NEW DELHI: The Ministry of Finance on Saturday revealed that the Unified Payments Interface (UPI) completed 15,547 crore transactions between January and November 2024. These transactions amounting to Rs 223 lakh crore reflect UPI’s transformative impact on financial transactions across India.UPI is driving a global revolution, not only expanding across international markets but also positioning…
From Excess Fees to Dropouts: How Karnataka Can Transform Its Education System The Covid-19 pandemic wreaked havoc on education systems around the world, and Karnataka was no exception. A recent report from the Comptroller and Auditor General (CAG) revealed alarming findings regarding the state’s private schools overcharging students, exacerbating the challenges faced by already struggling…
NEW DELHI: In a seamless coordinated effort, the fourth and last National Lok Adalat for this year, organised by National Legal Services Authority (NALSA), settled 1.45 crore cases, and importantly, prevented 1.22 crore fresh cases entering the system, which is already groaning under a monstrous pendency of 4.65 crore cases.Working with the motto ‘Resolving Disputes,…
BENGALURU: Bengaluru-based BlueStone Jewellery and Lifestyle, which offers contemporary diamond, gold, platinum, and studded jewellery under an eponymous brand, on Thursday filed for an initial public offering to raise Rs 1,000 crore ($118 million as per current exchange rates).The IPO also included an offer-for-sale (OFS) component for BlueStone’s investors Accel India, Saama Capital, Kalaari Capital…
Mumbai court approves sale of Mehul Choksi’s assets worth Rs 2,565.90 crore A Mumbai court has approved the sale of assets worth Rs 2,565.90 crore ($312 million USD) seized from Mehul Choksi, a key figure in the Punjab National Bank (PNB) fraud case. This move aims to compensate victims of the fraud. Over ₹125 crore…
HYDERABAD: Axis Bank officials from Begumpet branch in Hyderabad are accused of allegedly siphoning off Rs 6.5 crore from account of a man of Indian origin living in New South Wales, Australia.Police said the cash was allegedly siphoned off over past two years from the premium account of Paritosh Upadhyay, an overseas citizen of India…
Telangana bags fresh manufacturing investments worth Rs 7600 crore HYDERABAD: Telangana has clinched fresh manufacturing investments worth nearly Rs 7600 crore with the potential to create around 5200 jobs in sectors such as aerospace & defence, electronics and energy storage, as well as eyewear manufacturing.Four MoUs were inked with eyewear player Lenskart, renewable energy and…
NEW DELHI: Foreign investors have made a strong return to Indian equities, with a net investment of Rs 24,454 crore in the first week of December, driven by stabilizing global conditions and expectations of potential US Federal Reserve rate cuts. This recovery follows the largest outflow ever recorded in the last two months, with foreign…
HYDERABAD: Eyewear major Lenskart is investing Rs 1500 crore in setting up what is touted as the world’s largest eyewear manufacturing factory in Telangana.The facility will make eyewear, lenses, sunglasses as well as accessories and other products catering to the India as well as exports to other markets in South East Asia and the Middle…
NEW DELHI: Last week, Dalal street gained a positive momentum as the overall market valuation of six of the top-10 most-valued companies soared by Rs 2,03,116.81 crore, with Tata Consultancy Services and HDFC Bank leading the gains. The BSE benchmark also rose by 1,906.33 points (2.38 per cent), while the NSE Nifty increased by 546.7…