Country Financial News

NRI account proves helpful. By opening a savings account meant for NRIs they can transact conveniently in India while living abroad. Let’s understand the finer details and benefits of an NRI Savings Account.

The Centre on Thursday relaxed key rules to give a one-year extension to Cabinet Secretary Rajiv Gauba beyond August 30, 2023, according to a Personnel Ministry order. With the completion of this third extension, he will become the longest serving cabinet secretary of the country.

Maruti Suzuki India (MSI) announced on Thursday that its entry-level hatchback, Alto, has achieved a significant milestone of crossing 45 lakh sales. The model was initially introduced in the year 2000 and quickly gained popularity, becoming the highest-selling car in the country by 2004. Over the years, the Alto continued to soar in sales, hitting the 10 lakh mark in 2008, 20 lakh in 2012, and 30 lakh in 2016.

Pakistan Prime Minister Shehbaz Sharif showed his willingness to talk to India, the Ministry of External Affairs (MEA) Spokesperson Arindam Bagchi on Thursday said that India wanted neighbourly ties with Pakistan but there should be an atmosphere free from terror and violence for such a relationship. During a weekly briefing of MEA, Bagchi said, «We have seen reports regarding the comments by the Pakistan PM on this issue. India's clear and consistent position is well known that we desire normal relations with all our neighbouring countries including Pakistan.

Bharti Airtel says that it exited the quarter with an industry-high ARPU of Rs 200, compared to Rs 193 in Q4FY23 and Rs 183 in Q1FY23. «We continue to deliver industry leading ARPU along with growing average data usage per data customer at 21.1 GBs/month,» the company statement read.Bharti Enterprises chairman Sunil Mittal had earlier indicated that the average revenue per user (ARPU) needs to reach at least Rs 300, and prices are expected to increase with 5G but will still remain affordable.

Healthcare delivery startup Pristyn Care on Thursday said it has commenced operations in Bangladesh and will invest Rs 100 crore over the next two years to expand operations in the neighbouring country. The company plans to have five patient care centres in Dhaka and Chattogram(Chittagong) by March 2024.

Rajya Sabha Chairman Jagdeep Dhankhar on Thursday came down heavily on the Congress for accusing him of defending the prime minister, saying he does not need to defend someone who has got global recognition and electoral mandates in 2014 and 2019. He also urged the members from the treasury benches to reach out to their opposition counterparts and convince them not to walk out. The opposition parties had staged a walkout as the House went ahead with the scheduled business despite Leader of Opposition Mallikarjun Kharge's suggestion of adjourning the proceedings till 1 pm.

Britannia Industries Limited said that the food sector in which it operates has been significantly impacted by high commodity prices, rising interest rates and due to the fall out of the Russia-Ukraine conflict.The long term effects of these factors continue to be felt extensively, the company said in its annual report for 2022-23. It said that although commodity prices were volatile and inflation was at unprecedented levels, the post-COVID normalisation of economic activities supported growth throughout 2022-23.

By Dr AP Maheshwari

economy to average 6.7% growth between FY24 and FY31 and double the size of the economy to $6.7 trillion within the next eight years, S&P Global Ratings stated in its report released on Thursday. S&P stated that India can capitalise on this moment when the world faces unprecedented transition and uncertainty.

Cabinet Secretary Rajiv Gauba was on Thursday given one-year extension, beyond August 30, 2023, in service by the government, according to a Personnel Ministry order. This is his third extension on the post.

NTT Data Payments Services India, which has grown through a clutch of acquisitions including that of Atom Technologies, is keen to do more such deals as it seeks to become a top-five player in the next few days. The domestic arm of the Japanese tech major last September received in-principle approval from the Reserve Bank for a payment aggregator licence and is today among the top ten in this already cluttered space.

PM Rishi Sunak is detrimental to environment protection. "We desperately need our prime minister to be a climate leader, not a climate arsonist," news media outlet AFP quoted Greenpeace UK climate campaigner Philip Evans.

New Delhi: The Rajya Sabha on Thursday passed the Offshore Areas Mineral (Development and Regulation) Amendment Bill, 2023, paving the way for enhanced transparency in the allocation of minerals seated in country’s offshore basins, with a provision for granting production lease only through auction and keeping a reservation for government entities and public sector units (PSUs). In a first, the Bill opens up country’s vast mineral-bearing offshore areas.

Rahul Guha, MD & CEO, Thyrocare, says: “Our partnerships business is coming along well. We will partner, of course, with the government as well to participate in many of the health tenders that are coming up in the next couple of quarters. Most of our capital allocation for the next year is going to fund our international expansion.

H-1B visa is a non-immigrant visa category in the United States that allows employers to temporarily employ foreign workers in specialized occupations, typically requiring a higher level of education or technical expertise. It is a popular visa used by US companies to fill skill gaps and attract talented professionals from around the world, contributing to the country's technological and economic growth. H-1B visa holders, often employed in fields such as information technology, engineering, healthcare, and finance, play a crucial role in driving innovation and enhancing productivity. If you hold an H-1B visa, your sponsoring employer is responsible for adhering to specific conditions and obligations set forth by the US government. Non-compliance with these requirements may lead to financial penalties and the potential inability of your employer to sponsor future H-1B visa recipients.

Kalyan Jewellers on Thursday announced that it will launch 11 new stores across the country in August expanding its footprint across destinations while India is seeing an increased shift towards organised jewellery market. With this expansion, the jewellery brand will mark the milestone of its 200th showroom launch globally.

New Delhi: India has seen a significant tripling of organ donations over the past decade, with the annual count rising from 5,000 in 2013 to 15,000 currently, union health minister Mansukh Mandaviya said on Thursday. “There cannot be a greater service to humanity than giving life to another person. In 2013, around 5000 people came forward to donate their organs.

SUV, is scheduled for September 4, 2023. This premium SUV had been previously unveiled in India earlier this year, and the commencement of online bookings is imminent. The anticipated timeline involves the initiation of deliveries in September, immediately following the official launch event.

Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. "We now have randomly selected, from the remaining FY 2024 registrations properly submitted, a sufficient number of registrations projected as needed to reach the cap," US Citizenship and Immigration Services (USCIS) said on Tuesday.

Also read: Railways cuts train ticket rates by up to 25% but passengers are unhappy; here's why The development is part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme, with the Ministry of Railways allocating ₹20 crore and ₹16 crore for the development of the Darshan Nagar and Bharat Kund Railway Stations stations, stated Faizabad Member of Parliament Lallu Singh. The renovation project includes about two dozen railway stations across the country under the AMRUT Scheme.