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-
Banking sector net crosses Rs 3 lakh crore for first time in FY24
In FY24, the banking sector's net profit surpassed Rs 3 lakh crore, with public sector banks leading at Rs 1.4 lakh crore. Private sector banks and IT services also flourished due to enhanced balance sheets and improved performance. Reliance Industries, TCS, Indian Oil, ONGC, Infosys, and Bank of Baroda were notable in the profit landscape. -
D-St eyes sensex rally as exit polls predict NDA win
Markets are expected to start the week positively as exit polls predict a BJP-led government will return to power. This anticipated stability is likely to boost investor confidence and lead to a rally in large-cap stocks in financials, capital goods, automobiles, and telecom. The expected continuity in economic policies is seen as favorable for long-term investment strategies. -
Travelling on national highways set to cost you more! NHAI hikes tolls across highways by 5%
NHAI has increased toll rates by 5% on expressways nationwide from 3.6.2024 based on WPI inflation, affecting 855 user fee plazas on the national highway network. -
'Modi stocks' set to surge? If Lok Sabha exit polls turn true, these top stocks may outperform in Modi 3.0
Exit polls suggest a BJP-led NDA victory in the 18th Lok Sabha elections, with projections ranging from 342 to 400 seats. Analysts have identified 'Modi stocks' for potential growth under another Modi-led government. -
India's Forex Reserves Decline USD 2 Billion And Come Off Record Highs
In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty. -
FPIs Offloaded Over Rs 25,000 Cr Indian Stocks In May, Turning Net Sellers Second Month
FPI activity in June will be crucially influenced by the election results to be announced on June 4. -
RBI Aims To Expand UPI To 20 Countries By 2028-29: RBI’s Annual Report
The RBI report discusses the potential for collaboration with countries in the European Union and the South Asian Association for Regional Cooperation (SAARC). -
Hero Splendor Plus Xtec 2.0 Launched In India; Check What's New
The Hero Splendor Plus Xtec 2.0 is powered by the same 100cc single-cylinder engine found in the previous model.
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Pune Porsche Case: 573% Rise In Minor Driving Cases ; Check Details
Amid the surges in road accidents, the Delhi Police has issued 101 challans for minor driving offences from January till May 15, as per the official data.
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UPI Breaks Record! 14.04 Billion Transactions In May, Sees 49% Year-on-Year Growth
Both the NPCI and the Reserve Bank of India (RBI) are exploring new use cases for UPI and extending its reach into the rural economy. -
Paris-Mumbai Vistara Flight Gets Bomb Threat, Makes Emergency Landing
The flight, UK 024, was en route from Charles de Gaulle Airport in Paris to Chhatrapati Shivaji Maharaj International Airport in Mumbai.
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Gold Price Falls in India: Check 24-Carat Rates in Your City Today
The price drop in gold comes amidst fluctuating global markets and changing economic conditions, impacting both investors and consumers alike -
Air India Issues Apology, Offers $350 Vouchers for 30-Hour Flight Delay
Air India recently extended a $350 (Rs 29,203) apology voucher to passengers affected by a significant delay on a flight from Delhi to San Francisco.
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Markets Likely To See Bull Rally Next Week As Lok Sabha Election Jitters Go Away
Six months after the results of the general elections, the market has given positive returns all five times. Sensex had given returns of 7.56 per cent in 1999, 9.82 per cent in 2004, 35.05 per cent in 2009, 15.71 per cent in 2014 and 4.27 per cent in 2019. -
Punjab Train Collision: Two Loco Pilots Injured After Engine Hits Passenger Train
Reports stated the collision caused the engine of one of them to flip over to another track and hit a passenger train.
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GST collections rise 10% to 1.7 lakh crore in May
GST collections rose by 10% to Rs 1,72,739 crore in May, with domestic sources compensating for lower imports, as per the finance ministry data. Based on collections in May for transactions in April, latest data released by the finance ministry on Saturday estimated collections from domestic sources to be 15.3% higher, while those from imports were 4.5% lower. -
GST Collection For May At Rs 1.73 Lakh Crore, Up 10% YoY
or the FY 2024-25 till May, the CGST was Rs 76,255 crore; SGST was Rs 93,804 crore; IGST Rs 1,87,404 crore, and Cess was Rs 25,544 crore. -
EPFO: PF Members Can Update Or Correct Their Profile Data Online
Members have already started filing their requests using this new facility out of which around 40,000 are already approved by the field offices of EPFO. -
May 2024 GST collections at Rs 1.73 lakh crore; up 10% year-on-year
GST Collections May 2024: The Goods and Services Tax (GST) revenue for May 2024 reached Rs 1.73 lakh crore, marking a 10% increase compared to the same month last year. -
ATF Price Slashed By 6.5% To Rs 94,969.01/kl; Windfall Tax On Crude Petroleum Reduced To Rs 5,200/Tonne
The government has reduced the windfall tax on domestically-produced crude oil to Rs 5,700 per tonne from Rs 5,700 which is effective from June 1, 2024. -
Lok Sabha Elections 2024: Are Banks Closed Today, June 1? Check State-Wise List
Banks will operate as usual with no disruption in other states. Further, online and mobile banking will continue to be available in all states, regardless of the elections. -
LPG Price Cut: Commercial Cylinder Prices Reduced By Rs 69.50; Check City Wise Rates
The price reduction decision by Oil Marketing Companies has been taken to offer relief to businesses and commercial enterprises. -
Desi startups head home as market booms
A growing number of Indian-origin companies are 'reverse flipping' - shifting their domicile back to India from overseas because of attractive stock market valuations and to avoid trouble on the regulatory front. While fintech players PhonePe, Groww and Pine Labs have reverse-flipped, other startups like Razorpay, Meesho, Udaan, and Zepto are working towards shifting base to India. -
With 8.2% GDP growth, India remains top mover
India's economy is projected to have grown by 8.2% in 2023-24. This significant growth is driven by strong expansions in the manufacturing and construction sectors. and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new govt, which assumes office this month after the polls. -
Fiscal deficit at 5.6%, beats projection
Higher than estimated nominal GDP, helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, compared with govt’s projection of 5.8% in revised estimates (RE), providing further cheer to mandarins in North Block. Latest data released by the Controller General of Accounts pegged the fiscal deficit at Rs 16.5 lakh crore, which was 95% of Rs 17.3 lakh crore in RE. -
AI to boost productivity, may lead to job cuts, says Chandra
Tata Sons chairman N Chandrasekaran highlighted the impact of AI on productivity and job losses. "It's a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in data management," Chandrasekaran, who is also TCS chairman, said at the company's AGM held virtually on Friday. -
India GDP power-surge: FY24 growth beats expectations at 8.2%! Top 10 takeaways from Q4 GDP data
India GDP growth: India's economic performance continues to exceed expectations. The country's GDP growth for the 2024 fiscal year is provisionally estimated at 8.2%, surpassing the 7.6% projection made by the National Statistical Office (NSO) in February. -
India GDP Growth Data: Indian Economy Grows 7.8 % In Q4; 8.2% In FY 2024-25
Q4 GDP Growth Data: Ministry of Statistics and Programme Implementation (MoSPI) released showing that India's Gross Domestic Product (GDP) increased by 7.8% during the fourth quarter of the fiscal year 2023–24. -
EPFO Introduces New Rules For Cheque Leaf And Bank Passbook Uploads: Here’s All You Need To Know
To verify claims EPFO uses verification methods instead of requiring a validated bank passbook or cheque leaf image. -
Safety First: Top-5 Highway Driving Practices For All Drivers
Highway Driving: Highway driving has its own set of challenges and risks. Adhering to best practices can ensure a safer and more enjoyable drive.
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