
SEBI's IT Resilience Index aims to evaluate the robustness of India's financial infrastructure. As technology reliance grows, this initiative is crucial for ensuring market stability. The index will assess critical systems within market infrastructure institutions, highlighting India's commitment to a resilient financial future.
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"A promising step towards a more resilient financial landscape!"
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Discover how to deduct brokerage fees and STT from capital gains tax. This expert guide explains which investment expenses are deductible and how to assess borrowing costs effectively, ensuring you maximize your tax returns.
SoftBank has sold ₹2,888 crore worth of Lenskart shares, reducing its stake to 7.28%. This marks the second time SoftBank has offloaded shares in the eyewear company, following a previous sale of ₹2,873 crore. With this transaction, SoftBank remains the second-largest public shareholder in Lenskart, highlighting ongoing shifts in investment strategies.
Boundless VC has launched a ₹300 crore fund aimed at supporting early-stage AI and frontier-tech firms in India. As the country lags behind the US and China in foundational AI development, this fund seeks to address the shortage of local risk capital for startups. The initiative highlights the growing opportunities for Indian companies in the application layer of AI technology.
A Bengaluru techie earning Rs 1.8 lakh/month faced an ICU emergency, highlighting the need for liquid emergency funds. His situation underscores that high income doesn't guarantee financial security. Experts recommend building emergency reserves and securing adequate health insurance to avoid such crises. Accessible funds are essential for managing unexpected medical expenses effectively.