Eversource Capital is reportedly in advanced discussions to acquire BluSmart for approximately Rs 850 crore. According to a CNBC-TV18 report, the investment firm has made a non-binding offer and is expected to reach a final decision within the next two weeks. ALSO READWill return wallet balance to customers in 90 days: BluSmart As part of
After a phase of sustained outflows earlier this month, foreign investors have made a strong comeback to Indian equity markets, injecting nearly Rs 8,500 crore last week. The inflows reflect improved investor sentiment driven by India’s resilient domestic economy and relative insulation from global trade disruptions. FPIs pump in Rs 8,472 crore in a holiday-truncated
‘I need 10 crore… then life is set!’ You must have heard this many times or maybe you have said it yourself. But is a huge amount like Rs 10 crore or Rs 50 crore really necessary to achieve financial freedom? This debate has been going on for decades and will continue in the future
Cognizant Technology Solutions has disclosed in its latest regulatory filing that its Chief Executive Officer, Ravi Kumar, received a total annual compensation of $16.1 million for 2024, marking an 11% increase from the previous year. In 2023, Kumar’s total compensation stood at $22.6 million, boosted by a significant one-time equity award granted at the time
Kings and maharajas across history had a deep connection with gold. It wasn’t just about wealth. Possessing gold was a symbol of power and status for them. In modern times, gold is more than a mere symbol of wealth – it’s the most trusted haven to fall back upon in uncertain times. No wonder, gold
There is an important news for the employees of the central government. The Ministry of Health & Family Welfare has clarified that if monthly contribution is being deducted regularly from the salary of an employee under CGHS (Central Government Health Scheme), then it is mandatory to give him CGHS service card, even if he has
By Narry (Narsimha Rao Mannepalli) It’s the Annual earnings season for most of the Indian IT industry and would be a good checkpoint to reflect on where we are and what lies ahead of us. By all indications, FY 2026 is shaping up to be another year of muted growth for the Indian IT industry—likely
In the previous article we explored the concept of Bitcoin wallets—the digital storage mechanism for this emerging asset class. At first glance, this may not seem particularly groundbreaking; after all, we are already familiar with digital wallets offered by banks, PayPal, or Paytm for managing traditional fiat currency. However, to truly appreciate the innovation behind
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
Quant Mutual Fund is all set to make a first entry into the new-asset class Specialised Investment Fund allowed by Sebi. Founder & CIO Sandeep Tandon tells Ananya Grover that investors should not look at it in isolation but as a combination with other mutual funds. Excerpts: How should an investor look at SIFs from
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two major rates – 5% and 18%, while a special 40% slab has been introduced for luxury and harmful products or ‘sin goods’.
Kaynes Semicon, the semiconductor subsidiary of Kaynes Technology, is set to deliver its first chip from its outsourced semiconductor assembly and testing (OSAT) facility in Sanand, Gujarat, by the first week of October. The milestone comes less than 11 months after receiving approvals in September last year, reflecting one of the fastest execution timelines in
