Despite the challenges, India’s industrial production maintained a steady pace, decelerating to 4.9 percent in March this year. The mining sector, in particular, faced some headwinds, leading to this moderation, as per the official data unveiled on Friday. However, it’s worth noting that in February 2024, the Index of Industrial Production (IIP) had registered a…
On Friday, the Reserve Bank of India (RBI) announced that 15 Non-Banking Financial Companies (NBFCs), including Tata Capital Financial Services and Revolving Investments, have relinquished their registration certificates. This decision was made due to various reasons, which we will delve into in the following sections. The sector’s dynamics have seen a significant shift as nine…
Gold prices in India surged on May 10, 2024, coinciding with the auspicious occasion of Akshaya Tritiya 2024, amidst heightened demand in the spot market. The cost for 10 grams remained steadfast, hovering near Rs 73,090. A comprehensive market analysis revealed that the average price for 10 grams of 24-carat gold approximated Rs 73,090, while…
Bollywood producer and director Karan Johar sparked intense curiosity when he dropped the names of Aishwarya Rai Bachchan and Katrina Kaif in a viral video, placing Salman Khan in a spotlight of intrigue. Salman, who has a romantic history with both actresses, had a public relationship with Aishwarya and was rumored to be involved with…
The Allahabad High Court recently scrutinized an interfaith couple’s plea to validate their live-in relationship. The court observed that the man, who is Muslim, was already married and had a five-year-old child with his lawful wife. The judges, Justices Attau Rahman Masoodi and Ajai Kumar Srivastava demonstrated their impartiality by stating, “The religious beliefs of…
Navneet Rana, the fiery leader of the Bharatiya Janata Party, who made headlines in 2022 with the Hanuman Chalisa controversy, has launched a scathing attack on the Owaisi brothers in Telangana. She asserted that if somebody withdrew the police from duty for 15 seconds, both brothers would be bewildered about their whereabouts. During a public…
The Supreme Court, in a significant ruling, has declared that interest-free or concessional loans provided by banks to their employees are to be considered as ‘fringe benefits’ and are therefore subject to taxation. This ruling, while ensuring fairness in taxation, also aims to prevent unnecessary litigation and provide clarity in taxation regulations. In a report by…
On Thursday, IT company Happiest Minds Technologies announced that its wholly-owned American subsidiary, Happiest Minds Inc., has finalized an agreement to acquire a 100% stake in US-based Aureus Tech Systems LLC. As per regulatory filing, the acquisition is valued at an upfront cash consideration of USD 8.5 million (approximately Rs 71 crore), with additional earn-outs…
Today’s gold prices saw a slight decrease. The cost of 24-carat gold is now Rs.7329.3 per gram, down by Rs.525.0. Similarly, 22-carat gold is now priced at Rs.6713.6 per gram, down by Rs.481.0. The price of 24-carat gold has remained unchanged over the past week, while it decreased by 0.86% last month. Silver prices have…
Anticipation is high for Nitesh Tiwari‘s unique take on Ramayan, a film that will see Ranbir Kapoor and Sai Pallavi stepping into the iconic roles of Ram and Sita. Meanwhile, the silver screen is set to welcome influencer Anjali Arora, who will make her debut as Sita in Abhishek Singh’s directorial Shri Ramayan Katha. Both…
