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Showing posts from March, 2024

‘One Vehicle One Fastag’ norm kicks in today

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RBI likely to hold rates as GDP grows at steady pace

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PM Modi to speak at a ceremony in Mumbai on April 1 commemorating 90 years of RBI

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Navodaya JNVST Result 2024 out at navodaya.gov.in for Class 6, 9, direct links to check

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NVS released JNVST 2024 result for classes 6 and 9. Candidates can check by logging in at navodaya.gov.in. Steps include entering roll number and date of birth to access the entrance test results. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/0CRfXIV

Bihar Board Class 10 Matric Result 2024 to be OUT today: Check on TOI website with these easy steps

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The Bihar Board Class 10 Matric Result 2024 will be released today on the official Bihar School Examination Board (BSEB) website. Due to expected heavy traffic, their server may be down. To address this issue, TOI is also hosting the class 10 result. Read on for the TOI direct link to check results. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/kegUJcN

Need to remain alert about financial service innovations: RBI

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RBI deputy governor M Rajeshwar Rao highlights the evolving financial landscape, challenges with new trends, and the importance of balanced regulations for niche players, emphasizing the need for responsible innovation in the market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Dd2zB5T

Tax department detects HRA fraud with illegal usage of PANs

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Income tax department uncovered a PAN fraud scheme where individuals misused PANs for house rent allowance claims, leading to the detection of numerous high-value cases. The misuse may entail legal repercussions, including penal interest and tax payments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Bg05r9v

Investor wealth surges $1.6 trillion in FY24, biggest rise in a year

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Indian investors saw a significant rise in wealth in FY 2024, with BSE market cap soaring. Despite global challenges, India's market showed resilience, attracting foreign investments and outperforming expectations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/19O0dSV

Kalyani Group to sue Baba's nephew, niece

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Kalyani Group plans to sue Sameer Hiremath and Pallavi Swadi for defaming Baba Kalyani over false allegations regarding family asset division, including Bharat Forge. Sameer and Pallavi face a defamation suit involving media disclosure, malicious intent, and an ownership dispute with their mother over Hikal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/G9oX4ht

Baba Kalyani's niece, nephew move court over family assets

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Sameer Hiremath and Pallavi Swadi - grandchildren of forging industry pioneer Neelkanth Kalyani - have moved Pune civil court against their uncle and Bharat Forge chairman Baba Kalyani, seeking division of family assets. They have demanded one-ninth of the family estate including stakes in Bharat Forge and Kalyani Steel as their share. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kz5bU2Y

SP Group to sell port to Adani co for Rs 3.3,000 crore

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In a 1st, Mumbai tops Asia in billionaires list, is No. 3 globally

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There are now more billionaires in Mumbai's 603 sq km than there are in Beijing's over 16,000 sq km. By overtaking the Chinese megalopolis, Mumbai has become Asia's billionaire capital for the first time. While China has 814 billionaires compared to India's 271, Mumbai hosts 92 billionaires against 91 in Beijing, Hurun Research's 2024 Global Rich List showed. Mumbai now ranks third globally in terms of billionaires after New York, which regained its top status after seven years with 119 billionaires, followed by London with 97. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2IFzp4R

No withholding tax on discount on prepaid SIM cards, recharge vouchers: Supreme Court

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Supreme Court ruled discounts on SIM cards won't trigger withholding tax. Telecom operators not liable without commission payments. CBDT should issue clear instructions to avoid future disputes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wHpUQgC

FY25 to greet car buyers with discounts as demand shrinks

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Bihar Board Class 12 Result 2024 Out: Are you eligible for a Teaching job after class 12?

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Bihar Education Department's 70,000 job openings signal a rise in teaching opportunities. Completing the D.El.Ed program equips individuals for teaching roles, focusing on ICT integration, child psychology, and practical training. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/NRpXf42

BSEB Inter scrutiny 2024: Registration to begin on March 28, check steps here

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The Bihar School Examination Board released the results of the Bihar Intermediate (class 12) exam for 2024, showing an 87.21% pass rate. Mrityunjay Kumar in Science, Tushar Kumar in Arts, and Priya Kumari in Commerce are among the top scorers. Registration for the compartmental exam and scrutiny opens on March 28. Application deadline: April 4. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/HZQr0gI

BSEB Sakshamta result 2024 delayed, answer key objection window extended; check official notice here

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The Bihar Sakshamta exam answer key challenge window has been extended again by the Bihar School Examination Board until March 24, 2024. This likely postpones the announcement of the BSEB Sakshamta result 2024. Up until the extended deadline, candidates may raise objections about inconsistencies they find in the answer key. Direct link and official notice here. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/YErNBgW

IRDAI gives approval to set up insurance e-marketplace

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Gold crosses Rs 66,000/10gm as Fed hints at rate cuts

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Stop accepting inflows in overseas ETFs: Sebi to MFs

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Reddit jumps 55 per cent in Wall Street debut

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Reddit's successful IPO valued close to USD 9 billion on the New York Stock Exchange, priced at USD 34/share, debuting at USD 47. The price climber higher and soared over 55 per cent around 1: 20 pm ET. Supported by prominent figures like Sam Altman, Peter Thiel, and Snoop Dogg. Potential volatility expected. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ntB7rSR

JSW MG Motor India plans to recreate ‘Maruti movement’

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Indian and Chinese companies have teamed up for a significant joint venture in the automotive sector. SAIC, a leading Chinese automaker that owns MG Motor, has partnered with Indian steel giant JSW to produce cars for both domestic and global markets. The new entity, JSW MG Motor India, will have 51% ownership by Indian firms. Initial investment for the venture is set at Rs 5,000 crore, as confirmed by Sajjan Jindal, chairman of JSW group. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/t56dBLH

Gold advances on renewed rate cut bets after Fed verdict

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Federal Reserve plans three rate cut this year; lending rate remains unchanged for 5th time

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Federal Reserve officials plan to reduce key interest rates three times in 2024 despite higher inflation. Forecasts suggest continued growth, inflation, and job market strength. Rate cuts could lower borrowing costs and support Biden's re-election prospects. Fed's cautious approach aims to balance economic growth and inflation concerns. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cwxp4OI

Sensex slips again on global cues, down 2,ooo points from peak

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The sensex took a dip on Tuesday due to various global and local factors. Japan's first interest rate hike in 17 years and concerns about overvaluation in certain stock market segments contributed to the decline. Despite foreign and domestic funds being net buyers, both the sensex and Nifty started the day in the red and continued to slide, closing near their intraday lows. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2UcNfOq

McDonald's names its CEO as new board chairman, taps Kimberly-Clark exec as independent director

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Chris Kempczinski will become chairman of McDonald’s, succeeding Enrique Hernandez Jr. Jim Skinner, a previous CEO, also held the chairman position. Kempczinski, earlier, was named as the burger chain's President and CEO in 2019. Mike Hsu is nominated as an independent director. McDonald's noted that Hsu would help maintain a corporate goal of having 50% or more of its board members represent diverse backgrounds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hCFVN1Q

Tata Sons looks to sell Rs 9,000 crore TCS shares to reduce debt

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Tata Sons is aiming to raise around Rs 9,362 crore ($1.1 billion) by selling shares of its lucrative unit Tata Consultancy Services (TCS) on Tuesday. This move is part of Tata Sons' efforts to lower its debt burden. The company is restructuring its balance sheet to avoid mandatory public listing under RBI's 'upper layer' NBFC regulations. These regulations require companies to adhere to strict guidelines, including a mandatory listing within three years of notification. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/N5eRqmd

Jumbotail raises Rs 151 crore to expand food and grocery marketplace

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All eyes on US, Japan central banks

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Dalal Street gears up for election volatility

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Stock markets are expected to be volatile during India's 78-day general election. Analysts predict auto, banking, and infrastructure sectors to show promise this year. Motilal Oswal Financial Services underscores that equity markets will keep a watch on the outcome of this election, as it will have a significant bearing on short-term market behaviour. Siddharth Khemka head (retail research), Motilal Oswal Financial Services said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WdBEDaH

UP Board 10th Result 2024: Looking Back at Last 10 Years' Result Dates and Toppers

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The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is set to announce the UP Board 10th Result 2024 soon. The exams were held from February 22 to March 09, and the evaluation of answer scripts is scheduled from March 16 to March 31. Over 55 lakh students participated in the exams this year. To check their results, students can visit the official website and follow the provided steps. The UP Board successfully conducted exams in 12 working days with reduced incidents of malpractice, with only 48 cases reported. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Zd1pv9K

ICAI CA May 2024 exams postponed, revised schedule to be released on March 19

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ICAI reschedules May 2024 exams due to Lok Sabha clash, Election Commission sets April - June 2024 dates. Revised schedule for Foundation, Intermediate, Final exams to be announced on March 19. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/Hb4Ri6N

Sop for Tesla, others: Duty to be cut to 15% if co invests $500m in local production

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Government policy overhaul reduces import duty for high-end foreign electric cars with a $500 million investment requirement. Key players like Tesla, VinFast, and Foxconn are considering the scheme, aiming to boost EV manufacturing in India. The policy, crafted by the heavy industries ministry and the department for promotion of industry and internal trade, marks a major shift as govt shed its reluctance to cut customs duty for automobiles, a sector that has traditionally been protected by high tariffs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kYhLixN

US probing Gautam Adani and his group over potential bribery

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US prosecutors are investigating Adani Group for potential bribery, focusing on founder Gautam Adani. The probe includes scrutiny of Adani entities and individuals linked to the company for alleged misconduct in India and involves the US Attorney’s Office in New York. The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit in Washington, said people familiar with the matter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1khd2Z7

Rashmi Govil 2nd woman on IOC board, takes charge as director HR

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Rashmi Govil, the new HR director at IndianOil, brings 30 years of experience, leading innovative initiatives like 'Srijan' and handling challenges at Mathura refinery. She is known for her collaborative style and focus on employee well-being. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SlLGymA

RIL to buy US co Paramount's stake in Viacom18 for Rs 4.3k crore

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Cut in fuel prices will boost consumer spending: Oil minister

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Govt-run fuel retailers on Thursday slashed prices of petrol and diesel by Rs 2 per litre. In a separate post on X, the oil ministry said the latest reduction will "boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EGOWzkg

Startups have the potential to contribute $1 trillion to India’s GDP by FY30: CII Report

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Adani stocks lose over Rs 1 lakh crore in a day

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On a day when the sensex recorded the second biggest loss in market capitalisation, Adani stocks witnessed the group's biggest single-session wealth erosion of Rs 1.1 lakh crore last seen on Feb 2, 2023, a week after the US-based short-seller Hindenburg published its report on the conglomerate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QRXW4UK

Sensex plunges, investors lose Rs 14 lakh crore

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Wednesday was the worst day for Dalal Street investors since Covid in terms of wealth erosion. The day's selloff erased Rs 13.9 lakh crore worth of investors' wealth in terms of loss in BSE's market capitalisation that was just a tad lower than the Rs 14.2 lakh crore, the biggest loss ever. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lfty9nM

More checks on Big Tech for anti-competitive acts

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A govt-appointed panel has recommended enactment of a new law - Digital Competition Act - to allow the Competition Commission to monitor large digital enterprises and intervene before instances of anti-competitive conduct transpire. The move is meant to deal with entities such as Google, Facebook and Amazon that use data ("the defining feature of digital markets") and supplement the Competition Act. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/UcEKX7g

Wheat stock with FCI lowest since 2018, but higher than buffer norm

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Wheat stock with Food Corporation of India (FCI) has dropped below 100 lakh tonne for the first time since 2018, falling to 97 lakh tonne this month, due to low procurement during past two years and record sale of the cereal in open market to keep prices under check. In case of rice stocks, FCI is currently holding more than four times. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DuvtbFL

Byju’s gives up all offices except HQ

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China central bank buying set stage for gold's rally

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I-T dept scans financial dealings, tells assessees to pay advance tax

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Adani Group looks to expand airports in Rs 30k crore push

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The Adani Group has announced plans to inject Rs 30,000 crore into the expansion of seven of its current airports within the next five years, in addition to the construction of the Rs 18,000-crore Navi Mumbai greenfield airport. Moreover, the infrastructure conglomerate, as revealed by Adani Ports MD Karan Adani, intends to allocate Rs 30,000 crore for city-side development at its airports over the next 5-10 years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/LEeusmw

Textiles to tuna, a host of EFTA stuff to soon cost less

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A trade agreement signed on Sunday between India and members of the European Free Trade Association, including Switzerland, Norway, Iceland, and Liechtenstein, is poised to reduce the prices of Swiss chocolates, watches, wine, soft drinks, Norwegian salmon, and mackerel. Customs duties on cut and polished diamonds will see reductions, but no concessions will be granted by India on gold, as well as major farm and dairy products. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hJ2QSAa

US mulls blacklisting CXMT to curb China's chip advance

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The United States is considering sanctions on Chinese tech companies, including ChangXin Memory Technologies, to restrict China's development of advanced semiconductors. ChangXin Memory Technologies complies with USexport regulations. The United States aims to prevent Beijing from acquiring advanced AI chips that could strengthen its military. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MZplbBa

CUET PG Admit Card 2024 released for March 12 & 13 exams, download link here

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The National Testing Agency (NTA) has released the admit cards for the Common University Entrance Postgraduate Test (CUET PG 2024). Candidates can download the admit card from the official website at pgcuet.samarth.ac.in. Admit cards for exams after March 12 and 13 will be released later. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/BGZJzuL

Lufthansa cabin crews to strike in German cities

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Lufthansa cabin crews, represented by the UFO union, have called a two-day strike in Frankfurt and Munich, demanding rewards for their efforts during the pandemic and citing the airline's record profits. Around 100,000 passengers will be affected by the stoppages. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4sPCcWR