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."
How to Choose the Best Marriage Loan for Your Wedding Budget
Dec 24, 2024, at 05:21 pm
Planning a wedding is an exciting yet challenging task. From venue bookings to catering services, attire, decorations, and photography, expenses can quickly add up. In India, where weddings are celebrated with grandeur, managing a wedding budget can feel overwhelming. If you find yourself short of funds, a marriage loan can help make your dream wedding a reality without compromising on your plans.
Want to Retire Early? Use A Retirement Calculator to See How
Dec 24, 2024, at 02:00 pm
Many people dream of retiring early and enjoying a life free from daily work pressures. However, making that dream a reality requires careful planning. A valuable tool to guide you is a retirement calculator. This powerful tool can help you gauge the feasibility of early retirement and give you an idea of how much money you will need to save to potentially reach that goal.
Understanding the Various Types of Demat Accounts in India
Dec 24, 2024, at 01:53 pm
Investing in the stock market or any financial securities today requires one crucial thing—a Demat account. It’s the gateway to holding shares, bonds, and mutual funds in an electronic format. However, the term "Demat account" often raises questions for many, especially for first-time investors.
Invest in Sugar Stocks: Start Trading Today
Dec 24, 2024, at 01:29 pm
The sugar industry is one of the oldest and most vital sectors in the global economy, offering numerous opportunities for investors. Among the various sectors that promise stable returns, sugar stocks have stood out as an attractive option, especially for those looking to diversify their portfolios and tap into a growing market. If you're considering expanding your investment horizons, sugar stocks can be a great addition. This article explores the reasons why sugar stocks are worth investing in, key considerations to keep in mind, and answers to some frequently asked questions.
Senior Citizen Savings Scheme: Current Interest Rates and Key Features
Dec 24, 2024, at 01:20 pm
The Senior Citizen Savings Scheme (SCSS) is a popular government-backed savings instrument designed to provide senior citizens with a secure investment avenue and regular income. For those seeking a reliable investment option during their retirement years, SCSS combines safety, attractive interest rates, and tax benefits, making it an ideal choice for financial planning in the golden years. Let us delve into the current interest rates, key features, and why the SCSS is an excellent alternative to fixed deposits (FDs) for senior citizens.
Inflation for farm, rural workers dips in November; CPI indices rise slightly
Dec 23, 2024, at 11:59 pm
New Delhi: Retail inflation for agricultural and rural workers eased in November, with rates declining to 5.35% for agricultural labourers and 5.47% for rural labourers, compared to 5.96% and 6% in October, respectively.
BEL secures Rs 973 crore orders; FY25 order book reaches Rs 9,801 cr
Dec 23, 2024, at 11:54 pm
New Delhi: Navratna Defence Public Sector Undertaking Bharat Electronics Limited (BEL) announced on Monday that it has secured additional orders worth Rs 973 crore since its previous disclosure on December 9, 2024. With these new orders, BEL’s total order book for FY25 has reached Rs 9,801 crore, according to an exchange filing.
Reliance Jio loses subscribers in October, active user base grows stronger
Dec 23, 2024, at 11:07 pm
New Delhi: Reliance Jio, India’s largest telecom operator, lost 3.76 million wireless subscribers in October but enhanced its active mobile subscriber base by adding 3.847 million users, news agency PTI reported, citing monthly data released by telecom regulator TRAI on Monday.
Russian oil's share in India's crude oil imports drops to 3-qtr low; Middle Eastern oil soars
Dec 23, 2024, at 10:08 pm
New Delhi: India’s crude oil imports in November revealed a significant change, as Middle Eastern oil reached a nine-month high while Russia's share dropped to its lowest in three quarters, Reuters reported, citing ship tracking data from sources.
Sensex, Nifty rebound sharply after five-day slump, buoyed by value buying
Dec 23, 2024, at 09:31 pm
Mumbai: Equity benchmark indices Sensex and Nifty staged a strong recovery on Monday, December 23, 2024, rebounding sharply after five consecutive days of steep losses, media reports said.
Adani to acquire 85.8% stake in Air Works for Rs 400 crore
Dec 23, 2024, at 07:53 pm
New Delhi: The Adani Group announced on Monday its plan to acquire aviation maintenance, repair, and overhaul (MRO) firm Air Works for an enterprise value of Rs 400 crore, media reports said.
Banks seek RBI nod for new swap benchmark to replace MIBOR
Dec 23, 2024, at 07:43 pm
Mumbai: A group of Indian banks has approached the Reserve Bank of India (RBI) seeking approval for a new benchmark to be used in overnight indexed swaps, according to individuals familiar with the discussions, according to a Bloomberg report.
Honda, Nissan eye merger by 2026 amid tough market challenges
Dec 23, 2024, at 05:48 pm
Honda Motor Co. and Nissan Motor Co. are aiming to finalise a merger agreement by June, following negotiations set to begin later Monday, with the merger potentially taking place in 2026, according to Japanese media reports citing unnamed sources, Bloomberg reported.
Google lays off 10% managerial staff to enhance efficiency amid advancement in AI
Dec 20, 2024, at 11:25 pm
Mountain View (California): Google has laid off 10 percent of its managerial staff as part of an ongoing effort to enhance efficiency, aiming to double that number, media reports said.
India's foreign exchange falls to a six-month low of $652.87 billion
Dec 20, 2024, at 10:58 pm
New Delhi: India's foreign exchange reserves declined by nearly $2 billion, reaching a six-month low of $652.87 billion as of December 13, according to data released by the Reserve Bank of India (RBI) on Friday.