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”Buy now pay later model to see short-term impact on credit access’
RBI recently advised banks to exercise caution with unsecured loans, as they have grown significantly faster; it also increased risk weights on consumer credit exposure of banks.
Know the last-minute tax saving options for individuals
Apart from several investment tools such as ELSS, PPF, Sukanya Samriddhi Yojana, interest on home loan and donations can also help save taxes
PM calls for ‘Wed in India’ campaign at U’khand’s Global Investors Summit
He also emphasized the importance of performing this exercise on a national level.
Tata Group plans to build biggest iPhone assembly plant in Tamil Nadu
Tata Electronics has already started hiring in its existing Hosur facility, it said.
Nifty hits 21,000 level as RBI holds policy rates
The Monetary Policy Committee (MPC) of the RBI on Friday kept repo rate unchanged at 6.5% and maintained its ‘withdrawal of accommodation’ stance.
No impact on ethanol blending: Min. of Petroleum & Natural Gas
India is the world’s second-largest sugar producer and a major exporter, and it has been using more and more sugarcane crops to make ethanol.
Govt advertises for position of Trai chairman
As per the Department of Telecommunication (DoT) notification, applicants can apply till December 22 by 5:30 pm.
Equity markets hit new peaks as RBI leaves policy rates unchanged
The BSE Sensex also touched an all-time high of 69,888 around 10:30 AM as the RBI governor announced a revision of the FY24 GDP growth estimate to 7%, 50 basis points higher than its earlier estimate
India bans onion exports till March next year
Earlier, the Centre in October had decided to step up the sale of buffer onion stock at a subsidised rate of Rs 25 per kg in retail markets in order to provide relief to consumers.
ED Raids Congress leader Dheeraj Sahu’s Premises, Unearths ₹200 Crore in Cash
PM Modi shares newspaper clips of Rs 200 crores recovered in ED raids at premises linked to Congress MP and declared, ‘every penny will be returned to public’
REC signs 200 million euro loan with German Bank KfW to propel distribution sector reforms
REC Limited, was established in 1969, under Ministry of Power, and provides long term loans and other finance products for Power-Infrastructure sector comprising of Generation, Transmission, Distribution, Renewable Energy. etc.
The loan…
Government to spend Rs 1.3L cr more in FY24
As per the Centre’s submissions to the lower House of parliament, a large part of the amount will be allocated to subsidies on fertilizers and food.
Sensex can soon reach 70,000 and Nifty 21,000 levels.
The undercurrent of the market is bullish and all factors are favourable, except, perhaps, valuation,” V K Vijayakumar, chief investment strategiest at Geojit Financial Services, told this newspaper.
Centre to mandate e-invoice for B2C transactions in 2-3 years
Currently, businesses with a turnover of Rs 5 crore and above are required to generate e-invoices for their Business-to-business (B2B) sales and purchases.
Digital India Act unlikely to be in place before next general election: MoS IT Rajeev Chandrasekhar
Chandrasekhar said, the existing IT Act doesn't even have the word internet and there is a consensus that it can be safely superseded and replaced.
Adani Group adds Rs 2 lakh crore in market capitalisation
This was the largest single-day gain in m-cap since the Hindenburg report of January and it pushed the Group’s combined m-cap close to Rs 14 lakh crore mark.
Akums Drugs and Pharma acquires new facility in Baddi
Akums has a network of manufacturing facilities which create pharmaceutical formulations of numerous dosage forms in various therapeutic segments and is also planning to launch its IPO shortly
‘India to be $5 tn economy in early Amrit Kaal’
The country’s gross domestic product (GDP) was $3.7 trillion in the 2022-23 fiscal year, showing a significant growth from $189 billion in 1980-81.
Byju Raveendran pledges houses to pay staff salaries
Last week, it was reported that the edtech giant has been delaying paying salary for some employees and the company cited technical glitches for it.
JSW Infra to acquire PNP Port from Shapoorji
JSW Infrastructure said that it intends to upgrade the PNP Port facilities and expand its capacity from the current 5 million tonnes per annum (MTPA) to 19 MTPA in a phased manner.
