It’s important to note that deposits in small finance banks come with DICGC insurance protection of up to Rs 5 lakh. (AI image) Top Bank FD rates: Although interest rates have generally peaked, several banks continue to provide attractive fixed deposit rates for retail customers depositing less than Rs 3 crore. Senior citizens receive preferential…
NEW DELHI: In a reprieve for financially-crippled Vodafone Idea and the broader telecom industry, the Union Cabinet on Monday eliminated the need to submit hefty bank guarantees towards past spectrum purchases, with the relief expected in excess of Rs 30,000 crore for the various players.While a substantial part of the benefit will flow in for…
Adani Group founder-chairman Gautam Adani, his nephew and Adani Green Energy’s executive director Sagar Adani, and others are charged with executing a $265m bribery scheme linked to the business of Adani Green Energy. MUMBAI: French oil major TotalEnergies has announced suspension of additional investments in Adani Group companies pending the resolution of US bribery allegations…
NEW DELHI: French energy major Total Energies, which has made strategic investments of $3.8 billion in the Adani group entities, has pressed the pause button on fresh investments in the ahmedabad-based ports-to-power conglomerate until the bribery allegations — denied by the group — levelled in a US court against top functionaries are cleared.“Until such time…
MUMBAI: Japan Airlines (JAL) and IndiGo have announced their codeshare partnership, commencing December 16, subject to government approval. Booking for these codeshare flights will open on December 4, IndiGo said in a press statement issued on Monday.The codeshare will allow passengers of both airlines to seamlessly book tickets and onwards journeys within India and Japan.But…
PAN 2.0: This e-Governance initiative aims to modernise taxpayer registration service. PAN 2.0: In a step aimed at helping taxpayers, the Cabinet Committee on Economic Affairs (CCEA) led by PM Narendra Modi has today given its nod for the PAN 2.0 Project of the Income Tax Department. According to the CCEA press release, the project…
Market participants this week will initially respond to Maharashtra and Jharkhand election results. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in opening trade on Monday. While BSE Sensex climbed over 1,100 points, Nifty50 was above 24,250. At 9:17 AM, BSE Sensex was trading at 80,272.34, up…
MUMBAI: Can all Indians have seamless access to healthcare regardless of location or socio-economic status by 2047? A report by consulting firm BCG and TPA Medi Assist says it is possible with the a tiered approach that taps health data and AI.According to the report, the population needs to be categorised into emerging, middle, and…
NEW YORK: The US SEC will have to serve the summons on the Adani group founder and chairman Gautam Adani and his nephew Sagar in the alleged $265 million (Rs 2,200 crore) payoffs through proper diplomatic channels as it has no jurisdiction to summon a foreign national directly, according to sources.The US Securities and Exchange…
CHENNAI: Investments by private equity – venture capital (PE-VC) companies could be the lowest in CY2024 when compared with the past six years. With just over a month left in the current calendar year, it is unlikely to touch the PE-VC investment value of last year (2023) at $32.8 billion. The PE-VC investments this year…
