 "Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.")
During the 54th GST Council meeting, Union Finance Minister Nirmala Sitharaman announced the formation of a Group of Ministers (GoM) to evaluate the GST rates for life and health insurance. This GoM will be led by Bihar Deputy Chief Minister Samrat Choudhary and is expected to submit its report by the end of October 2024. ...
 "Shriram Finance plans to raise billion for business growth, anticipating a 15-16% loan increase this financial year.")
Y S Chakravarti, the MD and CEO of Shriram Finance, announced that the company plans to raise $1 billion (around Rs 8,300 crore) in the next six months to support its growth. This includes an initial $300 million targeted for October, with the remainder to follow as Market conditions allow. While Shriram Finance intends to ...
 "Next week, four major IPOs, led by Bajaj Housing Finance, seek to raise ₹8,390 crore amid a bustling market landscape.")
The IPO Market is gearing up for a busy week, with four major companies, including Bajaj Housing Finance aiming to raise a total of Rs 8,390 crore. Other key players include P N Gadgil Jewellers, Kross Ltd, and Tolins Tyres, all set for subscription between September 9 and 12. This surge in IPO activity aligns ...
 "India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth")
The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...
 "Pakistan’s Tax Battle: Finance Minister Urges Traders Amid Protests")
Pakistan’s Finance Minister Muhammad Aurangzeb recently urged traders to comply with tax regulations to help strengthen the country’s struggling economy. During a press conference in Islamabad, he highlighted that while the government’s tax revenue rose by 29 percent last year, the tax-to-GDP ratio remains low at 8.8 percent, far from the sustainable target of 15 ...
 "Bajaj Housing Finance Targets 2 Million IPO Amid Impressive Growth Surge")
Bajaj Housing Finance aims to achieve a valuation of Rs 58,297 crore (approximately $6.94 billion) through its upcoming initial public offering (IPO) worth $782 million. The company has set a price range of Rs 66-70 per share for the IPO, scheduled from September 9 to September 11. This offering is significant, potentially ranking among the ...
Stay updated with the latest happenings in the financial world with these 50 multiple-choice questions. Based on significant events and updates reported on May 19, 2024, this comprehensive quiz is perfect for those preparing for competitive exams or anyone keen on current affairs. Current Affairs Questions and Answers for Business category Q1: Which company announced ...
Alibaba, Bitcoin, SoftBank, and Diploma are making headlines in the world of finance and technology. From Alibaba’s latest e-commerce innovations to Bitcoin’s volatile Market fluctuations, these companies are shaping the future of digital currency and online shopping. SoftBank’s investments in groundbreaking technology startups and the rising demand for specialized diplomas are also key topics in ...
Japan’s leading financial institution, SBI, has recently announced its decision to become a validator on the XRP Ledger. This move marks a significant step towards the mainstream adoption of Ripple’s digital currency, XRP. SBI’s involvement as a validator will help to enhance the efficiency and security of the XRP Ledger, making it an even more ...
In an exciting development for DeFi enthusiasts, a new Bitcoin-backed synthetic dollar is hitting the Market, promising users the opportunity to earn high yields on their investments. This innovative financial product aims to leverage the stability of Bitcoin while offering lucrative returns in the fast-paced world of decentralized finance. As it blends traditional asset security ...
