Budweiser becomes official sponsor of ICC tournaments Budweiser has signed on as the official sponsor for the International Cricket Council’s tournaments for the next two years. This marks Budweiser’s first formal partnership with cricket, a notable move for the world’s largest beer maker as it expands into a sport with a huge global following. What … Read more
Key points on gift taxation Under the current rules, gifts from relatives are tax-exempt. By contrast, cash or property received from non-relatives becomes taxable if the total value exceeds ₹50,000 in a financial year. One clear exception: gifts received on the occasion of marriage are fully tax-exempt, regardless of the amount. Who benefits from the … Read more
Where Alternative Investment Funds (AIFs) Fit in Your Portfolio Alternative Investment Funds (AIFs) cover a wide range of strategies — private equity, real estate, hedge funds, venture capital, structured credit and more. Each AIF behaves differently, so before you commit capital it helps to know whether a particular fund belongs in your portfolio mix. Key … Read more
The Securities Appellate Tribunal (SAT) has granted short-term relief to Prabhudas Lilladher by staying a Securities and Exchange Board of India (SEBI) order that barred the brokerage from taking on new business. The stay will last for seven days, and SEBI has been given six weeks to file its reply to the firm’s appeal. The … Read more
Tight market and a fifth year of physical deficit push rates up Markets are feeling the squeeze as a persistent physical deficit stretches into its fifth consecutive year. That ongoing shortfall between supply and demand is putting upward pressure on rates across the board, squeezing margins and forcing buyers and sellers to rethink strategies. What’s … Read more
RBI’s gold reserves climb to $106.984 billion Reserve Bank of India’s latest data shows the country’s gold reserves are now valued at $106.984 billion. That is an increase of $1.033 billion from the previous week. Quick facts Current value: $106.984 billion Weekly change: +$1.033 billion Approximate rise: ~0.98% week-on-week What this means A weekly rise … Read more
Gold rates on December 12, 2025 — what to watch On December 12, 2025, 22K and 24K gold prices across Indian cities continued to follow global cues — chiefly movements in the dollar, US Treasury yields and geopolitical sentiment. Domestic factors such as the rupee’s performance, local demand ahead of seasonal buying and changes in … Read more
A leading e-commerce company has joined hands with government institutions to boost traditional artisans and women-led startups. The collaboration aims to improve market access, promote sustainable practices, and create meaningful employment—strengthening the company’s role in the country’s broader economic development. What the partnership will do Expand market access: Help artisans and women entrepreneurs sell to … Read more
A nine-day Oman trip that won’t break the bank A couple recently shared a compact, wallet-friendly nine-day Oman itinerary that balances iconic sights, easy logistics and modest spending. Their approach focuses on smart planning, off-peak timings and a mix of self-drive days with local experiences — useful if you want a full, hassle-free holiday without … Read more
Axis Bank credit card reward points: transfer options and limits Axis Bank credit cardholders can now transfer reward points to a total of 20 loyalty partners — split between 6 hotel programmes and 14 airline programmes. These partners are grouped into Group A and Group B, and transfers are subject to groupwise calendar year limits. … Read more