[ad_1] MUMBAI: RBI has lifted restrictions it imposed on Kotak Mahindra Bank in April 2024, which had prevented it from on-boarding new customers through its online and mobile banking channels and from issuing fresh credit cards, the lender informed exchanged. RBI had placed restrictions on the bank for inadequacies in its IT systems. According to…
[ad_1] BENGALURU: Commerce and industry minister Piyush Goyal said the combination of growth driven by consumption, alongside growth propelled by investment can serve as twin pillars for India’s economic advancement. “Economists will tell you that consumption-led growth, coupled with investment-led growth, can together become the twin pillars on which India’s growth story will rapidly scale…
[ad_1] NEW DELHI: Telecom regulator Trai on Wednesday intensified its crackdown on pesky calls and messages with new rules, that prescribe fines ranging from Rs 2 lakh to Rs 10 lakh for recurring and repeated instances of violation, in cases where telcos misreport the count of such spams.The regulator has mandated all telecom operators to…
[ad_1] In a written communication to Sri Lanka’s Board of Investment (BOI) dated Wednesday, Adani expressed respect for the government’s stance. The Adani Group on Thursday said that it has pulled out of further engagement in a $442 million wind power venture in Sri Lanka after the country’s authorities attempted to modify the agreement.In a…
[ad_1] New Income Tax Bill 2025 (AI image) New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman has tabled the New Income Tax Bill in Lok Sabha on Thursday, comprising 536 clauses across 622 pages, with an aim to replace the existing 823-page law that has been in effect for 64 years. The New Income…
[ad_1] For 2023-24, EPFO offered 8.25% interest on earnings of ₹1,07,000 crore. Latest EPFO interest rate: The EPFO might maintain the provident fund deposits interest rate for 2024-25 near the previous year’s 8.25% when its central board of trustees (CBT) gathers on February 28, according to informed sources.For 2023-24, EPFO provided 8.25% interest on ₹1,07,000…
[ad_1] Sustained trading above 23,150-23,200 could lead to further short-term gains. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Thursday. While BSE Sensex was above 76,200, Nifty50 was near 23,100. At 9:17 AM, BSE Sensex was trading at 76,258.00, up 87 points or 0.11%. Nifty50 was…
[ad_1] Jefferies has initiated its coverage of recently listed ITC Hotels with a ‘buy’ recommendation with a target price of Rs 240 (+37%). Analysts feel the company is seeing continuation of the long tenured hotels management team and post demerger, they believe that the independent new existence will help improve focus on return/growth. ITC Hotels…
[ad_1] Vodafone Idea CEO Akshaya Moondra during an earnings call on Wednesday said that current ‘return on capital‘ metrics in Indian telecom sector justifies shorter, even nine-month time gap between two rounds of tariff hikes, against an “ideal” 12-month duration between two such rounds. Jio, Airtel and Vodafone Idea had raised tariffs in July last…
[ad_1] NEW DELHI: India’s gas consumption is set to surge 60% to 103 billon cubic metres (bcm) by 2030, leading to more than doubling of liquefied natural gas (LNG) imports, the International Energy Agency said on Wednesday, suggesting further liberalisation of the domestic market as the world heads towards a surplus.Noting that India is looking…
