In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently available under the National Pension System (NPS) to the newly introduced UPS. A government release said, “In a bid to provide further impetus to the UPS, the Government has decided that tax benefits as…
The IT integration of recently amalgamated Regional Rural Banks (RRBs) under the ‘One State One RRB’ framework is likely to be completed by September 30, Nabard Chairman Shaji KV said on Monday.Speaking at a CII event, Shaji said the RRB amalgamation exercise, which took effect on May 1, aimed at enhancing scale efficiency and cost…
This is an AI-generated image, used for representational purposes only. Dreaming of working abroad or taking a break for a long spell overseas? Before you pack your bags, be warned, not all destinations are kind to your wallet. Some countries may offer postcard views and high standards of living, but they come with a hefty…
This is an AI-generated image, used for representational purposes only. Institutional investments into India’s real estate sector surged to $1.80 billion in the second quarter of 2025, marking a sharp 122 per cent rise over the previous quarter, according to a new report by real estate consultancy firm Vestian. The rebound was led largely by…
French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader in AI-powered business operations. As per the news agency AFP, the deal, unanimously approved by both companies’ boards, values WNS at $76.50 per share, a…
The Indian Staffing Federation (ISF) has called on the finance ministry to reduce the Goods and Services Tax (GST) rate on employment services from 18 per cent to 5 per cent, arguing that the move would significantly accelerate formal job creation and improve competitiveness in key sectors.In a letter submitted to minister of state for…
This is an AI-generated image, used for representational purposes only. The National Payments Corporation of India (NPCI) has secured a landmark land deal in Mumbai’s Bandra-Kurla Complex (BKC), acquiring nearly 1.5 acres from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore to establish its global headquarters.Finalised on June 18, the transaction grants…
Gold price prediction: Gold prices saw notable fluctuations over the last week, ultimately settling near a six-week low. (AI image) Gold price prediction today: Gold prices are expected to continue being volatile in the near future on the back of uncertainties regarding US President Donald Trump’s tariff policies, the approaching July 9 deadline, possible trade…
Representative image (Picture credit: AP) Asian markets slipped into the red on Monday as fresh confusion over the US tariff policy weighed on investor sentiment, while oil prices extended losses after OPEC+ surprised markets with a bigger-than-expected output hike.Japanese shares shed 0.3%, South Korea’s KOSPI declined 0.7%, and MSCI’s broadest index of Asia-Pacific shares outside…
Rajiv Memani, chairman and CEO of consulting firm EY India has taken over as the new president of CII (Confederation of Indian Industry) at a critical juncture for India Inc. In an interview to TOI, Memani says the overall health of businesses is not bad and he expects a reasonably strong bounce-back in growth. Excerpts:Some…
