India’s GST collections top Rs 1.77 trillion in December, sustain 10-month streak
Jan 01, 2025, at 08:16 pm
New Delhi: India’s goods and services tax (GST) collections reached Rs 1.77 trillion in December, marking the tenth consecutive month of collections surpassing Rs 1.7 trillion, according to government data released on Wednesday.
Mahindra Auto sells 41424 SUVs in December
Jan 01, 2025, at 03:44 pm
Automaker Mahindra & Mahindra Ltd. (M&M Ltd.) on Wednesday announced that its overall auto sales for the month of December 2024 stood at 69768 vehicles, a growth of 16%, including exports.
NPCI lifts user cap for WhatsApp Pay, enabling access to all users
Jan 01, 2025, at 12:03 am
New Delhi: The National Payments Corporation of India (NPCI) has lifted the user onboarding limit for WhatsApp Pay (Third Party App Provider) with immediate effect, allowing the platform to provide UPI services to its entire user base in India.
Core sector growth rebounds to 4.3% in November, driven by cement and electricity
Dec 31, 2024, at 11:49 pm
New Delhi: Growth in the output of eight key infrastructure industries, known as the core sector, rebounded to a four-month high of 4.3% year-on-year (Y-o-Y) in November, up from a revised 3.7% in October, despite a high base effect.
China's central bank holds a Rs 40,000 crore portfolio in India despite strained relations: Report
Dec 31, 2024, at 09:16 pm
Mumbai: The People’s Bank of China (PBOC), the central bank of the world’s second-largest economy, has been steadily building its portfolio in Indian companies despite strained geopolitical ties between India and China, media reports said.
MeitY plans to double subsidy for startups under revamped semiconductor incentive scheme
Dec 31, 2024, at 09:05 pm
New Delhi: The Ministry of Electronics and IT (Meity) is working on a proposal to double the subsidy under the design-linked incentive (DLI) scheme, a key component of India’s Rs 76,000-crore semiconductor incentive programme, media reports said.
EaseMyTrip Co-founder Nishant Pitti to exit with Rs 780 crore stake sale via block deal
Dec 31, 2024, at 06:05 pm
EaseMyTrip co-founder Nishant Pitti is poised to divest his remaining 14% stake in the company, valued at Rs 780 crore, through a block deal slated for December 31, according to media reports.
Elon Musk changes X profile name to 'Kekius Maximus' with 'Pepe the Frog' display picture
Dec 31, 2024, at 05:59 pm
California/IBNS: Tech billionaire Elon Musk has once again captured attention on social media with a cryptic update to his X profile.
Dec 31, 2024, at 05:52 pm
Mhow (M.P.): Defence Minister Rajnath Singh on Monday said that India's defence exports have crossed a record Rs 21,000 crore from Rs 2,000 crore a decade ago, media reports said.
Adani Wilmar share slips 7.5% after Adani announces exit from joint venture
Dec 31, 2024, at 03:06 pm
Mumbai/IBNS: Adani Wilmar Ltd’s shares dropped over 7 percent on Tuesday (Dec. 31) after Adani Enterprises revealed its decision to depart the joint venture with Wilmar.
How to Qualify for the PIONEER LEGACY Credit Card
Dec 31, 2024, at 01:55 pm
In the midst of a cashless economy revolution, credit cards have become indispensable. This is particularly true for middle-class consumers seeking convenience and financial flexibility. The utility of credit cards extends far beyond everyday transactions. For discerning customers, a credit card is more than just a tool for payments. It is a gateway to exclusive privileges that are compatible with their lifestyles.
Commuting Smarter: The Role of Renewing Bike Insurance in Long-Term Savings
Dec 30, 2024, at 04:17 pm
Indian roads are mostly dominated by two-wheelers in the recent period. And having a reliable bike insurance policy for that has not only become a legal obligation but also a way to safeguard your finances. Renewing your bike insurance policy on time might seem like just another task in your to-do list but it plays a vital role when it comes to long-term savings.
DoT waives Vodafone Idea's bank guarantee for spectrum auctions from 2012 to 2021
Dec 29, 2024, at 09:34 pm
Mumbai: Chash-strapped telecom company Vodafone Idea has received a waiver of bank guarantee requirements for spectrum auctions conducted in 2012, 2014, 2016, and 2021 from Department of Telecommunication (DoT), the company informed stock exchanges on Saturday.
Vodafone Group offloads entire stake in VIL to clear debt of Rs 11,650 cr
Dec 28, 2024, at 09:05 pm
Mumbai: The UK-based Vodafone Group has paid off dues amounting to Rs 11,650 crore (approximately £109 million), which were tied to Vodafone Idea Ltd (VIL) shares, The Economic Times reported.
Osamu Suzuki, who revolutionised India's automobile market, dies at 94 of lymphoma
Dec 28, 2024, at 10:57 am
Suzuki Motor Corporation's former chairman Osamu Suzuki, who had played a significant role in turning India into a major automobile market with the launch of iconic Maruti 800 in 1983 winter, died of lymphoma on December 25, the company announced.
RBI enables UPI transactions for full-KYC PPI users via third-party apps
Dec 27, 2024, at 11:23 pm
New Delhi: The Reserve Bank of India (RBI) announced on Friday that users of prepaid payment instruments (PPIs) can now conduct Unified Payments Interface (UPI) transactions through third-party mobile applications, provided their PPIs are full-KYC-compliant.
DPIIT inks MoU with Indian audio and wearables company boAt to mentor startups
Dec 27, 2024, at 11:17 pm
New Delhi: Department for Promotion of Industry and Internal Trade (DPIIT) has entered into a strategic alliance with audio and wearables manufacturer boAt.
How Income Tax Slabs Influence Your Retirement Savings Plan
Dec 27, 2024, at 11:14 pm
One of the most important aspects of personal finance planning is retirement planning. In India, the situation is similar because people largely count on the state and their work benefits schemes. Therefore it is not usually a priority and is delayed due to other financial commitments. The proper tax brackets coupled with the retirement savings plan will produce a safe and secure future.
IndusInd Bank to auction Rs 1,573 cr microfinance NPAs amid sector stress
Dec 27, 2024, at 11:11 pm
Mumbai: Private lender IndusInd Bank Ltd's shares rose in early trade on December 27, following its decision to sell off a non-performing microfinance loan pool comprising 10.6 lakh retail loan accounts worth Rs 1,573 crore, Moneycontrol reported.
Jio launches Rs 601 plan for unlimited 5G data and gifting
Dec 27, 2024, at 11:05 pm
Mumbai: If you’re a Jio subscriber searching for an economical way to enjoy unlimited 5G data, the Rs 601 plan might be ideal for you.
Dec 27, 2024, at 09:44 pm
Mumbai: Global supply chains are shifting in India's favour, with resilience now prioritised over efficiency, according to Tata Sons chairman N Chandrasekaran.
Dec 27, 2024, at 08:21 pm
Air India is focusing on improving internal processes to boost efficiency and ensure long-term profitability, according to CEO Campbell Wilson.
Musk addresses claims of job loss, cites shortage of top engineering talent in tech
Dec 27, 2024, at 06:07 pm
Elon Musk has weighed in on the debate about whether foreign-born workers in the US are displacing qualified native-born Americans, pushing back against claims of job "theft" by foreign talent.
Dec 27, 2024, at 05:09 pm
New Delhi: India is evaluating a proposal to lower income taxes for individuals earning up to Rs 15 lakh annually in the February 2024 Budget, Reuters reported, citing sources.
Former Suzuki Motor Corporation chairman Osamu Suzuki dies at 94
Dec 27, 2024, at 03:01 pm
Tokyo/IBNS: Osamu Suzuki, the former chairman of Suzuki Motor Corporation and a key architect of its global expansion, passed away at the age of 94 on December 25 after a battle with lymphoma, according to a statement from the Japanese automaker.
Rupee slips to 85.80 against US Dollar, poised for worst monthly decline in two years
Dec 27, 2024, at 02:27 pm
New Delhi/IBNS: The Indian Rupee on Friday (December 27) hit a new low of 85.80 against the US dollar, driven by a strong demand for dollars in the non-deliverable forwards (NDF) market as the month-end approaches.
It is necessary for economic development: Zoho CEO reignites 70-hour work week debate
Dec 27, 2024, at 02:05 pm
Chennai/IBNS: Zoho Corporation CEO Sridhar Vembu has reignited the debate over the 70-hour work week, initially raised by Infosys co-founder Narayana Murthy.
RBI flags concerns over rising delinquency in unsecured lending, calls for stricter vigilance
Dec 27, 2024, at 01:42 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) has raised concerns about increasing delinquency and leverage in unsecured loans, urging heightened vigilance despite a slowdown in credit growth.
UltraTech Cement acquires 8.7% stake in Star Cement for Rs 851 crore
Dec 27, 2024, at 12:58 pm
Mumbai/IBNS: UltraTech Cement Ltd has announced the acquisition of an 8.69 percent stake in Star Cement Ltd for Rs 851 crore.
Dec 27, 2024, at 12:22 am
New Delhi/IBNS: Adani Group Chairman Gautam Adani Thursday condoled the death of former Indian Prime Minister Manmohan Singh, and described him as "a rare leader who spoke softly but achieved monumental strides through his actions."