Banks, consumer cos to brighten earnings in India amid IT uncertainties India’s banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

Is there still a chance for higher EPS pension deadline extension? [ad_1] The last date to apply for higher pension under the Employees’ Pension Scheme (EPS) is July 11 — i.e., Tuesday. The Employees’ Provident Fund Organisation (EPFO) had in its press release dated June 26, 2023, said that the last opportunity of 15 more days was being given so ...

Govt allows ED to share data with GSTN, move to help recovery of GST The government has amended provisions of the money laundering Act to allow enforcement directorate (ED) to share information with GST Network. The move would help recovery of Goods and Services Tax (GST) evaded through money laundering. GSTN handles the technology backbone of the indirect tax regime ...

National Pension Scheme to add 1.3 million new subscribers in FY24 To roll out systematic withdrawal plan in October

Punjab National Bank infuses Rs 72.83 crore in its Bhutan subsidiary State-owned Punjab National Bank on Friday said it has infused Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue. The investment in Rights Issue has been made on July 7, 2023 through participation in the issue of Druk PNB Bank Ltd (DPNBL), PNB ...

Rupee hits six-week low against US dollar, loses 1% against greenback Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve

Fund pick: HDFC Corporate Bond Fund Fund pick of HDFC Corporate Bond Fund

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI India’s foreign exchange reserves rose by USD 1.853 billion to USD 595.051 billion in the week ended on June 30, the Reserve Bank of India said on Friday. The overall reserve had dropped by USD 2.901 billion to USD 593.198 billion in the previous reporting week. In October 2021, ...

K'taka to spend Rs 52k cr annually on 5 key promises, to benefit 13 mn Seeking to highlight the Congress party’s poll promises, Karnataka Chief Minister Siddaramaiah on Friday said approximately Rs 52,000 crore would be spent annually for the five key poll ‘guarantees’ and it is expected to benefit 1.3 crore families. Presenting the 2023-2024 budget, with an outlay ...

RBI looking to enhance fintech regulations, says Dy Guv T Rabi Sankar The central bank has been monitoring the fintech space lately to ensure financial stability and mitigate risks related to cybersecurity and prevent fraud