Finance - general
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India's current account deficit sharply down at 1% of GDP in Q2
27 Dec 2023
India's current account deficit declined sharply to $8.3 billion, or 1 per cent of the country’s GDP, in the second quarter of the current financial year (July-September 2023-24)
Centre releases Rs72,961.21 cr more as tax devolution to states
22 Dec 2023
The central government has authorised the release of an additional installment of Rs72,961.21 crore to states as part of its devolution of tax.
Net direct tax collections up 20.66% at Rs13,70,388 crore
19 Dec 2023
Net direct tax collections so far during the financial year 2023-24 (as of 17 December 2023) stood at Rs13,70,388 crore
UPI transactions grow at a CAGR of 168% in 5 years to Rs139 lakh crore
19 Dec 2023
The value of financial transactions using the Unified Payments Interface (UPI) has grown from Rs1 lakh crore to Rs139 lakh crore in the last five years
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Proposed changes in China spark concerns among venture capital and private equity funds
13 Dec 2023
In a move that has stirred controversy within China’s financial circles, the country’s securities regulators recently unveiled draft rules proposing a substantial increase in the investment threshold for private equity (PE) and venture capital (VC) funds.
RBI MPC maintains 6.5% repo rate, raises FY24 GDP forecast to 7%
08 Dec 2023
In its bi-annual policy announcement, the Reserve Bank of India’s Monetary Policy Committee (RBI MPC) opted to keep the repo rate unchanged at 6.5%, marking the fifth consecutive decision to maintain the status quo.
Citigroup CFO reveals $1 billion cost for massive restructuring
07 Dec 2023
Mark Mason, Chief Financial Officer of Citigroup, disclosed that the bank’s extensive restructuring is expected to incur charges of approximately $1 billion for restructuring and severance.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
Bitcoin surges above $40,000 amid positive market sentiment
04 Dec 2023
In a significant upswing, Bitcoin has surpassed the $40,000 mark, marking its highest point in 2023.
Bitcoin surges above $40,000 amid positive market sentiment
04 Dec 2023
In a significant upswing, Bitcoin has surpassed the $40,000 mark, marking its highest point in 2023.
The government allocates an additional Rs. 1,500 crore to the FAME-II program
04 Dec 2023
In a decisive move to bolster the Faster Adoption and Manufacturing of Electric Vehicles in India (FAME-II) program, the Centre has sanctioned an additional Rs. 1,500 crore for its second phase.
The Indian rupee strengthened by 11 paise to 83.29 against the US dollar
01 Dec 2023
In the early hours of Friday 1 December, 2023, trading session, the Indian rupee showcased resilience, appreciating by 11 paise to reach 83.29 against the US dollar.
Berkshire Hathaway Vice Chairman Charlie Munger passes away at age 99
29 Nov 2023
Charles Thomas Munger, the oracle of Pasadena and one of the most important figures in Berkshire Hathaway, passed away on Tuesday, 28 November 2023, at the age of 99.
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Tech giant Apple set to break ties with Goldman Sachs for credit card business
29 Nov 2023
Apple has decided to terminate its credit card partnership with banking giant Goldman Sachs. Apple had sent a proposal to the Wall Street Bank to end the contract in the next 12 to 15 months.
RBI Governor Das: Increased risk weight is a precautionary approach to ensuring sustainable lending
23 Nov 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das said that the recent instruction to increase risk weights for unsecured consumer loans by banks and non-banking financial companies (NBFC) is a cautious measure taken to ensure sustainable lending.
IndiGo's parent company, InterGlobe Aviation, set to contest tax claims exceeding Rs 1,666 crore
23 Nov 2023
IndiGo’s parent company, InterGlobe Aviation, stated on Wednesday, November 22, 2023, that they would challenge tax demands worth over Rs 1,666 crore.
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Government explores legality of transferring unclaimed Sahara-Sebi funds to Consolidated Fund of India
20 Nov 2023
In the wake of Sahara Group founder Subrata Roy's recent demise, the Indian government is reportedly examining the legality of transferring the unclaimed funds from the Sahara-Sebi Refund Account to the Consolidated Fund of India.
Australian trading bourse and TCS to partner up to create trading software
20 Nov 2023
ASX Ltd., an Australian bourse operator, has partnered with Tata Consultancy Services (TCS) to create a product-based solution to replace its trading, clearing, and settlement systems.
RBI clears Hinduja Group acquisition of Reliance Capital
19 Nov 2023
Reserve Bank of India (RBI) on Friday approved a Rs9,650 crore debt resolution plan submitted by IndusInd International Holdings Ltd (IIHL), allowing the Hinduja Group firm to take over the assets of Reliance Capital.
Fedbank Financial Services IPO to open on 22 November
17 Nov 2023
Fedbank Financial Services Ltd, a non-banking financial company promoted by Federal Bank Ltd, has come out with an initial public offer (IPO), which will open for subscription on 22 November
IREDA looks to raise Rs2,150 through IPO priced at Rs30-32 a share
15 Nov 2023
State-run Indian Renewable Energy Development Agency’s (IREDA) Rs2,150-crore initial public offer (IPO) will open for subscription on Tuesday.
Sahara Group founder Subrata Roy passes away
15 Nov 2023
Subrata Roy, founder of the Sahara Group, an all-inclusive business empire that spanned sectors, including finance, real estate, aviation, media, health and hospitality, passed away on Tuesday.
RBI stops Bajaj Finance from digital lending
15 Nov 2023
The Reserve Bank of India (RBI) has directed Bajaj Finance Ltd to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect.
Byju's faces a $1.2 billion loan default fallout as lenders assume control of key units
10 Nov 2023
In a significant development for Byju's, once considered one of India's premier tech startups, lenders have formally declared a default on a $1.2 billion loan as they take control of a vital unit of the education technology provider
Latest articles
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Featured articles
Hariman Sharma lets apple travel to India’s warmer climes
10 Feb 2025
Apple, which was the preserve of the cooler Himalayan region in India, is now everywhere – in the East, the West and the South - thanks to one enterprising Himachal farmer, Hariman Sharma.
The cost of neglecting water transport
03 Feb 2025
Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES
Crypto Currencies Trying To Undermine Global Financial System
27 Jan 2025
US President Donald Trump, it seems, is the latest to join the frenzy for personal or corporate currency, with $TRUMP, or what they call a meme coin, giving a further boost to his crypto image.
As costs of saying final goodbyes rise UK families resort to crowdfunding to pay for funerals
By Axel Miller | 16 Jan 2025
The cost of saying a final goodbye to loved ones in the UK has reached a grim new high, leaving families grappling with unexpected financial burdens.
The life and times of Manmohan Singh, former Prime Minister of India
By Cygnus | 28 Dec 2024
On 27th December 2024 India and the world lost one of their finest statespersons in a hundred years. Manmohan Singh, born on 26th September 1932, in Gah, Punjab (now in Pakistan)
The remarkable Ratan Tata
By Kiron Kasbekar | 23 Oct 2024
One newspaper report of Ratan Tata’s passing away showed an old photo of him climbing into the cockpit of a Lockheed Martin F-16 fighter.
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
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