapped’ deduction claims; 20,000 cases under lens
The Department has identified around 15,000-20,000 cases in which taxpayers may have altered deductions or exemptions while filing revised or updated income tax returns, according to a report by The…
Market
This is not share market, it’s poison market: Why ace investor wants stock markets shut
Indian stock markets have seen one of their most volatile phases in recent years. After scaling record highs in September 2024, Dalal Street has been hit by one global shock…
Steamhouse raises ₹50 crore in pre-IPO funding from Madhusudhan Kela-backed funds, Niveshaay
Industrial steam utility provider Steamhouse India Ltd has raised nearly ₹50 crore through a pre-IPO placement from funds backed by investor Madhusudhan Kela and Niveshaay Sambhav Fund, ahead of its…
BofA initiates coverage on midcap IT stocks: prefers Coforge, turns cautious on Persistent and LTM
BofA Securities has initiated coverage on select midcap information technology stocks, saying future returns in the segment will be driven by progress in artificial intelligence strategies, balance sheet discipline and…
CSM Technologies IPO Day 2: subscribed 0.31 times so far, QIBs yet to bid
The (IPO) of CSM Technologies was subscribed 0.31 times in the early hours of the second day of bidding on Thursday, driven by participation from non-institutional and retail investors. As…
Market
Adani Group to build 10 GW nuclear power capacity by 2035, Chairman Gautam Adani says will expand energy portfolio
Gautam Adani’s conglomerate is looking to foray into the nuclear power by building 10 GW capacity by 2035, as it plans to expand its energy portfolio into the atomic energy…
LIC CFO Sunil Agrawal resigns months after his term was extended to March 2027
India’s state-owned insurer, (LIC), on 24 June, informed the stock exchanges of a change in its senior management, with Chief Financial Officer (CFO) Sunil Agrawal resigning after more than four…
Insurgent consumer brands surpass $7.5 bn revenue in FY25, grow nearly 4x in five years: Report
Insurgent consumer brands in India have emerged as a significant force in the fast-moving consumer goods (FMCG) sector, collectively generating more than $7.5 billion in revenue in FY25 and growing…
No Respite for Tata Sons as RBI tightens NBFC-UL norms, listing pressure mounts
The RBI’s latest amendments to the Scale-Based Regulation framework have effectively shut the door on any regulatory relief for Tata Sons, reinforcing the requirement for the holding company to transition…
Axis
