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BusinessPhoto: Mint Companies

Zoho Founder Sridhar Vembu Cancels Salary Increments Citing AI Costs

Zoho co-founder Sridhar Vembu announced no salary increments for employees this year due to rising costs linked to artificial intelligence and global geopolitical tensions. He apologized to employees and assured efforts to avoid mass layoffs. Vembu also faced criticism on social media for urging Indians in the US to return while halting pay hikes amid increased server and AI expenses.

Mint Companies·

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BusinessPhoto: NDTV

Markets React to Nirmala Sitharaman's Budget 2027 Tax Comments

Finance Minister Nirmala Sitharaman's remarks on potential tax changes in Budget 2027 have excited markets. Possible measures include reducing long-term capital gains (LTCG) tax, raising exemption limits, or altering securities transaction tax (STT). These changes could enhance returns for investors or reduce trading costs, depending on the specific policies implemented.

NDTV·

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BusinessPhoto: Dainik Bhaskar

Sensex Rises 1100 Points on Tax Relief Hopes and Trump Iran Decision

The stock market surged with the Sensex rising by 1,100 points, driven by hopes of tax relief and US President Trump's announcement not to attack Iran. Investors poured ₹4 lakh crore in the last hour of trading. IT stocks like TCS and HCL Tech supported the Nifty IT index, benefiting from a weaker dollar index and AI sector slowdown. Finance Minister Nirmala Sitharaman commented on LTCG and STT, boosting market sentiment.

Dainik Bhaskar·

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BusinessPhoto: Osborne Clarke

Osborne Clarke Advises Yazen Health on €50M Funding Round

Osborne Clarke, an international legal firm, advised Swedish digital healthcare provider Yazen Health on securing €50 million in funding. The round was led by European growth investor Verdane, with continued support from Evli Growth Partners. This deal highlights Osborne Clarke's expertise in Life Sciences and Healthcare, combining corporate transactional skills with digital healthcare knowledge to support business growth.

Osborne Clarke·

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BusinessPhoto: AajTak

Gold and Silver Prices Drop Sharply; New Rates Announced

Gold prices fell sharply by ₹1,750 in two days, with 10 grams now costing ₹1.48 lakh. Experts predict prices could reach ₹1.55 lakh. Silver prices also dropped suddenly, becoming cheaper than gold for a brief period. Analysts expect gold to reach $6,000 by the end of the year. The decline in 24K gold rates has raised concerns among investors.

AajTak·

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Health

Art's Role in Supporting Mental Health in Schools and Care Settings

Art may play a significant role in supporting mental health within schools and care settings. Exploring how creative activities can aid emotional well-being, this approach is being considered to enhance mental health support for students and individuals in care environments. The potential benefits include improved emotional expression and coping strategies through artistic engagement.

Elsevier·

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