Business News Updates

EPFO Hikes EPF Interest Rate
EPFO hikes EPF interest rate to 8.25% for 2023-24

As per the decision, the EPFO has fixed an 8.25 percent interest rate on employees' provident fund for the 2023-24 financial year. This is a three-year high from the retirement fund body.

  • Saturday, 10 February 2024
RBI Governor Shaktikanta Das
RBI leaves repo rate untouched at 6.5% for 6th time in a row

Five out of six members of the Monetary Policy Committee voted in favour of the rate decision.

  • Thursday, 08 February 2024
  • RBI
Ola S1X
Ola launches S1X at Rs 1.10 lakh with 190 km range

With the 4 kWh battery pack, the range is up to 190 km (ARAI certified), from 143 km on the 3 kWh variant. It is offered with a 750 W portable charger, that can charge from 0 to 100 per cent in 6.5 hours. It continues to feature the 6 kW motor, with a 0 to 60 kmph time of 5.5 seconds.

  • Saturday, 03 February 2024
Small CVs of Tata Motors
Tata Motors to rebrand its SCV business to ‘take on Mahindra & Mahindra and Ashok Leyland’

As reported by Live Mint, the automaker has plans to capture share it has lost to rival Mahindra & Mahindra and Ashok Leyland in the segment.

  • Saturday, 03 February 2024
UPI's global launch at the iconic Eiffel Tower in France
Planning to visit France? Know all about the UPI launched at iconic Eiffel Tower for Indian Tourists

Meanwhile, taking PM Modi's vision of taking UPI global, India on Friday formally launched UPI at the iconic Eiffel Tower in France.

  • Saturday, 03 February 2024
Paytm will work beyond Feb 29
Paytm app will continue to work beyond Feb 29 as usual: CEO Vijay Shekhar Sharma

Digital payments and services app Paytm is working and will continue to work as usual even after February 29, its CEO Vijay Shekhar Sharma said on Friday.

  • Friday, 02 February 2024
Union Cabinet extends tax rebate scheme for garments' export by 2 years
Union Cabinet extends tax rebate scheme for garments' export by 2 years

This two-year extension aims to establish a consistent policy framework crucial for strategic trade planning, particularly in the textiles sector, known for advanced order placements and long-term deliveries.

  • Thursday, 01 February 2024
PM Modi
It's an inclusive & innovative budget: PM Modi

"This budget carries the confidence of continuity. It will empower all pillars of developed India -- the youth, the poor, women, and farmers," PM Modi said.

FM Nirmala Sitharamana addressing Budget 2024
From economic railway corridors to development of tourist centres, here are key highlights of interim budget 2024

The Finance Minister further informed that the projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity

Mutual Fund
What is ELSS lock-in period & why it is good news for Mutual Fund investors

Many investors who dip their toes into equity markets have some ground rules that involves time in the market. It is believed equities will only benefit investors in case it is held for several years. Investors should not be perturbed by short-term stock market fluctuations as these generally smoothen out over time.

  • Thursday, 01 February 2024
Paytm
What lies ahead for Paytm Payments Bank & its customers after RBI blow

The RBI on Wednesday ordered Paytm to stop accepting fresh deposits in its accounts or popular wallets after February 29, 2024, effectively crippling the company’s business.

  • Thursday, 01 February 2024
Finance Minister Nirmala Sitharaman
Welfare of poor, women, youth, farmers govt's highest priority: Finance Minister Nirmala Sitharaman

She said that earlier, social justice was mostly a "political slogan". For this government, social justice is an effective and necessary governance model, Sitharaman said.

Nirmala Sitharaman
Empowerment of women gained momentum in 10 years: FM Nirmala Sitharaman

Presenting the interim Budget 2024-25, she said 30 crore Mudra Yojana loans have been given to women entrepreneurs.

New aviation routes
Interim Union Budget 2024: 517 new aviation routes are carrying 1.3 Cr passengers, says FM

“The aviation sector has been galvanised in the last 10 years and the number of airports have doubled to 114,” said the Finance Minister.

FM Nirmala Sitharaman
Interim budget 2024: Nirmala Sitharaman shares vision for Viksit Bharat

According to Sitharaman, the next five years will be years of unprecedented development, and golden moments to realise the dream of developed India @ 2047.

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