In September, WhatsApp banned over 8.5 million accounts in India for policy violations, with 1.66 million proactively flagged. The company received 8,161 complaints and took action on only 97 of them, according to its monthly compliance report under IT Rules 2021. WhatsApp, with over 600 million users in India, continues to enhance its moderation efforts.
India’s Goods and Services Tax (GST) collections for October reached ₹1.87 lakh crore, marking an 8.9% increase from ₹1.72 lakh crore in the same month last year. Cumulative collections for 2024 stand at ₹12.74 lakh crore, a 9.4% rise compared to 2023. This growth signals a robust economic recovery, reflecting strong domestic consumption and import […]
Elon Musk’s Starlink and Amazon’s satellite internet services face delays in India as the Department of Telecommunications (DoT) demands additional security compliance. While Airtel and Jio have received approvals, Starlink and Amazon are yet to submit required documentation. The DoT emphasizes the need for transparency in sensitive areas, impacting the launch timeline for these tec...
Adani Power Jharkhand Limited has halved its electricity supply to Bangladesh due to outstanding bills totaling USD 846 million. The reduction, reported by local media, has led to a shortfall of over 1,600 MW. Adani had previously warned the Bangladesh Power Development Board to clear dues by October 30, citing rising charges and payment delays, […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 1, 2024. The Sensex started trading today at 79724.12, up 335.06 points or 0.42%, and the Nifty was at 24304.35, down 99 points or 0.41%. Meanwhile, the Indian rupee was trading today at 84.09 against the dollar.
In October, Goods and Services Tax (GST) collections hit Rs 1.87 lakh crore, representing an 8.9% increase from Rs 1.72 lakh crore in the same month last year, according to government data released on Friday. This marks the eighth consecutive month of collections exceeding Rs 1.7 lakh crore. Central GST (CGST) amounted to Rs 33,821 […]
Zero-balance accounts offer several advantages, such as no minimum balance requirements, making them accessible for those with limited funds. They often come with basic banking features and lower fees. There are drawbacks, including limited access to services and fewer interest-earning options compared to regular accounts. It may impose charges for transactions beyond a certain limit.
In October, Unified Payments Interface (UPI) digital transactions surged to 16.58 billion, totaling ₹ 23.5 lakh crore, marking the highest figures since its launch in April 2016. Data from the National Payments Corporation of India (NPCI) revealed a 10% increase in transaction volume and a 14% rise in value compared to September, with daily transactions […]
All oil companies have shocked the common people by raising the prices of 19 kg commercial gas cylinders on November 1, coinciding with the Diwali celebrations. According to the latest prices released by the oil companies, the price of this gas cylinder in Delhi has increased by Rs. 62, bringing it to Rs. 1,802. There […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 1, 2024. The Sensex started trading today at 79389.06, down 553.12 points or 0.69%, and the Nifty was at 24205.35, down 135.50 points or 0.56%. Meanwhile, the Indian rupee was trading today at 84.09 against the dollar.
➢ Implementation of RBI Domestic Money Transfer Rules,➢ SBI Credit Card finance charges increased by 3.75%,➢ Advance booking of train tickets now available for a discount for 60 days,➢ Changes in ICICI Credit Card fees and reward points policy (Effective from November 15),➢ Indian Bank FD Scheme deadline extended until November 30.
Andhra Pradesh is set to receive a significant boost in investment, with ArcelorMittal and Nippon Steel proposing a ₹70,000 crore investment for an integrated steel plant in Anakapalli. This marks the largest industrial investment in the state, part of a ₹1,40,000 crore project. The facility aims to enhance local economic growth and is expected to […]
The Indian Railways plans to launch the Vande Bharat sleeper train in January 2025, enhancing long-distance travel comfort. Initially connecting New Delhi to Srinagar, the train will cover 800 km in about 13 hours. It will feature three classes—AC First Class, AC 2-Tier, and AC 3-Tier—with ticket prices expected around ₹2,000 to ₹3,000. The train […]
Bolt CEO Markus Villig has mandated employees return to the office three days a week, citing concerns over disconnection and high attrition rates. Criticizing remote work from vacation spots, he emphasized the need for improved communication and team cohesion. Villig described the policy as “generous” compared to others like Amazon’s five-day requirement.