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Govt collects Rs 27k cr in taxes from sr citizens on interest earned from fixed deposits: SBI report

by AIP Online Bureau | Apr 15, 2024 | Banking & Bancassurance, Eco/Invest/Demography

SBI researchers estimated that at least 7.3 crore of these accounts have a balance of over Rs 15 lakh, and assuming that the deposits fetch an interest of 7.5 per cent, senior citizens have earned Rs 2.7 lakh crore in FY24 as interest alone Mumbai: The government has...

LIC’s stake in HUL crosses 5%

by AIP Online Bureau | Apr 15, 2024 | Workplace/Employee Benefits

Life Insurance Corporation of India (LIC) on Monday said its stake in FMCG major Hindustan Unilever Limited (HUL) has crossed 5 per cent. The Corporation has increased its shareholding in Hindustan Unilever Limited from 11,74,63,555 to 11,77,18,555 equity shares,...

GeM portal marks over ten fold growth in two year, Rs 80K crore saved so far

by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Technology

With over 12,070 product categories and 320+ service categories, GeM has emerged as a one-stop solution for seamless public procurement, offering sellers and service providers across the nation an opportunity to showcase their products and services transparently New...
India preferred destination for digital investments; focus on AI, big data, and cybersecurity intensifies: Nasscom

India preferred destination for digital investments; focus on AI, big data, and cybersecurity intensifies: Nasscom

by AIP Online Bureau | Apr 15, 2024 | Data, Eco/Invest/Demography, Technology

”Nearly 90 per cent of companies have signalled plans to boost investments in key digital technology areas in 2024, including artificial intelligence (AI)/machine learning (AI/ML), big data analytics, cloud computing, cybersecurity, and intelligent...
Hong Kong approves first bitcoin, ethereum spot ETFs

Hong Kong approves first bitcoin, ethereum spot ETFs

by AIP Online Bureau | Apr 15, 2024 | Eco/Invest/Demography, International News, Technology, Wealth Management/ Philanthropy

The step comes just three months after the U.S. launched the first U.S.-listed ETFs to track spot bitcoin. The U.S. launch set an example for other regions as it has already drawn roughly $12 billion in net inflows Hong Kong: Hong Kong’s securities regulator...
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