Business news – Page 71

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Another round of FDI reforms? Liberalisation of Defence, Banking, Insurance foreign direct investment norms on the cards – Times of India

adminApril 22, 202404 mins

FDI Reforms 2.0: The Indian government is currently reviewing the foreign direct investment (FDI) norms for crucial sectors such as banking, insurance, and defence, following recent relaxations in the space and satellite industries. Officials have stated that while most of the significant FDI reforms have already been implemented, discussions are underway to determine if conditions…

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Stock market today: BSE Sensex surges 450 points; Nifty50 above 22,250 – Times of India

adminApril 22, 202401 mins

Stock market today: This week is expected to be important for financial markets as concerns about a potential Iran-Israel conflict persist. Indian equity benchmark indices, BSE Sensex and Nifty50, surged in trade on Monday. Source link

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AC, fridge & ice cream fly off shelves as summer heat bites – Times of India

adminApril 22, 202406 mins

MUMBAI: The blistering heat has spurred the sale of consumer durables, with industry players looking at the best summer in several years.Demand for air-conditioners, now a must-have in middle class homes, and air coolers has spiked, and there is robust sale of refrigerators. “This looks to be one of the best summers for the industry,”…

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Insurance regulator Irdai pushing companies to provide health coverage to all – Times of India

adminApril 21, 202401 mins

Irdai pushing companies to provide health coverage to all Source link

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New income tax regime vs old tax regime: Which should you pick? Deductions you claim are important – Times of India

adminApril 21, 2024010 mins

New Tax Regime Vs Old Tax Regime: Selecting the most tax-efficient income tax regime, either the old or new, can be a challenging decision for many salaried taxpayers. The optimal choice depends on the amount of deductions from gross total income that can be claimed to reduce the taxable income. If the gross total income…

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Swift recovery of stolen money: Banks mull new move for faster freezing of fraudsters’ accounts in case of a cyberattack – Times of India

adminApril 21, 202404 mins

Banks have suggested integrating their systems with the National Cybercrime Reporting Portal (NCRP), a division of the Ministry of Home Affairs, to enable quicker freezing of fraudsters’ accounts in the event of a cyberattack. The goal is to prevent digital criminals and phishing attackers from rapidly transferring funds from a victim’s bank account to multiple…

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HDFC Bank Q4 Results: Net profit increases marginally to Rs 16,511 crore; miss analysts’ forecast – Times of India

adminApril 20, 202402 mins

NEW DELHI: HDFC Bank posted smaller-than-expected quarterly (Q4) profit of Rs 16,511 crore for the January-March quarter (Q4) of the financial year 2023-24 (FY24) on Saturday. This marks a 0.84 per cent jump when compared to Rs 16,373 crore clocked in the previous quarter.However, the quarterly profit of the largest private lender is below analysts’…

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Blaming ‘very heavy obligations’ around Tesla, Musk cancels much-anticipated India visit – Times of India

adminApril 20, 202405 mins

NEW DELHI: In a sudden and unexpected move, maverick American billionaire Elon Musk canceled his India visit just days before his arrival where he was scheduled to meet Prime Minister Narendra Modi and announce investments worth billions of dollars around a greenfield electric car project for Tesla, apart from satcom venture Starlink.Musk, who had just…

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Iris scan for senior citizens soon? Banks look at options for verifying transactions – Times of India

adminApril 20, 202401 mins

Indian commercial banks are considering using iris scans for transaction verification, especially for senior citizens, due to reliability issues with fingerprints and thumb impressions. Discussions are ongoing with the Reserve Bank of India and other stakeholders regarding implementation challenges and cybersecurity concerns. Source link

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Top 3 IT companies report 64,000 fall in FY24 headcount – Times of India

adminApril 19, 202404 mins

BENGALURU: For more than two decades, they’ve been the biggest hirers of engineering and technology talent. But in the financial year that ended this March, the combined headcount of TCS, Infosys and Wipro dropped by nearly 64,000. And the early indications for the ongoing financial year aren’t good either. Infosys expects revenue growth between 1%…