finance

Kerala's new UDF government, led by CM VD Satheesan, has formed a special committee to prepare a White Paper on the state's financial condition, headed by ex-cabinet secretary KM Chandrasekhar. This move follows allegations of financial mismanagement by the previous government. The cabinet also established an SIT to probe attacks during the Nava Kerala Yatra.

This week brings social warmth and family celebrations early on. Midweek introduces a courageous spirit for new tasks, but health and finances require caution. Work intensifies later, with support from a younger sibling. New friendships and improved neighbour relations emerge by Friday. The weekend promises domestic peace and a sense of things falling into place.

OpenAI has launched a new personal finance feature inside ChatGPT that lets you connect your bank accounts, credit cards and investment accounts through Plaid. Once linked, ChatGPT shows a dashboard of your spending, subscriptions and investments, and answers money questions grounded in your real data. It's only for ChatGPT Pro users in the US for now, with Plus and wider access coming later.

Before choosing the right mutual fund or stock, experts say the first step is tracking where your money actually goes — and AI finance apps are helping Indians turn spending habits into smarter investing decisions

A new government fund to boost urban development faces challenges in smaller cities. Weak financial reporting and limited capacity in Tier II and III cities may hinder their ability to access market funding, a key requirement for the Urban Challenge Fund. This could slow down much-needed urban investments across India.

Tamil Nadu finance Minister K A Sengottaiyan criticized AIADMK's weakening under Edappadi K. Palaniswami, attributing it to his leadership style. He also commented on the new TVK government, highlighting Chief Minister Vijay's financial crisis handling abilities and the government's swift actions on women's safety and liquor shop closures.

Kerala's new Congress government is set to take shape. CM-designate V D Satheesan will present the cabinet list to the governor on Sunday. Ramesh Chennithala is expected to secure key portfolios. Several other leaders are also likely to be included. Final decisions on portfolios will be made after discussions with allies.

The National Testing Agency (NTA) is recruiting for senior positions including Chief Technology Officer, Chief finance Officer, and General Manager-Human Resources on a contractual basis. Applications are open until May 31, 2026, with specific educational qualifications and extensive experience required for each role. These positions are based at the NTA headquarters in New Delhi.

Kia India has launched a Battery-as-a-Service (BaaS) finance program for the Carens Clavis EV, aiming to reduce upfront costs by separating vehicle and battery financing. This allows ownership plans starting from Rs 51,520 with an additional per-kilometer battery subscription charge, making EVs more accessible.

The week begins with intense work pressure and a bold decision, finding support from a sibling. Midweek brings new friendships and improved neighborly relations, but caution is advised with driving and food. As the week closes, home and family offer solace, with plans for purchases and renovations. The weekend brings good news and a sense of earned peace.

10% Weight For Contribution to Nat’l GDP Introduced

Gen Z is navigating a complex financial landscape, balancing early earning and investing with impulsive spending and trend-driven bets. While digitally savvy and embracing new tools, they often overlook essential safety nets like insurance. Experts urge a shift from quick gains to disciplined, long-term wealth building, splitting finances strategically for stability.

National Investigation Agency has arrested Iqbal Singh alias Shera. He is a wanted narco-terrorist. His extradition from Portugal followed diplomatic and legal efforts. Shera is considered the mastermind in a Hizb-ul-Mujahideen terror financing case. His arrest is a significant breakthrough in tackling Pakistan-backed narco-terror networks.

Arundhati Bhattacharya, Naina Lal Kidwai, Chanda Kochhar, Shikha Sharma were all leading some of the country’s largest financial institutions. Today, a striking number of global capability centres run in India by American, European and British banks and financial services firms are led by women. These centres span everything from core banking technology and risk management to advanced analytics and operations, supporting some of the world’s largest financial institutions and increasingly shaping how they function globally