RBI appoints Neeraj Nigam as new Executive Director
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1y ago
‚Äč"Nigam has, over a span of more than three decades, served in Regulation and Supervision, Human Resource Management, Premises, Currency Management, Bank Accounts and other areas in the Reserve Bank, in its Central Office as well as Regional Offices," stated a press release ..read more
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Adani Group appoints Israel's former envoy to India Ron Malka as Chairman of Haifa Port Co
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1y ago
"I'm honoured and privileged to take office today as Executive Chairman of the Haifa Port Company, on behalf of @AdaniOnline. The experience and expertise of Adani and Gadot, combined with the dedication of the port workers, will take Haifa Port to new heights of prosperity," Malka tweeted on Sunday ..read more
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India Inc reactivates Covid protocols as cases rise in India
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1y ago
Indian companies are introducing stricter measures after a rise in Covid-19 cases in the country. Measures include work-from-home policies, regular testing and temperature checks, and mask mandates. Companies such as Jindal Steel and Power are advising employees on Covid-appropriate behaviours and organising regular testing at corporate offices ..read more
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FMCG volume growth likely to stay subdued in January-March
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1y ago
Prices of most commodities have not declined at the expected rate, and while some have moderated, others have not. Palm oil prices are down by 51% over last year in March directly benefiting soaps makers, but prices of wheat have surged 20%. Hence, while companies with higher exposure to palm oil such as Godrej Consumer Products are expected to benefit more, packaged foods makers could see continued impact, analysts said ..read more
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Was PPF interest rate hiked for Apr-June 2023 quarter? Latest Public Provident Fund rate
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1y ago
For the quarter from April to June 2023, the government has increased interest rates on a number of small savings schemes by up to 70 basis points ..read more
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New income tax slab rates for FY 2023-24 (AY 2024-25) in India - Budget 2023
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1y ago
Income tax slab FY 2023-24: Here are the income tax slabs for FY 2023-24 under new and old tax regime. Currently, there are two income tax regimes from which a salaried individual has to choose one every year. The old income tax regime continues with existing tax exemptions and deductions. The new income tax regime offers lower income tax rates and more slabs with no option of availing tax exemptions and deductions ..read more
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Keep 25-30% in cash now, exhaust fixed income options: Ajay Srivastava
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1y ago
Experts suggest investors should maintain 25-30% cash in the bank and purchase government treasury bills or 10-year dated bonds which offer a better yield due to indexation benefits on tax. Private sectors are said to be better investments than public sector banks. Though the hospitality sector and metal industry are suggested, the election year and government actions to control inflation cap returns, making modest returns possible in the short term with higher gains possible after some years ..read more
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Icra revises domestic steel demand outlook to 8 pc for FY24
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1y ago
"With the central government's capex outlay in FY2024, Icra has revised upwards its steel consumption growth estimate for FY2024 to 7-8 per cent from 6-7 per cent," it said in a report. In 2023-24, the capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP ..read more
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Deloitte in India will add more than 50,000 people in 3-5 years: CEO
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1y ago
The overall organisation had about 5,000 people when I took over in 2015, and now we have almost 24,000. In the next 3-5 years, Deloitte in India will add more than 50,000 people ..read more
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Accenture to lay off 19,000 employees, trims forecasts: report
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1y ago
Accenture on Thursday lowered its annual revenue and profit forecasts and said it would lay off 2.5% of workforce, or 19,000 employees ..read more
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