Jio Financial hits lower circuit on listing day
New Delhi, Aug 21 (SocialNews.XYZ) Shares of Jio Financial Services (JSF) hit a lower circuit of 5 per cent on the listing day on Monday. The shares were locked in the lower circuit of 5…
Economy
BOB puts actor Sunny Deol’s property on auction for loan dues of Rs 56 cr (Ld)
Chennai, Aug 20 (SocialNews.XYZ) Has the central government-owned mortgage lender Bank of Baroda (BOB) put actor and BJP Member of Parliament Sunny Deol’s Mumbai property on e-auction for failing to pay back a loan of…
Govt raises onion buffer from 3 LMT to 5 LMT, to be sold at Rs 25 per kg from tomorrow
New Delhi, Aug 20 (SocialNews.XYZ) Government has raised the quantum of onion buffer to 5 lakh metric tonne (LMT) this year, after achieving the initial procurement target of 3 lakh metric tonne. Apart from releasing…
Bangladesh posts current account deficit at $3.3 bn in FY 2022-23: official
Dhaka, Aug 20 (SocialNews.XYZ) Bangladesh registered a current account deficit of some $ 3.3 billion in the last fiscal year running from July 2022 to June 2023, a Bangladesh Bank (BB) official said on Sunday….
Murugappa group family members settle their dispute
Chennai, Aug 20 (SocialNews.XYZ) Patching up their differences, the two warring factions of one of the oldest business families in India – the Murugappas- said the disputes and the differences are being amicably settled. In…
Bank of Baroda puts actor Sunny Deol’s property on auction for loan dues of Rs 56 cr
Chennai, Aug 20 (SocialNews.XYZ) Has the central government-owned mortgage lender Bank of Baroda (BOB) put actor Sunny Deol’s Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and…
Domestic as well as global markets expected to remain under pressure for week
New Delhi, Aug 20 (SocialNews.XYZ) Investor sentiment remains subdued due to the high volatility of the global currency market, leading to a high depreciation of EM currencies, which affects the performance of equities, says Vinod Nair,…
Powered by govt push, UPI transactions shot up to Rs 83.2L cr in 2022
New Delhi, Aug 20 (SocialNews.XYZ) Unified payments interface (UPI) transactions rose manifolds between 2018 and 2022 in terms of value as well as volume, by 1,320 per cent and 1,876 per cent respectively. In 2018,…
One the most valuable company in the world, US Steel is now the subject of a bidding war
New York, Aug 20 (SocialNews.XYZ) The days may be numbered for US Steel Corp., a one-time backbone of the US economy, the media reported. Once US Steel was the most valuable company in the world….
Bengal to take Rs 2,500 cr loan from World Bank for infra development
Kolkata, Aug 19 (SocialNews.XYZ) West Bengal government is taking a Rs 2,500 crore loan from the World Bank and the entire money will be utilised for the purpose of infrastructure development in the state. Sources…
Govt imposes 40% duty on onion export
New Delhi, Aug 19 (SocialNews.XYZ) The government on Saturday imposed a 40 per cent export duty on onion exports till December 31. The announcement was made through a notification on Saturday. This notification shall come…
Current equity cycle to be analogous to 2003-2008 bull cycle, says report
New Delhi, Aug 19 (SocialNews.XYZ) Equities are best positioned to benefit from India’s structural growth, according to a report by Standard Chartered Bank. “We expect the current equity cycle to be analogous to the 2003-2008…
I-T Dept revises rules for valuing rent-free accommodation given by employers
New Delhi, Aug 19 (SocialNews.XYZ) Employees having high grade salaries and also rent-free accommodation given by their employers, will be able to save more tax and take home a higher salary, as per amendments notified…
India’s digital public infrastructure offers scalable, secure, inclusive solutions for global challenges: PM Modi
Bengaluru, Aug 19 (SocialNews.XYZ) Prime Minister Narendra Modi on Saturday said that India’s digital public infrastructure offers scalable, secure and inclusive solutions for global challenges. Addressing the G20 Digital Economy Ministers meeting in Bengaluru virtually,…
Evergrande’s bankruptcy may be the beginning of China’s real estate crisis
New York, Aug 19 (SocialNews.XYZ) Property developer Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned China’s spectacular growth over the past 30 years, the media reported. For decades, Evergrande,…
Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO
New Delhi, August 18 (SocialNews.XYZ) The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director and…
Sitharaman to attend G20 finance & health ministerial meeting in Gandhinagar tomorrow
New Delhi, Aug 18 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman will visit Gandhinagar on Saturday to attend the joint finance and health ministerial G20 meeting. It will also be attended by Health Minister Mansukh Mandaviya. Sitharaman…
Moody’s reiterates India’s Baa3 rating but warns of political issues
New Delhi, Aug 18 (SocialNews.XYZ) Moody’s Investors Service on Friday maintained its stable outlook on India, while affirming its Baa3 rating. Though at the same time, it has taken a cautious stand on political issues,…
Over 50cr Jan Dhan accounts opened in 9 yrs
New Delhi, Aug 18 (SocialNews.XYZ) The total number of Jan Dhan accounts have crossed 50 crore as on August 9, 2023, nine years since the scheme was launched in August 2014. According to information provided…
Our financial position is really bad, says Kerala FM
Thiruvananthapuram, Aug 18 (SocialNews.XYZ) Kerala Finance Minister K.N Balagopal on Friday said that the financial position of the state is abysmally poor. “Our financial position is really bad. The Centre has not only tied our…