The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was…
Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude…
House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive…
RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial…
MUMBAI: Clean Fanatics, a premium marketplace specialising in high-quality home services has raised $2 million in a seed round led by Inflection Point Ventures. The round also saw participation from Blume Founders Fund, Let’s Ventures, Trica, TiE Angels, and other angel investors. The funds will be directed towards team expansion, technology enhancement, and scaling new…
The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73,…
Unemployment benefit claims in the United States dipped last week,falling to a historically healthy range over the past couple years. These figures offer another sign of strength in the country’s labour market even as major companies announce job cuts and concerns grow over the economic impact of tariffs.According to data released by the US labour…
Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their less diverse peers.According to the ‘Marching Sheep Inclusion Index 2025’, a study conducted by HR advisory firm Marching Sheep, around 8 out of 10 sectors…
Quick commerce is witnessing a massive growth in the country, as Indians spent Rs 64,000 crore on platforms like Blinkit and Instamart in FY25. This figure is more than double the Rs 30,000 crore recorded in the previous year, according to a new report released Thursday by CareEdge Advisory.The agency, a unit of domestic ratings…
NEW DELHI: As digital payments become a part of everyday life, the National Payments Corporation of India (NPCI) has issued key safety tips to protect users from financial frauds and scams. These guidelines are aimed at ensuring secure UPI and online payments safe for everyone. Following these simple steps can protect users from fraud and…
