Indian Railways provides an annual subsidy of Rs 56,993 crore across all passenger categories. Did you know that Indian Railways train ticket prices are subsidised? So, how much discount does the national transporter give for every ticket that it sells? 46%, says Railway Minister Ashwini Vaishnaw.The Indian Railways provides an annual subsidy of Rs 56,993…
Indian manufacturing facilities produced 14-15% of Apple’s total iPhone output in FY24. (AI image) Even as India’s Apple iPhone manufacturing capabilities are swiftly approaching China’s levels, the country’s contribution to Apple’s global revenue remains significantly lower, primarily due to consumer affordability constraints.Indian manufacturing facilities produced 14-15% of Apple’s total iPhone output in FY24. Industry analysts…
CSK, MI, RCB, and KKR-have exceeded $100 million in brand value for the first time. IPL Brand Value: The Indian Premier League (IPL) has established itself as a leading international sports competition, with its total brand value showing a 13% increase to $12 billion, according to the 17th Brand Finance IPL 2024 assessment report. From…
The Income Tax Department offers online Aadhaar-based address updating for PAN cardholders at no cost. PAN 2.0: According to the recently released Income Tax Department’s FAQs about PAN 2.0 with QR code, PAN Card holders can update their outdated addresses at no cost. After updating records, taxpayers will receive an e-PAN with a QR code…
Bulls are likely to maintain control whilst the index remains above 24,400, say analysts. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex was near the 81,000 mark, Nifty50 was above 24,450. At 9:23 AM, BSE Sensex was trading at 80,962.87, up 117…
NEW DELHI: Finance minister Nirmala Sitharaman Tuesday said public sector banks are now safe, stable, healthy, and showing “exceptional performance”, as Lok Sabha passed crucial amendments to banking laws, which among other things provides for up to four nominees in all bank accounts.The move is meant to ensure that successors of an account-holder or someone…
The slump in growth has also sharpened the debate over whether the central bank is doing enough to support the world’s fastest-growing major economy. One of India’s worst GDP growth misses in recent memory is suddenly adding more pressure on central bank Governor Shaktikanta Das, who still hasn’t gotten an extension even though his term…
NEW DELHI: Ahead of the crucial GST Council meeting in three weeks, finance minister Nirmala Sitharaman told Parliament on Monday that policyholders stand gain from a reduction in levies, which is being discussed by the ministerial panel.“As the GST rates are applicable over and above the insurance premium, if the GST rate is reduced, it…
Several prestigious firms have made substantial offers at the older IITs. (AI image) IIT students get big offers this year! Jane Street, a prominent Wall Street trading firm, has extended a remarkable annual salary package of Rs 4.3 crore-plus to a student from the Class of 2025. This offer, which includes base salary, fixed bonus…
NEW DELHI: Goods and services tax (GST) collection rose 8.5% to Rs 1,82,269 crore in Nov, the fourth highest since the new regime kicked in over seven years ago.The growth in Nov, based on transactions in Oct, was driven by domestic consumption, rising 9.4% to just under Rs 1.4 lakh crore, while imports saw a…
