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SBI Research Advocates Separate PLI Scheme For MSMEs

08 Jul 2024 14:18 PM IST

Recognizing the pivotal role of MSMEs, SBI Research has called for a dedicated Production Linked Incentive (PLI) scheme tailored to their specific needs. Such a scheme could enhance their sectoral contributions and promote broader economic growth in industries like textiles, garments, food processing, electronics, and more. The PLI scheme has

Infosys Loses Key Executive: Hemant Lamba Resigns

08 Jul 2024 14:01 PM IST

Infosys, the Bengaluru-based IT giant, has announced the departure of Hemant Lamba, its Executive Vice President and Global Head of Strategic Sales. Lamba, a UK-based executive, had been with organization for over seven years before resigning recently. According to a filing with the Bombay Stock Exchange (BSE), Lamba tendered his

Ambani Wedding: BKC’s 5-Star Hotels Sold Out, Rates Soar To Nearly ₹1 Lakh A Night

08 Jul 2024 13:38 PM IST

The upcoming wedding of Mukesh Ambani’s son, Anant Ambani, and Radhika Merchant has created waves in Mumbai, significantly impacting hotel occupancy and prices in the city’s upscale Bandra-Kurla Complex (BKC). With festivities set to span July 12-14 at the Jio World Convention Centre in BKC, hotels are reporting full bookings

Tata-Owned Air India Welcomes Its First Narrow Body Aircraft

07 Jul 2024 19:11 PM IST

Indian airline Air India welcomes its first narrow-body aircraft in New Delhi. The Airbus A320 Neo identified as VT-RTN reached Indira Gandhi International Airport from airbus facility, which is located in Toulouse, France on Sunday. Watch The Video The sky’s new favourite has landed. Welcome home, VT-RTN. Video credits: @delhijets#FlyAI

Delhi & Mumbai Witness Surge In Housing Prices In 5 Years

07 Jul 2024 18:00 PM IST

The National Capital Region of Delhi and Mumbai Metropolitan Region (MMR) have witnessed a surge in housing prices in 5 years. Both the regions have increase of 49% increase in housing prices between first half (H1) of 2019 and H1 2024. Reveals ANAROCK Research data. As a result, there was

EPFO Introduces Updated Procedures For UAN Freeze, Defreeze

06 Jul 2024 18:33 PM IST

The Employees Provident Fund Organisation (EPFO) has introduced a new Standard Operating Procedure (SOP) for freezing and unfreezing accounts. According to the EPFO, accounts of individuals or establishments can be frozen for up to 30 days initially, with the possibility of extending this period by another 14 days. The organization

ITR Filing 2024: What Documents Are Required At The Time Of Filing An Income Tax Return?

06 Jul 2024 12:37 PM IST

Filing an Income Tax Return (ITR) is crucial for taxpayers to declare their earnings within the fiscal year spanning April 1 to March 31. While not mandatory for everyone, filing offers significant advantages such as tax refunds, loss carry-forwards, and proof of income. Essential Documents for ITR Filing: PAN and

Jethmalani Wants investigation Into Three Aspects Of The Adani-Hindenburg Case

05 Jul 2024 13:15 PM IST

Rajya Sabha’s Member of Parliament and senior advocate Mahesh Jethmalani has demanded transparency and accountability in the investigation of the Adani-Hindenburg case. On Thursday, Jethmalani made three critical demands for a thorough investigation into the allegations against the American financial research firm, Hindenburg Research, and its connections with foreign investor

Reliance to Launch Shein in India with Ex-Meta Director at Helm: Report

05 Jul 2024 12:51 PM IST

Mukesh Ambani’s Reliance Retail Ventures is set to launch the Chinese fast fashion brand Shein in the coming weeks. The products will be available both on Reliance’s app and in its physical stores, according to the sources. Reliance Industries, Ambani’s oil-to-telecom conglomerate, reportedly partnered with Shein last year. The company

Indian Banks Seek Extension From RBI For New Credit Card Payment Rules

05 Jul 2024 12:01 PM IST

In the world of banking, staying updated with regulatory changes is crucial. Recently, six prominent Indian banks, including HDFC Bank, Axis Bank, and Yes Bank, have sought extra time from the Reserve Bank of India (RBI) to comply with new payment processing rules. These changes involve the Bharat Bill Payment

Anant Ambani-Radhika Merchant Wedding: How Much Did The Ambanis Pay The Global Stars

05 Jul 2024 11:58 AM IST

When it comes to the Ambanis, grandeur is a given. The wedding of Anant Ambani and Radhika Merchant is scheduled for July 12. Prior to the main event, the Ambani family hosted two extravagant pre-wedding celebrations, featuring performances by several global artists. First Pre-Wedding Celebration The initial pre-wedding event took

AstraZeneca To Invest This Much In Its GITC Expansion In India, Check Figures

05 Jul 2024 11:53 AM IST

The GCC (Global capability center) of British-Swedish drugmaker AstraZeneca is set to invest Rs 250 crore ($30 million) in expanding its Global Innovation and Technology Centre (GITC) in Chennai. This expansion is set to generate 1,300 jobs, with special emphasis on innovation, efficiency enhancement, and streamlining of operations across the