Obtaining a new PAN card under PAN 2.0 isn’t compulsory. (AI image) PAN 2.0: The Modi government recently gave its not for the PAN 2.0 project, which offers PAN cards with enhanced features, including secure data storage in a dedicated vault, better QR code functionality for convenient access, and unified PAN/TAN services through a single…
Financial markets began the week cautiously as investors awaited the US Federal Reserve’s key interest rate decision. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Tuesday. While BSE Sensex was just above 81,500, Nifty5 was below 24,600. At 9:19 AM, BSE Sensex was trading at…
MUMBAI: The rupee ended at a new closing low of 84.86 against the US dollar down nearly seven paise from its previous close of 84.79. The rupee had hit a new low of 84.88 in intraday trade on Thursday but had recovered on Friday following a recovery in the equity markets.Monday’s weakening was largely on…
NEW DELHI: India’s trade deficit widened to a record $37.9 billion in Nov as imports hit an all-time high of almost $70 billion on soaring gold imports, while exports fell as a decline in petroleum shipments wiped out the gains from non-oil exports.In Nov, gold shipments into the country soared over four times to $14.9…
MUMBAI: RBI governor Sanjay Malhotra on Monday asked colleagues to “strive for perfection” and support the realisation of the Viksit Bharat vision. The career bureaucrat appointed to lead the central bank “reassured” staffers that RBI, an “august institution”, is his “family” now. “I exhort you to strive for perfection in performing our critical roles as…
Reliance chairman Mukesh Ambani and Adani Group founder Gautam Adani are facing multiple threats that are hitting their businesses – and their immense personal wealth. Both Ambani and Adani have tumbled out of the elite centibillionaires club – people with fortunes above $100 billion.Ambani’s energy and retail businesses have been underperforming amid rising investor concern…
Currently, both Mukesh Ambani and his contemporary Gautam Adani, are confronting various challenges. India’s richest men, Mukesh Ambani and Gautam Adani, have seen their net worth drop below the $100 billion mark in the last few months. Currently, both Mukesh Ambani, who leads Reliance Industries Ltd, and his contemporary Gautam Adani, who established the Adani…
The Rs 803.7 crore tax demand exceeds Zomato’s total profits since achieving profitability in the April-June 2023 period. Zomato has received a notice from GST authorities demanding Rs 803 crore in outstanding tax, including penalty and interest, covering the period from 2019 to 2022. The dispute centres on whether food delivery platforms are required to…
NEW DELHI: The mad scramble for plastic trays at airports’ pre-embarkation security check points for keeping personal electronic devices (PEDs), chargers and liquids separately from cabin bags has just got a little longer. The Bureau of Civil Aviation Security (BCAS) has asked airport operators not to install 3D computed tomography X-ray (CTX) machines for scanning…
JM Financial has a ‘buy’ recommendation on JSW Infrastructure, India’s second largest private port player. Analysts at JM Financial feel that the company is well positioned to capture the opportunities arising from the government’s thrust on infrastructure spending and privatisation of port terminals. The brokerage house has a target price of Rs 390 (+22%). Elara…
