Here’s all you need to know about RBI’s Unclaimed Deposits portal
Mumbai, March 5 - The Reserve Bank of India (RBI) on Tuesday issued a set of frequently asked questions (FAQs) about its UDGAM portal to help people recover their funds that are stuck in unclaimed deposits/ accounts with banks.
Income Tax Dept allows trusts to rectify their error over Form 10B/10BB till March 31
New Delhi, March 5 - The Central Board of Direct Taxes (CBDT) has given more time to trusts and institutions which have submitted the wrong forms to claim income tax exemption, to rectify their error and submit their audit reports with the forms
RBI bars JM Financial from giving loans against shares, debentures
New Delhi, March 5 - The Reserve Bank of India (RBI) on Tuesday directed JM Financial Products Limited to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursal of loans against initial
Centre rolls out 200 CNG stations across 17 states in big push to green economy
New Delhi, March 5 - Minister for Petroleum and Natural Hardeep Singh Puri on Tuesday dedicated to the nation as many as 201 Compressed Natural Gas (CNG) stations across 17 states and India’s first small-scale LNG unit at Vijaipur in Madhya Pradesh as
Nifty snaps four-day winning streak on account of profit booking
Mumbai, March 5 - Nifty snapped a four-day winning streak on Tuesday on account of profit booking, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Digital lending platform mPokket raises up to Rs 500 crore from BPEA Credit
New Delhi, March 5 - Digital lending platform mPokket on Tuesday said it has raised up to Rs 500 crore (around $60 million) in debt capital from BPEA Credit's private credit platform.
India’s inclusion in Bloomberg Bond Index likely to attract investment exceeding $5 bn
New Delhi, March 5 - The decision to include Indian bonds in the Bloomberg Emerging Market Index, coming after the decision of JP Morgan to include India in the JP Morgan’s Emerging Market Bond Index, is a vote of confidence in the Indian
Govt targets 5-fold jump in India’s share of global space economy
Ahmedabad, March 5 - India’s Space economy stands at a modest $8 billion, but the government is targeting a five-fold increase in the country’s share of the global space economy, Union Minister Jitendra Singh said on Tuesday.
India story revolves around robust earnings growth: HSBC’s Van Der Linde
New Delhi, March 5 - The India story is not overly dependent on macro factors such as decisions by the central bank or interest rates in the country but revolves around visible and robust earnings growth, Herald Van Der Linde, head of Asia
Rajasthan: NABARD announces priority sector credit potential of Rs 3.62 lakh crore for FY 2024-25
Jaipur, March 5 - In a significant move towards fostering integrated and sustainable rural prosperity, the National Bank for Agriculture and Rural Development (NABARD) has announced a projected priority sector credit potential of Rs 3.62 lakh crore for the financial year 2024-25.
Technology’s share in world Mcap nearing 40 pc, showing high-level of concentration
New Delhi, March 5 - Technology’s share in world market cap is nearing 40 per cent, and no sector has reached this level of concentration before, as per an analysis by DSP Mutual Fund.
ACES to provide mobile infra services on underground Mumbai Metro 3 line
Mumbai, March 5 - The ACES India Pvt Ltd, a subsidiary of ACES Saudi Arabia, will provide mobile infrastructure services on the upcoming Mumbai Metro 3 line, the city’s first fully underground corridors, top officials said here on Tuesday.
Heatwaves, floods hit incomes of rural women, elderly more: FAO
Rome, March 5 - Extreme climate events like heatwaves and floods disproportionately affect the incomes of rural women, people living in poverty and older adults, according to a new report from the Food and Agriculture Organisation (FAO) of the United Nations on Tuesday.
Over two-third of all smallcap stocks have become multibaggers since Covid bottom
New Delhi, March 5 - More than two-third of all smallcap stocks have become multibaggers since the stock market bottom of Covid-19, as per an analysis by DSP Mutual Fund.
Gevra coal mine in Chhattisgarh poised to become largest in Asia
New Delhi, March 5 - Chhattisgarh-based Coal India subsidiary South Eastern Coalfield Limited’s (SECL) Gevra mine is set to become the largest coal mine in Asia as it has been granted environmental clearance to expand production capacity to 70 million tons per annum
BHEL gets over Rs 9,500 crore order from NTPC for Singrauli Super Thermal Project
Chennai, March 5 - Power equipment major Bharat Heavy Electricals Ltd (BHEL) has secured a power plant engineering, procurement, and construction (EPC) order of over Rs 9,500 crore from NTPC Ltd.
Google temporarily reinstates all delisted apps after Centre’s intervention
New Delhi, March 5 - Google on Tuesday said that it is temporarily reinstating all the delisted apps of developers with appeals pending in the Supreme Court, as the government met the tech giant and digital startups to resolve the matter.
Swiggy, IRCTC ink MoU to provide food delivery service on trains
New Delhi, March 5 - Online food delivery platform Swiggy on Tuesday said that the company has signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide food delivery service on trains.
SEBI issues show-cause notice to PC Jeweller alleging non-compliance of disclosure requirements
New Delhi, March 5 - PC Jeweller has received a show-cause notice from the Securities and Exchange Board of India (SEBI) alleging non-compliance of listing and disclosure requirements.
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi, March 5 - Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.