INDIAN ACCOUNTANTS
For a handful of equity and shine, investors open 4.3 m Demat a/cs In recent activity, nearly 3.9 million new investor accounts were opened with the Central Depository Services Ltd (CDSL), and an additional 0.4 million accounts were registered with the National Securities Depository (NSDL). By comparison, May witne...
06 Jul, 2024, 09.45 AM ISTFlood of IPOs brings sackful of bonuses to I-Bankers’ accounts Indian investment bankers receive generous bonuses despite a soft M&A market. Top performers at local I-banks like Kotak and Axis Capital see bonuses increase by 150-200%. Average bonuses rise by 10-25% as companies focus on talent retention. IPO ac...
05 Jul, 2024, 12.34 PM ISTIncrease in exports, improvement in CAD, mnfg to help boost Indian economy: Goyal India's merchandise exports show growth despite a widened trade deficit, reflecting a positive economic outlook. The Commerce Minister's participation in the gem and jewellery industry program signifies confidence in the country's economic trajector...
30 Jun, 2024, 08.03 PM IST- ADVERTISEMENT
Fact Check: IRCTC clears false claims about e-tickets bookings; All you need to know The spokesperson said up to 12 tickets per month can be booked from an individual's account and if the account-holder is Aadhar-authenticated, he can book 24 tickets per month, provided at least one of the travellers on each ticket is also Aadhar-au...
25 Jun, 2024, 08.24 PM ISTPunjab & Sind Bank signs pact with Indian Army for salary account "PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels. The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a compreh...
25 Jun, 2024, 05.37 PM ISTCAD in surplus in March quarter after four years India's current account turned into a surplus in the quarter ended March 2024, marking the first surplus in four years. This change was driven by a moderation in the trade deficit, higher services income, and increased remittances from overseas Indi...
25 Jun, 2024, 12.12 AM ISTRFC account for NRIs: What is it, eligibility, how to open and more For non-resident Indians (NRIs) planning to return to India, managing foreign earnings and assets efficiently is crucial. One effective way to do this is by opening a Resident Foreign Currency (RFC) account.
10 Jun, 2024, 06.30 AM ISTAdani Group suffers Rs 3 lakh crore shock as stocks crash up to 20% Adani Group Stocks: Shares of all 10 Adani Group companies fell as PM Modi's election results showed unexpected outcome, leading to a 20% crash in Adani Ports stock.
05 Jun, 2024, 05.52 PM ISTWhat’s fueling the shift in Indian investor behaviour? India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
05 Jun, 2024, 12.02 PM ISTRecordent announces 100+ meets connecting 10,000 Indian SMEs across India These events aim to serve as valuable networking platforms, enabling participants to gain insights and build connections within the industry.
30 May, 2024, 12.43 PM ISTNavigating financial requirements: Essential steps for international students to study in Canada Studying abroad offers students the opportunity to experience new cultures and gain valuable academic insights. However, financial logistics are crucial. To study in Canada, international students must demonstrate sufficient financial support for th...
30 May, 2024, 11.03 AM ISTWork overnight for FPI tax papers: Sebi tells big four firms At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale ...
30 May, 2024, 06.12 AM ISTCiti sees rupee a favorite in Asia as India joins key bond index Citigroup Inc. remains positive on the Indian rupee's outperformance, citing strong fundamentals, a narrowing current account deficit, and growing expectations on inflows around India's inclusion in a global bond index.
28 May, 2024, 09.21 AM ISTMumbai man loses Rs 1.07 crore in trading scam; Here's how Indians lost Rs 1,750 cr in just four months A 48-year-old man from Navi Mumbai lost Rs 1.07 crore in a share trading scam, highlighting a broader surge in cybercrime in India. The Indian Cybercrime Coordination Centre (I4C) reported 20,043 trading scam cases amounting to Rs 14,204.83 crore be...
27 May, 2024, 01.07 PM ISTIndia needs a robust system to protect doctors from bogus lawsuits & ensure accountability for negligence Indian Medical Association (IMA) praised GoI for criminal reforms absolving medical fraternity from liability under Section 304(a) of IPC, now Section 26 of Bharatiya Nyaya Sanhita. Supreme Court's 'Jacob Mathew vs State of Punjab' judgment balanced...
24 May, 2024, 11.42 PM ISTPriyanka Gandhi highlights Congress promise of Rs 8500/month for eldest lady of every Indian homes Congress' Priyanka Gandhi Vadra reiterates INDIA bloc's promise of Rs 1 lakh per year to the eldest woman in every Indian household if voted to power in 2024. While speaking at a rally in Raebareli, the Congress leader also promised a host of scheme...
16 May, 2024, 01.57 PM ISTGovt looks to change base year for major economic gauges to FY23, revamp of key datasets also being planned The base year provides a reference point for measuring changes in economic variables and comparing relative performances of indicators over time. For instance, real gross domestic product (GDP) growth is currently calculated with reference to FY12 p...
16 May, 2024, 05.30 AM ISTLatest General Provident Fund rules: Will interest amount be paid if the GPF contribution exceeds Rs 5 lakh? Govt clarifies General Provident Fund rules: All government employees can open a GPF account and pay a portion of their salaries to the GPF. When they retire, employees receive the entire money accrued in their GPF account over their service tenure.
13 May, 2024, 12.07 PM ISTUS satisfied so far with India's probe on alleged plot to kill Pannun, but stresses 'red line' Eric Garcetti was asked at a U.S. think tank event what effect the recent discovery of assassination plots against Sikh nationalists in Canada and the United States could have on Washington's relations with New Delhi.
09 May, 2024, 10.29 PM ISTCDSL opens record 1.09 crore Demat accounts in Q4 On Friday, CDSL announced its March quarter earnings where it reported a 52% increase in annual profit after tax (PAT), and a 105% increase in quarterly PAT. The total standalone income reported by the company for FY24 stood at 743 crore, which was...
06 May, 2024, 06.36 PM IST