India’s pension system is getting better at helping people save for retirement. But for older informal workers with little pension income, reverse mortgages could turn home equity into a financial lifeline.
The Foreign Assets of Small Taxpayers-Disclosure Scheme (FAST-DS), recently notified by the income tax department, has given eligible taxpayers a one-time window to disclose foreign assets and income that they either failed to report or did not disclose in the relevant schedule while filing their income tax return. The one-time disclosure window came into effect…
Bank stocks gained up to 2% on Wednesday after RBI Governor Sanjay Malhotra announced the MPC’s decision to hike interest rates for the first time in four years, helping the Nifty Bank index gain even as the broader market slipped into the red. The Nifty Bank index gained more than 147 points to 55,276 on…
ET Intelligence Group: Shiprocket, a micro, small and medium enterprises (MSME) focussed e-commerce solutions provider, plans to raise ₹885 crore through fresh equity to fund technology infrastructure expansion, repay debt and support marketing initiatives. It will also raise ₹732 crore through an offer for sale (OFS). The company has not identified any promoters. Bertelsmann Nederland…
Nvidia said on Monday it has partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure. Nvidia CEO Jensen Huang said on X that the company has the option to backstop up to $125 billion, or 25% of the poential deals. The…
MFs deployed over Rs 8,800 crore in 18 IPOs in August: ESDS Software Solution, Molbio Diagnostics and more
While business and professional filers of ITR-3 and ITR-4 get more time, even those who missed the 31 July deadline get a chance to file a belated ITR, though with a penalty.