[ad_1] NEW DELHI: The government has lifted the export ban on broken rice to promote its shipments. The ban was imposed in September 2022. “Export policy of broken rice has been amended from prohibited to free with immediate effect,” the Directorate General of Foreign Trade has said in a notification. Exporters have earlier urged the…
[ad_1] MUMBAI: Finance minister Nirmala Sitharaman on Friday called upon banks to embrace innovation and digital transformation, emphasising the need to adapt to changing customer expectations and technological advancements.At an event in State Bank of India (SBI), where she virtually inaugurated 70 new branches and 501 women customer service points across the country, she said:…
[ad_1] MUMBAI: On the heels of the income tax cut announced in the Union Budget, finance minister Nirmala Sitharaman on Saturday said a reduction in goods and services tax (GST) is in the offing, but remained tight-lipped on reduction in capital gains tax, citing resumption of the Parliament session next week.In a fireside chat at…
[ad_1] BENGALURU: Ten years ago, MNC IT companies boasted six women at the helm. Prominent leaders included Accenture India’s Chairman Rekha Menon, IBM’s Vanitha Narayanan, HP’s Neelam Dhawan, Capgemini’s Aruna Jayanthi, and Intel’s Kumud Srinivasan. Back then, Meta (Facebook) was headed by Kirthiga Reddy. Several of these leaders managed firms with nearly 100,000 employees.Fast forward…
[ad_1] MUMBAI: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank for one year, instead of the three-year term recommended by the bank’s board. This is the second time the regulator has shortened his tenure from what was initially proposed by the bank’s board.In a…
[ad_1] Donald Trump’s tariff threats have added volatility to global stock markets, significantly impacting India. Key sectors like automobiles, pharmaceuticals, textiles, and steel are at risk. Despite challenges, India’s markets show resilience, and experts see current conditions as an investment opportunity. India’s diplomatic approach could mitigate risks, aiming to attract foreign investments and reduce tariffs…
[ad_1] MUMBAI: India’s forex reserves dropped by $1.8 billion to $638.7 billion in the week ended Feb 28, Reserve Bank of India said on Friday. The overall forex kitty had jumped by $4.8 billion to $640.5 billion in the previous reporting week. At the end of Sept 2024, the forex reserves touched an all-time high…
[ad_1] Gold silver rate (File photo) The prices of gold remained steady on Saturday at Rs 76,650 per 10 grams, marking a modest increase of 0.10% while silver hovered around Rs 97,260 per kilogram at 1:20 pm. On Friday, gold April futures contracts on MCX ended flat at Rs 85,820 per 10 grams, down by…
[ad_1] MUMBAI: Markets regulator Sebi will endeavour to enhance transparency about its working including board disclosures, its chief Tuhin Kanta Pandey said on Friday. “Trust and transparency are crucial not only for regulated entities but also for functioning of Sebi as well. A transparent and accountable regulatory framework fosters confidence and clarity in the market,”…
[ad_1] Chennai: Samsung India employees union on Friday withdrew its protest against the company after the latter agreed to allow them to rejoin work, thus ending the slew of protests, demonstrations. The company in a notice, posted outside its facility at Sunguvarchatram, said it would allow them back to work starting Saturday. However, it did…
