SBI Cracks Down on Underperforming Subsidiaries

SBI Chairman Setty emphasizes performance benchmarks for subsidiaries, with a focus on SBI Card and SBI Caps. Push for better governance and efficiency amid restructuring and market competition.

No Minimum CIBIL Score for First-Time Borrowers

Finance Ministry clarifies that no CIBIL score is needed for first-time loan applicants but urges due diligence; RBI mandates affordable credit reports.

Debt Mutual Funds To be Taxed under regular income

Get insights into the new tax treatment for debt mutual funds in AY 2025-26. Understand implications, rates, and exemptions for your investment.

American Express Stock Falls 3%

Amex stock drops post positive earnings report due to market concerns. Revenue exceeds forecast, driven by card spending growth & premium focus.

IndiQube IPO Hits Dalal Street

Bengaluru-based IndiQube Spaces to launch Rs 700-crore IPO on July 23, reducing fresh issue size and offering for sale. Company plans to use funds for expansion and debt repayment.

Anthem Biosciences IPO: Long-Term Pick or Short-Term Fireworks ?

Anthem Biosciences' IPO offers a dual-play CDMO, but analysts advise caution with a high P/E valuation for a long-term payoff.

Indian Bank Empowers Women with ₹1,011 Crore Loans

Indian Bank facilitates women in Tamil Nadu with ₹1,011 crore in loans during a Mega Self Help Group Credit Outreach Programme, empowering over 60 lakh women through financial inclusion.

Dubai Home Buyers Face Scrutiny : FEMA Violations

Indian residents who purchased homes in Dubai are under ED scrutiny for violating FEMA regulations through crypto payments and credit card transactions.

NBFC Growth Surpasses Banks, FM Emphasizes Synergy

FM Sitharaman highlights the significant growth of NBFCs, stressing the importance of collaboration with banks and digital innovation to meet future credit needs.

Plan Wise with SIP Calculator : Build 10 crore corpus with 5000 SIP/month

Use a SIP Calculator to estimate returns, set goals, and make informed investment decisions for long-term wealth creation.

Anil Ambani's Market Cap Surge

Reliance Power and Reliance Infrastructure witness remarkable rise in market capitalization through effective debt reduction, sector dynamics, and strategic projects.

Tilaknagar Industries in Exclusive Talks for Imperial Blue Buyout

Tilaknagar Industries is in exclusive negotiations to buy Imperial Blue whiskey from Pernod Ricard, planning to fund the deal through a mix of debt and equity.

Middle-Class Debt Trap Warning

Wealth advisor warns of the dangers of EMIs leading to a debt trap for India's middle class, impacting savings, investments, and overall economic growth.

India's Per Capita Debt Rises Sharply

Per capita debt in India surged from Rs 3.9 lakh in Mar 2023 to Rs 4.8 lakh in Mar 2025, driven by housing loans and higher-rated borrowers, as per RBI's financial stability report.

Influencer Pays uses ChatGPT to pay off $23K debt

Influencer Jennifer Allan utilized AI chatbot ChatGPT to identify savings, generate income, and pay off $12K in credit card debt in 30 days, feeling empowered and debt-free.

Tata Steel Faces Tax Authority Notice

Tata Steel has received a show cause-cum-demand notice from tax authorities over an alleged irregular input tax credit of Rs 1,000 crore.

Slice: From Fintech Startup to Full-fledged Bank

Explore Slice's journey from facing regulatory challenges to becoming a bank, doubling deposits post-merger, launching India's first UPI-powered credit card & unique UPI-led bank branch.

Multiple Bidders Eye Debt-Laden Jaiprakash Associates

Six companies, including Adani Group and Vedanta, have submitted bids for Jaiprakash Associates Ltd., marking a crucial milestone in its insolvency resolution process.

PayU India Breaks Even in FY25, Expands Credit Business and Acquires Mindgate Solutions

PayU India's payments business broke even in the second half of FY25, expanded its credit business, and acquired a majority stake in Mindgate Solutions for $68 million to enhance its digital payments capabilities.

The New Middle Class Dilemma

High earners in cities like Mumbai, Gurgaon, and Bangalore struggle to make ends meet despite ₹70 lakh annual income due to high expenses and debt burden.