The Indian Income Tax Department has significantly enhanced its surveillance capabilities, leveraging Artificial Intelligence (AI) and data analytics to monitor high-value financial transactions and thereby issue notices. This shift is part of a broader initiative to curb tax evasion and ensure that income disclosures match financial behaviour. From large investments to property purchases and credit …
The Bank Nifty index snapped its six-day winning streak on Tuesday, trading at 55,224, down 423.20 points or 0.76% at 11:30 AM. The intraday range spanned between 55,162.50 and 56,098.70, reflecting the volatility amid profit-booking pressure. Despite touching a fresh 52-week high recently. Heavyweights Drag Index Lower Leading the decline was HDFC Bank, which alone shaved …
As per news reports, Air India CEO Campbell Wilson will step down as the Chairperson of Air India Express, the airline’s low-cost subsidiary. He will be succeeded by Nipun Aggarwal, currently serving as Air India’s Chief Commercial Officer. The move comes as part of an ongoing restructuring initiative by Tata Group, which acquired Air India …
On Tuesday, April 22, 2025, Indian stock markets extended their rally for the sixth straight trading session, led by gains in FMCG and private banking shares. The BSE Sensex opened strong with a 320-point jump at 79,728. However, due to weak cues from the US market, it briefly turned negative, hitting a low of 79,253. …
On Tuesday, April 22, 2025, Indian benchmark indices continued their positive momentum, supported by the Reserve Bank of India’s (RBI) liquidity-boosting measures. Despite weak global cues due to US President Donald Trump’s criticism of Federal Reserve Chair Jerome Powell, Indian markets closed higher. The BSE Sensex rose by 187.09 points (0.24%) to close at 79,595.59, …
In 2016, the e-commerce giant Flipkart acquired PhonePe, marking a significant shift in the fintech space. According to the latest data from the National Payment Corporation of India (NPCI), PhonePe has emerged as the leading UPI (Unified Payments Interface) app, both in terms of transaction volume and value. In December 2024 alone, PhonePe processed over …
The Liquidity Coverage Ratio (LCR) is a key regulatory standard aimed at ensuring that banks maintain a sufficient buffer of high-quality liquid assets (HQLA) to meet short-term liquidity needs during financial stress. It is a global benchmark introduced post-2008 financial crisis under Basel III norms, and is widely adopted to safeguard banking stability. RBI’s Latest …
The Unified Pension Scheme (UPS) was launched on April 1, 2025, as an alternative to the existing market-linked National Pension System (NPS). Aimed primarily at central government employees, the scheme guarantees a defined pension amount post-retirement. However, despite the promise of stability, the initial response has been tepid. A Modest Start Triggers Government Concern Within …
As of January 2025, a joint report by CAMS and the Confederation of Indian Industry (CII) reveals that nearly half of the mutual fund investors in B30 (beyond top 30) cities—47% or 98 lakh out of 2.08 crore—are invested in just 1 scheme. This suggests a concentrated approach or possibly a nascent stage of financial …
In a move to strengthen and diversify its global semiconductor supply chain, Tesla is currently in discussions with leading memory chipmakers, including US-based Micron and Mumbai-headquartered CG Semi, a Murugappa Group company. These talks align with Tesla’s broader strategy of mitigating supply chain risks amidst shifting geopolitical dynamics. Tesla Engages with Micron, CG Semi, and …
