FINANCE – Page 25 – msmenews.sbs

CUB-CSK co-branded credit card launched with sports and lifestyle perks

AIMPWAMarch 1, 2025

City Union Bank Ltd, an old private sector bank, has partnered with Chennai Super Kings (CSK) to launch a co-branded credit card. The CUB-CSK Co-Branded Credit Card will be available in three variants – MasterCard, Platinum, and Signature Powered by MasterCard and RuPay, the card promises global acceptance, top-notch security, and contactless payment options. “These...

India’s Core Sector Output Grows 4.6% in January, Cement and Refinery Products Lead

AIMPWAMarch 1, 2025

New Delhi, Mar 1 (KNN) India’s eight core infrastructure sectors recorded a 4.6 per cent growth in January, slightly lower than December’s revised 4.8 per cent but still the second-highest increase in six months. On a sequential basis, the Index of Core Industries (ICI) rose 2.4 per cent from December, reaching a 10-month high of 173,...

India Extends Mandate for Imported Coal Power Plants Amid Rising Electricity Demand

AIMPWAMarch 1, 2025

New Delhi, Mar 1 (KNN) The Indian government has extended its mandate requiring imported coal-fired power plants to operate at full capacity until the end of April, pushing back an earlier deadline set for February. The decision, outlined in a government order seen by Reuters, comes in response to rising electricity demand across the country. India’s power...

IACC and US Consulate Collaborate on White Paper for India’s Semiconductor Industry

AIMPWAMarch 1, 2025

Nagpur, Mar 1 (KNN) The Indo-American Chamber of Commerce (IACC), in collaboration with the US Consulate, is drafting a white paper to advance India’s semiconductor industry. The report will outline the needs of India’s domestic sector while incorporating perspectives from US stakeholders, particularly on intellectual property rights (IPR) and technology transfer. Sources indicate that the white paper...

DPIIT Launches Startup Maha Rathi Challenge With Rs 30 Crore Fund

AIMPWAMarch 1, 2025

New Delhi, Mar 1 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT) has launched the Startup Maha Rathi challenge as part of the second edition of Startup Mahakumbh. This flagship initiative is a collaborative effort with Avaana Capital, LetsVenture, Karnataka Digital Economy Mission (KDEM), IVCA, HDFC, and other partners, aimed at providing Indian...

$10 bn Swap auction by RBI gets healthy response

AIMPWAMarch 1, 2025

The Reserve Bank of India (RBI) received a healthy response to the $10 billion US Dollar (USD)/ Indian Rupee (INR) buy/sell swap auction of three years tenor it conducted on Friday. The auction was oversubscribed 1.62 times. This is the second swap auction that RBI conducted in the last one month and is part of...

PM Modi Reviews Ayush Sector Growth, Highlights Global Leadership In Traditional Medicine

AIMPWAMarch 1, 2025

New Delhi, Feb 28 (KNN) Prime Minister Narendra Modi recently chaired a high-level meeting at 7 Lok Kalyan Marg to review the Ayush sector’s development, emphasising its critical role in holistic healthcare, traditional knowledge preservation, and contribution to India’s wellness ecosystem. The meeting focused on evaluating the sector’s progress since the establishment of the Ministry...

First Tranche Of Exploration Licenses For Critical & Deep-seated Minerals To Be Launched In March 2025

AIMPWAMarch 1, 2025

New Delhi, Feb 28 (KNN) Union Minister of Coal and Mines G Kishan Reddy announced today that the Ministry of Mines will launch the first tranche auction of Exploration License blocks in March 2025. Speaking at a press conference in New Delhi, the Minister noted that this initiative follows the 2023 amendment to the MMDR...

Organised Retail Sector To Hit USD 230 Bn By 2030: Deloitte-RAI Report

AIMPWAFebruary 28, 2025

New Delhi, Feb 28 (KNN) India’s organised retail sector is experiencing robust growth and is expected to reach USD 230 billion by 2030, driven by increasing disposable incomes and evolving consumer preferences, according to a report released jointly by Deloitte and the Retailers Association of India (RAI) on Thursday. The report highlights that the sector...

Wipro To Invest $200 Million in Startups In Financial Services, Healthcare & Energy

AIMPWAFebruary 28, 2025

Bengaluru, Feb 28 (KNN) Wipro has announced a fresh USD 200 million investment in its venture capital arm, Wipro Ventures, as part of its latest funding round. This marks the fourth round of funding since the firm’s inception, reinforcing its commitment to supporting early to mid-stage startups globally. Wipro Ventures plays a crucial role in fostering...

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Banks see cracks in the economy as consumers blink at inflation, tariffs

AIMPWAMarch 14, 2025

Banks are seeing lower credit-card spending, while delinquencies are rising. Source link

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

AIMPWAMarch 14, 2025

New Delhi: The customs duty rejig announced in the Union budget for FY26 lowers India’s average customs duty rate sharply from 11.65% to 10.66% and sends a positive signal to India’s trading partners like the US, Central Board of Indirect Taxes and Customs (CBIC) Chairperson Sanjay Kumar Agarwal said in a post-budget interview. The comments...

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

AIMPWAMarch 14, 2025

Continuing its leadership in the gold loan sector, Muthoot Finance has surpassed ₹1 lakh crore in gold loan AUM as of March 14, 2025. The achievement comes amid a strong demand for gold loans, as credit availability from other sources, including fintech lending, unsecured loans, and microfinance, has moderated in recent months, said a press...

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

AIMPWAMarch 14, 2025

The days of intrusive tax scrutiny and compliance enforcement are over and tax administration will be based purely on trust and greater reliance on data mining, Central Board of Direct Taxes chairperson Ravi Agrawal said in a post-budget interview to Mint. Agarwal said that under the revamped new personal income tax regime, those with ₹24 lakh...

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

AIMPWAMarch 14, 2025

New Delhi: The exemption of import duties on components required for making open cells—a key part of LED televisions—has divided India’s nearly-$10-billion TV industry. A section of manufacturers sees the budget announcement as a big boost, but others say the relief will only benefit specific companies, not the entire sector. “The duty abolition will only...

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CUB-CSK co-branded credit card launched with sports and lifestyle perks

India’s Core Sector Output Grows 4.6% in January, Cement and Refinery Products Lead

India Extends Mandate for Imported Coal Power Plants Amid Rising Electricity Demand

IACC and US Consulate Collaborate on White Paper for India’s Semiconductor Industry

DPIIT Launches Startup Maha Rathi Challenge With Rs 30 Crore Fund

$10 bn Swap auction by RBI gets healthy response

PM Modi Reviews Ayush Sector Growth, Highlights Global Leadership In Traditional Medicine

First Tranche Of Exploration Licenses For Critical & Deep-seated Minerals To Be Launched In March 2025

Organised Retail Sector To Hit USD 230 Bn By 2030: Deloitte-RAI Report

Wipro To Invest $200 Million in Startups In Financial Services, Healthcare & Energy

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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Banks see cracks in the economy as consumers blink at inflation, tariffs

Budget lowers India’s average customs duty rate, sends positive signal to the US: CBIC chair

Muthoot Finance crosses ₹1 lakh crore in gold loan AUM

Days of intrusive tax scrutiny are over, taxpayer facilitation is the new mantra: CBDT chairperson Ravi Agarwal

Budget 2025: Not all LED TV makers are thrilled about duty exemption on open cell parts

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