Audit firms empanelled by the Securities and Exchange Board of India (Sebi) for forensic audit can participate in the tendering process, and the last date for submission of bids is April 8, as per the tender document published by the Reserve Bank of India.
Business news: Gold reserves during the week rose from USD 425 million to USD 51.140 billion. In the calendar year 2023, the RBI added about USD 58 billion to its foreign exchange kitty.
The decision came after the Directorate General of Civil Aviation (DGCA) conducted a spot audit of Air India in January, during which evidence was collected and fleet-wise random reports were analysed.
Munoz is a former model who won the Metropolitan Fashion Week in the United States in 2022 and is working on her own startup for luxury consumer products. The couple got married over a month ago and have reportedly returned from their honeymoon.
In the early trade, the 30-share BSE Sensex declined 413.36 points to 72,227.83. Meanwhile, the NSE Nifty skidded 86.8 points to 21,925.15.
Learn how to navigate EPF interest calculations with our comprehensive guide to understanding EPF account interest. The EPF, a retirement savings scheme backed by the Central Government, requires monthly contributions from both employees and employers.
On the Sensex, stocks of NTPC, PowerGrid, Tata Steel, IndusInd Bank, and Tata Motors witnessed significant gains, while Airtel, ICICI Bank, Maruti, and Asian Paints ended in the red.
The projections shared by the US Federal Reserve indicated the continuation of strong economic growth despite inflation remaining 'inflated'. This step caused global stocks to rally on Thursday, while the Indian rupee showed gains of 14 paise in the morning.
Riding on the positive global cues, the 30-share BSE Sensex surged 595.02 points to 72,696.71. Meanwhile, the NSE Nifty climbed 181.85 points to 22,020.95.
The central bank has urged all agency banks involved in government transactions to keep their services available to the public on Sunday, March 31.
The mining sector holds significant potential for economic growth, particularly as the government prioritizes self-reliance. Multibagger stock Gujarat Toolroom recently secured a substantial order from Reliance Industries, marking a significant milestone in its growth trajectory.
Stock market: Despite external factors and global market conditions, Indian equities demonstrate stability and resilience, providing investors with confidence in the market's long-term prospects.
EPF account: There are total of 11 parameters which can be changed by an employee during his or her employment in their Employees’ Provident Fund account details.
In the early trade, the 30-share BSE Sensex rebounded 237.36 points to 72,249.41. Meanwhile, the Nifty climbed 74.25 points to 21,891.70.
Business news: Deloitte India Partner Sumit Singhania said a nearly 20 per cent year-on-year growth in Tax revenues underlines the continued momentum of tax policy reforms carried out around the year and not necessarily as a part of the annual budgetary exercise.
Flipkart's valuation dropped from $40 billion in the fiscal year ending January 31, 2022, to $35 billion as of January 31, 2024. However, company sources have countered this estimate and said it would actually be higher.
As the deadline of March 31 approaches, numerous taxpayers hastily plan their income tax savings, often resulting in costly errors. These may include mistakenly mixing insurance with investment or failing to review existing and ongoing investments.
In the early trade, the 30-share BSE Sensex declined 314.56 points to 72,782.72. Meanwhile, the NSE Nifty dropped 101.65 points to 22,045.
The baby was named Ekagrah, a Sanskrit word that means unwavering focus and determination. The family was reportedly inspired by Arjuna's “ekagrah” in the Mahabharata.
With discussions surrounding the stock market, the term "stress test" has gained attention, especially amidst the recent decline in mid- and small-cap shares. Stress tests evaluate mutual funds' ability to liquidate portfolios swiftly during extreme scenarios.
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