Security Financial News
11.01 / 07:15
11.01 / 07:15
Provident
Digital
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Features
UPI-PayNow Linkage: Major UPI apps enabled to receive remittances from Singapore; who can use
Unified Payments Interface (UPI) and PayNow cross-border connection makes it possible for Indians to receive instantaneous, safe, and affordable remittances from the Indian diaspora residing in Singapore straight into their bank accounts. This facility can be accessed by users of BHIM, PhonePe, and Paytm apps. Additionally, banks such as Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India provide this functionality through their respective apps, stated a press release issued by National Payments Corporation of India. All About Tax-Saving Which banks app are supporting the linkage According to the National Payments Corporation of India (NPCI) press release, “More Third-Party Application Providers (TPAPs) and bank apps such as Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, and UCO Bank are expected to be added to the linkage soon. This expansion will broaden the range of choices offered to customers.” Key benefits of receiving funds via UPI-PayNow:
11.01 / 07:15
UPS
Provident
Telegram
security
President
country
Ukraine's Zelenskyy says Russia can be stopped but Kyiv badly needs more air defense systems
Ukraine has shown the world that Russia's military can be stopped, President Volodymyr Zelenskyy said Wednesday as he began a visit to the Baltic nations in search of more help for his country against the Kremlin's larger and better-supplied forces in the 22-month-old invasion. Speaking in the Lithuanian capital of Vilnius, Zelenskyy said Ukraine still must bolster its air defenses against Russia's intensified missile and drone onslaughts and replenish its ammunition supplies as long-range strikes become the main feature of this winter's fighting. «We have proven that Russia can be stopped, that deterrence is possible,» he said after talks with Lithuanian President Gitanas Nauseda on his first foreign trip of the year. The massive Russian barrages — more than 500 drones and missiles were fired between Dec. 29 and Jan.
11.01 / 06:47
security
wellness
film
performer
stage
country
stars
Salaar Box Office collection Day 20: Prabhas starrer nears ₹400 crore mark. Will it beat Rajnikanth's Jailer?
Salaar: Part I Ceasefire has been running in cinemas for twenty days now. The movie has neared the ₹400 crore mark in box office collections, after performing well on its first 19 days at the box office. According to Sacnilk, Salaar: Cease Fire - Part 1 earned around 2.00 Cr India net on its twentieth day for all languages.
11.01 / 06:25
Aviat
Manufacturing
Airlines
security
Boeing
reports
Investigations
Investigation into why a panel blew off a Boeing Max 9 jet focuses on missing bolts
Federal regulators are extending the grounding of some Boeing jets after an Alaska Airlines plane lost a side panel last week
11.01 / 06:23
Target
security
WhatsApp
Food
wellness
reports
Vedanta's debt restructuring removes overhang, says Nuvama; upgrades stock to Buy, raises target
Vedanta parent company Vedanta Resources, according to a recent report from brokerage house Nuvama Institutional Equities, removes a significant overhang on Vedanta stock. Vedanta's target valuation should be increased, as supported by the debt restructuring.
11.01 / 06:23
11.01 / 06:23
markets
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Food
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Updates
Stocks to buy: Heritage Foods, Bank of India among top fundamental picks by HDFC Securities
Heritage Foods, Bank of India and Sharda Motor Industries. The brokerage believes investors can buy these stocks at current market price and add on dips for a time horizon two to three quarters. Also Read: Day trading guide for stock market today: Six stocks to buy or sell on Thursday — 11th January Heritage Foods has a strong balance sheet with low debt, improving margins and operating cash flows.
11.01 / 05:53
markets
UPS
Provident
Aware
security
stage
recommendations
Option
PPF taxation: Why the Public Provident Fund is a safe option to save tax; 5 things to know
tax saving many often turn to the Public Provident Fund (PPF). This is because of two key factors: the tax-free yearly interest and the annual compounding effect. The extended tenure of 15 years for PPF plays a significant role in amplifying the impact of compounding, particularly in the later stages of the investment period. Further, because the interest earned is backed by a sovereign guarantee, it makes it a safe investment option. It's essential to be aware that starting from the financial year 2020-21, individuals have the choice to opt for the old/existing tax regime, which includes various deductions and exemptions like those under sections 80C, 80D, 24, and more. Alternatively, they can opt for the new tax regime, which excludes these deductions and exemptions. If an individual chooses the new tax regime in the current financial year, they won't be eligible to claim commonly availed benefits such as deductions for investments in PPF, among others. Click here for FY 2023-24 tax-saving guide So, if you select the old or existing tax regime, here is how investing in PPF can help you save tax under section 80C of the Income-tax Act, 1961.
11.01 / 05:23
markets
UPS
Target
security
Yellow
Trade
Experts
2024
Gold Rate Today: Range-bound yellow metal extends losses to Rs 1,200/10 grams in 2024. What should traders do?
Taking cues from the international market, MCX February gold futures were trading in the green, around Rs 62,100 per 10 grams, up Rs 104 or 0.17% from Wednesday's closing price. Meanwhile, March Silver futures were trading at Rs 72,065 per kg, higher by Rs 96 or 0.13%. Track prices here Comex Gold futures were at $2,034 per troy ounce on Thursday, up $6.20 or 0.31% while silver futures were at $23.135, higher by $0.069 or 0.300%. The dollar index (DXY) was trading slightly lower at 102.25 against a basket of six top currencies, down 0.11%.
11.01 / 05:23
11.01 / 05:07
security
President
Celebrity
band
reports
Traffic
Republic Day: Rehearsals have begun ahead of the R-Day parade, holding up traffic. Watch
Republic Day Celebrations: Rehearsals for the grand Republic Day parade have begun near India Gate in central Delhi, weeks ahead of the national celebration, as per a PTI report. As rehearsals get into full swing, the report said traffic disruptions are expected near India Gate for more than four hours, as per alerts from the city police. In particular, the Delhi traffic police have urged the public to steer clear of Vijay Chowk and intersections around the landmark.
11.01 / 05:07
markets
UPS
security
show
reports
Pharmaceuticals
Pharma index in focus, up 3.45% YTD: Indian Pharma Market growth catches pace in December
Also read- Polycab India share price cracks 20% to hit lower circuit on reports of I-T raid The domestic pharma market has grown at a better pace of 9.2% year on year in December 2023, after a poor show of just 2.9% year-on-year growth in November 2023, said analysts at Elara Securities India private Ltd referring to data by Pharmatrac, a pharmaceuticals market research company. The Chronic segment of drugs continue to drive the growth in the Indian pharma market. The acute segment of drugs had seen tepid growth in November too, which is attributed to the seasonal factors.
11.01 / 05:07
markets
MET
security
MSCI
country
International
China will make foreign investment easier, vice premier tells foreign executives
BEIJING — Chinese Vice Premier He Lifeng met with global financial executives Wednesday and pledged to make it easier for foreign institutions to invest in the country, state media said.
11.01 / 04:55
11.01 / 04:41
markets
IPO
Booking
Manufacturing
security
Trade
band
NOT
Jyoti CNC Automation IPO Day 3: GMP, subscription status, other details. Apply or not?
Jyoti CNC Automation IPO: The initial public offering (IPO) of Jyoti CNC Automation Limited opened for subscription on 9th January 2023 and it is going to close on 11th January 2023 i.e. on today evening. Hence, investors have just one day in hand to apply for the public issue.
11.01 / 04:41
security
Election
wellness
Trade
country
voice
rights
Who is in charge of Europe?
eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.
11.01 / 04:23
Digital
Progressive
security
Mobile
Courts
Number of Chinese CBDC-related Criminal Cases on the Rise
China’s rapid CBDC progress is causing a rise in digital yuan-related criminal cases, including suspected fraud, identity theft, and phishing.
11.01 / 04:19
11.01 / 04:19
markets
Manufacturing
security
economy
Highways
wellness
hospital
Which sectors to be biggest contributors in the next leg of growth? Kunj Bansal explains
Kunj Bansal, NISM, says “the benefit of investment into the core areas, into the infrastructure, into highway, into manufacturing will get passed on in terms of increased standards of living, higher earning standard of people, higher earnings, increased disposable income and things like that which will result into increased consumption.” If we have to become the third largest economy, which are the sectors that will be the biggest contributors in the next leg of growth? Kunj Bansal: For any economy to grow sustainably over a period of time, investments are very critical into the infrastructure areas, capital goods and manufacturing. Of course, these will be the critical areas where a lot of investments will have to go in. The derived impact of these automatically comes from the consumption areas. So the benefit of investment into the core areas, into the infrastructure, into highway, into manufacturing will get passed on in terms of increased standards of living, higher earning standard of people, higher earnings, increased disposable income and things like that which will result into increased consumption. So that obviously will give a boost subsequently to consumer durables, consumer goods, textiles, passenger vehicles, two wheelers and things like that. Having said that, let us also not forget that India, while the contribution to the GDP from agriculture is third in terms of ranking, we have highest from service then from manufacturing and from agriculture around 20%.
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