Finance Minister Nirmala Sitharaman has tabled a second batch of supplementary demands for grants in the Lok Sabha, seeking approval for an additional expenditure of Rs 51,462.9 crore for the current financial year. This move aims to address key funding requirements, including pensions and fertiliser subsidies. Key Highlights of the Additional Spending Broader Financial Context…
In a recent episode of Shark Tank India 4, founders Dheeraj Nagpal and Sachin Goel of Zinga Vita delivered an entertaining pitch centered around Shilajit, an ayurvedic supplement known for its multiple health benefits. Their mission was to destigmatize Shilajit and highlight its uses beyond sexual wellness, including improved metabolism, boosted energy levels, and benefits…
The Income Tax Department has established clear rules regarding cash deposits and withdrawals in savings accounts to ensure transparency and prevent tax evasion. Exceeding these prescribed limits may trigger scrutiny or even an income tax notice. Here’s everything you need to know to stay compliant with the rules. Annual and Daily Cash Deposit Limits According…
The National Securities Depository Limited (NSDL) is gearing up to launch its highly anticipated Initial Public Offering (IPO) worth ₹3,000 crore. This public issue, expected to go live by the end of March or early April, is entirely an Offer for Sale (OFS), with prominent stakeholders such as the National Stock Exchange (NSE), IDBI Bank,…
San Francisco-based artificial intelligence company OpenAI is reportedly preparing to launch specialized AI agents, designed to provide expert-level knowledge and support across various domains. According to a report by The Information, these advanced AI agents could come at a high subscription price of up to $20,000 (approximately ₹17.41 lakh) per month and will not be…
The Indian Renewable Energy Development Agency Ltd. (IREDA) announced on Saturday that the Reserve Bank of India (RBI) has declined its request for equity investment in the 900 MW Upper Karnali Hydro Electric Power Project in Nepal. Despite the setback, IREDA has confirmed its intention to resubmit the proposal. Background of the Investment Plan IREDA…
Industrialist Anand Mahindra has hailed Morbi, a small town in Gujarat, as India’s “Bahubali” of business for its remarkable dominance in the global ceramic industry. In a recent tweet, the Mahindra Group Chairman shared a video showcasing Morbi’s achievements, highlighting its ability to compete with China’s pricing while matching Italy’s quality. A Global Ceramic Hub…
India has emerged as one of the largest importers of Russian crude oil since the onset of the Ukraine war, spending approximately ₹1.15 lakh crore on purchases. This significant shift in India’s energy sourcing comes as Western sanctions on Russia have led to discounted oil prices, making Russian crude an attractive option for non-Western buyers….
India’s leading IT companies, including Tata Consultancy Services (TCS), Wipro, and Infosys, are undergoing significant workforce restructuring as they reduce bench sizes to address slowing revenue growth and margin pressures. This move has raised concerns about potential layoffs, particularly for employees with legacy skills. In the IT industry, “bench time” refers to the period when…
Reliance Retail Ventures, led by Mukesh Ambani and his daughter Isha Ambani, has initiated a significant workforce restructuring as part of its broader strategy to enhance operational efficiency and prepare for its highly anticipated Initial Public Offering (IPO). The move comes amid a sharp decline in the company’s valuation, which has dropped to $50 billion…
