Business

Indian Talent Key To Global Capability Centres Product Roadmap

BENGALURU: Global capability centres (GCCs) in India are building a product mindset that underscores collective ownership of solutions and greater accountability. As GCCs sharpen their product management playbook, they are augmenting their product teams by offering competitive salaries for roles across entry, mid, and senior levels. Historically, product manager...

Mar 26 · >

Lancet Projects Further Fall In India’s Fertility Rate, Raises Concern

NEW DELHI: Experts have raised concerns regarding the projected fall in India’s total fertility rate (TFR) in a recent study by Lancet on global fertility rates. The study suggests that India’s TFR, or the average number of children born to a woman, has been seeing a decline over the...

Mar 26 · >

Venture Capital Major Accel Aims To Invest In 25 Indian Startups

NEW DELHI: Accel, the early-stage venture capital major, is planning to make investments in as many as 25 Indian startups this year, and may launch an India-focused fund in the next couple of years, an executive at the firm said. The firm had made 17 investments in 2023 and...

Mar 26 · >

Services Inflation To Stay Muted For Now

NEW DELHI: India’s services inflation may remain muted for next few months and will witness a pickup in second half only, economists said, thus helping curb core inflation. “There may be some more downside to services inflation, but a mean reversion or normalisation will happen in the second half...

Mar 26 · >

IRDAI Retains Existing Surrender Value Norms After Pushback From Industry

NEW DELHI: The Insurance Regulatory and Development Authority of India (IRDAI) has retained the existing surrender values for life insurance policies, following concerns raised by life insurers, according to the gazette notification issued later last week. The regulator also permitted sale of Index Linked Insurance Products, where the Net...

Mar 26 · >

Income Tax Dept Sets High-Risk Value Assessment Guidelines For Updated ITRs, AY 2021-22 Filing Deadline March 31

NEW DELHI: The Income Tax Department has finalized guidelines for assessing or re-assessing of high-risk value in updated Income Tax Returns filed for Assessment Year 2020-21 (Fiscal Year 2019-20). Meanwhile, the last date to file an updated Income Tax Return for Assessment Year 2021-22 is March 31. Based on...

Mar 26 · >

RBI To Conduct Special Audit Of IIFL Finance, JM Financial Products

NEW DELHI: IIFL Finance Ltd and JM Financial Products Ltd (JMFPL) will undergo a special audit to further probe their regulatory breaches, as the Reserve Bank has initiated the process for the appointment of auditors. The Reserve Bank has floated two separate tenders for the appointment of auditors for...

Mar 26 · >

Auto Players Line Up Array Of New EV Models In Coming Years

NEW DELHI: The Indian auto industry is gearing up to roll out an array of electric vehicle models over the next few years amid a renewed push by the government to encourage environment-friendly mobility solutions with the unveiling of a new policy. Mass market players like Maruti Suzuki, Hyundai,...

Mar 26 · >

Miners Urge Centre Not To Impose Export Duty On Low Grade Iron Ore

NEW DELHI: Miners’ body FIMI has urged the government not to impose any export duty on low-grade iron ore, stating that any such move would cause a significant loss of state revenues and employment and also affect foreign exchange earnings. In a representation to the government, the Federation of...

Mar 26 · >

FPIs Infuse Over Rs 38,000 Crore In Equities In March

NEW DELHI: FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook. The investment came following a modest investment of Rs 1,539...

Mar 26 · >
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