Daily trending news …
This article explores the inspiring journey of a 36-year-old professional who achieved the significant milestone of a Rs. 1 crore net worth through sheer perseverance and systematic financial planning.
Amazon will eliminate 370 positions at its Luxembourg European headquarters, the biggest reduction ever at the facility with 4,370 employees (8.5%). Initially planning 470 cuts as part of 14,000 global layoffs for AI focus, the company reduced numbers after two weeks of mandatory negotiations under strict EU labor laws. Software developers are primarily impacted as AI automates coding tasks, highl
Zoho founder Sridhar Vembu states India can achieve top-tier manufacturing status by mastering capital goods like advanced machinery, high-precision tools, specialty alloys, crystals, chemicals, and optical/medical equipment.
The article notes silver price strength, surpassing crude oil for the first time in decades, underpinned by sustained industrial demand, supply tightness, and a weaker Indian rupee. It covers MCX and COMEX futures movements, expert commentary on future price ranges, and potential support levels.
Global Capability Centres (GCCs) are transforming India’s IT job market, adding 300,000 roles annually with 18-27% headcount growth versus 4-6% for traditional IT services firms. GCCs now employ 2 million, up from 1.2 million in 2022. Over 90 new GCCs launched and 150 expanded in 2025, projecting 200,000+ jobs in FY26.
The rupee’s decline against the dollar and a weak Sensex present challenges for investors. Analysts advise focusing on quality, stable cash flows, and fairly valued companies, while diversifying with gold and select export tied sectors. Long term planning, risk management, and selective sector opportunities are emphasised.
Public Provident Fund (PPF) remains India’s trusted risk-free savings scheme with 7.1% guaranteed returns and full tax exemption (EEE status). Monthly Rs.2,000 grows to Rs.6.51 lakh in 15 years (Rs.2.9 lakh interest), Rs.3,000 to Rs.9.76 lakh and Rs.5,000 to Rs.16.27 lakh via compounding. Ideal for conservative investors, PPF offers Section 80C deduction up to Rs.1.5 lakh and 5-year extensions pos
Mahvash Siddiqui, an Indian-origin US diplomat posted in Chennai, claims she witnessed rampant H-1B visa fraud, including fake degrees, forged documents sold in Hyderabad’s Ameerpet, proxy interviews, and bribery
Trump’s $100,000 fee on new H-1B visas from outside US devastates Indian IT outsourcing giants. Bloomberg analysis reveals 90% of TCS, Infosys and Cognizant’s H-1B hires (2020-2024) used consular processing, triggering the charge. Infosys alone would owe over $1 billion for 10,400 workers, TCS hundreds of millions for 6,500 and Cognizant for 5,600.
Income Tax Department issued an alert against individuals who claimed tax benefits using fake donations to charities and political parties, emphasizing that they are closely monitoring such fraudulent claims.
