“It’s an overblown fear,” said Sumit Tayal, chief executive of Give, an online donation platform and repository of nonprofits. It was founded by the team that previously ran online donation aggregator GiveIndia.org, which shut down after covid. “There are thousands of highly credible non-profits doing amazing work in India,” he said.
HDFC Bank‘s board has submitted two candidates to the Reserve Bank of India for the role of CEO, the lender said on Saturday, formally starting the succession process for Sashidhar Jagdishan, who is due to retire later this year. The bank did not disclose the names of the candidates. Indian banking rules require private-sector banks…
Quick commerce and food delivery giant Swiggy saw its shares fall 5.2% to the day’s low of Rs 212 on the BSE on Thursday ahead of its second-quarter earnings for financial year 2027. In Q1, Swiggy reported a consolidated net loss of Rs 791 crore for the first quarter of FY27, marking nearly a 34%…
Receiving money in your bank account does not automatically mean the amount belongs to you for income-tax purposes. A recent Income Tax Appellate Tribunal (ITAT) ruling has highlighted this distinction in a case involving ₹1.25 crore received by a taxpayer while acting as a power-of-attorney (PoA) holder in a property transaction. The Chennai bench of…
Indian insurance brokers are opposing proposed reforms by the Insurance Regulatory and Development Authority of India (IRDAI) that could cap commissions paid to banks, brokers and agents, Reuters reported on Tuesday, citing letters sent by the Insurance Brokers Association of India (IBAI) to the finance minister and prime minister. IRDAI proposed the changes in its…
The 8th pay commission has extended its window seeking submission of data from various central and state government and union territory (UT) departments and ministries through its 8th CPC Online Data Portal. While the earlier deadline was on 30 June, this has now been extended to 31 July 2026 in an order this week, giving…
Popular American investor and ‘Big Short’ fame Michael Burry has been warning about an AI bubble since the beginning of the year, ramping up his bets against several AI bellwethers because he believes that the market is nearing a big crash as the AI bubble fizzles out. Recently, Burry said that the market is currently…