In a significant financial setback for India’s wealthiest individuals, seven prominent billionaires, including Mukesh Ambani, Gautam Adani, Shiv Nadar, Azim Premji, Shapoor Mistry, and others, have collectively lost a staggering $34 billion in 2025 following a sharp stock market selloff. According to the Bloomberg Billionaire Index, this loss comes amid growing volatility in global financial markets.   Gautam Adani: The Biggest Loser Ga

Reliance Jio has announced a significant partnership with SpaceX to introduce Starlink’s satellite internet services in India. This collaboration aims to improve digital connectivity across the country, particularly in underserved and remote areas. The move is contingent on SpaceX securing the necessary regulatory approvals to sell Starlink services in India. Once approved, Jio will distribute Starlink services through its extensive network of stores and online platforms. The partnershi

Elon Musk is facing growing public backlash following his involvement with the Trump administration, with protests escalating in unusual ways. One such protest appeared in New York City, where a satirical sign targeted both Musk and his electric vehicle company Tesla. The viral sign humorously instructs dog owners to dispose of their pet’s waste in the nearest Cybertruck — Tesla’s futuristic electric pickup — and even suggests depositing it "into Elon Musk's m

The central government is expected to announce a 2% hike in Dearness Allowance (DA) and Dearness Relief (DR) this week, according to several media reports. This anticipated hike is set to benefit over 12 million central government employees and retirees under the guidelines of the 7th Pay Commission. If implemented, this increase will raise the existing DA from 53% to 55% of the basic pay. The increase is designed to help employees and pensioners manage inflation by adjusting their income to

A loan against mutual funds is an effective financing option that allows investors to access funds without selling their investments. By pledging mutual fund units as collateral, individuals can secure a loan from banks or financial institutions. This method provides a practical solution for short-term financial needs while enabling investors to retain their portfolio and continue benefiting from market growth.   What is a Loan Against Mutual Funds?

US President Donald Trump reiterated his strong criticism of India’s high tariffs on Friday, calling them “massive” and emphasizing that they make it difficult for American businesses to sell products in the Indian market. Trump, addressing reporters at the White House, stated that India has now agreed to reduce these tariffs significantly, following continuous pressure and public scrutiny from his administration."India charges us massive tariffs. Massive. You can't

In a major boost to Andhra Pradesh's renewable energy sector, Tata Power Renewable Energy Limited has committed to investing ₹49,000 crores in the state. This substantial investment is part of Andhra Pradesh’s ongoing efforts to attract large-scale investments under the leadership of Chief Minister N. Chandrababu Naidu. The agreement was officially signed on Friday in the presence of Nara Lokesh, the national general secretary of the Telugu Desam Party (TDP) and the Minister for I

President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, reinforcing the United States’ role in cryptocurrency management. This move marks a significant shift in federal policy toward digital assets, as the US government will now officially stockpile Bitcoin and other cryptocurrencies seized in criminal and civil forfeiture cases.Unlike traditional government reserves, this initiative does not involve taxpayer funds. Instead, the reserve will be bui

For years, many Indian startup founders believed that incorporating their businesses in the US or Singapore made it easier to raise venture capital, manage international operations, and plan for exits. However, in 2025, this perception is rapidly changing as more startups recognize the advantages of incorporating in India.Kunal Bahl, co-founder and former CEO of Snapdeal, recently shared insights on why Indian incorporation is now the smartest choice for startups. As per the Hurun Global Unic

The United States has reportedly asked India to eliminate tariffs on nearly all goods except agricultural products, according to a CNBC-TV18 report on March 6. If India accepts this demand, it would mean removing key trade protections while receiving little in return. The proposal has raised concerns in India, as it comes amid escalating trade tensions between the two countries.US President Donald Trump has been vocal in his criticism of India’s trade policies, repeatedly labeling them

The Indian government has introduced the Income Tax Bill 2025, a major overhaul of the country’s tax laws, granting unprecedented investigative powers to tax authorities. While presented as a move to modernize tax compliance, the bill includes provisions that allow tax officers to access digital assets, emails, social media profiles, trading accounts, and cloud storage in cases of suspected tax evasion.Finance Minister Nirmala Sitharaman introduced the bill in Parliament, stating that i

The Securities and Exchange Board of India (SEBI) has introduced a new digital platform named "Mutual Fund Investment Tracing and Retrieval Assistant" (Mitra) to help investors track and reclaim lost, unclaimed, or inactive mutual fund investments. The initiative aims to reduce financial losses due to investor oversight, outdated KYC details, or the demise of the original investor.According to a circular issued by SEBI on February 12, 2025, an inactive folio is defined as a mutual f

A common question among newlyweds and couples planning their future is whether marriage has any effect on their credit score. The simple answer is no—getting married does not directly impact your credit score. Credit bureaus like CIBIL, Experian, and Equifax do not track or record marital status when calculating individual credit scores.However, while marriage itself doesn’t influence credit scores, the financial decisions you make as a couple can have a significant impact. When y

YouTube, the original video-streaming giant, is reportedly preparing a major shift toward subscription-based content, bringing it closer to competitors like Netflix and Amazon Prime Video. According to a recent report by The Information, YouTube is exploring ways to integrate third-party premium content into its platform, expanding its Primetime Channels initiative.This move would enhance YouTube’s existing subscription services, offering a redesigned interface that prioritizes

The initial public offering market has entered a phase of stagnation, with no major IPOs launched in the past three weeks. The last significant IPO was Quality Power, which opened for subscription on February 14, 2025. Since then, the primary market has seen a lull, raising concerns about investor sentiment and market conditions.Despite speculation surrounding Tata Capital’s anticipated $11 billion IPO, which is expected to be one of the largest listings of the year, the overall slowdow

Amazon Web Services, the cloud computing arm of Amazon, is set to invest approximately $8.2 billion in Maharashtra over the next few years, according to the Ministry of Electronics and Information Technology. IT Minister Ashwini Vaishnaw stated that the investment would play a key role in job creation while strengthening India’s cloud computing infrastructure. The investment is expected to be rolled out between 2029 and 2030.AWS is also planning to introduce its own graphics processing

Billionaire investor Warren Buffett has strongly criticized US President Donald Trump's latest tariffs, calling them “an act of war” and warning about their economic impact. In an interview with CBS on Sunday, Buffett argued that tariffs function as a tax on consumers and ultimately drive up prices.“Tariffs are actually—we've had a lot of experience with them—they're an act of war, to some degree,” Buffett said. He added that consumers, not fore

The Indian government is working on refining the Production-Linked Incentive (PLI) scheme to increase local value addition and export-driven growth in key industries. While the scheme has successfully attracted investment across multiple sectors, officials believe that further improvements are needed to address import dependency and enhance India's global manufacturing competitiveness.Since its launch in April 2020, the PLI scheme has been instrumental in drawing substantial investments i

Choosing the right tax regime is an important decision for taxpayers in India. The old and new tax regimes offer different benefits, and individuals must carefully analyze their financial situation before selecting the most suitable option. While salaried employees have the flexibility to switch every year, business professionals have a more restricted choice.The decision between the two regimes depends on factors such as tax-saving investments, exemptions, and deductions. Understanding these

Google co-founder Sergey Brin has advised employees working on the company’s Gemini AI models to follow a 60-hour workweek and attend office daily in a bid to boost productivity and accelerate artificial general intelligence (AGI) development. This move comes as competition in AI innovation intensifies, with industry giants racing to achieve AGI dominance.In an internal memo accessed by The New York Times, Brin outlined his vision for an optimal work schedule, stating that a 60-hour wor