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Newsom Blocked on Push to Shield Utilities From Fire Liabilities

California Governor Gavin Newsoms push to shield publicly traded utilities from some wildfire liabilities has been blocked by state lawmakers, according to people familiar with the negotiations.

29 Aug 2026 12:25 am
7 crore ITRs filed: I-T dept says 'don't wait for last minute' ahead of 31 August deadline for non-audit taxpayers

The income tax department said more than seven crore ITRs had been submitted as of 27 August.

28 Aug 2026 11:15 pm
Re-elected: Meet AMFI leadership team All about Chairman Sundeep Sikka and Vice-Chairman Vishal Kapoor

AMFI has re-elected Sundeep Sikka as Chairman and Vishal Kapoor as Vice Chairman. Here's a look at the careers, experience and industry roles of the two executives who will continue to lead Indias mutual fund industry.

28 Aug 2026 10:36 pm
Big tax relief: How a former BSNL employee won full VRS exemption at Chennai ITAT

Tax experts said the former employee succeeded because the Chennai ITAT accepted that the compensation paid under BSNL VRS-2019 was, in substance, retrenchment compensation rather than ordinary VRS compensation.

28 Aug 2026 7:50 pm
Step-up SIP explained: How an extra 1,000 can boost your retirement corpus

A slightly higher starting contribution can produce a considerably larger corpus when combined with the same annual step-up strategy.

28 Aug 2026 7:23 pm
How much money do you need to retire? Start with expenses, not a 1 crore target

Retirement corpus plan: There is no one-size-fits-all retirement corpus. Your target should factor in current spending, inflation, retirement age, lifespan, post-retirement income and investment returns. Here's how to calculate how much you may need.

28 Aug 2026 6:15 pm
When pay cheques stop: Why every salaried professional needs these 3 financial pillars

The starting point of any solid financial plan is a dedicated emergency reserve.

28 Aug 2026 5:39 pm
DA, pension, 5-day work, incentives on list of demands by Bank workers, as union threatens strike on 11 September

DA formula to change? Bank unions are planning a nationwide strike on 11 September to push demands for five-day work week, performance-linked incentives, and pension reforms. Here's all we know 

28 Aug 2026 5:27 pm
Small-cap funds see strong inflows: Groww AMC identifies 4 sectors with long-term growth potential

Groww cautions that small-caps remain a highly volatile investment category. Investors should therefore maintain a long-term horizon of at least eight to 10 years to potentially generate sustainable returns and a healthy CAGR.

28 Aug 2026 5:26 pm
Foreign assets disclosure: Key FAST-DS rules Income Tax Department wants taxpayers to know

The Income Tax Departments FAST-DS scheme gives eligible taxpayers a limited window to disclose certain foreign assets. Here are the key rules on eligibility, valuation, tax, penalties and the 31 December 2026 filing deadline.

28 Aug 2026 5:18 pm
Subhash Chandra breaks silence on NCLT order, disputes 3,900 crore claim, says most group debt repaid

Chandra NCLT order: Subhash Chandra has disputed the 3,900-crore NCLT claim against him, saying his group has repaid around 43,000 crore of its 45,000-crore debt. He also questioned claims filed by lenders over personal guarantees.

28 Aug 2026 4:56 pm
Google changes Europe spam policy as EU fine could reach 10% of global turnover

Google has changed its Europe spam policy after EU concerns over publisher demotions. The move comes as DMA breaches can attract fines of up to 10% of global annual turnover. The revised policy takes effect August 30 in the EEA.

28 Aug 2026 3:56 pm
Need emergency cash? You can turn your locked-in NSC into an instant loan check eligibility and interest rate

A loan against NSC can provide funds without immediate encashment. Here are the NSC loan rules, eligibility, application process, interest rate, LTV, documents and key points borrowers should know.

28 Aug 2026 2:48 pm
Expect fatalities in niche quick commerce, says FirstCry CEO Supam Maheshwari

Maheshwari said high logistics costs and a lack of scale may hurt niche players, while established retailers will leverage in-house brands and existing networks to win.

28 Aug 2026 2:05 pm
Fewer is better for Speciality Restaurants

Chief executive Avik Chatterjee is prioritizing profitable growth over rapid expansion as the restaurant operator narrows its brand focus while QSR peers struggle with profitability.

28 Aug 2026 1:15 pm
50,000 monthly income from FD: Corpus, interest rate and tax explained

To earn 50,000 a month in 2026, retirees need an FD corpus ranging from roughly 70.6 lakh to 1 crore, depending on the interest rate (6-8.5%), while factoring in TDS, senior citizen tax deductions under the Income-tax Act 2025, and post-tax income for retirement planning.

28 Aug 2026 12:05 pm
Khosla Ventures-backed AI note-taking unicorn Fireflies AI eyes acquisitions in India

Fireflies has also joined a list of global companies such as Cursor and ChatGPT in introducing India-based pricing for its products.

28 Aug 2026 11:55 am
Hyperscale data center operator Yotta set for IPO very soon, eyes valuation of $6 billion

Chairman Darshan Hiranandani announced that Yotta Data Services is in discussions to enter capital markets soon. The company targets a $6 billion valuation and aims to raise $900 million through an IPO, focusing on expanding its AI infrastructure and services.

28 Aug 2026 11:13 am
Explained | Why HDFC Bank is set to challenge NCLT order for Subhash Chandra and whats the entire case

HDFC Bank has opposed the National Company Law Tribunal's (NCLT) repayment plan for Zee Group founder Subhash Chandra, allowing creditors to receive around 6.5 crore against admitted claims of 22,006.57 crore. Here's all you need to know about the case.

28 Aug 2026 10:20 am
Judge says Pentagons measures against Anthropic were illegal and baseless

Judge says Pentagon's measures against Anthropic were 'illegal and baseless'

28 Aug 2026 9:10 am
8th Pay Commission fitment factor: 3.61, 3.833 or 4.00? What proposed salary hike means

The 8th Pay Commission fitment factor remains undecided, with several employee and pensioner organisations seeking factors of 3.61, 3.833 and 4.00. Heres what each proposal could mean for minimum basic pay, pensions and central government employees.

28 Aug 2026 8:47 am
Raksha Bandhan: How to gift mutual funds to your sibling? Know the process and key conditions

This Raksha Bandhan, gift mutual fund units to your sibling instead of a traditional present. Know the transfer process, eligibility, charges, tax treatment, NRI and minor rules, and what happens to SIPs after gifting.

28 Aug 2026 8:00 am
L&T shifts course, bets on owning new-age assets instead of building for others

L&T is reshaping its strategy in new-age sectors, betting that owning and operating assets could deliver higher returns than building them for others.

28 Aug 2026 6:00 am
Instamarts new bet: Make quick-commerce products harder to copy

Swiggy Instamart is turning to younger brands and exclusive products to differentiate its assortment as rivals narrow the gap on speed and selection.

28 Aug 2026 6:00 am
Catch them young: VCs are scouting college campuses for the next big startup

Campus Fund is raising a $100 million fund as venture capital firms increasingly look to student-led startups for early bets, encouraged by a growing deal pipeline and successful follow-on rounds.

28 Aug 2026 6:00 am
Trent winding down stores of Utsa affordable ethnicwear

Trent Ltd is winding down its affordable ethnicwear stores of the Utsa brand after as they were found unviable, according to people familiar with the matter. From a peak of over 20 stores about two years ago, the count is already down to four, with shutters on another one coming up soon. 

28 Aug 2026 5:55 am
Metas $18 billion teen safety settlement has a catch: TikTok, YouTube must follow suit

The settlement, announced on Wednesday, would impose some of Meta's toughest restrictions yet on how teenagers use Facebook and Instagram.

28 Aug 2026 1:37 am
Two Sigmas Feuding Founders Head to Arbitration in Fresh Battle

Two Sigma Investments billionaire founders are headed to another round of arbitration, the latest front in what seems to be intractable infighting at the quant trading giant.

28 Aug 2026 12:20 am
TCS Q1 variable pay: Mid, senior employees get 60-70% while juniors receive full payout, says report

Tata Consultancy Services has reportedly lowered variable compensation for mid- and senior-level employees in the April-June quarter, disbursing only 60-70% of eligible pay as operating margins shrink amid investments in artificial intelligence, according to a Moneycontrol report.

27 Aug 2026 11:31 pm
IndiaFirst Life bets on agentic AI for long-term gains, ties-up with Salesforce

IndiaFirst Life has partnered with Salesforce to deploy autonomous AI agents across core sales and customer operations, aiming for long-term growth without immediate staff cuts. 

27 Aug 2026 11:28 pm
1.7 crore home loan, fall in income, educated wife yet 2 lakh monthly maintenance: Gurgaon court explains why

A wife sought 4 lakh per month as maintenance for herself and the children at the Gurgaon Family Court. She also asked for 7.5 lakh as litigation expenses. The husband claimed that his annual income had fallen to 36 lakh with other liabilities.

27 Aug 2026 10:59 pm
Alpha Wave offers $137 mn Lenskart stake as investor exits gather pace

The floor price is 630 per share, a 1.7% discount to Lenskarts closing price on the National Stock Exchange on Thursday.

27 Aug 2026 9:25 pm
Achieving free cash flow critical for Vodafone Idea, says Kumar Mangalam Birla

The telco is also assessing fixed wireless home broadband, even as analysts warn of widening cash losses.

27 Aug 2026 9:16 pm
No major challenge likely in E10 petrol supplies, several aspects under consideration: BPCL CMD

Oil marketing companies are prepared to supply petrol containing up to 10% ethanol, as the existing network can dispense it, says Sanjay Khanna, chairman and managing director of BPCL.

27 Aug 2026 8:19 pm
NHB classifies Star Housing Finance account as fraud after audits flag phantom loans

National Housing Banks fraud classification follows audits that flagged phantom loan accounts, alleged fund diversion and other irregularities at Star Housing Finance, which is now engaging with a potential investor for a majority stake and fresh capital.

27 Aug 2026 6:43 pm
Adani, GMR increase bets on non-aero revenue to drive growth

Major airport developers, Adani and GMR, are aggressively expanding retail, dining, and commercial offerings to drive profitability as passenger traffic growth cools down. 

27 Aug 2026 2:45 pm
Global PE firm Siguler Guff eyes $350-400 mn continuation fund to back four portfolio cos

Siguler Guff is considering the fund to stay invested in value-retail chain Baazar Kolkata, multi-specialty chain Sterling Hospitals, appliance maker Luker Electric Technologies and medical device maker Relisys

27 Aug 2026 12:59 pm
Founders, investors launch 250 cr fund to back impact-focused startups

TILT is targeting a funding gap faced by early-stage businesses serving low-income communities, which often take longer to build product-market fit, distribution and sustainable economics than conventional venture-backed businesses.

27 Aug 2026 6:00 am
Beyond the blackboard: India needs a fluid education policy in the age of AI

A structural recalibration is needed in favour of a curriculum with modular learning blocks that evolve dynamically. India has a vast demographic opportunity, but to maximize its value, we must close the gap between policy intent and classroom reality.

17 Jul 2026 3:21 pm
Memorandum of misunderstanding: was failure written into the truce signed by the US and Iran?

The hazy terms of the interim deal signed by the two adversaries let either side interpret them as they please, especially references to the Strait of Hormuz. What awaits the world may be neither peace nor war, but something in between.

10 Jul 2026 3:00 pm
Is energy efficiency a communist conspiracy? Trumps administration seems to think so

Despite a history of energy-conservation measures saving billions of dollars for America, US President Donald Trump and his party seem to be doing everything in their power to sabotage such efforts. Calling its proponents communists is just the tip of the iceberg.

10 Jul 2026 2:01 pm