BYJU’s files case against investment firm over $1.2 billion loan repayment
The $1.2 billion debt is the largest unrated loan by a start-up ever. The once high-flying company led by former teacher Byju Raveendran had been trying to strike a deal with creditors to restructure the loan, after the sharp dip of the pandemic-era boom in online tutoring dealt a massive blow to it
Selling medicines at a discount of 90%, THIS 21-year-old built a Rs 500 crore company
In its early years, Generic Aadhaar expanded rapidly across cities and won Deshpande his first TED talk which soon turned viral and caught Ratan Tata's attention. Impressed by the company’s innovative model, the industrialist offered to invest in the start-up venture
Banks logged highest number of frauds in digital payments in FY23, says RBI
Over the last two years, the highest number of fraud cases were in loan portfolios of banks. In FY2023, the total number of fraud cases in the banking system were 13,530. Of this almost 49 per cent or 6,659 cases were in the digital payment – card/internet transactions category
International credit card spends abroad will now attract 20% TCS: How cardholders may be hit
Credit card spends outside India have been brought under the ambit of the LRS — under which all resident individuals, including minors, can remit up to $2,50,000 (approximately Rs 2.06 crore) abroad per year without prior approval from the RBI
Tips for hassle-free Income Tax Return filing
It's common for people to make mistakes or provide incorrect information about their income when filing their tax returns. That's why it's highly recommended to compare the income you declared in your tax return with the details mentioned in Form 26AS.
Income Tax Refund: Easy steps to check your ITR status and get money back
The income tax refund process is quite simple. After you file your tax returns and confirm them electronically or by sending a physical copy of the ITR-V acknowledgement, the refund process begins.
EFPO hasn't processed pension claims, joint options validation timely? Here's what you can do
The EPFO has recently issued directives to its officials, emphasising the importance of timely scrutiny and validation of joint options for the proposed higher pension plan
Expense management to planned investments: Tips to make you millionaire in the long run
It is indeed a challenging task to consistently generate substantial returns over an extended period. However, it is possible to achieve this milestone by investing in the right schemes and making prudent financial moves that ensure consistent returns across multiple avenues
IRCTC's 35 Paise Travel Insurance: Claiming up to Rs 10 lakh made easy
To avail travel insurance when travelling by train, passengers need to select the option at the time of ticket purchase through IRCTC's online platform
China's Iron curtain to shroud real-time value of mutual funds to curb panic selling
This reported decision coincides with a recent decline in Chinese stocks, attributed to a weakening economic recovery and persistent geopolitical tensions that have brought an end to an impressive reopening rally
Chairman Sanjiv Bajaj's solution to address unnecessary loan calls from Bajaj Finance
Despite issuing three million loans per month, the company receives 1,500 complaints per quarter related to telemarketing calls
Eurozone slips into recession, shrunk by 0.1% for second consecutive quarter
Eurostat has also revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany last month said it had fallen into recession
Meta introduces broadcast tool Channels on WhatsApp
Users in Colombia and Singapore will be the first to receive access to Channels. Over the coming months, the tool will be made available to users in more countries
RBI allows use of RuPay pre-paid forex cards at ATMs, PoS machines and online merchants overseas
RuPay Debit and Credit cards issued by banks in India have gained international acceptance through bilateral arrangements with international partners and co-badging arrangements with international card schemes.
RBI Monetary Policy: MPC decides to keep repo rate unchanged at 6.5%
RBI Monetary Policy: Standing Deposit Facility Rate remains at 6.25%; while Marginal Standing Facility Rate and Bank Rate also unchanged at 6.75%
About 80% people in Indians choose to deposit withdrawn Rs 2000 notes, boost bank deposits
Last month, the Reserve Bank of India (RBI) said it would withdraw Rs 2000 notes from circulation and permitted their exchange or deposit until September 30
Even America's biggest bank says de-dollarisation is a trend here to persist
The dollar's share of foreign exchange reserves has dropped significantly after the West froze Russia's $330 billion in reserves last year for its invasion of Ukraine
While India shines bright, Pakistan becomes economic blackhole; will grow at 0.4% this fiscal
In its report “Global Economic Prospects”, the World Bank stated that continuing effects of the 2022 floods, compounded by worsening social tensions, high inflation, and policy uncertainty are estimated to have limited growth in Pakistan
ITR Filing: Essential inclusions for HRA tax exemption in rent agreement
In addition to possessing a rent agreement for claiming the HRA tax benefit, it is crucial for individuals to also collect rent receipts, as per the officials
China's exports fall 7.5% in May amid rising inflation, tensions with US
China's exports grew in March and April, snapping a run of five straight declines, when production was disrupted by sweeping lockdowns and delays at ports when authorities enforced their strict zero-Covid policy