Month: September 2023

AM Naik stepped down as the chairman of L&T Group on Saturday. He handed over the reins of the $23 billion conglomerate to SN Subrahmanyan at an event in Mumbai. … Read More

The RBI has said that ₹2,000 notes will continue to be legal tender but can be exchanged and deposited at bank branches only till October 7 | The Hindu

The government on Friday increased the interest rate on five-year recurring deposit scheme by 20 basis points for the October-December quarter. The interest has been hiked from 6.5% to 6.7%. … Read More

The strained relationshs put a pause to optimistic negotiations about a Indo-Canadian trade deal, almost set to be clinched later this year; other concerns include hardships for Indian students in … Read More

They will henceforth be treated as “actionable claims” similar to lottery, betting and gambling and subject to 28% GST on full face value of bets. | The Hindu

The duty on jet fuel or Aviation Turbine Fuel (ATF) will be reduced to ₹2.5 per litre | The Hindu

While this constitutes the fifth successive hike in the returns on select small savings schemes, the Public Provident Fund rate has not been hiked since January 2019 | The Hindu

Reserve Bank Deputy Governor T Rabi Sankar on Friday said the high cost of remittances for countries despite the available technology was “unconscionable”, and India is in talks with more … Read More

International Holding Company (IHC) will sell its stake in two Adani Group companies, the Abu Dhabi-based firm said in a note to the markets. IHC said it has “entered into … Read More

Markets regulator SEBI on Wednesday extended the deadline for mutual fund account holders till January 1, to nominate a beneficiary or opt out of it by submitting a declaration form, … Read More