Information Financial News
13.02 / 14:59
Provident
Manufacturing
Platform
Action
Trade
information
reports
CCPA fines Snapdeal ₹5 lakh for selling non-BIS certified toys
Subscribe to enjoy similar stories. NEW DELHI : The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹5 lakh on Snapdeal (Ace Vector Ltd) for facilitating the sale of toys that did not conform to Bureau of Indian Standards (BIS) norms, holding that marketplace platforms cannot evade accountability by claiming intermediary status when consumer safety is at stake. The order, reviewed by Mint, said the national consumer rights watchdog found non-compliant toys continued to be listed, hosted, and sold on the platform even after the Toys (Quality Control) Order, 2020, came into force on 1 January 2021.
12.02 / 11:51
UPS
Citi
Career
stage
information
Schools
Parents, clock out: Tiger parenting once children turn into adults could smother their careers
Subscribe to enjoy similar stories. There is little that beats the security of a parental nest. The knowledge that there exists a fallback option in a parent or two at home who will rush to protect you—and even fight for you—is a safety blanket that upwardly mobile young employees are refusing to let go of.
11.02 / 02:45
Citi
Provident
Hallmark
folk
information
rights
Revise India’s income tax rules for simplicity as proposed but don’t let evasion get easier
Subscribe to enjoy similar stories. The draft income tax rules released by India’s government for public comments are a marked improvement on what’s currently in force. For one, the number of rules and forms will almost be halved.
10.02 / 01:53
Progressive
Election
information
rights
Scandals
Why Sir Keir Starmer remains on the brink
Subscribe to enjoy similar stories. “The distraction has to end and the leadership in Downing Street has to change," said Anas Sarwar, the leader of Scottish Labour, on February 9th. He is the most senior figure in the party to call for Sir Keir Starmer to resign after a bruising few days during which Morgan McSweeney, the prime minister’s chief of staff, and Tim Allan, his director of communications, both quit.
09.02 / 01:25
UPS
Target
Digital
information
reports
Department
Tax dodgers beware: I-T is searching GST data to widen tax base
Subscribe to enjoy similar stories. The Income Tax department may soon start drilling into goods and services tax (GST) data in an effort to widen India's direct tax base and improve compliance, two people familiar with the plans said. The idea is to tap into the indirect tax system's technological prowess and data trove, which are widely credited with encouraging the informal sector to join the formal economy.
07.02 / 03:13
UPS
FIVE
show
information
reports
Does your AI assistant annoy you daily?
Subscribe to enjoy similar stories. For all the PhD-level intelligence they’re supposed to have, our AI assistants can be maddeningly bad at fulfilling requests smoothly. The productive time lost in trying to figure out what is going wrong is so significant that many companies are now evaluating whether the much-touted AI is delivering any real return on investment.
06.02 / 08:57
UPS
MET
information
reports
Scandals
Why Britain’s police forces are taking to AI
Subscribe to enjoy similar stories. HARRY SCHONE’s job is to work out how the police can use artificial intelligence. At Police Scotland’s headquarters, a glass cube in Glasgow’s East End, he has assembled a team of coders and engineers who stand out among strait-laced colleagues.
06.02 / 08:01
markets
UPS
Reuters
Software
Research
information
The software apocalypse will be a buying opportunity—eventually
Subscribe to enjoy similar stories. On Tuesday, the roof caved in on software, media, and information company stocks like Salesforce, Reddit and Thomson Reuters. The proximate cause was the introduction of the latest artificial-intelligence tools from start-up Anthropic, which much of the market interpreted as an existential threat to any company that doesn’t make physical goods.
05.02 / 12:11
markets
security
Analysis
Pool
information
reports
NSDL glitch stalls settlements for second day, leaving investors without shares or funds
Subscribe to enjoy similar stories. MUMBAI: Settlement disruptions hit investors for a second consecutive day on Thursday as operations at National Securities Depository Ltd (NSDL) remained suspended because of a technical glitch. As a result, investors who bought shares on Tuesday did not receive them on Wednesday in their demat accounts, while those who sold did not see sale proceeds credited.
05.02 / 10:27
Platform
Software
Enterprise
Research
Bill
Experts
information
Mint Explainer: Why Anthropic’s Claude Cowork plugins rattled IT, SaaS stocks
Subscribe to enjoy similar stories. NEW DELHI : On 30 January, artificial intelligence safety and research firm Anthropic PBC launched 11 plugins for its generative AI platform, Claude Cowork. The platform, which was launched earlier in January, together with the new plugins, can potentially automate a range of workplace tasks, such as processing insurance claims, clearing company bills, and maintaining automated logs for factories and warehouses.
05.02 / 00:39
Bill
stage
information
Department
Courts
Updates
Interviews
Recent reforms effectively a new direct tax code: CBDT chief
Subscribe to enjoy similar stories. New Delhi: India’s long-awaited overhaul of its direct tax regime has effectively arrived in stages, combining the simplified Income Tax Act enacted last year with a toned-down penalty and an enforcement framework under the Finance Bill 2026, and the revamped procedures and user-friendly ‘smart’ tax return forms to be rolled out later this month, Central Board of Direct Taxes (CBDT) chairperson Ravi Agrawal said in an interview.
04.02 / 16:59
UPS
Platform
security
Pool
Trade
information
NSDL glitch stalls trade settlement for several investors
Subscribe to enjoy similar stories. Several investors who initiated trades on Tuesday were yet to get their shares or funds credited to their accounts by Wednesday night due to a settlement glitch between India’s top two depositories. The problem cropped up at National Securities Depository Ltd (NSDL), but impacted the entire settlement process on Wednesday, four brokers told Mint.
04.02 / 14:17
markets
Provident
Software
ICE
MSCI
Trade
information
AI threatens a Wall Street cash cow: Financial and legal data
Subscribe to enjoy similar stories. For years it seemed like a sure-fire business model: Amass vast troves of financial data and sell it to Wall Street for a premium. Then Claude came along.
04.02 / 07:27
markets
UPS
Software
Enterprise
Trade
information
Updates
Indian IT stocks take a beating as AI automation tools signal an agentic shift
Subscribe to enjoy similar stories. Shares of top Indian information technology (IT) services firms fell sharply in early trade on Wednesday, mirroring the drop in US technology and software stocks overnight after American AI firm Palantir launched a new tool that threatens an important revenue stream of these companies. Shares of Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd were down 5.1%, 5.96%, 4.94%, 3.36%, and 4.61%, respectively in early trade.
03.02 / 15:05
Remark
President
War
information
Courts
Investigations
Hundreds of Swiss bank accounts with suspected Nazi links found by investigators
Subscribe to enjoy similar stories. UBS has said it wants to bring greater transparency to Switzerland’s dark chapter helping the Nazis in World War II. In Brooklyn federal court, UBS has a different message for the Jewish organization that asked for the Credit Suisse probe in 2020, the Simon Wiesenthal Center.
03.02 / 01:05
Immunic
President
country
information
Department
Equality
International
A who’s WHO of groups to quit
Subscribe to enjoy similar stories. The U.S. formally ended its membership in the World Health Organization last month, a move President Trump set in motion immediately on taking office.
03.02 / 01:05
UPS
Immunic
Bill
information
reports
Department
Undisclosed foreign Esops? Settle now with ₹1 lakh penalty under new scheme
Subscribe to enjoy similar stories. In a major relief to taxpayers holding foreign assets, Budget 2026 proposed a one-time, six-month window for taxpayers to voluntarily declare any undisclosed foreign assets or foreign-sourced income and get amnesty from prosecution under the black money Act. Under tax laws, all foreign assets must be disclosed annually in the FA Schedule of ITR-2 or ITR-3, even if they generate no income.
31.01 / 01:49
markets
Target
security
economy
Freedom
Cycling
information
Architect of chaos: Harshad Mehta and the price of reform
Subscribe to enjoy similar stories. In July 1991, India dismantled the four-decade-old Licence Raj and embraced economic liberalization. Over the next few months, as unprecedented foreign capital poured in, a peculiar euphoria gripped the nation.
31.01 / 01:49
UPS
Man
show
social
information
Relationships
How to stop a user-chatbot relationship from becoming unhealthy
Subscribe to enjoy similar stories. Sometimes I can’t help myself. I do a bit of unwise shopping and end up showing ChatGPT a new saree I bought.
30.01 / 10:27
UPS
Provident
NVIDIA
WSJ
information
reports
Amazon mulls $50 billion investment in OpenAI, report says. What’s in it for both.
Subscribe to enjoy similar stories. Amazon.com could be set to make a huge investment in ChatGPT-developer OpenAI. It’s a move that would have big ramifications across the cloud-computing and semiconductor sectors.
30.01 / 00:35
UPS
Research
Trade
students
information
rights
No express lane: EU Gateway Office won't give preferential treatment for Indian visa applications, say lawyers
Subscribe to enjoy similar stories. The European Union’s (EU) decision to set up a “Legal Gateway Office" in India under the EU-India Comprehensive Framework of Cooperation on Mobility, announced alongside the conclusion of the India-EU free trade agreement, will not create any special immigration rights or fast-track visas for Indians seeking to work or study in Europe, lawyers told Mint.
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