Business news – Page 48

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G20 taskforce suggests financial plan, entity for DPI – Times of India

adminJuly 17, 202403 mins

NEW DELHI: A report by India’s G20 taskforce has suggested the creation of a viable financial plan to support the development and ongoing maintenance of digital public infrastructure (DPI) components, ensuring the availability of resources for implementing DPI.“This may include interested countries, organisations managing DPIs, multilateral development banks, DPI-specific funds, project financing mechanisms, investment promotion…

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IMF ups India’s FY25 growth forecast to 7% – Times of India

adminJuly 17, 202403 mins

NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand is…

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Telecommunication companies urge for alignment with international standards – Times of India

adminJuly 16, 202407 mins

While recommending a 10-fold increase in electromagnetic field (EMF) emissions from mobile towers, a government committee in its report also noted that the measure may adversely impact public opinion and lead to “heightened mistrust”. “The revision of EMF norms could lead to heightened public mistrust due to the negative health effects of EMF radiation,” it…

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IMF raises India’s GDP forecast to 7% for 2024-25 – Times of India

adminJuly 16, 202403 mins

NEW DELHI: The International Monetary Fund (IMF) has maintained its global growth projections for 2024 at 3.2% in its latest World Economic Outlook update, released on Tuesday. Despite this, the organization has revised its forecasts for the United States and Japan downward, citing a slower-than-expected start to the year and temporary supply disruptions, respectively.The IMF…

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Law tribunal admits BCCI’s plea seeking insolvency process against Byju’s – Times of India

adminJuly 16, 202402 mins

NEW DELHI: National Company Law Tribunal on Tuesday admitted the BCCI‘s application seeking insolvency proceedings against Byju’s.This came after the law tribunal said that “it cannot be disputed” that the parent of the ed tech firm, Think & Learn Private Limited, had availed the services of the cricket board and had defaulted on over 1.59…

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Budget 2024 income tax expectations: Top 5 things FM Sitharaman should do for taxpayers – from tax slab changes to hiking standard deduction – Times of India

adminJuly 16, 202408 mins

By Parizad SirwallaBudget 2024 income tax expectations: The Finance Minister (FM) will present the full Union Budget for Financial Year (FY) 2024-25 in Parliament on July 23rd. The Budget is of significant interest to individual taxpayers as they have a long wish list of the desired announcements on the personal tax front from the newly…

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Paytm gets warning from Sebi over old transactions with its banking unit; firm responds – Times of India

adminJuly 16, 202402 mins

NEW DELHI: Securities and exchange board of India (Sebi) served administrative warning to Paytm over two transactions with Paytm Payments Bank conducted in the fiscal year 2021-22. Paytm on Monday said in its filing that it has strictly followed all regulatory requirements and compliance standards.The two transactions were of 3.24 billion rupees ($38.8 million) and…

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Gen Z, millennials drive growth in digital loans – Times of India

adminJuly 16, 202403 mins

MUMBAI: Gen Z and millennials are driving high growth in digital loans. The Gen Z cohort comprises youngsters in the 18-25 age group, many of whom entered adulthood during the pandemic. Millennials fall between the age group 26-38.According to a report by Redseer Strategy Consultants, digital lending in India is on the rise and set…

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No change in plan despite new UK government: Tata Steel – Times of India

adminJuly 16, 202403 mins

MUMBAI: Tata Steel‘s strategy for its UK operations will remain unchanged amid concerns that its restructuring could face delays under the new Labour government that has come to power after a decade. In September 2023, the previous govt led by the Conservative party had agreed to grant 500 million pounds to Tata Steel to help…

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HUL sells Pureit business to US geyser major AO Smith – Times of India

adminJuly 15, 202403 mins

MUMBAI: HUL is selling its water purification business to US-based water technology company AO Smith‘s Indian arm for an enterprise value of Rs 601 crore ($72 million). The move comes as the FMCG major looks to sharpen its focus on core categories, HUL said in a statement on Monday. It is also aligned with parent…