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India's foreign assets increased more than liabilities in 2023-24: RBI data

Published on Jun 25, 2024 10:25 PM IST

India increased its overseas assets more than it increased its foreign liabilities, largely propelled by a rise in reserve assets.

India increased its overseas assets more than it increased its foreign liabilities, largely due to a rise in reserve assets. (HT PHOTO)
By | Edited by Abhyjith K. Ashokan

India must focus on cutting inflation to 4%, says RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das said despite inflation having moderated in May, any severe weather-related shock, could push inflation back above 5%.

Reserve Bank of India (RBI) Governor Shaktikanta Das (AP)
Published on Jun 25, 2024 09:33 PM IST
Reuters |

Budget 2024: Govt may decriminalise over 100 provisions for ease of business

Decriminalising certain provisions can reduce the burden on courts which are already filled with minor offence cases.

Budget 2024: Union finance minister Nirmala Sitharaman addresses a press conference after the 53rd GST Council Meeting, at the National Media Center in New Delhi.
Published on Jun 25, 2024 09:18 PM IST
By | Edited by Abhyjith K. Ashokan

Water crisis creates risk to India’s credit strength: Moody’s report

Strong economic growth, coupled with rapid industrialization and urbanization, are reducing the availability of water in India.

People gather near a water tanker to fill water as the water crisis continues in the National Capital, at Sanjay Colony, Okhla, in New Delhi on Saturday (ANI)
Published on Jun 25, 2024 08:50 PM IST
By | Edited by Abhyjith K. Ashokan

Adani to invest 2 lakh crore for increasing renewable energy capacity by 2030

The Adani group currently has over 10 GW of capacity to generate electricity from renewable sources like sunlight & wind power and looks to reach 50 GW by 2030.

Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration (Dado Ruvic/Reuters)
Published on Jun 25, 2024 06:56 PM IST
PTI |

Nearly half of India's working professionals want to switch jobs this year: PwC

More employees worldwide say they’re extremely likely to switch jobs in the next 12 months than the ‘great resignation’ in 2022

More employees worldwide are likely to resign or switch jobs compared to the great resignation of 2022
Published on Jun 25, 2024 06:07 PM IST

India plans to expand production-linked incentives for small textile firms: minister

INDIA-ECONOMY-TEXTILES:India plans to expand production-linked incentives for small textile firms: minister

India plans to expand production-linked incentives for small textile firms: minister
Updated on Jun 25, 2024 05:12 PM IST
Reuters |

India plans to expand production-linked incentives for small textile firms: minister

INDIA-ECONOMY/TEXTILES (PIX):India plans to expand production-linked incentives for small textile firms: minister

India plans to expand production-linked incentives for small textile firms: minister
Published on Jun 25, 2024 05:11 PM IST
Reuters |

Rising domestic solar cell production will curb imports from China

India expects a surge in domestic solar cell-making capacity, which will help reduce its dependence on China for materials to manufacture solar panels.

A private security guard walks between rows of photovoltaic solar panels inside a solar power plant at Raisan village near Gandhinagar, Gujarat (Amit Dave/Reuters)
Published on Jun 25, 2024 04:52 PM IST
Bloomberg |

Indians report nearly 800 online financial fraud cases a day, are you protected?

Online financial fraud cases in India worth above ₹1 lakh each, add up to ₹1,457 crore in total value, with a further ₹653 crore with the others included.

India sees nearly 800 financial fraud cases every day (iStock)
Published on Jun 25, 2024 03:46 PM IST
By | Edited by Abhyjith K. Ashokan

Sensex, Nifty hit new all-time high levels

The Nifty went up by 130.8 points to hit a new record high of 23,668.65.

The 30-share BSE Sensex climbed 541.25 points to hit a fresh lifetime peak of 77,882.33 during the afternoon trade.
Updated on Jun 25, 2024 01:37 PM IST
PTI |

Flipkart tried to buy stake in Swiggy to compete against Zepto, Blinkit: Report

Flipkart was interested in acquiring a stake in Swiggy to take on q-commerce players Zepto & Blinkit, but the talks fell through over valuation disagreements.

The deal was to enable Flipkart to compete in quick commerce and for Swiggy to compete with larger rival Zomato
Published on Jun 25, 2024 12:59 PM IST
By | Edited by Abhyjith K. Ashokan

Budget 2024: Higher standard deduction limit possible under new tax regime

Most parts of the government seem to favour concessions, especially for the middle class, which supports the Modi regime, but now questions the returns it gets.

Representational
Published on Jun 25, 2024 11:13 AM IST
By | Edited by Abhyjith K. Ashokan

Kiran Mazumdar-Shaw spotted at Sidhartha Mallya and Jasmine's UK wedding

Biocon chief Kiran Mazumdar-Shaw attended the wedding of Vijay Mallya's son, Sidhartha Mallya, in UK.

Kiran Mazumdar-Shaw was photographed at Sidhartha Mallya's lavish wedding.
Updated on Jun 25, 2024 10:40 AM IST
BySanya Jain

India to auction 96,318 crore telecom spectrum on Tuesday

All unsold spectrums from the last sale will be up for bidding again, with 800, 900, 1800, 2100, 2300, 2500, 3300 MHz and 26 GHz bands covering a large chunk.

Representational (Bloomberg)
Published on Jun 24, 2024 09:23 PM IST
By | Edited by Abhyjith K. Ashokan

JPMorgan India bank CEO Prabdev Singh quits before end of term

Prabdev Singh had received regulatory approval in January 2023 for a three-year term as CEO of JPMorgan Chase Bank India.

The JP Morgan sign is pictured at its office.(Reuters)
Published on Jun 24, 2024 09:10 PM IST
Bloomberg |

Wall Street update: Nvidia stock slides over 5% on profit taking, drags Nasdaq

The S&P 500 was 0.2% higher in morning trading and nearing its record set last week.

The torrid rally in Nvidia and other artificial intelligence-linked equities took a pause leaving the tech-centered Nasdaq lower following seven straight records.(AFP)
Published on Jun 24, 2024 09:01 PM IST
AP |

Amara Raja signs agreement with GIB EnergyX for lithium-ion battery technology

Amara Raja holding a 35% market share of India's battery manufacturing, signs lithium-ion battery technology pact.

Representational
Published on Jun 24, 2024 08:55 PM IST
PTI |

Over 80% of working professionals plan to upskill this year: Report

The intent to upskill this year was highest among professionals from manufacturing, engineering, capital goods, and BFSI.

Representational (Getty Images/iStockphoto)
Published on Jun 24, 2024 08:36 PM IST
By | Edited by Abhyjith K. Ashokan

Raghuram Rajan warns of fake videos of him: ‘I do not give investment advice’

Raghuram Rajan, the 23rd governor of the RBI and distinguished professor at the University of Chicago Booth School of Business warned of fake videos of him.

Former Governor of Reserve Bank Of India (RBI) Raghuram Rajan (Mohd Zakir/HT)
Updated on Jun 24, 2024 09:01 PM IST
By | Edited by Abhyjith K. Ashokan

What is at stake for China-founded e-commerce giant Shein as EU rule looms

SHEIN-IPO/TECH (CORRECTED, EXPLAINER, PIX):REFILE-EXPLAINER-What is at stake for China-founded

What is at stake for China-founded e-commerce giant Shein as EU rule looms
Updated on Jun 24, 2024 07:44 PM IST
Reuters |

India's top aircraft repair & maintenance company to hold meet on pending salary

A joint forum of various unions & associations representing the company's permanent engineers has flagged concerns about long-pending revised salary payments.

AIESL is a public sector undertaking (PSU) of the govt. (Representational)
Published on Jun 24, 2024 07:44 PM IST
PTI |

Airtel in talks to buy 3% more stake in Indus Towers and merge it with Nxtra

The telecom sector is looking at a series of tariff hikes and Indus Towers being India’s largest tower infrastructure provider is a big beneficiary.

A Bharti Airtel office building is pictured in Gurugram on the outskirts of New Delhi (Reuters)
Published on Jun 24, 2024 07:20 PM IST
By | Edited by Abhyjith K. Ashokan

AI companies race to adapt chatbots to India’s many languages

Microsoft, Google, & startups like Silicon Valley-backed Sarvam AI and Krutrim, are working on AI voice assistants & chatbots in languages like Hindi & Tamil.

Artificial Intelligence words are seen in this illustration (Reuters)
Published on Jun 24, 2024 06:02 PM IST
By | Edited by Abhyjith K. Ashokan

Will make Zepto a $50 billion Indian company: Co-founder Aadit Palicha

Zepto aims a $50 billion valuation after raising $665 million from new investors including private equity firm Avenir, venture capital firm Lightspeed, & Avra.

Zepto's co-founders Kaivalya Vohra and Aadit Palicha
Published on Jun 24, 2024 04:21 PM IST
By | Edited by Abhyjith K. Ashokan

Raghuram Rajan on fake videos in his name on investments: ‘Please disregard…’

Raghuram Rajan, former Governor of the Reserve Bank of India, urged people to not fall for the videos circulating in his name on investments.

Raghuram Rajan served as the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016.(Reuters photo)
Updated on Jun 24, 2024 04:13 PM IST

Falcon Technoprojects IPO allotment to be finalised today: Steps to check status

For those who have been allotted the shares, you will receive them in your demat accounts on June 25.

The listing date for Falcon Technoprojects IPO is scheduled for June 26. If you have applied for the IPO, you can check the allotment status online on the website of the IPO registrar, Kfin Technologies Ltd.
Published on Jun 24, 2024 03:19 PM IST

Eight cars Elon Musk has owned that are not Teslas: One went to space

The CEO of Tesla owns, or has owned a series of cars that are not Teslas, despite building the fastest growing electric car company in the world.

Elon Musk speaks during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China (Reuters)
Published on Jun 24, 2024 02:55 PM IST
By | Edited by Abhyjith K. Ashokan

Akme Fintrade India IPO allotment: How to check application status

Akme Fintrade India IPO received bumper response as it opened for bidding on June 19 and closed on June 21. The price band of the IPO is ₹114-120 per share.

Akme Fintrade India IPO allotment: For those who have applied for the IPO, you can check the allotment status online.
Published on Jun 24, 2024 02:53 PM IST

Karan and Jeet Adani wish Gautam Adani on birthday: ‘Each day spent with you…'

Billionaire Gautam Adani turned 62 on Monday. His sons, Karan Adani and Jeet Adani, shared birthday wishes for their father.

Gautam Adani has two sons, Karan Adani and Jeet Adani.(X/@jeet_adani1 and @AdaniKaran)
Updated on Jun 24, 2024 03:03 PM IST
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