Category: Business

Business

Markets log gains for 3rd day on buying in Reliance, Infosys

Posted on By admin
Markets log gains for 3rd day on buying in Reliance, Infosys

Equity benchmark indices Sensex and Nifty closed higher for the third straight day on Tuesday on gains in market heavyweights ITC, Reliance Industries and Infosys amid a bearish trend in global equities. Besides, robust domestic macroeconomic data added to the positive momentum, traders said. The BSE benchmark index climbed 152.12 points or 0.23% to settle…

Read More “Markets log gains for 3rd day on buying in Reliance, Infosys” »

Business

Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

Posted on By admin
Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

Nirmala Sitharaman asked banks, financial institutions to ensure customers update nominees Mumbai: Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. “I want the banking system, the financial ecosystem including the mutual funds, stock markets…

Read More “Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs” »

Business

India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO

Posted on By admin
India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO

India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month. Mumbai: India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month, a top official from the National Payments Corporation of India said today. This would be a 10-time growth over the 10 billion transactions achieved…

Read More “India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO” »

Business

RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

Posted on By admin
RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

RBI Governor said the central bank is committed to bringing down inflation to 4 per cent New Delhi: Reserve Bank Governor Shaktikanta Das today said the central bank is committed to bringing down inflation to 4 per cent and will remain watchful of risks as more frequent global supply shocks can have profound implications on…

Read More “RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das” »

Business

RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das

Posted on By admin
RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das

RBI Governor Shaktikanta Das speaks at the Delhi School of Economics Diamond Jubilee Distinguished Lecture, in New Delhi, on Sept. 5, 2023. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Tuesday said the central bank is committed to bringing down inflation to 4% and will remain watchful of risks as more frequent global…

Read More “RBI committed to bring down inflation to 4%; watchful of price risks: Governor Das” »

Business

Tata Steel to pay ₹314.70 crore as annual bonus to employees

Posted on By admin
Tata Steel to pay ₹314.70 crore as annual bonus to employees

Private steel major Tata Steel announced a total payout of ₹314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers’ Union (TWU) in Jamshedpur. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of…

Read More “Tata Steel to pay ₹314.70 crore as annual bonus to employees” »

Business

Rupee falls 13 paise to 82.84 against U.S. dollar

Posted on By admin
Rupee falls 13 paise to 82.84 against U.S. dollar

Representational image | Photo Credit: VIVEK PRAKASH The rupee depreciated 13 paise to 82.84 against the US dollar in early trade on Tuesday amid the withdrawal of foreign funds from domestic equities and firm crude oil prices. Positive sentiment in the equity markets failed to provide support to the Indian currency facing pressure due to…

Read More “Rupee falls 13 paise to 82.84 against U.S. dollar” »

Business

Why scrap dealers worried about new Registered Vehicle Scrapping Facility in Bengaluru

Posted on By admin
Why scrap dealers worried about new Registered Vehicle Scrapping Facility in Bengaluru

Car scrap dealers in Bengaluru are bracing for the impact of the Registered Vehicle Scrapping Facility (RVSF), which is expected to change the face of a business that is a huge part of the unorganised sector. The RVSF coming up in Bengaluru is the project of CERO, a joint venture of Mahindra Accelo and government-owned…

Read More “Why scrap dealers worried about new Registered Vehicle Scrapping Facility in Bengaluru” »

Business

White-collar hiring falls 6% in August on cautious sentiment in IT, auto sectors: report

Posted on By admin
White-collar hiring falls 6% in August on cautious sentiment in IT, auto sectors: report

White-collar hiring in India witnessed a 6% year-on-year decline in August following cautious sentiment in IT, insurance, auto, healthcare and BPO sectors, a report said on Monday. In August this year there were 2,666 job postings, as against 2,828 job postings in the year-ago period. On a sequential basis, hiring went up by 4% in…

Read More “White-collar hiring falls 6% in August on cautious sentiment in IT, auto sectors: report” »

Business

The transition of loans from floating to fixed rates | Explained

Posted on By admin
The transition of loans from floating to fixed rates | Explained

File photo: A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. | Photo Credit: Reuters The story so far: On August 18, apex banking regulator the Reserve Bank of India (RBI) issued guidelines enabling a borrower to transition from a floating interest rate-based loan to one…

Read More “The transition of loans from floating to fixed rates | Explained” »

Business