Business News Updates

Vijay Shekhar Sharma
Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman, Board member

Leading financial services company Paytm said on Monday that its founder and CEO Vijay Shekhar Sharma has stepped down as Non-Executive Chairman and Board Member of Paytm Payments Bank Ltd (PPBL), as the Reserve Bank of India (RBI) ban on the bank's operations inches closer.

  • Tuesday, 27 February 2024
India's poverty level has fallen below 5%: NITI Aayog CEO
Poverty in India has dropped below 5%: NITI Aayog

"The consumer expenditure survey also reflects the success of the poverty alleviation measures taken by the government," Subrahmanyam told journalis

RBI
RBI notifies banks on interest equalisation scheme for rupee export credit

The rate of interest equalisation shall be 2 pert cent for manufacturers and merchant exporters exporting under specified 410 HS lines and 3 per cent for MSME manufacturers exporting under any HS line.

  • Thursday, 22 February 2024
  • RBI
Kawasaki Ninja 500
Kawasaki launches Ninja 500 in India; check price & specs

The Indian-spec model gets a single standard variant; the other markets get an additional SE variant as well. The Japanese middleweight inherits a larger displacement, which is already featured in the 2024 Eliminator, and is available in a single metallic spark black colour scheme.

  • Thursday, 22 February 2024
AI skilling for 11K Indian innovators, startups, youth; Microsoft, iCreate, IT ministry join hands
AI skilling for 11K Indian innovators, startups, youth; Microsoft, iCreate, IT ministry join hands

On completion, the participants will receive globally recognised certifications from Microsoft, providing a boost to their employability and career progression.

RBI
India’s Q4 GDP growth at 7%, surge in corporate investments likely: RBI

“The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high frequency indicators,” the bulletin states.

EPFO Payroll Data Released
EPFO adds 15.62 lakh net members in December 2023; highest in last 3 months

The surge in membership can be attributed to various factors, including increased employment opportunities, a growing awareness of employee benefits, and the effectiveness of EPFO's outreach programs

  • Tuesday, 20 February 2024
Paytm FASTag
Paytm FASTag to stop functioning after March 15: Key details you should know

RBI cracks down on Paytm, stopping deposits and FASTag top-ups after February 29. NHAI removes Paytm as a FASTag provider. Users must deactivate Paytm FASTag.

Financial package for rubber sector hiked by 23% to Rs 708 crore: Centre
Financial package for rubber sector hiked by 23% to Rs 708 crore: Centre

It said that to support the rubber industry, planting of rubber will be undertaken in 12,000 hectares (ha) in traditional areas during 2024-25 and 2025-26 with an outlay of Rs 43.50 crore.

  • Monday, 19 February 2024
BYD Seal EV
BYD’s next EV offering Seal sedan on March 5

The electric sedan features a coupe-like design with an all-glass roof, flush-fitting door handles, split LED headlights with boomerang-shaped LED DRLs, and a full-width LED light bar at the rear.

  • Saturday, 17 February 2024
Put customers’ interest first: RBI Governor Das tells bank CEOs
Put customers’ interest first: RBI Governor Das tells bank CEOs

At the meeting held here, the RBI Governor complimented the banks on their improved financial performance and that of the whole banking sector.

  • Wednesday, 14 February 2024
Bullet train corridor to cut 508 km Mumbai-Ahmedabad travel time to 2 hours; Minister shares video
Bullet train corridor to cut 508 km Mumbai-Ahmedabad travel time to 2 hours; Minister shares video

The video describes the project as "a marvel of world-class engineering" and the "future of India."

  • Tuesday, 13 February 2024
Maruti Suzuki Air Copter
Maruti Suzuki Air Copters on cards! Know all about it here

The report also says the company aims to introduce new mobility solutions, initially in Japan and the US, before expanding to India. These air taxis could potentially transform air transportation much like the on-ground versions of Uber and Ola.

  • Tuesday, 13 February 2024
Skoda Enyaq
Enyaq, Skoda’s first EV offering for India confirmed for Feb 27 launch

First showcased at the Bharat Global Mobility Expo earlier this month, the Enyaq was also spotted undergoing tests on Indian roads, generating anticipation for its official arrival.

  • Tuesday, 13 February 2024
ESIC Hospital
ESIC eases norms to extend medical cover to retired workers

The persons who were in insurable employment for at least five years after April 1, 2012, and superannuated or voluntarily retired on or after April 1, 2015 with wages up to Rs 30,000 per month will now be eligible to avail of medical benefits under the new scheme.

  • Sunday, 11 February 2024
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