Unified Pension Scheme: Prime Minister Narendra Modi-led Cabinet has on Saturday approved the Unified Pension Scheme for government employees. The decision was announced by Railway Minister Ashwini Vaishnaw in a press briefing. Vaishnaw said that the new Unified Pension Scheme will benefit 23 lakh central government employees.The state governments will also be given the option…
NEW DELHI: India needs an additional 400 million women in the workforce by fiscal year 2047 to contribute $14 trillion to the economy, nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent, according to a new report by The/Nudge Institute.According to The Labour Force Participation Distillation…
MUMBAI: GQG Partners, the largest non-promoting shareholder in the Adani Group, picked up another 1.8% in Ambuja Cements on Friday for nearly Rs 2,750 crore through block deals. With this buy, the US-based investment firm‘s current exposure to one of the biggest cement makers in India went up to 3.1% from 1.3% earlier. This also…
MUMBAI: An analysis of the resolved insolvency cases shows that even though only 15% of the total cases represent claims over Rs 1,000 crore, they account for 90% of the value that can be realised. This has led companies dealing with distressed assets to call for separate tribunals to expedite the high-value cases so as…
Elon Musk-led Tesla‘s potential investment in India has generated significant interest, but the current status remains uncertain. The Indian government has introduced a policy that encourages foreign investment in the automotive sector. This policy allows companies to import and market their vehicles in India before establishing a manufacturing facility, provided they commit to setting up…
NEW DELHI: Directorate General of Civil Aviation (DGCA) imposed a fine of Rs 98 lakh on Air India Limited for operating flights with non-qualified crew members. Additionally, the civil aviation watchdog imposed a fine of Rs 6 lakh and Rs 3 lakh on director operations and director training of Air India Rs 6 lakh and…
The Securities and Exchange Board of India (Sebi) has taken action against Anil Ambani and 24 other entities, including former key officials of Reliance Home Finance (RHFL), for their involvement in the diversion of funds from the company. Ambani has been barred from the securities market for five years and fined Rs 25 crore, according…
Krishna Janmashtami 2024 bank holiday: Starting from Saturday, August 24, 2024, banks in several states will remain closed for three consecutive days. On Monday, August 26, some states will observe a bank holiday in celebration of Krishna Janmashtami. As a result, bank customers should check if their residing state has a holiday.Krishna Janmashtami, often referred…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened marginally in red on Friday. While BSE Sensex was above 81,000, Nifty50 was above 24,800. At 9:16 AM, BSE Sensex was trading at 81,029.58, down 24 points or 0.029%. Nifty50 was at 24,809.00, down 3 points or 0.010%.Chandan Taparia of Motilal Oswal believes…
NEW DELHI: Patels from India have long been credited with scripting the success story of “motels” – highway hotels in America. Now an American hospitality major has set its eyes on the infra development taking place in India – especially highways – and plans to set up budget to mid-scale hotels along them. Dimitris Manikis…
