Persistent CEO backs protocols amid Nagarro stock rally scrutiny BENGALURU: Responding to concerns over unusual trading activity in Munich-based IT firm Nagarro’s shares ahead of the deal announcement, Persistent Systems CEO Sandeep Kalra said the company followed “a very strict protocol” and tightly controlled access to the transaction. His comments came after Nagarro chief executive…
NEW DELHI: The Union cabinet has cleared fresh investment commitment of Rs 30,000 crore towards new funds being set up by National Investment and Infrastructure Fund (NIIF) as it seeks to leverage the additional resources to raise money from other investors. NIIF intends to set up a second infrastructure focused fund and will also support…
NEW DELHI: People in India’s 46 million-plus cities are earning significantly more than their counterparts in other urban areas, a new report released by NSO showed Monday. In 2025, a self-employed worker in Delhi, Bengaluru, Patna, Ahmedabad, Surat and Mumbai, among others, earned an average Rs 30,858 a month — 34% higher than their counterparts…
NEW DELHI: Reforms undertaken by India’s official statistical machinery in recent years have led to updating of macroeconomic indicators, improved data dissemination, introduction of new and user demand-based surveys, laying the foundation for a more robust, credible and future ready statistical system, principal secretary to PM PK Mishra said Monday. Addressing an event on Statistics…
MUMBAI: :Stress is emerging in the micro-borrower segment of the MSME industry, particularly for loans with ticket sizes below Rs 2 crore, even as larger enterprises remain relatively resilient amid geopolitical headwinds, tighter working capital conditions, and global supply chain pressures. The divergence in asset quality across MSME segments has widened, with micro borrowers showing…
State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise $1 billion from overseas investors in what could become its largest foreign-currency loan, while also holding talks with the Asian Development Bank (ADB) for a separate $400 million loan, a senior company executive told Reuters. State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning…
ITR filing: The choice of form should not be treated as a mechanical carry-forward of the previous year’s position. (AI image) ITR filing FY 2025-26: Any easy mistake to make when filing your income tax return is the form that you choose for ITR. This can especially be the case for salaried taxpayers who can…
The global economy is entering a new era, with globalisation giving way to geo-economic fragmentation. The shift could come at a steep cost, with the World Economic Forum (WEF) warning that a full economic decoupling between the East and the West could wipe out as much as $6.9 trillion from global GDP in 2025-26. The…
India’s Gen Z has mastered accountmaxxing — stacking SIPs, buying mutual funds and chasing financial freedom. SIPs? Locked in. Mutual funds? Loading. But when it comes to insurance, many are still depending on their parents to handle it. According to a Bajaj Capital report, 51% of Gen Z respondents actively invest through mutual funds and…
Many consumers are choosing to cash in on their holdings and lock in gains instead. (AI image) Gold selling spree! Fearing that gold prices have peaked out, Indian households are rushing to sell their old gold to cash out before prices fall too much from record highs seen earlier this year. Indian households are increasingly…
