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-
Exports grow 16% in first week of January
Rising 6% in September, the first expansion since February, outbound shipments faltered by 5.1% in October and 8.7% in November before the contraction narrowed again, to 0.8%, in December. -
UK court denies release of funds for Mallya's legal fees
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI). -
UK court denies release of substantial funds for Vijay Mallya's legal fees
A UK court hearing an urgent application on Monday refused to sanction the release of substantial sums held with the Court Funds Office (CFO) as part of bankruptcy proceedings being pursued against liquor tycoon Vijay Mallya by a consortium of Indian banks, led by the State Bank of India (SBI). -
RBI Guv warns stretched valuations pose financial risk
There is a disconnect between booming markets and economic activity, Reserve Bank governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability. -
RBI releases 22nd issue of Financial Stability Report; here are the key highlights
Performance parameters of banks have improved significantly, aided by regulatory dispensations extended in response to the COVID-19 pandemic, said the RBI in the 22nd issue of the Financial Stability Report (FSR) on January 11. Here are the highlights -
Coal sector to play vital role in achieving target of USD 5 trillion economy, says Home Minister Amit Shah
Launching a single window clearance system for the coal sector, Amit Shah said commercial coal mining auctions will now facilitate small and medium industries to receive coal supplies easily. -
Future-RIL deal: Amazon urges Sebi to suspend review
E-commerce major Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. -
Booming markets: RBI governor warns stretched valuations pose financial stability risk
There is a disconnect between booming markets and economic activity, Reserve Bank governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability. -
Task ahead is to restore eco growth: RBI governor
RBI governor Shaktikanta Das on Monday said that the economic prospects have been scarred by the Covid-19 pandemic and the task ahead is to restore growth and livelihood. "Financial stability is a precondition for supporting this (growth) mission," he added. -
Sensex settles above 49,000-mark for first time
Equity indices continued to march higher on Monday tracking gains in IT stocks and massive foreign fund inflow. The benchmark BSE sensex jumped 487 points or 1 per cent to hit fresh record closing of 49,269; while the broader NSE Nifty moved 138 points or 0.96 per cent higher to settle at 14,485. Top gainers included HCL Tech, Infosys, HDFC, Bajaj Auto, Maruti and Tech Mahindra. -
Mudra loan: Have any grievances? Know where and how to register your complaints
Under Mudra loan, banks and Micro Finance Institutions extend loans in three categories.
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ITR filing FY 2019-20: Any issues over filing your return? Fill this form, I-T department will help you
This year, taxpayers are required to submit the returns for the FY 2019-20 financial year and the assessment year would be AY 2020-21. -
Sensex closes above 49,000-mark for first time; IT stocks lead rally
The BSE Sensex ended 486.81 points or 1 percent higher at 49,269.32. -
Sensex zooms 487 points to hit fresh record closing; Nifty eyes 14,500
Equity indices continued to march higher tracking gains in IT stocks and massive foreign fund inflow. The benchmark BSE sensex jumped 487 points or 1 per cent to hit fresh record closing of 49,269; while the broader NSE Nifty moved 138 points or 0.96 per cent higher to settle at 14,485. -
Covid disturbs traditions: In a first, Budget to go paperless
The upcoming budget scheduled for February 1 will go paperless as the finance ministry has decided not to print the Budget documents amid the pandemic -
Sukanya Samriddhi Account: Here#39;s how to deposit money online via India Post Payments Bank app
Every quarter, small savings schemes#39; interest rates are revised by the government. With the help of India Post Payments Bank app, you can manage everything online after opening an SSA. -
Saudi plans car-free city for future beyond oil
Crown Prince Mohammed bin Salman unveiled his latest vision for Saudi Arabia’s future beyond oil: A city with no cars, roads or carbon emissions. The 170 kilometer-long (106 mile-long) development called “The Line” will be part of the $500 billion project called “Neom,” the crown prince said in a televised speech on Sunday. -
Passenger vehicle retail sales increase 24% in Dec
Automobile dealers' body FADA on Monday said passenger vehicle (PV) retail sales in December witnessed a year-on-year increase of 23.99 per cent to 2,71,249 units. According to the Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,270 out of the 1,477 regional transport offices (RTOs), PV sales stood at 2,18,775 units in December 2019. -
Lending apps thrive on Google Play despite violations
At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users. -
To keep prices in check, govt may procure 50% more onions in FY22: Report
The government wants to create a buffer stock of 150,000 tonnes of the kitchen staple. -
FDI in 2021 may be more than 2020, these 4 sectors are likely to attract most of it
The services sector was the key beneficiary of the FDI in 2020, followed by computer software and hardware, telecommunications, trading, construction development, automobile, chemicals, and pharmaceuticals. -
Saudi Crown Prince plans car-free city for future beyond oil
Crown Prince Mohammed bin Salman unveiled his latest vision for Saudi Arabia’s future beyond oil: A city with no cars, roads or carbon emissions. The 170 kilometer-long (106 mile-long) development called “The Line” will be part of the $500 billion project called “Neom,” the crown prince said in a televised speech on Sunday. -
Jet revival decision soon, NCLT hearing this month
A final decision on reviving Jet Airways could come this month. The National Company Law Tribunal (NCLT) has directed representatives of the aviation ministry and the Directorate General of Civil Aviation (DGCA) to be present for a hearing on the matter on Tuesday so that “no future uncertainty would remain in case the (revival) plan is approved.” -
Sensex crosses 49,000 mark for first time; Nifty tops 14,450
After touching a record intra-day high of 49,260.21, the 30-share BSE index was trading 405.45 points or 0.83 percent higher at 49,187.96. -
EPF Account: How to update bank account details
There have been cases where people close their bank accounts but forget to change or update the new bank account in their EPF Account. Wrongbank account information can lead to unsuccessful credit transactions. -
Musk debates how to give away world’s biggest fortune
Elon Musk is not only the world’s richest person, he lays claim to the biggest net worth ever recorded: $209.3 billion as of Friday. What he does with it will be closely watched. -
Union Budget 2021: Budget to go paperless, first time in history of independent India
Touted to be a historic move, it will be for the first time in the history of independent India that the budget papers will not be printed. -
Some lending apps thrive on Google Play despite policy violations
At least 10 Indian lending apps on Google’s Play Store, which have been downloaded millions of times, breached Google rules on loan repayment lengths aimed at protecting vulnerable borrowers, according to a Reuters review of such services and more than a dozen users. -
Elon Musk has citizenship of 3 countries: Here are 10 interesting things about planet's richest man
Born in 1971, Pretoria, South Africa, Elon Musk moved to Canada at the age of 17. -
Kishore Biyani sees quick OK for Future-RIL deal
Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. Future and Amazon are at loggerheads over the group’s August deal with Reliance Industries Ltd. The US giant alleges the deal breached some of its pre-existing contracts with Future. -
Exports show signs of revival, up 16.22%: Official
The country's exports grew 16.22 per cent year-on-year to $6.21 billion in the first week of January, mainly driven by healthy growth in pharmaceuticals, and engineering sectors, reflecting signs of revival, an official said on Sunday. -
Good news for small 5 kg LPG cylinder users! No address proof for Indian Oil’s Chhotu 5 kg FTL cylinders: Know all about it
Changed city recently or planning to move? This news will cheer up small LPG cylinder users -
No probe against us, vendors under lens: Swiggy
Swiggy and Instakart have said that tax authorities are probing their vendors for alleged GST default and that they are not under the scanner. -
Sensex crosses 49,000-mark for first time ever
Equity indices opened higher on Monday with the benchmark BSE sensex breaching the 49,000-mark for first time ever. The 30-share BSE index scaled an intra-day high of 49,252 in early trade; while the broader NSE Nifty was trading above 14,400. -
Pandemic has put us on new tech upcycle: TCS CEO
IT major TCS’s third quarter results announced on Friday indicated a sharp recovery from the lows in the early months of the pandemic. In an exclusive interaction with TOI after the results, TCS CEO Rajesh Gopinathan talked about the surge in demand for cloud. He said cloud will enable a whole new set of transformation opportunities for enterprises. -
Sovereign Gold Bond Scheme 2020-21 series X: Here's your chance to buy gold at great prices today
The Sovereign Gold Bond Scheme 2020-21 series X opened for subscription on Monday (January 11, 2020), and closes on Friday (January 15, 2021). -
Sensex, Nifty edge higher as TCS earnings boosts IT stocks
The blue-chip NSE Nifty 50 index rose 0.6% to 14,436 and the benchmark S&P BSE Sensex climbed 0.57% to 49,062.03 by 0346 GMT. -
Petrol prices remain unchanged after hitting all-time high: Check fuel prices in metro cities on January 11, 2021
Here is looking at the price difference of diesel and petrol in four metro cities on January 11, 2021. -
Covid survivors may not get life cover if unfit
Covid survivors may face rejection or hurdles for their life insurance proposals if proved unfit after an insurer-imposed, three-month post-infection waiting period. These restrictions are stringent for Covid survivors above the age of 60. -
Bank hard-sell & cheaper loans drive auto financing
Cheaper loans, aggressive options from public sector banks and a general reluctance to use cash for cars has led to an increase in auto financing penetration in passenger vehicles from 75% at the beginning of 2020 to around 80% now. -
COVID-19 impact | Budget documents will not be printed first time since 1947: Report
Finance ministers usually carry the documents to the Budget presentation in a leather briefcase. In 2019 and 2020, Finance Minister Nirmala Sitharaman carried the documents in a traditional bahi khata. -
COVID-19 impact | Budget documents will not be printed first time since 1947
Finance ministers usually carry the documents to the Budget presentation in a leather briefcase. In 2019 and 2020, Finance Minister Nirmala Sitharaman carried the documents in a traditional bahi khata. -
Job demand under MGNREGS on upswing again
MGNREGS in December generated three crore more persondays than in November 2020, putting the job scheme back on an upward graph after few months of relatively stable numbers and suggesting that it may once again test the government with the demand. -
GST sleuths arrest 215 for fraud, recover over Rs 700cr
The government crackdown on those involved in GST frauds has resulted in 215 arrests so far, which includes professionals such as chartered accountants (CAs) and a company secretary. -
Covid survivors, if unfit after 3 months, may not get life cover
Covid survivors may face rejection or hurdles for their life insurance proposals if proved unfit after an insurer-imposed, three-month post-infection waiting period. These restrictions are stringent for Covid survivors above the age of 60. -
After months, job demand under MGNREGS on the upswing again
MGNREGS in December generated three crore more persondays than in November 2020, putting the job scheme back on an upward graph after few months of relatively stable numbers and suggesting that it may once again test the government with the demand. -
Sharp Drop: States’ capex seen down a quarter
To be sure, many states have in recent months seen a rise in own tax revenues (OTR) from the lows witnessed in the lock-down period.
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