Rs 8,470 cr worth of Rs 2000 notes with public: RBI
The Reserve Bank of India (RBI) on Friday said nearly 97.62 per cent of the Rs 2,000 bank notes have returned to the banking system, and only about Rs 8,470 crore worth of the withdrawn notes are still with the...
India’s GDP growth from 2012-13
India's economic growth accelerated to 8.4 percent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining & quarrying and construction sectors....
Reaction to the Interim State Budget ’24 :: Dr. Dipen Agrawal President Chamber of Associations of Maharashtra Industry and Trade (CAMIT)
The Interim Budget is a Fine Balance between Electoral Populism and Fiscal Discipline. The second budget of Eknath Shinde as Chief Minister and first by Ajit Pawar as Finance Minister in this Government, has a clear focus on infrastructure and...
Deceptive act: State FDA cracks down on McDonald’s for using cheaper veg oil in place of cheese
Mumbai: Maharashtra Food and Drug Administration (FDA) has cracked down on fast food giant McDonald's, slamming it for a cheesy deception -- using substitutes in burgers and nuggets instead of real cheese. It has suspended the license of a McDonald's...
Maha Govt inks Rs 1795.60 cr deal with Pernod Ricard to set up one of India’s biggest malt spirit distilleries in Nagpur
Nagpur: The Government of Maharashtra and Pernod Ricard India, a global leader in the wine and spirits industry, today signed a Memorandum of Understanding to establish one of the biggest malt spirit distilleries in India, in the industrial suburb of...
RBI’s job to bring down inflation is not over: Das
The Reserve Bank of India's (RBI's) job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. RBI's rate...
Air India and Tata Advanced Systems to Invest Rs 2300 Crore in Bengaluru,Over MIHAN, Nagpur
Nagpur: Air India and Tata Advanced Systems have announced plans to invest Rs 2300 crore in Bengaluru, Karnataka, for three projects, including Maintenance, Repair, and Overhaul (MRO) facilities. This decision comes despite a letter from Nitin Gadkari, Minister of Road...
Sensex, Nifty fall in early trade
Equity market opened on a lacklustre note on Tuesday, with Sensex declining nearly 80 points tracking muted trends in Asian stocks and fading expectations of early interest rate cuts globally. After gaining for five straight sessions, the 30-share Sensex...
TCS mcap share in Tata group falls below 50%, a first in more than a decade
Tata Consultancy Services’ (TCS’) contribution to the overall market capitalisation (mcap) of listed Tata group companies has slipped below 50 per cent for the first time in over a decade. This has happened amid a rally in other Tata stocks, led...
RBI gives Paytm Bank 15 days more to stop transactions
The RBI on Friday gave 15 days more, till March 15, 2024, to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including...
Sensex slumps over 675 points
Equity benchmark indices plummeted in early trade on Wednesday and Sensex slumped more than 675 points tracking negative cues in the global market as higher than expected inflation numbers in the US hit investor sentiments. The broader 50-share Nifty...
Sensex sinks 523 points on profit booking
Benchmark stock indices Sensex and Nifty closed sharply lower on Monday amid a rush for profit taking and mixed trends in global markets. The 30-share BSE Sensex settled 523 points or 0.73 per cent lower at 71,072.49. The broader NSE Nifty also...
Paytm assured of service continuity without disruption
Fintech firm One97 Communications, which owns the Paytm brand, has received support from merchants, and it assured them of continuity of services without any disruption, the company said in a blog on Sunday. The blog post came amid the recent crisis...
EPFO fixes 3-year high interest rate of 8.25% on EPF for FY24
Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 percent on employees' provident fund deposits for 2023-24. In March 2023, the Employees' Provident Fund Organisation had increased the interest rate on EPF marginally to 8.15...
Forex reserves jump to $622.47 billion
India's forex reserves jumped by $5.74 billion to $622.47 billion for the week ended February 2, the Reserve Bank said on Friday. In the previous week, the overall reserves had increased by $591 million to $616.73 billion. In October 2021, the...
Max Healthcare acquires Alexis Hospital, enhancing healthcare landscape in Nagpur
Nagpur: Max Healthcare Institute Ltd announced the acquisition of 100% stake in Alexis Multi Speciality Hospital Private Limited (Alexis) for an enterprise value of Rs 412 crore. Alexis, a 200-bed hospital located in Mankapur, North of Nagpur, on approximately 2...
RBI keeps repo rate unchanged at 6.5%
"India's potential growth is propelled by structural drivers," says RBI Guv Shaktikanta Das as he announces the monetary policy. RBI MPC opts for status quo, keeps repo rate unchanged at 6.5%, maintains monetary policy stance as withdrawal of accommodation. Growth is...
VIA Session on “Delayed Payment to MSME & Disallowance under Income Tax Act”
VIA Taxation and Corporate Law Forum is organizing a Session on “Delayed Payment to MSME & Disallowance under Income Tax Act” on Friday, 9th February 2024 from 5.30 pm to 7.00 pm at VIA Auditorium, Udyog Bhawan, Civil Lines,...
UPI Service Down? Servers Of Major Banks Hit By Outage Across India, Customers Unable To Make Online Transactions
Servers of major banks such as HDFC Bank, Bank of Baroda, State Bank of India (SBI) and Kotak Mahindra Bank reportedly experienced outage on Tuesday, February 6. Customers took to X (formerly Twitter) to complain that they were unable to...
HDFC Bank to acquire up to 9.5% stake in ICICI Bank
HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank. The Reserve Bank of India (RBI) gave its approval...
RBI Cracks Down on Paytm: Concerns Over Money Laundering and Suspicious Transactions
The Reserve Bank of India (RBI) has taken stringent action against Paytm Payments Bank Limited (PPBL) due to the rising cases of money laundering and suspicious transactions associated with Paytm wallet. RBI has directed PPBL not to accept deposits or...
