New Delhi— Interestingly, the Income Tax Department sent HDFC Life Insurance Company a Rs 1,495.17 crore tax demand for 2021–2022. The demand includes Rs 592.41 crore in interest. To correct mathematical flaws in the tax demand calculation, the life insurer will file a rectification application. Details of Tax Demand and Firm ResponseAs of June 28,…
A $1.5 billion loan from the World Bank has been approved to support India’s efforts to accelerate the development of low-carbon energy, with a primary focus on green hydrogen. According to a statement issued on Friday, the financing is intended to promote a healthy market for green hydrogen, electrolysers, and increased penetration of renewable energy…
Domestic stock markets are no longer independent entities in the connected world of today. Global market dynamics, significant geopolitical events, and changes in currency exchange rates all have a significant impact on them. For investors, this complex web of variables provides a challenging environment that requires a deep comprehension of global forces to successfully navigate….
According to multiple media outlets, Yes Bank has started a cost-cutting exercise by terminating 500 staff. Additional layoffs are anticipated in the upcoming weeks. This action is a component of an internal restructuring plan meant to boost productivity and lower operating expenses. Employees in a number of verticals, including branch banking, retail, and wholesale, have…
You can quickly switch back to the previous Google Assistant by following a few easy steps if you’re one of those people who prefers the dependable Google Assistant over the brand-new, AI-powered Google Gemini. Many customers are eager to go back to Google Assistant for a variety of reasons, including as performance concerns or just…
The output of coal, natural gas, and electricity increased significantly in May, accounting for 6.3% of India’s growth in the core sectors. While this is a little less than the 6.7% rise in April, it is still a strong showing when compared to the 5.2% growth rate in the same month the previous year. Important…
ITC, a well-known company that sells everything from cigarettes to hotels, saw a significant increase in executives joining the crorepati club in FY24—68 new members, up 24.11% from FY23. According to the company’s annual report, there are now 350 executives who make more than Rs 1 crore yearly, up from 282 in FY23 and 28%…
Big Cybersecurity Breach Cybersecurity has suffered from BSNL data breaches. This hack revealed 278 GB of sensitive data, including government employee phone records and security keys, putting Indian institutions at risk and exposing digital infrastructure gaps. Breach Details On May 29, hacker “kiberphant0m” released the material on BreachForums, a popular stolen data marketplace. Critical security…
Incredible Market Entry On Dalal Street Friday, Stanley Lifestyles Ltd. launched luxury furnishings. Company shares were listed on the Bombay Stock Exchange (BSE) at ₹499 per share, 35.23% more than its issue price of ₹369. On NSE, the shares began trading at ₹494.95, a 34.13% premium. Stanley Lifestyles’ success indicates investors’ trust in its brand…
JP Morgan’s Emerging Market Bond Index now includes Indian government bonds (IGBs), a key financial market breakthrough for India. India became the 25th market to join this prestigious index since June 2005 on June 28, 2024. Large Financial Inflows Government bonds will bring in huge funds for India. In the next 10 months, economists predict…
