Business

Union finance minister Nirmala Sitharaman on Wednesday shot back at the Congress and its leader Rahul Gandhi over their repeated claims that public sector undertakings (PSUs) were being dismantled and were in disarray under the Narendra Modi government. In a post on social media site X, the minister said the Congress allegations were a textbook […]

Finance Minister Nirmala Sitharaman on Wednesday said PSUs have suffered under the Congress-led UPA government and previously neglected ones like, the Hindustan Aeronautics Limited (HAL), have seen a ‘resurgence’ under the Modi government. Rebutting allegations by the Congress party and its leader Rahul Gandhi that state-owned companies are in a disarray, Sitharaman said such claims […]

The bank is evaluating appropriate legal remedy, including appeal, as per law IDBI Bank has received a GST demand order along with interest and penalty IDBI Bank on Tuesday said it has received a GST demand order of Rs 2.97 crore along with interest and penalty for alleged excess availment of input tax credit (ITC). […]

Last Updated: May 07, 2024, 12:41 IST Shares of CarTrade Tech zoomed 14 per cent in the afternoon session today after the e-retail firm logged a 50 per cent rise in net profit for the quarter ended March 2024. Profit climbed to Rs 22.5 crore in the last quarter against Rs 15 Crore profit on […]

Union Finance Minister Nirmala Sitharaman administers the oath of integrity and secrecy to Sanjaya Kumar Mishra as GSTAT President, in New Delhi, on Monday. The GST Appellate Tribunal or GSTAT will ensure swift, fair, judicious and effective resolution to GST disputes Justice (Retd.) Sanjaya Kumar Mishra was sworn in on May 6 as the president […]

India’s service activity rose at a slightly softer pace in April, backed by a further rise in new orders, with a notable strength in domestic demand. The seasonally adjusted HSBC India Services Business Activity Index fell from 61.2 in March to 60.8 in April, highlighting one of the strongest growth rates seen in just under […]

Last Updated: May 05, 2024, 20:59 IST Washington D.C., United States of America (USA) Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders’ meeting in Omaha, Nebraska, U.S., May 3, 2024. (Reuters/File Photo) Warren Buffett discusses Berkshire Hathaway’s interest in Indian market and investment opportunities at annual meeting. US Billionaire investor Warren […]

The 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 on Friday. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. The ongoing fourth-quarter earnings season, global factors and macroeconomic data would guide the trends in the equity […]

Last Updated: May 04, 2024, 22:07 IST Bhavesh Gupta joined Paytm in August 2020. Gupta was steering the lending business, online and offline payments, and compliances, among others, at Paytm Paytm’s parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said on Saturday. Gupta was […]

Electric carmaker Tesla has filed a copyright infringement case against a Gurugram-based battery maker Tesla Power, for having a similar name. The Elon Musk-owned company, which alleged the Indian company of infringing its trademark by using the brand name ‘Tesla Power’ to promote its products, is seeking damages and a permanent injunction against the company. […]

The notices were received by Adani firms for alleged violation of related party transactions and non-compliance with listing regulations. Adani Group’s cement companies ACC and Ambuja Cement said they have not received any notice from SEBI Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and […]

Shares of Coforge Ltd crashed as much as 10% Shares of Coforge Ltd crashed as much as 10 per cent to Rs 4505.25 during the trading session on Friday Shares of Coforge Ltd crashed as much as 10 per cent to Rs 4505.25 during the trading session on Friday after the company announced its quarterly […]

The Rs 2000 banknotes continue to be legal tender, says the RBI. RBI says Rs 2,000 banknotes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023, has now declined to Rs 7,961 crore The Reserve Bank of India (RBI) on Thursday said 97.76 per cent […]

Storage Technologies Racks and Rollers IPO: Check Subscription Status, GMP Today. Unlisted shares of Storage Technologies Racks and Rollers Ltd are trading Rs 35 higher in the grey market, expecting a 44.87 per cent listing gain from the public issue Storage Technologies Racks and Rollers IPO: The initial public offering of Storage Technologies and Automation […]

Last Updated: May 01, 2024, 22:47 IST Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, meets with Narendra Modi, Prime Minister of India, in Abu Dhabi, United Arab Emirates, February 13, 2024. (Reuters) Celebrating the 2nd anniversary of UAE-India CEPA, fostering economic growth and collaboration As the UAE-India Comprehensive Economic Partnership […]

GST collections breach landmark milestone of Rs 2 lakh crore. GST collections in April 2024 recorded a 12.4% y-o-y growth Gross GST collection in April 2024 was recorded as the highest-ever at Rs 2.10 lakh crore, according to the latest official data released on Wednesday. The indirect tax revenue in April recorded a 12.4 per […]

Last Updated: April 30, 2024, 22:52 IST A man walks past the Kotak Mahindra Bank branch in New Delhi, India, September 6, 2017. (Reuters/File Photo) Manian, who had been with the lender for nearly three decades, was elevated in a management rejig in January Kotak Mahindra Bank on Tuesday announced that its joint managing director […]

Ultratech Cement has announced its Q4 financial results. Ultratech Cement posted strong revenue and profit in Q1, driven by double-digit volume growth and lower costs; Should you buy? Ultratech Cement posted strong revenue and profit in Q1, driven by double-digit volume growth and lower costs. However, declining prices were a concern due to erratic cement […]

Her production unit sells 20,000 carry bags monthly. Sonal Aggarwal now wishes to establish a factory on an even larger scale. Successful entrepreneurs possess essential skills such as determination, passion, growth and a learning mindset. They should also have the skills to transform their innovative ideas into successful business empires. According to Local 18 Chhattisgarh, […]

Dubai Embarks on Record-Breaking Project: World’s Largest Airport with 400 Terminals and 5 Parallel Runways.(Representative image) Dubai International Airport, world’s busiest for international travel, will move its operations to the city-state’s second airfield in ‘within next 10 years’ Construction has commenced on a new passenger terminal at Al Maktoum International Airport in Dubai. Sheikh Mohammed […]

Sections 80G, 80GGA, 80GGB, and 80GGC of the Income Tax Act all deal with tax deductions for donations made, but with some key distinctions. (Representative image) While some donations are eligible for full tax exemption under certain conditions, others may only be partially exempt or not exempt at all. Donations in India stem from a […]

Apart from equities, FPIs withdrew Rs 10,640 crore from the debt market during the period under review. Overall, the total inflow for this year so far stood at Rs 4,590 crore in equities and Rs 45,218 crore in the debt market. Foreign investors pulled out domestic equities worth Rs 6,300 crore in April on concerns […]

ICICI Bank has announced its Q4 financial results. (Representative Image) ICICI Bank Q4 Results: Its net NPA ratio declined to 0.42 per cent in the March 2024 quarter, from 0.44 per cent as on December 31, 2023 Private sector lender ICICI Bank on Saturday reported a 17.4 per cent year-on-year jump in its net profit […]

Under the PM-KISAN scheme, eligible farmers get Rs 2,000 every four months, which is Rs 6,000 annually. The 17th installment of the PM-Kisan scheme is likely to be released in the last week of May PM-KISAN 17th Installment Date 2024: As beneficiary farmers are waiting for the 17th installment of the Pradhan Mantri Kisan Samman […]

Its attrition rate has declined on both year-on-year and quarterly basis to 12.4 per cent. HCL Tech’s headcount increase comes at a time when its peers TCS, Infosys, Wipro and Tech Mahindra reported decline At a time when IT companies are witnessing a fall in headcounts, tech major HCL Technologies added 2,725 employees during the […]

JNK India IPO: Check Allotment Status, Final Subscription, GMP Today. Unlisted shares of JNK India Ltd are currently trading Rs 85 higher in the grey market, expecting a 20.48 per cent listing gain from the public issue JNK India IPO Allotment Status: The share allotment of the JNK India IPO, which was open for public […]

Bajaj Finance Q4 Results: Net interest income increased 28 per cent during the fourth quarter of the previous fiscal year to Rs 8,013 crore. Bajaj Finance’s total income on a consolidated basis during the January-March period of 2023-24 rose to Rs 14,932 crore as against Rs 11,368 crore in the year-ago period Bajaj Finance on […]

Axis Bank’s mcap stands at Rs 3.43 lakh crore after its shares jumped 4.82 per cent as it posted Q4 net profit of Rs 7,129 crore. The development comes after Kotak Mahindra Bank’s shares declined 10 per cent on RBI action, while Axis Bank’s shares jumped nearly 5 per cent on robust Q4 results Axis […]

The move gives some relief to tax deductors concerning cases where the PAN of deductees is found to be inoperative due to non-linkage with Aadhaar. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate The income […]

Last Updated: April 24, 2024, 11:27 IST Earlier on April 24, a report said Bharti Airtel is in talks to buy UK-based Vodafone Group’s 21.05% stake in Indus Towers Airtel clarifies ‘not in any discussion’ to buy Vodafone UK’s stake in Indus Towers Telecom major Bharti Airtel on April 24 clarified that it is “not […]

The market capitalisation of this stock stands at Rs 233 crore. Veteran investor Ashish Kacholia has also invested in this stock in the March quarter. One of India’s leading pharmaceutical companies, Sanjivani Parenteral Limited, has shown tremendous growth in the stock market in one year. The shares which closed at Rs 198 on Monday, achieved […]

In February 2024, TCS sent an email to employees notifying them that their variable pay would soon be tied to their attendance at the office site. TCS recently revised its policy on the internal HR portal, notifying employees of these changes. Tata Consultancy Services (TCS) has updated its policy to tie quarterly variable pay to […]

Published By: Business Desk Last Updated: April 22, 2024, 19:48 IST Reliance Retail Q4 financial results have been announced. During the year, the EBITDA margin on net sales continued to improve and was 8.4 percent, up 60 bps YoY Reliance Retail Ventures Ltd, the retail arm of Reliance Industries Ltd, announced on April 22 that […]

Wipro has declared its Q4 FY24 financial results on Friday Wipro shares gained over 2 per cent on Monday as investors reacted to the IT services firm’s fourth-quarter results Wipro shares gained over 2 per cent on Monday as investors reacted to the IT services firm’s fourth-quarter results, which was better than what market analysts […]

Subscribers can file for an ‘advance’ withdrawal through the EPFO’s unified portal Paragraph 68J of the EPF Scheme is all about helping you access funds for medical emergencies The Employees’ Provident Fund Organisation (EPFO) has raised the previous eligibility threshold for automatic claim settlements under Paragraph 68J. This adjustment aligns with EPFO’s objective of optimising […]

Published By: Business Desk Last Updated: April 21, 2024, 10:46 IST Former RBI Governor D Subbarao (File photo) Former RBI Governor D Subbarao said the public should be made more aware of the cost and benefits of freebies The Modi government should come out with a ‘White paper’ to generate consensus among political parties on […]

NSE IX is an International multi-assets exchange set up at GIFT City in June 2017 and recognised by the International Financial Services Centre Authority. (File Photo) The class relief allows NSE IX members to get acquainted with equity indices at NSE IX through activities with approved broker-dealers and financial institutions in the US NSE International […]

In September 2021, the country’s forex kitty reached an all-time high of $642.453 billion, a level that was breached in March this year. (Representative image) India’s latest forex reserves: Gold reserves continue their rise and increase $1.24 billion to $55.798 billion, SDRs fall $93 million to $18.077 billion India’s foreign exchange (forex) reserves declined $5.401 […]

Compounding works on the basis of compound interest. Albert Einstein famously referred to compound interest as the “eighth wonder of the world”. Earning a good amount of corpus out of a minimum investment is no less than magic. It is possible but is unknown to many people who are new to the investment journey. One […]

Published By: Business Desk Last Updated: April 19, 2024, 10:13 IST The deal was completed last week, and the property was previously held by Arvind and Geeta Reddy. (Representative image) The plot located on “Billionaire Street” in Koramangala’s third block, was purchased for Rs 67.5 crore The most expensive property in Bengaluru was recently purchased […]

The revenue of Network18’s TV news business stood at Rs 1,556 crore during the full financial year 2023-24, against Rs 1,252 crore in FY23. (Representational image) Network18’s TV News Business registers a revenue of Rs 461 crore in January-March 2024, compared with Rs 360 crore in the year-ago period Network18’s TV news business recorded a […]

Grill Splendour Services IPO: Check Subscription Status, GMP Today. Unlisted shares of Grill Splendour Services Ltd are trading Rs 8 higher in the grey market, expecting a 6.67 per cent listing gain from the public issue Grill Splendour Services IPO: The initial public offering of Grill Splendour Services Ltd, which is going to be closed […]

Adani Group Chairman Gautam Adani. With the latest investment, Adani has completed Rs 20,000 crore planned infusion in Ambuja Cements Billionaire Gautam Adani’s family infused an additional Rs 8,339 crore in Ambuja Cements, raising its stake in the company to 70.3 per cent, to help the cement maker’s manufacturing capacity. The Adani family previously invested […]

Karnataka has already achieved 61% of the total sales recorded for the entire month of April 2023. (Representative image) In April 2023, 38.6 lakh boxes of beer were sold, whereas this year, 23.5 lakh boxes have been sold in the first two weeks of the month. In the midst of fierce competition amidst near-record high […]

Last Updated: April 16, 2024, 18:15 IST Crisil’s expenses increased to Rs 563 crore during the quarter against Rs 539 crore in the year-ago period. Crisil’s consolidated total income rises to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago Ratings firms Crisil on Tuesday reported a […]

Gold Rate Today In India: On April 16, 2024, gold prices experienced a jump in India, as investors are putting their money in the safe haven metal amid the ongoing geopolitical crisis. The price for 10 grams remained close to Rs 73,160. A thorough analysis of the market revealed that the average price for 10 […]

While companies might see dry promotions as a positive way to motivate employees, it’s not always well-received. (Representative image) A dry promotion is a promotion without the raise that typically comes with it. Ever get promoted but your paycheck stayed the same? That’s a dry promotion. The dynamic global job market has witnessed various trends […]

Gold rate today in India on April 15, 2024. (Representative image) Gold Rate Today: Check retail gold prices in different cities in Rs/10 grams Gold Rate Today In India: Gold prices in India exhibited an upward trajectory on April 15, maintaining resilience amidst the week’s fluctuations. The opening price for 10 grams of gold remained […]

Last week, the BSE benchmark Sensex dipped marginally by 3.32 points after a record-breaking rally. (Representative image) Shares of TCS will remain in focus on Monday. The company reported its January-March quarterly earnings on Friday. Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts […]

The BFSI sector is witnessing robust hiring fuelled by both established players and innovative fintech companies. (Representative image) The report found that there has been a decline in employee sentiment in fintech, health and general insurance, and investment verticals. Even as companies are stepping up efforts to promote diversity and inclusion in the banking, financial […]

HMPL’s board has approved fundraising of Rs 4,860 million through issuing and allotting up to 1.62 crore fully convertible warrants to the persons belonging to the ‘non-promoter’ and ‘public’ category on a preferential basis at an issue price of Rs 300 per warrant. The plan was approved by the board of Hazoor Multi Projects Ltd […]

Gold rate today in India on April 13, 2024: India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. (Representative image) Check gold rates today in different cities on April 13, 2024; (In Rs/10 grams) Gold Rate Today In India: On April 13, 2024, gold prices experienced a […]

The IIP grew 5.9 per cent during April 2023-February 2024 compared to a 5.6 per cent expansion in the year-ago period. The IIP grew 5.9 per cent during April 2023-February 2024 compared to a 5.6 per cent expansion in the year-ago period. India’s industrial production grew 5.7 per cent in February 2024, according to official […]

Bharti Hexacom Share Price: Bharti Hexacom shares made a bumper debut on the bourses today. The shares got listed at a 32.4 per cent premium of Rs 755, as against the IPO price of Rs 570. The listing gains beat analyst estimates of a 12-15 per cent premium. Bharti Hexacom IPO Details This will mark […]

With a gradual rise in temperature and the start of the heatwave, FMCG and dairy firms selling cola-based fizz drinks, juices, mineral water, ice creams and milk-based beverages expect a spike in sales and have ramped up their production and stocks to meet the anticipated consumer demand. The makers are launching new products keeping in […]

Last Updated: April 11, 2024, 00:05 IST Elon Musk on Wednesday confirmed that he would be visiting India later this month and meeting Prime Minister Narendra Modi. (File Photo) Sources said said that Tesla is in talks with Reliance Industries Limited (RIL) for a potential joint venture to set up a manufacturing facility in the […]

On a monthly basis, prices in March were unchanged from February’s 0.4 per cent gain. The 3.5% CPI inflation in US is a jump from February’s 3.2 per cent rate and marks the highest annual gain in the past six months US consumer inflation accelerated again in March 2024, marking a 3.5 per cent increase […]

Last Updated: April 10, 2024, 09:39 IST Market Today: Equity benchmark indices opened in green on Wednesday with the BSE Sensex rising 200 points to 74,909 and the NSE Nifty50 advancing by 50 points to 22,693. JSW Steel, Bharti Airtel, Axis Bank, IndusInd Bank, Tata Steel, HCL Tech, RILNestle India, Infosys, Wipro, SBI led the […]

Ola had launched operations in UK, Australia and New Zealand in phases in 2018. (Representational image via AP Photo) Ola says it will continue to focus on India business, where it sees immense opportunity for expansion Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will […]

Last Updated: April 09, 2024, 09:59 IST Equity benchmark indices opened in green on Tuesday with the BSE Sensex rising 200 points to 75,051 and the NSE Nifty50 advancing by 54 points to 22,720. Nestle India, UltraTech Cement, Tata Motors, TCS, Infosys, Wipro, ICICI Bank led the gains on the Sensex, while Tech Mahindra and […]

BharatPe has seen improvement in business with 182 per cent year-on-year increase in revenue from operations to Rs 904 crore in FY23. BharatPe has elevated its banking and alliance Chief Business Officer Sandeep Indurkar as CEO of payment vertical — Resilient Payments Pvt Ltd Fintech firm BharatPe is learnt to have rejigged senior management of […]

Sensex Today: Equity benchmark indices opened with optimism on Monday with the BSE Sensex rising 300 points to 74,555, and the NSE Nifty50 advancing by 65 points to 22,579. Tata Steel, Titan, Axis Bank, HUL, Infosys, Tech M, Bajaj Finserv, ICICI Bank, SBI and RIL led the gains on the Sensex, while Nestle India, Wipro, […]

Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, […]

Gold rate today in India on April 7, 2024. (Representative image) Gold rate today in India: Know retail gold price trends on April 07 Gold Rate Today In India: During a week characterised by shifting trends, the price of gold in India rose on April 07, with the base rate for 10 grams remaining at […]

File photo of Wipro CEO Thierry Delaporte. Srini Pallia succeeds Thierry Delaporte as Wipro’s CEO, who after spearheading a significant transformation at Wipro for the last four years, is stepping down to pursue passions outside the workplace IT major Wipro on Saturday said Thierry Delaporte has resigned as the company’s CEO and MD. Srini Pallia […]

This is the sixth consecutive week of a jump in overall forex reserves in India. Gold reserves rise $673 million to $52.16 billion during the week ended March 29; special drawing rights increase $73 million to $18.145 billion India’s foreign exchange reserves increased $2.951 billion to $645.583 billion for the week ended March 29, according […]

During FY24, Kalyan Jewellers opened 71 showrooms, taking the total number of showrooms to 253 across India and the Middle East. Kalyan Jewellers, which has 253 showrooms across India and the Middle East, posted a revenue of nearly Rs 3,400 crore during the fourth quarter of the last fiscal, and Rs 14,109.33 crore revenue for […]

Last Updated: April 05, 2024, 09:25 IST Sensex Today: Despite weakness in global peers and Gift Nifty, equity benchmark indices may started Friday’s trading session on a rather quiet note ahead of the RBI policy. The S&P BSE Sensex opened at 74,287, marginally in the positive zone, but soon slipped nearly 300 points to a […]

The RBI emphasised that the regulatory framework for ETCDs has remained consistent over the years and that there was no change in the central bank’s policy approach. The RBI says it had permitted users, for the ease of doing business, to take positions of up to $100 million across exchanges without providing documentary evidence to […]

Last Updated: April 04, 2024, 08:22 IST Govt Hikes Windfall Tax on Petroleum Crude The Indian government has raised its windfall tax on petroleum crude for the fifth time since February to Rs 6,800 The Indian government has raised its windfall tax on petroleum crude for the fifth time since February to 6,800 Indian rupees […]

Tesla will send a team from the United States by late April to study sites for the plant. (Photo: Bleeping Computer) Tesla’s reported push into India comes at a time when EV demand is slowing and competition heats up in its main markets of the US and China Tesla, owned by billionaire Elon Musk, will […]

Stocks To Watch On April 3: Domestic markets took a breather on Tuesday after scaling fresh highs a day earlier. Factors such as a rising dollar, increasing US bond yields, and a notable uptick in crude oil prices collectively dampened investor sentiments. Zee Entertainment Enterprises: Managing Director and Chief Executive Officer, Punit Goenka, will take […]

The share of IT software in the gig economy has nearly doubled, jumping to 46 per cent in March 2024, from 22 per cent in March 2023. (Representative image) The report is based on an analysis of fit data from March 2023 to March 2024. Hiring by Indian companies saw a 4 per cent decline […]

Stocks to watch on April 2: Equity market started the week with modest gains and hit new life highs, gaining over half a percent. In today’s trade, shares of ABFRL, Hero MotoCorp, Infosys, RIL, Bharat Electronics will be in focus due to various developments and monthly business updates. Infosys: The IT services major has received […]

In May 2023, the central bank had announced the withdrawal of Rs 2000 denomination banknotes from circulation. About Rs 8,202 crore is yet to be deposited as on March 29, 2024, compared with the Rs 3.56 lakh crore in circulation at the close of business on May 19, 2023 The Reserve Bank of India (RBI) […]

Stocks To Watch on April 1: Equity markets ended the last fiscal on a positive note despite uncertainty around valuations in the broader market. In today’s trade, shares of IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel will be in focus due to various news developments. Bank Of India: Bank Of India has received […]

Zomato says it has a strong case on merits and the company will be filing an appeal against the order before the appropriate authority. (Photo: Reuters) Zomato says it has received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, raising […]

The name of the brand is Artistic Naari. The demand for their products has been witnessing an upward trend and now 6-7 people have been hired to work on the designs. A Karnal resident named Arpit Madan and his friend are in the headlines for initiating a startup named Artistic Naari. As per Local18 Hindi, […]

Registering under MSME can provide companies with loan benefits. The Ministry of Micro, Small, and Medium Enterprises (MSME) has been created by the government of India. India is a developing country. Many new businesses start their operations every day. Not all businesses run at a macro level, many of them are small businesses. In order […]

Fuel rates in India: Petrol and diesel prices today on March 30. (Representative image) Check city-wise petrol and diesel prices on March 30. Petrol, Diesel Prices Today On March 30, 2024: Every morning at 6 am, oil marketing companies (OMCs) reveal the prices of petrol and diesel, regardless of their stability. This consistent process, overseen […]

SRM Contractors IPO: Check Allotment Status, GMP Today. Unlisted shares of SRM Contractors Ltd are trading Rs 125 higher in the grey market, expecting a 59.52 per cent listing gain from the public issue SRM Contractors IPO Allotment Status: The share allotment of the SRM Contractors IPO, which was open for public subscription between March […]

Petrol, and Diesel prices on March 29 Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on March 29, 2023 Petrol and Diesel Prices Today On March 29, 2024: Changes in the prices of petrol and diesel affect the pocket of the common man. Recently, the prices of petrol and diesel were […]

The eight core sectors contribute 40.27 per cent to the country’s Index of Industrial Production. (File Photo) The growth rate in the output of these sectors slowed to 7.7 per cent in April-January this fiscal against 8.2 per cent in April-February 2022-23 The growth of eight key infrastructure sectors slowed to 6.7 per cent in […]

Stocks To Watch on March 28: Indian markets showed strength amid mixed global cues and gained over half a percent on Wednesday. In today’s trade, shares of JSW Energy, IDFC First Bank, Zydus Life, Alkem Labs, Tata Elxsi among others will be in focus due to various news developments. Bharat Heavy Electricals, Adani Power: The state-owned […]

Panagariya said Prime Minister Narendra Modi worked hard over the past 10 years to make India a friendly place for businesses, so investment is coming in. India’s economy grew at better-than-expected 8.4 per cent in the third quarter of FY24 — the fastest in the past one-and-a-half years. India can realistically push its economic growth […]

Last Updated: March 27, 2024, 08:04 IST Stocks To Watch On March 27: Equity indices declined on Tuesday, snapping their three-day gaining streak amid mixed global trends. In today’s trade, shares of Angel One, CDSL, Apollo Pipes, Cipla, Aster DM Healthcare among others will be in focus due to various news developments. Aster DM Healthcare: […]

SRM Contractors IPO: Check Subscription Status, GMP Today. Unlisted shares of SRM Contractors Ltd are trading Rs 90 higher in the grey market, expecting a 42.86 per cent listing gain from the public issue SRM Contractors IPO: The initial public offering of SRM Contractors Ltd, which was opened for public subscription on March 26, has […]

Stocks to watch on March 26 Stocks to watch: Shares of firms like RIL, RVNL, UltraTech, JSW Energy, HAL, Vedanta, Maruti, and others will be in focus on Monday’s trade. Stocks To Watch On March 26: Taking cues from a global rally, domestic equities surged last week after the US central bank hinted at rate cuts […]

A combination of policy changes such as bankruptcy law and taxation code and the enabling environment created by the digital public infrastructure has made India an attractive investment destination for the financial technology sector, a senior World Economic Forum (WEF) official said. In a video interview with PTI, Matthew Blake, Head of the Centre for […]

The closure is due to Holi, a widely celebrated festival in India. The stock market will be closed for the entire day on Monday, March 26th, 2024. Analysts expect global cues and foreign investor activity to steer the stock market this week, which is shortened by a holiday. Key indexes could experience choppy trading due […]

In order to facilitate government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country RBI offices dealing with government business and all designated branches of agency banks will keep their counters open as per normal working hours on Saturday and Sunday for the convenience of taxpayers. RBI […]

Rekha Jhunjhunwala, the wife of late ace investor Rakesh Jhunjhunwala, purchased nine apartments for Rs 118 crore since November 2023 through multiple entities. Rockside CHS, which is just behind sea-facing Jhunjhunwala’s RARE Villa residence, was up for redevelopment under a cluster scheme Rekha Jhunjhunwala, the wife of late ace investor Rakesh Jhunjhunwala, has bought almost […]

Under the new security mechanism, NPS subscribers can only access their accounts after providing Aadhaar-based identification and entering the OTP issued to their registered mobile number. As per the PFRDA, the Aadhaar-based login authentication would be merged with the current user ID and password-based login process to make the CRA system available through two-factor authentication […]

Last Updated: March 22, 2024, 14:03 IST There has been a decline in Paytm’s UPI transaction volume in February, following the RBI action. Paytm recently received the National Payments Council of India (NPCI) approval to function as a third-party app Shares of One 97 Communications, the parent company of fintech platform Paytm, traded above Rs […]

Fraudsters use different strategies to avoid detection. In many cases, money mules are innocent people who get tricked into the scheme through different methods like job offers, online ads, or social media messages. A money mule is a person who receives and transfers money from fraud victims. While some money mules are knowingly involved in […]

While India’s insurance sector is witnessing a rise in women policyholders, experts feel there’s still room for improvement. The country is seeing positive changes in women’s insurance participation. Women are increasingly buying insurance, with their share reaching 34.2% of total policies sold in 2022-23 (as per IRDAI). This translates to millions of women taking charge […]

RBI Retail Direct Scheme: The Retail Direct Scheme by the Reserve Bank of India enables retail investors to directly purchase and sell government securities, eliminating the requirement for intermediaries. Introduced in 2020, this scheme serves as a comprehensive solution designed to simplify individual investors’ access to G-Sec investments. The online portal provides retail investors with […]

Last Updated: March 20, 2024, 23:57 IST Washington D.C., United States of America (USA) The Fed has raised rates aggressively over the past two years to a 23-year high in a bid to fight the highest inflation in decades. (Photo: AP file) Central bankers are facing the difficult task of balancing the risk of cutting too soon with the risk of […]

Panel discussion at the Rising Bharat Summit 2024 Rising Bharat Summit: The panel embarked on a discourse illuminating the startup ecosystem in India Rising Bharat Summit: In the dynamic landscape of entrepreneurship, the words of visionaries resonate, inspiring a generation to harness their potential and catalyse economic growth. At News18’s ‘Rising Bharat Summit’ 2024, luminaries […]

Last Updated: March 19, 2024, 21:15 IST On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore. (Representative Image) On a gross basis, before adjusting refunds, the direct tax collection stood at Rs 22.27 lakh crore, an 18.74 per cent growth over the year-ago period The net direct […]

Macrotech Developers has given a return of 142.37 per cent multi-bagger returns to its investors from last year. Regarding Macrotech Developers stock, Jefferies has said that this stock can reach the price of Rs 3,000 by the financial year 2029. Jefferies, a global investment banking and capital markets firm that offers insights to investors, companies […]

The new interest rates were in effect from March 7. While the highest rate on a tenure of 15 months has been made at 8.50 per cent, the highest interest rate on the same tenure for senior citizens is 9 per cent. Fixed deposits (FD) have been cherished as one of the most secure procedures […]

Singh also sells the chocolates online. Although Singh used to make only 10 to 15 varieties of chocolates, he got positive responses from the customers and then, expanded his business. People around the world, who are fond of sweets, eventually like chocolates as well. While some prefer the sweetened ones, some like the unsweetened ones […]

Last Updated: March 15, 2024, 12:43 IST Advance tax: Last instalment deadline on March 15 Missing the payment deadline would mean the taxpayers will be liable to penalties under Sections 234B and 243C. Income tax alert: March 15 is the due date to pay advance tax. Taxpayers should carefully calculate the advance tax liability. Advance […]

Last Updated: March 15, 2024, 14:09 IST Union finance minister Nirmala Sitharaman. (Image: News18) On Crypto assets, Sitharaman said, they cannot be currencies and that’s the government of India’s position. Finance minister Nirmala Sitharaman on Friday said despite huge fluctuations globally, the Indian stock market has maintained “a certain level of sanity” and the market […]

Applying for a personal loan online has become increasingly popular due to its convenience and accessibility. Here’s a step-by-step guide to help you through it: Research & Evaluate Lenders Before applying for the loan, research different lenders to find the best rates and terms that suit your needs. Look at interest rates, repayment terms, fees, […]

Last Updated: March 15, 2024, 14:52 IST Shares of RailTel Corporation of India Ltd extended their upward move for the second straight session RailTel Share Price: The order is for setting up IP-MPLS network connectivity in Odisha under OdishaNet Phase 1.0. The project needs to be executed by September 2025 RailTel Share Price: Shares of […]

They raised its growth rate estimate for the US to 2.1%. In its latest Global Economic Outlook, the rating agency noted that India’s economic growth is outperforming quarterly estimates, propelled by a surge in domestic demand. Fitch Ratings, an American credit rating agency, has revised its forecast for India’s gross domestic product (GDP) growth rate […]

In April 2020, the company’s shares were at 22 paise apiece. The company’s stock price rose by about 271 per cent from the last year. Similarly, it has given a return of 25.12 per cent in the last three months. Investors always look for penny stocks which can yield them multi-bagger returns in the long […]

Last Updated: March 14, 2024, 21:49 IST About eight lakh employees and 4.40 lakh pensioners will benefit from the decision. The government announced a 4 percentage point hike in dearness allowance of employees and pensioners on the lines of the Centre. The decisions were taken in the state cabinet meeting held here on Thursday evening […]

Last Updated: March 14, 2024, 17:13 IST Paytm shares have lost 54% of their value since the regulatory clampdown, in the worst crisis for one of India’s largest digital payment firms. (Representative image) Paytm Payments Bank has decided to lay-off staff in certain divisions, including operations, the sources with direct knowledge of the matter said […]

Apply for the scheme by visiting the official website. The grant amount was Rs 15,000 which will now be extended up to Rs 25,000 from the financial year 2024-25. The Uttar Pradesh state government, led by Chief Minister Yogi Adityanath, has recently announced an increase in the grant amount under the Mukhyamantri Kanya Sumangala Yojana. […]

Krishnan Mahadevan took over Iyer Idly after his father’s death. Reportedly, more than 50,000 idlis are sold every month at Iyer Idly. In India, the entrepreneurial culture has been on the rise, especially in the last 10 years due to the advent of many startups. Many entrepreneurs have started from scratch, while others have left […]

Shares of Cupid Limited are trading at Rs 2442 today. The share price of Diamond Power Infrastructure has increased by 1700 percent in the last six months. The Indian stock market has been bullish for some time now. In the last year, BSE Sensex has increased by about 27 percent. Small-cap shares have also greatly […]

On a profit of Rs 50,000, one pays Rs 17,500 tax. If you have earned a profit of Rs 1,000 on the sale of cryptocurrency, then post the deduction of 30% tax, you will not get Rs 700. Cryptocurrency is a digital currency which is an alternative form of payment created using encryption algorithms. In […]

One of the fundamental principles of the circular economy in real estate is the use of sustainable and recycled materials. The circular economy is a regenerative economic system that aims to minimise waste and resource depletion by promoting reuse, refurbishment, and recycling of materials The concept of the circular economy is revolutionising industries worldwide, and […]

Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of the last few years. The company, along with some of its existing investors, is targeting a sale of about […]

India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to enhance trade and investments between the two regions, heralding a new era of economic cooperation. As a result of the trade pact, Indian customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and […]

This is another initiative of the CBDT towards easing compliance for taxpayers and reinforcing its commitment towards enhancing taxpayer services. (Representative image) The income tax department receives information on specified financial transactions of taxpayers from various sources. The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes […]

The Centre will pull all stops to ensure prices of essential food items from onion to tomatoes to pulses do not spike particularly during the elections, Union Minister Piyush Goyal said as he cited the Modi government’s track record of controlling rates within days of any temporary hike. In an interview with PTI, Goyal, who […]

India’s office space demand is likely to breach the 50 million square feet mark for the third consecutive time in 2024, firmly establishing the new benchmark in commercial real estate. (Representative image) In a realistic scenario, the gross leasing of Grade-A office space is estimated at 50-55 million square feet this year across these six […]

Last Updated: March 08, 2024, 21:43 IST London, United Kingdom (UK) Prime Minister Narendra Modi chats with UK Prime Minister Rishi Sunak following his arrival at the venue for G20 Summit, Bharat Mandapam. UK negotiators return from New Delhi without finalising a bilateral free trade agreement. Talks remain open as India seeks a balanced deal […]

The cost of the veg thali increased due to a surge of 29 per cent and 38 per cent on-year in prices of onion and tomato, respectively. (Representative image) The cost of a vegetable thali, which comprises roti, vegetables (onions, tomatoes and potatoes), rice, dal, curd and salad, increased to Rs 27.5 per plate in […]

The Jute Corporation of India (JCI) will continue as a central government nodal agency to undertake price support operations. The decision to fix the minimum support price (MSP) of raw jute (TDN-3 equivalent to earlier TD-5 grade) was taken at the Cabinet Committee on Economic Affairs The government on Thursday raised MSP for raw jute […]

Tata Motors says the price increase is to offset the residual impact of the past input costs. While the price increase will vary as per individual model and variant, Tata Motors says it will be applicable across the entire range of commercial vehicles Tata Motors on Thursday said it will increase prices of its commercial […]

The government will divest 7 per cent equity including Green Shoe option of 2 per cent. The Rs 2,000 crore OFS will open for institutional investors on Thursday and for retail investors on Monday The government will sell up to a 7 per cent stake in NLC India at a floor price of Rs 212 […]

The National Coal Gasification Mission aims to gasify 100 million tonne of coal by 2030 through surface coal/lignite gasification projects. (Representative image) The ministry said it has issued three draft request for proposals (RFPs) for consultation on coal gasification scheme. Ministry of Coal on Wednesday said it has sought feedback from interested government as well […]

Proceeds from the fresh issue to the tune of Rs 118.78 crore will be used for purchase of equipment The company may consider raising Rs 123.50 crore in the pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced. Infrastructure company Ceigall India Ltd has filed preliminary papers with capital […]

22% of women account for those who have a limited credit history. (Representative image) Women who own a credit card and regularly avail loans represent 13% whereas women who do not own a credit card but opt for other loans represent 18%. Ahead of International Women’s Day, fintech platform Fibe has revealed interesting findings about […]

As the Arvind Kejriwal-led Aam Aadmi Party government presented its tenth and final budget ahead of the 2024 general elections and the 2025 Delhi assembly polls, there were a few standout factors — the leitmotif of Ram, couplets from the epic Ramcharitmanas, vision of Ram Rajya, and the promise of giving Rs 1,000 per month […]

Realty firm Signature Global has sold luxury flats worth over Rs 3,600 crore in its new housing project, ‘DE LUXE-DXP’, at Gurugram, reflecting strong consumer demand despite price rise. The DE LUXE-DXP project in Sector 37D, Gurugram, comprises 1,008 residences across eight towers, including 3BHK, 3.5BHK, 4.5BHK apartments and penthouses. “These project offers a unique […]

The in-house UPI facility will be spread across Flipkart group companies including, Myntra, Flipkart Wholesale, Flipkart Health+, and Cleartrip. The Flipkart UPI, launched in partnership with Axis Bank, will initially be available for Android users E-commerce company Flipkart on Sunday launched its unified payments interface (UPI) services for online and offline payments. The Flipkart UPI, […]

Vedanta says deleveraging is its priority. The financial year 2025 maturities of $1,100 million and close to $750 million of interest servicing will be managed through brand fees, dividends from operating companies, asset monetisation and other strategic initiatives Vedanta Resources, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, does not foresee a rollover of […]

FM Nirmala Sitharaman recently inaugurated LIC’s new international business centre at GIFT City, Gujarat. Over the past three months, LIC has delivered a total return of 54 per cent to investors, with a yearly return of the same percentage to its shareholders. Life Insurance Corporation of India (LIC) handed a dividend cheque of Rs 2,441.44 […]

PMJJBY offers a one- year term life cover of Rs 2 Lakh to all the subscribers in the age group of 18-50 years. (Representative image) PMJJBY scheme is a one-year term life insurance scheme, renewable from year to year, offering life insurance cover for death due to any cause. Pradhan Mantri Jeevan Jyoti Bima Yojana […]

Experts said power consumption as well as demand improved in February as mercury remained low during the month, especially in north India. (Representational image) The peak power demand met — the highest supply in a day — rises to 222 GW in February 2024 India’s power consumption grew over 8 per cent to 127.79 Billion […]

Last Updated: March 01, 2024, 16:34 IST Anant Ambani and Radhika Merchant’s pre-wedding festivities will take place from March 1-3. (Image: X) The highlight of the evening will be special performance by Rihanna — the first-ever in India — that will have guests grooving to her popular tracks A special performance by singing sensation Rihanna, […]

These directions will be applicable from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. These directions will be applicable from April 1, 2024 to banks, NPCI Bharat BillPay Limited and other non-bank payment system participants. The Reserve Bank of India on Thursday issued revised norms to streamline the […]

Curated By: Business Desk Last Updated: February 29, 2024, 16:17 IST Fake websites also charge a lot of money for making passports. The modus operandi of cybercriminals for targetting passport applicants includes creating a fake domain name for the passport’s website which is quite similar to the original name. India has been grappling with a […]

RK Swamy Ltd, the Chennai-based marketing communications major on Wednesday fixed the price band at Rs 270-288 per share for its Rs 423-crore Initial Public Offering (IPO), becoming the first in the category to go public. The initial share sale will open for public subscription on March 4 and close on March 6. The bidding […]

Curated By: Business Desk Last Updated: February 28, 2024, 16:24 IST Being the custodian of several renowned global brands in India, Reliance is well-equipped to further expand Elephant House’s established consumer brand. Elephant House is owned by Ceylon Cold Stores PLC, a subsidiary of John Keells Holdings PLC, Sri Lanka’s largest listed conglomerate. Reliance Consumer […]

Vodafone Idea plans to raise around Rs 45,000 crore through a mix of equity and debt, the company said. The telco said its Board of Directors have approved fund-raise of up to Rs 20,000 crores via a combination of equity and/or equity-linked instruments. Vodafone Idea board on Tuesday approved a fund-raise of up to Rs […]

Last Updated: February 27, 2024, 16:02 IST The top court is hearing a plea of the Indian Medical Association (IMA) alleging a smear campaign by Ramdev against the vaccination drive and modern medicines. (Photo: PTI/File) A bench of justices Hima Kohli and A Amanullah issued a notice to Patanjali Ayurved and its managing director asking […]

Curated By: Saurabh Verma Last Updated: February 26, 2024, 21:16 IST Paytm founder Vijay Shekhar Sharma (File photo) The bank has reconstituted its Board of Directors with the appointment of Ex-Central Bank of India Chairman Srinivasan Sridhar, retired IAS officer Debendranath Sarangi, former Executive Director of Bank of Baroda Ashok Kumar Garg, and Retd. IAS […]

Last Updated: February 26, 2024, 15:59 IST BASIC Academy will offer a specialised 8-week programme for young graduates who want to start a career in the BFSI industry BASIC Academy will concentrate on training graduates with a particular emphasis on the Banking, Financial Services, and Insurance (BFSI) sector BASIC Academy, an initiative by fintech start-up […]

Bengaluru, often hailed as India’s Silicon Valley, has undergone a remarkable metamorphosis in its residential real estate sector over the past few decades. This transformation has been fueled by a multitude of factors, ranging from rapid urbanisation to the influx of IT professionals, coupled with improved infrastructure and favourable government policies. Housing sales in Bengaluru […]

Indeed’s Best Jobs in India for 2024 includes only five jobs in the technology sector, which is a significant decline from the previous year’s 15 tech jobs in the list. (Representative image) Mid-management roles across various sectors like finance, accounting, social media, supply chain, and customer care are currently in high demand. Indeed, the global […]

Last Updated: February 24, 2024, 14:57 IST Anant Ambani and Radhika Merchant. (File image) From March 1-3, the Ambani Home in Jamnagar will be decked up for celebrations that will include an experience of nature conservation done over the last few decades in the city and the animal rescue and rehabilitation work being carried out […]

Published By: Mohammad Haris Last Updated: February 24, 2024, 15:44 IST Go First filed for bankruptcy in May last year. SpiceJet’s managing director Ajay Singh and Busy Bee Airways have jointly submitted a bid of Rs 1,600 crore ($193.10 million) for Go First India’s Go First has received two financial bids as part of its […]

Published By: Mohammad Haris Last Updated: February 23, 2024, 21:48 IST More than 60 per cent of shareholders of edutech Byju’s on Friday voted for removal of founder CEO Byju Raveendran and his family over alleged mismanagement and failures at the company. Prosus, one of the six investors in Byju’s who had called the extraordinary […]

An Extraordinary General Meeting (EGM) of Byju’s shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged “mismanagement and failures”. Raveendran and his family stayed away from the EGM, calling it “procedurally invalid.” Ahead of the EGM, a group of […]

RBI Governor Shaktikanta Das. (File Photo) At this juncture, monetary policy must remain vigilant and “not assume that our job on the inflation front is over”, says RBI Governor Shaktikanta Das, as per the minutes of the RBI MPC’s February meeting The Reserve Bank of India’s (RBI) job to bring down inflation is not over, […]

Banks and financial institutions have a responsibility to implement security measures to safeguard their customers’ interests. (Representative image) ATM Safety Tips: To ensure safety during ATM transactions, check top essential safety tips Unauthorised transactions or theft during ATM transactions can lead to significant financial loss for individuals. This loss can impact their financial stability and […]

In the rapidly evolving landscape of financial services, digital inclusion has emerged as a crucial driver of economic growth and social development. While urban centres in India have experienced significant strides in digitalisation, tier-3 and 4 cities present a unique challenge due to limited access to traditional banking infrastructure. Non-banking lenders or non-banking financial companies […]

Exicom Tele-Systems IPO: The initial public offering of EV chargers maker Exicom Tele-Systems Ltd is going to be launched on February 27. The Rs 400-crore IPO will remain open till February 29 and the bidding for anchor investors will be opened for a day on February 26. The maiden public issue comprises a fresh issue […]

Last Updated: February 20, 2024, 19:06 IST Zee Entertainment clarifies ‘not involved in any negotiations’ with Sony to revive merger deal The media firm’s scrip rose over 10% intraday on Tuesday Zee Entertainment Enterprises Ltd on Tuesday clarified that the talk of renewed talks with Sony to revive the scrapped merger deal is incorrect, and […]

Last Updated: February 20, 2024, 14:26 IST Ramkrishna Forgings bags $220 million order from North American customer Ramkrishna Forgings says it is poised to further expand its offering in key markets and contribute significantly to the automotive industry Shares of Ramakrishna Forgings gained 5 per cent intraday on February 20 after the company secured a […]

Curated By: Business Desk Last Updated: February 19, 2024, 18:18 IST Titagarh Rail Systems stocks have gained over 359 per cent in the last one year. In a strategic move last month, Titagarh Rail Systems partnered with Delhi’s Amber Group to venture into the railway component and sub-system business. Titagarh Rail Systems closed more […]

Last Updated: February 19, 2024, 14:51 IST The arrest of ICICI Bank’s former Managing Director and Chief Executive Officer (CEO) Chanda Kochhar and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in a loan fraud case was ”without application of mind and due regard to the law”, amounting to an ”abuse of […]

Any legal guardian or parent of a girl child can open a Sukanya Samriddhi Account on behalf of their girl child. (Representative image) Know the features of Sukanya Samriddhi Yojana and how you can invest in it Sukanya Samriddhi Yojana: Tax planning is a key activity salaried persons do to save money. There are various […]

India’s seven major cities witnessed an 8 per cent annual jump in the completion of housing units last year at 4.35 lakh units as cash flows of developers improved on better sales, according to a report by real estate consultant Anarock. A total of 4,35,045 units were completed during last year, as against 4.02 lakh […]

Consistency is key to building wealth through SIPs. Not having your SIP can result in various effects on your investment portfolio, both in the short term and over time. The Systematic Investment Plan (SIP) stands as a favoured approach within mutual funds, where investors consistently allocate a predetermined sum at set intervals, whether monthly, quarterly, […]

Curated By: Business Desk Last Updated: February 17, 2024, 14:39 IST Anupam Mittal has a Rs 185 crore net worth. Anupam Mittal founded Shaadi.com and has conducted lakhs of marriages till now. Anupam Mittal needs no introduction. He is the founder of Shaadi.com and a well-known investor on Shark Tank India. As the CEO […]

Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. RBI has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. Crypto currencies cannot be referred to as “currencies” as they have no underlying value, […]

Indian Highways Management Company Ltd (IHMCL), toll collecting arm of state-owned NHAI, has advised highway users to buy FASTags from 32 authorised banks sans Paytm Payments Bank for hassle-free travel. On January 31, the Reserve Bank of India directed Paytm Payments Bank (PPBL) to stop accepting deposits or top-ups in any customer accounts, wallets, FASTTags […]

Last Updated: February 15, 2024, 21:34 IST Isha Ambani wins Lokmat’s Indian Businesswoman Award 2024. (Image: News18 Lokmat) Isha, the daughter of Reliance Industries Limited (RIL) Chairman and Managing Director Mukesh Ambani, is credited for driving the expansion of Reliance Retail into new categories, geographies and formats Isha Ambani, Director of Reliance Retail Ventures Ltd, […]

Published By: Mohammad Haris Last Updated: February 15, 2024, 14:12 IST OYO sports hospitality business. OYO’s sports hospitality business aims to meet the unique needs of large sports events with a focus on providing end-to-end solutions, including providing accommodation to athletes and sports officials participating in various sports events Hospitality and travel-tech firm OYO on […]

Finance Minister Nirmala Sitharaman (File image: PTI) FM Sitharaman to review the state of the economy amid global challenges at a meeting of the Financial Stability and Development Council on February 21. Finance Minister Nirmala Sitharaman is scheduled to review the state of the economy amid global challenges at a meeting of the Financial Stability […]

Paytm shares continued to bleed, trading 9 per cent further down early on February 14, and slipping below Rs 350 mark, as crisis looked far from over for parent One97 Communications. In the last 10 trading days since the RBI ban was announced, the stock has lost about 55% of its value or Rs 26,000 […]

In a notable development for financial preparedness, a recent report revealed that three-quarters of urban Indians have embraced life insurance products, showcasing significant progress in urban India’s financial landscape. Max Life Insurance released India Protection Quotient (IPQ) 6.0 on Tuesday, tapping 4,700 respondents across 25 Indian cities, which also pointed out that life insurance sales […]

Investing in tax-saving FDs can help you to reduce your income tax liability. The existing customers of HDFC Bank can open a Fixed Deposit account by visiting the nearest branch or by using the net banking service. One of the most popular options for investors looking to avail the benefits under Section 80C of the […]

Official data shows that the ministry of road transport and highways is ahead with about 84 percent of the capex used. (Image: CNBCTV18.com) Collectively, the two big infrastructure ministries were allocated Rs 5.2 lakh crore and have spent Rs 4.1 lakh crore, which is around 80% till the end of December Two of the biggest […]

Always verify the authenticity of a GST notice before responding. Scammers sometimes use fake summons to defraud taxpayers. (Representative image) CBIC has urged taxpayers to verify the authenticity of GST notices. Last week, the Central Board of Indirect Taxes and Customs issued a warning regarding the issuance of fake GST summons by fraudsters. Taxpayers have […]

The Chinese company assembles smartphones in India with mostly local components and the rest imported from China and elsewhere. (Representative Image) The letter is Xiaomi’s response to a query from India’s information technology ministry asking how New Delhi can further develop the country’s component manufacturing sector China’s Xiaomi has told New Delhi that smartphone component […]

Published By: Mohammad Haris Last Updated: February 11, 2024, 13:16 IST Investors flocked to large-cap oriented mutual funds with influx of Rs 1,287 crore in January, making it the highest fund infusion in 19 months, as a significant run-up in small and mid caps prompted them to book profit. This is a huge turnaround following […]

In 2021, RBI cautioned the public as it was receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of KYC updation. (Representative Photo: News18 File) The modus operandi for such frauds usually involves customers receiving unsolicited communications, including phone calls/SMS/emails, The Reserve Bank of India has once again urged people to […]

In tandem with India’s burgeoning investment landscape, there has been a steady rise in NRI investments. While India’s investment ecosystem is certainly a lucrative market for NRIs, many fail to consider the time horizon of the investment as a pivotal element in formulating their financial strategies. Against this backdrop, SBNRI, the NRI-centric investment platform, has […]

Published By: Mohammad Haris Last Updated: February 09, 2024, 16:32 IST Private sector Bandhan Bank on Friday reported over two-fold increase in net profit at Rs 733 crore for the third quarter ended December 2023 on account of improvement in core income. The Kolkata-based new generation bank had posted a net profit of Rs 291 […]

Published By: Mohammad Haris Last Updated: February 09, 2024, 13:19 IST ONDC. (Representative image) Paytm had applied for a name change around three months ago and got the approval from the Registrar of Companies on February 8 Paytm E-commerce has changed its name to Pai Platforms and has acquired Bitsila, a seller platform on ONDC, […]

Finance Minister Nirmala Sitharaman presents the White Paper on the Indian Economy in the Lok Sabha on Thursday. (Representative image) UPA govt demonstrated that it is easier to hurt the economy than it is to help it, they inherited a healthy economy and bequeathed an enfeebled one to us, says White Paper on the Indian […]

Published By: Mohammad Haris Last Updated: February 08, 2024, 13:39 IST Ethanol-blended petrol. (Representative image) At present, the blending of ethanol stands at 12 per cent and the government plans to take it to 20 per cent as desired by Prime Minister Narendra Modi The government has saved Rs 24,000 crore due to blending of […]

Last Updated: February 07, 2024, 23:10 IST The lower house also approved the Rs 1.8 lakh crore budget of the Union Territory of Jammu and Kashmir.(Image: PTI/File) The Finance Bill, 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office […]

Veg Thali Cost Increases in January 2024; Non-Veg Thali Rates Fall. (Representative image) The rise in prices of ingredients like pulses, rice, onion and tomato made home-cooked veg thali costlier in January, while decline in poultry rates helped in the fall in non-veg thali rates The cost of a representative home-cooked vegetarian thali has witnessed […]

Last Updated: February 06, 2024, 21:29 IST Pyatt said there is a shared interest to figure out how the two countries can move forward on the large traditional reactors, which were foreseen as part of the US-India nuclear deal. India and the US in 2008 signed the nuclear deal which provides for the transfer of […]

Sovereign Gold Bonds 2023-24 Series IV: The Sovereign Gold Bonds 2023-24 Series IV is going to be opened for public subscription for five days between February 12 and February 16, 2024. The issuance will take place on February 21, 2024. The SGB 2023-24 Series III was opened for subscription in December 2023. “The SGBs will […]

One97 Communications Limited, also known as Paytm, on Monday denied reports of Investigation or violation of Foreign Exchange rules by the Company or its associate Paytm Payments Bank Limited. Paytm’s clarification came after news agency Reuters, citing two senior government sources, reported that India’s financial crime-fighting agency is investigating if platforms run by One 97 Communications. […]

UP Assembly Budget Session 2024: Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday presented the budget for the financial year 2024-25 in the state assembly with an outlay of Rs 7.36 lakh crore, higher than the current fiscal’s budget of Rs 6.90 lakh crore. UP Budget 2024- 25 Updates: The total outlay of Rs […]

Last Updated: February 04, 2024, 23:55 IST The ED had visited premises of the company and some other fintech firms like Razorpay in September 2022 (File Image) The company said it has cooperated with the agencies during any investigations by the authorities on any set of merchants or users in the past The Enforcement Directorate […]

Last week, the BSE benchmark jumped 1,384.96 points or 1.95 per cent, and the Nifty climbed 501.2 points or 2.34 per cent. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. Stock markets will be driven by quarterly earnings by index majors, global […]

Last Updated: February 03, 2024, 19:20 IST Earlier, the last date for updating FASTag KYC was January 31. (Representative image) FASTag is an electronic system for collecting tolls on highways which eases the tax payments at toll plazas while also keeping an eye on moving vehicles The National Highway Authority of India (NHAI) extended the […]

Published By: Mohammad Haris Last Updated: February 03, 2024, 11:45 IST Financial services major Morgan Stanley on Friday bought shares of Paytm’s parent company One97 Communications for Rs 244 crore through an open market transaction. Morgan Stanley through its affiliate Morgan Stanley Asia (Singapore) Pte – ODI picked up shares of Noida-based Paytm’s parent firm […]

Last Updated: February 03, 2024, 00:11 IST Union finance minister Nirmala Sitharaman. (Image: News18) Asked why the government has seemingly underperformed in the disinvestment of public sector undertakings (PSUs), the finance minister said that issue needs to be put into the frame laid by her in the matter of public sector enterprise policy One of […]

US-India Strategic Partnership Forum. USISPF President and CEO Mukesh Aghi says the additions of Joe, Alex, Prashant, and Raj accentuate the growing synergy in US-India ties across fields of critical and emerging technology Deloitte Global CEO Joe Ucuzoglu, MSI Surfaces co-CEO, Raj Shah, Qualcomm President (Global Affairs and Qualcomm Technology Licensing) Alex Rogers, and Essar […]

Last Updated: February 01, 2024, 23:40 IST Delhi Congress chief Arvinder Singh Lovely termed the interim budget disappointing, saying it has ignored issues, such as inflation and unemployment. (Photo: Shutterstock) The transfer to Delhi from the Union home ministry included Rs 1,168 crore under the revenue head and Rs 0.01 crore under the capital head […]

Finance Minister Nirmala Sitharaman presenting the Interim Budget in the Parliament. (Image: X/@ANI) Interim Budget 2024: FM Sitharaman said there are no changes in tax rates for direct and indirect taxes, including import duties. Budget 2024: Finance Minister Nirmala Sitharaman on Thursday announced that the government has decided not to seek repayment of previous and […]

Finance minister Nirmala Sitharaman is set to present the interim budget on Thursday, February 1, ahead of the highly anticipated Lok Sabha polls. The comprehensive budget for the fiscal year, which runs from April 1, 2024, to March 31, 2025, will be presented after the new government is elected. The government has received a tax […]

Investors can subscribe to the IPO in lots of 96 equity shares and multiples thereof. The floor price of Rs 147 reflects 53.45 times the price-to-earnings ratio based on diluted EPS (earnings per share) for the fiscal year 2023. Apeejay Surrendra Park Hotels on Wednesday said it has set a price band between Rs 147 […]

Last Updated: January 30, 2024, 23:12 IST Washington D.C., United States of America (USA) The global forecast is unrevised for 2024 compared to October 2023 projections and revised down by 0.2 percentage points for 2025. (AP File Photo) Growth in China is projected at 4.6 per cent in 2024 and 4.1 per cent in 2025, […]