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RBI directs banks to implement beneficiary name look-up for RTGS, NEFT tra
Updated : 1 year, 2 months ago IST
The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up facility to customers for fund Transfers by April 1, 2025.
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India's CAD projected at 1 pc of GDP for FY2025: CRISIL Report
Updated : 1 year, 2 months ago IST
India's current account deficit (CAD) remained largely stable at USD 11.2 billion, or 1.2 per cent of GDP, in the second quarter (Q2) of fiscal 2025, compared with USD 11.3 billion (1.3 per cent of GDP) in the same period last year.
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Pakistan Peoples Party to oppose Tax Amendment Bill
Updated : 1 year, 2 months ago IST
Pakistan People's Party's Member of National Assembly Mirza Ikhtiar Baig on Monday (local time) said that his party will oppose propsed Tax Amendment Bill which aim to freeze the bank account of non-filers.
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CITI calls for strategic schemes to propel Indian textile & apparel ex
Updated : 1 year, 2 months ago IST
CITI Chairman Rakesh Mehra highlighted the significance of the US market, and said, "USA accounts for about 27 per cent of India's T&A exports. During the last 5 years, India's exports to USA have increased at a CAGR of about 3.3 per cent. It would require our exports to grow at a CAGR o
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"All I wanted was to live": Gal Gadot opens up about emergency surgery for
Updated : 1 year, 2 months ago IST
In a heartfelt revelation, Gal Gadot has shared a deeply personal account of her battle with a life-threatening health emergency during her recent pregnancy.
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India's CAD likely to stay at 1.1 per cent of GDP in FY25: ICICI bank repo
Updated : 1 year, 2 months ago IST
India's Current Account Deficit (CAD) is expected to remain at 1.1 per cent of the Gross Domestic Product (GDP) in the financial year 2024-25 (FY25), according to a report by ICICI Bank.
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Assam: Final electoral rolls for panchayat election, 2025 published
Updated : 1 year, 2 months ago IST
The Assam State Election Commission has officially published the final Electoral Rolls for the upcoming Panchayat Election in 2025 after taking into account the effect of fresh delimitation of Gaon Panchayat, Anchalik Panchayat, and Zilla Parishad constituencies by the Government of Assam in
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FIIs accounted for 88% of private equity investments in Indian real estate
Updated : 1 year, 2 months ago IST
According to the latest data by Savills India, a global property consulting firm, foreign institutional investors accounted for 88 per cent of the total investment activity in 2024, reinforcing their dominant role in driving growth in the sector.
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If FPIs outflows remain constant, India's BoP will be neutral for FY25: Re
Updated : 1 year, 2 months ago IST
India's current account deficit (CAD) widened slightly to USD 11.2bn (1.2% of GDP) in Q2 from USD 10.2bn (1.1% of GDP) in the previous quarter. However, there was a Balance of Payments (BoP) surplus of USD 23.8 billion was there in the first half (H1).
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India's electronics sector eyes major growth, with 12 million jobs project
Updated : 1 year, 2 months ago IST
Achieving this goal will require the sector to expand fivefold in the next five years, addressing a USD 400 billion production gap. Presently, the industry's domestic production stands at USD 101 billion, with mobile phones accounting for 43 per cent of this output.
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India's CAD likely to exceed 2 pc of GDP in Q3 FY25 amid gold import surge
Updated : 1 year, 2 months ago IST
Resilient services exports and remittance inflows are likely to cushion the overall impact, keeping the CAD for FY25 within a manageable range of 1.2 per cent-1.5 per cent of GDP.
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Incremental investment in cement sector will come only when profitability
Updated : 1 year, 2 months ago IST
Illustrating current margins, the report outlines an example where the industry achieves an EBITDA of Rs800 per ton. After adjusting for 80 per cent capacity utilisation and accounting for depreciation, the post-tax ROCE stands at a mere 3 per cent. For incremental investments, the report hi
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