Will RBI increase repo rate in next policy meet? What report says
Published on Mar 27, 2023 03:35 PM IST
At the latest Monetary Policy Committee (MPC) of the RBI in early February, it decided to raise the repo rate by 25 basis points to 6.5 per cent.
Rupee finds temporary ease as India's current account deficit shrinks
India's current-account deficit is expected to decrease as economists revise their forecasts due to favorable trade trends. This is good news for the rupee, which has been struggling in comparison to other emerging Asian currencies.
Published on Mar 27, 2023 03:09 PM IST
Bloomberg | | Posted by Animesh Chaturvedi
‘We do responsible hiring’: Flipkart takes stand against mass layoffs
According to Krishna Raghavan, Flipkart's Chief People Officer, the company does not believe in hiring in bulk as doing so often leads to firms laying off staff to lessen the headcount.
Published on Mar 27, 2023 03:05 PM IST
Gold and silver prices on March 27: Check rates in your city
The rate for 24-carat gold was Rs. 5,969 per gram, with 8 and 10 grams priced at Rs. 47,752 and Rs. 59,690, respectively.
Published on Mar 27, 2023 02:56 PM IST
2-day EPFO board meeting from today: List of issues likely to be taken up
The 233rd meeting of the body's Central Board of Trustees (CBT) will be held under the leadership of Bhupender Yadav, the Union minister for labour and employment.
Published on Mar 27, 2023 01:02 PM IST
Elon Musk bought Twitter for $44bn five months ago. He says its value now is…
Elon Musk claimed in an internal email that Twitter's current worth is $20 billion, less than half the $44 billion he bought it for five months ago.
Published on Mar 27, 2023 11:46 AM IST
AFP | | Posted by Animesh Chaturvedi
From April, mutual fund investors must comply with new rules. Details here
Four such rules are: declaration of a nominee, PAN-Aadhaar linking, OTP, and revalidation of KYC.
Published on Mar 27, 2023 11:22 AM IST
First Citizens to buy collapsed Silicon Valley Bank
The FDIC said in separate statement it has received equity appreciation rights in First Citizens BancShares stock with a potential value of up to $500 million as part of the deal.
Published on Mar 27, 2023 11:12 AM IST
Reuters | | Posted by Lingamgunta Nirmitha Rao
Number theory: Understanding the new American banking crisis
A latest study published to the Social Science Research Network on March 13 estimated that the individual US banks' assets have lost an average of 10% of their market value during the Fed's rapid rate-hike campaign, with the bottom fifth percentile experiencing a decline of about 20%.
Updated on Mar 27, 2023 01:50 PM IST
Bank holidays in April: Banks to remain closed for 15 days. Check full list
Bank Holidays In April 2023: Banks will not open on account of festivals, as well as second and fourth Saturdays, and Sundays.
Published on Mar 27, 2023 10:38 AM IST
Opening bell: Sensex climbs to 57,665, Nifty advances to 16,991
Among the Sensex firms, Power Grid, Bajaj Finance, Tata Steel, UltraTech Cement, Reliance Industries, Sun Pharma, Tech Mahindra and HDFC Bank were the biggest gainers.
Published on Mar 27, 2023 09:23 AM IST
New tax regime, other rules to kick in from Apr 1: What taxpayers need to know
Starting FY 2023-24, the new tax regime will be the default regime to file returns, as announced by finance minister Nirmala Sitharaman in the annual budget speech on Feb 1.
Published on Mar 27, 2023 08:51 AM IST
Petrol, diesel prices on March 27: Check rates in your city
In Kolkata, a litre of petrol costs ₹106.03 and a litre of diesel costs ₹92.76.
Updated on Mar 27, 2023 08:17 AM IST
First Citizens inches closer to SVB acquisition: Report
Silicon Valley Bank became the biggest US lender to fail in more than a decade.
Published on Mar 27, 2023 07:49 AM IST
LIVE highlights: Ahead of G20 meet, pro-Khalistan outfit makes threat calls
Breaking news highlights March 27, 2023: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.
Updated on Mar 27, 2023 11:18 PM IST
Are you an NPS subscriber? Link Aadhaar-PAN by March 31
The PFRDA administers as well as regulates the National Pension System (NPS), which is the world's lowest-cost pension scheme.
Updated on Mar 30, 2023 02:29 PM IST
Global growth slowing to below 3% due to Ukraine war: IMF chief
International Monetary Fund chief Kristalina Georgieva was speaking at the China Economic Forum 2023 in Beijing.
Published on Mar 26, 2023 04:31 PM IST
AFP | | Posted by Shobhit Gupta
Pak inflation skyrockets to 47%, essential prices soar: Report
Pakistan prime minister Shehbaz Sharif had announced move to charge affluent customers more for fuel and the money raised will be used to subsidise prices for the poor.
Published on Mar 26, 2023 04:13 PM IST
NPR halts 4 podcast productions, lays off 10% of workforce
NPR is one of many media companies that have recently made layoffs due to declining advertising revenue and the prospect of a recession.
Published on Mar 26, 2023 03:54 PM IST
What is a Form 16? How to file income tax return using it?
Form 16 is a certificate of tax deduction at source issued by the employer to the employee upon tax deduction.
Published on Mar 26, 2023 03:19 PM IST
Centre revises MGNREGA wage rates; Haryana offers highest
The union ministry of rural development issued a notification on the change in wage rates under the Mahatma Gandhi National Rural Employment Guarantee Scheme on March 24.
Published on Mar 26, 2023 03:15 PM IST
PTI | | Posted by Lingamgunta Nirmitha Rao
RBI likely to hike 25 basis point interest rate in monetary policy, say experts
RBI may go in for 25 basis point interest rate hike in monetary policy meet next month, say experts
Published on Mar 26, 2023 02:59 PM IST
PTI | | Posted by Shobhit Gupta
Reliance to offer FMCG products at up to 35% lesser price
Earlier this month, RCPL relaunched the iconic soft drinks brand Campa, entering into the turf of US cola majors PepsiCo and Coca-Cola. It had priced competitively at ₹10 for a 200-ml bottle and ₹20 for a 500-ml bottle.
Updated on Mar 26, 2023 07:28 PM IST
PTI | | Posted by Yagya Sharma
This private island in Florida costs ₹1,800 cr, has 98-foot pool…
This sole private island named 10 Tarpon Isle was bought by real estate developer Todd Michael Glaser and his partners for $85 million ( ₹699 crore) in 2021.
Published on Mar 26, 2023 12:40 PM IST
Credit Suisse accessed billions in liquidity last weekend, says Swiss minister
Swiss bank Credit Suisse had said last week it intended to borrow up to 50 billion Swiss francs from the country's central bank to boost its liquidity
Published on Mar 26, 2023 12:10 PM IST
Reuters | | Posted by Aryan Prakash
Petrol, diesel prices on March 26: Check rates in your city
In Mumbai, petrol retails at ₹106.31 per litre while diesel costs ₹94.27 per litre.
Published on Mar 26, 2023 09:56 AM IST
Valley National bidding for Silicon Valley Bank: Report
The regional bank has submitted a bid to the Federal Deposit Insurance Corp (FDIC), the report said, citing people familiar with the matter.
Updated on Mar 26, 2023 06:23 AM IST
This bank is giving interests at 9.01% in just 1000 days
On fixed deposits maturing in 1000 days to 18 months, the bank offers an interest rate of 8.41%; on deposits maturing in 1001 days to 36 months, the bank provides an interest rate of 8%.
Published on Mar 25, 2023 09:07 PM IST
Govt extends Aadhaar-Ration card linking deadline to June 30
Ration cards are distributed for the public to obtain subsidised food grains and fuel. Apart from documents such as a passport and a PAN card, the ration card also serves as proof of identity and address.
Published on Mar 25, 2023 08:17 PM IST
FM Sitharaman reviews public sector banks' performance amid global crisis
FM Nirmala Sitharaman held a two hours meeting with MDs and CEOs of PSBs, an open discussion was held on the global scenario amid the failure of the Silicon Valley Bank (SVB) and Signature Bank (SB), along with the issues leading to the crisis in Credit Suisse.
Published on Mar 25, 2023 06:41 PM IST
PTI | | Posted by Singh Rahul Sunilkumar