9-carat gold to be hallmarked soon? The gold trade has requested the Bureau of Indian Standards (BIS) to implement hallmarking and Hallmarking Unique Identification (HUID) numbers for 9-carat gold jewelry. This move comes as the prices of gold and silver have reached record highs, making them unaffordable for many consumers. At present, only 14, 18,…
Paytm Q4 results: In the fourth quarter ended March 2024, Paytm, the fintech major, reported a significant increase in losses, reaching Rs 550 crore compared to Rs 169 crore in the corresponding quarter of the previous year. The company’s revenue from operations also experienced a 3% year-on-year decline, amounting to Rs 2,267 crore, in contrast…
India is poised for a long-awaited economic take-off, driven by rising aggregate demand and increased non-food spending in the rural economy, according to the Reserve Bank of India‘s May Bulletin released on Tuesday. Rising aggregate demand The RBI’s article on the ‘State of the Economy’ highlighted a quickening momentum in aggregate demand. Recent indicators show…
Zomato CEO Deepinder Goyal has shared interesting insights into the days when he started the food delivery and restaurant aggregator platform. Recalling the days when he planned to launch Zomato, Goyal said his father was skeptical about the startup. “My dad at that time told me, janta hai tera baap kaun hai?” Goyal said at…
MUMBAI: PM Narendra Modi said on Monday that record profits made by banks in FY24 would increase availability of credit to the poor, farmers, and MSMEs, hailing the turnaround of financial entities, which were facing a burden of bad loans some years ago.Posting a link of a TOI story on X, Modi said that the…
7th Pay Commission DA Hike: The Employees’ Provident Fund Organisation (EPFO) has made a significant decision concerning retirement and death gratuity for government employees. It has put on hold the increase in retirement and death benefits resulting from a hike in Dearness Allowance to 50%.According to an ET report, EPFO had on April 30, 2024,…
NEW DELHI: Airbus Helicopters and Small Industries Development Bank of India (SIDBI) have signed a MoU for financing purchase of Airbus’ helicopters in India. The same was signed by SIDBI chief GM Rahul Priyadarshi and Sunny Guglani, head of Airbus Helicopters (India and South Asia). Under the MoU, both Airbus Helicopters and SIDBI will identify…
Infosys founder NR Narayana Murthy wants to be remembered as a fair man. “One of the things I learnt early as a leader is that you have to take tough, unpleasant decisions. However, the most important thing is to be fair in every transaction,” Murthy told ET in a recent interview.In 1981, NR Narayana Murthy…
Banking wasn’t his first career choice. But N Vaghul, who passed away on Saturday – he was 88 – redefined the industry he joined after his plans to appear for civil service exams hit a roadblock.Survived by his wife, son and daughter, Vaghul breathed his last in Apollo hospital in Chennai, where he was admitted…
NEW DELHI: OTT services such as WhatsApp, Signal, Facebook, Instagram and X (formerly Twitter) may come under a regulatory regime with Trai looking to come with recommendations on the matter. The development assumes significance since govt had kept OTTs out of the regulatory regime in the new telecom act, which was passed recently by the…
