Author: Finance Khabar
RBI likely steps in to control the fall Finance Desk – The Indian rupee dropped to a five-month low on Thursday after U.S. President Donald Trump announced a 25% tariff on goods imported from India. The rupee fell to 87.74 against the U.S. dollar but later recovered slightly to 87.56 by 11:30 a.m. IST, still down by 0.2% for the day. The rupee is now close to its all-time low of 87.95, which it had reached in February. So far this year, the rupee has lost 2% of its value, making it one of the weakest currencies in Asia. President…
Transform your home into a cool, energy-efficient space with Atomberg fans. Save on electricity bills and enjoy smart comfort, made even more affordable with Bajaj Finserv’s Easy EMI options. When it comes to creating a comfortable and energy-efficient home, ceiling fans play a bigger role than many realize. Often seen as a summer essential, a good-quality fan is actually a year-round necessity. It improves air circulation, maintains indoor comfort, and helps reduce electricity bills in every season. That is where Atomberg fans stand out. Combining advanced BLDC motor technology, elegant aesthetics, and smart connectivity features, Atomberg offers a new generation…
Finance Desk – The Income Tax Department has released the online utility for Form ITR-2 on July 18, giving salaried taxpayers the green signal to start filing their income tax returns. This year, the government has extended the last date for filing returns to September 15, instead of the usual July 31. While this gives more time, chartered accountants say the delay in releasing ITR-2 and ITR-3 forms means they now have only around 60 days to complete a huge number of filings, causing a last-minute rush closer to the September 30 deadline for other compliances. Common Problems Taxpayers Are…
Finance Desk – In a major move that could help small taxpayers, a Lok Sabha Select Committee has recommended changing a rule in the proposed Income-Tax Bill, 2025. The committee wants to remove the requirement of filing income tax returns just to get a refund, even if the person’s income is below the taxable limit. Right now, if your income is below the exemption limit but tax has been deducted from your income (like TDS by banks or employers), you still have to file a return to get that money back. If you don’t file it on time, you could…
Finance Desk – In a major relief for employees and their families, the Ministry of Labour and Employment has updated the Employees’ Deposit-Linked Insurance (EDLI) Scheme to make it easier to claim the minimum ₹50,000 insurance payout in case a Provident Fund (PF) subscriber dies. Here’s what the new rule says: Even if the employee’s PF balance is below ₹50,000, their family will still get a minimum insurance payout of ₹50,000 after the subscriber’s death. This benefit applies if the employee passed away during the last 12 months or while being an active PF member, even with a low PF…
Finance Desk – The Indian rupee is expected to open stronger on Friday, getting support from a slight pullback in the U.S. dollar and a recovery in other Asian currencies. What Happened? On Thursday, the rupee had ended at 86.0750, but on Friday, it’s likely to open between 86.00 and 86.02 — a level below 86 for the first time in nearly a month. A currency trader from a bank said, “Asia will support the rupee at the opening, but overall, the market still looks like a buy-on-dips situation for the dollar.” Dollar Index Update The U.S. dollar index slipped…
Annual subscription of the tool, worth *INR 17000, is free for Airtel customers New Delhi, July 17, 2025: Bharti Airtel has partnered with Perplexity, to offer 12-month Perplexity Pro subscription free of cost to all its 360mn customers. Perplexity is an AI-powered search and answer engine that offers real-time, accurate and deeply researched responses to users in a conversational language. It elevates a customer’s search from listing of web pages to an easy-to-read answer, which can be iterated with the self-learning AI-tool for the precise outcome the user needs. Perplexity has a free offering, which offers powerful search functions, while the…
Finance Desk – Gold prices dropped in early trade on Thursday (July 18), mainly due to stronger US dollar and easing global worries. Meanwhile, silver prices edged higher thanks to good demand in the spot market. At 9:05 AM, on the MCX (Multi Commodity Exchange): Gold (August 5 contract) was down 0.30% at ₹97,490 per 10 grams Silver (September 5 contract) was up 0.10% at ₹1,11,748 per kg Why Is Gold Falling? The US dollar index rose 0.20%, making gold more expensive for those using other currencies. Trade tensions eased after US President Donald Trump said the US is close…
Finance Desk – The government has made it clear that it has no plans to allow business houses to hold controlling stakes in banks, sticking firmly to the current 26% cap on corporate shareholding. A senior government official, speaking on condition of anonymity, said this limit is necessary to prevent “self-lending” – where businesses use banks to fund their own companies. This was one of the major reasons behind bank nationalisation in 1969, the official pointed out. Why the Caution? Even though big Non-Banking Financial Companies (NBFCs) like Tata Capital and Bajaj Finance have strong governance systems, the government believes…
India – July 16, 2025 – London-based technology company Nothing today announced that two category-defining products will be available for purchase across India, starting today at 12 noon – Nothing Phone (3), its first true flagship smartphone, and Nothing Headphone (1), its debut over-ear audio product. Both products reflect Nothing’s vision to reimagine consumer tech with intentional design and bold innovation. Nothing Phone (3) Nothing Phone (3) introduces groundbreaking innovations that set new standards in the smartphone industry. The device features a pro-grade triple camera system, including a class-leading 1/1.3″ main sensor for rich low-light shots, lossless optical zoom, and cinematic…
Paris, July 15, 2025, Eutelsat (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) announces that The United Kingdom is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion, further underpinning the execution of Eutelsat’s long-term strategic vision. His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom, has joined The French State via the APE (Agence des Participations de l’Etat), Bharti Space Limited, CMA CGM, and FSP (together…
Finance Desk – Gold prices went up as investors rushed to buy the safe-haven metal after former US President Donald Trump announced new 30% tariffs on European Union and Mexico, set to begin next month. What Happened? Why Is Gold Rising? Trump has been sending letters to global leaders, warning them about higher tariffs, including to Canada, Brazil, Mexico, and EU. With Trump’s August 1 deadline approaching and trade tensions rising, investors are turning to gold as a safe investment. What Else Is Supporting Gold? Other Metals
Finance Desk – The Indian stock market is expected to open on a positive note on Thursday (July 10), despite global uncertainties caused by new tariff announcements from former US President Donald Trump. Here are 8 key things that changed for the market overnight: Sensex and Nifty May Open Higher After closing lower on Wednesday, both Sensex and Nifty 50 are likely to see a positive start today. Gift Nifty was trading around 25,568, up 38 points from the previous Nifty futures close — a positive sign for early trade. Wednesday Recap: Market Closed Lower Sensex dropped 176 points to…
Finance Desk – Union Bank of India saw its share price drop by 6% on Wednesday (July 9), touching ₹141.54 during intraday trading. The fall came after the bank released its Q1 FY26 business update, which showed a quarter-on-quarter (QoQ) decline in both deposits and loans. Key Highlights from the Update: Global Gross Advances (total loans) stood at ₹9.74 lakh crore Down 0.85% QoQ Up 6.83% year-on-year (YoY) Domestic Advances at ₹9.38 lakh crore Down 0.83% QoQ Up 6.75% YoY Retail, Agriculture & MSME (RAM) portfolio: ₹5.45 lakh crore Up 2.5% QoQ Up 10.31% YoY Retail Advances alone grew to…
Finance Desk – Capgemini, the French IT services giant, has announced it will acquire WNS, a business transformation firm, for $3.3 billion (excluding debt). The move is aimed at strengthening Capgemini’s generative AI and agentic AI capabilities. The deal values WNS at $76.50 per share, which is about 17% higher than its last closing price. Why This Deal Matters Capgemini’s CEO Aiman Ezzat said this acquisition will help the company become a leader in Intelligent Operations — using AI to automate and improve business processes. The company expects the deal to: Increase its earnings by 4% in 2026 (before synergies)…
Finance Desk – In a story that sounds like a plot from a tech drama, Soham Parekh, a software engineer from India, shocked Silicon Valley by secretly working full-time for dozens of US startups—at the same time. It all came to light when Suhail Doshi, founder of Mixpanel, shared on social media that he had to fire Parekh within a week after finding out he was also working for other companies. Soon, more startup founders spoke up with similar experiences. What Exactly Did He Do? Reports suggest that Parekh was juggling up to 34 different jobs with various startups, including…
Finance Desk – The Indian rupee is expected to open weaker today (Friday) after strong job data from the United States gave a big boost to the US dollar and pushed up Treasury yields. The 1-month forward rate suggests the rupee could open in the ₹85.46 to ₹85.50 range, compared to ₹85.31 in the previous session. Why the Rupee May Fall A Mumbai-based currency dealer said, “The ₹85.30 level is acting like a floor for the USD/INR pair, and the strong US jobs data makes it unlikely for the rupee to rise above that anytime soon.” On Thursday, US jobs…
Finance Desk – In a major blow to businessman Anil D. Ambani, the State Bank of India (SBI) has officially declared the loan account of Reliance Communications Ltd. (RCom) as fraudulent. SBI has also reported Mr. Ambani, the former director of RCom, to the Reserve Bank of India (RBI) for further action. This step was taken after a forensic audit and months of back-and-forth involving show-cause notices and replies between the bank and the company. SBI informed RCom through a letter that its Fraud Identification Committee (FIC) had found serious irregularities, such as: SBI has now asked the RBI to…
Finance Desk – Starting 1 July 2025, some big changes are being made to credit card rules by major banks like SBI Card, HDFC Bank, and American Express. These changes mainly affect fees, reward points, and insurance benefits. Here’s a simple breakdown of what’s changing and how it may affect you: SBI Card Changes (Effective from 15 July 2025) Minimum Amount Due (MAD) Formula Updated The new MAD will include: 100% of GST100% of EMI100% of fees/charges100% of finance chargesOverlimit amount (if any)2% of the remaining balance Order of Payment Settlement Revised Your payments will be adjusted in this order:…
Finance Desk – The Indian stock market had a strong start on Tuesday, but due to news about Iran breaking the ceasefire, the gains didn’t last long. By the end of the day, the market was almost flat. Here’s how the major indices closed: Top gainers included Adani Ports, JIOFIN, and Shriram Finance, while ONGC, Power Grid, and IndusInd Bank were among the losers. Trading activity was high — with 23% more volume on the NSE compared to the previous day. What Vaishali Parekh Says: Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, said that the market is…