ITC Ltd’s board has recommended the re-appointment of Sanjiv Puri as the company’s chairman & managing director for a period of five years, effective 22 July, 2024.
Puri, 60, was appointed as chief executive officer in February 2017 and re-designated as the managing director in May 2018.
India’s direct tax collection soared 16 per cent to touch Rs. 4.75 trillion this finacial year, showing continuity in revenue growth despite external headwinds.
It said that the numbers so far “continue to register steady growth.” On a gross basis, collection from direct taxes, which includes income and corporation taxes, grew 14.65 per cent to Rs. 5.17 trillion.
A total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021, the UN said
It said that 25 countries, including India, successfully halved their global MPI values within 15 years, showing that rapid progress is attainable. These countries include Cambodia, China, Congo, Honduras, India, Indonesia, Morocco, Serbia, and Vietnam.
Max Life Insurance has partnered with DCB Bank to provide a variety of life insurance products to the latter’s customers.
Term, savings, and retirement plans will be offered under this partnership.
DCB Bank is a private sector bank. It has 427 branches across India
Citi has announced the launch of a new platform, CitiDirect Commercial Banking, specifically to address the needs of Citi Commercial Bank (CCB) clients.
This is part of Citi’s strategic investment plan to meet these clients’ growing global needs to deliver a single entry point digital platform.
International Financial Services Centers Authority (IFSCA) and IIML-EIC, have signed a MoU at IIM (Indian Institute of Management) Lucknow EIC, Noida campus in Uttar Pradesh.
This MoU aims to put in place a framework for cooperation and understanding between IFSCA and IIML- EIC to collaborate in supporting and facilitating FinTech and TechFin entities.
The Uttar Pradesh government approved two 'Obra D' thermal power projects of 800 MW each to be built at the cost of Rs 18,000 crore in Sonbhadra's Obra, a move aimed at providing cheaper electricity to the people of the state.
The projects will be executed by the government with a 50:50 partnership with central government-owned power generator NTPC.
'Obra D' thermal power plants will be the first ultra super critical unit in the state.
Larsen & Toubro said it has signed the Master Shipyard Repair Agreement with the US Navy to further strengthen the partnership between the two countries in the defence sector.
This agreement will serve to strengthen two nations' strategic partnership and contribute to a free and open Indo-Pacific.
RBI Deputy Governor T Rabi Sankar said the RBI is aiming to increase the number of Central Bank Digital Currency (CBDC) to 10 lakh per day by the end of 2023.
At present, the number of CBDC or e-rupee transactions stands at about 5,000 to 10,000 a day.
In November last year, the RBI introduced a wholesale CBDC pilot and followed it up with a retail pilot in December.
At present the number of banks in the pilot has gone up to 13 from eight banks initially
Sri Lanka spinner Wanindu Hasaranga and Australian women's team all-rounder Ashleigh Gardner were on Tuesday named ICC's 'Player of the Month' for their impressive performances in June. Hasaranga clinched the award following his record-breaking feats at the World Cup Qualifier games in Zimbabwe.
India now has 36 DGCA-approved frying schools. The Directorate General of Civil Aviation (DGCA)recently gave its nod to EKVI Air Training Organization Pvt. Ltd. will be based at Salem Airport. This will be the first flying training organization (FTO) in Tamil Nadu.
The 50th GST Council has recently concluded in New Delhi. A 28% GST rate has been levied on the full value of gaming, horse racing, and casinos which comes as a drawback to online gaming companies. Further, the council members exempted GST on key import of pharma products like cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP).