Reserve Bank of India (ANI image) The Reserve Bank of India (RBI) has issued a draft proposal aimed at making cross-border payments more transparent and consumer-friendly. With this, the bank aims to address long-standing complaints about hidden charges and unclear pricing in foreign exchange transactions. A large number of individuals face difficulties while making overseas…
Bloomberg via Getty Images The US economy picked up speed over the three months to September, as consumer spending jumped and exports increased. The world’s largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected and marked the strongest growth in two years. The…
Jefferies has initiated its coverage of Groww with a buy recommendation and a target price of Rs 180. Analysts said Groww is the largest broker in India in terms of active clients, despite starting the business in FY21. They believe Groww has several levers to drive a 35% compounded annual growth rate (CAGR) of its…
Elon Musk has just gotten even closer to being the first-ever trillionaire after a court reinstated his Tesla stock options worth billions. According to Forbes’s billionaires index, the Tesla chief executive’s net worth climbed to $749bn (£559bn) on Friday, making Musk the first person to surpass the $700bn milestone. He is already the world’s richest…
Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such claims will be assessed and verified, the Income Tax Department issued an extensive set of FAQs on December 19, 2025. outlining both substantive…
The owner of the fashion brand, LK Bennett, is racing this weekend to find a saviour amid concerns that it could collapse for the second time in six years. Sky News has learnt that the clothing chain, which was founded by Linda Bennett in 1990, is working with advisers at Alvarez & Marsal (A&M) on…
Getty Images Prices in the UK rose by 3.2% in the year to November, down from 3.6% recorded in October. However, inflation remains well above the Bank of England’s 2% target. The Bank moves interest rates up and down to try to keep inflation at that level. Six cuts since August 2024 have brought rates…
