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New Yorks Transit Agency Approves $9 Congestion Toll

The Metropolitan Transportation Authority approved a revised congestion pricing plan for Manhattan that President-elect Donald Trump has threatened to terminate once he takes office.

19 Nov 2024 3:04 am
Finance Ministry revises norms for dividend payments, share buybacks, stock splits for PSUs

The government has asked state-run NBFCs to pay a minimum annual dividend of 30 per cent of their profit subject to any present legal provisions

18 Nov 2024 11:31 pm
IiAS and InGovern recommend investors reject Zee CEO Goenka's candidature

The opposition from the proxy advisory firmsInstitutional Investor Advisory Services (IiAS) and InGovern Research Serviceswill make it an uphill battle for Goenka to retain the top job at the company his father Subhash Chandra founded in 1992.

18 Nov 2024 10:13 pm
Google hit with 3.8 million rouble fine in Russia for non-compliance

Google has been fined 3.8 million roubles by a Russian court for not removing illegal content. This penalty is part of Russia's ongoing actions against foreign tech firms. 

18 Nov 2024 9:30 pm
Marks & Spencer scales back its home decor business in India

British retailer Marks & Spencer is scaling back its home decor business in India, focusing instead on apparel as part of a broader turnaround strategy. This shift reflects changing consumer preferences and marks a significant strategic pivot for the brand in a competitive market.

18 Nov 2024 9:18 pm
The Good Glamm Group completes acquisition of The Moms Co for undisclosed sum

In October 2021, the Good Glamm Group acquired a majority stake in The Moms Co. through a cash and stock deal, enabling partial exits for The Moms Co. founders Malika Sadani and Mohit Sadani as well as full exits for investors like DSG Capital and Saama Capital.

18 Nov 2024 8:45 pm
Biggest US budget carrier Spirit Airlines files for bankruptcy as debt payments loom

Spirit Airlines said it expects to operate as normal as it works its way through a prearranged Chapter 11 bankruptcy process and that customers can continue to book and fly without interruption

18 Nov 2024 7:02 pm
MakeMyTrip to acquire Happay from CRED, eyes corporate travel leadership

With the acquisition, MakeMyTrip aims to become the go-to platform for comprehensive corporate travel and expense management solutions

18 Nov 2024 6:47 pm
Do I need to bring the money I earned abroad when returning to India?

Under Indias Foreign Exchange Management Act, you are allowed to keep your funds outside India even after you return.

18 Nov 2024 6:09 pm
Why Mamaearth needs to review its offline distribution strategy

The implementation of new distribution strategy cost the company nearly 70 crore in the September quarter, denting Honasas performance.

18 Nov 2024 5:22 pm
Geniemode eyes 500 cr fundraise from new and existing investors

The new capital infusion comes about two years after the startup raised $28 million in its series B funding round in April 2022 at a valuation of $154 million, data from Tracxn showed.

18 Nov 2024 4:30 pm
'Don't mention unmarried requirement': Apple iPhone maker Foxconn asks Indian headhunters to tweak job criteria on ads

Apple iPhone maker Foxconn reportedly ordered its Indian hiring vendors to remove certain job criteria such as age, gender, and marital status from the advertisement. The company did not comment on whether or not it had ended restrictions on employment norms. 

18 Nov 2024 3:52 pm
Argentina investors bet on Milei's popularity a year after his election

ARGENTINA-MILEI/INVESTORS (ANALYSIS, PIX):ANALYSIS-Argentina investors bet on Milei's popularity a year after his election

18 Nov 2024 3:32 pm
hBits offers investors 55 cr rent-yielding commercial asset in MMR for fractional ownership

hBits offers investors 55 cr rent-yielding commercial asset in MMR for fractional ownership

18 Nov 2024 3:24 pm
French farmers mobilize for protests over EU-Mercosur trade deal

French farmers mobilize for protests over EU-Mercosur trade deal

18 Nov 2024 3:02 pm
HealthKart raises $153 million in secondary funding led by ChrysCapital, Motilal Oswal Alternates

HealthKart said financial services platform Neo Group and Healthkarts existing investor A91 Partners also participated in the funding round. The company also announced an employee ESOP buyback worth 55 crore.

18 Nov 2024 2:55 pm
Credit card consumer protection laws: 6 key RBI rules you should know

Credit card users should be aware of RBI regulations that promote transparency, accurate billing, fair debt collection, and privacy protection. These rules ensure user rights are upheld, providing remedies for violations and promoting responsible banking practices.

18 Nov 2024 2:20 pm
Falling markets are just what you needed. Heres why

Rethink, rebalance, reset: Turning a market downturn into a growth opportunity.

18 Nov 2024 2:20 pm
Ready to cash out Bitcoin? Understand income tax rules on cryptocurrency in India

Bitcoin rose over 30% after Trump's victory in 2024. In India, crypto gains incur a 1% TDS and a 30% tax, with no loss offsets allowed. All crypto transfers, including gifts and rewards, are taxable

18 Nov 2024 1:41 pm
Shares rise ahead of Nvidia results; BOJ keeps rates markets guessing

GLOBAL-MARKETS:Shares rise ahead of Nvidia results; BOJ keeps rates markets guessing

18 Nov 2024 1:24 pm
How working abroad gives young Indians a headstart in creating wealth back home to secure financial growth and stability

Young Indian professionals leverage higher foreign salaries to accumulate wealth in India. With strategies to save and invest, they demonstrate how working abroad can facilitate financial growth and future stability.

18 Nov 2024 1:14 pm
Personal Loan: 10 common mistakes to avoid before you apply

Personal loans are now easily accessible online, but applicants must avoid mistakes like applying without need, disregarding credit scores, and submitting multiple applications. Proper planning and comparison can lead to successful approvals and timely repayments.

18 Nov 2024 1:12 pm
Sri Lanka's Marxist-leaning president appoints his Cabinet after a resounding election win

Sri Lanka's Marxist-leaning president appoints his Cabinet after a resounding election win

18 Nov 2024 1:10 pm
Botins Costly Credit Suisse Hiring Spree Is Reshaping Santander

Banco Santander's biggest push yet to expand on Wall Street is starting to lift revenue and transform the retail lender

18 Nov 2024 10:51 am
New pension scheme for minors: Should you invest in NPS Vatsalya?

NPS Vatsalya: Should you invest in this new pension scheme for minors to build wealth

18 Nov 2024 10:50 am
Oil Trader Faces Lawsuit Over Company Hit by US-Iran Sanctions

The energy trader seeking to buy UK gas assets from Shell Plc and Exxon Mobil Corp. was sued over allegations that he diverted money from an Iranian petrochemical company that was later banned from doing business in the US.

18 Nov 2024 10:48 am
Tata Electronics to buy 60% stake in Apple supplier Pegatron's iPhone plant in Tamil Nadu, says report

Tata Electronics has acquired a 60% stake in Pegatron's iPhone plant in India, forming a joint venture. This deal strengthens Tata's position as an Apple supplier and aims to enhance iPhone manufacturing in India amid Apple's efforts to diversify its supply chain.

18 Nov 2024 10:16 am
Credit cards: What are the consumer protection laws that apply to credit cards?

Credit card users' rights are governed by a set of rules and laws which include RBI's guidelines, Consumer Protection Act and Integrated Ombudsman Scheme launched in 2021, among others

18 Nov 2024 9:49 am
Public Provident Fund vs Sukanya Samriddhi Yojana vs Post Office Fixed Deposit: Latest interest rates compared

Saving is important for retirement and emergencies, with PPF, SSY, and fixed deposits as popular options

18 Nov 2024 9:43 am
On a mission to change consumer behaviour, grow premium offerings: Colgate-Palmolives Prabha Narasimhan

Prabha Narasimhan, MD and CEO of Colgate-Palmolive (India), discusses the launch of the year-round Oral Health Movement, the growing focus on premiumization and the challenges of marketing in a diverse nation like India.

18 Nov 2024 5:45 am
Tax regime shift: Is filing ITR under old regime still valid after default new regime?

Effective AY25, the new tax regime has been made the default regime, and the old tax regime has been made optional.

17 Nov 2024 8:47 pm
Amazon India moving headquarters in Bengaluru to save costs

According to two company executives, Amazon's new office in Sattva, a 15-minute drive from the airport on the city's outskirts, is expected to cost less than a third of the nearly 250 per sq. ft. of rent the company currently pays.

17 Nov 2024 6:58 pm
ACME Sun Power gets 3,753-crore loan from REC for wind, solar power projects

The projects would be located at high-resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj and Jam Khambhaliya, Gujarat, for windmill sites. 

17 Nov 2024 6:35 pm
Zee Entertainment boosts targets for MD Punit Goenka ahead of reappointment vote

The board also approved the appointment of Saurav Adhikari as an additional non-executive director with effect from 15 November, Zee said in a filing.

17 Nov 2024 6:14 pm
Indian edtech startups niche down into nursing, allied healthcare upskilling

The rising demand for allied health professionals & nurses, both domestically and internationally, is driving Indian edtech companies to focus on upskilling in this sector.

17 Nov 2024 4:32 pm
FD interest rates: Here's what is on offer by HDFC Bank, SBI, ICICI, Canara & more compare who is offering most

FD interest rates: We examine the fixed deposit offerings of HDFC Bank, State Bank of India, ICICI Bank, Canara Bank, and others. Compare the offers before making a decision to invest.

17 Nov 2024 2:43 pm
Sebi can do more to dissuade retail speculation in futures and options

For starters, investors must be taught that F&O is a hedging instrument and not an investment in itself.

17 Nov 2024 1:45 pm
Ayushman Vay Vandana card sees 10 lakh+ enrollments in 3 weeks: How to apply, benefits | Check details

The Ayushman Vay Vandana Card has seen over 10 lakh enrollments from seniors aged 70 and above, with four lakh women applicants.

17 Nov 2024 12:36 pm
Tata Motors expects PV retail sales to sustain momentum in Q3

Tata Motors expects PV retail sales to sustain momentum in Q3

17 Nov 2024 12:22 pm
Income tax department warns: Declare foreign assets or pay 10 lakh penalty

The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that failure to disclose can lead to a 10 lakh penalty. This includes SMS and email reminders for those potentially holding foreign assets.

17 Nov 2024 12:00 pm
TikTok parent ByteDance's valuation hits $300 billion, sources say

BYTEDANCE-VALUATION:TikTok parent ByteDance's valuation hits $300 billion, sources say

17 Nov 2024 6:47 am
Income tax implications of property sale and gifted proceeds from legal heirs

After the father's death, his heirs plan to sell a jointly-owned house. The son can claim tax exemptions if he reinvests the proceeds in a new home, while the mother and sister face tax liabilities unless they gift their inherited shares to him before the sale

17 Nov 2024 6:17 am
Credit cards: What are the different types of offers that banks give to woo new customers?

Credit card companies i.e., banks usually offer bonuses (such as cash back, airline miles, or points) when users spend a certain amount within the first few months.

16 Nov 2024 9:44 pm
Personal loans: These are the 5 key reasons to borrow money. Check list here

Personal loan: It is quite common for people to take a loan for spending on a wedding, going on a vacation, buying an expensive item or for getting the house renovated, among others

16 Nov 2024 6:43 pm
What is BOB's masterstroke account that has master blaster Sachin Tendulkar on board?

This is a Bank of Baroda's savings bank account for the high-end customers. Essentially, this premium account will offer a slew of features which include higher rate of interest on account balances, lower interest on retail loans, an infinite debit card and lifetime free Eterna credit card

16 Nov 2024 4:08 pm
Hindustan Zinc emerges preferred bidder for gold mine block, set to expand precious metal portfolio

Hindustan Zinc emerges preferred bidder for gold mine block, set to expand precious metal portfolio

16 Nov 2024 3:17 pm
FD interest rates: These 7 banks offer highest interest on their 1-year-FDs

It is advisable to first compare the interest rates offered by different banks before you choose the one for opening of a fixed deposit (FD) account.

16 Nov 2024 2:46 pm
The meteoric rise of Elon Musk from South Africa to US White House, we profile world's richest man

Elon Musk from being an South African immigrant, to becoming the world's richest man and now joining Donald Trump's administration in the US, we take a look at his meteoric rise.

16 Nov 2024 2:22 pm
Deadline Alert! Pensioners must submit life certificates by November 30

The validity of a life certificate is one year from the date of the last submission

16 Nov 2024 12:59 pm
Do I have to file an Income Tax Return (ITR) in India after returning from UK for work?

Returning to India after 15 years, individuals may need to file an Income Tax Return if their income exceeds the exemption limit. Non-residents are generally exempt unless they meet certain criteria. Voluntary filing is recommended for potential future requirements

16 Nov 2024 11:08 am