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A very important and positive statement from the Government of Canada has come soon after the Central Cabinet (CCEA) approved the purchase of 60.72% stake by Fairfax Financial Holdings in IDBI Bank – one of the largest disinvestment and banking deals in the financial history of India. Emphasizing on bilateral …
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Cabinet gives final approval to mega disinvestment of IDBI Bank: Fairfax will buy 60.72% stake at the price of ₹ 81/share
A new chapter has been added to the history of banking and public disinvestment in India. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given formal approval to the proposal for transfer of management control and strategic sale of majority stake in IDBI Bank. …
Read More »When does the wife have to pay the credit card bill after the death of her husband? Know the clear rules of RBI and Indian law, otherwise recovery agents will charge illegal interest and penalty.
When the house is going through grief and mental trauma after the sudden demise of the head of the family or the husband, many times the recovery agents of banks and credit card companies start calling on the phone or at the house and pressurizing them to pay the huge …
Read More »Coolpad is bringing a budget smartphone with the world’s widest display, with a unique design and 16:10 aspect ratio, the price will be less than ₹ 15,000.
For the last few years, there has been a trend in the smartphone industry for devices with tall and narrow displays, in which the aspect ratio of 19.5:9 or 20:9 is usually seen. But now tech brand Coolpad is preparing to break this trend and introduce a completely unique smartphone. …
Read More »Will tighten the noose on the arbitrariness of online grocery platforms
In this modern era of Digital India, the use of quick-commerce apps like Blinkit, Zepto, Swiggy Instamart and BigBasket that deliver ration and groceries at the doorstep in 10 minutes is increasing day by day. People are ordering milk, bread, packed food and ration online daily to save their time. …
Read More »LIC is bringing 3 exciting insurance plans including cancer cover on 19th October.
Life Insurance Corporation of India (LIC), the country’s most trusted and leading insurance company, has brought a very good news for crores of its customers and policyholders. Life Insurance Corporation of India is going to officially launch three new and very special insurance products across the country on October 19. …
Read More »After retail, now wholesale inflation gets a severe blow, rate reached 11.39% in September
Inflation has started hitting the Indian economy and the common man’s pocket one after the other. After the recent bad news on the retail inflation front, now the inflation data based on Wholesale Price Index (WPI – Wholesale Price Index) has created a wave of concern across the country. According …
Read More »The stock market will be booming again in 4-5 months! Nifty will go up to 26,500; Fall in US bond yield and dollar index will become a big trigger
In recent weeks, there has been a relief and very positive report for the Indian stock market, which is struggling with the pressure of rapid selling by foreign institutional investors (FIIs), geopolitical tension in West Asia and retail inflation. According to Gaurav Bhandari, Chief Executive Officer (CEO) of financial research …
Read More »CBDT’s ‘Saksham Nudge’ campaign on tax audit report: Email alerts sent to 12 thousand professionals, October 21 is the last date for correction
The Central Board of Direct Taxes (CBDT) and the Income Tax Department have launched a special campaign regarding tax audit compliance of the financial year. This campaign has been named ‘Saksham Nudge Campaign’. The department’s Artificial Intelligence (AI) and advanced data analytics tools have detected wide-scale technical and factual flaws …
Read More »Finance Minister Nirmala Sitharaman’s clarification on the fluctuations in the foreign exchange market, RBI will remain in constant action to prevent excessive fluctuations in the rupee; Know the latest situation
Amidst the turmoil in the foreign exchange market due to global financial uncertainties, increasing geopolitical tension in West Asia and strong US dollar, Union Finance Minister Nirmala Sitharaman has made the stance of the government and the central bank completely clear. Speaking at the Bloomberg New Economy Forum held in …
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