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Business
Post Office Employees Impersonate Authorized Staff in Rs 36.4 Lakh Fraud Involving Fake NSCs and Term Deposits
In a significant ruling, the Madhya Pradesh High Court has ordered the India Post Office to compensate depositors who were victims of a fraud at the Bina branch. The scam…
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Business
Sitharaman Addresses FPIs’ Concerns Regarding Equity Taxation
NEW DELHI: Finance Minister Nirmala Sitharaman announced on Monday that the government will address concerns from foreign portfolio investors (FPIs) regarding India’s capital gains tax structure. This comes amid increasing…
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Business
Sensex Soars 1,200 Points Fueled by Reliance Industries’ Strong Performance
Reliance Industries’ shares surged nearly 12% following the announcement of strong Q2 results, adding a record Rs 1.8 lakh crore to its market capitalization. This surge propelled the Sensex to…
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Business
Darius Khambata Announces Departure from Tata Trusts, Emphasizes Cost of Independence
Darius Khambata, a key ally of Tata Trusts chairman Noel Tata, will step down from the Sir Dorabji Tata Trust (SDTT) and Sir Ratan Tata Trust (SRTT) when his term…
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Business
FM Nirmala Sitharaman Advocates for Amicable Internal Resolution in Tata Dispute
MUMBAI: Finance Minister Nirmala Sitharaman emphasized the need for an amicable resolution to the ongoing dispute between Tata Trusts and Tata Sons. She described the Tata conglomerate as a vital…
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Business
Finance Minister Nirmala Sitharaman Acknowledges Concerns in Equity Markets
MUMBAI: Finance Minister Nirmala Sitharaman has indicated that the government is open to providing policy support for the equity market, acknowledging concerns from retail investors and market participants. This comes…
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Business
Impact of US Midterm Elections: Implications of a Democratic Victory on India’s Trade Relations
The upcoming midterm elections in the United States on November 3 are generating significant interest in India, particularly regarding their potential impact on trade relations and business conditions. The election…
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Business
Government Mandates Name Display for Unknown Calls: Key Changes Effective November 1
Telecom operators in India will begin implementing Calling Name Presentation (CNAP) from November 1, 2023. This new feature will display the caller’s name on the recipient’s phone screen, changing how…
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Business
Nifty50 Experiences Toughest Year in Ten Years: Can November Revitalize Dalal Street?
NEW DELHI: Indian equities faced a challenging October, with the NSE Nifty50 index experiencing significant losses. The index has dropped approximately 13% this year, potentially marking its worst annual performance…
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Business
Binance Allocates $6.34 Billion to Offset Hack Losses, Ensuring Users Remain Unaffected
After a significant security breach, Binance has allocated over $6.34 billion to cover losses from a recent crypto theft. The exchange has assured users that they will not bear any…
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Business
Online Shoppers Spend Significantly More Than In-Store Buyers
NEW DELHI: Indian households utilizing e-commerce apps are experiencing a notable increase in their monthly spending. According to a report by SBI Research, these households spend 7.5% more than those…
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Business
Tata Sons Dispute: Chairman Tuhin Kanta Pandey Confirms SEBI’s Oversight on Developments
NEW DELHI: The Securities and Exchange Board of India (SEBI) is closely monitoring governance issues at Tata Sons, the holding company of the Tata Group. Chairman Tuhin Kanta Pandey stated…
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Business
Online vs Branch Account Opening: Which Is the Easier Way to Open a Zero Balance Account?
Opening a bank account is easier than ever, with banks offering both digital applications and in-person assistance. But which option is better if you want a zero-balance account? The answer…
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Business
Reliance Industries Limited Reports Record Quarterly Profit of Rs 29,550 Crore in Q2
NEW DELHI: Reliance Industries Limited (RIL) achieved its highest-ever quarterly consolidated gross revenue in the July-September quarter of FY27, reporting a 27.8% year-on-year increase to Rs 3,62,268 crore. The company’s…
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Business
Big Tech’s AI Investment Surge Threatens Over $2 Trillion in Nasdaq Market Value
Over $2 trillion in market value is at risk for the Nasdaq 100 this month as investors express doubts about the rapid returns on substantial AI investments. The index has…
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