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.
CCI approves UltraTech Cement’s acquisition of India Cements
Dec 20, 2024, at 09:09 pm
New Delhi: The Competition Commission of India (CCI) on Friday approved UltraTech Cement’s proposal to acquire a majority stake in India Cements, promoted by billionaire Kumar Mangalam Birla.
Rupee hits record low before recovering; RBI intervention limits volatility amid challenges
Dec 20, 2024, at 08:23 pm
Mumbai: The Indian rupee fell to a record low on Friday before reversing its losses to close slightly higher, buoyed by probable dollar inflows, Reuters reported.
Tata Power Renewable Energy Limited partners with Canara Bank to promote PM Surya Ghar Scheme
Dec 20, 2024, at 05:47 pm
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has joined hands with state-run Canara Bank to promote the adoption of rooftop solar systems under the PM Surya Ghar Scheme.
India flags EU trade barriers, urges resolution amid FTA negotiation progress
Dec 20, 2024, at 05:24 pm
New Delhi: India has raised concerns about the challenges faced by its domestic industries in accessing European Union (EU) markets, urging swift resolution of these issues, according to an official statement on Friday.
India’s EV market to hit Rs 20 trillion by 2030, 50 million jobs projected, says Nitin Gadkari
Dec 20, 2024, at 05:20 pm
New Delhi: India’s electric vehicle (EV) market is projected to grow to Rs 20 trillion by 2030, potentially generating around 50 million jobs within the EV ecosystem, according to Road Transport and Highways Minister Nitin Gadkari.
Nirmala Sitharaman to hold pre-Budget consultations with finance ministers of states
Dec 20, 2024, at 12:28 am
Jaisalmer (Rajasthan): Finance Minister Nirmala Sitharaman is scheduled to hold pre-Budget consultations with state finance ministers on Friday in Jaisalmer, ahead of the Union Budget 2025-26 presentation, media reports said.
CEAT expands retail footprint in Kolkata to meet demand for premium tyres
Dec 19, 2024, at 11:49 pm
Kolkata: Tyre manufacturer CEAT Thursday announced the opening of three new CEAT Shoppe outlets in Kolkata as part of its strategic expansion into premium retail spaces.
NTPC to set up nuclear power project in Bihar
Dec 19, 2024, at 10:08 pm
Patna: Power giant NTPC is planning to establish a nuclear power project in Bihar, marking a significant step in expanding its non-fossil energy portfolio, Chairman and Managing Director Gurdeep Singh said on Thursday.
Dec 19, 2024, at 07:05 pm
New Delhi: Fugitive businessman Vijay Mallya on Wednesday said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6203 crore," yet he remains "an economic offender."
EPFO extends deadline to January 31, 2025, for pending higher pension applications
Dec 19, 2024, at 12:11 am
New Delhi: The Employees' Provident Fund Organisation (EPFO) has extended the deadline to January 31, 2025, for employers to upload wage details related to 3.1 lakh pending applications for higher pension benefits.
Govt appoints Rama Mohan Rao Amara as new MD of SBI
Dec 18, 2024, at 11:19 pm
Mumbai: Rama Mohan Rao Amara has been appointed as the new Managing Director (MD) of the State Bank of India (SBI) for a tenure of three years, according to a Reuters report, the state-owned lender informed the exchanges.
India’s net direct tax collection grows 16.45%, advance tax rises 21% this fiscal
Dec 18, 2024, at 10:53 pm
New Delhi: India’s net direct tax collection rose by 16.45% year-on-year to over Rs 15.82 lakh crore as of December 17 this fiscal, driven by higher advance tax payments, according to government data.
Indians lean towards lightweight, lower carat wedding jewellery amid soaring gold prices: Report
Dec 18, 2024, at 10:10 pm
Mumbai: Many Indian families are forced to buy lightweight and lower-carat jewellery due to skyrocketing gold prices to keep within their budgets, according to a Reuters report.
Govt to meet quick commerce players to review their ops amid rising consumer complaints
Dec 18, 2024, at 07:15 pm
New Delhi: The Commerce Ministry is expected to hold a meeting with quick commerce companies like Zepto and Blinkit later this week, ET Now reported citing sources.