Category: Finance

Over 1500+ customers covering 3500+ pin codes across 49 cities in India through 16 Air and Ground Hubs Gurugram, 28 May 2024 – MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises, marks its two-year anniversary of facilitating movement of goods for businesses in India. Over the past two years, […]

Jana Small Finance Bank, one of India’s leading small finance bank, announced the launch of two new premium account offerings, Exclusive and Legend, designed to cater to the evolving needs of its diverse customer base. Exclusive, a premium banking program, is tailored to meet the Banking and lifestyle needs of affluent customers. Exclusive Program redefines […]

Wholesale inflation rose to a 13-month high of 1.26% in April compared with 0.53% in the previous month, as food inflation went up further and fuel and power prices increased on a year-on-year basis after a gap of 11 months. The year-on-year WPI (Wholesale Price Index) inflation hardened to a 13-month high of 1.3% in […]

The Reserve Bank of India and banks are looking to get beneficiaries of the Government’s direct benefit transfer (DBT) schemes to do their routine transactions on the Unified Payments Interface (UPI) platform, in a bid to make more people transact digitally instead of cash. The National Payments Corporation of India (NPCI), which runs UPI, is […]

Car sales in the local market rose 1.3% to 335,629 units last month. Automakers attributed the tepid pace of growth to tapering off of the post-pandemic pent-up demand that sustained for the last two financial years.  A high base due to the strong growth in the last two years weighed on the year-on-year comparison, resulting […]

Public sector banks’ cumulative profit crossed ₹1.4 lakh crore in the financial year ended March 2024, recording a growth of 35% over the previous year on a high base of ₹1 lakh crore. The 12 Public Sector Banks (PSBs) together had earned a net profit of₹1,04,649 crore in 2022-23. Out of the total profit of […]

U.S. President Joe Biden on Tuesday unveiled a bundle of steep tariff increases on an array of Chinese imports, including electric vehicle (EV) batteries, computer chips and medical products, risking an election-year standoff with Beijing in a bid to woo voters, who give his economic policies low marks. Biden will keep tariffs put in place […]

The Finance minister Nirmala Sitharaman said on Tuesday that Prime Minister Narendra Modi’s likely third term will be marked by “more governance and less government”, with a continued thrust on an investment-led and inclusive growth strategy, and welfarism that seeks to uplift the poor. It will also be marked by policies for “greater foreign direct investment […]

To regulate the public offers of small and medium enterprises (SMEs), SEBI along with market exchanges has decided to switch on the screw. The move is in response to concerns over misuse of a dedicated listing platform started in 2012 that was meant to ease small businesses’ access capital markets. The regulator may consider raising […]

Rerefer to the CBIC Circular No. 204/16/2023-GST dated October 27, 2023 on the issues pertaining to taxability of personal guarantee and corporate guarantee and whether it is applicable for such guarantees given before the date of the circular. The circulars only clarify or convey the understanding of the CBIC about the existing legal position. So, they […]