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The Reserve Bank of India sold a net $6.1 billion in the foreign exchange market in May, data released on Wednesday showed, as a sharp rise in oil prices due to the Iran war pushed the rupee to an all-time low. The RBI said in its monthly bulletin that it purchased $22.2 billion and sold…
As PRISM prepares for its public market debut, one of the biggest changes inside its India business is happening quietly. The company is increasingly shifting towards higher-value, company-serviced and premium hospitality, a move that is materially changing the economics of its domestic business. Company-serviced hotels are directly managed and operated by hotel operators, under its…
The S&P 500 and the Nasdaq closed lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence. After months of gains that lifted the major indexes from their March lows, momentum has been wobbling…
SpaceX’s short position is a well-known fact by now. About 206 million SpaceX shares have been sold short, as per S3 Partners data. In fact, the number of bearish bets rose very fast —from about 185 million shares last week to around 40 million shares just a month ago. And currently, short positions account for…
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
The income-tax department notified all I-T return forms and enabled excel utility for ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam), ITR-5 and ITR-7 online forms for financial year 2025-26 i.e. assessment year 2026-27 (FY26 / AY27). Taxpayers can use the e-filing portal (https://www.incometax.gov.in/) and must register (you will need Aadhaar, PAN and other details) or…
SpaceX has erased almost $1 trillion in stock market value in five weeks, yet Elon Musk continues to say, if goals are met, the company “will be worth more than Earth.” But is it really safe to bet on SpaceX right now? What happened to the SpaceX stock? SpaceX’s blockbuster IPO was priced at $135…
The Employees’ Provident Fund (EPF) is a government-backed investment and retirement savings option in India. Salaried individuals are eligible to open an EPF account when basic pay and dearness allowance are up to ₹15,000. You can further opt for voluntary provident fund (VPF), if the basic pay and DA exceed ₹15,000 per month. For FY26,…
The 8th pay commission is in the discussion phase before it releases its official recommendations on pay hikes, allowances, salary structure, and more. Constituted once a decade, this time, close to 1 crore beneficiaries — nearly 50 lakh central government employees and around to 65 lakh pensioners, including defence personnel and retirees — are set…
My father inherited a property from his father, which we understand is ancestral property from his father. He is now planning to sell it and distribute the proceeds. Do my siblings and I have a right in this property by birth? Can he sell or bequeath it without our consent? Will my sister have the…