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Finance Minister Nirmala Sitharaman faces significant challenges as she prepares to present the Union Budget in just over three weeks. India Inc has submitted a set of recommendations, emphasising the need for simplified taxation, increased capital expenditure, and labour-intensive initiatives to stimulate growth. On the other hand, the Congress party, the principal opposition, has urged […]
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IREDA Q3 Results: Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago period.
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Get latest articles and stories on Latest News at LatestLY. State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction companies.
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Indian Overseas Bank Unveils Mega NPA Sale Indian Overseas Bank (IOB), a state-run lender, announced on Thursday its decision to sell a substantial amount of non-performing assets totaling Rs 11,500 crore. The move invites asset reconstruction companies (ARCs) to express interest in acquiring 46 distressed loan accounts, according to a bank statement.The sale, to be […]
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Lending in the last fortnight of 2024 outpaced deposit growth, with credit growing 11.16% year-on-year compared to deposits rising by 9.8%. Banks are facing challenges in raising deposits despite increased rates, due to competition from higher-return investments like stocks and mutual funds.
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Supreme Court Steps Up on Amrapali Projects: Unsold Flats and Buyer No-Shows Under Scrutiny The Supreme Court has intensified its efforts to resolve the issues surrounding the unsold flats in the Amrapali projects, urging buyers who haven’t taken possession to do so or risk cancellations. Justices Bela M Trivedi and Satish Chandra Sharma tasked Attorney […]
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Leader of Opposition in Lok Sabha Rahul Gandhi is set to address an election rally in Delhi on January 13, likely in Seelampur. This marks his first rally before the assembly polls. The Congress has recently concluded the Delhi Nyay Yatra to galvanize party support ahead of the elections.
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Being denied a health insurance claim due to lack of documentation can be frustrating, but recent guidelines from the Insurance Regulatory and Development Authority of India (IRDAI) aim to address the issue. These revised rules focus on ensuring transparency, simplifying documentation, and protecting planholders from unfair practices.
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Based on the latest insights from YES Securities, here are the top 5 stocks to watch in 2025, covering a range of sectors, including insurance, jewelry, FMCG, infrastructure, and industrial manufacturing.
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These architects of ‘Swarnim Bharat’ come from diverse backgrounds and include best performers in various fields as well as people who have made the best use of several flagship schemes of the central government, the Defence ministry said.
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Bank officers’ union AIBOC on Thursday threatened to go on a nationwide strike in February
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Get FD interest rates up to 9.1%: Suryoday Small Finance Bank (SSFB) announced its partnership with Tata Digital to extend its FD offerings. This collaboration will enable SSFB to leverage Tata Neu’s reach, providing retail customers with access to the deposit scheme.
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Union Steel Minister H D Kumaraswamy has stated that additional taxes by Karnataka on mining operations will negatively impact the steel and mining sector. He mentioned this during a meeting with Union Law Minister Arjun Ram Meghwal. These taxes are three times higher than those in other parts of the country.
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A personal loan of ₹1 lakh offers immediate access to funds for various needs, with interest rates ranging from 10.50 per cent to 21 per cent. Borrowers should apply cautiously, considering potential drawbacks and eligibility criteria before proceeding.
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Union Ministers HD Kumaraswamy and Arjun Ram Meghwal discussed the impact of Karnataka’s proposed taxes on mineral-bearing lands after mining companies raised concerns, noting the heavy burden of these taxes. The Supreme Court ruled that states can tax such mineral rights and lands with retrospective effect from April 1, 2005.
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Get latest articles and stories on Latest News at LatestLY. Supply chain finance platform KredX on Thursday said it has received the Reserve Bank of India’s (RBI’s) final approval to commercially launch its Trade Receivables Discounting System (TReDS) platform under the brand name DTX (Domestic Trade Exchange).
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Taxpayers who have been issued multiple notices for the same GST issue, albeit for different periods or jurisdictions, stand to benefit the most from this move
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In the previous session, the yellow metal of 99.9 per cent purity ended at Rs 80,000 per 10 grams. The price of gold of 99.5 per cent purity rose Rs 300 to Rs 79,900 per 10 grams on Thursday.
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A study in the European Heart Journal finds that drinking coffee in the morning may offer greater health benefits and lower mortality rates than consumption spread throughout the day. Morning coffee drinkers were found to have a reduced risk of heart disease and overall mortality. These findings emphasize the potential importance of coffee consumption timing […]
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Latest NSC interest rate: National Savings Certificate (NSC) is a government-backed scheme and is considered to be one of the safest investment options that offers a very attractive rate of interest. The main goal of the National Savings Certificate investment is to generate decent returns while also saving tax.
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Wildfires in Los Angeles: In the midst of the emergency caused by the multiple wildfires raging out of control in Southern California, Airbnb has announced that it will offer free and temporary accommodation to people displaced by the fires. This initiative aims to alleviate the situation for thousands of residents who have been forced to […]
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Industry executives are urging that the Goods and Services Tax (GST) structure be changed immediately in order to streamline operations and boost the economy as India prepares for the Union Budget 2025. Generally speaking, experts are working to simplify taxation policies, adjust tariffs, and address sector-specific problems.
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The court said that the interim order issued on December 18, 2024, will continue to be in effect.Amarendra Sahu had filed a criminal complaint against investors of Nestaway alleging they had promised to pay Rs 11.72 crore to him upon the sale of the home rental platform in 2023 to Aurum Prop Tech but reneged […]
Read moreThe court said that the interim order issued on December
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Get latest articles and stories on India at LatestLY. The
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