Family pension of bank employees set at 30% of last drawn salary, states Government

Family pension of bank employees set at 30% of last drawn salary, states Government

Family pensions of deceased bank employees will more than treble from now on, with Finance Minister Nirmala Sitharaman removing its cap in favour of a uniform 30 per cent slab to be calculated on the last salary drawn by the employee. With...

CoinDCX enters advertising regulator to enhance confidence in crypto

CoinDCX enters advertising regulator to enhance confidence in crypto

Newly minted crypto unicorn, CoinDCX, has joined the Advertising Standards Council of India (ASCI), a voluntary self-regulatory organisation of the advertising industry, with an aim to improve confidence and credibility of India’s rapidly...

Govt may allow foreign direct investment in LIC ahead of mega IPO

Govt may allow foreign direct investment in LIC ahead of mega IPO

The government is considering allowing foreign direct investment (FDI) in Life Insurance Corporation of India (LIC) to facilitate overseas investors to buy stakes in the insurer. “Discussions on structuring the...

India overtakes the US to rank 2nd as most attractive manufacturing hub globally

India overtakes the US to rank 2nd as most attractive manufacturing hub globally

India has overtaken the United States (US) to become the second-most sought-after manufacturing destination internationally and this was driven mainly by the cost competitiveness, according to real estate consultant Cushman & Wakefield. China...

India on course for a double digit growth in FY22

India on course for a double digit growth in FY22

India's GDP growth rate for FY22 is likely to be in double digits on the back of robust performance of country's tradables sector and a much smaller-than-expected decline in services activity due to pandemic disruptions this year,...

GAIL India share price rises 5% after global brokerage firm retains outperform call, raises target price

GAIL India share price rises 5% after global brokerage firm retains outperform call, raises target price

GAIL India share price added over 5 percent in the morning session on August 24 after Macquarie has retained its outperform rating on the stock and has raised target to Rs 205 from Rs 185 per share. The global brokerage firm has raised...

e-commerce companies seek tweaks in proposed rules

e-commerce companies seek tweaks in proposed rules

India’s top e-commerce companies, that are represented by the Internet and Mobile Association of India (IAMAI), have sought changes to the proposed e-commerce rules, positing that the proposals will harm the interests of consumers....

₹6L-crore monetisation scheme unveiled by Government

₹6L-crore monetisation scheme unveiled by Government

The government will raise ₹88,000 crore this year by the leasing infrastructure assets of the central government ministries and the state-run companies under a ₹6 trillion National Monetisation Pipeline (NMP) it unveiled on Monday. The funds...

PSBs to drive co-lending with NBFCs, digital, agri financing under Ease 4.0 reform

PSBs to drive co-lending with NBFCs, digital, agri financing under Ease 4.0 reform

Co-lending with non-banking companies, digital, agriculture financing, and technological resilience for 24x7 banking are likely to be part of Ease 4.0 Index, a reform agenda for 2021-22 for public sector banks, sources said. Initiated in...

16 merchant banks in row for lead managers to LIC IPO, govt may choose 10

16 merchant banks in row for lead managers to LIC IPO, govt may choose 10

Sixteen merchant banks are in the row to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to deliver a presentation before the Department of...

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