Airfares surge! Travellers preparing to take domestic flights this summer will need to budget more as airfares have spiked by 20-25 per cent due to Vistara flight cancellations and high air travel demand. Industry experts have noted that the airline sector is facing challenges in meeting the surge in demand, leading to the use of…
NEW DELHI: Paytm Payments Bank’s managing director and CEO Surinder Chawla resigned from the company, as per a regulatory filing on Tuesday. Chawla’s resignation coincides with Paytm Payments Bank facing regulatory action from the RBI.In a regulatory filing, Paytm’s brand owner One97 Communications said, “Surinder Chawla, Managing Director and CEO of PPBL has tendered his…
Gold rate today: Gold prices reached a new all-time high of Rs 71,150 per 10 grams on the MCX on Tuesday, following international price trends. By 10 AM, June gold futures were trading at Rs 71,130, up by Rs 218 or 0.31% from Monday’s close.According to ET, simultaneously, the May silver contract experienced a slight…
India’s local manufacturing of electronics is expanding every year, with a significant decrease in imports of key components such as mechanics, vibrator motors, charger adapters, and plastic parts. According to commerce ministry data, imports of fully assembled electronics like smartphones dropped by 40% in the period from April to January FY 2023-24.The growth in local…
HRA claims relief: The Central Board of Direct Taxes (CBDT) has clarified that there is no special drive to reopen cases related to House Rent Allowance (HRA) claims. The income tax department stated that there is no ongoing special drive to review mismatch cases. Concerns have emerged about potential retrospective taxation and reopening cases related…
New 24-hour Indian Railways train ticket refund scheme, Vande Bharat sleeper, launch of final stretch of the Udhampur-Srinagar-Baramula Rail Link project, a “super app” for railway passengers and the India’s first vertical lift railway bridge – these are just some of the things that the Ministry of Railways is proposing as part of its 100-day…
NEW DELHI: Skoda Volkswagen India has said that govt should reserve 5% GST benefit only for electric vehicles (EVs) that are under four-metres in length because supporting bigger and expensive cars will put pressure on the exchequer and finances. Skoda Volkswagen India said govt should focus on smaller-sized vehicles for giving out subsidies to make…
MUMBAI: RBI governor Shaktikanta Das has urged banks to increase their involvement in the rupee derivatives market, both domestically and internationally, and to ensure that retail customers are not disadvantaged in the foreign exchange market. He also called on banks to stop providing services to unauthorised forex platforms.“Although banks and other market participants have made…
MUMBAI: Precious metals are having a golden run. Gold prices on Monday jumped by over Rs 1,500 to record Rs 71,100/10gm crossing the Rs 70,000-milestone for the first time amid heightened geopolitical risks and aggressive buying by central banks. Silver, too, joined the party, crossing the Rs 80,000/kg-level for the first time as prices jumped…
MUMBAI: Tata Electronics is in an advanced stage to take control of Taiwanese company Pegatron‘s India unit as it looks to expand its electronics manufacturing business and strengthen its relationship with Silicon Valley tech heavyweight customer Apple. The deal, if concluded, will be Tata Electronics’ second acquisition after Wistron InfoComm Manufacturing (India).A Tata Group source…
