A Business Today analysis has revealed that in the past 10 years, salary increases for new hires in the IT sector have been more muted than those for their CEOs. While the pay for CEOs has skyrocketed by around 1500 per cent, that of new hires has climbed by justRead More

Reliance Industries | Unit Reliance Strategic Business Ventures has acquired a 23.3 percent stake in US-based Exyn Tech for $25 million. The unit and Exyn have also signed a strategic partnership for technology collaboration and commercialisation of Exyn’s technology. More details here. Defence Stocks | The Defence Acquisition Council hasRead More

New Delhi: The government on Thursday said it is examining a Supreme Court judgement which upheld Employees’ Pension (Amendment) Scheme, 2014 and allowed employees to opt for enhanced pension coverage alongside their employers in four months’ time. “Yes, sir. The directions of the Supreme Court in the judgment are underRead More

PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card. PAN allows the department to identify/ link all transactions of the PAN holder with the department. These transactions include tax payments, TDS/TCS credits, returns of income,Read More

City Union Bank | The Reserve Bank of India has found divergence worth Rs 259 crore in additional Gross NPA for financial year 2022. RBI conducted an on-site inspection for supervisory evaluation (ISE) for the previous financial year. Mazagon Dock | The company on Tuesday delivered the fifth Scorpene SubmarineRead More

New Delhi: A week after RBI’s move to increase repo rate by 35 basis points, a number media reports are speculating that government might take a call on hiking interest rates on small saving schemes like Public Provident Fund (PPF), Sukanya Samriddhi Scheme, Senior Citizen scheme, National Saving Certificates (NSC)Read More

New Delhi [India], December 8 (ANI): Airports across the country have received 53 per cent more plaints”>complaints related to baggage delays as compared to last year, the ministry of civil aviation said on Thursday. Responding to the question, General (Rtd) VK Singh, Minister of State for Civil Aviation, said thatRead More

Mumbai (Maharashtra) [India], December 7 (ANI): All eyes were on the Monetary Policy Committee meeting which concluded on Wednesday. Like experts predicted, the rate hike slowed down to 35 bps in December from 50 bps in October. The question remains that whether this would affect the general public in anyRead More

Mobile phone exports from India are likely to go up to $9 billion in the current financial year 2022-23, compared with $5.8 billion a year ago. The jump in exports is expected as manufacturers ramp up production and raise shipments, according to an Economic Times report. It added that IndiaRead More

New Delhi: Indian banks provide customers with an overdraft option that allows them to borrow money from the bank. Because one can utilise the service even if they have no money in their bank accounts, it can be used in times of financial need. The overdraft facility actually functions more likeRead More