Friday, 31 March 2023

US Regulator Seeks Sale of Silicon Valley Bank, Signature Bank Portfolios: Report

The portfolios are comprised of low-yielding assets, such as Treasuries and U.S. government agency-backed securities, that the two regional banks amassed while interest rates were close to zero

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Bank FD Vs Small Savings Schemes: Which Gives More Returns? PPF, NSC, SSY Latest Interest Rates

Government also raised interest rates on small savings schemes such as NSC, SSY and post office deposits by up to 70 bps

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Bank FD: ICICI Bank vs PNB vs HDFC Bank; Check Comparison of Latest Interest Rates

Here's the comparison of the current fixed deposit (FD) interest rates offered by three lenders ICICI Bank, PNB, HDFC Bank and on deposits below Rs 2 crore

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World Bank Says Recoveries in Asian Economies Losing Steam

Across the Asia-Pacific, economies are expected to grow at a 5.1% annual pace this year, up from 3.5% in 2022

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Foreign Trade Policy 2023: Paperless Approvals, E-Commerce Exports, Amnesty Scheme; Key Highlights

Foreign Trade Policy 2023: $2 Trillion Exports by 2030, Tax Remission Instead of Incentives, Paperless Approvals, Reduction In User Charges For MSMEs, E-Certificate of Origin, Districts As Export Hubs are Some of Its Highlights

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Foreign Trade Policy 2023 Unveiled: No 5-Year Timeline, Targets $2 Trillion Exports by 2030

The Foreign Trade Policy 2023 seeks to boost the country's exports to $2 trillion by 2030 by shifting from incentives to remission and entitlement-based regime

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Thursday, 30 March 2023

'Noteworthy Reforms', Says PM Narendra Modi As PNGRB Introduces Unified Tariff In Natural Gas Sector

This unified tariff mechanism will help India to achieve the 'One Nation One Grid One Tariff' model and also propel the gas markets in distant areas

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Sensex Surges Over 700 Points, Nifty Above 17,250; Rupee Appreciates By 24 Paise

Reliance, HCL Tech, ICICI Bank, Nestle and Tech Mahindra were among the top gainers rising by up to 3.27 per cent

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Four IPOs To Hit Markets Today: Check Details About Infinium, MOS, Exhicon, Sancode SME IPOs

Infinium Pharmachem and MOS Utility will be launched from the NSE Emerge platform, while Sancode Technologies and Exhicon Events Media Solutions from the BSE SME platform

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Air India Secures Rs 14,000 Crore Loan From SBI, BoB: Report

Reportedly, the funds will support the airline’s upcoming expansion into both domestic and international markets with leased aircraft and new planes.

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Relief To Patients As Govt Exempts Import Duty On Drugs, Food For Special Medical Purposes To Treat Rare Diseases

The import duty waiver will come into effect from April 1.

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Amid Global Turmoil, Hiring Intent In India Increased Over Past Year, Says Report

According to the report findings, Q1 is projecting a strong outlook, especially for entry and junior-level employees.

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Wednesday, 29 March 2023

Govt Plans to Borrow Rs 8.88 Lakh Crore from Market in H1 FY24

To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is estimated at Rs 11.8 lakh crore

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How To Calculate Income Tax On IT Department's Tax Calculator?

The income tax calculator is available on the tax department's official website.

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Sensex, Nifty Today: Indian Markets To Remain Closed On March 30 On Account Of Ram Navami

MCX will be open for trading in the evening session at 5 pm on Thursday

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Banks To Remain Closed on Ram Navami on March 30: Check List of Cities Here

Rama Navami is considered as an important festival for people following the Hindu religion

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Tuesday, 28 March 2023

Stock Market Updates: Sensex Surges 200pts, Nifty Above 17,000; Key Points

Stock Market Today: Domestic markets started trading in the positive territory on Wednesday morning.

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Stocks to Watch: Vedanta, Adani Group, JSW Energy, Britannia, Jindal Stainless, and Others

Stocks to watch: Shares of firms like Vedanta, Adani Group, JSW Energy, Britannia, Jindal Stainless, and others will be in focus on Wednesday's trade.

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Chinese E-commerce Giant Alibaba to Split Itself into 6 Business Groups

Alibaba has faced increased competition from short-video platforms such as Douyin and Kuaishou which also offer e-commerce services on their platforms

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PAN Verification, Digital Sign; Sebi Eases FPIs Onboarding Process, Check All Details Here

Granting of registration on the basis of scanned copies has been allowed but trading can only be activated following the verification of the physical documents, it said.

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Monday, 27 March 2023

New Debt Mutual Fund Norms: AMCs Open Subscription For International Schemes, Check Details

The fund houses that resumed their international schemes are — Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund and Edelweiss Mutual Fund.

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EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers.

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Stock Market Updates: Sensex Jumps 150 pts, Nifty Above 17,000; Paytm Gains 2%

Stock Market Today: Indian indices opened higher on March 28 with Nifty above 17000.

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Walt Disney Co Begins 7,000 Layoffs as it Seeks to Control Costs

Anxiety has been building within Disney, as rumors swirled about areas of possible cuts

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Rekha Jhunjhunwala Portfolio: Analysts See 24% Upside in This Insurance Stock; Details

Rakha Jhunjhunwala's portfolio stock Star Health and Allied Insurance has gotten a BUY rating and target price of Rs 675 per share.

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Paytm Gets 15-day Extension to Apply for Online Payment Aggregator Permit

The Reserve Bank of India in November rejected its application for a payment aggregator (PA) licence for Paytm Payments Services Limited

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7th Pay Commission: How Govt Calculated 4% DA Hike? Check Details

The central government revises the DA and DR for employees based on a formula

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Sunday, 26 March 2023

Bank Holidays in April 2023: Banks to Remain Closed for 15 Days Next Month; Check List

Bank holidays in April 2023: In total, banks in India will be closed for a total of 15 days in the coming month, including weekends.

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Stock Market Updates: Sensex Rises 100 pts, Nifty50 Above 16,950; Phoenix Mills Up 3%

Stock Market Today: Indian indices opened with marginal gains on March 27 amid mixed global cues.

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EPFO: Is There Any Financial Loss If Interest Update Is Delayed In Your Passbook?

EPFO also provides several online services to its members, including online registration, payment of contributions, and checking the status of claims.

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GST Cess Rate On Pan Masala, Tobacco Capped; Rates Linked To Retail Sale Price, Check Details

The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.

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Mutual Fund Nomination Deadline: You Won't Be Able To Redeem Investment After March 31

The deadline for all the existing mutual fund folios, including jointly-held ones, was set as March 31, 2023, failing which the folios will be frozen for debits.

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FPIs Invest Rs 7,200 Cr In Indian Equities In March So Far

According to the data with the depositories, foreign portfolio investors (FPIs) invested Rs 7,233 crore in Indian equities till March 25.

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Saturday, 25 March 2023

Fraudsters Use UPI Apps To Dupe Rs 1 Crore From 81 People In Mumbai

Fraudsters are reportedly using a new "payment mistake" tactic to dupe users.

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From Google Pay To PhonePe, Fraudsters Use UPI Apps To Dupe Rs 1 Crore From 81 People In Mumbai

Fraudsters are reportedly using a new "payment mistake" tactic to dupe users.

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Avalon Technologies' Rs 865-cr IPO to Kick Off on April 3

Avalon Technologies plans to mobilise Rs 320 crore from fresh issuance of equity shares and Rs 545 crore through an offer for sale of shares by promoters and existing shareholders

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Global Mobile Gaming Market Growing At 4.9%, To Hit $223 Billion By 2024: Report

The paid competitive gaming is growing 6X faster than the overall global mobile games market with a CAGR of 31.9 per cent from 2021 to 2024.

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You Will Have To Pay Extra Taxes If PAN Is Not Linked To Aadhaar By March 31

If you have not yet linked the PAN card with Aadhaar, then you need to link them by March 31, 2023.

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Friday, 24 March 2023

RBI MPC To Meet 6 Times In FY2023-24; First Meeting Slated For April 3-6

The RBI governor announces the bi-monthly monetary policy after MPC's deliberations on the prevailing domestic and economic situations

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7th Pay Commission: How Much Will Govt Employees' Salary Increase After Latest 4% DA Hike?

The combine impact on the exchequer on account of both dearness allowance and dearness relief would be Rs 12,815.60 crore per annum

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Apple Inc Supplier Mulls Opening 2nd India Factory to Assemble Latest iPhones: Report

Pegatron plans to add a second facility near the southern city of Chennai in the Tamil Nadu state

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7th Pay Commission: Central Govt Employees' Salary To Rise As DA, Fitment Factor Likely To Be Revised on March 31

Currently, over one crore central government employees and pensioners are getting 38 per cent dearness allowance

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Thursday, 23 March 2023

Thursday Has Become The New Friday, 79% Indians Going To Office By Choice: LinkedIn Survey

A majority of workers in India (60 per cent) say they have experienced loud leaving -- when managers visibly leave the workplace, making it known that it's okay to shut down and stop working at a reasonable time

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Stock Market Update: Sensex Wipes Off Early Gains, Down 150 pts; Nifty Below 17,050

Sensex Today: Domestic markets were volatile in Friday's trade, amid mixed global cues.

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Stocks to Watch: Vedanta, Maruti Suzuki, LIC, HAL, IT Stocks, PNB, RVNL, and Others

Stocks to watch: Shares of firms like Vedanta, Maruti Suzuki, LIC, HAL, IT Stocks, PNB, RVNL, and others will be in focus on Friday's trade.

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Ajay Banga Tests Positive for COVID19 During Routine Testing in Delhi

India is witnessing a spike in influenza and coronavirus cases in the past two weeks

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Global Surfaces Makes Debut Listing On Exchanges, Up 17%; Details Here

Global Surfaces IPO was subscribed 12.21 times on the final day of the offer on Wednesday last week

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HDFC, SBI Warn Customers Against Fake SMS By Fraudsters

The goal of these fake SMS is to make the customer feel panicked.

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Wednesday, 22 March 2023

Air India Looks To Reduce Permanent Employee Count By Another 2,000 In 2nd VRS: Report

Air India will cost over Rs 200 crore if all the 2,000 eligible employees avail the second VRS offer, according to a report

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Stock Market Updates: Sensex Down 350pts, Nifty50 Below 17,100; HAL Falls 5%

Sensex, Nifty opened lower in Thursday's trade, as global sentiments turned weaker after the US Fed Reserve indicated another rate hike

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US Fed Raises Key Rate by Quarter-Point Amid Global Banking Turmoil

The move set the U.S. central bank’s benchmark overnight interest rate in the 4.75 percent -5.00 percent range.

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How Medical Inflation Affects Your Health Insurance Premium?

Health insurance demand has crossed the roof, supplemented by higher medical inflation. People want a bigger sum insured to secure their future.

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Emami Soars 7% As Board Mulls Share Buyback; Know Details

Shares of Emami had hit a 52-week low of Rs 340.95 on Monday, March 20, 2023

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Govt Extends Deadline to Link Aadhaar Number with Voter ID Till March 31, 2024

The Cental Government has extended the deadline for linking the Aadhaar number with voter ID to March 31, 2024, from April 1, 2023.

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Tuesday, 21 March 2023

Bitcoin At Highest Level In 9 Months, Crosses $28,000 Amid Banking Crisis; Why Are Cryptos Rising?

From March 10, when Silicon Valley Bank collapsed, Bitcoin started surging and rose from $19,674 on March 10 to nearly $28,200 now

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Stock Market Updates: Sensex Gains 250 pts, Nifty Above 17,150; HCL Tech Up 2%

Sensex Today: Indian indices opened higher on March 22 with Nifty around 17,150.

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Stocks to Watch: Hindustan Zinc, Tata Motors, Indian Oil, Power Grid, Emami, and Others

Stocks to watch: Shares of firms like Hindustan Zinc, Tata Motors, Indian Oil, Power Grid, Emami, and others will be in focus on Wednesday's trade.

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Gold Loan For Financial Emergency? Know Pros And Cons Before Availing

Loans also can be taken against gold jewellery and ornaments to meet financial emergencies.

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From Salil Parekh To Rajesh Gopinathan, Six Highest-Paid CEOs In India

Their hard work and determination have taken the company to new heights.

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Aadhaar-PAN Linking to ITR Filing: Key Financial Tasks to Complete Before April 1

The Income Tax Department has announced March 31, 2023 as the last date to link your PAN card with Aadhaar

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DMart's Ignatius Navil Noronha; CEO With Rs 4.5 Cr Salary, Rs 70 Cr House In Mumbai

Ignatius Navil Noronha bought Bandra home in one of the largest transactions in the real estate industry of Mumbai in terms of value.

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Monday, 20 March 2023

Stock Market Updates: Sensex Rises 250 pts, Nifty Near 17,050; L&T Up 1%

The key benchmark indices started Tuesday's session on firm ground tracking positive global cues as fears related to the banking crisis in the West seemed to subside.

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Credit Suisse Takeover Faces Harsh Criticism at Home, Sparks Fear of Bigger Financial Woes

Switzerland was in shock after its largest bank agreed under pressure from Swiss authorities to swallow up the second largest for $3.25 billion

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What is Mortgage Loan? How Is It Different from Home Loan? Details Here

Though both mortgage loan and home loan are secured loans, they are different in their features, even in terms of interest rate offerings; check the difference

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Sunday, 19 March 2023

'It Is A Signal For All Bankers...,' Uday Kotak On UBS Buying Credit Suisse At 60% Discount

UBS is buying troubled rival Credit Suisse for almost $3.25 billion, 60 per cent discount to stock value at Friday closing

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Petrol, Diesel Prices Remain Unchanged On March 20; Check Fuel Rates Here

In Delhi, petrol was being sold at Rs 96.72 per litre, with diesel available for Rs 89.62 for the same amount

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Why Petrol, Diesel Prices Won't Fall in India Despite Cheaper Crude Oil?

The price of Brent crude oil currently stands at around $72 per barrel, which is significantly lower as compared with about $100 per barrel last year

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Stock Market Updates: Sensex Tanks 400pts, Nifty50 Below 17K; All Sectors in Red

Market Opens: Indian indices opened on negative note on March 20 with Nifty below 17,100.

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Personal Loan Vs Gold Loan: What Should You Go For?

For gold loans, the interest rates for people with poor credit profiles are generally lower than the personal loan options

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Disney May Cut 4,000 Jobs in April, Instructs Managers to Identify Layoff Candidates: Report

Entertainment giant Disney has directed managers to propose budget cuts and compile lists of employees who will be laid off in the coming weeks, according to reports

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J&K's Largest 'Mall of Srinagar': Manoj Sinha Lays Foundation Stone, Emaar's Mall To Open by 2026

The 10-lakh-sqft project's world-class development will include a mall, 6 cinema multiplex, five-star hotel, and a multi-use commercial and residential complex

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How To Link PAN With Aadhaar; These Services Will Stop If You Don't Do It By March 31

The PAN will become inoperative from April 1 if not linked by the end of this month, and thus you will not be able to get key government services using PAN

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Saturday, 18 March 2023

Petrol, Diesel Prices Today: Petrol Price in Delhi Below Rs 100, Check Fuel Rates in Your City

Mumbai continues to have the highest price for petrol, trading at Rs 106.31 per litre, with diesel priced at Rs 94.27 per litre

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OECD Raises India's Growth Forecast To 5.9% for FY24 from 5.7% Earlier

India's growth is projected to moderate to about 6 per cent in FY2023-24, amid tighter financial conditions before picking up to recover to around 7 per cent in FY 2024-25

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Income Tax: How Advance And Self-Assessment Taxes Are Calculated And Paid?

If tax amounts to more than Rs 10,000 per year, taxpayers need to pay advance tax in quarterly installments.

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India's Forex Reserves Down By $2.39 Bn To $560 Bn: RBI Weekly Data

Last week, the rupee stood ground and lost just 10 basis points against the dollar and the currency traded in the 81.61-82.29 range.

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Investor Update: What Are Sebi's New Stringent Disclosure Norms For FPIs? Check Details

FPIs will inform Sebi and designated depository about any false or misleading information about change in material respect

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Friday, 17 March 2023

Sebi Comes Out With Procedural Requirement To Process Investors' Service Requests By RTAs

In addition, the regulator has issued framework for furnishing PAN, KYC (Know Your Client) details and nomination by holders of physical securities.

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Women Earn Lesser Than Men, Gender Pay Gap Widest In Top Leadership Roles, Says Report

While women professionals excel at sales and are bringing in revenue, they aren’t being entrusted enough with investment decisions, the report said.

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Credit Suisse Crisis Unlikely To Impact India's Banking System, Say Experts

The RBI is keeping a close tab on the evolving situation caused due to shuttering of a few banks and stress in other global lenders.

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PhonePe Raises $200 Million In Additional Funding From Walmart

The new funding comes as part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year

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First Republic Bank: The Third Likely Casualty After SVB & Signature Bank Collapse?

First Republic Bank serves the similar clientele as Silicon Valley Bank, and has wealth management affiliates that offer investment and wealth management services

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Thursday, 16 March 2023

Tech Layoffs: Skill Gap the Underrated Villain of Pink Slip Saga, Say Industry Experts

‘Employability gap’ has become a recent buzzword in the IT industry with many deeming that the educational system does not place a premium on developing strong foundational and professional skills

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Stock Market Updates: Sensex Jumps Nearly 500 pts, Nifty Above 17,100; HAL Up 4%

Sensex Today: Indian indices opened on positive note on March 17 with Nifty above 17,100.

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Stocks to Watch: TCS, Adani Stocks, Zee, SAIL, NTPC, Rail Vikas Nigam, and Others

Stocks to watch: Shares of firms like TCS, Adani Stocks, Zee, SAIL, NTPC, Rail Vikas Nigam, and others will be in focus on Friday's trade.

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Pornhub Owner MindGeek Sold to Canadian Private Equity Firm

The acquisition comes after the departure of MindGeek’s CEO Feras Antoon and COO David Tassillo in June 2022

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Silicon Valley Bank Collapse: Top US Banks to Deposit $30 Bn to Shore Up First Republic

A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic

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India Created More Unicorns Than China In 2022, Funding To Non-Metro Start-Ups Grows, Says Report

While global headwinds will impact India, 2023 will likely see a stronger and more resilient ecosystem emerge.

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Wednesday, 15 March 2023

GST Update: 4-member Appellate Tribunal In States Soon, National Tribunal In Delhi; Check Details

The amendments would be brought in as part of the Finance Bill 2023 for Parliament approval. Thereafter, changes in state laws would be made.

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Stock Market Updates: Sensex Down 100pts, Nifty Below 16,950; Metal Stocks Drag

Sensex Today: Domestic markets started Thursday's trade on a tepid note, amid mixed global cues.

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Looking for Safe And Attractive Investment Options? Invest in an Fixed Deposit; Here's Why

Fixed deposits are offered for a wide range of periods, from brief tenures of 7 to 14 days to extended tenures of 10 years.

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Stocks to Watch: JSW Energy, Ramakrishna Forgings, Patanjali Foods, IOC, Vedanta, and Others

Stocks to watch: Shares of firms like JSW Energy, Ramakrishna Forgings, Patanjali Foods, IOC, Vedanta, and others will be in focus on Thursday's trade.

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Neelkanth Mishra Quits Credit Suisse, To Join Axis Bank As Research Head: Report

Neelkanth Mishra is part of Indian Prime Minister Narendra Modi's Economic Advisory Council and head of research at Credit Suisse's local unit

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Petrol, Diesel Price On March 15: Check Latest Rates In Delhi, Mumbai And Other Cities

Petrol, diesel price today: Petrol and diesel prices continue to remain elevated in most parts of India.

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Tuesday, 14 March 2023

SVB Collapse: CEO Tim Mayopoulos Urges Depositors To Come Back; Aims To 'Win Back Confidence'

In the letter to clients, Mayopoulos said that the bank will provide more information as soon as it is available.

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Stock Market Updates: Sensex Jumps Over 500 pts, Nifty Above 17,150; IndusInd Bank Gains 2%

Sensex Today: Domestic markets opened higher on Wednesday morning, as global sentiments improve on in-line US inflation report.

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Stocks to Watch: Cipla, LIC, NBCC, Welspun, HPCL, Axis Bank, RailTel, and Others

Stocks to watch: Shares of firms like Cipla, LIC, NBCC, Welspun, HPCL, Axis Bank, RailTel, and others will be in focus on Wednesday's trade.

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Mutual Funds Investors Must Ensure KYC Re-Validation By April 30: SEBI

Investors whose records are found fraudulent or incomplete will not be allowed to do transactions in the market.

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Divgi TorqTransfer Shares List At 5% Premium; Should Investors Buy, Sell or Hold?

Pune-based Divgi TorqTransfer Systems is engaged in the business as an automotive component entity

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Monday, 13 March 2023

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details

Many members and employees' representatives have raised the issue of not crediting the rate of interest on EPF for 2021-22, which was fixed at 8.1%.

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Stock Market Updates: Sensex, Nifty Open Flat; Pharma, FMCG Stocks Gain

Sensex Today: Domestic markets are likely to recover in Tuesday's trading session, after two days of consecutive losses.

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Silicon Valley Bank Collapse: A Contagion Risk?

The Fed has agreed to lend the necessary funds to other banks that need to honour the withdrawal requests of their clients

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Yes Bank Shares Tank 13% As Lock-In Period Ends; What Should Investors Do Now?

YES Bank's decision to writedown AT-1 bonds being challenged in Court is a key risk for the stock going ahead, experts opined

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Most Salaried Women Want To Become Entrepreneurs, Says Report

The survey found that over 90% of the respondents are contributing towards household expenses with nearly 40% chipping in with more than 50% of their income.

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Sunday, 12 March 2023

SVB Solution Ensures Taxpayer Dollars Are Not Put at Risk: US President Joe Biden

He said Treasury Secretary and National Economic Council Director worked diligently with the banking regulators to address problems at SVB and Signature Bank.

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Market This Week: Macro Data, FIIs, Global Cues, and Other Factors to Watch Out For

This week, investors will be looking for the major macroeconomic data starting with the Consumer Price Index (CPI) for February to be out on March 13

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Stocks to Watch: LIC, Paytm, Adani Shares, Ambuja Cement, Yes Bank, JSW Steel, and Others

Stocks to watch: Shares of firms like LIC, Paytm, Adani Shares, Ambuja Cement, Yes Bank, JSW Steel, and others will be in focus on Monday's trade.

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Saturday, 11 March 2023

Bank FD: ICICI Bank vs Axis Bank vs HDFC Bank; Check Comparison of Latest Interest Rates

Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have recently raised their interest rates on both deposits and loans multiple times in the recent past

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Atal Pension Yojana Sees 28% Rise In Subscribers In A Year, Count Reaches 4.53 Crore

In a similar vein, the proportion of subscribers between the ages of 18 and 25 has increased from 32% in 2017 to 45% of overall enrolments.

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Silicon Valley Bank CEO Sold $3.6 Million Shares 2 Weeks Before SVB Failure: Report

The crisis at Silicon Valley Bank worsened after the company sent a letter to shareholders informing that it will try to raise over $2 billion in capital after taking losses

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Friday, 10 March 2023

PhonePe Records $1 Trillion In Annual TPV Run Rate, Gets RBI's In-Principle Nod for PA Licence

PhonePe has digitised over 35 million offline merchants spread across Tier 2, 3 & 4 cities and beyond

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MCON Rasayan India IPO: Check Subscription Status, GMP, Listing Date

MCON Rasayan IPO receives bids for 62,31,09,000 shares on Friday; it got 36,72,60,000 subscriptions in the retail category and 24,87,42,000 in the NII category

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Petrol Price Above Rs 100 In Mumbai, Chennai, Kolkata; Check Latest Petrol, Diesel Rates in Your City

The price of petrol in Bengaluru, Hyderabad, and Bhopal also remains above Rs 100

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What's New For Farmers In Maharashtra Govt's Budget?

The state government will annually invest Rs 6,900 crore in this programme, according to Fadnavis.

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Bears Back in Action! Sensex Tanks 900 pts, Investors Lose Rs 3 L Cr; Why is Market Falling?

The Indian benchmark indices opened in deep red losing more than a percent each on Friday morning. Know why is Sensex, Nifty falling today

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Thursday, 9 March 2023

India's February Fuel Demand Hit At Least 24-Year High, Shows Data

Consumption of fuel rises over 5% to 4.82 million barrels per day in February, its 15th consecutive year-on-year rise

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Petrol, Diesel Fresh Prices Announced; Check Rates Of Fuels In Your City

Mumbai saw the highest prices with petrol priced at Rs 106.31 per litre. Diesel here cost Rs Rs 94.27 per litre

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Stocks to Watch: Reliance, Tata Motors, Wipro, Bank Of Baroda, HAL, and Others

Stocks to watch: Shares of firms like Reliance, Tata Motors, Wipro, Bank Of Baroda, HAL, and others will be in focus on Friday's trade.

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Bharti Airtel Shares May See an Upside of Nearly 31%; Should You Buy the Telecom Stock?

CLSA maintained a buy rating on Bharti Airtel with a target price of Rs 1015, indicating an upside of more than 31 per cent

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Wednesday, 8 March 2023

Byju's Seeks $250 Million Pre-IPO Funding for Aakash: Report

The fundraising by Aakash will help Byju's, which is struggling with the delay in its fundraising due to prolonged due diligence process, tide over its liquidity crunch

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Need Money For Business? Don't Take Loan Without Considering These Key Things

Experts suggest a detailed and well-thought-out business plan is essential for securing a loan.

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GST: Foreign Tourists May Soon Be Able To Claim Tax Refund On Departure, Says Report

Work on the procedure and rules for refund of GST to foreign tourists will be started soon and could reportedly be implemented early next year

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Stock Market Updates: Sensex, Nifty Open Flat; Adani Enterprises Up 5%

Sensex Today: Domestic markets started on a flat note on Thursday, amid mixed global cues as traders bet on rising rate concerns.

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Want To Buy Tax-Free Gold? How You Can Purchase Gold In Bhutan Without Paying Any Duty

Indians need to stay at least a night in Bhutan and pay a sustainable development fees of Rs 1,200-1,800 to be eligible to buy gold; check other details

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International Women's Day: Why Women Need A Separate Health Coverage in India

When it comes to purchasing their own health insurance, women trail behind

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Elon Musk Apologizes After Mocking Laid-off Twitter Employee

Haraldur Thorleifsson, who until recently was employed at Twitter, logged in to his computer last Sunday to do some work — only to find himself locked out, along with 200 others

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Tuesday, 7 March 2023

SoftBank Founder Masayoshi Son Attends Ritesh Agarwal's Reception, OYO Founder Touches Feet

Masayoshi Son-owned SoftBank is the biggest investor in OYO, which was launched by Agarwal in 2013

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US Fed's Powell Sets The Table for Higher, Possibly Faster Rate Hikes

The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated

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Meta Plans Fresh Round Of Layoffs; To Be Finalised Next Week: Report

The second round of layoffs is reportedly being driven by financial targets and is separate from the "flattening" of organisation

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F-1 Visa For Students: US to Fast-Track Processing of Work Permits; How to File F-1 Online

F-1 Visa for Students: These new measures will help F-1 students obtain employment authorisation more quickly.

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Why Expats Are Motivated Relocating To India; Finds HSBC Report, Check Details

The survey revealed that 53% of the respondents who are planning to move to India (to live, work or study) expect a cash flow crisis upon arrival.

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Bank Holiday: Are Banks in Your City Closed Due to Holi on March 7,8?

Here's a list of the cities in which banks will be closed on March 7, 8 and 9

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Monday, 6 March 2023

Meta Plans to Cut Thousands of Jobs This Week in a Fresh Round of Layoffs: Report

Meta Platforms Inc will cut thousands of jobs as soon as this week in a fresh round of layoffs, Bloomberg News reported on Monday.

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Is Stock Market Open Today? Check NSE, BSE, MCX Trading Timing on Holi 2023

Nifty and Sensex will remain closed on Tuesday, March 7 for Holi

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Consumption Of Financial Services By Women Low Despite High Awareness, Says Study

Around 78% of women surveyed cited cash withdrawal as the primary reason for visiting a retail store for financial transactions.

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Gold Prices Stable In India On March 6: Check Latest Rates In Delhi, Chennai And Other Cities

The price of gold articles, for example jewellery, is usually higher than the price of the total weight of gold.

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Sunday, 5 March 2023

Bill Gates Meets Zerodha Co-Founders Over Breakfast; Here's What Nikhil Kamath Shared

On his Twitter account, Nikhil posted a photo of them standing with the co-founder of Microsoft and added that the three of them had breakfast together.

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How Debit Cards Are Different From Credit Cards

With a credit card, the holder can borrow money from the financial institution, which issued the card.

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EPFO Higher Pension: Here's Step-By-Step Guide To Apply on EPFO Portal

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO

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Stock Market Updates: Sensex Zooms 450 pts, Nifty At 17,700 ; Rupee Opens at 1-Month High

Sensex Today: Sensex, Nifty50 had a positive start at the bourses on Monday, amid improved global sentiments.

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Govt Saved $27 Bn In Schemes Using Direct Benefit Transfer, Says Economic Affairs Secretary

In India, DPI enabled DBT emerged as a boon in providing succour and relief to millions of citizens whose livelihood was impacted.

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How To Open RBI Retail Direct Account To Invest In G-Sec Market

Promoting retail participation in the G-sec market is beneficial to both the issuer and the investor.

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FY'23 Fiscal Deficit: Finance Ministry Monitoring Daily Receipts, Expenses in March

The Centre has set a target of 6.4 per cent for fiscal deficit in the current financial year ending March 31.

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Saturday, 4 March 2023

Govt Plans 58 Quality Control Orders To Stop Imports Of Sub-Standard Goods; Check Details

The department for promotion of industry and internal trade (DPIIT) is working hard to promote manufacturing of high quality products in the country.

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Mumbai Sees Boom In Property Registrations; Collected Rs 39 cr Revenue Per Day In Feb, Says Report

While rising mortgage rates stretched house purchase affordability, property sales in Mumbai remained buoyant due to robust consumer confidence.

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Old Pension Scheme For Select Central Govt Employees, To Get One-Time Option; Check Eligibility

The National Movement for Old Pension Scheme has welcomed the government decision.

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Gold Jewellery without Hallmarking can’t be sold from April 1, Check Details

In India, In FY 2022-23, 10.56 crore pieces of gold jewellery were hallmarked.

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Delhi-Mumbai Expressway Turning Point for Gurugram's Real Estate Market: Experts

Realty players say the Sohna-Dausa stretch has put housing and commercial markets in Gurugram in the transitional stage of many developments, favouring the real estate sector

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Friday, 3 March 2023

Budget 2023 To Give New Growth Energy To Infrastructure Sector: PM Modi

In a post-Budget webinar, PM Modi says the infrastructure development has always been an important pillar in the process of a country's development

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India's Forex Reserves See Decline for 4th Straight Week, Fall $325 Million to $560.94 Billion

India's gold reserves decrease for the fourth week running and were down $66 million to $41.751 billion

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EPFO Higher Pension: Procedural Complexities Making It Virtually Impossible To Apply

EPFO has not received a single application since the inception of the scheme in March 1996 for permission under a clause, now mandatory, to claim the benefit of higher pension

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Govt Hikes Windfall Tax on Crude Oil, Removes Exports Duty On Jet Fuel

Exports of petrol continues to have zero special additional excise duty

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Nifty PSU Bank Index Rises 4% Today as Adani Sells Stake in Group Companies; Details

The Nifty PSU Bank index jumped 3.56 per cent to Rs 3,900.70 on Friday morning amid a sharp rebound in Adani group stocks

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Thursday, 2 March 2023

How Arshad Warsi, 44 Others Manipulated Shares Via YouTube? Know The Pump and Dump Case

The share pump-and-dump case are related to share manipulation of two companies -- Sadhna Broadcast Ltd and Sharpline Broadcast Ltd

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Google parent Alphabet Announces 2nd Round Of Job Cuts, Sacks Hundreds of Employees In Waymo

Waymo has eliminated some engineering roles as part of the cuts to "focus on commercial success"

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Stock Market Update: Sensex Rises 400pts, Nifty Above 17,450; SBI Up 5%

Stock Market LIVE Updates: Adani Enterprises, Adani Ports, SBI, Tata Steel and L&T were among major gainers on the Nifty, while losers were Dr Reddy's Laboratories, Sun Pharma, HDFC Life and ICICI Bank.

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PAN-Aadhaar Link Not Compulsory For These People

PAN-Aadhaar Link: There are some exemptions to this rule as notified by the government.

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Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others

Stocks to watch: Shares of firms like Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and others will be in focus in Friday's trade.

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Rental Homes: Gurugram's Golf Course Extension Road Sees Highest Rental Growth in India Since 2019

The Golf Course Extension Road in Gurugram was followed by Hyderabad's Jubilee Hills, which witnessed a 17 per cent jump in rentals from Rs 54,000 a month in 2019 to Rs 63,000 a month in 2022

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Wednesday, 1 March 2023

Holi 2023 Bank Holiday: Banks Will be Closed for 3 Days in These States; Check List Here

If you have planned to visit the bank in the coming week, make sure to finish your work early. Here's why

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Deepinder Goyal Resigns From Board of Urban Company As Blinkit Launching Similar Services

The resignation comes even as Zomato-owned quick commerce company Blinkit is entering the home services category such as chefs and beauticians

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Stock Market Update: Sensex, Nifty Open Flat; Broader Indices Outperform; Bajaj Finserv Up 3%

Sensex Today: Indian indices opened flat on March 2 amid mixed global cues. Both benchmark indices opened on a flat note

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Suryoday SFB, Equitas SFB Revise FD Interest Rates Across Tenures; Check Details

The revised interest rates on fixed deposits for both Suryoday SFB and Equitas SFB are effective from March 1

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Twitter Lays Off Employee Who Introduced The Idea Of Blue Paid Subscription

If you remember, Esther was the one whose photo of sleeping on the office floor had gone viral online last year.

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India's Manufacturing PMI Shows Steady Growth in February

The February PMI data points to an improvement in overall operating conditions for the 20th straight month

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Sovereign Gold Bonds: RBI Issues Dates For Premature Withdrawal, Coupon Payment; Check Details

RBI has provided the date for submitting the request for premature redemption and the date of coupon payment, apart from the issue date and SGB Series

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Beyond Borders: The True Origins Of India's Favorite Brands - Colgate, Bata And Maruti

Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...