On June 13th, The Wall Street Journal reported that both Amazon and Walmart are exploring plans to launch their own stablecoins. This news arrives amid a growing wave of stablecoin developments from some of the world’s biggest tech and payment giants — a trend that signals a broader shift in how digital money may soon
If you are planning a long-term investment in mutual funds and are looking for a fund that can give returns of crores over time, then ICICI Prudential Multicap Fund can be a strong option for you. This is the oldest scheme of ICICI Prudential Mutual Fund House, which was launched in October 1994. So far
Zepto has secured regulatory approval to restart operations at its Dharavi dark store in Mumbai after the Maharashtra Food and Drug Administration (FDA) revoked the suspension of its food business licence. The state regulator granted clearance following a reinspection by the Food Safety Commissioner and the submission of a compliance report by Zepto. The report
After gold and silver, platinum is emerging as a top investment option in 2025. Platinum has raced ahead of both gold and silver so far in 2025. Year-to-date, both Gold and silver are up by 30% and 26%, respectively. However, the Platinum steals the show. Platinum has risen by a stunning 40% since January 1.
Two weeks after opening the ITR filing for AY 2025-26, the Income Tax Department on June 10 released the Common Offline Utility (COU). Offline utilities (JavaScript-based/JSON utility) are built on the latest system architecture adopted by the Income Tax Department. The Income Tax Department often releases utilities in multiple phases to ensure smooth rollout, gradual
Happiest Minds Technologies has appointed Anand Balakrishnan as its new Chief Financial Officer (CFO). Anand Balakrishnan will report directly to Managing Director Venkatraman Narayanan. Anand brings with him more than 20 years of experience in finance, accounting, and business strategy. He has previously held leadership positions at companies like Marsh McLennan (formerly JLT), GE Healthcare
The markets closed Thursday’s session on a lower note, snapping the winning streak of six consecutive sessions. The markets started the session on a flat note with a negative bias and extended the sell-off in the later hours. The Nifty 50 closed the session 253 points or 1.01% lower at 24,888.20, the Sensex fell 823
Mutual funds in India are expected to increase their investments in short-term corporate bonds in the coming weeks, buoyed by a surge in inflows and surplus liquidity, according to fund managers. In May 2025, corporate bond funds recorded net inflows of ₹119.8 billion (approximately $1.40 billion)—the highest in two years and more than triple the
In recent months, many banks have cut their fixed deposit (FD) interest rates in the wake of the RBI’s 100 basis points cut in the repo rate since February 2025. Despite this, some banks are still offering attractive interest rates on fixed deposits for senior citizens. These banks are small finance banks, which always have
French IT services giant Capgemini has announced its plan to acquire India-based outsourcing firm WNS for $3.3 billion in cash. The deal values WNS shares at $76.50 each, reflecting a 17 per cent premium over its closing price on July 3. The transaction excludes WNS’s existing financial debt, Capgemini clarified in a press release issued
Petrol prices in India currently stand at Rs 101 per litre amid continued volatility in global oil prices — with many neighbouring countries selling fuel at significantly lower prices. The cost is also Rs 21 more than petrol prices paid by people in the US as well as Pakistan. Data that has since gone viral
Yashwant Singh, a scion of a royal family from Rajasthan, has purchased a luxury bungalow in Delhi’s elite Golf Links neighbourhood for Rs 100 crore, according to property registration documents obtained via CRE Matrix. The luxurious property, sprawling over 588.97 sq m of land with an impressive built-up area of 867.33 sq m, features a
Reliance Industries is gearing up for its next big leap, charting an ambitious course to unlock its next $50 billion in value creation from its current $240+ billion market cap, by betting big on green energy and generative AI. Backed by strong legacy cash flows and a bold reinvention plan, the Mukesh Ambani-led conglomerate could
