Business

India now ranks No. 1 in supplying billionaire immigrants to the US, according to Forbes’ 2025 list of America’s Richest Immigrants. With 12 India-born citizens on the list, the country has overtaken Israel as the leading source of billionaire migrants in the US this year.Forbes’ list of 125 foreign-born billionaires spans 43 countries, but Indian-origin…

Are you planning to invest in fixed deposits, but wondering which bank offers the best interest rate? While many banks have recently lowered their FD rates following the Reserve Bank of India’s repo rate cut, several public, private, and small finance banks are still offering highly competitive returns, especially on special 444-day deposit schemes. Some…

RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial…

House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive…

The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was…

Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across high-profile pre-IPO stocks like NSE, NSDL and Tata Capital, whose unlisted values have dropped between 5% and 18% in recent weeks, according to an ET…

The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73,…

US stocks started on a cautious note Thursday despite a surge in airline shares led by Delta Air Lines, which posted strong quarterly results and raised its outlook for the rest of 2025. The S&P 500 dipped 0.1% in early trade, while the Dow Jones Industrial Average slipped 28 points, or 0.1%. The Nasdaq Composite,…

Companies that rank highest on diversity are delivering a clear financial edge, with a new study showing that inclusive firms recorded nearly 50% more profit after tax (PAT) than their less diverse peers.According to the ‘Marching Sheep Inclusion Index 2025’, a study conducted by HR advisory firm Marching Sheep, around 8 out of 10 sectors…

Gold rate today: Gold prices in the national capital rose by Rs 250 on Thursday to settle at Rs 98,670 per 10 grams, driven by renewed interest from investors and stockists amid global economic uncertainties, according to the All India Sarafa Association.This marks an uptick from Wednesday’s closing rate of Rs 98,420 for gold of…