Business and financial news
New Delhi/IBNS: The Income Tax (IT) department has found that British multinational insurance company Aviva breached local regulations in India, capping commissions to sales agents with a system of fake invoices and clandestine cash payments, Reuters reported, citing an IT notice to the company dated August 3.
India's financial lifeline Mumbai has beaten China's Beijing to become the billionaire capital of Asia, according to the Hurun India Rich List 2024.
San Francisco/IBNS: American artificial intelligence (AI) start-up OpenAI is gearing up for a significant funding round that could value it at over $100 billion, and two of the biggest US-headquartered global tech companies are in talks to join this investment funding round, reports said.
New Delhi/IBNS: Singapore Airlines (SIA), the flag carrier of Singapore, on Friday (August 30) said it has received approval from the Government of India for foreign direct investment (FDI), as part of a merger in which Vistara, its 49 percent-owned joint venture with Tata, will be absorbed into Air India, reports said.
New Delhi: Gautam Adani and his family have claimed the top position in the 2024 Hurun India Rich List, with a Rs 11.6 lakh crore fortune, overtaking Mukesh Ambani.
California/IBNS: Shares in artificial intelligence (AI) chip giant Nvidia have fallen despite the American company comfortably beating expectations after more than doubling its sales, reports said.
Swiggy, India’s leading on-demand convenience platform, on Thursday announced the appointment of Amitesh Jha as the Chief Executive Officer of its rapidly expanding quick commerce business, Swiggy Instamart, effective Sept 4.
Mumbai/IBNS: Mukesh Ambani's multinational conglomerate Reliance Industries Limited (RIL) is set to hold its 47th annual general meeting (AGM) on Thursday (August 29), the company informed the exchanges last week.
Kolkata: Private sector lender Axis Bank announced the launch of a comprehensive app, neo for merchants, in partnership with VISA and Mintoak.
Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday announced the launch of two new product offerings built by the National Payments Corporation of India (NPCI) at the Global Fintech Festival (GFF) 2024.
New Delhi: The Ministry of Road Transport and Highways has launched the Voluntary Vehicle Modernization Program or Vehicle Scrapping Policy to create an ecosystem for phasing out unfit polluting vehicles across the country through a network of Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs).
New Delhi: India's anti-trust regulator has approved Reliance Industries Ltd's Rs 70,350 crore merger with Disney's Indian media assets, subject to specific voluntary modifications, paving the way for a media giant.
New Delhi: The Union Cabinet has sanctioned three railway projects with a total estimated cost of Rs 6,456 crores to improve logistical efficiency by connecting the unconnected areas, increasing the existing line capacity, and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth.
New Delhi: The Centre has appointed Indian Railway Management Service (IRMS) officer Satish Kumar as the chairman and CEO of the Railway Board, marking the first time an Indian Railways officer from the Scheduled Caste or Dalit community has held this position.
Given today's traffic conditions and the need for efficient mileage, purchasing a two-wheeler has become a necessity. However, many postpone the plan due to financial constraints. A bike loan covers up to 95% of the cost, leaving only 5% as a down payment. However, if you are taking a Two-Wheeler Loan for the first time, you should know how to ensure quick approval with favourable terms and conditions. Here are some top tips for getting approved for a Two-Wheeler Loan with the most favourable terms.
New Delhi/IBNS: Amid global geo-political uncertainties, Indian economy has remained resilient, but the outlook seems softer due to moderation in a couple of high-frequency indicators, according to the Monthly Economic Review for August released by the National Council of Applied Economic Research (NCAER), India's oldest and largest independent, non-profit, economic policy research think tank.
India has marked its 10th anniversary of Pradhan Mantri Jan Dhan Yojana (PMJDY), an initiative which was launched by Prime Minister Narendra Modi after coming to power in the country for the first time in 2014.
Mumbai: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crore today at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year, the lender said in a press release on Wednesday.
Mumbai: The United States might consider connecting some of its private banks with India's Unified Payments Interface (UPI) to speed up the formation of a fast payments network, said Christopher Waller, a member of the Federal Reserve Board of Governors, media reports said.
New Delhi/Kolkata/IBNS: The number of mobile users in Kolkata circle fell by around 2.67 lakh in June 2024 compared to May 2024, which is the highest in the country, according to the Telecom Regulatory Authority of India's (TRAI) subscription data released last week.
Mumbai: The shipping industry is on the brink of another disruption as Grade-III and IV employees at government-run ports prepare to launch an indefinite strike starting Wednesday morning.
Mumbai: Canara Bank raised Rs 3,000 crore at a coupon rate of 8.27%, lower than the market expectations of 8.30–8.35%, NDTV profit reported citing sources.
New Delhi: Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that several manufacturers of commercial and passenger vehicles will provide discounts on new vehicles in exchange for scrapping older ones with a valid Certificate of Deposit.
New Delhi: Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that several manufacturers of commercial and passenger vehicles will provide discounts on new vehicles in exchange for scrapping older ones with a valid Certificate of Deposit.
Mumbai: Telecom company Bharti Airtel will leave the music segment and close its Wynk Music app, media reports said.
Days after making grave allegations against SEBI chief Madhabi Puri Buch that she had an interest in the obscure offshore entities implicated in the "Adani money siphoning scandal", Hindenburg Research has released a new report targeting Silicon Valley-based Super Micro Computer Inc, media reports said.
New Delhi: Finance Minister Nirmala Sitharaman announced on Tuesday that the GST Council will discuss the rationalization of tax rates next month though a final decision on adjusting taxes and slabs will be made later.
Kolkata: Rekha Jhunjhunwala, wife of late billionaire investor Rakesh Jhunjhunwala, is set to offload her stake in Baazar Style Retail Limited, which is set to launch its Initial Public Offering (IPO) on Friday.
With rising inflation, you must invest money in pension plans to secure your post-retirement life. The earlier you start investing, the smoother your financial journey will be. However, when it comes to choosing the best pension plan for investment, you will find various types available in India. For instance, if you decide to invest in NPS, you must first understand what is Tier 1 and Tier 2 in NPS before choosing the right pension plan.
When navigating the world of property financing, understanding the distinction between a home loan and a mortgage loan is crucial. Though often used interchangeably, these terms have specific differences that can impact your financial planning. This guide will help you distinguish between them, ensuring you make informed decisions.
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