Business

[ad_1] MUMBAI: Markets regulator Sebi has issued an administrative warning to Paytm over certain related-party transactions with its now defunct banking unit Paytm Payments Bank during FY22, which it said was conducted without the approval of the company’s audit committee or shareholders. The warning was related to two transactions with unapproved amounts of Rs 324…

[ad_1] NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand…

[ad_1] NEW DELHI: Government has discussed the possibility of a Bangladesh-type model to help the Indian garment sector ramp-up output and compete globally and create jobs domestically.While discussions have been preliminary, industry representatives have pointed to the massive potential that exists in the country, both due to availability of cotton, as well as the need…

[ad_1] NEW DELHI: Wholesale price inflation surged to a 16-month high in June as food and manufactured product prices shot up.Data released by the commerce and industry ministry on Monday showed inflation, as measured by the wholesale price index, rose an annual 3.4% in June from 2.6% in May. Food inflation hit double digits at…

[ad_1] Budget 2024 expectations: The Modi government is likely to maintain its revenue collection targets of nearly Rs 1 lakh crore for the fiscal year 2024-25 (FY25) through disinvestment, asset monetization, and dividends from non-financial Central Public Sector Enterprises (CPSEs), according to senior officials. The interim budget presented in February combined disinvestment and asset monetisation…

[ad_1] World’s most populated country 2024: India ranks number 1 in the list of the top 10 most populated countries in the world 2024. According to the latest UN World Population Prospects 2024 report, India’s population is estimated at 1,450.936 million. Ten years ago, India ranked at number 2 behind China, with a population of…

[ad_1] AHMEDABAD: Sirius Digitech Limited, a joint venture company of Adani Group and Sirius International Holding (Sirius), on Tuesday announced the acquisition of CoreEdge.io Private Limited, a AI and cloud platform company.Coredge.io is a sovereign AI and cloud platform company offering secure, scalable, and compliant cloud solutions to government and enterprise clients.Founded as a bootstrap…

[ad_1] NEW DELHI: Bajaj Auto on Tuesday said its consolidated profit after tax increased by 18 per cent to Rs 1,942 crore for the June 2024 quarter. The Pune-based automaker had reported a Profit After Tax (PAT) of Rs 1,644 crore in the April-June quarter of last fiscal. Total revenue from operations rose to Rs…

[ad_1] NEW DELHI: Tata Power will invest Rs 20,000 crore towards capital expenditure (capex) in FY25, the company’s Chairman N Chandrasekaran said on Monday. A large part of the capex will be spent towards accelerating the company’s renewable energy portfolio and balance towards transmission and distribution businesses, he told shareholders at the company’s 105th Annual…

[ad_1] NEW DELHI: Union finance minister Nirmala Sitharaman, along with minister of State Pankaj Chaudhary and secretaries, attended the ‘halwa’ ceremony marking the final stage in preparing the full Budget for the fiscal year 2024-25, at North Block in Delhi on Tuesday.The ceremony was also attended by officers and staff who are involved in the…