This is an AI-generated image, used for representational purposes only. Motilal Oswal Financial Services has given a ‘buy’ recommendation on Metro Brands with a target price of Rs 1,460 (+18%). Analysts believe the company, one of the leading players in the sports and athleisure segment, has a strong runway for growth, funded through internal accruals,…
The Income-Tax Department announced an extension for the deadline for filing belated or revised income tax returns for the fiscal year 2023-24 to 15th January 2025. Previously, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.The department made this announcement in a post…
NEW DELHI: As 2024 draws to an end, India’s economy continues to display its resilience, with the IPO market achieving a historic milestone, raising a record Rs 1.6 lakh crore through 90 maiden public issues. Favorable market conditions, regulatory improvements, and robust economic growth fueled this surge.The IPO pipeline for 2025 is anticipated to surpass…
Citi has put a ‘buy’ recommendation on Vodafone Idea after the recent govt decision to waive off the bank guarantee requirement for spectrum acquired in past auctions. It has a price target of Rs 13 (+67%).BofA Securities has reiterated its ‘underperform’ rating on Indiamart Intermesh with a cut in target price to Rs 2,010 (-11%),…
Indian Railways currently serves approximately 10 million beneficiaries through 129 hospitals and 586 health units. (AI image) Indian Railways is currently in discussions with with online pharmacy services to enable doorstep delivery of medicines from its network of hospitals, according to officials. RailTel Corporation of India Limited plans to seek tenders in January 2025 for…
EPFO currently permits automatic settlement of partial withdrawals up to Rs 1 lakh for housing, education and marriage purposes. (AI image) New Year cheer for Provident Fund subscribers! The Labour and Employment Ministry has established a five-person committee to develop a strategy for expediting auto claim settlements at EPFO whilst eliminating manual processing requirements. This…
Market observers will closely track automotive sales data for early indicators as the new year begins. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in red on Monday. While BSE Sensex was near 78,600, Nifty50 was above 23,750. At 9:16 AM, BSE Sensex was trading at 78,609.52, down 90…
MUMBAI: Health insurers paid out only 71.3% of the Rs 1.2 lakh crore claims that were registered and outstanding during FY24, according to Irdai data.According to the insurance regulator’s report, insurers registered over 3 crore claims during the year for Rs 1.1 lakh crore, in addition to the 17.9 lakh claims for Rs 6,290 crore…
MUMBAI: Russian national Pavel Prozorov is the mastermind in fraudulent activities via OctaFx India Pvt Ltd, through unauthorised forex trading, allegedly earning over Rs 800 crore, said Enforcement Directorate in the chargesheet filed before the special court against him and 53 others.ED attached Pavel’s Spanish assets valued at Rs 42 crore after collecting their details…
Hybrid work models, a focus on mental health, advancements in DEI (diversity, equity, and inclusion), and AI integration in recruitment, performance, and engagement will shape the future of HR. As businesses adapt to these changes, hiring will increase, driven by the growth of GCCs (global capability centres) and KPOs (knowledge process outsourcing) in India, creating…
