Bill Financial News

Subscribe to enjoy similar stories. New Delhi: Netweb Technologies, the youngest of India’s technology companies to have gone public, is banking on sustained demand for homegrown artificial intelligence (AI) tools, platforms and applications to sustain strong growth over the next three to five years, a top company executive told Mint on Monday. In an interview, Sanjay Lodha, chairman and managing director of Netweb, said demand for AI “is far from facing a crash—in fact, in India, the conversations are just getting started." “We are seeing a lot of clients talk about AI spending, and it is only in the past few months that India has begun seriously spending on AI infrastructure and services," Lodha told Mint.

Subscribe to enjoy similar stories. Last week’s Supreme Court judgement holding Tiger Global liable for paying tax on capital gains made on its 2018 sale to Walmart of its stake in Flipkart held through entities in Mauritius might have opened a Pandora’s box. It denies Tiger Global exemption on shares acquired before a 2017 cut-off date under a double taxation avoidance treaty between Mauritius and India on the ground that the deal involved shell firms and the underlying value-generating assets were located in India.

Subscribe to enjoy similar stories. Email overload has always slowed down workplace, personal productivity. Consider these examples: You're hunting for the plumber's quote from last year, buried in hundreds of emails.

Subscribe to enjoy similar stories. The government has extended key export incentives to goods shipped through the postal route to bring them on par with cargo cleared through ports and airports, a move aimed at boosting e-commerce shipments and easing compliance for small exporters amid rising global trade uncertainty.

Subscribe to enjoy similar stories. Indians are obsessed with wills, nominations, property papers, and every other traditional aspect of succession. What they don’t see coming is the far bigger threat sitting right in their pocket: their passwords.

Subscribe to enjoy similar stories. Nearly two decades ago, India promised itself—and the US—that nuclear power would be its next big bet. The two countries signed a landmark deal on civilian nuclear energy in 2008, amid protests from politicians and activists alike.

Subscribe to enjoy similar stories. WASHINGTON—The cryptocurrency and banking industries are locked in a lobbying battle over digital tokens that yield annual payouts, a fight that threatens to derail legislation intended to bring crypto into mainstream finance. The two sides are clashing about what crypto firms call rewards, or annual payments to investors based on a percentage of their total holdings.

Subscribe to enjoy similar stories. NEW DELHI: The Union Budget for FY27 is unlikely to deliver major changes to income tax law.

Subscribe to enjoy similar stories. As suitcases are packed, visa stamped, and a dream job just one flight away, many Indians miss a key checklist: the financial transition to a non-resident Indian (NRI) status. Moving abroad is not just about changing a physical address, it’s about legally and financially transitioning into a non-resident Indian (NRI) status when you are planning a relocation.

Subscribe to enjoy similar stories. DETROIT—President Trump said the U.S. economy was poised for solid growth this year, pointing to steadying inflation data as he sought to address one of Republicans’ biggest vulnerabilities ahead of this year’s midterm elections.

Subscribe to enjoy similar stories. For most Indian households, debt investing begins and ends with fixed deposits. A smaller set ventures into debt mutual funds, often without a full understanding of interest rate risks.

Subscribe to enjoy similar stories. The Centre has released the draft Pesticides Management Bill, 2025, proposing to replace the Insecticides Act of 1968 and the Insecticides Rules, 1971. The move comes after years of delay, even as the indiscriminate use of pesticides and the growing presence of spurious products have underscored the need for stronger regulation of the sector.

Subscribe to enjoy similar stories. NEW DELHI : The central government has accepted all recommendations, barring one, of a Parliamentary select committee of the Lok Sabha led by MP Baijayant Panda on proposed changes to India’s bankruptcy law, according to two people aware of the development.

Subscribe to enjoy similar stories. President Trump is taking aim at solving the housing affordability crisis, a problem so entrenched in the economy that it has put home buying in a deep freeze for three years. Trump’s new housing proposals, unveiled this past week on his social-media account, are concentrated on helping home buyers and lowering mortgage rates.

Subscribe to enjoy similar stories. The government is preparing to table the Electricity Amendment Bill, 2025, in the upcoming Budget Session, setting the stage for a significant overhaul of India’s power distribution sector, according to a news report. Ahead of its introduction, the Ministry of Power is expected to begin consultations with key stakeholders to build consensus around the proposed changes.

Subscribe to enjoy similar stories. New Delhi: India’s plan to connect its interior areas by air has run into heavy weather, with expensive infrastructure and commercial viability playing spoilsport while hundreds of crores are being spent to maintain airports where no planes are landing. The total expense of the government is nearly ₹900 crore on 15 regional airports that are currently non-operational.

₹6,000 crore through certificates of deposit (CDs) at a rate of 6%, a rare move by India’s largest lender, amid tight liquidity and mounting pressure on banks to mobilize deposits, five fixed-income traders told Mint.SBI’s presence in the CD market has raised eyebrows, traders said, as it signals growing difficulty among banks in raising deposits to fund rising credit demand.The funds were raised through CDs maturing in March 2026. Union Bank of India also raised ₹200 crore via May maturity paper at 6.45%, while Small Industries Development Bank of India raised ₹4,500 crore through one-year paper at 6.95%.Certificates of deposit are low-risk fixed-income instruments where investors deposit money for a specified period at a fixed interest rate—typically higher than savings accounts—in exchange for not withdrawing funds until maturity.SBI’s three-year CD issuance at 6% is around 90 basis points higher than the interest rate it offers on bulk deposits of 46–179 days, which stand at 5.1% for the public and 5.6% for senior citizens.“State Bank of India tapping the CD market, that’s rare, isn’t it? I think they came, so it kind of underscores the point that supply is quite robust in the shorter end and credit off-take is well but deposits are a challenge,” said Killol Pandya, fixed income head at JM Financial Asset Management.While the amount is not large relative to SBI’s balance sheet, the act of raising short-term funds itself is unusual, Pandya added.Emails sent to SBI and Union Bank of India did not receive responses until press time.SBI last raised funds through CDs in November 2024, when it borrowed ₹1,650 crore.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]: After a slew of big insurance reforms since the end of 2024, India's insurance sector is hoping for an uneventful year ahead that would give industry participants time to adapt to the policy changes, and get back on the growth track.The past year saw the impact of the policy surrender value norms introduced in 2024-end.

Addressing at least 300 company executives in a virtual townhall in the last week of December, Joshi nudged the senior leaders to get closer to the 15% operating margin by March this year, according to two people privy to the development.London-based Joshi, who took over the top job two years ago, is also pushing teams to accelerate AI training for employees, win more deals at higher rates, and reduce the time staff spend away from projects, said the people quoted earlier–they asked not to be identified as details are not public.Tech Mahindra CEO’s push to win more revenue comes as the company lags its large information technology (IT) services peers in growth. The Pune-based company is nearing the final phase of Project Fortius, a three-year turnaround roadmap unveiled in April 2024.

Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] 2025 draws to a close, advertising finds itself caught between consolidation and reinvention—forced to get bigger even as its traditional role grows smaller.

₹99 here, ₹249 there, ₹1,200 occasionally. These small unauthorized debits, fake subscription renewals, or wrong UPI transfers don’t make headlines, but they quietly erode a family’s monthly surplus.AI has amplified this problem. Scammers no longer rely on clumsy phishing messages.