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Sops Announced By States May Divert Resources Away From Infra Development: RBI Article
Mumbai: Sops announced by several states in their 2024-25 Budgets may divert resources away from critical social and economic infrastructure development, an RBI article said on Tuesday.
The gross fiscal deficit as per cent of budget estimate moderated in April-September... 
Honda Shares Soar 16% After Buyback Announcement
Tokyo, Japan: Honda shares soared more than 16 per cent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day.
The buyback announcement came as Honda and its struggling... 
Nissan And Honda To Attempt A Merger That Would Create The World's No. 3 Automaker
Tokyo: Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.
The two companies said... 
Markets Turn Volatile Amid Unabated Foreign Fund Outflows, Mixed Trends From Asian Peers
Mumbai: Equity benchmark indices began the day on an optimistic note on Tuesday but soon turned volatile amid unabated foreign fund outflows and mixed trends from Asian markets. The 30-share BSE benchmark Sensex climbed 192.03 points to 78,732.20 in
However,... 
GST Council To Decide On Cutting Taxes On Insurance Premium, Rate Rejig On Host Of Items
Jaisalmer: The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wristwatches, shoes and apparel, besides considering a separate 35 per cent
The... 
EPFO extends deadline for employers to upload pending pension applications
EPFO pension: The Employees’ Provident Fund Organisation (EPFO) has extended the deadline till January 31, 2025, for employers to upload wage details, etc regarding 3.1 lakh pending applications for pension on higher wages. According to the Ministry of Ministry of... 
Five Of Top-10 Most Valued Firms Together Add Rs 1.13 Lakh Cr In Market Valuation; Airtel Shines
New Delhi: Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show.
While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were... 
Markets To Be Guided By US Fed Interest Rate Decision, WPI Inflation, Global Trends: Analysts
New Delhi: The US Fed interest rate decision, inflation data and FIIs are the key factors that are expected to drive stock markets this week, analysts said. Also, global trends will also be tracked by investors for further cues, they... 
India's Forex Reserves Drop By USD 3.23 Billion To USD 654.85 Billion
Mumbai: India's forex reserves dropped by USD 3.235 billion to USD 654.857 billion for the week ended December 6, the RBI said on Friday. In the previous reporting week, the reserves had increased by USD 1.51 billion to USD
The... 
EPFO Members May Soon Withdraw PF Claims Through ATMs
New Delhi: Members of the retirement fund body EPFO may soon be able to withdraw their provident fund (PF) money directly from ATMs after the settlement.
Currently, subscribers of the Employees' Provident Fund Organisation (EPFO) have to wait for 7-10... 
