RS 60 LAKHS
States to sell 2.64 lakh crore of bonds in July-Sept
Centre to issue T-bills worth Rs 2.60 lakh crore in Q2. In an indicative calendar released by the RBI on Friday, the central bank announced 13 sets of auctions in July-September through which states plan to sell bonds and raise funds.
GT Force Texa electric motorcycle launched at Rs 1.2 lakh. Check specification and other details
GT Force's GT Texa, priced at Rs 1.20 lakh, offers a 130 km range with a 3.5 kWh battery. The electric motorcycle features alloy wheels, E-ABS controller, and telescopic dual suspension systems for a comfortable ride. Available in multiple states, it complements GT Force's electric two-wheeler lineup.
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.
As many as 458 infra projects hit by cost overrun of Rs 5.71 lakh cr in May
In May this year, 458 infrastructure projects in India, each with an investment of Rs 150 crore or more, experienced a cost overrun totaling more than Rs 5.71 lakh crore, according to an official report. The Ministry of Statistics and Programme Implementation (MoSPI), which oversees infrastructure projects worth Rs 150 crore and above, highlighted that out of 1,817 monitored projects, 458 faced cost overruns and 831 projects were delayed.
Vedanta Group biggest wealth creator in FY25 so far; adds over Rs 2.2 lakh cr in market cap
Vedanta Group comprising, Vedanta Ltd and Hindustan Zinc Ltd, have generated the maximum wealth for investors on the Dalal Street in the current fiscal so far, with the combined market valuation of both firms surging by Rs 2.2 lakh crore.
Gold ETFs add over 1.36 lakh new folios in May, fastest in 60 months. AUM per folio 3rd best in 2 years
Gold ETF schemes added 136,772 folios in May, a 12.5% year-on-year increase. Investors are increasingly choosing Gold ETF mutual schemes for reasons like easy availability and low investment ticket size.
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Should you file ITR if your income is less than Rs 7 lakh with nil income tax?
Income tax return: Taxpayers have to file ITR if their income level exceeds the basic exemption limit or they have conducted certain specified transactions. Experts say that most taxpayers have a misunderstanding that if tax is not payable then filing of ITR is not mandatory. However this is not the case always. Read here to know more about ITR filing.
Block deal: Goldman Sachs Funds sells 40.6 lakh shares in Restaurant Brands Asia for Rs 43 crore
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, which sold its stake on Friday, held 1,10,12,628 shares, representing 2.22% of Restaurant Brands Asia as of March 31, 2024, according to BSE shareholding data.
Mcap of BSE-listed firms at another record high of Rs 434.9 lakh crore
The market capitalisation of BSE-listed firms hit another record high of Rs 434.88 lakh crore on Friday as the BSE benchmark scaled new closing peak, rallying for the third day running.
Tesla shareholders okay CEO Elon Musk's Rs 4.67 lakh crore pay package
esla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, showing strong support for his leadership of the electric vehicle maker. While the favorable vote indicates confidence in Musk, it does not guarantee immediate access to the all-stock compensation. The package is expected to face legal challenges in the Delaware Chancery Court and Supreme Court for several months as Tesla seeks to overturn the initial rejection.
Home loan interest rates June 2024: These banks offer cheapest interest rates for home loans above Rs 75 lakh
Home loan interest rates June 2024: A home loan is a secured loan for a borrower to buy a home. The loan amount is repaid via equated monthly installments (EMI). Here is a list of banks offering the best home loan interest rates for loans above Rs 75 Lakh.
India's very own Tinder Swindler(s): Hyderabad cops arrest seven for duping men to the tune of ₹30 lakh via dating app scam
The scam run by the suspects targeted youngsters on dating apps, luring them to pubs in the city's Madhapur area with the promise of a date with a woman. Once the men got to the pub, their date would allegedly make them pay the bill after ordering expensive food and alcohol. The owners of the pub would later split up the money between themselves and the gang.
Pakistan's economy missed economic growth target, donkey population rises to 60 lakh in FY24: Economic Survey
The Pakistan Economic Survey (PES) 2023-24 reveals a 1.72% rise in the donkey population, reaching 5.9 million. Despite this increase, Pakistan's economic growth fell short, expanding by 2.4% instead of the targeted 3.5%. Livestock, vital to the rural economy, saw growth in cattle, buffalo, sheep, goats, and camels, contributing significantly to GDP.
448 infrastructure projects hit by cost overrun of Rs 5.55 lakh crore in April
The total original cost of implementation of the 1,838 projects was Rs 27,64,246.50 crore, and their anticipated completion cost is likely to be Rs 33,19,601.84 crore, which reflects an overall cost overrun of over Rs 5,55,355.34 (20.09 per cent of original cost), the ministry's latest report for April 2024 showed.
Modi’s return paves the way for infrastructure ramp up, says Vinit Bolinjkar
I believe that with the RBI having given the government more than one lakh additional surplus, I think there is a lot of room for manoeuvre and to announce all these projects.
I received Rs 70 lakh after retirement. Where should I invest this amount for good return?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
NHAI's road assets monetisation can fetch up to Rs 60,000 cr for govt this fiscal
ICRA predicts NHAI's road asset monetization plan could yield up to Rs 60,000 crore in FY2025, part of the National Monetisation Pipeline. NHAI plans to sell 33 assets through toll-operate-transfer (TOT) and InvIT modes, totaling 2,750 km with Rs 4,931 crore annual toll collection, likely attracting various investor types.
Airtel Payments Bank's annual net profit rises 60% to Rs 35 crore
Airtel Payments Bank records 60% surge in annual net profit to Rs 35 crore, with revenue up 42% to Rs 1,836 crore. Monthly transacting users reach 80.4 million.
Beacon Trusteeship IPO to open on May 28; sets price band at Rs 57-60/ share
Leading debenture trustee Beacon Trusteeship Ltd on Wednesday said it is aiming to raise a little over Rs 32 crore through its initial share-sale opening for public subscription on May 28.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Mahindra XUV 3XO receives over 50,000 bookings within 60 minutes, deliveries to start from May 26
Mahindra & Mahindra Ltd announced that its newly launched compact SUV, the XUV 3XO, received an impressive 50,000 bookings within the first hour of availability. The company expressed pride in the overwhelming response, highlighting that 27,000 bookings were made within the initial 10 minutes alone, showcasing significant enthusiasm for the new SUV.
1,366 tenders worth Rs 60,276 cr procurement violate Make-in-India norms
An analysis by DPIIT reveals 1,366 government tenders worth Rs 60,276 crore non-compliant with procurement norms; 369 tenders violated Make in India Order, 40 sought specific foreign certification. DPIIT recommends increasing local content requirements and identifies various violations in public procurement tenders, prompting corrective actions.
RBI imposes Rs 60.3 lakh penalty on five co-operative banks
RBI imposed penalties totaling Rs 60.3 lakh on five co-operative banks for regulatory violations. Penalties include fines for non-compliance with specific directions. Monetary penalties are based on regulatory compliance issues, not transaction validity.
Navi Mumbai builder loses Rs 60 lakhs in online trap; Here's what happened
A cyber fraud incident unfolded in Navi Mumbai as a builder fell victim to an impersonation scam, resulting in the fraudulent transfer of Rs 60.6 lakh from his office. The cyber police station is probing into the case, and no arrest has been made so far.
Supreme Court orders govt to pay Rs 60 lakh to military officer sacked after marriage
The Supreme Court has declared any law disentitling women employees based on their marriage and domestic involvement as unconstitutional. In a recent case, the court directed the Centre to pay Rs 60 lakh to Lt Selina John, a permanent commissioned officer from the Military Nursing Service, who was terminated after getting married.
Defence ministry’s procurement from GeM crosses Rs 1 lakh cr: govt
Of this, transactions worth around Rs 45,800 crore have been awarded in the current financial year. The defence ministry is the “first” central government entity to cross this figure, exemplifying its resolute commitment towards optimising public spending in the defence sector, as per GeM chief executive officer P K Singh.
Ministry of Defence achieves milestone with Rs 1 lakh crore orders on Government e-Marketplace
The Ministry of Defence (MoD) has achieved a significant milestone by transacting over Rs 1 lakh crore through the Government e-Marketplace (GeM) portal. This milestone highlights MoD's commitment to efficient public spending in the Defence sector. GeM has played a crucial role in facilitating a wide range of procurement needs for MoD, from general items to critical defence acquisitions. Notably, over 50% of the orders, amounting to Rs 60,593 Crore, have been awarded to Micro and Small Enterprises (MSEs), contributing to India's self-reliance goals. MoD's early adoption of GeM and engagement of Defence PSUs have further enhanced procurement processes and sales, marking a significant shift in the procurement landscape.
Uttarakhand roads to be like those in US by end of 2024: Nitin Gadkari
Gadkari said that there were 2,517 km of national highways in Uttarakhand in 2014 which has now risen to 3,608 km. Meanwhile, the chief minister said the projects whose foundation stone was laid at Tanakpur on Tuesday were long awaited and thanked Gadkari for his pro-active role in making it possible.
Agriculture Ministry gets Rs 1.27 lakh cr budget allocation for FY25
According to the budget papers, the Ministry of Consumer Affairs, Food & Public Distribution has been allocated Rs 2.13 lakh crore for the next fiscal year, lower than the 2023-24 allocation. Under this ministry, the allocation for the department of consumer affairs has been earmarked at Rs 303.62 crore for 2024-25 from Rs 309.26 crore in the current year.
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