The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said in a statement.
Backed by strong buying by foreign investors, investors on Dalal Street took the sensex to a new life-high on Friday for the third session this week. The sensex gained 803 points, or 1.3%, to close at 64,719. The high for the day was at 64,769 points, which was the all-time peak for the index.
The government has left interest rates on most small savings schemes unchanged, barring five-year recurring deposits, which will fetch 6.5% during the July-September quarter 30 basis points higher than the current level.
The income tax department on Friday said it will "duly consider" cases where linking of PAN with Aadhaar is yet to happen despite individuals giving their consent and having paid the fee. The last day for linking PAN with biometric Aadhaar on paying a late fee of Rs 1,000 is June 30, 2023. From July 1, 2023, PAN will become inoperative for individuals who have failed to link it with Aadhaar and TDS and TCS will be deducted at a higher rate.
With Friday being the last date for updating 50% of locker agreements, banks are urging customers to sign the new contracts. But lack of uniformity, even between branches of the same bank, is proving to be a hurdle.
The Enforcement Directorate (ED) arrested real estate company Supertech's chairman and owner R K Arora on money-laundering charges on Tuesday, official sources said.Arora was taken into custody under the criminal sections of the Prevention of Money Laundering Act (PMLA), following a third round of his questioning at the federal agency's office here, they said.
The Employees' Provident Fund Organisation on Monday extended by 15 days the last date for employees to opt for higher pension, till July 11.
During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products. In 2018, the US imposed an import duty of 25 per cent on steel products and 10 per cent on certain aluminium products on grounds of national security. In retaliation, India in June 2019 imposed customs duties on 28 American products.
NIIF is India’s first major attempt to develop a capital-raising structure on home soil, to tackle a shortfall in infrastructure spending. Investors include Abu Dhabi Investment Authority and Singapore’s Temasek Holdings Pte, according to its website.
PM Modi's visit to the US is being timed well with India's buzzing economy and equity benchmarks at record highs. The country's burgeoning consumer market and the pandemic-propelled retail investing boom have driven almost $10 billion in net foreign inflows into Indian stocks since March, making it the highest in any quarter since 2020.
The US state department is reportedly set to announce a pilot program that will allow a small number of Indians and other foreign workers on H-1B visas to renew them in the United States, without having to travel abroad. Indian citizens are the most active users of the US H-1B program, and made up 73% of the nearly 442,000 H-1B workers in FY2022.
Employees are suing Twitter over tens of millions of dollars in bonuses they say the social media company failed to pay despite promises it would.The lawsuit filed Tuesday in federal court in San Francisco claims that in the month's leading up to billionaire Elon Musk's acquisition of the company, executives including former finance chief Ned Segal “repeatedly” promised employees that 50% of their 2022 bonuses would be paid.
Apollo expands its Robotic Colorectal Surgery Programme across six cities- Chennai, Hyderabad, Bengaluru, Delhi, Mumbai and Vishakhapatnam. Apollo’s collective robotic colorectal experience has surpassed over 1000 procedures.
Edtech major BYJU's has laid off close to 1,000 employees across departments as part of its restructuring process, sources aware of the development said on Monday.The fresh round of firing comes at a time when the company has entered into a legal battle with lenders in the US for USD 1 billion term loan B.
Tata AIA Life Insurance has reported a multi-fold increase in net income at Rs 506 crore in FY23. The company had posted a net income of Rs 71 crore in the year-ago period.
Peak power demand is unlikely to touch or cross 229GW in summer this year due to unseasonal rains and the after-effects of cyclonic storm Biparjoy in the country, say industry experts.Indian Railways is gearing up to commence trial runs of short-distance Vande Metro trains in July, alongside the launch of the sleeper versi...
