August 2024

August 2024

India's UPI Dominates Global Payments, Outpaces China and Brazil

India's UPI Dominates Global Payments, Outpaces China and Brazil

India's Unified Payments Interface (UPI) is rapidly becoming the world's preferred payment system...

Zee Entertainment and Sony India Settle

Zee Entertainment and Sony India Settle

Zee Entertainment Enterprises Ltd. (ZEEL) and Sony Pictures Networks India have officially resolved all their outstanding disputes...

Reliance-Disney Merger to Create India's Largest Entertainment Network with 120 Channels and 2 OTT Platforms

Reliance-Disney Merger to Create India's Largest Entertainment Network with 120 Channels and 2 OTT Platforms

In a groundbreaking move, Disney and Reliance Entertainment have announced their merger...

Reliance AGM: Jio to Offer 100GB Free Cloud Storage, Launching Diwali 2024

Reliance AGM: Jio to Offer 100GB Free Cloud Storage, Launching Diwali 2024

In a significant announcement at the 47th Annual General Meeting (AGM) of Reliance Industries Limited (RIL), Chairman Mukesh Ambani reveale…

Adani Family Becomes India's Wealthiest, Surpasses Ambani with 95% Wealth Surge

Adani Family Becomes India's Wealthiest, Surpasses Ambani with 95% Wealth Surge

In a remarkable financial ascent, Gautam Adani and his family have emerged as the richest in India, overtaking the Ambani family...

Digital Payments Surge in Tier 3 Cities and Small Towns: Report

Digital Payments Surge in Tier 3 Cities and Small Towns: Report

A recent report by Chase India has shed light on the increasing adoption of digital payments in India's smaller cities and towns.

Mystery Surrounds the Fate of ₹45,000 Crores After Death of Pearls Group Owner

Mystery Surrounds the Fate of ₹45,000 Crores After Death of Pearls Group Owner

Nirmal Singh Bhangu, the controversial figure behind the massive ₹45,000 crore Pearls Group chit fund scam, has passed away, leaving millio…

Anil Ambani to Challenge SEBI's Market Ban and Penalties

Anil Ambani to Challenge SEBI's Market Ban and Penalties

Anil Ambani, the embattled industrialist, is preparing to take legal action following the Securities and Exchange Board of India's (SEBI) d…

Telegram Future Hangs In Balance: Turning Tale Of Popularity & Controversy

Telegram Future Hangs In Balance: Turning Tale Of Popularity & Controversy

Telegram, the messaging app that has become a household name in India after WhatsApp, is currently under intense scrutiny...

SEBI Issues Show Cause Notice to Paytm Founder Over IPO Misrepresentation

SEBI Issues Show Cause Notice to Paytm Founder Over IPO Misrepresentation

The Securities and Exchange Board of India (SEBI) has issued a show cause notice to Vijay Shekhar Sharma, the founder of Paytm, along with …

Goldman Sachs Trims India’s GDP Growth Forecasts for 2024, 2025

Goldman Sachs Trims India’s GDP Growth Forecasts for 2024, 2025

Goldman Sachs Group Inc has revised southwards the country’s GDP growth forecasts for the years 2024 and 2025.

Apple’s India Expansion Set to Generate Up to 6 Lakh Jobs Amid Shift from China

Apple’s India Expansion Set to Generate Up to 6 Lakh Jobs Amid Shift from China

Apple Inc., the world’s largest technology company and the maker of the iconic iPhone...

India to Become Third-Largest Economy by 2027, Says IMF’s Gita Gopinath

India to Become Third-Largest Economy by 2027, Says IMF’s Gita Gopinath

The International Monetary Fund (IMF)’s First Deputy Managing Director Dr Gita Gopinath said recently that India was expected to become the…

FM Sitharaman Urges Public Sector Banks to Focus on Deposit Growth and Customer Service

FM Sitharaman Urges Public Sector Banks to Focus on Deposit Growth and Customer Service

In a crucial review meeting held on Monday, Finance Minister Nirmala Sitharaman met with senior officials of public sector banks to discuss…

Anil Ambani Takes Hinduja Group to NCLT Over Use of Reliance Name

Anil Ambani Takes Hinduja Group to NCLT Over Use of Reliance Name

A fresh legal battle has erupted between Anil Ambani and the Hinduja Group over the use of the iconic "Reliance" brand name, reigniting ten…

12% of Indian Spices Fail Safety Standards: FSSAI Investigation Following Overseas Quality Concerns

12% of Indian Spices Fail Safety Standards: FSSAI Investigation Following Overseas Quality Concerns

A recent investigation by the Food Safety and Standards Authority of India (FSSAI) has revealed...

Save ₹416 a Day, Become a Millionaire: The Power of PPF Investment

Save ₹416 a Day, Become a Millionaire: The Power of PPF Investment

In today's fast-paced world, the desire to secure one's financial future is universal...

Direct Tax Collection for FY 2024-25 Rises by 24% to ₹8.13 Lakh Crore, Personal Income Tax Up by 23%

Direct Tax Collection for FY 2024-25 Rises by 24% to ₹8.13 Lakh Crore, Personal Income Tax Up by 23%

The Finance Ministry has reported a significant increase in direct tax collections for the financial year 2024-25...

Nirmala Sitharaman: Want to bring the tax to zero, but challenges and funds crunch tied my hands

Nirmala Sitharaman: Want to bring the tax to zero, but challenges and funds crunch tied my hands

Union Finance Minister Nirmala Sitharaman has expressed her aspiration to eliminate taxes...

Income Tax Department Issues Warning Against Tax Refund Scams

Income Tax Department Issues Warning Against Tax Refund Scams

The Income Tax Department has issued a stern warning to taxpayers regarding fraudulent messages that claim to offer tax refunds...

Starbucks replaces CEO, Laxman Narasimhan Steps Down, Brian Niccol to Take Over

Starbucks replaces CEO, Laxman Narasimhan Steps Down, Brian Niccol to Take Over

In a significant shift in leadership at global coffee giant Starbucks, Laxman Narasimhan has announced his departure as CEO, with Brian Nic…

The Ambani Family’s Annual Earnings: A Glimpse into the Wealth of India's Riches

The Ambani Family’s Annual Earnings: A Glimpse into the Wealth of India's Riches

Mukesh Ambani, the Chairman and Managing Director of Reliance Industries, stands as the wealthiest individual in India and Asia...

SEBI chiefs have uncanny bond with controversies

SEBI chiefs have uncanny bond with controversies

The role of SEBI (Securities and Exchange Board of India) Chief is one of immense responsibility, but it often comes with its fair share of…

Rising Pay Gap: CEO Compensation in IT Sector Soars, Exceeds Employee Salaries by Thousands of Times

Rising Pay Gap: CEO Compensation in IT Sector Soars, Exceeds Employee Salaries by Thousands of Times

The disparity between the salaries of CEOs and regular employees in India's IT sector has reached unprecedented levels, with the gap wideni…

Deloitte Expects India’s Economy to Grow at 7-7.2 Per Cent in FY 25

Deloitte Expects India’s Economy to Grow at 7-7.2 Per Cent in FY 25

India’s economy is expected to expand at 7-to-7.2 per cent this fiscal (FY 25). This growth will be propelled by strong economic fundamenta…

Apply 'Rule of 72' of Investing And Become Richer, Winning Bizness Tells You How

Apply 'Rule of 72' of Investing And Become Richer, Winning Bizness Tells You How

We all desire our money to grow over time, ensuring a more prosperous future...

Insolvency Proceedings Initiated Against Coffee Day Enterprises Over 228 Crore Default

Insolvency Proceedings Initiated Against Coffee Day Enterprises Over 228 Crore Default

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Coffee Day Enterprises Limited (CDEL), marking a sign…

Madhabi Puri Buch: From Early Engagement to SEBI's First Female Chief, Family Remains Her Pillar of Strength

Madhabi Puri Buch: From Early Engagement to SEBI's First Female Chief, Family Remains Her Pillar of Strength

The name Madhabi Puri Buch has recently come under intense scrutiny following allegations by the American short-seller Hindenburg Research.…

India's Family Business Titans: Ambani, Bajaj, and Birla Conglomerates Together Valued at $460 Billion

India's Family Business Titans: Ambani, Bajaj, and Birla Conglomerates Together Valued at $460 Billion

In a testament to the enduring power and influence of India's family-run businesses, the combined valuation of the Ambani, Bajaj, and Birla…

FM Urges Banks to Prioritize Core Banking and Innovate Deposit Schemes

FM Urges Banks to Prioritize Core Banking and Innovate Deposit Schemes

Union Finance Minister Nirmala Sitharaman has called on banks to sharpen their focus on core banking operations...

After Infosys, its now Bajaj Finance turn to get notice of crores

After Infosys, its now Bajaj Finance turn to get notice of crores

The country's leading IT company Infosys received a GST notice of Rs 32,000 crore last month, which was later withdrawn...

Hindenburg Research Hints at Major Event in India

Hindenburg Research Hints at Major Event in India

American short-selling firm Hindenburg Research has sparked fresh speculation with a cryptic statement, suggesting that something significa…

Government Approves Mega Railway Expansion: 900 KM of New Track, 64 Stations, and 24,657 Crore Investment

Government Approves Mega Railway Expansion: 900 KM of New Track, 64 Stations, and 24,657 Crore Investment

In a significant move to enhance railway connectivity across India, the central government has approved a series of ambitious rail projects…

India's first undersea railway tunnel: 7 km long tunnel under the Arabian Sea, train will run at a speed of 320 km per hour

India's first undersea railway tunnel: 7 km long tunnel under the Arabian Sea, train will run at a speed of 320 km per hour

In a historic advancement in the field of railways in India, the construction of the bullet train corridor being built between Mumbai to Ah…

Bharti Airtel Chairman Mittal's Salary Sees Significant Hike, Almost Double

Bharti Airtel Chairman Mittal's Salary Sees Significant Hike, Almost Double

Bharti Airtel Chairman Sunil Bharti Mittal has witnessed a substantial hike in his annual salary, which surged by 92 percent to Rs 32.27 cr…

SFIO Investigating Sahara Group Companies, 17,250 Claims Settled

SFIO Investigating Sahara Group Companies, 17,250 Claims Settled

Union Finance Minister Nirmala Sitharaman has revealed that the Serious Fraud Investigation Office (SFIO) is conducting an in-depth investi…

TCS Market-Cap Drops by ₹37,972 Crore, HDFC's Climbs by ₹32,759 Crore

TCS Market-Cap Drops by ₹37,972 Crore, HDFC's Climbs by ₹32,759 Crore

In a volatile trading week, the market capitalization of eight out of India's top ten companies plummeted by a combined ₹1,28,913.5 crore (…

India’s Forex Reserves Drop to USD 667.386-bn

India’s Forex Reserves Drop to USD 667.386-bn

The country’s foreign exchange reserves slipped by USD 3.471-billion to USD 667.386-billion for the week ended July 26, according to data r…

Bangladesh Political Crisis Could Impact Indian Companies

Bangladesh Political Crisis Could Impact Indian Companies

Bangladesh is caught in a deep political crisis and violence...

Warren Buffett Reduces Apple Stake, Boosts Cash Reserves Amid Economic Concerns

Warren Buffett Reduces Apple Stake, Boosts Cash Reserves Amid Economic Concerns

In a strategic move, Warren Buffett’s investment firm Berkshire Hathaway Inc. has sold nearly 50% of its stake in Apple...

Government Collects ₹1.82 Lakh Crore in GST for July, a 10% Year-on-Year Increase

Government Collects ₹1.82 Lakh Crore in GST for July, a 10% Year-on-Year Increase

In July 2024, the government reported collecting ₹1.82 lakh crore from Goods and Services Tax (GST), reflecting a 10.3% year-on-year increa…

Infosys Rejects Tax Evasion Allegations: Clarifies GST Non-Applicability on Foreign Branch Services

Infosys Rejects Tax Evasion Allegations: Clarifies GST Non-Applicability on Foreign Branch Services

Infosys, India's largest IT company, has been accused of tax evasion amounting to ₹32,000 crore...

Ransomware Attack Shuts Down Payment Systems of 300 Small Banks

Ransomware Attack Shuts Down Payment Systems of 300 Small Banks

A ransomware attack has disrupted banking operations for approximately 300 small banks and financial institutions nationwide.

Aadhaar Enrolment ID Will No Longer Be Valid for PAN Application from October 1

Aadhaar Enrolment ID Will No Longer Be Valid for PAN Application from October 1

Starting October 1, the Aadhaar enrolment number will no longer be accepted for PAN application or income tax return filing.

Government Announces 20 Lakh Job Vacancies on National Career Service Portal

Government Announces 20 Lakh Job Vacancies on National Career Service Portal

Good news has arrived for job seekers across India. The government has announced over 20 lakh job vacancies on the National Career Service …