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Klydo's shutdown makes it the second quick-fashion startup to fold in under a year, exposing why the ultra-fast delivery model that worked for groceries hasn't translated to apparel. 

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned from Axis Bank

Microsoft announced layoffs affecting 4,800 employees, offering severance packages up to 39 weeks' pay. Compensation varies by employee level, with options for continued stock vesting and health insurance. The cuts aim to streamline costs amid significant AI investments.

The EPFO informs users that claim processing may be delayed due to a recent database consolidation and software upgrade. Services are restored but will be handled in phases. Details here.

Upasana Taku said that while the industry supports the government's financial inclusion goals, the absence of merchant discount rate means payment firms and banks continue to bear the cost of processing transactions without any revenue, even as large listed firms benefit from the zero-fee regime.

The EPF Scheme, 2026 allows members to withdraw their entire provident fund balance only under specified circumstances. Here's a detailed guide to the seven eligible situations and the key changes from the earlier rules.

The solution is not to resist innovations in payment protocols, but rather to ensure that innovation remains connected and interoperable.

Labour Law Reporter emphasizes that while 1,800 is the default PF contribution, employers must have legal grounds to reduce contributions beyond this amount. Employee protections against wage reductions remain vital under the Social Security Code.

Data moves made by both leaders signal fierce competition ahead. With one partnering with Google and the other with Meta, this contest will be neck and neck. Here's what India stands to win.

A soft credit inquiry allows individuals and financial institutions to review credit information without affecting credit scores. Here's how soft checks work, their impact, and how they differ from hard inquiries.

Dutch prosecutors suspect Tata Steel of multiple criminal offence, including unlawful release of harmful substances into the air, failing in its duty of care by carrying out insufficient maintenance

The Income Tax (I-T) department has released an Excel utility for ITR-5, enabling taxpayers to file their return for the assessment year 2026-27. 

Residents with foreign assets or overseas income must file ITR-2 instead of ITR-1 before 31 July. Check who needs to file, mandatory disclosure schedules, penalties for non-compliance and steps to ensure accurate tax filing and avoid legal issues.

Nuvama and Cushman & Wakefield's joint venture NCW has closed its maiden 4,000 crore office-focused real estate fund, 33% above its original target, on strong domestic investor demand. 

Learning by doing is an example of a theory that hardened into a practice yielding dismal results. Effective teaching comes not from the perfect application of a particular doctrine, but from judgementdiscerning what a child needs.

TCS reported its first revenue decline last fiscal year and three quarterly revenue contractions over the past eight quarters, amid mounting concerns over AI-led disruption and slowing client spending.

A multi-year capital expansion plan will follow the $15-billion investment in Andhra Pradesh announced last October, Thomas Kurian, chief executive of Google Cloud, told Mint.

The deal may value Olive PharmaScience at around 4,500 crore.

Rapido averaged 82 million monthly active users between March and May, up 67% year-on-year. That put it ahead of Uber (39 million), Ola (27 million), Blinkit (79 million), Swiggy (67 million) and Zomato (63 million).

The state-owned reinsurer is building 'Ragini', a private AI assistant, to capture underwriting expertise before it walks out the door. New chairman and managing director Hitesh Joshi talks to Mint about AI, portfolio rebalancing and the push for an 'A' rating.

DXCs management on Tuesday outlined a turnaround strategy at a media briefing held alongside the inauguration of a new office in Bengaluru.

India's next WiFi upgrade faces a regulatory test. The telecom department is weighing operators' demand for high-power use of the 6 GHz band against Isro's concerns over satellite interference, a decision that could influence the future of wireless broadband expansion.

With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.

The deal gives Inspira control of Burger King India and Indonesia operations of Burger King and Popeyes, as consolidation gathers pace in the QSR industry.

Meta breaks its silence on Instagram CSAM ad row, detailing AI tools and account removals after MeitY's notice and a BBC investigation.

Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.

The patented platform combines genome sequencing, methylation analysis and machine learning to detect cancer and identify its tissue of origin from a single blood sample.

Monthly passenger volumes surged 12% over April to 15.39 million, driven by holiday travel and a low base after geopolitical tensions dampened performance last year.

The Competition Commission of India has approved upGrad's acquisition of Unacademy's parent company, Sorting Hat Technologies.

VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over 2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.

Hydropower generation across seven Asian markets fell sharply in June, with India and Vietnam accounting for more than 80% of the decline, according to S&P Global Energy.

Cult.fit is expanding beyond gym memberships through products, corporate wellness, advertising and franchises, even as its business remains heavily reliant on fitness centres in India's four largest cities.

The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms curb corruption and overcharging at these stores. Here's all we know

HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

8th pay commission: The All India NPS Employees Federation (AINPSEF) has demanded HRA revision, minimum monthly transport allowance, DA hike, and salary increase for central government employees and pensioners.

Exports at $24 billion grew 5% in FY26, slower than the 8% growth seen in FY25, amid tariff headwinds and the West Asia war.

For 1,100 days, the farmers of Ekanapuram in Tamil Nadu stood ground against a proposed greenfield airport meant to be Chennais second. Now, a massive political shift has forced a government pause. Mint has the inside story on this David vs. Goliath battle.

Business cycle funds aim to capture opportunities across different phases of the business cycle: growth, recession, slump, and recovery. ICICI Prudential Business Cycle Fund is the biggest fund with an AUM of 15,798 crore and has delivered an 18.77% return over the last three years.

DA hike: Kerala is considering a 2% increase in Dearness Allowance for state government employees to be disbursed in their August salaries, ahead of Onam festivities. An official order is awaited.

The income tax department has launched Form 68 under the Income-tax Act, 2025, for specified investment funds to file exempt income statements and claim tax benefits for eligible non-resident investors. Details here.

Active share measures how different a fund's portfolio is from its benchmark index, expressed as a percentage between 0% and 100%.

Stretching a 35,000 monthly pension requires careful planning, especially in smaller cities like Lucknow and other similar urban areas. A structured budget, pre-built emergency savings, healthcare planning, and low-risk investments can help retirees manage expenses.

Godrej Pet Care plans to expand Ninja beyond dry dog food into wet food, treats and cat food as it targets India's fast-growing pet nutrition market dominated by Mars and Drools.

For chairman Glenn Saldanha, the way forward is a mix of licensing deals, partnerships and Glenmarks own commercialization in emerging markets.

As speculative hype fizzles out and global central banks slow their purchases, the sharp drop in gold and silver highlights the danger of trading commodities for short-term gains.

Leading Indian hotel chains aim to enhance their pricing power and profit margins by refurbishing their existing marquee properties.

Money market funds invest in money market instruments with a maturity of up to 1 year. Based on one-year performance, Union Money Market Fund has emerged as the best-performing scheme in the category with a 6.63% return, followed by LIC MF Money Market Fund and Bank of India Money Market Fund.

Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.

Calibrated price hikes have helped Indian FMCG companies navigate cost volatility without adversely affecting sales volumes

Temasek is leading a $100 million round in Indian space-tech startup Pixxel at a $350-400 million valuation, joining GIC in backing the satellite imaging firm. The deal adds to a broader rush of capital into space startups, including recent large rounds for Skyroot, Digantara, and Agnikul Cosmos.