business

Tesla shares plunged after Elon Musk launched the “America Party,” reigniting investor concerns about his focus amid slowing sales and an aging vehicle lineup. This move escalates his feud with Donald Trump, who criticized Musk’s influence over NASA. Investors worry about a distracted Musk and potential impacts on Tesla’s government contracts, pressuring the board to…

Reserve Bank of India keeps the Floating Rate Savings Bonds interest rate at 8.05% for July to December 2025. This rate is higher than many bank fixed deposits. These bonds offer safety and good returns. The rate is linked to National Savings Certificate and recalibrated every six months. These bonds are good for long-term conservative…

India is revamping its shipping strategy after a previous scheme failed to boost the share of cargo carried by Indian ships. The new plan involves inter-ministerial consultations and aims to create a fleet of Indian-built vessels to meet rising import demands in key sectors like petroleum, steel, and fertilizers.

Jio BlackRock Asset Management has made a strong debut, raising over $2.1 billion through its initial three mutual fund schemes. Launched shortly after securing its license in May, the offering attracted significant interest from both institutional investors and retail participants.

India’s real estate sector witnessed a significant rebound in Q2 2025, with institutional investments soaring by 122% to $1.80 billion, driven primarily by foreign investors targeting commercial assets. Despite this quarterly surge, overall inflows remained 42% lower year-on-year, reflecting a cautious approach amid global economic uncertainties.

French tech giant Capgemini is set to acquire WNS, a business process services provider, for $3.3 billion in cash. This strategic move aims to establish Capgemini as a leader in AI-powered business operations, capitalizing on the growing demand for autonomous AI agents. The acquisition, valuing WNS at $76.

The Indian Staffing Federation urges the finance ministry to lower the GST rate on employment services from 18% to 5%. ISF argues this reduction would boost formal job creation, enhance competitiveness in sectors like healthcare and retail, and align with national employment goals. They believe the fiscal impact would be minimal while promoting formalization and…

The tax treatment of many retirement products has changed in recent years. Find out how to get past these changes to make your nest egg tax efficient.

NPCI has secured a 1.5-acre land deal in Mumbai’s BKC for Rs 829.43 crore to establish its global headquarters, signaling a strategic move to consolidate operations and drive innovation in digital payments. The 80-year lease from MMRDA will allow NPCI to construct a 16-story tower with a 5,000-seat R&D center, reflecting its rising global stature…

Bank Holiday for Muharram 2025: There was uncertainty about banking services on July 7, 2025, due to confusion over the Muharram holiday. The official government calendar stated Muharram was on July 6, 2025. Therefore, banks are open on July 7.