In a shocking turn of events, prominent industrialist Anil Ambani has faced significant repercussions from the Securities and Exchange Board of India (SEBI). The market regulator has imposed a ban on Ambani for five years, alongside a hefty penalty of Rs 25 crores. This decision affects Ambani as well as 24 other entities, barring them ...
India’s defense sector is on the brink of a significant transformation, with stocks poised to take off. If you are an investor in the stock market, this news could prove beneficial for you. Recent developments indicate that stocks related to defense companies are set to experience pivotal changes in the upcoming days. Defense Minister Rajnath ...
Gautam Adani’s Continued Expansion in the Power Sector Business magnate Gautam Adani is poised for further expansion in the power sector. The Adani Group is once again in acquisition mode, preparing to purchase another company with an investment of ₹4,100 crore. The power company, Lanco Amarkantak, is currently undergoing insolvency proceedings, and the National Company ...
Introduction The Chandrayaan-3 mission has successfully completed one year, marking an incredible milestone for India in the space exploration sector. This achievement has not only elevated India’s status on the global stage but also celebrated the significant contributions of various entities involved, especially L&T (Larsen & Toubro), a major Indian conglomerate. Let’s delve into L&T’s ...
Attention all bank customers! If you have any banking tasks pending, today is the last day to get them done. Starting tomorrow, banks across the country will remain closed for a continuous three days. The closure is a result of the pre-announced holiday schedule released by the Reserve Bank of India at the beginning of ...
If you have been dreaming of purchasing your dream car, it might be time to pause and think again. The government of Punjab has made car ownership more expensive for the general public. Recently, the Punjab government increased the tax on cars and two-wheeler vehicles by up to one percent. This means the overall cost ...
The gold loan market in India is experiencing remarkable growth, mirroring the broader upward trends seen across various sectors, from the stock market to retail. As people increasingly seek financial solutions, there has been a significant rise in the practice of taking out loans against gold, with many individuals opting to use their gold assets ...
The Finance Minister of India, Nirmala Sitharaman, emphasized the critical role of regional rural bank officials in fulfilling the vision of a developed India during a review meeting held in Udaipur on Thursday. She urged these officials to strengthen their local connections to effectively implement government schemes and benefit the general public. Instructions from the ...
India’s Economy: On the Fast Track Amid Global Concerns India’s economy is showing robust growth despite global challenges. While the world grapples with fears of recession, especially in the United States, and faces disruptions in supply chains, the Indian economy continues to forge ahead at a remarkable pace. The Indian government’s latest economic review report ...
Income Tax Return Updates Introduction The Income Tax Department has announced a significant initiative that could alleviate concerns for millions of taxpayers in India. An internal committee will be reviewing the provisions of the Income Tax Act of 1961, with the aim of eliminating unnecessary clauses and adopting best global practices to enhance compliance and ...