India’s wealthiest individuals faced a massive financial hit in Monday’s stock market crash, which saw billions of dollars wiped off global markets. Along with retail investors and institutional players, some of the country’s most prominent business leaders—Mukesh Ambani, Gautam Adani, Savitri Jindal & family, and Shiv Nadar—collectively lost over $10 billion in personal wealth. The losses were reported based on Forbes’ real-time billionaire tracker, which

Swiggy, the popular online food and grocery delivery platform, is facing new tax troubles with a total tax demand of over Rs 165 crore for the financial year 2021-22. The first of the two orders was issued by the Profession Tax Officer in Pune, Maharashtra, demanding Rs 7.59 crore. This order alleges that Swiggy failed to properly deduct profession tax from its employees' salaries, which is required under the Maharashtra State Tax on Professions, Trades, Callings & Employments Act, 1975.

Bangkok, April 4 — At the 6th BIMSTEC Summit, Indian Prime Minister Narendra Modi unveiled several bold proposals aimed at enhancing regional cooperation, economic integration, and disaster resilience among the seven member nations of BIMSTEC—India, Bangladesh, Bhutan, Nepal, Myanmar, Sri Lanka, and Thailand. UPI Integration Across BIMSTEC In a major push toward financial connectivity, PM Modi proposed linking India’s UPI (Unified Pa

Union Minister Piyush Goyal’s recent remarks questioning the direction of India’s startup ecosystem have sparked a wave of reactions from prominent startup leaders and tech entrepreneurs. While addressing an audience, Goyal questioned whether Indian startups are merely focused on "dukaandari"—running shops—by prioritizing delivery services, fantasy sports, and betting platforms, as opposed to Chinese startups that are innovating in areas like electric vehicle

For Non-Resident Indians (NRIs), securing health and term insurance for themselves and their families back in India is more than just a financial obligation—it is a critical step toward safeguarding their loved ones and managing long-term security. As global citizens, NRIs often weigh the pros and cons of buying insurance in their country of residence versus opting for policies in India. What tips the scale in favor of Indian insurance are three strong reasons: affordability, extensive

The results of the 2026 H-1B visa lottery have left thousands of hopeful Indian professionals facing disappointment. The high demand once again overwhelmed the limited supply of available slots, with only 65,000 positions under the regular cap and an additional 20,000 allocated for applicants holding advanced degrees from U.S. institutions. Despite the odds, not being selected in this competitive lottery doesn't necessarily spell the end of the road. For those who weren’t chosen, there

Indian fashion stepped into a future rooted in its rich past and creative present at the Lakme Fashion Week 2025, held in collaboration with the Fashion Design Council of India (FDCI). The five-day event celebrated sustainability, tradition, playfulness, and inclusivity while offering a fresh perspective on modern Indian style. From experimental menswear to corset couture and textile innovation, the runway painted a dynamic portrait of what lies ahead. Among the standout themes was the reviva

More than 250 passengers, including several Indian nationals, have been stranded for over 30 hours at Diyarbakir Airport in southeastern Turkey following an emergency landing by a Virgin Atlantic flight. The aircraft, operating under flight number VS358, had departed London’s Heathrow Airport at 11:40 a.m. local time on April 2 and was due to arrive in Mumbai at 1:40 a.m. IST on April 3. However, a medical emergency on board forced the aircraft to divert and land unexpectedly at Diyarba

The Board of Control for Cricket in India (BCCI) is preparing to announce its annual central contracts for the senior men’s cricket team in April, with significant changes expected across various categories. Among the most talked-about developments is the anticipated return of Shreyas Iyer to the list after a notable absence last year due to multiple controversies. Iyer, who captains Punjab Kings in the IPL, had been dropped from the BCCI's central contracts in the 2023-24 cycle. Ho

Thousands of immigrant tech workers, especially Indians living in the United States, are currently facing unprecedented uncertainty regarding their future due to President Donald Trump’s renewed focus on strict immigration policies. The tightening of these policies has left many H-1B visa holders—including employees at top tech companies like Google, Amazon, Meta, and Microsoft—concerned about their job security, ability to travel internationally, and even the citizenship st

In a noteworthy development signaling the economic progress of Andhra Pradesh, the state has recorded its highest monthly Goods and Services Tax (GST) collection in nearly a year. The GST revenue generated in the state for the month of March 2025 has reached an impressive ₹3116 crore, breaking past the ₹3000 crore milestone for the first time in the last 11 months. This also marks an 8.35 percent year-on-year growth compared to March of the previous year, indicating an upward trend in tax

The Enforcement Directorate (ED) has uncovered a financial trail connecting billionaire investor and philanthropist George Soros’s Soros Economic Development Fund (SEDF) to Indian entities operating in the NGO sector, sparking serious questions about potential violations of the Foreign Contribution (Regulation) Act (FCRA) and foreign direct investment (FDI) norms. The revelations, based on detailed investigations, have triggered fresh scrutiny over the methods used to funnel foreign fun

Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024. Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet

As the new financial year commences on April 1, 2025, several significant income tax changes have officially come into effect, directly impacting salaried individuals, senior citizens, investors, and taxpayers across the country. Announced during Budget 2025, these updates aim to simplify compliance, improve transparency, and provide substantial relief to the middle class. From revised tax slabs to increased deduction limits and changes in TDS thresholds, here’s a complete breakdown of

Phoebe Gates, the youngest daughter of billionaire philanthropists Bill Gates and Melinda French Gates, has ventured into the podcasting world with her new show titled The Burnouts. The podcast, launched on April 1, is co-hosted by Gates and her former Stanford University roommate, Sophia Kianni, who has made a name for herself in the business world as a Forbes 30 Under 30 honoree. In The Burnouts, the two young women aim to provide business advi

New Delhi, April 1 – Indians working abroad sent home a record-breaking $129.4 billion in 2024, reaffirming India’s position as the world’s top remittance recipient. According to the latest figures released by the Reserve Bank of India (RBI), the last quarter of the year alone—October to December—saw the highest-ever quarterly inflows of $36 billion.   The World Bank, which tracks global remittance patterns, confirmed that India stands far a

Renowned American restaurant chain Hooters of America has filed for bankruptcy protection in Texas as part of a major restructuring effort aimed at addressing its mounting debt of $US376 million (approximately $601 million AUD). The company announced that it will transfer ownership of its company-operated restaurant locations to a group backed by the original founders of the brand, with the aim of strengthening its financial future. Despite the bankruptcy filing, Hooters has confirmed that it

The Union Cabinet, chaired by Prime Minister Narendra Modi, has sanctioned a 2% hike in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners. The decision, announced on March 28, 2025, will benefit more than one crore individuals, including both current employees and retired personnel drawing pensions from the central government. This hike, though modest compared to previous years, will be implemented retrospectively from January 1, 2025. As a resul

In India, banking services are designed to offer convenience—but they often come at a price. From ATM withdrawals to fund transfers and cheque issuance, nearly every service comes with associated costs. While some fees are minimal, others can add up over time, impacting your personal or business finances. Whether you're managing a savings account or operating a business with a current account, understanding standard banking charges is essential for smarter financial planning. Bank f

Roshni Nadar Malhotra, the chairperson of HCL Technologies, has made history by becoming the first Indian woman to break into the top 10 of the Hurun Global Rich List 2025. With a staggering estimated net worth of ₹3.5 lakh crore, she now ranks fifth among the world’s wealthiest women, marking a major milestone for Indian business leadership. Her leap in the rankings follows a significant transfer of ownership from her father, Sh