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Mumbai, Aug 3: The Reserve Bank of India is expected to maintain the key short-term lending rate, or repo rate, at 5.5% in its upcoming monetary policy review on Wednesday, despite economic headwinds and persistent uncertainty over US tariffs. According to leading economists, the central bank may opt for a wait-and-watch approach after having already delivered three consecutive rate cuts totalling 100 basis points. The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, wi ...Read More >
Punjab National Bank (PNB) is well poised to touch the milestone of ₹30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to ₹27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of ₹26.43 lakh crore while Canara Bank at ...Read More >
New Delhi, Aug 3 (SocialNews.XYZ) With the income tax return (ITR) filing date extended to September 15, taxpayers have more time to decide whether to choose the old or new tax regime. Salaried employees or pensioners without business income can change their tax regime at any time prior to filing their ITR every year by simply selecting the relevant option on the ITR-1 or ITR-2 form. With commercial or professional income, the regulations are stricter. Only once in your lifetime may you return ...Read More >
Mumbai, Aug 3 (PTI) The Reserve Bank is likely to hold the key short-term lending rate at 5.5 per cent in its upcoming bi-monthly monetary policy on Wednesday after three back-to-back reductions, notwithstanding the headwinds to near-term economic growth in the wake of elevated US tariff uncertainties and subdued inflation trends, according to experts. However, some experts opined that the central bank may go for another round of rate cuts as challenges to the growth outlook outweigh potential ...Read More >
New Delhi | Punjab National Bank (PNB) is well poised to touch the milestone of Rs 30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to Rs 27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of Rs 26.43 lakh crore while C ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. ED move comes after the agency summoned Anil Ambani for questioning in the case and directed him to ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. Also Read | Anil Ambani in Trouble: ED Issues Look Out Circular Against ADAG Chairman in INR 17,000 ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
Pune (Maharashtra) [India], July 20 (ANI): In a major crackdown on illegal immigration and human trafficking, the Pune City Police arrested five Bangladeshi women from the Budhwar Peth red-light area in Pune. Acting on a specific tip-off, senior officers from the Faraskhana Police Station and the Anti-Human Trafficking Unit (AHTU) launched a targeted operation in the red light area on Friday. The arrested women were found to be residing illegally in India without valid documentation. Also Read ...Read More >
NEW DELHI: Delhi Congress president Devender Yadav on Saturday criticised the Rekha Gupta-led BJP government in the city over the worsening pollution levels in the Yamuna River, calling it a "grave concern". Referring to the July pollution report by the Delhi Pollution Control Committee (DPCC), Yadav said that pollution levels in the Yamuna have worsened since March. This, he said, clearly exposes the BJP's hollow promises on cleaning the river. He alleged that the government has only made tal ...Read More >
Shivshankar Mitra, a chief manager at a nationalised bank in Baramati, was found dead. He committed suicide inside the bank after work hours. Mitra had resigned recently due to health issues and workload. He left a note citing work pressure as the reason. His wife discovered the body when he didn't return home. A senior bank official was found dead by suicide at a nationalised bank's branch in Baramati, Pune district, Maharashtra, late Thursday night. The police recovered a note at the scene in ...Read More >
Pune, Maharashtra: A senior bank manager died by suicide inside the bank premises in Baramati, Pune district, on Thursday night, with a note citing work pressure as the reason. The deceased, Shivshankar Mitra, in his late 40s, was serving as Chief Manager at the Baramati City branch of Bank of Baroda. Mitra had resigned from his post on July 11, citing health issues and workload, and was serving his notice period, a police official said. He was reportedly undergoing medical treatment at the tim ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
MUMBAI : In the face of decadal-low savings rates, state-run banks are hoping that dropping charges for not maintaining a minimum balance will help hold customers' interest in bank deposits. The decision, said two bankers close to the matter, follows a regulatory push to address customer grievances, as well as internal surveys that estimated limited revenue loss if such minimum balances are not maintained. "The Reserve Bank of India wanted us to look into complaints, and this was one of the ma ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
BusinessWire India New Delhi [India], July 15: Dreame Technology, a global leader in smart home appliances, has officially entered the offline retail space in India, through a partnership with Croma, marking a pivotal step in its growth strategy for the market. Following strong demand and consistent success on Amazon India, the brand is now bringing its intelligent cleaning and grooming innovations directly to physical retail--making its products more accessible, experiential, and tangible for ...Read More >
New Delhi: Cooling prices offered a double dose of relief in June, with both retail and wholesale inflation easing sharply, signalling a broad-based tempering of cost pressures across the economy. Retail price inflation measured by the Consumer Price Index (CPI) came in at 2.1% in June, its slowest pace since January 2019, while wholesale price index-based inflation fell to a 21-month low in June, at -0.13%, marking the first negative reading since October 2023, according to provisional governm ...Read More >
Mumbai, July 14: In a tragic incident, Sardar Fauja Singh Ji, the legendary marathon runner, has reportedly passed away at the age of 114 years. The legendary marathoner reportedly died in an accident. Pictures of him being taken on a stretcher with blood on his body have surfaced on social media. There are reports that he was hit by an unidentified vehicle today afternoon at around 3.30 PM in his village, Beas located in Punjab's Jalandhar. He was rushed to a nearby hospital, where he was repor ...Read More >
New Delhi, July 14 (SocialNews.XYZ) The first quarter of the current financial year (Q1 FY26) has been a very productive period for the corporate bond market as the issuances have crossed the Rs 3 lakh crore mark, the highest in the last 4 years, according to a report on Monday. In the April-June quarter, issuances reached a peak of Rs 3.27 lakh crore, representing a 42.7 per cent increase over the Rs 2.29 crore recorded in the same quarter the previous year, a report from Bank of Baroda (BoB) ...Read More >
New Delhi: India's economic growth remains on track amid global uncertainties, with an improvement in high frequency indicators for both services and manufacturing, and consumption picking up momentum during Q1/FY26 versus Q4 of FY25, according to a Bank of Baroda (BoB) report released on Friday. High frequency data available for the first quarter (Q1) so far shows that consumption demand appears to be improving compared with the last quarter. This is reflective in the rise in steel consumption ...Read More >
New Delhi: Good news for bank customers! Several major public sector banks in India have scrapped the requirement to maintain an Average Monthly Balance (AMB) in savings accounts. This move comes as a big relief for account holders, especially those struggling to meet the minimum balance rules. Average Monthly Balance (AMB) is the average amount you need to keep in your savings or current account every month. Banks calculate this at the end of each month. If your balance falls below the require ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. Th ...Read More >
As Pushkar Singh Dhami completes four years in office this July, he has emerged as the Bharatiya Janata Party's (BJP) longest-serving Chief Minister in Uttarakhand -- a notable achievement in a state known for frequent leadership changes. From being a relatively untested choice in 2021 to gaining national attention with the implementation of the Uniform Civil Code (UCC), Dhami's tenure has been marked by high visibility and legislative activism.When Dhami took charge in July 2021, just months ah ...Read More >
Chamoli (Uttarakhand) [India], July 4 (ANI): The Badrinath National Highway is blocked due to debris falling from the hillside near Nandprayag and Bhanerpani. The state is experiencing heavy rainfall, triggering debris to fall from the hill and disrupting life. The Chamoli Police informed about the incident. The National Highway near Nandprayag is a critical route for pilgrims travelling to Kedarnath, making the clearance of the road a priority. Also Read | 'Married Woman Cannot Allege She Was ...Read More >
Srinagar (Jammu and Kashmir) [India], July 4 (ANI): People gathered in large numbers on the roads of Srinagar ahead of the traditional Muharram procession on Friday. Divisional Commissioner Kashmir, Vijay Kumar Bidhuri said, "This is the third consecutive year when Muharram is being observed. The District Administration has made all necessary arrangements for the 'azadaars'. Police arrangements have been made keeping safety and security in mind... I urge everyone to keep the procession limited ...Read More >
(Reuters) -India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim order on Jane Street's alleged mani ...Read More >
BHUBANESWAR: Prime Minister Narendra Modi gifted a handcrafted silver filigree purse from Cuttack to First Lady of Ghana Lordina Mahama during his visit to the country. Meticulously handcrafted by skilled artisans, it features delicate floral and vine motifs formed from fine silver wires, combining airy lightness with durability and elegance. Traditionally used in jewellery, Cuttack's filigree now adorns modern accessories like this purse, blending heritage with contemporary style. PM Modi arr ...Read More >
July 4 (Reuters) - India's benchmark equity indexes are expected to open largely flat on Friday as investors assess the market regulator's move to bar U.S. trading company Jane Street from the local securities market over alleged manipulation. The Gift Nifty futures was down 0.2% at 25,516 points, as of 8:14 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will hover around its previous close of 25,405.3. The Securities and Exchange Board of India (SEBI) has passed an interim orde ...Read More >
Bhubaneswar (Odisha) [India], July 4 (ANI): In the case of assault on Ratnakar Sahoo, Additional Commissioner of the Bhubaneswar Municipal Corporation (BMC), BJP leader Jagannath Pradhan surrendered in the DCP office, Bhubaneswar, and subsequently was arrested by the police. Earlier, the Bharatiya Janata Party's Odisha unit had suspended five of its members over their alleged involvement in the violence at the Bhubaneswar Municipal Corporation (BMC) office, where Additional Commissioner Ratnaka ...Read More >
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