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Finance, Banking & Insurance

News   -   Dec 19, 2024 Indian Stocks Fall, Rupee Hits Record Low
Indian Stocks Fall, Rupee Hits Record Low

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee

by Publisher
News   -   Dec 18, 2024 ED Recovered ₹22,280 crore From Fugitive Businessmen: Finance Minister
ED Recovered ₹22,280 crore From Fugitive Businessmen: Finance Minister

Finance Minister Nirmala Sitharaman informed the Lower House that the Enforcement Directorate (ED) of India has recovered ₹22,280 crore worth of assets from fugitive industrialists. This includes ₹14,000 crore recovery by various banks through the sale of assets of Vijay Mallya and Rs 1,053 crore from diamond

by Publisher
News   -   Dec 18, 2024 Council to Review GST on Health, Life Insurance Premiums; Food Delivered Via Apps May Cost More
Council to Review GST on Health, Life Insurance Premiums; Food Delivered Via Apps May Cost More

The fifty-fifth Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will discuss proposed tax changes for life and health insurance premiums, including GST exemptions for term life policies covering families and health insurance for senior citizens. The Council will also consider reducing the GST rate

by Publisher
Parliamentary Affairs   -   Dec 16, 2024 New Income-Tax Bill Unlikely to be Introduced in Parliament Budget Session
New Income-Tax Bill Unlikely to be Introduced in Parliament Budget Session

According to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala

by Daanish Narayan
News   -   Dec 10, 2024 Sanjay Malhotra to Take Over as RBI Governor Tomorrow
Sanjay Malhotra to Take Over   as RBI Governor Tomorrow

The Union government has appointed Indian Administrative Services (IAS) officer Sanjay Malhotra , 56, as the next governor of the Reserve Bank of India (RBI) for a three-year term, starting December 11. Malhotra, who is currently serving as the Secretary of the Department of Revenue, succeeds Shaktikanta Das, whose tenure ends

by Amal Anzari
News   -   Nov 25, 2024 Adani Group Assures Investors of Stability Amidst US Bribery Charges
Adani Group Assures Investors of Stability Amidst US Bribery Charges

On Monday, Adani Group reassured investors, showcasing cash reserves of ₹55,024 crore ($6.63 billion), sufficient to service debt obligations for 28 months, despite US bribery charges against founder Gautam Adani. The conglomerate plans $100 billion investments over a decade, with internal cash flows expected to cover ₹5.9

by Amal Anzari
News   -   Nov 12, 2024 Finance Minister to Hold GST Council, Budget Meetings on December 21-22
Finance Minister to Hold GST Council, Budget Meetings on December 21-22

Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on

by Amal Anzari
News   -   Nov 12, 2024 RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake
RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake

The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold

by Amal Anzari
Indian Stocks Fall, Rupee Hits Record Low
News   -   Dec 19, 2024 Indian Stocks Fall, Rupee Hits Record Low

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee

by Publisher
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Finance, Banking & Insurance Articles 41 Articles
News   -   Dec 19, 2024 Indian Stocks Fall, Rupee Hits Record Low
Indian Stocks Fall, Rupee Hits Record Low

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee

by Publisher
News   -   Dec 18, 2024 ED Recovered ₹22,280 crore From Fugitive Businessmen: Finance Minister
ED Recovered ₹22,280 crore From Fugitive Businessmen: Finance Minister

Finance Minister Nirmala Sitharaman informed the Lower House that the Enforcement Directorate (ED) of India has recovered ₹22,280 crore worth of assets from fugitive industrialists. This includes ₹14,000 crore recovery by various banks through the sale of assets of Vijay Mallya and Rs 1,053 crore from diamond

by Publisher
News   -   Dec 18, 2024 Council to Review GST on Health, Life Insurance Premiums; Food Delivered Via Apps May Cost More
Council to Review GST on Health, Life Insurance Premiums; Food Delivered Via Apps May Cost More

The fifty-fifth Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will discuss proposed tax changes for life and health insurance premiums, including GST exemptions for term life policies covering families and health insurance for senior citizens. The Council will also consider reducing the GST rate

by Publisher
Parliamentary Affairs   -   Dec 16, 2024 New Income-Tax Bill Unlikely to be Introduced in Parliament Budget Session
New Income-Tax Bill Unlikely to be Introduced in Parliament Budget Session

According to Business Standard, the Finance Ministry is set to delay the introduction of the new Income-Tax Bill, with the internal review committee under Chief Income-Tax Commissioner VK Gupta expected to submit its report before the FY26 Budget, after which the Bill will undergo drafting and scrutiny. Finance Minister Nirmala

by Daanish Narayan
News   -   Dec 10, 2024 Sanjay Malhotra to Take Over as RBI Governor Tomorrow
Sanjay Malhotra to Take Over   as RBI Governor Tomorrow

The Union government has appointed Indian Administrative Services (IAS) officer Sanjay Malhotra , 56, as the next governor of the Reserve Bank of India (RBI) for a three-year term, starting December 11. Malhotra, who is currently serving as the Secretary of the Department of Revenue, succeeds Shaktikanta Das, whose tenure ends

by Amal Anzari
News   -   Nov 25, 2024 Adani Group Assures Investors of Stability Amidst US Bribery Charges
Adani Group Assures Investors of Stability Amidst US Bribery Charges

On Monday, Adani Group reassured investors, showcasing cash reserves of ₹55,024 crore ($6.63 billion), sufficient to service debt obligations for 28 months, despite US bribery charges against founder Gautam Adani. The conglomerate plans $100 billion investments over a decade, with internal cash flows expected to cover ₹5.9

by Amal Anzari
News   -   Nov 12, 2024 Finance Minister to Hold GST Council, Budget Meetings on December 21-22
Finance Minister to Hold GST Council, Budget Meetings on December 21-22

Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on

by Amal Anzari
News   -   Nov 12, 2024 RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake
RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake

The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold

by Amal Anzari
Latest Articles 8 Articles
News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

by PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was

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