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CapitaLand Announces Major India Investment Ahead of PM Modi’s Visit

04 Sep 2024 15:02 PM IST

Singapore’s CapitaLand Investment announced on Wednesday its ambitious goal to more than double its funds under management (FUM) in India by 2028. As of June 30, the company managed S$7.4 billion ($5.66 billion) in funds in India. The announcement coincided with Prime Minister Narendra Modi‘s arrival in Singapore later that

Anand Mahindra Sets the Record Straight on Luxury Car Claims

04 Sep 2024 09:54 AM IST

Industrialist Anand Mahindra has clarified the types of vehicles he owns, dispelling rumors that he drives foreign luxury cars. This response came after a false story circulated, claiming that Mahindra owned high-end cars like a Ferrari, Porsche, and Mercedes-Benz. Mahindra, a strong supporter of the “Make in India” initiative, affirmed

India Losing Manufacturing Edge To Rivals like Bangladesh, Vietnam: World Bank

03 Sep 2024 22:20 PM IST

India is losing its manufacturing edge to smaller rivals like Bangladesh and Vietnam, according to a World Bank report. The decline in India's global trade share raises concerns over its future as a manufacturing hub.

New PPF Rules 2024: 3 Major Changes Coming On October 1

03 Sep 2024 19:59 PM IST

The new rules also address the issue of individuals holding multiple PPF accounts. Investors can regularize two accounts, choosing one as the primary account, which will earn the scheme's prevailing interest rate as long as the annual deposit limit is not exceeded.

World Bank Revises India’s FY25 Growth Rate To 7% From 6.6%

03 Sep 2024 16:57 PM IST

Looking ahead, the World Bank anticipates that India’s growth will remain positive in the medium term, with strong projections for FY26 and FY27. Kouame emphasized the importance of diversifying India’s export basket and leveraging global value chains to meet the ambitious target of $1 trillion in merchandise exports by 2030.

Saudi Arabia Expected to Cut Crude Prices for Asia in October Due to Falling Dubai Benchmark

03 Sep 2024 11:57 AM IST

Saudi Arabia, the world's top oil exporter, is expected to reduce prices for most of its crude grades sold to Asia in October, following a decline in the Middle East's Dubai benchmark last month, according to industry sources.

Sensex Hits 82,600, Nifty Surpasses 25,300 as Markets Reach New Records

02 Sep 2024 11:47 AM IST

Benchmark equity indices Sensex and Nifty reached new all-time highs in early trading today, following positive regional trends and encouraging US economic data that alleviated growth concerns. Investors are also awaiting domestic quarterly growth figures. In early trade, the NSE Nifty 50 index climbed to 25,333.28, and the S&P BSE

SBI Launches New FASTag Design for Improved Toll Collection and Faster Commutes

02 Sep 2024 08:49 AM IST

SBI has introduced a new and improved design for its FASTag device for Vehicle Class 4, which includes cars, jeeps, and vans. This new design aims to enhance vehicle identification and streamline toll collection, ultimately reducing travel times for commuters. Alongside the revamped FASTag, SBI also launched the MTS RuPay

Central Govt Employees May Receive 3-4% DA Hike As Per 7th Pay Commission | Details

01 Sep 2024 13:16 PM IST

Following the Unified Pension Scheme (UPS), central government employees are set to receive another boost this month with an increase in dearness allowance (DA). Reports indicate that the government is expected to announce a 3-4 percent DA hike in the third week of September 2024.

RBI Introduces UPI Cash Deposits At ATMs, No Debit Card Needed

31 Aug 2024 15:14 PM IST

The Reserve Bank of India (RBI) has introduced a new feature allowing cash deposits at ATMs via Unified Payments Interface (UPI), eliminating the need for physical debit cards.

SBI Suggests Revising Full-Year GDP Growth Downwards to 7% After Q1 FY25 Records 6.7% Growth

31 Aug 2024 09:40 AM IST

According to a recent State Bank of India (SBI) report, India’s GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) has moderated but remains higher than the average decadal growth for Q1, which stands at 6.4 per cent. Official data from the Ministry of Statistics and

Key Financial Changes From September: Free Aadhaar Card Update, Fuel Prices And More

31 Aug 2024 01:06 AM IST

September 2024 brings significant financial changes, including free Aadhaar updates, new credit card rules, and stricter measures against fraudulent calls.