 "Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson")
Congress party has raised concerns regarding the retirement benefits received by Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), from ICICI Bank. During a press conference, Congress highlighted that the payments Buch received post-retirement were more than her regular salary while she was employed at the bank. They questioned ...
 "India’s Billionaires Hit .19 Trillion Amidst Economic Challenges")
A recent report by Fortune India reveals that the collective wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion (about Rs 99.86 trillion). This marks a significant 50% increase from $832 billion in 2022, with the number of dollar billionaires in India rising to 185. Mukesh Ambani leads the rankings ...
As of August 30, the area planted with paddy rice reached 40.87 million hectares, surpassing the normal 40.15 million hectares for this time of year. This increase is positive for overall production and may lead the government to lift some export restrictions that were put in place to manage prices and boost domestic supply. Ethanol ...
 "Hero MotoCorp Surges Ahead: 5% Sales Growth Amid Supply Challenges!")
Hero MotoCorp reported a 5 percent increase in wholesales year-on-year, totaling 512,360 units for August. This is an increase from 488,717 units sold in August 2023. Domestic sales also rose to 492,263 units compared to 472,947 units last year, despite some supply shortages that impacted sales slightly. Exports showed strong growth, reaching 20,097 units, up ...
 "India’s GDP Growth Hits Five-Quarter Low Amid Economic Shifts and Challenges")
India’s economic growth for the June quarter slowed to 6.7%, marking a five-quarter low, primarily due to a rise in net indirect taxes. The growth fell short of the Reserve Bank of India’s 7.1% prediction and a Reuters poll estimate of 6.9%. Despite this, the gross value added (GVA) showed sequential growth at 6.8%. Agricultural ...
 "India’s Economic Resilience: Rural Growth Fuels 7% GDP Aspirations Amid Challenges")
India’s GDP grew by 6.7 percent in the first quarter of FY25, according to Chief Economic Advisor V Anantha Nageswaran. He emphasized a positive trend in rural consumption, supported by good monsoon conditions, which could boost overall economic growth to 7 percent in the medium term. While some experts expected growth to slow due to ...
 "SBI’s Bold Strategy: Quality Over Rates Amidst Banking Challenges")
At the Global Fintech Fest in Mumbai on August 30, 2024, SBI Chairman Challa Sreenivasulu Setty emphasized that banks will focus on improving service quality instead of engaging in a rate war for deposits. He mentioned a slight adjustment in interest rates, particularly for the popular 1-2 year term deposits. SBI recently launched the “Amrit ...
India’s GDP has shown a growth of 6.7% in the first quarter of FY25, a drop from 8.2% the previous year. Meanwhile, Vedanta’s subsidiary faces a tax demand of Rs 11.87 crore. The growth in eight key infrastructure sectors slowed to 6.1% in July, primarily due to decreased output in crude oil and natural gas. ...
 "Facing turbulent times, SpiceJet has temporarily furloughed 150 cabin crew members for three months, citing a lean travel season and a reduced fleet size. This move, intended to secure long-term stability, comes amidst the airline’s ongoing struggles with prolonged losses, unpaid dues to lessors, and legal battles. Despite these challenges, SpiceJet assures that affected employees will maintain their health benefits and earned leave. The budget carrier, which last reported a profit in 2017-18, hopes to welcome the crew back following its upcoming fleet expansion, bolstered by a Rs 3,000 crore fundraising effort expected to complete by September.")
Struggling with a severe cash crunch, budget airline SpiceJet has decided to furlough 150 of its cabin crew for three months. This latest move highlights the financial challenges the company faces. Find out how this decision impacts employees and the airline’s operations in our detailed report. Download Latest Movies in HD Quality Downloading In 15 ...
This year’s TV upfront advertising season is shaping up to be unlike any other due to the ongoing global pandemic. Despite uncertainties and challenges, networks are forging ahead with their presentations to showcase upcoming shows and secure ad commitments. Advertisers and media buyers are eagerly tuning in to discover what’s in store for the fall ...
