July 13, 2024 05:52 (IST)
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Anant Ambani and Radhika Merchant are now married | BJP, allies sweep Maharashtra Legislative Council Poll winning 9 of 11 seats | Supreme Court Collegium recommends appointment of new CJIs in 8 High Courts | Agnipath: Centre fields CISF chiefs to reiterate Modi govt's commitment to 10 percent reservation for Agniveers | BJP MP Kangana Ranaut asks her visitors to bring Aadhaar card, sparks row

RBI cautions banks against 'lakhs of accounts' used for fraudulent transactions, loan evergreening

New Delhi/IBNS: The Reserve Bank of India (RBI) has cautioned banks against having "lakhs of accounts" used for fraudulent transactions and loan accounts' evergreening, media reports said.

Chandrababu Naidu holds meeting with BPCL team and VinFast aiming 'large scale investment and job creation' in Andhra Pradesh

Vijayawada/IBNS: In a bid to "rebuild" his state after storming back to power, Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday held a couple of meetings with an aim to bring investment and create jobs.

Central govt employees may get 50% of their last drawn salary as pension under NPS: Report

New Delhi: As the Finance Ministry prepares to present the full fiscal year budget for 2024-25, the National Democratic Alliance (NDA) government is considering offering central government employees a pension equivalent to 50% of their last drawn salary under the National Pension System (NPS), according to a report by the Times of India.

SEBI to review recommendations for formation of panel on futures and options to mitigate increasing leverage and volatility

Mumbai: The Secondary Market Advisory Committee (SMAC) formed by the Securities and Exchange Board of India (SEBI) is scheduled to meet on July 15 to review recommendations from an expert panel focused on futures and options, NDTV profit reported.

Govt receives dividend of Rs 6,481 cr from 4 PSU banks

New Delhi: Four public sector banks, including Canara Bank and Indian Bank, on Wednesday presented dividend cheques worth Rs 6,481 crore to Finance Minister Nirmala Sitharaman for financial year 2023-24.

Yes Bank stake $5 billion sale: First Abu Dhabi Bank PJSC among potential buyers

Mumbai: First Abu Dhabi Bank PJSC is among the potential buyers for a stake valued at approximately $5 billion in India's Yes Bank Ltd, Bloomberg reported citing sources familiar with the situation.

IITs witness fall in placement due to hiring slump: Report

New Delhi: Salaries for engineers graduating this year from the Indian Institutes of Technology (IITs) have declined due to a hiring slowdown. According to separate studies by Deloitte and TeamLease, the annual pay for the class of 2024 is now in the range of Rs15-16 lakh, media reported.

JLR retail sales rises 31% YoY to 1,371 units in Q1FY25

Mumbai: Jaguar Land Rover (JLR) on Wednesday said that its retail sales rose by 31 percent year-on-year to 1,371 units in the first quarter ending June 30, 2024.

Delta, Riyadh Air sign agreement to expand connectivity across North America, Saudi Arabia and beyond

Atlanta/IBNS: Delta Air Lines, one of the major airlines of the United States, and Riyadh Air, a planned second flag carrier of Saudi Arabia, have signed a Strategic Cooperation Memorandum of Understanding with the goal of introducing a broad range of benefits for customers travelling between North America, Saudi Arabia and destinations beyond.

AMFI data shows equity fund inflows jump by 17% in June to over Rs 40,000 cr

Mumbai/IBNS: The Association of Mutual Funds of India (AMFI), the nodal association of mutual funds across the country, has reported a 17 percent month-on-month (MoM) rise in equity fund inflows.

Adani Ports gets big relief as Supreme Court suspends Gujarat HC's order on 108 hectares land near Mundra Port

New Delhi: Adani Ports received a big relief as the Supreme Court on Wednesday suspended a Gujarat High Court order that directed the state government to reclaim 108 hectares of grazing land granted to the ports company, media reported.

Adani Power shares slightly up after RIL acquires 26% stake in Mahan Energen's unit

Mumbai/IBNS: The shares of Adani Power were slightly up on Wednesday (July 10), a day after the company's wholly owned subsidiary Mahan Energen Ltd. (MEL) announced that it has entered into a 20-year power purchase deal for 500 MW with Reliance Industries Limited (RIL).

Indian gaming companies want to distance themselves from fantasy sports: Report

New Delhi/IBNS: The real-money gaming firms and fantasy sports startups have marketed themselves as video gaming companies for over a decade, but a coalition of more than 70 Indian video game firms is urging the government to create a clear distinction between their industries as these businesses face rising regulatory scrutiny, reports TechCrunch.

Latest RBI job data reveals India's employment growth rate accelerates to 6% in FY24

New Delhi/IBNS: A data released by the Reserve Bank of India (RBI) on Monday (July 8) showed that nearly 4.67 crore new jobs were created in India during the financial year 2023-24 taking the total number of employed persons in the country to 64.33 crore.

MobiKwik gains market share, becomes largest wallet player

Mumbai: MobiKwik, one of India's largest digital financial products and services platforms, has achieved the largest number of PPI Wallet transactions by value for the months of April and May 2024.