Indian stock markets close FY23 on a high note

Chennai (IANS) The two Indian stock markets went up on Friday, the last day of FY23, with scrips in most of the sectors ending in green, said experts.

Globally too the markets rallied up with foreign institutional investors (FII) being the…

Aadhaar authenticated transactions jump over 13% to cross 226 crore

New Delhi (IANS) Aadhaar authenticated transactions in February jumped over 13 per cent over last month to cross 226 crore, the UIDAI said, noting that there is growing adoption and usage of Aadhaar across sectors in India.

In February alone,…

Indigo, Virgin Atlantic expand codeshare, open up new destinations

New Delhi (IANS) Indigo and Virgin Atlantic have expanded their codeshare, opening up an array of new destinations across India.

Air passengers will now be able to book one ticket which allows them to connect seamlessly to London and beyond…

Loans disbursed digitally rose 12-fold between 2017 and 2020: RBI panel report

New Delhi (IANS) There was a 12-fold increase in the volume of loan disbursement through digital mode by banks and non-bank finance companies (NBFCs) between 2017 and 2020, a RBI panel report said.

According to the findings by a working group…

NPCI clarifies that customers won't be charged for UPI transactions

New Delhi (IANS) The National Payments Corporation of India (NPCI) on Wednesday said that it has now permitted the Prepaid Payment Instruments (PPI wallets) to be part of the interoperable UPI ecosystem and there is no charge for customers.

Additionally,…

Realme bumps up India hiring, Madhav to still look after India strategy

New Delhi (IANS) As realme's Madhav Sheth accepts the new role of VP for Business and Corporate Strategy (Global), he would still look after the India market which is strategically important for the global technology brand, the company said on…

'Life insurers to cut costs to grow under new tax regime'

Chennai (IANS) The Indian life insurance sector should address the 'elephant in the room' - high direct and indirect costs- so that it can move out of the shadow of the tax benefits-driven growth model, said Emkay Global Financial Services…

Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23

New Delhi (IANS) The total amount of cess and surcharge grew by 63.74 per cent from 2017-18 to 2022-23 (RE), the Parliament was told on Monday.

Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance…

Maximum GST compensation cess rate for tobacco products capped

New Delhi (IANS) The government has put a cap on the maximum rate of GST compensation cess to be levied on tobacco products like cigarettes and pan masala, among other items.

The cap is among the 75 amendments made in the Finance Bill, which…

Uncertainty, volatility to dominate last week of financial year's trading

It was an extremely tough and volatile week at the bourses. Markets were all over the place and the small net change at the end of the week, does not convey the overall movement or the sentiment that prevailed.

Markets gained on two of the…