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The rupee closed at 83.3150 against the U.S. dollar, barely changed from its close of 83.3225 in the previous session.

Sweden has officially become a member of NATO, the North Atlantic Treaty Organization, amid rising tensions with Russia. This move comes as part of NATO's efforts to bolster its defences in the wake of Russia's invasion of Ukraine. The addition of Sweden and Finland, which joined earlier, marks the alliance's largest expansion since the 1990s. NATO's Purpose and Membership NATO was established in 1949 to counter Soviet expansion and maintain peace in Europe. It has since grown to include 32 member countries, including the UK, US, Canada, France, Germany, Italy, Spain, and Turkey. Following the Soviet Union's collapse, many Eastern European countries joined, and now, Sweden and Finland have joined the alliance, contributing nearly 300,000 troops.

enforcement agencies have seized drugs, unaccounted cash, liquor and valuables worth Rs 321.51 crore in Punjab since the model code of conduct came into force last month for the Lok Sabha polls. Amritsar district topped the list with seizures worth Rs 60.3 crore. Punjab Chief Electoral Officer (CEO) Sibin C said drugs worth Rs 287.23 crore, unaccounted cash worth Rs 6.89 crore, liquor (22.8 lakh litres) valued at Rs 14.93 crore, precious metals and other items amounting to Rs 12.46 crore were seized. The model code of conduct came into force on March 16.

₹300 crore in FY23. Considering the growth and future potential, there is considerable inbound investor interest." Emailed queries to a company spokesperson, as well as Avendus Capital, did not elicit any response till press time. Founded in 2017 by Rajat Verma, Lohum has secured around $63 million in equity funding, and counts Baring Private Equity, Cactus Venture Partners, Venture East and Stride Ventures as its investors.

Mridula Katheria, the wife of Bharatiya Janata Party (BJP) Etawah MP Ram Shankar Katheria, has filed nomination papers as an Independent candidate for the Etawah Lok Sabha seat, just four days after her husband filed his nomination from the same seat.

The Indian equity indices on Thursday recovered from intra-day lows after a weak start. Sensex advanced 486 points or 0.66% to close the day’s trading at 74,339.44. The Nifty 50 closed 167.95 points or 0.75% higher after a volatile session at 22,570.35. The gainers included Axis Bank, SBI, Dr Reddy’s Lab, JSW Steel, and Nestle India. The Indian Volatility Index (India VIX) was up 4.38%. 

Also read: India Should Clear the Air on a Killing in Canada Prime Minister Narendra Modi had during September 2023 expressed concern over anti-India activities and Khalistan extremism in Canada in a meeting with his Canadian counterpart Justin Trudeau on the sidelines of the G20 Summit. A few weeks later, Trudeau told Canada's House of Commons that the Indian government may have been involved in the killing of Hardeep Singh Nijjar, a Canadian citizen and a prominent figure in the pro-Khalistan movement.

Uday Kotak built his Kotak Mahindra Bank Ltd. over decades to become Asia’s richest banker. After India’s regulator slapped his bank with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth. The lender’s shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.

Amroha is set to vote on April 26, 2024, in the second phase with results being announced on June 4, 2024, as per the ECI schedule. Congress has fielded Danish Ali from Amroha. Meanwhile, Ramesh Bidhuri was dropped by the BJP and the ticket for that constituency was given to Ramvir Singh Bidhuri. Uttar Pradesh holds a crucial position in Indian politics, with its 80 parliamentarians in the Lok Sabha making it the most influential state electorally. As the political fervor escalates, Uttar Pradesh braces for a three-cornered battle in eight Lok Sabha constituencies set to undergo polling in the second phase on Friday. Last week witnessed the commencement of the staggered elections, with the first phase witnessing a voter turnout of approximately 65.5 per cent across 21 states and Union territories.

WASHINGTON—U.S. troops plan to start assembling a floating pier off the coast of northern Gaza as early as this weekend, American defense officials said, part of an effort by the Biden administration to get more aid into the besieged enclave ahead of Israel’s planned invasion of the city of Rafah. But US officials warned that they didn’t expect the pier to supplant deliveries across Gaza’s land borders, which the United Nations has said is the most efficient way to get humanitarian aid into the strip.

Having no CIBIL score, or a credit file with limited credit history, can lead to a number of consequences. Banks usually subject applicants with no credit history to additional layer of scrutiny. Alternatively, they can even ask for additional documentation to evaluate their creditworthiness. This tends to make the application process lengthier and cumbersome.

Attingal constituency is set to take place on April 26, 2024. The Election Commission of India had released the final schedule for the voting and result announcement in March. Voting for the Attingal Lok Sabha seat is scheduled for April 26, 2024, during Phase 2 of the elections. The results will be declared on June 4, 2024.

Stock market today: After the gapdown opening in the early morning session on Thursday, the Indian stock market witnessed a strong rebound after intensified buying in the PSU segment. Shares of State Bank of India (SBI) also witnessed buying interest among Dalal Street bulls.

In a big setback for Kotak Mahindra Bank, the Reserve Bank of India (RBI) has restricted the private sector bank from onboarding new customers through digital channels and issuing fresh credit cards, according to a press release issued by the apex bank on Wednesday.

A home is usually the most prized possession in one’s lifetime. However, neglecting critical aspects during a property purchase can lead to costly repercussions. In the vibrant real estate market, two main categories of property dominate: under construction and ready for occupancy. While a ready-to-move property offers immediate utility or rental income, buyers must be vigilant about several key factors when considering such investments.

Also Read: 4 key reasons why clearing your credit card debt improves your CIBIL score The survey also revealed that approximately half of the respondents report monthly expenditures ranging between ₹25,000 to 75,000, showcasing the diverse spending patterns among Indian consumers. Moreover, nearly 60% of respondents prioritise rewards when choosing a new credit or debit card.

Automated finances: By setting up automatic transfers from your checking to savings or investment accounts, you ensure that a portion of your income is systematically allocated to your financial goals before any discretionary spending occurs. This method not only helps in building savings effortlessly but also reinforces the discipline required to maintain financial stability. Automation is especially beneficial in cultivating consistent saving habits that contribute to the accumulation of wealth, essential for long-term financial security as outlined in the journey toward financial independence.

Know Your Customer (KYC) documents These documents assist the lender in verifying your identity and address. Common KYC documents include: This aids the lender in evaluating your repayment capacity.

If you’re an employment law wonk, the big news this week is that the Federal Trade Commission has decided to ban the use of non-compete agreements. In doing so, it says it will increase worker earnings by more than $488bn over the next decade.  The ban won’t affect existing agreements signed by “senior executives”, but no new non-competes are to be allowed, and any currently outstanding non-competes with employees earning less than $150k are null and void.  Unsurprisingly, employers are not pleased; lawsuits have already been filed challenging their power to do this.

₹1,451 crore in the quarter. Ebitda margin came in at 3.9%, down more than 100 basis points yoy but up 20 basis points sequentially. However, uncertainty around the path to profitability for its B2B express business has clouded the company’s medium-term outlook and continues to be a drag on overall profitability.

Morgan Stanley, one of the leading financial institutions, is reportedly exploring the possibility of expanding its sales of Bitcoin exchange-traded funds (ETFs) by allowing its approximately 15,000 brokers to actively recommend these products to customers.