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Showing posts from July, 2024

Adani Energy raises $1bn in share sale

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Duty on chemicals up from 10% to 150%; research labs lose work

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India's recent budget decision to increase customs duty on laboratory chemicals from 10% to 150% has impacted research centres and labs, significantly straining their financial resources. Academic institutes have seen a surge in costs, prompting calls for exemption from the new tax to avoid jeopardizing the country's research environment. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TqR2SW3

Ola Electric eyes Rs 6,000 crore in 1st auto IPO since Maruti

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Ola Electric's Rs 6,146-crore IPO, the largest this year, opened on Aug 2 and closed on Aug 6. The company sought to raise Rs 5,500 crore through a fresh share issuance, with the rest coming from existing shareholders. Despite a lower-than-expected valuation of $4 billion, founder Bhavish Aggarwal remains optimistic about the EV market's growth. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vVq0aBe

Digital push is driving out mid-level banking staff: RBI

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The digital era significantly altered the financial sector job landscape. Automation and AI-fueled digital channels have displaced mid-tier jobs, creating HR challenges. RBI highlighted the need for reskilling staff as AI skills gain importance. Despite increased digitalisation aiding affordable banking, there's concern over rising data breach costs and high turnover in private banks. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mJLdIVT

CrowdStrike outage: Fortune 500 companies lose $5.4 billion

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Banks told to speed up IBC resolutions

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The government monitored top 20 insolvency cases under Insolvency & Bankruptcy Code (IBC) due to slow action taken by banks. Following the intervention, movements in Jaiprakash Associates and Amtek Auto were observed. Bankers were found discussing loan settlements despite ongoing IBC issues. Finance Minister Nirmala Sitharaman reviewed multiple cases to expedite the process and improve debt recovery mechanisms. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/n0zSa39

IBPS Clerk Recruitment 2024: Extended registration window closes today for 6128 posts, direct link to apply

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IBPS concluded the application process for Clerical Cadre positions on July 28, following an extension from the initial deadline of July 21. The recruitment drive announced 6,128 vacancies. Applicants aged between 20 and 28 years had to undergo a Preliminary exam, Mains exam, and a language proficiency test. Applications were accepted on the official IBPS website. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/ECD5gLl

Married traders make more profit than single traders in Intraday trading: Sebi study

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NEET UG 2024 revised cut-offs announced for all categories: Drops by 2 points for UR candidates, counselling dates soon

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The National Testing Agency revised the NEET UG 2024 results on July 26th, following a Supreme Court directive. The updated results corrected a mistake in a Physics question. Revised scorecards and fresh merit lists were issued, along with new cut-offs for all categories. Notably, the cut-off for the unreserved category dropped by two points. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/1RqGWZd

Electric Mobility Promotion Scheme: Govt extends subsidy on two- and three-wheeler EVs until September 30

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Government to reassess interest of bidders in SCI, BEML, others

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Apple goes Pro in India by bringing in assembly of most-sophisticated iPhone models

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India's forex reserves jump $4 billion to record high of $670.857 billion: RBI

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India's foreign exchange reserves surged by $4 billion to reach $670.857 billion for the week ending on July 19, according to the Reserve Bank of India (RBI) on Friday. This rise follows an earlier jump of $9.699 billion, bringing the reserves to an all-time high of $666.854 billion for the week concluding on July 12. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/z9WEuRh

Mankind to acquire biotech co BSV from Advent for 13.6k crore

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Consumer reach points flat in 2023 at 115 billion: Kantar

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Vivad se Vishwas 2.0: Settlement made easy

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Finance ministry plugs under-reporting of income by overseas taxpayers

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Need for speed: Finance minister deploys Rs 2 lakh crore plans to employ, skill 4 crore

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In a clear recognition of the challenge of unemployment in a country with the world's largest young population, govt unveiled for four crore youths a Rs 2 lakh crore mega package of five schemes spread over a 5-year period to boost jobs, skilling and other opportunities. Three new schemes under the PM's package will incentivise first-time employees, providing one-month wage to new entrants in the workforce in all formal sectors, and also support employers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/E9jZsd2

Budget 2024: Formula one; focus now on getting jobs done

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The effect of 2024's Lok Sabha election results was writ large on the first Budget of Modi 3.0, with employment creation given pride of place and keeping allies happy too very much in focus. The fact that the Budget comes at a time when the govt’s finances are relatively comfortable meant that finance minister Nirmala Sitharaman could afford to address these concerns with targeted schemes while keeping the fiscal deficit under a tight leash relative to recent years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ABrsECY

Taxes: Change of track to bring some cheer, but cost others dear

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Sweeping changes in direct taxes gave the urban middle class plenty of reason to cheer, but also hit the wallets of others. The clear plus is in the form of an increase in standard deduction under the new regime for salaried employees from Rs 50,000 to Rs 75,000, which saves Rs 7,500 a year for those with annual incomes of Rs 10 lakh or more. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vDLmEhp

New Tax Regime 2023 vs 2024 After Budget: How Much Income Tax Will Salaried Taxpayers Save & How Do New Tax Slabs Compare To Old Regime? Top 10 Points You Must Know

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Mid and small-cap indices double since last Budget

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Income Tax Slabs 2024-25 Budget 2024 Live Updates: New income tax regime tweaks, standard deduction hike and income tax relief on the cards?

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Increase in derivatives trading driven by 'gambling instincts': Economic Survey 2023-24

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Import curbs hurt garment export growth: GTRI

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Banks rejig deposit plans as savers turn investors

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7th Budget: Striking a balance key challenge for Sitharaman

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Sitharaman's Budget balances spending, tax cuts, and fiscal path. Rs 2 lakh crore dividend aids solar scheme; funds needed for PM Modi's housing subsidy, Aayushman Bharat expansion. Modi 3.0 seeks job creation, private sector investment. BJP allies demand focus on women, farmers. Addresses leaks. 2047 target set, sector hand-holding stressed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4edyE2k

Budget 2024 Expectations Live Updates: Income Tax changes, record capex for roads and railways expected from FM Nirmala Sitharaman

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NEET-UG 2024: Revised Results Show No Candidate Scoring Above 682 in Haryana Centre

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Revised NEET-UG results reveal no candidate scored above 682 at a Haryana center. Allegations of mark inflation led to Supreme Court-ordered retest. NTA declares city-wise results with only 13 candidates scoring over 600 marks. Controversy surrounds grace marks and irregularities in exam conduct. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/5ydZwhF

Ensuring airline refunds are being taken care of: Aviation min

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Indian airport systems were restored post a 17-hour MS Windows outage. With 273 cancellations, flights dropped from 3,000 to 2,700. According to aviation ministry data, around 3,000 domestic flights operated Thursday, but this number fell to 2,700 Friday - a decrease of over 300 flights, with IndiGo alone cancelling 273 flights (about 14% of its daily operations). The on-time performance of domestic flights was affected Friday due to slower manual processes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q2sYXLM

Led by HDFC Bank, private lenders' net profit jumps on loan growth

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ESOPs to Sharma: Sebi issues notice to Paytm

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Sensex sheds over 700 pts as outage hits street sentiment

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IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore

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Hackers loot nearly Rs 2,000crore from crypto bourse WazirX

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IT stocks lift sensex above 81k for 1st time

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IDBI selloff: Ball in govt’s court after RBI’s ‘fit & proper’ report

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Salary hikes at IT cos drop to single digits

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SC upholds NPPA's Rs 4.6 crore penalty on Sun Pharma

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Sun Pharmaceutical Industries Ltd, the sixth-largest generic pharmaceutical manufacturer in the world, had questioned NPPA's demand notice of 2005 for payment of Rs 4.6 crore "to recover the higher price charged in relation to Roscilox, a brand of a Cloxacillin-based drug formulation, than that fixed by the govt under Drugs (Price Control) Order (DPCO)". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Iitbf92

Sebi proposes new asset class: MF-PMS hybrid

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Telecommunication companies urge for alignment with international standards

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No change in plan despite new UK government: Tata Steel

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Borrowers must get 21-day notice before fraud tag: RBI

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Increasing TDS/TCS entries irk taxpayers

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Covid-year job surge led by agriculture, construction: RBI

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33 major health insurers now on national claims exchange

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Offer tax deductions for skill development, proposes govt agency

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OSSC CHSL Admit Card 2024 out at ossc.gov.in, direct link to download here: Check exam pattern, selection process

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Download your OSSC CHSL admit card now at ossc.gov.in. For 673 vacancies, the exam is scheduled for July 21, 2024. Remember to carry your admit card and valid ID. The selection process includes Prelims, Mains, and Certificate Verification. The Prelims cover Arithmetic, Data Interpretation, etc., including General Mental Ability and Computer Awareness. Find full download instructions and avoid negative marking. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/JLMfmQr

JIPMAT Result 2024 declared at jipmat.nta.ac.in: Direct link to download scorecards

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NTA released JIPMAT 2024 results for the June 6 exam. 12,207 candidates participated and can access scorecards online. The CBT exam, featuring 100 questions, is vital for IIM Bodh Gaya and IIM Jammu admissions. Held at 101 centers in 73 cities, candidates could raise objections for Rs 200 per question regarding the final key. from Latest Education news - Board Exam Results, Admit Cards, Exam Paper Analysis and Question Papers | Times of India https://ift.tt/UcxQiZy

Direct tax collection till July 11 surges 23% to Rs 6.5 lakh crore

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