The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the incentive scheme for low-value BHIM-UPI transactions with an estimated outlay of Rs 1,500 crore. MUMBAI: The Union cabinet on Wednesday approved an incentive scheme to promote low-value BHIM-UPI transactions, focusing on payments made to merchants. The Rs 1,500 crore initiative, running from…
(Image credits: KPI Green Energy) NEW DELHI: KPI Green Energy announced on Wednesday that it has secured a Rs 272 crore loan from the National Bank for Financing Infrastructure and Development (NaBFID) to partly fund its 50 megawatt (MW) hybrid power project in Bharuch, Gujarat, news agency PTI reported.“The company has received a final sanction…
File photo: AAP leader Satyendra Jain (Picture credit: ANI) NEW DELHI: The Delhi government‘s Anti-Corruption Branch (ACB) has registered a case against Aam Aadmi Party (AAP) leader and former public works department (PWD) minister Satyendra Jain over alleged corruption in a Rs 571 crore CCTV project, officials confirmed on Wednesday.As per ANI, the case revolves…
Market analysis indicated oversold conditions, leading to an expected upward correction. Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, rallied strongly in trade on Tuesday. While BSE Sensex crossed 75,300, Nifty50 went above 22,850 intraday. BSE Sensex ended the day at 75,301.26, up 1,131 points or 1.53%. Nifty50 closed at 22,834.30,…
NEW DELHI: SpiceJet founder-promoter Ajay Singh will raise his stake in the airline from 29.1% to 33.5% by infusing Rs 294 crore through Spice Healthcare (a promoter group company). This funding will happen through the conversion of 13.1 crore warrants into an equivalent number of equity shares. The airline said Singh is disposing up to…
India’s net direct tax collections have surged by 13.13% to over Rs 21.26 lakh crore so far this fiscal year, according to government data released on Monday. This growth is largely attributed to higher advance tax collections, with the government collecting Rs 10.44 lakh crore from four instalments of advance tax, compared to Rs 9.11…
MUMBAI: Bombay high court has sought the railway minister’s decision on paying a final claim settlement of Rs 5cr to a woman, now 25, left in a persistent vegetative state following her May 28, 2017 accident at Marine Drive. Nidhi Jethmalani (then 17) was on her way to KC College when she was knocked down…
NEW DELHI: The Shri Ram Janmabhoomi Teerth Kshetra Trust has paid around Rs 400 crore in taxes to the government over the past five years, trust secretary Champat Rai said on Sunday. He said that the amount was paid between February 5, 2020, and February 5, 2025.Of the total amount, Rs 270 crore was paid…
BHUBNESHWAR: In a major relief for investors swindled by Rose Valley chit fund scheme, a PMLA court in Bhubaneswar on Thursday ordered the reimbursement of Rs 332 crore to victims in Odisha.“The special court has released Rs 332 crore of proceeds of crime for restitution to lawful investors,” an Enforcement Directorate official said.ED’s Bhubaneswar division…
MUMBAI: CBI searched the premises of a retired official of National Company Law Tribunal (NCLT) in a case where a legal firm is accused of accepting a bribe from an NCLT litigant for a favourable order. The initial demand was Rs 1.5 crore for influencing NCLT members, which was reduced to Rs 1 crore after…