The Comptroller and Auditor General ( CAG) has asked the Finance Ministry to consider having an online system for processing customs refunds along the lines of the GSTN system to make it more efficient. The official auditor has also flagged ‘inordinate delays’ in the implementation of the module for daily updation of exchange rate and asked to make the system… Continue reading CAG asks Finance Ministry to put in place online Customs refund system
Author: Tony Mash
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US debt crossing ‘Lakshman Rekha’ trigger storms
The IMF projected global growth to decelerate from 3.4 % in 2022 to 2.8 % in 2023 with risks heavily skewed to the downside and high chances of a hard landing. Growth could remain at 3% in 2024-28. Anaemic growth in 2023 stems from aggressive monetary policy to curb inflation, the impact of deteriorating financial… Continue reading US debt crossing ‘Lakshman Rekha’ trigger storms
India’s first bank to provide 24×7 video banking service. Check details
‘AU Small Finance Bank’s foray into round-the-clock Video Banking represents a paradigm shift in modern banking. Even on holidays and weekends, AU’s dedicated team would ensure face-to-face, human-centric interactions, underscoring the bank’s commitment to enhancing nationwide banking experiences. We empower our customers in this digital epoch by elevating accessibility and convenience to unparalleled heights,’ said… Continue reading India’s first bank to provide 24×7 video banking service. Check details
Honda Cars India and Bajaj Finance join hands to offer easy car finance schemes
Honda Cars India Ltd. (HCIL) has joined hands with Bajaj Finance Ltd., a leading financial services group in India, to offer easy and affordable finance options for its customers. The partnership will enable Honda customers to buy Honda Amaze, Honda City and the upcoming new SUV; Honda Elevate with attractive car finance schemes. The partnership aims… Continue reading Honda Cars India and Bajaj Finance join hands to offer easy car finance schemes
Power Finance Corporation board to consider bonus issue, dividend on August 11
The board of Power Finance Corporation will consider a proposal for issue of bonus shares to its investors on August 11. The company will also announce its results on the same day. ‘The Board of PFC will also be considering a proposal for issue of bonus shares to the equity shareholders of the company in the ratio,… Continue reading Power Finance Corporation board to consider bonus issue, dividend on August 11
RBI policy: How the Indian stock market is expected to react tomorrow
Experts believe the RBI will maintain a status quo on rates and stance on August 10. According to a Mint survey of 10 economists, RBI MPC is likely to leave interest rates and policy stance unchanged at its meeting this week. All economists expect MPC to keep the repo rate unchanged at 6.5 per cent… Continue reading RBI policy: How the Indian stock market is expected to react tomorrow
Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
Asian shares mostly fell Wednesday after worries about the U.S. banking system set off a decline on Wall Street and amid concerns closer to home about Chinese economic growth. Japan’s benchmark Nikkei 225 lost 0.2% to 32,323.31 in morning trading. Australia’s S&P/ASX 200 was virtually unchanged, edging up less than 0.1% to 7,316.60. South Korea’s… Continue reading Stock market today: Asia shares mostly decline after Wall Street slide on bank worries
IRCON shares hit a record high after strong Q1 results
IRCON shares have witnessed a sharp upmove this year. IRCON stock price has jumped 80% YTD, while it has rallied more than 172% in the last one year. The state-run engineering and construction firm IRCON International posted a net profit of ₹187 crore for the quarter ended June 2023, recording a growth of 29.6% compared… Continue reading IRCON shares hit a record high after strong Q1 results
Moody’s downgrades credit ratings for 10 US banks, more cuts likely
Moody’s Investors Service cut credit ratings for 10 small and midsize US banks and placed some major lenders including M&T Bank Corp., Webster Financial Corp., BOK Financial Corp., Old National Bancorp, Pinnacle Financial Partners Inc., and Fulton Financial Corp. The rating agency also adopted a ‘negative’ outlook for 11 lenders, including PNC Financial Services Group,… Continue reading Moody’s downgrades credit ratings for 10 US banks, more cuts likely
US stock market: Dow Jones, S&P 500 regain ground as US inflation report nears
U.S. stocks finished higher on Monday, regaining some of the ground lost last week, as investors added positions ahead of Thursday’s highly awaited U.S. inflation report. The main stock indexes ended last week lower as investors took profits after months of gains due to worries over economic data, mixed earnings and rising Treasury yields. U.S.… Continue reading US stock market: Dow Jones, S&P 500 regain ground as US inflation report nears