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State-owned Bank of India (BoI) has announced a hike in lending rate by 10 basis points, a move which will make loans, including retail, expensive. The lending rate increase comes ahead of the monetary policy announcement by the Reserve Bank of India on April 5. The new rate would be effective from April 1, BoI said in a regulatory filing on Saturday from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GRLuse6 >

RBI deputy governor M Rajeshwar Rao highlights the evolving financial landscape, challenges with new trends, and the importance of balanced regulations for niche players, emphasizing the need for responsible innovation in the market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WSyN5B9 >

Income tax department uncovered a PAN fraud scheme where individuals misused PANs for house rent allowance claims, leading to the detection of numerous high-value cases. The misuse may entail legal repercussions, including penal interest and tax payments. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FTrfuzq >

Vermejo, a Ted Turner Reserve announced the opening of Bernal Lake Cabin, a premium, secluded wilderness experience, for guest stays. ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/WHwR1Np

Indian investors saw a significant rise in wealth in FY 2024, with BSE market cap soaring. Despite global challenges, India's market showed resilience, attracting foreign investments and outperforming expectations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i1OPSG0 >

Sitting on the border of Switzerland and the Haute-Savoie, the tony French spa resort town  Evian-les-Bains   ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/EDAl57b

Sitting in a cosy reading room at Grand House in the eastern corner of the Portuguese Algarve surrounded by artefacts from the Belle-É ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/sb3czj2

When you finally snag tickets to a big game you’ve been chasing for months, you probably start planning the complementary vacation within minutes. People often assume that the experience ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/TJYdiD9

Sameer Hiremath and Pallavi Swadi - grandchildren of forging industry pioneer Neelkanth Kalyani - have moved Pune civil court against their uncle and Bharat Forge chairman Baba Kalyani, seeking division of family assets. They have demanded one-ninth of the family estate including stakes in Bharat Forge and Kalyani Steel as their share. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PDBjL8e >

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There are now more billionaires in Mumbai's 603 sq km than there are in Beijing's over 16,000 sq km. By overtaking the Chinese megalopolis, Mumbai has become Asia's billionaire capital for the first time. While China has 814 billionaires compared to India's 271, Mumbai hosts 92 billionaires against 91 in Beijing, Hurun Research's 2024 Global Rich List showed. Mumbai now ranks third globally in terms of billionaires after New York, which regained its top status after seven years with 119 billionaires, followed by London with 97. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vqJIhFy >

Supreme Court ruled discounts on SIM cards won't trigger withholding tax. Telecom operators not liable without commission payments. CBDT should issue clear instructions to avoid future disputes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1K4d9E2 >

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Head of International Monetary Fund on Sunday called on China to implement "a comprehensive package of pro-market reforms" to boost a sluggish economy beset by a housing market crisis, low domestic demand and persistently high youth unemployment. Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/dyL92wS >

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Reddit's successful IPO valued close to USD 9 billion on the New York Stock Exchange, priced at USD 34/share, debuting at USD 47. The price climber higher and soared over 55 per cent around 1: 20 pm ET. Supported by prominent figures like Sam Altman, Peter Thiel, and Snoop Dogg. Potential volatility expected. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vgiNKY6 >

Indian and Chinese companies have teamed up for a significant joint venture in the automotive sector. SAIC, a leading Chinese automaker that owns MG Motor, has partnered with Indian steel giant JSW to produce cars for both domestic and global markets. The new entity, JSW MG Motor India, will have 51% ownership by Indian firms. Initial investment for the venture is set at Rs 5,000 crore, as confirmed by Sajjan Jindal, chairman of JSW group. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xHqgprk >

The picturesque Kassandra peninsula of Halkidiki in mainland Greece is one of Europe’s most popular beach holiday destinations: with its pristine, white sandy beaches lapped by turquoise waves, coupled with stunning views of the crystal-clea ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/UpcNygx

Federal Reserve officials plan to reduce key interest rates three times in 2024 despite higher inflation. Forecasts suggest continued growth, inflation, and job market strength. Rate cuts could lower borrowing costs and support Biden's re-election prospects. Fed's cautious approach aims to balance economic growth and inflation concerns. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WUrQm7O >

The sensex took a dip on Tuesday due to various global and local factors. Japan's first interest rate hike in 17 years and concerns about overvaluation in certain stock market segments contributed to the decline. Despite foreign and domestic funds being net buyers, both the sensex and Nifty started the day in the red and continued to slide, closing near their intraday lows. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/a4Xc0IV >

Chris Kempczinski will become chairman of McDonald’s, succeeding Enrique Hernandez Jr. Jim Skinner, a previous CEO, also held the chairman position. Kempczinski, earlier, was named as the burger chain's President and CEO in 2019. Mike Hsu is nominated as an independent director. McDonald's noted that Hsu would help maintain a corporate goal of having 50% or more of its board members represent diverse backgrounds. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4mjZAYl >

Tata Sons is aiming to raise around Rs 9,362 crore ($1.1 billion) by selling shares of its lucrative unit Tata Consultancy Services (TCS) on Tuesday. This move is part of Tata Sons' efforts to lower its debt burden. The company is restructuring its balance sheet to avoid mandatory public listing under RBI's 'upper layer' NBFC regulations. These regulations require companies to adhere to strict guidelines, including a mandatory listing within three years of notification. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DT5BK2z >

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Stock markets are expected to be volatile during India's 78-day general election. Analysts predict auto, banking, and infrastructure sectors to show promise this year. Motilal Oswal Financial Services underscores that equity markets will keep a watch on the outcome of this election, as it will have a significant bearing on short-term market behaviour. Siddharth Khemka head (retail research), Motilal Oswal Financial Services said. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zYyeU5p >

Goa-based regional airline FLY91, led by MD and CEO Manoj Chacko, is launching commercial flights on March 18 with a team of 350 staff. The airline aims to achieve break-even in two years, expanding its fleet and receiving Viability Gap Funding under UDAN. FLY91 focuses on profitability and sustainability in its operations. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/JZrGaO2 >

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The US Federal Reserve is expected to maintain its key lending rate unchanged while considering potential rate cuts to combat inflation. Market experts predict a June rate cut, aligning with the Fed's cautious approach towards achieving inflation goals. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WPrcEx9 >

We're at the time of the year where the days are longer and the nights are warmer, so it’s normal to look for new places to see and destinations to explore. If you're eyeing a flight to Europe, or even considering traveling to the ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/aetpIXU

Government policy overhaul reduces import duty for high-end foreign electric cars with a $500 million investment requirement. Key players like Tesla, VinFast, and Foxconn are considering the scheme, aiming to boost EV manufacturing in India. The policy, crafted by the heavy industries ministry and the department for promotion of industry and internal trade, marks a major shift as govt shed its reluctance to cut customs duty for automobiles, a sector that has traditionally been protected by high tariffs. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NC8HB1J >

US prosecutors are investigating Adani Group for potential bribery, focusing on founder Gautam Adani. The probe includes scrutiny of Adani entities and individuals linked to the company for alleged misconduct in India and involves the US Attorney’s Office in New York. The probe, which is also looking at Indian renewable energy company Azure Power Global Ltd., is being handled by the US Attorney’s Office for the Eastern District of New York and the Justice Department’s fraud unit in Washington, said people familiar with the matter. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OfGKTpB >

Rashmi Govil, the new HR director at IndianOil, brings 30 years of experience, leading innovative initiatives like 'Srijan' and handling challenges at Mathura refinery. She is known for her collaborative style and focus on employee well-being. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1V3XkrE >

Govt-run fuel retailers on Thursday slashed prices of petrol and diesel by Rs 2 per litre. In a separate post on X, the oil ministry said the latest reduction will "boost consumer spending and reduce operating costs for over 58 lakh heavy goods vehicles running on diesel, 6 crore cars and 27 crore two-wheelers". from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QyUEPZR >

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Discovering the best beachfront villas in the Caribbean with Haute Retreats for your family vacation promises an experience that transcends the ordinary, enveloping you in luxury ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/gq17LoY

Fuel retailers cut petrol and diesel prices by Rs 2, aiming to benefit consumers and boost spending. Govt influence seen in past duty and VAT reductions. Impact on transportation sector profitability highlighted. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/xpRhju5 >

On a day when the sensex recorded the second biggest loss in market capitalisation, Adani stocks witnessed the group's biggest single-session wealth erosion of Rs 1.1 lakh crore last seen on Feb 2, 2023, a week after the US-based short-seller Hindenburg published its report on the conglomerate. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/fLZaJz9 >

Wednesday was the worst day for Dalal Street investors since Covid in terms of wealth erosion. The day's selloff erased Rs 13.9 lakh crore worth of investors' wealth in terms of loss in BSE's market capitalisation that was just a tad lower than the Rs 14.2 lakh crore, the biggest loss ever. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/NvZJQ6T >

EVs cheaper to own than internal combustion engine (ICE) models in India, but concerns over resale value, charging stations, financing remain. CNG vehicles pose competition. Two- and three-wheelers adopt EVs faster. Electric buses economically favorable. Battery-driven heavy trucks reach TCO parity after 2030. Infrastructure and financing important for EV adoption. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zZ3k5Kf >

A govt-appointed panel has recommended enactment of a new law - Digital Competition Act - to allow the Competition Commission to monitor large digital enterprises and intervene before instances of anti-competitive conduct transpire. The move is meant to deal with entities such as Google, Facebook and Amazon that use data ("the defining feature of digital markets") and supplement the Competition Act. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KOkdl9T >

Wheat stock with Food Corporation of India (FCI) has dropped below 100 lakh tonne for the first time since 2018, falling to 97 lakh tonne this month, due to low procurement during past two years and record sale of the cereal in open market to keep prices under check. In case of rice stocks, FCI is currently holding more than four times. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lMchrJ9 >

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A trade agreement signed on Sunday between India and members of the European Free Trade Association, including Switzerland, Norway, Iceland, and Liechtenstein, is poised to reduce the prices of Swiss chocolates, watches, wine, soft drinks, Norwegian salmon, and mackerel. Customs duties on cut and polished diamonds will see reductions, but no concessions will be granted by India on gold, as well as major farm and dairy products. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rjo8PyF >

Since his tumultuous takeover of Twitter, Elon Musk has made an unabashed turn to the right politically, defying the orthodoxy that Silicon Valley is a citadel of well-heeled liberals beholden to Democrats. - 'Techno-optimist' - other Silicon Valley mavens are also defending conservative causes, making noise in what electorally remains a liberal stronghold; in 2020, Trump's vote share in Silicon Valley was less than 25 percent. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EMmt6eG >

The United States is considering sanctions on Chinese tech companies, including ChangXin Memory Technologies, to restrict China's development of advanced semiconductors. ChangXin Memory Technologies complies with USexport regulations. The United States aims to prevent Beijing from acquiring advanced AI chips that could strengthen its military. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/vNAPIFy >

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Bloomberg and JPMorgan Chase's inclusion of Indian govt securities in emerging market bond index boosts dollar inflows, lowers interest rates. Indian govt bonds will be included in Bloomberg's EM Local Currency Govt index, tracking the prices of 34 Indian govt bonds. $5 billion of foreign funds could come into India by Oct 2025. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CSV8Mzv >

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India will link duty cuts with the EFTA trade deal, including watches, wine, chocolates, and machinery. Talks for the pact began in 2008 and resumed last year. The proposed agreement with Oman is also underway. India is committed to trade liberalisation and aims to open up the services sector. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cPAnpae >

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