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7th Pay Commission: Medical reimbursement hiked by 5x for these govt employees, check if you're eligible
52 lakh central employees and 61 lakh pensioners are all set to start receiving increased dearness allowance from July 1, as part of the 7th pay commission. The employees are also expected to get their DA arrears. -
Billionaire quant investing pioneer and philanthropist James Simons dies at 86
The Simons Foundation announced on Friday the passing of billionaire investor James Simons at the age of 86. Simons, a mathematician and Cold War code-breaker, was the founder of Renaissance Technologies, one of the world's leading and most lucrative hedge funds. The foundation did not disclose the cause of his death. -
Elon Musk says Tesla will spend over $500 million on charging network, days after layoffs
Elon Musk, the CEO of Tesla, announced on Friday that the company intends to invest more than $500 million this year to install new superchargers. This announcement follows closely after reports emerged regarding layoffs. In a post on X, Musk wrote, "Just to reiterate: Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year." -
India's defence sector has opportunities for $138 billion over next 10 years
According to a report titled 'India Defence' by Nomura, India's defence sector presents a substantial ordering opportunity of USD 138 billion between FY24 and FY32. With the rising demand for defence equipment, technologies, and services, there are promising prospects for companies involved in defence production and technology development. The report highlights that India's defence capital expenditure is poised to surge to 37%. -
‘Steel frame introduced by Britishers has rusted’: Former RBI governor Subbarao's sharp remarks on IAS, civil services reforms
Former RBI Governor Duvvuri Subbarao has emphasized the need to reform and reinvent the civil services in India. He also highlights what he sees as a decline in the ethos of the IAS. -
Social Commerce Platform Meesho Raises $275 Million
In January this year, global investment firm Fidelity had marked down the value of its holding in social commerce platform Meesho, to $3.5 billion. -
Indian saffron rules: Kesar selling at Rs 4.95 lakh a kg in retail - the price of nearly 70 grams of gold!
Rising geopolitical tensions in West Asiahas led to a surge in Indian saffron prices. In retail, the price can reach as high as Rs 4.95 lakh per kg, which is equivalent to the cost of nearly 70 grams of gold based on Friday's rate of Rs 72,633 for 10 grams. -
RBI Appoints R Lakshmi Kanth Rao As New Executive Director
Rao had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow. -
Air India announces additional flights to Amsterdam, Copenhagen and Milan
Air India is expanding its European operations to meet continued demand by adding more flights to Amsterdam, Copenhagen, and Milan, airline officials have announced. Starting June 22, Air India will increase its frequency on key routes. Daily non-stop flights from Delhi to Amsterdam Schiphol and Delhi to Milan Malpensa will be introduced, up from the previous 4x weekly and 5x weekly schedules, respectively. -
Aadhar Housing Finance IPO subscribed 25.49 times on final day
On the closing day of the share-sale on Friday, the initial public offering (IPO) of Aadhar Housing Finance, supported by private equity giant Blackstone, garnered subscription of 25.49 times. The Rs 3,000 crore IPO witnessed bids for 1,78,65,45,247 shares against the 7,00,89,373 shares on offer, as per data from the NSE. -
Industrial output grows 5.8% in FY24, slows a tad in March
Numbers released by the National Statistical Office on Friday showed the index of industrial production (IIP) rose an annual 4.9% in March, slightly lower than the downwardly revised 5.6% in Feb but above the 1.9% posted in March last year. For the 2023-24 fiscal year, industrial output growth rose to 5.8% from 5.2% in the previous year. -
ICICI Bank's Cards And Payments Head Bijith Bhaskar Resigns
He has led various product teams and managed several business areas including retail liabilities, retail assets, and small and medium enterprises (SME), across different geographies. -
India’s Forex Reserves Surge By $3.7 Bn To Touch $641.6 Bn Mark
RBI Governor Shaktikanta Das on Friday referred to the record foreign exchange reserves as a reflection of the strength of the Indian economy. -
IT Company Wipro Appoints Vinay Firake As CEO For APMEA Strategic Market Unit
Vinay Firake holds a Master's degree in Business Administration with a focus on Finance and a Bachelor's degree in Computer Engineering. -
What are the NPS partial withdrawal rules? Know eligibility, limits and more details
NPS enables partial fund withdrawals after three years for eligible subscribers. Withdraw up to 25% of own contributions, excluding employer funds and returns, for specific purposes like education, marriage, housing, medical needs, disability, skill development, and entrepreneurship. -
London-based Consumer Tech Company Nothing Logs 144 Per Cent Growth In Q1
Nothing has established a new foundation for its audio product suite with two new wireless earbuds, Nothing Ear and Nothing Ear (a). -
Sensex Up By 260 Points, Energy And Metal Lead Rally
Sensex was up by 260 points or 0.36 per cent at 72,664, while Nifty was up by 97 points or 0.44 per cent at 22,055. -
You can lock and unlock your UID for protection against fraud - here’s how
Protect your Aadhaar with a 16-digit Virtual ID (VID) to prevent fraud. Lock it via UIDAI website or SMS, disabling authentication modes. Retrieve VID if forgotten to unlock later. Visit UIDAI for detailed steps on locking/unlocking. -
Thomas Cook India Launches Digital Service TCPay For International Money Transfers
Thomas Cook India's TC Pay is a user-friendly digital interface that allows for 24x7 remittances facility.
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Whey Vedanta’s Anil Agarwal thinks critical minerals are the ‘new gold’
Anil Agarwal of Vedanta Resources stresses the vital role of key minerals like copper, zinc, aluminum, and silver in modern technology, clean energy, and sustainability, highlighting the need for increased exploration and investment in domestic production. -
Tesla Announces Over $500 Million Investment For Supercharger Network Expansion
Musk has invited billionaire investor Warren Buffett to consider investing in Tesla as the electric vehicle company navigates a challenging market with a global slowdown in EV sales. -
Tesla To Invest Over $500 Mn On Supercharger Network Expansion
Musk has invited billionaire investor Warren Buffett to consider investing in Tesla as the electric vehicle company navigates a challenging market with a global slowdown in EV sales. -
SEBI Mulls Direct Payout Of Securities To Client's Account Mandatory; Zerodha's Nithin Kamath Says Move To Simplify Operations Of Stock Brokers
In its latest draft circular, SEBI suggested that it should be made mandatory to ensure that stock brokers segregate client's securities so that they are not at risk of being misused. -
Virat Kohli, Anushka Sharma to make a multibagger return of 271% with Go Digit IPO - details here
Star couple Virat Kohli and Anushka Sharma are poised to make a significant profit of 271% when Bengaluru-based new-age insurance startup Go Digit goes public next week. Virat Kohli and Anushka Sharma's investments in Go Digit IPO are expected to yield a notional profit of Rs 6.75 crore. -
ITR e-filing portal new update: Dealing with income tax notices made easier - here’s how
The Income Tax e-filing ITR portal now offers a new 'e-Proceedings’ tab to simplify responding to tax notices for taxpayers with multiple ongoing tax proceedings. The update introduces separate pages and improved filters for faster navigation and efficient management. -
Latest HDFC Bank lending rates: What home loan, car loan, and personal loan borrowers need to know
HDFC Bank's MCLR, ranging from 8.95% to 9.35% on May 7, 2024, sets the minimum interest rate for loans. Prime Lending Rate and base rate act as benchmarks. Home loan rates linked to External Benchmark Lending Rate post-merger."} -
Akshaya Tritiya 2024 gold price: What is the outlook for gold investment? Here’s what experts recommend
Gold Price Akshaya Tritiya 2024: A study of gold price trends since 2014 reveals a varied performance of gold between one Akshaya Tritiya and the next. So where are gold prices headed and what should investors do? Here’s what experts have to say -
Electric buses on long-distance routes: Government plans big e-mobility push for intercity travel
The government is planning to incentivize the adoption of electric buses for intercity and interstate travel to promote green mobility and reduce emissions. Plans include installing charging infrastructure along highways and supporting state governments in purchasing electric buses. -
Who Are Madhu Chandak, Manjri Chandak, Jyoti Kabra--The 3 Daughters Of India's Richest Retail King Radhakishan Damani Having $23 Billion Net Worth
Radhakishan Damani's three daughters Madhu Chandak, Manjri Chandak, and Jyoti Kabra are actively involved in the business he has founded. -
Gold rate today: Yellow metal prices above Rs 72,000 mark on Akshaya Tritiya; Silver rises to Rs 84,917/kg
Gold prices surge on MCX and US markets amid Fed's potential interest rate cuts. Silver also rises, driven by geopolitical tensions. Technical analyst Neha Quereshi advises buying gold and silver futures with specific price targets and stop losses.
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