Economy news - NewsLocker

New Triumph Speed Twin 900 Launched - Price, Features, And Specifications

23-12-2024 16:03 via zeenews.india.com

Triumph Speed Twin 900: Triumph has introduced the 2025 Speed Twin 900 in India, priced at Rs 8.89 lakh (ex-showroom).

Two Lakh Noise Barriers Installed Along Viaduct Of Mumbai-Ahmedabad Bullet Train Corridor

23-12-2024 14:41 via zeenews.india.com

Bullet Train: The Mumbai-Ahmedabad Bullet Train Project has achieved a significant milestone with the installation of 206,000 noise barriers along both sides of the 103 km viaduct.

Stock Markets To Remain Open For Trade On Union Budget 2025 On February 1

23-12-2024 14:24 via zeenews.india.com

Union Budget 2025: Finance Minister Nirmala Sitharaman has so far held a series of meetings with various stakeholders, including MSMEs, farmers' associations, and economists

Reliance Jio Loses Over 1.6 Crore Subscribers In Four Months

23-12-2024 14:00 via zeenews.india.com

Airtel lost 24 lakh subscribers in August 2024 and 16 lakh subscribers in July 2024. Vodafone Idea lost more than 19 lakh mobile subscribers in October, compared to a decline of 15.5 lakh in September.

How To Plan Tax-Saving Investments Under Section 80C; Check Here

23-12-2024 13:17 via zeenews.india.com

Tax-Saving Investments Under Section 80C: It is important to note that the Section 80C of the Income Tax Act, of 1961, is one of the most popular and widely used sections for tax-saving purposes in India.

MG Cyberster To Get Dual-Motor Powertrain With Slimmest 77kWh Battery

23-12-2024 12:20 via zeenews.india.com

MG Cyberster: MG Select, a luxury brand channel of JSW MG Motor India, announced that MG Cyberster, the company's upcoming sports EV, will boast a dual-motor powertrain setup with the slimmest 77 kWh battery pack of 110mm thickness.

Indian Railways plans centrally heated sleeper train, special Vande Bharat chair car for Kashmir - check features

23-12-2024 12:00 via timesofindia.indiatimes.com

Indian Railways is set to launch two new train services for enhanced Kashmir connectivity. A centrally heated sleeper train will connect New Delhi and Srinagar, offering a 13-hour premium journey.

Tata To Unveil At Least 2 BIG SUVs In January 2025 - What We Know So Far

23-12-2024 10:49 via zeenews.india.com

Upcoming Tata SUV: Tata Motors is gearing up to strengthen its electric vehicle (EV) lineup in 2025 with three key launches: the Harrier EV, Sierra EV, and Safari EV.

Amrit Bharat Station Scheme To Redevelop Railway Stations To Open Up Rs 30,000 Cr Worth Biz Opportunities: Report

23-12-2024 09:50 via zeenews.india.com

Earlier, the Government of India had envisaged the majority of the station redevelopment projects under the Public-Private-Partnership (PPP) mode, which accounted for around 12 per cent of the National Monetisation Pipeline (NMP) target.

Bitcoin posts its first weekly decline since Trump’s victory

23-12-2024 09:18 via timesofindia.indiatimes.com

Bitcoin experienced its first weekly decline since Trump's election win, dropping over 7% due to the Fed's cautious policy outlook.This impacted the broader crypto market, which fell about 10%.Experts predict a choppy short-term outlook but remain bullish for Bitcoin into early 2025, with a significant options expiry event expected on December 27th.

Stock market holidays 2025: BSE, NSE release holiday calendar for 2025 - check full list of month-wise stock market holidays

23-12-2024 09:03 via timesofindia.indiatimes.com

Stock market holidays 2025: Indian stock exchanges, BSE and NSE, have announced 14 trading holidays for 2025.These include festivals like Holi, Diwali, and Christmas, along with observances such as Maharashtra Day and Mahatma Gandhi Jayanti. Check the full stock market holidays list for 2025 here:

Indian Railways: Pilot Doesn't Have To Look Outside For Signal - Know The Role Of 'Kavach' In Trains

23-12-2024 07:18 via zeenews.india.com

Railway Minister Ashwini Vaishnaw highlighted the working of 'Kavach' installed by his ministry in the trains as parts of north India witness dense fog.

Eastern Railway: 30 Pairs Of Trains canceled Till February 1 - Here's Why

23-12-2024 06:52 via zeenews.india.com

Passengers will have a tough time commuting in the Eastern Railway's Howrah division as it announced cancellation of 30 pairs of suburban trains daily till February 1 next year.

Japan’s Shinkansen bullet trains to be tweaked for India’s first Mumbai-Ahmedabad high-speed rail corridor - details here

23-12-2024 06:40 via timesofindia.indiatimes.com

India and Japan are finalizing designs for bullet trains on the Mumbai-Ahmedabad corridor, modifying Shinkansen trains for Indian conditions.These modifications include enhanced luggage capacity, higher temperature tolerance, and dust resistance.

Namo Bharat Train: Get 10% Discount On Tickets - Check Details

23-12-2024 06:34 via zeenews.india.com

Namo Bharat Train: Namo Bharat train commuters can avail a 10% discount on tickets purchased through the RRTS Connect mobile application as part of the "loyalty points program" launched by NCRTC, an official statement said.

Number Of Debt Workout Scheme Applicants Expected To Hit Record High In 2024

23-12-2024 06:19 via zeenews.india.com

Notably, the number of self-employed individuals, mostly those running small businesses, seeking to join the program reached 26,267 as of end-November, already exceeding last year's record of 25,024.

Indian Market Opens In Green Amid Positive Mixed Global Cues

23-12-2024 06:00 via zeenews.india.com

In the Sensex pack, Tata Steel, Tech Mahindra, Bajaj Finance, HCL Tech, HDFC Bank, ICICI Bank and Bharti Airtel were the top gainers. Whereas, Zomato and NTPC were the top losers.

Stock market today: BSE Sensex surges over 500 points; Nifty50 above 23,750

23-12-2024 04:48 via timesofindia.indiatimes.com

Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, surged in trade on Monday morning. While BSE Sensex was above 78,600, Nifty50 was above 23,750.

Stock market today: BSE Sensex closes almost 500 points up; Nifty50 rebounds after worst week since June 2022

23-12-2024 04:48 via timesofindia.indiatimes.com

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Monday to close in green. While BSE Sensex closed almost 500 points up, Nifty50 was above 23,750.

Canon eyes business from chip companies setting up India operations

22-12-2024 20:07 via timesofindia.indiatimes.com

Canon sees a promising opportunity in India's burgeoning semiconductor market.The company is negotiating with chip manufacturers setting up facilities in India to supply its lithography equipment.Canon is optimistic about achieving double-digit growth in the coming years, driven by India's strong economic outlook and expanding industries.

Epigamia co-founder Rohan Mirchandani dies at 42

22-12-2024 20:05 via timesofindia.indiatimes.com

Rohan Mirchandani, the 42-year-old co-founder of Epigamia, passed away from a sudden cardiac arrest.He established the company in 2013, introducing flavored Greek yogurt to India.Epigamia's leadership and board, including Mirchandani's family, will continue his work.His death is a loss to the entrepreneurial community.

Bollywood-backed realtor Lotus looks at Rs 1,000 crore IPO

22-12-2024 20:03 via timesofindia.indiatimes.com

Bollywood luminaries, including Amitabh Bachchan, Shah Rukh Khan, and Hrithik Roshan, have acquired stakes in Sri Lotus Developers & Real Estate ahead of its anticipated IPO. The Mumbai-based luxury real estate developer recently raised approximately ₹407.6 crore through a private placement of shares, with prominent figures from the financial sector also participating.

Lending body proposes battery number inclusion in EV RCs

22-12-2024 19:57 via timesofindia.indiatimes.com

Fraudsters are purchasing electric vehicles through financing, then replacing the new battery with a used one and selling the new battery.They subsequently default on the loan, returning a significantly devalued vehicle.To combat this, the Finance Industry Development Council has requested that the government include battery numbers on vehicle registration certificates.

Toothpastes, soaps focus on natural ingredients

22-12-2024 19:49 via timesofindia.indiatimes.com

Consumer preference for natural and plant-based personal care products is rising, impacting toothpastes, soaps, and haircare. Over 70% of new toothpaste launches are now natural, reflecting a shift towards herbal and ayurvedic ingredients.

India Inc mops up record Rs 1.6 lakh crore from IPOs in 2024

22-12-2024 19:41 via timesofindia.indiatimes.com

India witnessed a record Rs 1.6 lakh crore raised through 90 IPOs in 2024, driven by robust economic growth and favorable market conditions.Hyundai Motor India's IPO led the charge, raising Rs 27,870 crore.Experts predict 2025 could surpass this record, with a potential Rs 2.5 lakh crore raised from upcoming IPOs, including HDB Financial Services and LG Electronics India.

New India logs lowest claim rejections: Study

22-12-2024 19:37 via timesofindia.indiatimes.com

New India Assurance boasts the lowest claim rejection rate at 0.2%, outperforming all other insurers in India, according to a recent report. The public sector giant also leads in minimal rejections for health and motor own-damage claims.

GST 'track, trace' method may cover cigarettes, pan masala

22-12-2024 19:28 via timesofindia.indiatimes.com

The GST Council has approved a "track and trace" system to combat tax evasion on specific goods, starting with cigarettes and potentially pan masala. This system uses unique identification markings to monitor products throughout the supply chain, addressing significant revenue losses from smuggling and illicit trade, estimated at Rs 21,000 crore annually for cigarettes alone.

FDI Flow Into India From Gulf Countries Surges To $24.54 Bn In 12 Years

22-12-2024 15:56 via zeenews.india.com

PM Modi on Saturday afternoon arrived in Kuwait, becoming the first Indian Prime Minister to visit the Gulf nation in 43 years.

SEBI Takes Strict Action In Front Running Case, Bars 9 Entities, Seizes Over Rs 21 Crore

22-12-2024 13:27 via zeenews.india.com

The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action.

GST Council Meet: What’s Cheaper, What’s Costlier? Find Out

22-12-2024 11:22 via zeenews.india.com

The Council has recommended revising the definition to include all retail commodities pre-packed (up to 25 kg or 25 liters) as per the Legal Metrology Act.

Founders Of 28 Indian New-Age Startups Took Home Rs 284 Crore As Salary In FY24

22-12-2024 10:26 via zeenews.india.com

FirstCry's operating income in FY24 was Rs 6,480 crore and the company suffered a loss of Rs 321.5 crore during this period.

Big KYC Update! Key Identity Proofs To Be Masked In CKYC Starting January 20 To Prevent Fraud

22-12-2024 09:51 via zeenews.india.com

In an official communication dated October 17, 2024, the Central KYC Records Registry announced new measures to enhance data security.

Central PSUs Record 47 Per Cent Jump In Net Profit For 2023-24, Market Cap Doubles

22-12-2024 08:30 via zeenews.india.com

The increase in Contribution to the Central Exchequer (CCE) is mainly due to an increase in Corporation tax from Rs 0.56 lakh crore in (FY 2022-23) to Rs 0.81 lakh crore in (FY 2023- 24).

GST Council Meeting Highlights: Key Recommendations To Provide Relief To Individuals And Businesses

22-12-2024 06:21 via zeenews.india.com

GST Council Meeting Highlights: The Council recommended reduction of payment of pre-deposit for filing an appeal before the Appellate Authority in respect of an order passed which involves only penalty amount.

GST Council Postpones Major Decisions, Key Issues Left For Further Deliberation

22-12-2024 03:59 via zeenews.india.com

The GST Council also discussed the imposition of GST on quick commerce services, e-commerce, and food delivery platforms, but no decision was reached.

Google proposes fix to solve search monopoly

22-12-2024 00:10 via timesofindia.indiatimes.com

Google has proposed minimal changes following a court ruling that it illegally monopolized online search. The tech giant suggests allowing competitors on platforms like Apple's iPhones and its own Android system, while still paying for prominent search placement. The government, however, wants more drastic measures, including the sale of Google's Chrome browser.

Britannica didn't just survive. It's an AI company now

22-12-2024 00:06 via timesofindia.indiatimes.com

Encyclopaedia Britannica, once a weighty symbol of knowledge, has successfully transitioned to the digital age. By embracing AI and expanding into educational software and online dictionaries, the company has achieved impressive profit margins and is now considering a $1 billion IPO.

GST panel puts off call on lower rates for insurance

21-12-2024 22:28 via timesofindia.indiatimes.com

The GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels.Decisions on ATF inclusion, insurance rates, and food delivery services were deferred.Used cars will face 18% GST, while pre-packed popcorn and voucher transactions saw clarifications.A new GoM will address state-level disaster levies.

Ex-finance minister Arun Jaitley had given go-ahead to clean up bad loans, says Raghuram Rajan

21-12-2024 22:06 via timesofindia.indiatimes.com

Former RBI Governor Raghuram Rajan revealed that ex-Finance Minister Arun Jaitley supported his decisive action on tackling bad bank loans. Rajan attributed the NPA surge to corruption, delayed clearances, and the global financial crisis. He also pointed to slow government recapitalization hindering lending.

Association Of NPS Intermediaries Launched To Help Indians Plan Early For Pension

21-12-2024 16:46 via zeenews.india.com

The initiative brought together key stakeholders from the National Pension System (NPS) ecosystem to foster collaboration, strengthen subscriber welfare, and promote the continued growth of NPS as a critical retirement planning tool for the citizens of India.

GST Council Meet Clarifies Tax On Popcorn; Tax Hiked On Used Car Sales Including EV- Details Here

21-12-2024 14:13 via zeenews.india.com

According to the report, ready-to-eat popcorn is set to attract varying GST rates based on its preparation and packaging, as decided in the 55th GST Council meeting on Saturday.

Cabinet Hikes MSP For Copra To Rs 12,100 Per Quintal

21-12-2024 09:36 via zeenews.india.com

The farmers have the option to sell their produce to the FCI/state agencies at MSP or in the open market as is advantageous to them.

GST Council 55th Meeting Postpones Decision On Slashing Tax On Life, Health Insurance

21-12-2024 09:14 via zeenews.india.com

GST Council 55th Meeting: The premium paid by senior citizens towards health insurance coverage has been proposed to be exempted from the tax.

GST Council meet key decisions: Clarity on tax rate on popcorn, GST rate on sale of used cars increased, says report

21-12-2024 08:31 via timesofindia.indiatimes.com

Finance Minister Nirmala Sitharaman is leading the 55th GST Council meeting in Jaisalmer. AAC blocks with high fly ash content will now face a lower 12% GST. Conversely, used vehicles, including electric ones, see an increased 18% rate on sale.

Net Inflows In SIPs Up 233 Per Cent In India This Year, MF Industry Sees 135 Per Cent Growth

21-12-2024 07:25 via zeenews.india.com

Number of new SIPs registered increased to 49.47 lakh at the end of November, as against 30.80 lakh in November 2023

5 Banks Revise Fixed Deposit Interest Rates In December 2024– Check Details

21-12-2024 07:09 via zeenews.india.com

Federal Bank has updated its FD interest rates for deposits below Rs 3 crore. This was effective from December 16, 2024.

55th GST Council meet: All Eyes On Health Insurance Premiums, ATF, 'Sin Tax'

21-12-2024 05:57 via zeenews.india.com

A significant agenda for the GST Council is the proposed rate cut on term health and life insurance premiums.

Bank Holiday Update: Are Banks Open Today, Saturday, December 21? Find Out Here

21-12-2024 05:43 via zeenews.india.com

According to the Reserve Bank of India’s guidelines, banks in India are closed on the second and fourth Saturdays.

Funds Devolved To States Under 15th Finance Commission Higher: FM Sitharaman

21-12-2024 04:53 via zeenews.india.com

Sitharaman stated that the Centre has allocated an additional amount of approximately Rs 30,000 crore as ‘Untied Funds’ under the SASCI-2024-25.

Google Layoffs: Sundar Pichai Announces Major Job Cuts In THESE Top Positions

21-12-2024 03:50 via zeenews.india.com

Sundar Pichai explained that the layoffs are part of Google’s ongoing efforts to improve efficiency, streamline operations, and improve productivity.