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PM Modi at NDA CMs' meet: 'Our alliance is committed to...'

The Prime Minister made the remarks after chairing a meeting of NDA chief ministers and deputy CMs, following the swearing-in ceremony of Haryana CM Nayab Singh Saini and his ministerial colleagues.

Moneycontrol - Responsible AI
17 Oct 2024

Direct Tax-to-GDP ratio reaches record high of 6.64% in FY24; Collections surge 182% in 10 years

The data revealed that over the past 10 years, corporate tax collections have more than doubled, growing from Rs 4.29 lakh crore in FY15 to over Rs 9.11 lakh crore in FY24.

Moneycontrol - Responsible AI
17 Oct 2024

Using AI to bring Parliament closer to people: Lok Sabha Speaker Om Birla

On the sidelines of the Assembly, Birla met Presiding Officers and delegates of several world Parliaments, including Nepal, Maldives, Armenia, Thailand

Moneycontrol - Responsible AI
17 Oct 2024

Diplomatic tensions: Is Canada the new Pakistan for India?

The issue of Canada allowing pro-separatist groups to operate freely on its soil has long been a point of friction between New Delhi and Ottawa.

Moneycontrol - Responsible AI
17 Oct 2024

Mixed bag for TCS, Infosys, HCLTech, Wipro in Q2: BFSI sees uptick, large deals contract

According to analysts, the US Federal Reserve’s interest rate cut impact may start baking into discretionary spending plans of customers only by Q4. The customers may also await the US election season to reevaluate plans and be more certain.

Moneycontrol - Responsible AI
17 Oct 2024

Axis Bank to review, evaluate RBI's draft norms on business and prudential regulation for investments

The draft proposal from the Reserve Bank of India released on October 4 said that only a single entity within a bank group can undertake a particular form of permissible business.

Moneycontrol - Responsible AI
17 Oct 2024

IRCTC Reservation Rules: Ahead of Diwali and Chhath, Indian Railways reduces time limit for reservation

Reservations made before November 1 will remain unaffected by the new guidelines for purchasing rail tickets in advance. All reservations made through October 31 will stand as is.

Moneycontrol - Responsible AI
17 Oct 2024

Transport, water supply and sanitation gain a higher share in states’ capex spending: NSE study

Share of transport in capital expenditure is likely to be 39 percent in FY25 compared with 30 percent a decade ago, according to NSE data on finances of 21 states

Moneycontrol - Responsible AI
17 Oct 2024

Govt to transport 1,600 MT of onions to Delhi via train for price stabilisation

Consumers Affairs Secretary Nidhi Khare said the train, called ‘Kanda Express’, is scheduled to arrive by October 20 in Delhi which would substantially increase the availability of onions to consumers during the festive season.

Moneycontrol - Responsible AI
17 Oct 2024

Tier 2 cities account for $100 billion in e-commerce market; challengers like Meesho stand to win

While the average order values (AOVs) are lower in Tier 2 cities when compared with metros, it is being offset by lower labour and logistics cost.

Moneycontrol - Responsible AI
17 Oct 2024

Yahya Sinwar dead? Israel says it may have killed Hamas leader who masterminded October 7 attack

A military statement said that during “operations in the Gaza Strip, three terrorists were eliminated”, and Israeli defence agencies “are checking the possibility that one of the terrorists was Yahya Sinwar.

Moneycontrol - Responsible AI
17 Oct 2024

Wipro ADR slides 4% post Q2 results on lower guidance for December quarter

For the December quarter, Wipro expects IT Services revenue to range between $2,607 million and $2,660 million, implying a sequential guidance of (-)2.0 percent to 0.0 percent in constant currency terms.

Moneycontrol - Responsible AI
17 Oct 2024

Infosys ADR falls nearly 4% on NYSE following Q2 results

Infosys registered a 2.3% increase in revenue in its BFSI unit in constant currency terms in the second quarter, its best growth in the segment in seven quarters.

Moneycontrol - Responsible AI
17 Oct 2024

Kotak Bank cuts savings rate by 50 bps to 3% on sub-Rs 5 lakh account balance

Earlier, Kotak Mahindra Bank offered two slabs for savings account interest rates, with 3.5% for balances below Rs 50 lakh and 4% for balances above Rs 50 lakh.

Moneycontrol - Responsible AI
17 Oct 2024

How the next US President could influence India-China relations

Trump has explicitly stated that the United States, if he were to become President, would impose 60% tariffs on Chinese imports into the country. He has also threatened India with higher tariffs.

Moneycontrol - Responsible AI
17 Oct 2024
Moneycontrol - Responsible AI
17 Oct 2024

US filings for jobless applications retreat back to recent ranges after big jump due to hurricanes

The Labor Department said that applications for jobless claims fell by by 19,000 to 241,000 for the week of October 12.

Moneycontrol - Responsible AI
17 Oct 2024

More sky marshals, crackdown on culprits: How India plans to counter bomb threats

Besides the Ministry of Civil Aviation, the Ministry of Home Affairs has also asked the Central Industrial Security Force, Bureau of Civil Aviation, National Investigation Agency and Intelligence Bure

Moneycontrol - Responsible AI
17 Oct 2024

Union Minister Kumaraswamy accuses Karnataka govt of spreading lies regarding HMT, KIOCL

I will write to Chief Minister Siddaramaih and Forest Minister Eshwar Khandre to convene a meeting where I will present my documents. If KIOCL is at fault, as the minister, I will take responsibility.

Moneycontrol - Responsible AI
17 Oct 2024

Micro Labs buys 3-acre plot in Bengaluru for Rs 111 cr, one of the city's most expensive deals

The seller in this deal has been identified as Anushka Constructions, with the agreement being registered on October 5. Micro Labs paid Rs 6.22 crore as stamp duty for the purchase, according to property registration documents

Moneycontrol - Responsible AI
17 Oct 2024

Why India has a long way to go before achieving the 2030 renewable capacity target

The task would require the government to add nearly 50 GW annually until 2030, almost thrice the annual capacity addition in the post Covid-19 period.

Moneycontrol - Responsible AI
17 Oct 2024

FIIs net sell shares worth Rs 4,980 crore, DIIs net buy shares worth Rs 7,421 crore

DIIs bought Rs 16,817 crore worth of shares and sold shares worth Rs 11,837 crore. Meanwhile, FIIs purchased Rs 9,721 crore in shares and offloaded equities worth Rs 17,143 crore during the trading session.

Moneycontrol - Responsible AI
17 Oct 2024
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