HRA claims are under increased scrutiny, with tax officers rejecting claims lacking a clear money trail or appearing dubious. Even with proper documentation like rent receipts, claims can be disallowed if rent is paid to close family me ...more

Hardeep Puri, India's Petroleum Minister, asserts that India's continued Russian oil imports have stabilized global energy prices. Discontinuing this trade would have caused prices to surge past $120 per barrel. Despite Western restrict ...more

US long-term mortgage rates experienced a slight increase this week, reversing a five-week trend of declining borrowing costs, with the 30-year fixed rate rising to 6.72%. Despite recent fluctuations and a brief dip in April, economists ...more

After the bank’s disclosure, a Bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Mr. Ambani challenging the bank’s order, saying nothing survives in it.

RBI Governor Sanjay Malhotra briefed the Parliamentary Committee on Finance, highlighting the Indian economy's resilience amidst global challenges. He addressed concerns about the status of Rs 2,000 notes, clarifying they remain legal t ...more

With recent FD rate reductions, opportunities remain in special 444-day deposit schemes. Several banks, including ESAF Small Finance Bank, offer competitive rates, reaching up to 8.10% for senior citizens. These schemes provide a chance ...more

India has emerged as the leading source of billionaire immigrants in the US, surpassing Israel, according to Forbes' 2025 list. Twelve India-born individuals, including tech leaders like Sundar Pichai and Satya Nadella, are featured. Cy ...more

Investor confidence in India's unlisted securities market has been shaken following HDB Financial Services' IPO being priced below expectations. This has led to a decline in the unlisted values of other prominent pre-IPO stocks like NSE ...more

The way things are trending, the three-year period ending FY26 will be the weakest three-year period for TCS on record

Revenue at ₹63,437 crore grew 1.3% year on year for the quarter; operating margin at 24.5% has seen an expansion of 30 bps quarter on quarter; net margin during the quarter was 20.1%; wage hike not announced for the employees

Clean Fanatics, a premium home services marketplace, has secured $2 million in seed funding led by Inflection Point Ventures. The investment will fuel team growth, tech upgrades, and expansion into civil construction and home renovation ...more

India leads in faster payments due to the rapid growth of the Unified Payments Interface (UPI), which has become the world's largest retail fast payment system. The IMF Fintech Note highlights UPI's open and interoperable nature as key ...more