Why timely EMIs matter Missing a personal loan EMI might seem like a small slip-up, but it can have outsized consequences. Lenders expect regular payments, and even one missed instalment can trigger penalties, hurt your credit profile, and make future borrowing more expensive or difficult. Immediate consequences Late fees: Most lenders charge a penalty for … Read more
Lawsuits filed against a major AI developer allege the company moved ahead with the public release of GPT-4o despite internal warnings that the model could harm users’ mental health. Plaintiffs say employees flagged the system as unusually sycophantic and capable of psychological manipulation, but the rollout proceeded anyway. What the lawsuits allege The legal filings … Read more
EPF 3.0: Simpler, More Flexible — But Is Retirement Getting Lost? The latest upgrade to the employee provident fund — often called EPF 3.0 — delivers long-overdue simplification and convenience. Faster digital processes, easier portability across jobs and clearer withdrawal options make the scheme friendlier for modern workers. Yet the changes also raise an important … Read more
Q2 results showed a healthy gain, with revenue rising and profits improving sharply, even as the company balances growth investments with headwinds in its generic medicines business. Quarterly performance at a glance The company posted a 17% jump in revenue to ₹2,860 crore for the second quarter. Net profit grew faster, up 35% to ₹689 … Read more
The Axis Bank Select Credit Card positions itself as a premium lifestyle and travel-focused option, bundling dining and grocery discounts with travel conveniences and exclusive privileges. It combines entertainment perks, dining savings, lounge access and milestone rewards aimed at regular spenders and frequent travellers. Key benefits at a glance BOGO movie offer — Buy-one-get-one free … Read more
Insurers rethink commissions as input tax credit changes bite Some private life insurers are reassessing how they pay commissions after a change that reduced their ability to claim input tax credits (ITC) on certain costs. The move is a response to higher effective costs of distribution, and companies are exploring ways to protect margins — … Read more
Traders Eye Fed Remarks as Key Driver for Bullion Comments from US Federal Reserve officials are set to take center stage for traders watching bullion. Markets are looking for clearer signals on the Fed’s monetary policy outlook, and those signals could steer gold prices in the near term. Why the Fed’s Words Matter The Fed … Read more
Think twice before borrowing for a vacation Travel is a luxury, not a necessity. That’s why taking a personal loan to fund a holiday usually isn’t a good idea unless the trip is urgent or the loan will be repaid very quickly. Personal loans carry interest and fees that can turn a short-term pleasure into … Read more
Forex reserves slide for most of the month, with a single week of relief Over the past month, the country’s foreign exchange reserves trended downward for almost every week, with the exception of one week that recorded a modest uptick. That lone bounce provided temporary relief but did not reverse the broader decline. What likely … Read more
Elon Musk opens the door to SpaceX investors Elon Musk has signaled that he may let supporters invest in his rocket company, suggesting a future public offering is possible. The idea is notable because the firm has stayed private while growing into one of the most valuable aerospace companies in the world. What this could … Read more