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PSB Privatisation Bill May Allow Privatisation of State-Run Banks

PSB Privatisation Bill May Allow Privatisation of State-Run Banks

The government will likely introduce a bill in the upcoming monsoon session of Parliament to make amendments to facilitate the privatisation of state-run banks. One of the amendments under consideration is allowing the central government a...

Record $82 billion dealmaking spree sees India defy global slump, states Bloomberg Report

Record $82 billion dealmaking spree sees India defy global slump, states Bloomberg Report

Bankers in India have recorded their best-ever quarter for mergers as well as acquisitions while dealmaking elsewhere slows to a crawl. India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on...

Should You Look At Availing Family Office Services To Manage Your Wealth?

Should You Look At Availing Family Office Services To Manage Your Wealth?

As a member of a wealthy family, an idea of creating a family office might have come to your mind. And, it’s pretty natural as well. After all, with it, you can manage your wealth without making too much of an investment or something as...

payment council of India (PCI) Approaches Government for RBI's Fintech Order

payment council of India (PCI) Approaches Government for RBI's Fintech Order

The payment council of India (PCI) and several other fintech firms have approached government in order to step in to resolve the fallout from a recent directive by the Reserve Bank of India (RBI) that barred payment companies from...

G7 To Raise 600 Billion USD To Counter China's Belt And Road

G7 To Raise 600 Billion USD To Counter China's Belt And Road

Group of Seven leaders pledged to raise $600 billion when it comes to private and public funds over five years in order to finance needed infrastructure in developing countries and counter China's older, multitrillion-dollar Belt and Road...

Change in take-home salary and 4-day work week: Things to expect from July 1

Change in take-home salary and 4-day work week: Things to expect from July 1

From in-hand salary all the way to working hours, several aspects when it comes to employment and work culture as a whole are expected to change from July 1 if the new labour codes are implemented. Here are the expected changes under the new...

PM Modi meets Foxconn chief Young Liu and hails manufacturing plans for India

PM Modi meets Foxconn chief Young Liu and hails manufacturing plans for India

Prime Minister Narendra Modi has met with Taiwan-based manufacturing giant Foxconn's Chairman Young Liu and hailed the company's electronics manufacturing plans in the country. "Glad to meet Young Liu, Chairman, Foxconn. I welcome...

FinTechs Acting Like Banks May Have Activated RBI Order on Credit Lines

FinTechs Acting Like Banks May Have Activated RBI Order on Credit Lines

The central bank's latest communication to fintechs disallowing non-bank wallets and prepaid cards from loading their credit lines onto these products has caused widespread confusion in this segment of the payments industry, although the order...

Andhra Pradesh Govt Clears Rs 15,740 Cr Adani Green Energy Projects

Andhra Pradesh Govt Clears Rs 15,740 Cr Adani Green Energy Projects

As a boost to the green energy sector in the state of Andhra Pradesh, Chief Minister Y.S. Jagan Mohan Reddy has cleared the pump storage projects proposed by Adani Green Energy with a total capacity of 3,700 MW. The project was cleared in the...

Income Tax dept notifies investors to disclose TDS for cryptos, and virtual digital assets

Income Tax dept notifies investors to disclose TDS for cryptos, and virtual digital assets

The income tax department has come out with a detailed disclosure requirements for TDS deductions that are for virtual digital assets, under which the date of transfer and mode of payment will have to be specified. From July 1, tax deducted at...

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