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India Needs USD 300 Bn Renewable Energy Investment By 2032: Think Tank Ember

AIMPWAFebruary 28, 2025

New Delhi, Feb 25 (KNN) A recent report by UK-based energy think tank Ember reveals that India requires USD 300 billion in renewable energy investment by 2032 to meet its ambitious clean energy targets. Annual financing must grow to USD 68 billion, representing a 20 per cent yearly increase from current levels. The analysis warns...

Virtual digital assets to be brought within scope of undisclosed income under Income Tax Act

AIMPWAFebruary 28, 2025

In an effort to further rein in misuse of crypto, government has proposed to include virtual digital asset (VDA) in the definition of undisclosed income for block assessment scheme. This means non-disclosure could lead to tax at 60 per cent besides penalty. Once the Finance Bill 2025 is enacted, this provision will be made effective...

Air India finalises $20 billion fleet insurance; premium unchanged

AIMPWAFebruary 28, 2025

Air India has finalised $20 billion insurance cover for its expanded fleet post Vistara merger at existing rates, it is learnt. While the sum insured has increased from $12 billion to $20 billion, the premium outgo will remain unchanged at around $30 million. While globally aviation insurance premiums are expected to inch up following a...

Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

AIMPWAFebruary 28, 2025

With the Reserve Bank of India (RBI) recently clearing the decks for Asset Reconstruction Companies (ARCs) to raise equity via initial public offering (IPO), the smaller entities among them may be the first off the starting block to tap the capital market. The option to go public comes at an opportune time as they will...

Tuhin K Pandey: SEBI Back to Bureaucracy

AIMPWAFebruary 28, 2025

The appointment of Finance Secretary Tuhin Kanta Pandey signifies the return of the bureaucracy to steer the market regulator, Security and Exchange Board of India (SEBI). In a matter of just two months, the Government has appointed two top Finance Ministry officials to steer top regulators — RBI and SEBI. Before Sanjay Malhotra was dispatched...

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

AIMPWAFebruary 28, 2025

UPI transactions in January surpassed 16.99 billion and the value exceeded ₹23.48 lakh crore, marking the highest number recorded in any month, the Finance Ministry said on Thursday. For 2023-24, the digital payments landscape has demonstrated remarkable expansion, the finance ministry said in a statement. Unified Payments Interface (UPI) remains the cornerstone of India’s digital...

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

AIMPWAFebruary 28, 2025

After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research. The report highlighted several measures taken by the central bank, including liquidity infusion, a repo rate cut, and relaxation...

NICB employees had flagged irregularities in 2020

AIMPWAFebruary 28, 2025

The crisis at New India Co-operative Bank (NICB), whose board was superseded by the Reserve Bank of India earlier this month and all transactions suspended, has been brewing for several years, and in 2020 a group of former employees had flagged concerns over the functioning of the bank in a letter to the regulator. The...

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

AIMPWAFebruary 28, 2025

The Utkarsh Small Finance Bank board will meet on February 26 to consider a proposal for issuance of equity shares. The board would convene an extraordinary general meeting/ postal ballot process to seek shareholder approval for the same. The Varanasi-headquartered bank first tapped the equity market in July 2023, when it raised ₹500 crore by...

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

AIMPWAFebruary 28, 2025

Singapore’s DBS Group sees its workforce shrinking by 4,000 or 10 per cent over the next three years, due to deployment of artificial intelligence, group CEO Piyush Gupta said at an industry event. In a fireside chat at an event organised by Nasscom, Gupta said that in 2016-17 the bank had identified 1,600 jobs that...

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

AIMPWAMarch 14, 2025

U.S. stocks rose on Friday after a broad selloff on Wall Street during the week as investors assessed the fallout of tariff policies on economic growth, while new data signaled deteriorating consumer sentiment and a surge in inflation expectations. All three indexes are headed for weekly declines, with the benchmark S&P 500 on track for...

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

AIMPWAMarch 14, 2025

Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,...

From Southwest to BP, Elliott and other activists are shaking up companies again

AIMPWAMarch 14, 2025

Investors like billionaire Paul Singer have more money than ever to throw around, and they are making their presence felt on Wall Street and Main Street. Source link

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

AIMPWAMarch 14, 2025

1. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product (GDP) compared to 8.2% in the same period last year, the finance minister had to act, and she decided to take the bull...

Want to make more money selling your house? Mention these features in the listing.

AIMPWAMarch 14, 2025

As spring homebuying season approaches, homeowners who mention features including ‘teak’ and ’soapstone’ in their for-sale listing could get better offers on their houses. Source link

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Latest Posts

India Needs USD 300 Bn Renewable Energy Investment By 2032: Think Tank Ember

Virtual digital assets to be brought within scope of undisclosed income under Income Tax Act

Air India finalises $20 billion fleet insurance; premium unchanged

Smaller ARCs may jump on the IPO bandwagon to meet ₹300 crore minimum NOF criteria

Tuhin K Pandey: SEBI Back to Bureaucracy

UPI transactions in January reach all time high of 16.99 billion: Finance Ministry

RBI makes a significant shift in its stance, strongly benefiting the banking sector after 2-year tightening period: Report

NICB employees had flagged irregularities in 2020

Utkarsh Small Finance Bank board to meet on 26 February to consider issuance of shares

DBS Group workforce shrinking 10%, plans to cut 4,000 jobs due to AI

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

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Wall Street Today: US stocks climb after S&P 500 enters correction, Nasdaq up 2%; Tesla edges higher

Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

From Southwest to BP, Elliott and other activists are shaking up companies again

Mint Primer | Finance minister Nirmala Sitharaman’s eighth budget in eight points

Want to make more money selling your house? Mention these features in the listing.

India’s nuclear energy ambitions: Aiming for 100 GW by 2047