Has your lender been overcharging you interest for loans? The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. The same has been flagged by the central bank in a new notification dated April 29, 2024.RBI’s latest notification comes as a relief for loan borrowers,…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, resumed their rally on Tuesday after a strong show on Monday. BSE Sensex moves up 100 points and Nifty50 was above 22,650. At 9:30 AM, BSE Sensex was trading at 74,746.86, up 76 points or 0.10%. Nifty50 was at 22,681.50, up 38 points…
The amount of cash circulating in the economy has seen a significant increase since the financial year 2016-17, which marked the demonetisation and the introduction of UPI. Despite the phasing out of Rs 2000 notes, the currency in circulation has risen from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore by…
Elon Musk-led Tesla has overcome significant regulatory obstacles that have long prevented it from introducing its self-driving software in China, setting the stage for a positive outcome from Elon Musk‘s unexpected trip to the U.S. automaker’s second-largest market. According to an individual familiar with the situation, Musk, Tesla’s CEO, arrived in Beijing on Sunday and…
In a groundbreaking move, StockGro has joined forces with The Economic Times, leveraging the robust stock updates of ET Markets. This strategic collaboration aims to propel StockGro’s vision by reaching a wider audience and creating tailored content to educate investors at all levels.Did you know that 72% of Indians lack financial knowledge and are unsure…
Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, moved up in trade on Monday. BSE Senses surged 300 points and Nifty50 was near 22,500. Source link
Mumbai: Amid row over the alleged presence of carcinogenic ethylene oxide, a form of pesticide, in its select spice packs, MDH (Mahashian Di Hatti) has called such claims untrue and lacking any substantiating evidence. The company said that it has not received any communication on the topic from regulatory authorities of Singapore or Hong Kong….
NEW DELHI: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the one-time capital expenses incurred when they migrated to core banking, IT is now becoming a recurring cost accounting for up to 10% of operating expenses.Bankers have responded to queries about their level of…
NEW DELHI: Government is looking at rolling out a fresh multi-billion-dollar incentive package for semiconductor companies after nearly exhausting the Rs 76,000-crore plan that was launched in Dec 2021 for supporting investing companies, top sources told TOI.Preliminary work on the new package, which is “in all likelihood be much bigger than the previous one”, has…
MUMBAI: ICICI Bank, the second-largest private lender, has reported a net profit of Rs 10,708 crore for the quarter ended March 2024, marking an increase of 17.4%, surpassing analyst forecasts. The bank’s board has recommended a dividend of Rs 10 per share. At the end of the quarter, the bank’s deposits stood at Rs 14,12,825…
