- Business
- November 19, 2024
PSU Stocks To Give 30% Annual Dividend Of PAT To Shareholders
The Central Public Sector Enterprises as a way of ensuring consistent returns for shareholders and better financial flexibility will now give a minimum annual dividend of 30% of their profit after tax (PAT) or 4% of their net worth. The Department of Investment and Public Asset Management (DIPAM) released an updated framework through a memorandum introducing key measures for dividends, share buybacks and…
- Business
- November 15, 2024
Trump 2.0: CLSA Reverses China Shift, Becomes 20% Overweight on India
New Delhi: Amid the recent exodus of Foreign Institutional Investors (FIIs) from Indian markets, brokerage firm CLSA has reversed its previous strategy, stating that it ‘reversed its tactical allocation in early October, returning to a benchmark on China and 20 percent overweight on India.’ CLSA, in its latest note, observed that ‘misfortune happens in threes’ and stated that India appears to be ‘among…
- Business
- November 14, 2024
Bitcoin at $93,000 – What 1 Bitcoin Can Buy You In India?
Bitcoin’s value briefly crossed $93,000 due to an expectation that interest rates would be further cut down by the Fed and Trump’s pro-crypto stance. Although Bitcoin rose nearly 6% to an all-time high of $93,462, the rise was not sustained as it dropped to $91,175 early on Thursday afternoon. Largely, however, the crypto market stays volatile. What Can 1 Bitcoin Buy You In…
- Business
- November 14, 2024
Reliance, Disney, and Viacom18 Finalize ₹70,352-Crore Media Merger, Nita Ambani Appointed Chair
New Delhi: Reliance Industries Limited (RIL) has successfully completed its joint venture (JV) with The Walt Disney Company. The merger of the media and JioCinema businesses of Viacom18 into Star India Private Limited (SIPL) was approved by regulatory authorities, including the National Company Law Tribunal (NCLT) Mumbai and the Competition Commission of India. Following the merger, Nita M. Ambani has been appointed as…
- Business
- November 14, 2024
Bad News! 17,000 Boeing Employees Face Layoffs in Sweeping Job Cuts: Reports
New Delhi: Boeing Co. is set to begin notifying employees on Wednesday as it proceeds with planned job cuts aimed at increasing efficiency, reported Bloomberg. This move represents a delicate balancing act for the company, which needs to streamline its workforce without losing the skilled talent essential for boosting production levels in the future. The company announced last month that it would be…
- Business
- November 13, 2024
UK Businesses Drive Growth in India, Generating Over Rs 5,000 Bn Revenue: Report
New Delhi: UK businesses are playing a significant role in India’s economic development, with 667 UK-owned companies contributing Rs 5,082 billion in revenue and employing over 523,000 people, according to the latest Britain Meets India 2024 report, released by Grant Thornton Bharat in collaboration with the Confederation of Indian Industry (CII). The report showcases the expanding footprint of UK companies in India. It…
- Business
- November 12, 2024
IES 2024: Wanted To Build Something For Every Indian At PhonePe – Sameer Nigam | The PhonePe Story
India Economic Summit: At the fourth distinguished edition of Republic Media Network’s India Economic Summit , PhonePe Chief Executive Officer Sameer Nigam spoke at length about the journey of the company and shared its success story at Republic Media Headquarters. He emphasised repeatedly on the fact that he wanted to build something for every Indian. He highlighted that the idea was that he…
- Business
- November 12, 2024
Public Sector Banks Records Strong Performance in 1st Half of FY25: Ministry of Finance
Mumbai: The Public Sector Banks (PSBs) reported a strong performance in the first half of the financial year 2024-25, with aggregate business standing at Rs 236.04 lakh crore, showing 11 per cent Year on Year (YoY) growth, the Ministry of Finance said on Tuesday. Public Sector Banks Record High Performance As per the ministry, the global credit and deposit portfolio of PSBs grew…
- Business
- November 12, 2024
Putting Money In Stocks Will Create More Jobs: NSE’s Ashish Chauhan At India Economic Summit 2024
Ashish Chauhan, MD & CEO of the National Stock Exchange ( NSE ) on Tuesday said that only 30 out of 19,300 pin codes in India do not have an NSE -registered investor. Speaking at the India Economic Summit 2024 at the Republic Media Network Headquarters, Ashish Chauhan said that the government’s initiatives have helped more investors to join the India growth story. “Today India has 10.5…
- Business
- November 11, 2024
DFS Secretary Directs Banks to Update KYC for PM Jan Dhan Accounts
New Delhi: On Monday, Financial Services Secretary M Nagaraju instructed banks to conduct fresh KYC (Know Your Customer) procedures for Jan Dhan accounts that are due for updation. Launched in 2014, the PMJDY saw the opening of around 10.5 crore accounts in mission mode between August and December 2014. After 10 years, these accounts are now due for periodic updation or re-KYC. Nagaraju…
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