Photo: The Print
Byju's Founder Raveendran Is Out Of Hurun Rich List 2023
Byju Raveendran, the founder of edtech startup Byju's, has been left off the latest Hurun India rich list, amid valuation markdowns faced by the company. Notably, Reliance Industries' Mukesh Ambani has reclaimed the title of the richest Indian, surpassing Gautam Adani, confirmed Hurun's list. The list, with exit of Byju's, came days after it was reported that online higher education platform Great Learning is looking to to buy Byju's.
Tags: Byju's, Harun List, Richest Man, Indian Business, Mukesh Ambani
Courtesy: The Times of India
Photo: India Today
RBI Monetary Policy: Shaktikanta Das Announces 6.50%, Press Conference Underway
Reserve Bank of India (RBI) governor Shaktikanta Das will on Friday unveil decisions taken at the central bank's latest 3-day Monetary Policy Committee (MPC) meeting. At the previous meeting, in August, the MPC decided to retain the policy repo rate at 6.50%. The standing deposit facility rate is 6.25%, the Marginal standing facility rate: is 6.75%, the Bank rate: is 6.75%, and the fixed reverse repo rate: is 3.35%.
Tags: monetary policy, Indian Business, RBI GOVERNOR, SHAKTIKANTA DAS, repo rate
Courtesy: Hindustan Times
Photo: Live Mint
Neelkanth Mishra Is Appointed As Part Time Chairperson Of UIDAI
Neelkanth Mishra has reportedly been appointed by the Union government as the part-time chairperson of the Unique Identification Authority of India (UIDAI), The UIDAI is the nodal body in charge of issuing Aadhaar numbers. He is Chief Economist at Axis Bank and Head of Global Research at Axis Capital. Meanwhile, Nilesh Shah, MD at Kotak Mahindra Asset Management Company Limited have been named as part-time UIDAI member,
Tags: Neelkanth Mishra, UIDAI, Chairperson, Indian Business, News Today
Courtesy: Business Today
Photo: The Indian Express
Income Tax Department Raids Premises Of Kalpataru Builders
The Income Tax Department on Friday conducted raids on premises linked to the Mumbai-based Kalpataru builders over alleged tax evasion. The raids were conducted on around 30 premises across four states. Significantly, the residences of Kalptaru group founder Mofatraj Munot and MD Parag Munot were also raided by the tax department. This is a developing story, more details are awaited.
Tags: Indian Business, Income Tax Department, Raids, Builders, Breaking News
Courtesy: The Free Press Journal
Photo: The Times of India
File ITR By July 31 As There's No Extension By IT Department
The Income Tax Department asked all taxpayers to file their income tax returns (ITR) before July 31. With the Centre making it clear that it is not contemplating extending the deadline further. "Remember to e-verify after filing”, tweeted the IT Department. However, filing an income tax return is just half the work done, and you need to e-verify your ITR within 30 days of filing.
Tags: business, IT Department, taxpayers, Indian Business, No Extension
Courtesy: Live Mint
Photo: India Today
Apple Introduces 15-inch MacBook Air, Available From June 13
Apple introduced the 15-inch MacBook Air, with an expansive 15.3-inch Liquid Retina display, M2 chip, and up to 18 hours of battery life. The MacBook Air with M2 is available to order and will arrive to customers, and in Apple Store locations and Apple Authorized Resellers, from June 13. The 15-inch MacBook Air with M2, starts at Rs 134,900 and Rs 124,900 for education.
Tags: MacBook Air, Indian Business, Tech market, Apple, iPhones
Courtesy: Zee News India
Photo: India Today
Exchange Of Rs 2,000 Continues, SBI Collected Rs 17,000 Crore
The withdrawal of Rs 2,000 notes from circulation has been a ruckus for businessmen as they rush to banks for exchange. Despite a span of four months given by the Reserve Bank of India, the flow of money exchange continues. Notably, a considerable number of people are disposing of Rs. 2,000 notes. Furthermore, within a week, the State Bank of deposits and exchanged currency worth Rs 3,000 crore.
Tags: Bank, SBI, Indian Business, RBI, Rs 2000 Notes
Courtesy: The Free Press Journal
Photo: Business Line
HDFC Shares Increase By 3% With High Profit
Shares of housing finance major HDFC on May 4, climbed nearly 3 per cent after the firm reported a 20 per cent growth in standalone net profit for the March quarter. The stock advanced 2.64 per cent to finish at Rs 2,862.35 apiece on the BSE. During the day, it jumped 2.80 per cent to its 52-week high of Rs 2,867, confirmed the bank in a notification.
Tags: HDFC BANK, Shares, Bank, Indian Business, News 2023
Courtesy: Zee News India
Photo: News Click
Non-Tech Companies To Hire More Talent Amid Massive Layoffs
Over one million technology talent will be hired by non-technology industries like BFSI (banking, financial services, insurance), Consulting, Communication Media and Technology. Besides, Retail and Consumer Business, Life Sciences and Healthcare, Engineering Research and Development, and Energy and Resources also looking for hiring. In a report, 'Digital People Supply Chain Report - Tech in Non-Tech' for H1-2024, it is confirmed that unlike… read-more
Tags: LAYOFFS, New Hiring, Non Tech Company, Tech companies, Indian Business
Courtesy: The Free Press Journal
Photo: First Post
Despite Pandemic Ends Flying Is Expensive For People
Despite the end of the pandemic, flying and aviation are expensive for tourists and travelers. Here are some of the major reason behind the expensive flights, even after the aviation industry is back in business with full fledge. Notably, during the pandemic, to reduce the maintenance expense, the aviation industry, sold off some planes and laid off a bunch of staff, resulting in lack of resource.
Tags: Coronavirus Pandemic, Flying, civil aviation, Indian Business, Expensive Travel
Courtesy: NDTV
