Ahead of the festive season, several passenger and commercial vehicle manufacturers have agreed to offer discounts of 1.5-3 per cent on new vehicle purchase against scrapped old vehicles after a meeting with Union Minister Nitin Gadkari, an official statement said on Tuesday. The statement further said Mercedes Benz India has offered a flat discount of Rs 25,000, which will be over and above all existing discounts. Union Road Transport and Highways (RT&H) Minister Nitin Gadkari on Tuesday chaired a meeting with the SIAM delegation at Bharat Mandapam, where he addressed pressing issues in the automobile industry.
The postponement comes two days after the National Testing Agency cancelled the UGC-NET examination within 24 hours of its conduct, saying the integrity of the exam had been compromised.
Vidhya Pant remembers the Diwalis celebrated in her home in Shillong in the 1960s.
The Enforcement Directorate has issued a 'Look Out Circular' against Pune-based stud farm owner Hasan Ali Khan, accused of stashing black money abroad, to prevent his escape from the country.
The Directorate General of Civil Aviation (DGCA) has come out with a fresh circular making it clear that "in case the airline is compelled to operate a particular flight with a higher capacity aircraft, it shall be ensured that the capacity is restricted to that of the original aircraft".
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.
'Splitting must result in tangible benefits for the customer, otherwise it will only mean more work for them in maintaining the policy and for their nominees.'
Pradeep Nakhwa, the husband of Kaveri Nakhwa who was killed in BMW car hit-and-run incident in Mumbai, on Monday demanded stringent punishment for the driver, saying his wife could have been saved if he had stopped the car.
Delhi Chief Minister Arvind Kejriwal on Sunday came under sharp attack for his government's controversial circular threatening action against the media for any defamatory news.
The searing heat pushed the city's peak power demand to its highest for May, while the Delhi government directed the schools that have not closed for summer vacations to do so with immediate effect.
In view of the rising number of mobile and internet banking users, the Reserve Bank of India (RBI) has proposed to tighten norms related to the liquidity coverage ratio (LCR) by increasing the run-off factor for retail deposits. "Banking has undergone rapid transformation in recent years. "While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks, requiring proactive management," the RBI said in the draft guidelines released on Thursday.
The bench was hearing a Public Interest Litigation (PIL) challenging the State Government's decision to retrospectively reduce the rate of police protection provided during the IPL matches. The PIL was filed by RTI Activist Anil Galgali.
The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31.
It said Delhi is facing an unprecedented heatwave with temperatures hovering around 50 degrees Celsius in some parts for the first time in the city's history.
The Reserve Bank on Thursday tightened norms for consumer credit as it asked banks and NBFCs to assign a higher risk weight for unsecured personal loans, a move aimed at making the lenders more cautious on such advances. The risk weight on unsecured consumer loans has been raised by 25 percentage points. The new regulations, however, will not be applicable on housing loans, education loans, vehicle loans and loans secured by gold and gold jewellery, the Reserve Bank said in a circular.
A bullet each hit Singh in the head and near the chest. Singh was rushed to a private hospital, police said. He is currently out of danger.
Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions and reduced hedging costs. Indian companies raised ~32,619 crore through overseas bonds in the first half of 2024, surpassing the total amount raised via such instruments in the entire 2023, which stood at ~31,218 crore, according to PRIME Database. In comparison, ~45,237 crore was raised in 2022 and ~1.05 trillion was secured in 2021.
The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism framework designed to curb such market abuses. This framework, approved by the Sebi board in April, was slated to take effect six months after its notification. But, recent developments have set the wheels of regulation turning faster.
Strict screening protocols are to be implemented for passengers arriving from central African countries affected by the outbreak.
Have you wondered how many days of work -- depending on your net monthly income -- you would have to put in to buy the top-end iPhone 16 Pro?
Mumbai police on Monday said Rajesh Shah, father of absconding prime accused Mihir Shah in the BMW hit-and-run case, instructed the latter to escape from the spot after the incident, in which a woman was killed and her husband injured.
Karnataka Home Minister Dr G Parameshwara on Thursday said a lookout circular has been issued to arrest Hassan Janata Dal-Secular MP Prajwal Revanna who is facing allegations of sexually abusing women.
The Directorate General of Civil Aviation (DGCA) on Tuesday issued specific measures for aviation sector players to mitigate the risk of runway incursions at Indian airports. The measures include activating stop bars by Air Traffic Controllers (ATC) to inform aircraft when not to proceed, establishing contingency plans in case stop bars malfunction, establishing runway safety teams at airports, and conducting comprehensive training programs for pilots, ATC personnel, aircraft maintenance engineers, and airport drivers.
Unnecessary victimisation may "reflect in the bilateral relations", the Bombay high court said on Thursday while ordering the authorities to issue exit permit to a Chinese woman who was acquitted in a gold smuggling case yet could not leave India.
A child who is less than 12 years of age must be allotted a seat beside at least one parent or a guardian with whom he is travelling, the Directorate General of Civil Aviation (DGCA) told airlines on Tuesday. The DGCA has said that the air transport circular on unbundling of services and fees by scheduled airlines is being modified. It allows airlines to charge for excess baggage, preferential seats, meals, snacks, drinks, and carriage of musical instruments.
Software association Nasscom has said the final circular on taxation of ITeS-BPO companies should be more explicit and clear about the 'arm's length principle' to remove uncertainties from the mind of foreign investors.
Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.
The Indian Space Research Organisation (ISRO) successfully launched its third and final developmental flight of Small Satellite Launch Vehicle here on Friday whose payloads can be used in applications like satellite-based surveillance, disaster and environmental monitoring, fire detection, volcanic activity among others.
The Ministry of Youth Affairs and Sports on Friday claimed that it sent the Arjuna awards circular and proforma to the Board of Control for Cricket in India on January 27.
'We were not protesting for a wage hike or provident fund. We were protesting for the safety of the larger population. There is no personal gain.'
Keeping surplus money in a bank account has become perilous, alerts Harsh Roongta.
Mumbai police on Tuesday arrested Mihir Shah, two days after the 24-year-old allegedly rammed his BMW car into a two-wheeler, killing a woman and leaving her husband injured.
Mumbai police formed 11 teams and also roped in the Crime Branch to nab the 24-year-old son of a ruling Shiv Sena leader after a BMW car the youth was driving crashed into a scooter, killing a woman and injuring her husband, an official said.
Union Road Transport and Highways Minister Nitin Gadkari on Monday said the country needs 1,000 vehicle scrapping centres and 400 automated fitness test centres. Launching 'DigiELV', Gadkari said the road ministry has so far approved 85 vehicle scrapping facilities across the country. "We need 1,000 vehicle scrapping centres in the country and at least 400 automated fitness test centres," he said.
Now, the total number of MPs suspended for the remainder of the Winter Session of Parliament stands at 14 -- 13 from the Lok Sabha and one from the Rajya Sabha.
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
Clarifies 'profit-split' will not be only method to compute tax
Exchange-traded currency derivatives volumes are likely to drop in view of new Reserve Bank of India (RBI) rules, casting a cloud over further participation of retail investors and proprietary traders. There are concerns that existing positions without any underlying exposure will need to be liquidated. Also, weighed down by dollar demand from local oil companies and weakness in its Asian peers, the rupee on Wednesday (April 3) ended at a new closing low of 83.44 versus the US currency.
The city police probing the murder of Navi Mumbai-based builder SK Loharia, has issued a Look Out Circular against two wanted accused as it suspects that the duo may escape the country.
The 'gag order' was one of the crucial issues on which a section of its employees went on a flash strike on Tuesday, disrupting Air India's flight schedules.
