New Delhi, July 24, 2024. Gold prices plummeted by over five per cent after Finance Minister Nirmala Sitharaman announced a sharp import duty cut in gold and silver prices. At 5 pm, gold prices were down by 5.03 per cent, or Rs 3,657, at Rs 69,061 per 10 grams on the MCX platform amid speculation…
New Delhi, July 24, 2024. he rupee depreciated 1 paisa to revisit its all-time closing low of 83.70 (provisional) against the US dollar on Wednesday, weighed down by a strong dollar against major crosses overseas amid investors’ weak appetite for riskier assets. Forex traders said the increase in capital gains tax and removal of indexation…
New Delhi, July 24, 2024. Realty firm Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 12.74 crore for the June quarter. The company posted a net loss of Rs 4.27 crore in the year-ago period. Its total income increased to Rs 206.70 crore during the April-June period of this fiscal…
New Delhi, July 23, 2024. Solar energy solutions provider Rays Power Infra on Wednesday said it has raised Rs 127 crore. “Rays Power Infra announced the successful closure of a fundraise of Rs 127 crores as equity capital,” a company statement said. This latest round brings the total funding raised by the company to nearly…
New Delhi, July 24, 2024. SEBI (Securities and Exchange Board of India) has been working on ways to boost the investment landscape in India. Toward this goal, it recently announced an increase in the threshold for the basic service Demat account from ₹2 lakh to ₹10 lakh. This guidance is expected to be effective from…
New Delhi, July 24, 2024. The Digital Personal Data Protection Act was passed in 2023, in a bid to protect Indian citizens from misuse of their personal data. In light of DPDPA, operating without privacy governance controls is not just a reputational and commercial risk but also a snub to the rights of digital customers…
Jaipur, July 24, 2024. The Bizz Expo & Summit and Excellency Iconic Award 2024 ceremony, hosted by Fav Fairs at Hotel Indana Palace, Jaipur, was a grand affair. The event was graced by the presence of actress Esha Deol, who was honored with the prestigious Excellency Iconic Award 2024. Startups, investors and exhibitors from across…
New Delhi, July 24, 2024. Ministry of Heavy Industries, vide gazette notification 1334 (E) dated 13th March, 2024, has launched the Electric Mobility Promotion Scheme (EMPS) – 2024 to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country. The Scheme duration is 4 months i.e. April 01,…
New Delhi, July 24, 2024. The first of two Advanced Frigates under construction by Goa Shipyard Limited (GSL) for the Indian Navy, was launched on 23 Jul 24 at GSL, Goa. In keeping with maritime tradition, the ship was launched by Smt Rita Sreedharan to the invocation from Atharva Veda, in the presence of Shri P S Sreedharan Pillai, Hon’ble Governor of…
New Delhi, July 24, 2024. Presenting the Budget, Ms. Sitharaman said the standard deduction for salaried employees will be hiked to ₹75,000, from ₹50,000 under the new income tax regime in FY25. The Union Budget 2024-25 identified nine priorities for generating ample opportunities — Productivity and Resilience in Agriculture, Employment and Skilling, Inclusive Human Resource…
New Delhi, 23rd July 2024. Coca-Cola India has been honored with an award for its circular economy initiatives at the Indian Circular Economy Forum 2024, a testament to its innovative approach in sustainable packaging, held on 12th July. The award acknowledges Coca-Cola India’s eco-friendly packaging innovations, notably its launch of 100% recycled PET bottles—a first…
New Delhi, July 23, 2024. Ms. Shanti Ekambaram, Deputy MD, Kotak Mahindra Bank, Said ‘’The finance minister prioritized nine key areas, aiming to benefit the poor, women, youth, and farmers. These areas include agriculture, employment, skilling, and manufacturing. The infrastructure outlay remained at 11 lakh crores, with a focus on housing. The fiscal deficit target…
Mumbai, 23rd July, 2024. Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today unveiled its nationwide multimedia campaign, #SalaryKoJagao featuring Bollywood superstar Ranveer Singh. The campaign centres around Kotak’s flagship offering, ActivMoney, and spans TV commercials, digital platforms, outdoor displays, and social media channels. Designed to meet the needs of professionals, the campaign encourages them to “Activate” their salaries…
New Delhi, July 23, 2024. Khelo India, which is the government’s flagship project to promote sports at the grassroots level, was once again the biggest beneficiary in the union budget for the sports ministry as it was assigned Rs 900 crore from the overall allocation of Rs 3,442.32 crore on Tuesday. Kehlo India’s share, announced…
Mumbai, July 23, 2024. Ananya Panday recently treated herself to a luxurious Range Rover 3.0. The actor was spotted outside her house in Mumbai with her new purchase. The car, adorned with a garland, hints at the Liger actor’s new acquisition. Ananya posed for the paparazzi with her new ride, which costs Rs 3.38 crore.
New Delhi, July 23, 2024. Domestic stock market indices, the Sensex and the Nifty fell over 1.5 per cent in afternoon trades after Finance Minister Nirmala Sitharaman announced to hike the securities transaction tax (STT) on futures and options (F&O) segment and long-term capital gains (LTCG) on financial and non-financial assets. The BSE’s 30-share index Sensex…
New Delhi, July 23, 2024. Union Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024-25 after the Cabinet gave its approval. She listed out a number of job creation measures in her budget speech. Here are some of the key steps government is all set to take for job creation in India. 1….
New Delhi, July 22, 2024. A delegation from Osaka, Japan led by Vice Governor of Osaka Prefecture,Mr. Yamaguchi Nobuhiko, visited Kaushal Bhawan, New Delhi and engaged in strategic discussions withGovernment of India led by Shri Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship (MSDE) along with other officials from MSDE, Ministry of External…
Jaipur, July 22, 2024. Rajasthan’s health department has sent an advisory on the Nipah virus to all chief medical health officers, principal medical officers, principal and controller of all medical colleges, including private institutions across the state. Dr Ravi Prakash Mathur, director of public health at the health department, wrote to officials across the state,…
New Delhi, July 22, 2024. The Scheme Guidelines for implementation of ‘Incentives to DISCOMs’ under PM-Surya Ghar: Muft Bijli Yojana have been notified by Ministry of New and Renewable Energy on 18th July 2024. The scheme has an outlay of Rs 75,021 crore and is to be implemented till FY 2026-27. Under the scheme, DISCOMs…
New Delhi, July 22, 2024. Nominations/recommendations for the Padma Awards 2025 to be announced on the occasion of Republic Day, 2025 have begun from 01st May 2024. The last date for nominations for Padma Awards is 15th September, 2024. The nominations/recommendations for Padma Awards will be received online on the Rashtriya Puraskar Portal (https://awards.gov.in). The Padma Awards, namely, Padma…
New Delhi, July 2024. India’s Gross Domestic Product (GDP) is seen growing “conservatively” at 6.5-7 per cent in real terms in FY25, with prospects for continued strong growth on the back of improved balance sheets in the private sector, a likely pickup in rural demand amid predictions of a normal rainfall forecast and a likely…
New Delhi, July 2024. HDFC Bank reported a 35 per cent jump in its standalone profit after tax (PAT) at Rs 16,174.75 crore in the quarter ended June 30, compared to Rs 11,951.77 crore in the year ago period. On a sequential basis, the bank’s net profit fell by 2 per cent in the April-June…