The IT integration of recently amalgamated Regional Rural Banks (RRBs) under the ‘One State One RRB’ framework is likely to be completed by September 30, Nabard Chairman Shaji KV said on Monday.Speaking at a CII event, Shaji said the RRB amalgamation exercise, which took effect on May 1, aimed at enhancing scale efficiency and cost…
Wall Street started the week on a cautious note, opening lower on Monday as investors grew jittery ahead of a July 9 tariff deadline set by the Trump administration. The S&P 500 fell 0.4%, the Dow Jones Industrial Average dropped 102 points (0.3%), and the Nasdaq Composite lost 0.6% in early trading.The pullback came as…
In a significant move aimed at strengthening the Unified Pension Scheme (UPS), the Finance Ministry has extended income tax benefits currently available under the National Pension System (NPS) to the newly introduced UPS. A government release said, “In a bid to provide further impetus to the UPS, the Government has decided that tax benefits as…
This is an AI-generated image, used for representational purposes. The Indian government is drafting a fresh strategy to promote domestically-flagged ships, after its current Rs 1,624 crore scheme launched in FY22 has fallen short of its objectives. The scheme, which aimed to raise India’s share of EXIM cargo carried by Indian ships, has not had…
This is an AI-generated image, used for representational purposes only. Dreaming of working abroad or taking a break for a long spell overseas? Before you pack your bags, be warned, not all destinations are kind to your wallet. Some countries may offer postcard views and high standards of living, but they come with a hefty…
This is an AI-generated image, used for representational purposes only. Institutional investments into India’s real estate sector surged to $1.80 billion in the second quarter of 2025, marking a sharp 122 per cent rise over the previous quarter, according to a new report by real estate consultancy firm Vestian. The rebound was led largely by…
French tech giant Capgemini on Monday announced its acquisition of business process services (BPS) provider WNS for $3.3 billion in cash, a strategic move aimed at creating a global leader in AI-powered business operations. As per the news agency AFP, the deal, unanimously approved by both companies’ boards, values WNS at $76.50 per share, a…
The Indian Staffing Federation (ISF) has called on the finance ministry to reduce the Goods and Services Tax (GST) rate on employment services from 18 per cent to 5 per cent, arguing that the move would significantly accelerate formal job creation and improve competitiveness in key sectors.In a letter submitted to minister of state for…
This is an AI-generated image, used for representational purposes only. The National Payments Corporation of India (NPCI) has secured a landmark land deal in Mumbai’s Bandra-Kurla Complex (BKC), acquiring nearly 1.5 acres from the Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 829.43 crore to establish its global headquarters.Finalised on June 18, the transaction grants…
Top stocks to buy or sell (AI image) Nuvama has downgraded its rating on Trent to hold from buy and cut its target price to Rs 5,884 from Rs 6,627. The analysts believe Trent Hypermarket (Star Bazaar) can become bigger than Westside and Zudio given the size of the food industry. Star Bazaar is focused…