Livemint

8th Pay Commission: Consultations in Delhi conclude today. Here is a look at IRTSAs key demands, including a minimum pay of 52,600, higher fitment factors, better career progression, Group B status for SSEs and revised allowances for railway staff.

The India-UK FTA is making the UK more attractive for Indian startups, with tariff cuts benefiting goods businesses and easier worker mobility aiding SaaS and fintech companies.

Indias hotel companies shifted to occupancy-led growth in Q1FY27 as West Asia tensions weighed on foreign arrivals, while acquisitions and new signings accelerate expansion

Ola Electrics auditor has raised a red flag over its June quarter results after the firm reversed a 57-crore provision for penalties under the governments battery cell PLI scheme, even as its request for more time to meet milestones and a waiver of the penalties awaits approval.

ExxonMobil Holdings Corp. has told Kazakhstan that a potential $80 billion joint investment to expand the Kashagan oil field is contingent on resolving a long-running $150 billion dispute between the government and international companies, according to people familiar with the matter.

PFRDA is targeting 3540 crore non-government NPS subscribers in five years, up from around 90 lakh currently. The pension regulator plans to use digital onboarding, mutual fund distributors and new pension funds to accelerate NPS adoption.

As the August 31 ITR deadline approaches, freelancers must prepare to file their income tax returns. Unlike employees, they report income from multiple clients, including foreign services, which is fully taxable in India. Details here.

PPFAS CIO Rajeev Thakkar says the two-year period of sideways equity markets is not unusual, while opportunities are increasing after corrections in some market segments. He also discusses PPFAS stance on AI, IT services, private-sector banks, small- and mid-caps and popular market themes.

HDFC Mid Cap Fund crossing 1 lakh crore AUM has raised concerns over whether very large mutual funds can continue delivering strong returns. Wealth managers say AUM alone should not drive investment decisions, but liquidity, portfolio quality, risk-adjusted returns and consistency matter.

A register of who mis-sold you an insurance policy is simple to build; changing why they did so is not. Unless incentives change, accountability may stop at the person behind the desk.

A retired Mysore teacher who deposited 1.33 crore in cash won his tax appeal after ITAT Bangalore found the reassessment notice was issued beyond the permissible limitation period. 

Wakefit is investing roughly 100 crore in each jumbo store while strengthening its manufacturing, supply chain and installation capabilities to support the format, says co-founder and CEO Ankit Garg.

Central government teachers have sought major changes from the 8th Pay Commission, including restoration of the Old Pension Scheme and a higher retirement age. Their demands also include more leave, higher promotion quotas, better grade pay and expanded healthcare benefits.

Bank holidays this week: Public and private banks across India are closed on 9 August due to Sunday off. Banks observe weekly closures on Sundays and designated Saturdays, but customers can carry out essential transactions via digital banking channels on these days.

L&T Innovation Fund's interest in Indian deeptech comes as investor appetite for Indian deeptech has strengthened amid government efforts to promote indigenous technologies

Puerto Ricos federally appointed financial regulator said it may revoke a 400-megawatt emergency power contract valued at as much as $5.9 billion over 10 years after a purported bidder said its companys name and signature were used without authorization.

Berkshire Hathaway's new CEO Greg Abel spends a chunk of the company's massive cashpile

Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter, providing shareholders with the largest quarterly payout since 2021, as operating earnings surged.

Binance affiliates have accused RedotPay of fraud, claiming $472.8 million in losses in its lawsuit, alleging that founders of the Hong Kong-based crypto payments firm diverted customers to a rival product. 

USA-TRUMP-MINING:Trump administration to invest $3 billion into minerals projects to boost US defense supply chains

Ethan Allen Interiors Inc. Chief Executive Officer Farooq Kathwari, responding to an activist investors proxy challenge this week, said the furniture store is focusing on long-term retail sales over short-term digital sales.

Investing 15,000 every month for 30 years, assuming an average annual return of 12%, can potentially build a corpus of around 5.29 crore.

PhonePe launches fixed deposit (FD) distribution allowing customers to compare and book high-yield fixed deposits with partner banks and NBFCs online. Here's a stepwise guide on how to book deposits using the app

A Will and nominees alone may not be enough to help your family access your assets. Estate planning experts explain why every investor should maintain a financial inventory, what it should include, and how it can save loved ones time, confusion and legal hassles.

Titan's managing director Ajoy Chawla said the company has significant room to expand as Indias jewellery market becomes more organised, consumer spending rises and customers move towards premium products.

Private wealth managers are parceling out pieces of the 21,350 crore unrated, unlisted debt issue, selling investors a future payoff tied to Tata Sons' potential IPO.

Q1 revenue slumps 45% to 455 crore as the EV maker seeks an early resolution on Sebis disclosure probe without admitting liability.

Merchant discount rate on UPI transactions: What is MDR, will customers have to pay, who bears operating costs, who invests in infrastructure, why are discussions happening now? Check top FAQs answered

The Aditya Birla Group metal flagship reported an almost 75% year-on-year jump in the June-quarter net profit attributable to owners at 7,013 crore.

IBAI President Narendra Bharindwal described the insurance regulator's initiatives as a major milestone in enhancing accountability and protecting policyholders' interests.

UAN activation through the EPFO portal has been deactivated and shifted to the Umang mobile app. Here's how employees provident fund subscribers can complete the process. We also answer some key FAQs

Pay commission: The Himachal Pradesh government has approved a 78% salary hike for contract and trainee medical officers (specialists) up from 33,660 to 60,000 per month. CM Sukhvinder Singh Sukhu said healthcare and education are among the state's highest priorities. 

This marks a first for legacy two-wheeler makers, who have so far stayed away from entering the electric motorcycle segment, even as they work to develop the technology.

West Bengal state government has notified its 38% DA and DR hike for employees and pensioners, with effect from 1 October, just ahead of Durga Puja festivities this year. Check the latest updates here 

In July, the FSSAI privately gave the companies 90 days to drop energy drink or any similar description from high-caffeine beverages, saying there were no Indian standards for such products and that using that term breached regulations.

The top court agreed to hear the government's appeal against the verdict quashing retrospective dues, but refused to halt the release of 3,300 crore in bank guarantees to the telecom operators.

The company aims to double its tech unit's revenue share to over 20% by FY30 by expanding AI surveillance and payment solutions into retail, quick commerce, and EV charging.

In India, landlords may ask for cash rent payments. While cash payments do not disqualify HRA, lack of documentation can lead to claim scrutiny. Here's how to claim HRA benefit if you are paying rent in cash and complications that may arise.

 The court said prima facie it appears the food regulator should not have passed the prohibitory order without first giving Dabur an opportunity to be heard.

Interest earned on fixed deposits (FDs) and Kisan Vikas Patra (KVP) remains taxable under the Income Tax Act, 2025. Understand FD TDS rules, KVP tax treatment, and how investors can report interest income correctly while filing income tax returns.

The Centre claims Reliance recovered costs in the Panna-Mukta and Tapti offshore oilfields beyond the contractual limit, allowing it to retain more revenue than it was entitled to

The PFRDA has extended the cut-off time for same-day NPS contributions by 2.5 hours. This change allows later contributions to secure the same day's NAV. Here's who benefits from it.

Malaysia Aviation Group (MAG) has ordered mandatory drug testing and stricter screening for pilots after a Malaysia Airlines pilot was arrested in Indonesia with 26 kg of MDMA.

The outcome of the Karlapat bauxite block auction is significant, as aluminium makers and new entrants alike compete to secure long-term access to the mineral amid an aggressive capacity expansion cycle.

India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.

The Supreme Court has extended mandatory third-party motor insurance for new vehicles: four years for cars and six years for two-wheelers. Here's the difference between third-party and comprehensive motor cover and whether you can upgrade.

The 8th Pay Commission will hold crucial stakeholder meetings in Delhi to discuss pay revision, pensions, allowances and employee welfare. Here are the latest official updates, upcoming consultation schedules and what central government employees and pensioners can expect before the final report.

The FAA on Thursday (local time) ordered inspections of 471 Boeing 737 Max jets over concerns about possible cracks in a structural component. Boeing said it supports the directive and is working on fixes. The order comes amid past safety scrutiny of the aircraft

The company, which is among the worlds top biosimilars manufacturers, remains in a wait-and-watch mode, while exploring partnerships for manufacturing in the US if required, Shaw said.

AIG-RESULTS/ (PIX):Insurer AIG beats second-quarter profit estimates on robust underwriting