The tax holiday period on business income earned by a unit in...
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Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
CS Setty,Chairman,State Bank of India On the long‑standing demand...
New India’s net profit rises almost 6% to Rs372 crore in 3rd quarter
Girija Subramanian, CMD,NIA said,``Our domestic gross direct...
Presence of microplastics in salt, sugar brands: NGT issues notice to authorities
The tribunal was hearing a matter where it had taken suo motu (on its own) cognisance of a PTI report regarding these microplastics being present in various forms, including fibre, pellets, films and fragments New Delhi: The National Green Tribunal has sought a...
India outperforms other major economies even as growth slows in April-June
Despite strong growth relative to other economies, India faces challenges in job creation and more inclusive economic growth. These issues have affected real wages, household consumption among lower-income groups, and private investments. New Delhi: India's economic...
Govt taking various measures at policy level to help fintech sector: PM Modi
Prime Minister Narendra Modi Addressing the Global Fintech Fest 2024 in Mumbai, the Prime Minister also asked the regulators to take more measures to stop cyber frauds and further increase digital literacy among people.The Prime Minister also said that in the last 10...
UK’s Aviva conspired to dodge India compensation and tax rules, DGCI says
The case is part of broader investigation into over a dozen Indian insurers for alleged evasion of $610 million in unpaid taxes, interest and penalties. The roughly $26 million in fake invoices were used by Aviva incorrectly to claim tax credits and evade $5.2 million...
With Rs 11.6 lakh cr wealth, Adani replaces Ambani as India’s richest
Gautam Adani Reliance Industries chairman and managing director Ambani's overall networth increased by 25 per cent to Rs 10.14 lakh crore, as per the 2024 Hurun India Rich List New Delhi: Recouping the dent caused by the Hindenburg Research report, Gautam Adani's...
Decriminalisation of labour laws, female workforce to drive inclusive growth: official
Sumita Dawra,Secretary, Ministry of Labour & Employment Decriminalization of labour laws, increasing female workforce participation, social security, labour welfare that will drive inclusive growth in India," Sumita Dawra,Secretary for Ministry of Labour &...
Chinese firm Tencent sells 2.1% in PB Fintech for Rs 1,668 crore; SBI MF, SocGen pick up stake
The shares were disposed of at an average price of Rs 1,719.75 apiece, taking the transaction value to Rs 1,668.15 crore. After the share sale, Tencent's sharehdoling in PB Fintech has declined to 2.13 per cent from 4.26 per cent New Delhi: Chinese conglomerate...
LIC pays Rs 3662 cr dividend cheque to Sitharaman
(L toR) M P Tangirala, additional secretary, Department of of Financial Services, Siddhartha Mohanty, CEO & MD, LIC, Nirmala Sitharaman, Union Minister of Finance, M Jagannath, MD, LIC LIC also paid interim dividend of Rs. 2441.45 crores on 1st March 2024, thus...
India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief
Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to build a financial system that serves the broader society, it was essential to give priority to digital financial inclusion. While significant strides have been made in expanding financial inclusion, the...
Indian lenders lag global peers on cybersecurity spends, BCG Says
Digital payment frauds saw a more than fivefold jump to 14.6 billion rupees ($175 million) in the year ended March 2024 from the previous fiscal year, according to the Reserve Bank of India Mumbai: Rising cases of online thefts and frauds will push Indian banks that...