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Source: Live Mint Receiving an inheritance can be complex, especially if it involves cross-border transfers. Diya (name changed), a 60-year-old woman, found herself in a difficult situation when her father passed away in February 2023. She had dual US and Norway citizenship and an Overseas Citizen of India (OCI) card, and had been living in…
Source: Live Mint Artificial intelligence (AI) and its applications cannot fully replace people, Nandan Nilekani believes. And that’s because “mechanistic” process is unable to replicate “uniquely human” qualities, the Infosys co-founder said. Speaking to Moneycontrol at an AIMA event, Nilekani stated that AI will never replace human skills such as collaboration, creativity, empathy and leadership…
Source: Live Mint New Income Tax Bill 2025 LIVE Updates: The new Income-Tax (I-T) Bill, announced by Finance Minister Nirmala Sitharaman during her Budget speech on February 1, is likely to be tabled in the Lok Sabha on Thursday, as per reports. Approved by the Union Cabinet on February 7, the bill was expected in…
Source: Live Mint Private lending major HDFC Bank has increased its Marginal Cost of Funds-based Lending Rate (MCLR) for the overnight tenure by 5 bps from 9.15 per cent to 9.20 per cent. This is effective from February 7, 2025, according to the bank’s website. Rates for all other tenures are unchanged. Overall, HDFC Bank’s…
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…
Source: Live Mint The cracks in the stock market are getting bigger and wider. Stocks, sectors, strategies, and themes that have had a dream run post the covid-19 pandemic are in the grips of selling pressure. The pressure has extended to initial public offerings (IPOs) as well, and is likely to travel further. As of…
Source: Live Mint Q3 results today: A number of banking sector majors such as ICICI Bank, IDFC First Bank and Yes Bank are expected to release their Q3FY25 earnings reports today, on Saturday, January 25, 2025. Q3 Results Today — January 25, 2025 Some 13 companies, including the banking majors ICICI Bank, IDFC First Bank,…
Source: Live Mint New Delhi, Jan 23 (PTI) Overall demand continues to remain soft as inflation of food, educational and telecom expenses put pressure on disposable income of the average Indian, and steps to leave more money in their hands in the upcoming Budget will be a welcome move, Pidilite Industries Ltd Managing Director Designate,…
Source: Live Mint India is expected to issue the order to allow the export of 1 million metric tonnes of sugar in the current season to help clear the country’s surplus stock, reported the news agency Reuters, citing government and industry sources aware of the development. India is the second-largest sugar-producing nation in the world…
Source: Live Mint Q3 results today: From HDFC Life Insurance, L&T Tech, Bank of Maharashtra, Ceat to NELCO, are among at least 20 companies are set to declare their Q3FY25 earnings or Q3 results today on January 15, 2025 (Wednesday). Amid the markets volatility and the upcoming Union Budget 2025 announcement, the Q3 results 2025…
