Inclusion Financial News

“My Phone" search icon within the Windows Share interface. This new functionality enables users to effortlessly transfer content from their Windows PC directly to their Android devices.

ICICI Bank also offers PayLater option which is a pre-approved Credit Line on UPI. With the help of this product, people and companies can obtain bank credit lines that have already been approved. It makes low-cost, high-volume retail loans easier to get, which promotes financial inclusion and economic growth. Now customers can scan to use their credit on UPI with ICICI Bank mobile app’s PayLater option. 3 new Rupay credit card rules: Now apply for EMIs, pay credit card bill, increase limit via UPI app; check details

India-Middle East-Europe Economic Corridor (IMEC) in the G7 Summit Communique issued at the end of the three-day G7 Summit, attended by Prime Minister Narendra Modi. The Communique was issued on Friday evening after the customary «family photo» at the luxury resort of Borgo Egnazia, where the G7 also reiterated a commitment to a «free and open Indo-Pacific» based on the rule of law. Prime Minister Modi attended the G7 Summit at the invitation of Italian Prime Minister Giorgia Meloni, the host. «We will further promote concrete G7 PGII (Partnership for Global Infrastructure and Investment) initiatives, flagship projects, and complementary initiatives to develop transformative economic corridors for quality infrastructure and investment, such as the deepening of our coordination and financing for the Lobito Corridor, the Luzon Corridor, the Middle Corridor, and the India-Middle East-Europe Economic Corridor, also building on the EU Global Gateway, the Great Green Wall Initiative, and the Mattei Plan for Africa launched by Italy,» reads the communique.

foreign exchange reserves touched a fresh high of $655.8 billion for the second consecutive time in the week ended 7th June, central bank data showed. The total reserves rose by $4.3 billion and were primarily driven by foreign currency assets which rose $3.7 billion to $576.3 billion. The last record high was just a week ago when the reserves touched $651.5 billion. The rise in the foreign exchange reserves was likely driven by the RBI’s dollar purchases after the rupee appreciated last week.

10-year benchmark sovereign bond yield retreated below 7% on lower than expected domestic and US inflation prints, although calling the formal start to an easing cycle is rather difficult still after last week's Mint Road assertion that domestic conditions largely would dictate its monetary policy approach. Yield on the 10-year securities retreated to 6.98% Thursday after India's retail inflation eased to a one-year low of 4.75% in May, as against an 11-month low of 4.83% the previous month.

LIC stock available at a discount. So why are'nt investors piling in?"LIC is too big an issue for the government to keep selling.

By Allan Lanthier

One area that has sparked a lot of questions since budget day about the proposed increase in the capital gains inclusion rate is how capital losses will be treated, particularly this year when two separate rates will apply.

Reasons to BuyReasons to AvoidDaikin's 1.5 Ton 5 Star Inverter Split AC (MTKL50UV16W) is a reliable performer known for its energy efficiency and quiet operation. The inverter technology ensures consistent cooling while consuming less power, contributing to long-term savings on electricity bills.

Elon Musk bought Twitter for $44 billion in 2022, he sent in loyalists, including ex-boring company exec Steve Davis and cousin James Musk, to “examine whether existing employees were value for money," according to a report by The Telegraph. He soon slashed 6,000 workers or 80 per cent of then-Twitter, now X, in a move that shocked the industry.The report added that employees were reportedly asked to justify their roles and state which colleagues should be retained.

If you are one of those looking for a home under the Pradhan Mantri Awas Yojana (PMAY), then there is good news for you. The Modi government has approved the proposal to provide 3 crore additional rural and urban houses under PMAY.

India's first-world digital infrastructure and financial inclusion, which has brought access to digital banking, payments, health, and credit services to almost 500 million people, are widely acknowledged. However, this technological progress has also led to a new threat: cyber fraud. India now ranks among the largest victims and perpetrators of cyber fraud worldwide.

Conservative Leader Pierre Poilievre said he will vote against the government’s proposal to raise the capital gains tax inclusion rate, ending weeks of speculation about where he would land on the issue.

In a blaze of rhetoric that partisan politicians and their followers would be proud of, Finance Minister Chrystia Freeland finally released some of the legislative details about the proposed change to the capital gains inclusion rate from the current 50 per cent to two-thirds for corporations and most trusts as well as for individuals who have more than $250,000 of annual capital gains.

The House of Commons voted Tuesday to approve the Liberal government’scapital gains tax changes despite the Conservatives opposing the measure.

Trent Ltd and Bharat Electronics Ltd (BEL) to join the Nifty50 index in this rebalancing exercise. If included, Trent Ltd and BEL could see expected inflows of $412 million and $392 million, respectively.Also read: FMCG stocks: Steady monsoon, social welfare thrust likely to aid growth, says Anand Rathi; lists top picksNSE Indices rebalancing announcement is scheduled in the month of August, effective from September 30.The brokerage firm said in its report, "For the September rebalancing, the index provider assumes an average free float market cap between the period February 1 to July 31.

European Central Bank (ECB) President Christine Lagarde has hinted that a digital euro could be available to Europeans before her term ends in 2027. Still, she acknowledged achieving this would require a faster-than-anticipated rollout.

Nirmala Sitharaman, in her second term as finance minister, hit the ground running on Monday. Instead of one, she released two tax devolution instalments — totalling ₹1,39,751 crore — to 28 states, for bolstering their development and capital spending. The minister earlier reviewed the economic and fiscal situation of states with finance secretary TV Somanathan and economic affairs secretary Ajay Seth, soon after the first meeting of the newly formed Cabinet on Monday evening.

India on Monday wholeheartedly welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives attended for the first time a key meeting of the grouping hosted by Russia. Senior diplomat Dammu Ravi led the Indian delegation at the BRICS Foreign Ministers' Meeting in Nizhny Novgorod, in western Russia.

From ₹3.8 to 21.68: This multibagger penny stock soared 470% in over 2 months; check hereThe markets regulator also said that it will not freeze mutual fund portfolios and demat accounts of investors who haven't submitted nominations.This decision, applicable to existing investors and unitholders, stems from feedback from market participants, emphasizing the importance of compliance ease and investor convenience. According to Sebi's circular, investors possessing securities in physical form will still be entitled to receive dividends, interest payments, or redemption payments, as well as to lodge grievances.The decision - for existing investors and unitholders - has been taken based on representations from the market participants, citing need for ease of compliance and investor convenience.

Indian Navy Ship (INS), deployed for maritime surveillance, swung into action and swiftly responded to the distress call by fishing vessel INFAN DHAS, that requested assistance following engine failure.