MUMBAI: Electric scooter startup Ola Electric‘s Rs 6,146-crore IPO – biggest this year – is set to to open on Aug 2. This will be the first IPO by an auto company since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.The bidding for the IPO will start on Aug 2 and end on Aug…
MUMBAI: The digital decade has triggered a major shift in jobs in the financial sector. With most clerical work being automated, middle and lower-end jobs are disappearing. The ratio of officers to support staff has changed from 50:50 in FY11 to 74:26 in FY23 (see graphic), indicating lower opportunities for middle-tier jobs. AI is seen…
Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives with regard to National Pension Scheme (NPS) – extension of NPS 14% employer contribution benefits to private setcor and the intended launch of NPS Vatsalya.Budget 2024 announced the hiking of the tax deduction limit on private sector…
Boost for security forces on India-China border! The Border Roads Organisation (BRO), in collaboration with the Central Public Works Department (CPWD) and the National Projects Construction Corporation, has commenced the third phase of the strategic India, China Border Roads (ICBR) project. This initiative aims to enhance the road network in eastern Ladakh, facilitating faster movement…
NEW DELHI: The Income Tax Department has cautioned taxpayers against making false claims on their income tax returns, such as overstating deductions, understating income, or claiming expenses that are not genuine. These actions are considered offenses that can result in penalties and may delay the processing of refunds.According to the department and the Central Board…
NEW DELHI: Indian market regulator Securities and Exchange Board of India (Sebi) conducted an extensive analysis of intraday trading patterns. The results reveal a surprising correlation between trading performance and relationship status. The study indicates significant differences in trading behaviors and outcomes based on marital status and gender.Married traders outperformed singlesSebi’s study on intraday trading…
MUMBAI: Vistara passengers can now get 20 minutes of complimentary Wi-Fi internet connectivity onboard its international flights operated by Boeing 787-9 Dreamliner and Airbus A321neo aircraft, the TATA-Singapore Airlines joint venture airline announced on Saturday.“The complimentary 20-minute Wi-Fi access will enable passengers across all cabins to stay connected and is also ideal for those who…
MUMBAI: The annual increase in bank credit continues to outpace deposit growth by a high margin even after the base effect created by the merger of HDFC with HDFC Bank dissipated post-merger. According to data released by RBI, bank credit grew by 14% year on year as of July 12 while deposit growth for the…
NEW DELHI: Apple is finally set to make Pro series of iPhones in India, in an affirmation to the country’s Make in India initiative. However, there are “no immediate plans” to assemble iPad tablets and MacBook laptops in India for now, sources told TOI. The iPhone Pro devices will be assembled for the first time…
MUMBAI: Markets regulator Sebi has banned fugitive billionaire Vijay Mallya for three years for illegally routing funds through layered transactions using foreign entities and banks to jack up prices of his own companies and also profit from the same. All his holdings in stocks and mutual funds in India have also been frozen while he…
