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-
Paytm Initiates Customer Migration To Partner Banks For UPI Services
The four handles to choose from include @ptsbi, @pthdfc, @ptaxis, and @ptyes. -
2024 Maruti Swift Bookings Open Ahead Of Launch; First Teaser Revealed
The 2024 Maruti Swift is anticipated to retain the K12C 1.2-litre four-cylinder petrol engine in Indian market -
Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April
Check below the Breakdown of April 2024 GST Collections. -
When will gold prices hit Rs 2 lakh mark? Here’s what experts say
Gold rate outlook: If the price continues to triple from its current level, gold could surpass the Rs 2 lakh per 10 gram mark. However, investors are keen to know how long it will take for the price to reach this milestone. -
Google Layoffs: Workers Lodge Complaint Alleging Unfair Firing Of Employees
The protest arose in response to Google's 1.2 billion dollars cloud computing project with the Israeli government which is known as Project Nimbus. -
Your travel experience on national highways is set to change! NHAI plans wayside amenities on greenfield access-controlled highways
National Highways Authority of India (NHAI) is planning to include wayside amenities in the design of new greenfield access-controlled highways to enhance the overall travel experience. NHAI targets 1,000 wayside amenities over the next five years, with 800 developed under PPP mode. Experts emphasize the need for scaling up operations to attract private operators. -
Ampere Electric Launches New Nexus Electric Scooter In India; Check Design, Performance, Features
The Ampere Nexus is powered by a robust 4kW electric motor and it can reach a top speed of 93kmph. -
GST collections hit all-time high; cross Rs 2 lakh crore in April 2024
GST collections cross Rs 2 lakh crore! In April 2024, the Gross Goods and Services Tax (GST) collections reached an all-time high of ₹2.10 lakh crore, marking a substantial 12.4% growth compared to the same month in the previous year. -
IMF raises India’s FY24 GDP growth forecast to 7.8%, higher than the government’s projection
The International Monetary Fund has predicted that the Indian economy will grow by 6.8% in the current fiscal year, with public investment driving the growth. IMF has also raised India's growth forecast for FY24 to 7.8%. -
Harley-Davidson Unveils 2024 Lineup In India; Check Prices, Features
The new Street Glide and Road Glide models are powered by the Milwaukee-Eight 117 engine, delivering increased power and efficiency.
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19 Kg Commercial LPG Cylinder Rates Slashed By Rs 19 From Today May 1, Check How Much You Need To Pay Now
Here is how much you need to pay for per bottle of 19 kg commercial lpg cylinder from may 1 in metro cities.
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Bank Holiday On May 1: Check List Of States Where Bank Branches Will Be Closed Today
As per the RBI holiday list, bank branches in several states will remain closed today on account of May Day, here's the complete list. -
Binance crypto founder Zhao sentenced to 4 months in prison
Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for regulatory failures that permitted cybercriminals and terrorist groups to use the platform. The sentencing occurred in Seattle by US District Judge Richard Jones. Zhao, 47, attended the court dressed in a dark suit and accompanied by several lawyers, with his family present. -
Nearly 5 lakh women employed in Indian GCCs
Indian global capability centres (GCCs) have made significant progress in promoting gender diversity, with almost 500,000 women currently working in the sector. This represents 28% of the total 16 lakh employees working in GCCs across India, as shown in the Pure Storage and Zinnov report titled “Towards a Gender Equitable World”. In the deep tech ecosystem, the gender diversity rate is 23%. -
Industry’s share in bank credit shrinks to 23%: RBI
Bank loans to the services and agriculture sectors were the primary contributors to the 20% increase in credit growth in FY24. Both sectors experienced growth of over 20%, as reported by the RBI. Although the rate of credit growth towards large industries more than doubled in FY24 (7%) compared to the previous year (3.1%), it still remained slow, leading to a continued decrease in market share. -
ChrysCapital raises $700 million to keep NSE stake
ChrysCapital, a private equity firm, has raised $700 million for its continuation fund in order to retain its ownership stake in NSE. In 2016, the company initially invested in NSE through a different fund known as Fund VI. The ownership stake has currently been moved to the new continuation fund. Sources mentioned that investors in the previous fund have the choice to either withdraw their investment from NSE or move their stakes to the new fund. -
Sebi aims to curb price manipulation in mutual funds
On Tuesday, the Securities and Exchange Board of India (Sebi) tightened regulations for mutual funds to prevent front-running and price manipulation. Sebi will issue general guidelines for this, while the Association of Mutual Funds in India (Amfi), the industry trade body, will develop detailed guidelines, as stated in a release from the regulator. This action was prompted by multiple instances of front-running in fund companies. -
Incomplete KYC: 1.3 crore investor accounts on hold
KYC registration entities, known as KRAs in the market, stated on Tuesday that out of approximately 11 crore investors under Sebi’s regulatory oversight, around 1.3 crore accounts are currently ‘on hold’ (indicating that these investors are unable to carry out transactions in stocks, MFs, and commodities using these KYCs) due to non-compliance with Sebi regulations for various reasons. -
Sensex hits 75,000 mark again in day’s trade
Benchmark indices sensex and Nifty closed lower on Tuesday because there was a selloff in banking and IT shares in the last hour of the session amidst a mixed trend in global markets. The Sensex dropped by 189 points to reach a closing value of 74,483. The index started with an increase and continued to rise by 440 points, reaching a peak of 75,111 during the day's trading. -
Godrej family seals deal to split group’s assets
The Godrejs have reached a settlement to split the Rs 59,000-crore ($7 billion) locks-to-land development group to “better align ownership in acknowledgement of the differing visions of the family members”. Adi Godrej and his brother Nadir Godrej will have full ownership of the five publicly listed companies of the Godrej Group, which include Godrej Consumer Products, Godrej Properties, Godrej Industries, Godrej Agrovet, and Astec Lifesciences. -
Beyond Fame, Meet Mukesh and Anil Ambani's Lesser Known Sisters Who Have Achieved Success In Their Own Ways
Both Mukesh and Anil Ambani's sisters were spotted at Anant Ambani and Radhika Merchant's pre-wedding celebrations recently in Jamnagar. -
Sebi looks to cut corporate bonds' face value to boost retail participation
SEBI announced measures on Tuesday aimed at boosting retail investor participation in the corporate bond market. One significant decision involves reducing the face value of such debt securities from Rs 1 lakh to Rs 10,000. Additionally, the SEBI board decided to introduce a framework for unit-based employee benefits (UBEB) pertaining to REITs (real estate investment trusts) and InvITs (infrastructure investment trusts). -
Adani Total Gas Q4 net profit rises 71%; company announces dividend of Rs 0.25
On Monday, Adani Total Gas Limited (ATGL) reported a significant increase of 71.6% in its consolidated net profit for the fourth quarter of FY 2024. The company recorded a profit of Rs 168 crore during the quarter, compared to Rs 97.9 crore in the same quarter of FY 2023. ATGL’s revenue rose 4.7% to Rs 1,167 crore in the last quarter against Rs 1,114.8 crore in the year-ago period. -
Lost cost or full service? Rahul Bhatia could pull a rabbit out of IndiGo's A350 hat
IndiGo plans to introduce A350 service for long haul flights from 2027, aiming for a hybrid model without clear labels. CEO Pieter Elbers focuses on tapping the global airline market for direct flights. -
April 2024 home loan interest rates: Banks with most affordable rates for home loans over Rs 75 lakh
A home loan serves as a financial tool for purchasing a home, requiring careful assessment of total costs, eligibility, interest rates, and hidden fees. Lenders must disclose all charges, while CIBIL score impacts loan terms and tax benefits are available. -
Ducati DesertX Rally Launched At Rs 23.7 lakh; Check Design, Features, And Other Details
DesertX Rally houses a potent 937cc L-twin engine capable of delivering 110hp
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Sebi takes measures to curb fraudulent trades in mutual funds
The SEBI board announced on Tuesday its decision to revise regulations pertaining to mutual funds. As per the amendments, asset management companies (AMCs) are required to establish an "institutional mechanism" to detect and prevent potential market abuse, encompassing activities like front-running and fraudulent transactions in securities. The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes. -
Markets Wipe Out Early Gains On Fag-end Sell-off; Nifty Slips From Record High
Snapping its two-day winning run, the 30-share BSE Sensex declined 188.50 points or 0.25 per cent to settle at 74,482.78. During the day, it had jumped 440.11 points or 0.58 per cent to 75,111.39. -
Bank holidays in May 2024: Banks are closed for up to 14 days; check state-wise list here
May 2024 will see banks closed for 14 days, including national and regional holidays like Lok Sabha General Elections 2024. Specific state holidays such as Birthday of Rabindranath Tagore and Buddha Purnima will be observed. -
India’s oil import bill to balloon to $101-104 billion in 2024-25: ICRA
India's net oil import bill could widen to $101-104 billion in FY2025, with any escalation in the Iran-Israel conflict potentially impacting import values, according to ICRA. Reduction in Russian oil imports has led to savings, but persisting low discounts may increase import costs.
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