Selling medicines at a discount of 90%, THIS 21-year-old built a Rs 500 crore company
In its early years, Generic Aadhaar expanded rapidly across cities and won Deshpande his first TED talk which soon turned viral and caught Ratan Tata's attention. Impressed by the company’s innovative model, the industrialist offered to invest in the start-up venture
Banks logged highest number of frauds in digital payments in FY23, says RBI
Over the last two years, the highest number of fraud cases were in loan portfolios of banks. In FY2023, the total number of fraud cases in the banking system were 13,530. Of this almost 49 per cent or 6,659 cases were in the digital payment – card/internet transactions category
International credit card spends abroad will now attract 20% TCS: How cardholders may be hit
Credit card spends outside India have been brought under the ambit of the LRS — under which all resident individuals, including minors, can remit up to $2,50,000 (approximately Rs 2.06 crore) abroad per year without prior approval from the RBI
Delhi-based start-up ReFit Global earns over Rs 200 crore selling second-hand smartphones
Refurbished second-hand smartphones have always thrown up the challenge of quality and it is this very aspect which has proved to be a major limitation for both sellers and buyers of second-hand phones. This start-up has found a way around the disadvantage and has successfully captured the market
Aadhaar-PAN Link, TDS Challan and Advance Tax: Important financial deadlines in June 2023
Based on the tax calendar provided on the official website of the Income Tax Department, here are the significant dates for the month of June 2023
Dollar Detox: ‘Time to ditch the dollar,’ says Cuban President
Cuban President Miguel Diaz-Canel has asked developing countries to dump the US dollar as it would set them free from Washington's 'sanctions, blackmail, aggression, and slander'
GST collection rises 12% to Rs 1.57 lakh crore in May
"The revenues for the month of May 2023 are 12 per cent higher than the GST revenues in the same month last year," read a statement by the finance ministry
Why Twitter is making fun of ex-RBI guv Raghuram Rajan and Rahul Gandhi?
India's economy grew by 6.1 per cent in the January-March quarter of 2022-23, pushing the annual growth rate to 7.2 per cent on account of better performance by agriculture, manufacturing, mining and construction sectors, as per the official data
India's manufacturing PMI hits 31-month high in May
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) has increased from 57.2 in April to 58.7 in May, indicating the strongest improvement in the health of the sector since October 2020
Commercial LPG cylinder prices reduced by Rs 83.5; check latest rates in cities
It’s important to note that the rates of commercial and domestic LPG cylinders undergo revision on the first day of each month
India Post Payments Bank temporarily stops opening of Digital Savings Accounts; here's what we know
Failure to complete the Know Your Customer (KYC) process within 12 months of opening the Digital Savings Account may result in its closure
Elon Musk once again becomes world's richest man, here's how
Elon Musk's total net worth now stands at $192.3 billion, while Bernard Arnault's assets stood at $186.6 billion
Indian GDP at 6.1% in Q4: Chief Economic Advisor Nageswaran optimistic about growth
The chief economic advisor also said that he is confident about India's domestic inflation trajectory, saying that there is a very high chance that headline retail inflation will come close to the RBI's medium-term target of 4 percent in 2023-24
Know how India remains the fastest growing economy in world with GDP at 6.1% in Q4 FY23
According to the data released on Wednesday, India saw a growth of 6.1 per cent between January and March (Q4) while Indonesia, the second to follow, grew 4.8 per cent. Countries like China, Mexico, US and Japan grew by 4.5 per cent, 3.8 per cent, 1.6 per cent and 1.3 per cent respectively
'GDP growth exemplifies tenacity of people amid global challenges': PM Modi lauds India's outstanding economic progress?
According to data released by the National Statistical Office, India’s economy will see an overall growth of 7.2 per cent in FY23. The country has witnessed steady growth among some of the fastest-growing economies including China and the US
RBI plans light weight and portable payment system for critical transactions during catastrophic events
The system is specifically designed to facilitate crucial payments, and also sustain the liquidity flow of the economy
Banks to be closed for 12 days in June: See full list of holidays
It is recommended to refer to the RBI holiday calendar before visiting your bank and organise your tasks accordingly to prevent any inconvenience
India to remain brightest spot in world economy with 5% growth in Jan-March quarter
India is set to release data on Wednesday that is expected to show the economy grew by 5 per cent in the January-March quarter from a year earlier, accelerating from 4.4 per cent in the previous quarter due to steady urban demand and government spending
Employee Pension Scheme: Possible to exit after applying for higher EPS pension?
Once an employee has submitted an application for a higher EPS pension, it is crucial to understand that they are not allowed to terminate their participation or withdraw from the scheme
PM Modi releases special stamp, Rs 75 coin to mark inauguration of new Parliament building
The coin and the stamp was released at the inauguration event held at the Lok Sabha chamber of the new Parliament building