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-
Sikkim To Introduce AI-driven Traffic Management System On May 25: Details
The system aims to modernise traffic management and improve regulation efficiency by automatically verifying documents and detecting violations -
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. -
Bad Loans During UPA Stifled Credit Needs Of Startups And Small Businesses: Sitharaman
Further, targeting her party BJP's principal Opposition party Congress, Sitharaman said those who take credit for the nationalization of banks kept the nation's poor and middle class unbanked for decades. -
RBI Moves 100 Tonnes Of Gold From UK Vaults For First Time Since 1991
The government in 1991 pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise 4 million dollars between July 4 and 19. -
7th Pay Commission DA hike impact: Gratuity limit hiked after being put on hold; details here
The Central government's decision to raise employees' dearness allowance by 4% to 50% has led to a 25% increase in retirement gratuity and death gratuity limits, effective from January 1, 2024. This revision, in line with the Seventh CPC recommendations, brings the cap to Rs 25 lakh from Rs 20 lakh. -
Upcoming Bajaj CNG Bike: Will It Be Named 'Fighter'? Know Latest Development
Bajaj CNG Bike: Bajaj Auto is all set to launch the world's first CNG bike, which could be named Bajaj Fighter or Bruzer. -
Modi’s Midas touch? PSU stocks create Rs 7 lakh crore wealth for Dalal Street investors in Lok Sabha elections season
The list of election season winners is dominated by shares of defence PSUs, which are among the primary beneficiaries of PM Modi's 'Aatmanirbhar Bharat' policy. -
SEBI Bans THESE 5 Entities From Securities Markets For 3 Years: Check List
NNM Securities, a SEBI registered market maker and stock broker was fined along with the other 4 entities. -
Sensex Jumps Over 400 Points, L&T, M&M Top Gainers
Banking shares are also bullish in early trade. Nifty Bank is up 342 points or 0.70 per cent at 49,043. -
NSE Indices Introduces India's First Electric Vehicle Index: Check Details
The index will be reconstituted semi-annually and rebalanced on a quarterly basis. -
Air India Delhi-San Francisco Flight Nightmare; 20-Hour Delay, Passengers Faint Without AC
Air India Delhi-San Francisco Flight: An Air India flight, AI 183, originally scheduled to take off at 3:20 AM on Thursday from the Indira Gandhi International (IGI) Airport, Delhi to San Francisco, was delayed for over 20 hours. -
Stock market today: BSE Sensex rises over 300 points; Nifty50 above 22,550
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday. While BSE Sensex moved up over 300 points, Nifty50 was above 22,550. -
Adani Green risks missing targets: Report
The renewable energy unit of billionaire Gautam Adani's empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by London-based Snowcap Research. Adani Green Energy is falling short of its stated return targets, Snowcap said in a 51-page report on Thursday. -
Sensex slips 617 points as investors feel poll jitters
The global increase in interest rates, coupled with apprehension surrounding the upcoming Lok Sabha election results, led to a significant decline in the stock market on Thursday. The sensex experienced a sharp drop of 617 points, closing at 73,866. Throughout the trading session, foreign investors were the primary sellers, while domestic funds maintained their position as net buyers. -
‘IBC resolved as many cases in 7 yrs as BIFR did in 30 yrs’
Finance Minister Nirmala Sitharaman stated on Thursday that the seven-year-old Insolvency & Bankruptcy Code (IBC) has facilitated the rescue of 3,171 distressed companies and aided in the closure of those that are unviable. She pointed out that this is a significant improvement compared to the less than 3,500 cases resolved by the Board of Industrial and Financial Reconstruction (BIFR) during its over 30-year tenure, starting from 1987. -
RBI moves 100 tonnes gold from UK to its vaults in India
Reserve Bank of India has moved 100 tonnes of gold from the UK to its vaults in India, marking a significant shift in gold storage. The transfer was for logistical and storage diversification reasons. -
Oyo posts first profitable year in FY24
Oyo Hotels & Homes, founded by Ritesh Agarwal, recorded its first profitable year in FY24 with net profits of nearly Rs 100 crore. -
Audi Introduces New Rear-Wheel Drive Variant of Q6 e-Tron; Check Details
The Q6 e-Tron Performance is equipped with a 100 kWh lithium-ion battery (94.9 kWh net), powering a single motor mounted on the rear axle
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Fist Fight, Bloody Brawl Between Railway Officials Of Varanasi Station Halts Trains Including Vande Bharat
The clash, which took place around 7.30 pm on May 28, disrupted train operations by 40 minutes to one and a half hours at Varanasi as well as other nearby stations. -
Railways Relaxes Distance Restriction In UTS Mobile App For Purchasing e-Tickets
The Bengaluru Division of South Western Railway (SWR) said that removing the distance restriction on purchasing unreserved paperless tickets expands convenience and flexibility for travellers by eliminating the geographical limitations.
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FAME 3 To Launch With Rs 10,000 Crore For EV Incentives: Report
FAME-III will continue offering financial incentives for purchasing electric two-wheelers, three-wheelers, and government-owned buses.
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Stock market crash today: Why BSE Sensex, Nifty50 plunged - top reasons bears are on a rampage
Stock market crash today: The Sensex hit an intraday low of 73,668.73, sliding by almost 800 points, while the Nifty touched 22,459.15, correcting by 250 points. This marks the fourth straight day of declines for the benchmark indices. -
Want To Modify Your Car? You Might End Up In Jail! Check Illegal Modifications In India
Not all modifications are permitted under Indian law. It’s important to understand what is legal and what is not to avoid any legal troubles.
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