India Financial News

Indian government said it was rescuing its citizens who were lured into employment in Cambodia and were being forced to participate in cyber fraud schemes. The Indian embassy in Cambodia is working with Cambodian authorities and has rescued and repatriated about 250 Indians, including 75 in the last three months, India's Ministry of External Affairs spokesperson Randhir Jaiswal said in a statement on Saturday. Jaiswal was responding to Indian news reports that stated more than 5,000 Indians are trapped in Cambodia and being forced to carry out cyber frauds on people back home.

insurance policyholders, starting from April 1, 2024. One is mandatory e-Insurance policies for new policyholders and the other is regarding the surrender charges of the life insurance plans such as endowment policies. Here's what policyholders need to know:

Arvind Kejriwal's wife Sunita Kejriwal on Sunday read out a message sent by the AAP supremo from lock-up at the INDIA bloc's 'maharally' at the Ramlila maidan in Delhi. As part of his message, Kejriwal said that India is in pain and also announced 6 guarantees if INDIA bloc is voted to power, which include 24/7 power supply and high class education. «Your own Kejriwal has sent a message for you from jail. Before reading this message, I would like to ask you something. Our Prime Minister Narendra Modi put my husband in jail, did the Prime Minister do the right thing? Do you believe that Kejriwal Ji is a true patriot and honest person? These BJP people are saying that Kejriwal ji is in jail, he should resign. Should he resign? Your Kejriwal is a lion, they will not be able to keep him in jail for long,» she said.

Uttar Pradesh minister Swami Prasad Maurya, who recently parted ways with the Samajwadi Party, on Sunday said he will contest the Lok Sabha elections from Kushinagar as a candidate of his Rashtriya Shoshit Samaaj Party. Claiming that he held talks with the INDIA bloc constituents from Uttar Pradesh over seat sharing but got no response, Maurya also announced that S N Chauhan will be his party's candidate from the Deoria Lok Sabha seat. The names of other candidates of the party would be announced soon, he added. Kushinagar and Deoria Lok Sabha seats will vote in the seventh and final phase of the general elections on June 1.

Samajwadi Party president Akhilesh Yadav on Sunday said the BJP is «worried» about losing power as he attacked the ruling party for «misusing» probe agencies to target the opposition. The former Uttar Pradesh chief minister also said that the BJP is being "criticised" across the world for the arrest of Delhi Chief Minister Arvind Kejriwal. Yadav, who arrived in the city for the INDIA Bloc rally at Ramlila ground, told reporters at the airport, the «BJP is worried that it is going (out of power). While we (opposition leaders) are coming to Delhi today, the PM is going out of Delhi. This shows who is going out (of power)». He was referring to Prime Minister Narendra Modi's rally in Meerut later in the day.

BJP leader LK Advani. President Murmu paid a visit to senior BJP leader LK Advani's residence and conferred him with the prestigious award. This was decided in view of the ailing health of the veteran BJP leader Advani.

₹67,259.99 crore, with Reliance Industries emerging as the primary beneficiary amid a general bullish sentiment in the stock market. The BSE index experienced an ascent of 819.41 points or 1.12 percent over the week. Trading activity was limited to three sessions due to market closures on Monday for Holi and Good Friday on March 29.

FY24 Review | Bajaj Auto, NTPC, among top 10 Nifty 50 performers, deliver hefty 80-140% returns in last 12 months On Thursday, the BSE and NSE debuted the beta version of T 0, a same-day trade settlement system for select stocks. This optional service allows investors to engage in transactions for 25 securities with settlement occurring on the same day. "When India became the first large market in the world to move to T 1 settlement, and just two days ago when we went live with an optional T 0 settlement, the process felt pretty much the same--lots of onion peeling happened to make for a global first," Buch said.

Ramlila Maidan in the national capital. The protest forced the Congress-led United Progressive Alliance (UPA) government at the centre to promise an anti-corruption watchdog - Lok Pal. Arvind Kejriwal took oath for the first time as Chief Minister of Delhi, with the support of the Congress party, at the Ramlila Maidan on December 28, 2013.

GT vs SRH IPL 2024 Live Score: A struggling Gujarat Titans take on a resurgent Sunrisers Hyderabad on their home turf at the Narendra Modi Stadium in Ahmedabad. Both teams have had similar starts to the IPL season, losing 1 and winning 1 game each, and will meet for the third time today.Gujarat Titans started the IPL 2024 season with a bang, defeating their nemesis Mumbai Indians by 6 runs.

home loan processing fee is a singular fee imposed by lenders for evaluating your home loan application. This fee primarily includes the expenses associated with verifying your income and employment information, assessing your creditworthiness, and assembling all the required documentation for your loan. The processing fees for home loans usually vary between 0.25% and 1% of the loan amount.

Tomorrow's IPL Match: Mumbai Indians (MI) and Rajasthan Royals (RR) will clash on April 1 at the Wankhede Stadium in Mumbai. The match will start at 7:30 PM. This will be the third match in IPL 2024 for both teams.

HDFC Bank has informed its customers that National Electronic Funds Transfer (NEFT) transactions may not be available on April 1, 2024, due to procedures regarding financial year-ending. Even if the NEFT facility is available for select HDFC Bank customers, it may get delayed. So those who are planning to transfer money may avoid NEFT on Monday. Further, if you receive salary or other payments through NEFT transfer on April 1, 2024, they may also get delayed due to the same reason. HDFC Bank customers may use other transaction methods such as Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS), and Unified Payments Interface (UPI) to transfer money on April 1, 2024.

Bank of India (BoI) has announced a hike in lending rate by 10 basis points, a move which will make loans, including retail, expensive. The lending rate increase comes ahead of the monetary policy announcement by the Reserve Bank of India on April 5. The new rate would be effective from April 1, BoI said in a regulatory filing on Saturday. The bank has increased the mark-up by 10 bps from the existing level of 2.75 per cent to 2.85 per cent, and with the present repo rate of 6.5 per cent, the repo-based lending rate (RBLR) will be 9.35 per cent, it said.

cyber fraud, the Reserve Bank is considering establishing a Digital India Trust Agency (DIGITA) to stop the mushrooming of illegal lending apps. The proposed agency will enable verification of digital lending apps and maintain a public register of verified apps, sources said. Apps not carrying the 'verified' signature of DIGITA should be considered unauthorised for the purpose of law enforcement, sources said, adding that this will serve as a pivotal checkpoint in the fight against financial crimes in the digital realm. DIGITA, once in place, would be entrusted with the responsibility of vetting digital lending apps, they noted.

Congress on Sunday accused the Modi government of indulging in "statistical jugglery" over the unemployment issue, and said that the truth remains that the unemployment rate today is the highest it has been in the last four decades. Congress general secretary Jairam Ramesh said a Union Minister recently derided the ILO's Employment Report as a symptom of India's «slave mentality.» «Instead, he made the absurd claim of having added 52 million new formal jobs between FY20 and FY23 based on EPFO, ESI, and National Pension Scheme database,» he said. Ramesh's remarks were a reference to the reported comments by Union minister Anurag Thakur at a media conclave last week when he had said that India has been relying on international rating agencies for years, but it should now go by the data from domestic ones which are now equally equipped.

micro and small enterprises (MSEs) as it will impact their businesses. In a letter to Prime Minister Narendra Modi, chiefs of major export promotion councils and federation of Indian export organisations have appealed to waive the export companies from section 43B(h) of the Income Tax law. The new rule, Section 43B(h) of the Income Tax Act, introduced in the Finance Act 2023, is designed to make sure small businesses get paid on time. It allows companies to get tax breaks if they pay their small business suppliers within the time limits set by the MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. Especially, companies must pay within 45 days if there is an agreement, and within 15 days in the absence of such a pact. If they do not meet these deadlines, they can not deduct these expenses for tax purposes.

ikat cotton scarf from their first collection in 1992, a black handloom sari that opened their debut runway show in 2010, or a robe from 2017 printed with the Devanagari script, each item tells a story of a rare breed of fashion designers who create garments that never grow old. Since launching their brand in 1992, David Abraham, Rakesh Thakore and Kevin Nigli have kept their design language simple: modern, clutter-free and far away from the highly ornate embroideries that have become synonymous with Indian fashion.

Shamanur Shivashankarappa has sparked controversy with a sexist remark directed at the BJP's candidate from the constituency, Gayathri Siddeshwara. He stated that she is only “fit to cook," implying that her abilities are limited to domestic tasks.

₹6,329 crore from the income tax department. Nonetheless, the company is concurrently confronting a substantial tax liability of ₹2,763 crore as per assessment orders. The directives are in accordance with different provisions outlined in the Income Tax Act of 1961.

'PM Modi aims to transcend divisive politics of caste, religion': FM Sitharaman PM Modi on Sunday cited a report in Times of India that said, 'RTI reply shows how Indira Gandhi ceded the island to Sri Lanka'. The PM on the X platfrom wrote, "Eye-opening and startling! New facts reveal how Congress callously gave away Katchatheevu". PM Narendra Modi added, "Weakening India’s unity, integrity, and interests has been Congress’ way of working for 75 years and counting".