Mumbai, June 27 (PTI) The reverse merger between HDFC ,a significant player in the Home Finance industry ,and HDFC Bank ,a Banking affiliate ,is Anticipated to be finished by June 30 ,& the Merger would go into Effect on July 1 ,the Corporation Said late Tuesday night. “Almost all of the Necessary approvals have been […]
HDFC-HDFC Bank merger likely to be effective July 1 Read More »
Introduction Nandan Nilekani is an Indian entrepreneur, technocrat, and philanthropist renowned for his significant contributions to the field of information technology. Born on June 2, 1955, in Bangalore, India, Nilekani played a pivotal role in shaping the Indian IT industry and promoting digital transformation in the country. Infosys co-founder Nandan Nilekani gave his alma mater,
Nandan Nilekani’s: Donating Rs 315 Billion to IIT Bombay Read More »
The Enforcement Directorate (ED), a specialized financial investigation agency in India, has recently issued a show cause notice to top officials of Xiaomi India and three banks for their alleged violation of the Foreign Exchange Management Act (FEMA) amounting to ₹5,551 cr. This notice has raised significant concerns in the business and technology sectors as
ED Issues Show Cause Notice to Xiaomi India -FEMA Violation of ₹5,551 Cr. Read More »
Sources have indicated that the Gross Domestic Product (GDP) estimate for the fiscal year 2023, which will be announced during the Budget Session starting at 11 am, is expected to be in the range of 6 to 6.8%. Prior to Finance Minister Nirmala Sitharaman presenting the Economic Survey, the President of India, Droupadi Murmu, will
Budget 2023: Indian economy to grow at 6-6.8% in FY24 according to Economic Survey Read More »
According to former SEBI and LIC chairman G N Bajpai, the Indian economy is growing favourably and all structural reforms are now becoming available. “India will undoubtedly experience a recession, but only very minimally because our exports are not much impacted. Indian economy is majorly driven by domestic factors,” he addressed at the Business Today
India’s government has finalised a report that was submitted to the Financial Stability and Development Council (FSDC), so there should be clarity regarding the legality for cryptocurrencies in that country very soon. In the next Budget 2023–24, it is unlikely that the Center would declare its choice regarding the legitimacy of virtual digital assets. But
Numerous initiatives have been launched in the last few years to make aviation easy and hassle-free for passengers. The launch of the DigiYatra service on 1st December, 2022, is a step in this direction. The innovative programme attempts to improve and streamline travellers’ airport experiences. DigiYatra employs facial recognition technology to make terminal access and
DigiYatra- The Future of Air Travel Read More »
Market participants reported that local banks and insurance companies made up the majority of the buyers of India’s first sovereign green bond sale, with little interest from overseas investors. On Wednesday, New Delhi raised Rs 8,000 crore via green bonds. At a coupon rate of 7.10%, five basis points less than the sovereign yield for
India raises Rs 8,000 cr from the maiden green bond sale Read More »
On Monday, food delivery service Zomato denied media claims that Instant, its 10-minute meal delivery service, was being shut down. It was rumoured that Zomato is shuttering its 10-minute meal delivery service, “Zomato Instant,” less than a year after it launched in an effort to become profitable in the face of difficult market conditions. “Instant
‘Working on a new menu’: Zomato says it won’t shut its 10-minute food delivery service Read More »
According to two persons familiar with the proposal, India’s BPCL intends to shut down its 156,000 barrels per day (BPD) Bina refinery in central India for maintenance for nearly a month in June. According to the sources, the state-run refiner also intends to shut down half of its 240,000 BPD Mumbai refinery in western India
BPCL to shut down Bina refinery in June for maintenance AND inspection Read More »
