Photo: Facebook
The country's largest public sector lender, the State Bank of India (SEBI) has increased the repo & reverse repo rate, making loans expensive for customers. The loan rate with a hike of 50 basis point, after the announcement of the RBI's new repo rate by 0.5% to take it to 5.90%, which came into effect from October 1, making EMIs to get costlier across all loan categories, including home loans.
In a setback to Indian bitcoin traders, India’s money laundering laws will now apply to trade in cryptocurrencies, said the federal government. In a notification dated March 7, the Government of India said, "The exchange between virtual digital… read-more
TAGS: Cryptocurrency, Indian government, MONEY LAUNDERING, Notification, Traders
US President Joe Biden presented the budget for the fiscal year 2024 and unveiled the government's plans to cut $3 trillion from the fiscal deficit over the next decade. On March 10, the Biden Government also increased taxes for the rich, to… read-more
TAGS: US President, Joe BIden, US Budget 2024, Taxes Hike
Tata Technologies, a unit of Indian carmaker Tata Motors filed for an initial public offering (IPO), confirmed Tata Motors said in an exchange filing. On March 9, the automobile company said they will not offer any of the 95.7 million shares,… read-more
TAGS: TATA Motors, Tata Technologies, IPO, Shares, INDIAN MARKET
Mohit Joshi, the President of Infosys, is the new Chief Executive Officer (CEO) of Tech Mahindra. On March 11, the Tech Mahindra announced that Mohit Joshi, who is currently serving as the President of Infosys, will take over as the as MD &… read-more
TAGS: Tech Mahindra, Infosys President, Mohit Joshi, business, Next md and ceo
The rupee depreciated 37 paise to 82.29 against the US dollar in early trade on March 8. The depriciation strengthen the American currency in the overseas market and a negative trend in domestic equities. Furthermore, at the interbank foreign… read-more
TAGS: Indian Currency, US Dollar, American Currency, Sensex, Indian Trade
OYO founder and CEO Ritesh Agarwal tied the knot on March 7. He invited celebrities, political leaders and Soft Bank's son for his wedding reception, in New Delhi. Highlighting the event, Billionaire investor and SoftBank Group Founder Masayoshi… read-more
TAGS: Oyo Founder, ritesh agarwal, Newlywed, Softbank CEO, Wedding Reception
