"Food labelling should not just be a marketing tool, but it should...
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Govt appoints IDBI Capital, and Motilal Oswal for LIC’s OFS
The OFS , which could be between 2.5% and 3% of government's equity...
RBI panel recommends AI framework for finance sector
"The report envisions a financial ecosystem where encouraging...
Maha: Village panchayat promises Rs 10 lakh accident insurance coverage to residents if they pay local tax
Panchincholi sarpanch (village head) Geetanjali Hanumante presided over the meeting, where her predecessor Shrikant Salunkhe proposed a resolution that personal accident insurance cover of Rs 10 lakh will be provided to the villagers on 100 percent payment of the...
50 govt websites hacked, 8 data breaches in 2022-23 alone: IT Minister informs Rajya Sabha
" There have been attempts from time to time to launch cyber-attacks on Indian cyberspace from both outside and within the country. It has been observed that such attacks compromised computer systems located in different parts of the world and use masquerading...
Budget gives boost to govt’s focus on Ayush integration in national health ecosystem: Ministry
Budget allocation to centrally-sponsored National Ayush Mission (NAM) also saw a 50 per cent increase from Rs 800 cores to Rs 1,200 crores for 2023-24 The NAM is focused on providing cost effective Ayush services with the universal access through up-gradation of Ayush...
Citigroup wealth unit stops margin loans against India Adani’s securities – source SI
The group's flagship firm Adani Enterprises called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by the U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks. Singapore: Citigroup's...
Adani Enterprises calls off fully subscribed FPO, to return money to investors
Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
‘Substantial changes’ made in personal I-T in Budget, new tax regime now more attractive: Sitharaman
Union Finance Minister Nirmala Sitharaman In what is being seen as a push for the salaried class to switch to the new tax regime where no exemptions on investments are provided, the finance minister in her Budget for 2023-24 allowed a standard deduction of Rs 50,000...
Budget 2023-24: Health sector allocation sees 13 pc hike, mission to eliminate sickle cell anaemia announced
Among these central sector schemes, the budget allocation for the National Health Mission has been increased from Rs 28,974.29 crore in 2022-23 to Rs 29,085.26 crore in 2023-24, and for Pradhan Mantri Jan Arogya Yojna (PM-JAY), it has been hiked from Rs 6,412 crore to...
Car sales kick-start year 2023 with top gear
Total domestic passenger vehicle sales were at 1,55,142 units as compared to 1,36,442 units in the corresponding period previous year, a growth of 14 per cent, it added. New Delhi: Car sales in 2023 got off to a good start with auto majors such as Maruti Suzuki, Tata...
IRDAI retains reinsurance `Obligatory Cession’ at 4% for general insurers in FY2023-24
The government has notified move on Tuesday saying that the entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only. Mumbai/New Delhi: Disappointing the private sector general insurers and foreign reinsurers which are having...
Budget-2023-24: Life insurance policies with over Rs 5 lakh aggregate premium no more tax exempt, life insurers’ shares tank
Some budgetary announcements is negative for life insurance companies-- as it will impact savings products which are usually high value and margin products (though not protection). However, smaller policies remain unaffected. Overall a negative for life insurance...