WhatsApp Chats Reveal Rs 200 Cr Unaccounted Money: FM Sitharaman

The Union Minister of Finance, Nirmala Sitharaman , while defending the new Income Tax Bill in the Lok Sabha said that WhatsApp messages helped reveal Rs 200 crore in unaccounted money which was linked to crypto assets.How Was The Unaccounted Money Found?The Finance Minister whi Read More

Ola Electric Settles Disputes With Subsidiary Rosmerta Group- Details

Ola Electric Technologies Private Limited, a part of Ola Electric Mobility Limited, announced that it has settled its financial disagreements with the Rosmerta Group, according to a regulatory filing. This settlement is part of Ola Electric’s ongoing efforts to streamline its ope Read More

India’s GDP Could Decline In FY 2026 – S&P Report

S&P Global Ratings forecasts a possible decline in India’s GDP expansion for the upcoming fiscal year (2026). The rating firm has pegged the growth rate at 6.5 percent, down from its earlier prediction of 6.7 percent for fiscal year 2026.”India’s GDP will grow 6.5 percent in the Read More

IPO-Bound Della Group To Establish 1000 Luxury Residences Across Key Cities

New Delhi: Jimmy Mistry, the entrepreneur behind the Mumbai-based real estate firm Della Group, is planning to expand his business footprint with the establishment of 1,000 luxury residences across key cities in India. The company is also planning a pre-IPO launch by 2025-26 and Read More

No End to Job Cuts: IBM to Slash 9,000 Roles, Boeing Lays Off 180, Claim Reports

New Delhi: IBM (International Business Machines), widely known as ‘Big Blue’, is reportedly cutting jobs across various locations in the United States as part of an ongoing workforce reduction effort, said reports. The tech industry has seen a wave of layoffs this year, affecting Read More

New Sebi Chief Pandey’s First Board Meeting: Key Decisions And Changes

Tuhin Kanta Pandey, the former Finance Secretary has moved on to become the new chairperson of the Securities and Exchange Board of India (Sebi) in March this year.Pandey also held his first board meeting on Monday as the new Sebi chief.What Are The Key Decisions & Changes Sebi M Read More

Ajay Seth Appointed As India’s New Finance Secretary

Ajay Seth, a senior bureaucrat, has  been appointed as India’s new Finance Secretary on Monday, according to an official order released by the Personnel Ministry. Seth, a 1987-batch Indian Administrative Service (IAS) officer from the Karnataka cadre, has been serving as the Secr Read More

RBI’s $10 Billion Forex Swap Oversubscribed More Than 2x, Cutoff Rate Set At Rs 5.86

The Reserve Bank of India (RBI) held an auction on Monday to boost rupee liquidity and the 3-year dollar/rupee buy-sell swap auction was oversubscribed by a little over two times, with the cutoff rate set at Rs 5.86.What Will The Reserve Bank Do With This Swap?As part of the swap Read More

Centre Announces 24% Hike For Salaries, Pensions Of MPs

The government of India has made an announcement notifying a 24% hike in the salaries, allowances, and pensions of Members of Parliament (MPs) and former MPs, starting from April 1, 2023.The All India Radio News in a post on X informed that the monthly salary of MPs has been revi Read More

Relief At Last As Russian Oil To Start Flowing Again- Details

It is likely that fewer tenders will be issued for spot crude in the coming months by Indian refiners as volumes from top supplier Russia have returned to near normal levels, emphasising on the success of the trade in working around US sanctions.Where Does Indian Oil Sector Stand Read More