X To Be Dating App, Elon Musk Aims To Make Platform All-Feature Platform?
With the aim of making X, formerly known as Twitter, an all-app platform, Tesla CEO and X owner Elon Musk announced that X would soon be announced as a dating platform. Interestingly, the speculations of X being a relationship platform came after his statement, "Finding someone on the platform. Obviously, I found someone and friends of mine have found people on the platform." There is yet to be an official announcement.
Tags: X Platform, Dating App, Elon Musk, Technology, Finance
Courtesy: DNA India
Banks Increase Lending Rates Making Loans Costlier
Banks including private and government-run, like HDFC, ICICI, Punjab National Bank to name a few, have increased their lending rates, making loans costlier. ICICI bank has increased its lending rate by 0.30% or 30 basis points and Punjab National Bank has increased its lending rate by 0.15% or 15 basis point. Meanwhile, HDFC increased its retail prime lending rate by 0.05% or 5 basis points.
Tags: Finance, Banking, business, Lending Rate, ICICI
Courtesy: ANI
Sensex Rises With IT & Banking Stocks Getting Higher
This week's Indian markets Sensex and Nifty has hit a positive note all along the Russia-Ukraine conflict. The points started going higher with Infosys jumping to 2.65 %, Wipro to 2%. More of the banks and IT sectors had a high impact with the State Bank of India going up 2.57% to Rs. 482.50 and Axis Bank going up with 1.83% to Rs. 703.55.
Tags: Sensex, Nifty, IT, Finance, HDFC BANK
Courtesy: ANI
FM Sitharaman To Launch e-Bill Aiming Enhanced Business Ecosystem
Union FM Nirmala Sitharam is to launch an electronic bill (e-Bill) for businesses, on March 2. The Minister had announced digital bill during the 2022-2023 budget, which will be a part of the 46th Civil Accounts Day organised by Dr Ambedkar International Centre in Delhi. With the introduction of e-bill, Indian business will have transperant, paperless efficient payment ecosystem, in all ministries and government departments.
Tags: Finance Minister, Nirmala Sitaraman, e-Bill, Union budget, Finance
Courtesy: ANI
FM Nirmala Sitharaman To Address Press, Highlights Antrix-Devas Case
Finance Minister, Nirmala Sitharaman will address a press conference at 4:30 pm on Tuesday, January 18. She is more likely to brief about an ''important economic issue''. She might reaffirm the current conflict of Antrix Corporations and Devas Multimedia, along with implications posed by order of the Supreme Court, suggested reports. The Minister is all set to present the Union Budget 2022, on February 1.
Tags: Finance, Nirmala Sitharaman, press conference, Antrix-Devas case, Supreme Court of India
Courtesy: News 18
PM Modi To Inaugurate Leadership FinTech Forum On Dec 3
Prime Minister Narendra Modi will be inaugurating a leadership Forum on Financial technology at 10 AM via video conferencing on December 3. Reportedly, over 70 countries will participate in the forum, including Finance Minister of Malaysia, Indonesia, and Reliance Industries Chairman, Mukesh Ambani. The forum's agenda is… read-more
Tags: Narendra Modi, Finance, Technology, fintech, business
Courtesy: ANI
Jack Dorsey's Square To Launch Banking Services For Small Businesses
Twitter CEO Jack Dorsey owned Square Inc. which enables sellers to accept card payments is now launching banking services for small businesses. Apart from offering businesses savings and checking accounts, Square banking will also offer loans to small and medium businesses through Square Loans. The aim is to attract small business owners who have been struggling to gain access from big banks.
Tags: Jack Dorsey, Twitter CEO, Finance, Small and Medium Business, Banking
Courtesy: Reuters
US's Biggest Investment Scam Convict Passes Away At Federal Prison
The US's largest Ponzi scheme convict Bernie Madoff passed away on April 14 at federal prison's medical facility in Butner, North Carolina. The 82-year-old had a natural death, a year after the court denied his lawyer's request to release him considering medical reasons. Nonetheless, he pleaded guilty of running an investment scam in March 2009. Reportedly, around $13 billion of his investors have been recovered out of $17.5 billion.
Tags: Ponzi scam, Ponzi scheme, Finance, Investments
Courtesy: Money control
India Records Highest FDI Inflow For First 8 Months In FY 2020-21: Govt
The Commerce Ministry, in its latest data, has revealed that India's Foreign Direct Investment (FDI) inflow soared by 37% to $43.85 billion during April-November 2020. It stated that the FDI inflow was highest-ever for the first eight months of a FY, surpassing FY 2019-20 collection ($32.11 billion). Citing the FDI reforms and investment facilitation introduced by the government, the ministry reported the total FDI inflow, including ploughed… read-more
Tags: Commerce and Industry Ministry, FDI, Finance, National
Courtesy: WION
CBDT Extends Deadline for ITR Filing, Self-Assessment Tax Payment
Central Board of Direct Taxes (CBDT) stated that the deadline for filing Income Tax Returns (ITR) has been extended till December 31, 2020. For ITRs which require a report on international and domestic transactions, the deadline has been pushed to January 31, 2021. The extension has been announced for a second time to provide relief to the self-assessment tax payers.
Tags: Income Tax, IT-Returns, Self-Assement Taxes, Finance
Courtesy: Live Mint