EPFO Adds 15.48 Lakh Net Members in Feb 2024
Aditya Raj Das Employees’ Provident Fund Organisation, EPFO has added 15.48 lakh net members in February 2024. EPFO’s provisional payroll data released today indicates that around 7.78 lakh new members…
RBI Policy Committee Flags Inflation Concerns; March Retail Inflation at 10-Month Low
Aditya Raj Das Majority of Reserve Bank of India (RBI) monetary policy committee members expressed caution on upside risks to inflation, particularly emanating from uncertainties in food prices, at the…
FINAL TRADE APRIL 18: Indices continue to fall for fourth session; Nifty gives up 22,000, Sensex drops 455
Domestic equity benchmarks Nifty50 and Sensex fell on Thursday, April 18, extending the falling trend for the fourth session amid a broad-based sell-off led by financial shares. Both headline indices…
Key Asian Stocks end Higher, European Markets Trade Higher While US Stocks Fall
All key Asian stocks ended higher today. South Korea’s Kospi rose 1.90 per cent, Singapore’s Straits Times index jumped one percent and Hong Kong’s Hang Seng Index soared 0.80 per…
RBI imposes monetary penalty of ₹60.30 lakh on five co-operative banks
The Reserve Bank has imposed penalties totalling ₹60.3 lakh on five cooperative banks for contravention of various regulatory norms. A penalty of ₹43.30 lakh has been imposed on Rajkot Nagarik…
Excessive forex moves bad for global economy: G7
AMN / WEB DESK Finance heads from the Group of Seven countries on Wednesday reaffirmed their view that excessive movements in foreign exchange rates can have adverse effects on economic…
Govt Notifies Amended Rules Under Foreign Exchange Management Act to 100 Per Cent FDI for Space Sector
AMN The Government of India has notified amended rules under the Foreign Exchange Management Act to operationalise its decision to allow up to 100 per cent FDI for the space…
Asian Stocks Trade Mixed; Major European Markets Trade In Green
Key Asian stocks were trading mixed today. China’s Shanghai Composite Index gained 2.09 percent, Singapore’s Straits Times index added 0.31 percent and Hong Kong’s Hang Seng Index was marginally higher.…
Japan: Toshiba reportedly considering cutting about 4,000 workers
WEB DESK Japanese industrial giant Toshiba is reportedly considering cutting about 4,000 workers in the country, or around 6 percent of its workforce. Toshiba has been rebuilding itself since accepting…
Japan’s govt. to make law to punish IT giants that hinder market competition
AMN / WSEB DESK The Japanese government has decided to prepare a bill that fines tech giants that obstruct other companies from competing in the market. Firms such as Apple…