Category: Business

Business

Around 6.5 lakh applications come in for PM’s Internship Scheme pilot project

November 18, 2024 admin

As many as 6.5 lakh youth had applied for internships under the PM Internship Scheme in Top Companies (Scheme) pilot project as of Friday last, when the window closed for the 1.27 lakh opportunities initially being offered by Corporate India under the scheme, according to government sources. The project is aimed at providing on-the-job training…

Business

Around 6.5 lakh applications come in for PM’s Internship Scheme pilot project

November 18, 2024 admin

Photo: pminternship.mca.gov.in As many as 6.5 lakh youth had applied for internships under the PM Internship Scheme in Top Companies (Scheme) pilot project as of Friday last, when the window closed for the 1.27 lakh opportunities initially being offered by Corporate India under the scheme, according to government sources. The project is aimed at providing…

Business

Nirmala Sitharaman allays growth dip worries, moots rate cut

November 18, 2024 admin

Union Finance Minister Nirmala Sitharaman addresses the 11th SBI Banking & Economics Conclave 2024 in Mumbai on November 18, 2024. | Photo Credit: ANI Seeking to quell anxieties about a slowdown in the economy, Union Finance Minister Nirmala Sitharaman on Monday asserted that the government was fully aware of domestic and global challenges and there…

Business

Did inflation play a role in Trump win?

November 18, 2024 admin

Donald Trump has emerged an unlikely victor in the recently concluded U.S. election, with the Republicans delivering a comprehensive victory over the embattled Democrats. Not only have the Republicans captured the popular vote — the first time since George W. Bush in 2004 — but they also captured both houses of government, a resounding victory…

Business

Proactively monitor portfolios, address potential risks: RBI Governor to bank boards

November 18, 2024 admin

Shaktikanta Das | Photo Credit: Thulasi Kakkat RBI Governor Shaktikanta Das on Monday (November 18, 2024) asked banks to proactively monitor their portfolios, identify areas of over-concentration, and take pre-emptive measures to address potential risks and challenges. The Governor also asked bank boards to strengthen the internal governance framework to curb unethical practices, such as…

Business

DIPAM issues revised capital restructuring norms for CPSEs

November 18, 2024 admin

The Finance Ministry on Monday came out with revised guidelines for capital restructuring by CPSEs, mandating them to pay a minimum of 30% of net profit or 4% of the net worth, whichever is higher as an annual dividend. As per the guidelines issued by the Department of Investment and Capital Asset Management (DIPAM), financial…

Business

Bharti Global completes acquisition of 24.5% of BT Group from Altice UK

November 18, 2024 admin

Bharti Global, the international investment arm of Bharti Enterprises, will buy a 9.99% stake in BT Group from Patrick Drahi’s Altice immediately. Photo: X/@BTGroup Bharti Global, the international investment arm of Bharti Enterprises, has completed the acquisition of 24.5% of the issued share capital of BT Group plc from Altice UK. In a statement, Sunil…

Business

Rupee recovers from all-time low to settle 6 paise higher at 84.40 against U.S. dollar

November 18, 2024 admin

Image for representative purposes only | Photo Credit: Reuters The rupee recovered from its all-time low level and settled with a gain of 6 paise at 84.40 (provisional) against the U.S. dollar on Monday (November 18, 2024), backed by a retreating American currency. Forex traders said, the recovery in the local unit was capped by…

Business