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20.6 Lakh New Workers Enrolled Under ESI Scheme in September

19 Nov 2024 19:55 PM IST

The Employees’ State Insurance Corporation (ESIC) added 20.58 lakh new employees to its workforce in September 2024, according to provisional payroll data released by the Ministry of Labour and Employment. This surge in enrolments highlights a robust expansion in social security coverage across the nation. Over 23,000 New Establishments Brought

GST on Batteries and Charging Infrastructure Should Be Reduced to 5% to Lower Costs

19 Nov 2024 17:28 PM IST

Sulajja Firodia Motwani, founder and CEO of Kinetic Green Energy and Power Solutions, and Chair of FICCI’s Electric Vehicle Committee, has called for a reduction in the Goods and Services Tax (GST) on batteries and charging infrastructure from the current 18% to 5%. This move, she argues, would make electric

Sensex Gains 239 Points After 7-Day Slump

19 Nov 2024 16:42 PM IST

An important takeaway from the recent market trend is that a quick and sharp recovery is not in sight.

NTPC Green Energy IPO Opens Today With Price Band of Rs 102-108

19 Nov 2024 14:35 PM IST

The Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Ltd, launched for subscription today, Tuesday. This IPO, aimed at raising ₹10,000 crore, will remain open for subscription until Friday. NGEL, which is part of the state-owned NTPC Ltd, is offering shares at a price

WhatsApp Faces Rs 213 Crore Fine, Meta to Appeal

19 Nov 2024 11:24 AM IST

Meta, the parent company of WhatsApp, disagrees with the Competition Commission of India’s (CCI) decision to impose a Rs 213.14 crore fine. This penalty follows WhatsApp’s privacy policy update in 2021. Meta plans to appeal the decision. Meta’s Response to the Fine A Meta spokesperson clarified that the 2021 update

Indian Stock Indices Continue Slump, Marking Seventh Consecutive Loss

18 Nov 2024 17:32 PM IST

Benchmark stock indices in India continued their downward trend on Monday, with the Sensex and Nifty marking their seventh consecutive session of losses and hitting new multi-month lows. The Sensex closed at 77,339.01 points, down 241.30 points or 0.31%, while the Nifty finished at 23,453.80 points, a decline of 78.90

8th Pay Commission: Expected Timeline, Salary Hikes, DA Changes, and Key Details

18 Nov 2024 16:30 PM IST

Central government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission, as the current 7th Pay Commission approaches the end of its 10-year cycle in January 2026. Over one crore employees and pensioners have been advocating for a new commission to address rising inflation and ensure

Gujarat Govt Acknowledges Role of Cooperative Societies in National Development

18 Nov 2024 16:02 PM IST

The ongoing celebrations of Rashtriya Sahakar Saptah, observed from November 14 to 20, have brought renewed focus on the pivotal role cooperative societies play in the development of both Gujarat and the nation. Among the key institutions, Gujarat’s Amul has emerged as a global benchmark for excellence in the cooperative

What Is It Kimchi Premium? What Are Its Legal Implications?

18 Nov 2024 14:46 PM IST

Crypto trading remains a niche activity globally, largely attracting individuals with a high tolerance for risk. However, it has gained significant popularity in South Korea, where the volume of cryptocurrency trades has surpassed that of equities on the Kospi, the country’s main stock index. Due to strict currency controls and

CRISIL Report: Surplus in Services Trade and Remittances May Shield India from U.S. Tariff Hikes

18 Nov 2024 14:27 PM IST

A recent report by CRISIL suggests that India’s strong surplus in services trade and robust remittances inflow could help mitigate the potential impact of proposed U.S. tariff hikes under President-elect Donald Trump. While these tariffs pose risks to India’s export sector, the report highlights several factors that may provide resilience

SBI to Open 500 New Branches in FY 2025: FM Sitharaman

18 Nov 2024 13:52 PM IST

State Bank of India (SBI), the country’s largest public sector bank, plans to open 500 new branches in the financial year (FY) 2025, Union Finance Minister Nirmala Sitharaman announced on Monday. The declaration came during the centenary celebration of the SBI Mumbai main branch building, where the Finance Minister commended

Sensex, Nifty Dip Amid Ongoing Market Bloodbath: Key Takeaways for Investors

18 Nov 2024 12:09 PM IST

The stock market continues to slide, with the Sensex and Nifty experiencing significant corrections, dropping over 10% from their recent highs. This marks the steepest correction in four years, and investors are left wondering if the market has bottomed out or if more losses are ahead. Key Points to Know: