Whirlpool, the parent company of household appliance brands Maytag and Amana, is initiating a workforce reduction of approximately 1,000 salaried positions globally due to sluggish demand in the US home appliance market.
The market commenced Thursday’s session on a downward trajectory, with both the Nifty and Sensex exhibiting bearish trends. The Nifty index slipped below the 22,400 mark, reflecting a cautious sentiment among investors at the opening bell.
JPMorgan Chase CEO Jamie Dimon commended PM Modi for pulling 400 million people out of poverty through inclusive financial programmes. He also called the Indian leader "tough" for breaking old bureaucratic norms and opening bank accounts for 700 million people.
According to the NHSRCL, the bullet train will take 2 hours and 58 minutes to cover the distance of 508 km, while running at maximum speed of 320 kmph. The time duration includes stoppage time at all 10 stations.
PayU Payments Private Limited, a key player in India's digital financial services sector, backed by Prosus as an investor, manages businesses subject to regulation by the Reserve Bank of India. It provides sophisticated solutions to address the digital payment needs of the Indian market.
The RBI's action follows deficiencies in Kotak Bank's IT risk management and information security governance.
In line with optimistic trends seen in global markets, benchmark indices in India commenced Wednesday’s trading session on a positive trajectory. The Sensex initiated the day’s trading with a notable gap, surging over 200 points to reach 73,958.
The orders include INR 400 million attributed to premium rice varieties and INR 100 million for organic rice breeds, showcasing the company’s commitment to catering to diverse consumer preferences.
The Reserve Bank, which mainly factors in CPI while arriving at its bi-monthly monetary policy, has kept the key interest rate unchanged at 6.5 per cent since February 2023, citing concerns on the inflation front.
The hike comes days the Zomato received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021.
It addresses the importance of nutrition, infused with cultural reverence and a comprehensive 360-degree surround campaign planned across multiple platforms.
The revenue for full fiscal ended March 2024 was Rs 1,00,119 crore, up 10.2 per cent over the preceding fiscal. For the full FY24, the net profit stood at Rs 20,466 crore, which was 12.4 per cent higher than that of FY23.
The government had raised the target for direct tax collection in FY24 (April 2023 to March 2024) to Rs 19.45 lakh crore in the interim Budget presented on February 1.
The Insurance Regulatory and Development Authority of India (IRDAI) has made a groundbreaking decision to remove the age limit of 65 years for individuals purchasing health insurance policies, aiming to broaden coverage and enhance financial security against healthcare expenses.
Reliance Industries, led by Mukesh Ambani, is set to reveal its Q4 results and dividend declaration today after market hours. With shares soaring by 30% in the last six months, nearing record highs, investors eagerly anticipate insights into the company's financial performance.
Accompanying the Sensex, the Nifty also witnessed a notable uptrend, rising by 190.1 points to touch 22,337.10. This surge in the Nifty further reinforces the bullish trend in the market, indicating broad-based buying across sectors.
Explaining the rationale behind this move, the company stated that the subsidiary “shall carry out business in the field of Investment in Commercial Enterprises and Management.”
Former Reserve Bank of India (RBI) Governor D Subbarao the public should be made more aware of the cost and benefits of these freebies and that it is the responsibility of the government to educate the population on this.
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold. The category has been attracting regular inflows since the beginning of financial year 2023-24 in April.
Musk was expected to make an investment announcement and meet Prime Minister Narendra Modi during a two-day visit to India from Sunday (April 21). India's latest policy on cutting import taes for e-vehicles was a big win for Tesla, which had faced pushback from domestic carmakers.
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