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Employment growth in corporate sector declined to 1.5% in FY24: BoB report

Employment growth in corporate sector declined to 1.5% in FY24: BoB report

August 22, 2024 03:16 IST

Based on data reported in the balance sheets of a sample of 1,196 companies, the employment growth declined to 1.5 per cent in FY24 as compared with 5.7 per cent in FY23, according to a Bank of Baroda report.

NCLT okays ICICI Securities delisting, shares plunge 7.44%

NCLT okays ICICI Securities delisting, shares plunge 7.44%

August 22, 2024 02:08 IST

Shares of ICICI Securities, which went public with an initial public offering (IPO) in April 2018, fell by 7.44 per cent to Rs 785.95 on the exchanges on Wednesday.

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

August 21, 2024 21:28 IST

Entertainment ticketing business, including movies, sports, and events, will be available on the Paytm app during a transition period of up to 12 months, it said.

India-Africa partnership a catalyst for accelerated global rebalancing, strengthening of the Global South

India-Africa partnership a catalyst for accelerated global rebalancing, strengthening of the Global South

August 21, 2024 17:59 IST

India has never believed in expansion: Dhankhar at Africa Summit.

Commerce Minister blames e-tailers for predatory pricing, warns of social disruption

Commerce Minister blames e-tailers for predatory pricing, warns of social disruption

August 22, 2024 07:19 IST

Cites Amazon, points to Rs 6,000 crore loss as a sign of predatory pricing

OTTs under Telecom Act: Despite govtā€™s denial, telcos have a different view

OTTs under Telecom Act: Despite govtā€™s denial, telcos have a different viewSubscriber Only

August 22, 2024 06:56 IST

In its submission to the TRAIā€™s consultation paper on service authorisations, the Cellular Operators Association of India (COAI), which represents the three telecom companies Jio, Airtel and Vi, said: ā€œAs per our understanding, OTT Communication services are covered under the new Telecom Act as an access serviceā€¦ "

RBI Governor ranked among top 3 global central bankers; Modi lauds Shaktikanta Das

RBI Governor ranked among top 3 global central bankers; Modi lauds Shaktikanta Das

August 21, 2024 11:45 IST

Prime Minister Narendra Modi congratulated Das in a post on X. "This is a recognition of his leadership at the RBI and his work towards ensuring economic growth and stability," Modi said.

Broad definitions in Telecom Act pit telcos and OTTs against each other yet again

Broad definitions in Telecom Act pit telcos and OTTs against each other yet again

August 21, 2024 07:47 IST

Telcos, OTTs differ on what a telecom service is

Sebi proposes review of rights issue norms

Sebi proposes review of rights issue norms

August 21, 2024 04:42 IST

SEBI has sought public comments till September 10 on the proposals.

Mobile banking has made credit disbursement fast, but deposit mobilisation still a physical activity: Das

Mobile banking has made credit disbursement fast, but deposit mobilisation still a physical activity: Das

August 21, 2024 07:32 IST

Reserve Bank of India Governor Shaktikanta Das said young Indians are aspirational and there is nothing wrong in it.

Outward remittances under LRS drop 44% in June on global headwinds, TCS

Outward remittances under LRS drop 44% in June on global headwinds, TCS

August 21, 2024 07:36 IST

TCS is not an additional tax liability as people can claim a refund while filing income tax returns. As per the TCS rates under LRS brought in the 2023-24 Budget, overseas tour packages attract TCS of 20 per cent.

Sensex rebounds 370 points; bank, finance stocks spurt

Sensex rebounds 370 points; bank, finance stocks spurt

August 20, 2024 18:23 IST

Global oil benchmark Brent crude dipped 0.72 per cent to USD 77.10 a barrel.

Dual-use goods: US alerts Indian companies on export of defence tech to Russia

Dual-use goods: US alerts Indian companies on export of defence tech to Russia

August 20, 2024 16:18 IST

This follows reports of sanctions on Bengaluru-based Si2 Microsystems in November last year for its alleged role in supplying dual-use technology to Russia.

Cautious monetary policy needed if food price pressures continue: RBI

Cautious monetary policy needed if food price pressures continue: RBI

August 20, 2024 07:13 IST

The report, titled ā€˜Are food prices spilling overā€™, said the conventional treatment of food price perturbations as transitory in the setting of monetary policy is increasingly becoming untenable.

FM Nirmala Sitharaman meets heads of PSBs, asks banks to launch special drives to mobilise deposits

FM Nirmala Sitharaman meets heads of PSBs, asks banks to launch special drives to mobilise deposits

August 20, 2024 04:30 IST

Banks were also instructed to focus on further increasing credit flow to eligible beneficiaries under various government initiatives like PM Surya Ghar Muft Bijli Yojana and PM Vishwakarma Yojana.

Pronounced income gaps evident in case of stigmatised-caste business owners: new study

Pronounced income gaps evident in case of stigmatised-caste business owners: new study

August 20, 2024 08:03 IST

There is a high income gap for stigmitased groups and instead of getting reduced, this gap increases at higher levels of social capital.

Data protection rules to be released in a month: Vaishnaw

Data protection rules to be released in a month: Vaishnaw

August 20, 2024 04:26 IST

Union IT minister said the final draft of the rules was reviewed last week, and it is expected to be in the public domain within a month.

FPI strategy: Sell in stock market and buy through IPO route

FPI strategy: Sell in stock market and buy through IPO route

August 19, 2024 06:01 IST

FPIs sold equity for Rs 28,976 crore through the exchange even while investing Rs 11,483 crore through the primary market category in the month of August so far.

BPCL to invest Rs 1.7 lakh crore in next 5 years

BPCL to invest Rs 1.7 lakh crore in next 5 years

August 19, 2024 04:45 IST

BPCL has launched 'Project Aspire', a five-year strategic framework with a planned capital expenditure of Rs 1.7 lakh crore.

Sustainability standards to shape future of global trade; must take seriously: Welspun Living CEO & MD

Sustainability standards to shape future of global trade; must take seriously: Welspun Living CEO & MDSubscriber Only

August 19, 2024 18:40 IST

India is primarily a cotton-growing country, focused on natural fibres and accounts for nearly 7 per cent of the global home textiles trade, with a significant share of exports to the United States.

Rising demand, stagnant output pushes oil import dependency beyond 88% in April-July

Rising demand, stagnant output pushes oil import dependency beyond 88% in April-July

August 19, 2024 06:01 IST

Total production of petroleum products from domestic crude oil was 9.5 million tonnes in April-July, which means that the extent of Indiaā€™s self-sufficiency in crude oil was just 11.7 per cent, down from 12.2 per cent in the corresponding period a year ago.

India needs more reforms; fewer GST rates will raise revenue: IMFā€™s Gopinath

India needs more reforms; fewer GST rates will raise revenue: IMFā€™s Gopinath

August 18, 2024 07:55 IST

Gopinath said money from international institutions or multilateral development banks are going to be a fraction of the spending that is needed and so countries would need to rely on domestic resource mobilisation.

China dominates supply of electronic components for ā€˜made in Indiaā€™ products

China dominates supply of electronic components for ā€˜made in Indiaā€™ productsSubscriber Only

August 18, 2024 20:33 IST

In the last five years, electronics imports from China and Hong Kong have far outnumbered imports from other major manufacturing hubs like South Korea, Japan, Taiwan, and all ASEAN countries, combined.

Banks woo depositors with special schemes amid contest with markets

Banks woo depositors with special schemes amid contest with markets

August 18, 2024 07:17 IST

According to bank officials, current and savings bank (CASA) deposits declined during the quarter. SBIā€™s CASA deposits fell to Rs 19.41 lakh crore from Rs 19.14 lakh crore in March 2024.

Foxconn chief defends hiring practices after report married women rejected in India

Foxconn chief defends hiring practices after report married women rejected in India

August 17, 2024 22:42 IST

"Foxconn hires regardless of gender, but women make up a big part of our workforce here," Young Liu said during the opening ceremony for a hostel complex for its workers near Chennai in the southern Indian state of Tamil Nadu.

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