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A Demat account in India is essential for holding shares and securities in electronic form, eliminating the need for physical certificates. It simplifies trading by facilitating quick transactions and offers benefits like reduced risks of loss or theft. Demat accounts can hold various financial instruments, including stocks. They are linked to a bank account for […]
A Deloitte India survey revealed that 74% of high-end corporate taxpayers want near real-time reporting and compliance monitoring by the Income Tax Department. The survey, covering 250 top taxpayers, also found that 67% seek tax e-wallets for prompt refunds and adjustments. Respondents advocated for adopting the Standard Audit File for Tax (SAF-T) to enhance tax […]
PhonePe announced that it has reached 6.4 million ratings on the Apple App Store in India, with an impressive average rating of 4.7 stars. This milestone makes PhonePe the top-rated app in India, surpassing YouTube, Instagram, and WhatsApp. The achievement reflects the app’s superior user interface, high transaction success rates, and strong user preference.
Realty firm RMZ has formed a joint venture with Colt Data Centre Services (Colt DCS) to invest USD 1.7 billion in India’s data centre market. The partnership, through RMZ Digital Infrastructure Partners (RDIP), aims to develop digital infrastructure in the country. Colt DCS, a leading global hyperscale data centre operator, will collaborate in this venture.
Indian stock markets ended their seven-day losing streak to settle in positive territory on Tuesday. Sensex added 239.37 points, or 0.31%, to settle at 77,578.38. Similarly, Nifty settled higher at 23,518.50, up 64.70 points or 0.28% from its previous close. Among broader markets, Smallcap and Midcap indices rose 0.97% and 0.93%, respectively.
The Sensex and Nifty opened at fresh record levels in early trade today, November 19, 2024. The Sensex started trading today at 77548.00, up 208.99 points or 0.27%, and the Nifty was at 23529.55, up 75.75 points or 0.32%. Meanwhile, the Indian rupee was trading today at 84.40 against the dollar.
Reliance Power and Reliance Infrastructure have reconstituted their boards by promoting senior officials. Ashok Pal, CFO of Reliance Power, has been elevated to Executive Director. Sachin Mohapatra, CEO of Sasan Power Ltd, and Harmanjit Singh Nagi, President of Corporate Development at Reliance Power, have been appointed as additional directors on the Reliance Power board.
A ₹120 crore penthouse in Mumbai, featuring a 16,000-square-foot area, six bedrooms, a rooftop pool, and more, remains unsold despite high demand. The property’s owner, however, screens potential buyers based on social status, finances, and background, making it difficult to secure a buyer. The penthouse’s prime location and luxury amenities are not enough to close […]
An Indian-origin CEO, Daksh Gupta of AI startup Greptile, has faced death threats after his post about the company’s demanding 84-hour workweek went viral. Gupta stated that his inbox was filled with 20% death threats and 80% job applications. He acknowledged the high-stress environment but clarified that this intense work culture is temporary, aimed at […]
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as part of a Chapter 11 restructuring process. The budget airline, which has lost over $2.5 billion since 2020, aims to recover from pandemic-related losses and a failed sale to JetBlue. Spirit assured customers that operations would continue as usual, with no interruption […]
State Bank of India (SBI) has raised Rs 10,000 crore through its seventh infrastructure bond issuance at a coupon rate of 7.23%. The issue, oversubscribed more than twice, attracted bids worth Rs 11,500 crore from a range of investors, including pension funds and insurance companies. The funds will support infrastructure and affordable housing projects, with […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 18, 2024. The Sensex started trading today at 77845.96, up 265.65 points or 0.34%, and the Nifty was at 23644.40, up 111.70 points or 0.47%. Meanwhile, the Indian rupee was trading today at 84.39 against the dollar.
Here are the diesel prices per liter in the top cities. ★ Delhi – ₹87.62, ★ Kolkata – ₹91.76, ★ Mumbai – ₹89.97, ★ Chennai – ₹92.34, ★ Gurgaon – ₹87.65, ★ Noida – ₹87.86, ★ Bangalore – ₹88.94, ★ Bhubaneswar – ₹92.62, ★ Chandigarh – ₹82.40, ★ HYD – ₹95.65, ★ Jaipur – ₹90.36, […]
Elon Musk’s SpaceX will assist India by launching the Gsat-20 communication satellite, which weighs 4,700 kg. India’s space agency, ISRO, typically uses its LVM-3 rocket for satellites up to 4 tonnes, but since Gsat-20 exceeds that weight, ISRO has requested SpaceX’s help. SpaceX’s Falcon-9 rocket, capable of launching payloads up to 8.3 tonnes, will carry […]
RBI Governor Shaktikanta Das said that Indian economy is strong enough to handle any shocks from global events. “Growth of Indian economy presents a picture of stability and strength,” Das said. He was addressing people at the launch of Kochi International Foundation. India’s external sector is also strong and the current account deficit (CAD) remained […]