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Anthropic PBC’s revolving credit facility is set to rise above its roughly $10 billion target, according to people familiar with the matter, as the artificial intelligence firm prepares for a highly anticipated initial public offering. The Claude chatbot maker’s proposed expansion of its so-called revolver is drawing a clutch of banks seeking to bolster their…
The composition of mutual fund ownership has changed significantly over the past 13 years, with corporates losing share while high-net-worth individuals (HNIs) and retail investors have increased their presence. According to the latest SEBI Handbook of Statistics, corporates accounted for 50.1% of mutual fund assets under management (AUM) in April 2013, but their share had…
HSBC India is offering zero forex mark-up for across all its existing credit cards for Indian residents, for a period of one month from 15 August to 15 September, with aim to “provide better value for money to customers on international spending”. “By introducing zero forex mark-up across all HSBC credit cards, we are ensuring…
Multi-cap and flexi-cap funds give investors exposure to large-, mid-, and small-cap stocks, but their investment mandates differ significantly. While flexi-cap funds can move across market capitalisations without a fixed allocation, multi-cap funds must invest at least 25% each in large-, mid-, and small-cap stocks. As per the latest SEBI Handbook of Statistics (2025-26), both…
India’s general insurance industry grew 9% year-on-year (YoY) in FY26 with Gross Direct Premium Income (GDPI) of ₹336,000 crore, according to Boston Consulting Group’s ‘General Insurance Sector Round Up’. BCG’s analysis report covers 34 general insurers and SAHIs across the market. “The Indian general insurance industry continues to grow, and it is entering a more…
The healthcare sector has emerged as a strong performer in recent years, suggesting that investors should look beyond traditional broad-market indices. Data from the Invesco India Pharma and Healthcare Fund NFO presentation shows that the BSE Healthcare TRI has outperformed the broader-market Nifty 50 TRI over the last 10 years. Since a Total Return Index…
The Employees Provident Fund Organisation (EPFO), provides insurance cover for salaried individuals in the private sector under its Employees Deposit Linked Insurance (EDLI) scheme, which functions in compliment to the Employees’ Provident Fund and Employees’ Pension Scheme (EPF and EPS, respectively). It provides families with a lumpsum payout in case of the EPF subscriber’s death…
The 8th Central Pay Commission (8th CPC) is in its consultation stage now, with plans to interact with employee and pensioner associations, federations, unions of central government, UT employees and other stakeholders across the country. The commission is examining changes that are desirable and feasible in the emoluments, including for pay (usually includes salary structure,…
Livemint For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories…
Advance tax is the system of paying income tax during the tax year instead of waiting until the end of the year. Under the Income Tax Act, 2025, taxpayers whose estimated tax liability after adjusting TDS is ₹10,000 or more shall pay advance tax in instalments. The new act came into force on 1 April…