Asia’s richest businessman Mukesh Ambani is set to assist the country’s citizens in fulfilling their dream of owning a home. His non-banking financial company (NBFC) is developing plans to provide loans to the general public. The groundwork for this initiative has already begun. Mukesh Ambani launched his NBFC, Jio Financial, last year. However, on Friday, ...
Introduction The Indian Union Minister Sarbananda Sonowal announced that the proposed Wadhawan Port in the Palghar district of Maharashtra is expected to generate 1.2 million job opportunities for local youth and women once operational. Speaking at the foundation stone laying ceremony for the port project at the CIDCO grounds in Palghar, Sonowal emphasized that under ...
The economic landscape of Ayodhya, Uttar Pradesh, is witnessing significant changes following the construction of the Ram Janmabhoomi temple. Since the temple’s establishment, there has been a marked increase in land prices in the region, prompting local authorities to consider raising the circle rates in several areas. Reports suggest that these rates may see an ...
When we talk about expensive stocks, our eyes often turn to America and Europe. However, India has several stocks valued not just in hundreds, but in thousands. Notably, there’s a stock whose price exceeds a whopping one lakh rupees. Just a few months ago, this stock even reached one and a half lakh rupees. This ...
The financial landscape in India is experiencing a significant shift as the country’s banks, whether public giants like SBI or smaller private institutions, are grappling with an alarming decline in deposits. Where once the cumulative bank deposits soared to an impressive ₹2.86 lakh crore, recent reports indicate that this figure has plummeted to just ₹0.95 ...
Investing in the stock market is not for everyone, as it carries a significant amount of risk. In India, mutual funds have become increasingly popular, providing a more accessible and less risky alternative to direct stock market investments. Many first-time investors in the stock market often turn to mutual funds for a safer entry into ...
Have you ever faced a situation where your company informed you about the deduction from your salary as part of the CTC (Cost to Company) for the Provident Fund (PF), only to find out upon leaving the company that a portion of your PF was never deposited? Fortunately, such occurrences may soon be a thing ...
Indian industrialist Gautam Adani has been on a growth trajectory since the controversies surrounding the Hindenburg report began to subside. Recently, his company has successfully raised several thousand crore rupees through a qualified institutional placement (QIP). Now, in a strategic move to expand his port operations, Adani is set to acquire a 15-year-old company for ...
India’s Forex Reserves Reach Historic High The Reserve Bank of India (RBI) has delivered fantastic news to the government: the country’s foreign exchange reserves have hit a historic high, marking a significant financial boost despite challenges faced in GDP growth. In a remarkable turning point, the government has seen an increase of ₹59,000 crores (approximately ...
The Unified Payment Interface (UPI) of India is rapidly becoming the favorite payment system globally. An impressive aspect of this Indian payment system is its ability to overshadow even China’s dominance in the digital payment space. In just five months, UPI transactions soared to nearly $1 trillion, equivalent to ₹81 lakh crores. In contrast, payment ...