Irrespective of the global movement, gold prices in India are nearing the level of Rs 34,000 per 10 grams in the physical markets.
Ola founder and chief executive officer (CEO) Bhavish Aggarwal will step back from day-to-day operations to focus more on engineering functions, team building, and products, apart from focusing on long-term strategic projects, such as two-wheelers, cars, and innovations in quick commerce and international expansion. "I'll be spending more time with all engineering functions, team building, and on products," said Aggarwal in an internal note, adding, "I'll also be increasing my focus on our longer-term strategic projects, including new two-wheeler products, our car project, innovations in quick commerce, electrifying ride-hailing, our cell research and development (R&D), international expansion, building our Pune technology (tech) centre, and Futurefoundry UK." To drive scale, speed, and quality, Aggarwal said he is expanding Ola Group's chief financial officer (CFO) G R Arun Kumar's role to help him steer 'day-to-day operations' across the group.
'We are offering one year of free music and three months of free movies to a million users through MIUI8.'
The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions is mandatory for companies with turnover of over Rs 500 crore from October 1. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said e-invoicing will be extended to businesses with a turnover over Rs 100 crore from January 1.
Real estate loans could become NPAs for banks.
I was offered Delhi CM's post or face jail term, Sisodia said.
The Allahabad high court, in its judgment of 2010 on four civil lawsuits, had partitioned the 2.77-acre disputed land in Ayodhya equally among the three parties -- the Sunni Waqf Board, the Nirmohi Akhara and Ram Lalla.
The match was over as a contest after Jharkhand scored a mammoth 880 in their first innings - the tournament's fourth highest score on an Eden Gardens belter against a Nagaland attack in which five out of seven bowlers were hit for a not-so-pleasing "hundred".
Dealers are selling gold at a discount of Rs 175 for 10 gm.
Arjun wants all his friends to see India's Most Wanted.
Justices Dilip B Bhosale, Pradip Kumar Mohanty, Abhilasha Kumari and Ajay Kumar Tripathi have been appointed as judicial members in the anti-corruption ombudsman.
Easier dilution norms for mega initial public offerings (IPOs) have come into effect. Companies with post-listing market capitalisation (m-cap) of more than Rs 1 trillion will not be required to dilute a minimum of 10 per cent. The move to relax dilution norms is seen as a precursor to Life Insurance Corporation's IPO. The central government has said companies with an m-cap exceeding Rs 1 trillion will have to dilute Rs 5,000 crore and at least 5 per cent of their m-cap. Experts said the earlier framework discouraged large companies from listing since they were forced to offload a large volume of shares during the time of their IPO.
IMAGES from Day 2 of the Ranji Trophy final played between Mumbai and Madhya Pradesh at M Chinnaswamy Stadium in Bengaluru on Thursday.
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
IMAGES from the Ranji Trophy final between Mumbai and Madhya Pradesh on Day 1 at M.Chinnaswamy Stadium in Bengaluru on Wednesday.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
FB deal puts RIL on course to be debt-free next year; Reliance Retail biggest gainer from WhatsApp, JioMart arrangement.
"If the direction of satellites to Mars and Moon can be controlled from the earth, then why can't EVM be hacked," Udit Raj said in a tweet in Hindi. "If elections were held in America with EVMs, could Trump have lost," he asked.
Anil Kapoor and his wife Sunita invited the pretty ladies of Bollywood to their home to celebrate Karva Chauth.
Several promoters of suspended companies have floated new entities or taken board seats in other listed companies, which are functional, trading
Xiaomi plans to bring global component suppliers to India and this could potentially bring investment of at least Rs 15000 crore
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
*Everyone* in Bollywood celebrated the man who has become such an integral part of the industry.
At least 12 passengers were killed and two others missing after a Maharashtra state transport bus fell into the Narmada river from a bridge in Madhya Pradesh's Dhar district on Monday, officials said.
Two Hindu organisations, Hindu Sena and Hindu Front for Justice, have moved the Supreme Court seeking to intervene as parties in a pending plea in which notices have been issued to the Centre and others on allegations of hate speeches made against the Muslim community at Haridwar and New Delhi.
The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
SBI, the country's largest lender, first announced a rate cut of 0.25 per cent in its home loan rates on Thursday, forcing HDFC, the second biggest home loan financier, to respond.
The Election Commission is considering advancing the polls by a month to avoid the May heat, reports R Rajagopalan.
In the previous fiscal year, he drew a Rs 15 crore salary from the company -- the same as in the previous 11 years.
The hits and misses of the week.
RBI, in its first bi-monthly monetary policy statement, left the short-term lending rate, or repo rate, unchanged at 8 per cent and the cash reserve ratio static at 4 per cent.
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The move is seen as a gamechanger in guarding the strategically important Indian Ocean Region.
The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand and also improve sentiments in the sluggish property market.
A dedicated physical gold exchange could lead to standard gold pricing in India.
Traders said sentiment turned distinctly weak after gold prices slumped in global markets as Swiss voters rejected a plan for their central bank to accumulate bullion and oil extended its decline to five-year low, curbing demand for the precious metal.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
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