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MUMBAI: In 2023-24, banks reported the lowest amount involved in frauds in 10 years. The average amount per fraud was the lowest in 16 years. In the first half of FY25, however, there has been an 8x increase in the fraud amount to Rs 21,397 crore.The fraud numbers are based on the date of reporting….
World Bank chief economist Indermit Gill believes there are several things going for India – from the demographics to geopolitics and from a large domestic market to low debt levels in the private sector. He tells TOI in an interview that India should seek to push its potential growth from 6% to 8% by focusing…
Axis Securities has a ‘buy’ recommendation on V-Mart Retail with a target price of Rs 4,180 (+8%). Analysts said that the value retailer’s losses from Limeroad’s acquisition are reducing while its new store additions are on track. It’s also redefining affordable fast-tracking fashion for Gen-Z while footfalls in its stores are expected to go up.Yes…
NEW DELHI: Japanese companies Honda and Nissan’s plans to merge operations in view of tough business challenges may not only impact their global operations but may prove to be a tough road to navigate in India, especially in view of their independent large production set-ups and presence of Renault of France as an alliance partner…
NEW DELHI: Centre’s decision to levy different tax rates on popcorn based on whether it contains sugar or salt has faced extensive backlash on social media, with two former government economic advisers criticising the taxation framework established in 2017.The GST Council, led by the finance minister Nirmala Sitharaman, issued a order on Saturday announcing 5%…
Indian Railways is also developing domestic manufacturing capabilities for bullet trains. (AI image for representative purpose) India’s first bullet train design: India and Japan are close to finalising the design specifications for bullet trains on the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Corridor, which will facilitate the tender process.The Japanese Shinkansen trains are undergoing modifications to suit…
MUMBAI: Rohan Mirchandani, co-founder at yoghurt brand Epigamia, passed away on Dec 21 at the age of 42 due to a sudden cardiac arrest, the company said in a statement.Mirchandani, an alumni of The Wharton School and NYU Stern School of Business, set up Epigamia parent Drums Food International in 2013. He introduced the flavoured…
JAISALMER: Cigarettes could be among the first products to be brought under the “track and trace mechanism” that was cleared by the GST Council on Saturday, with pan masala also being a likely candidate for inclusion.The Council led by FM Nirmala Sitharaman has cleared amendments to the Central GST Act to empower govt to enforce…
This is an AI-generated image, used for representational purposes only. Equity investors have witnessed a staggering erosion of Rs 18.43 lakh crore in wealth over five consecutive days of a market downturn. The benchmark BSE Sensex plunged 4,091 points or 4.98 per cent during this period, amid heavy foreign fund outflows and weak global cues.The…
NEW DELHI: The Centre has circulated a draft legislation to ban lending by unregulated entities, including by platforms, with violators facing imprisonment of up to seven years. Lenders, who harass and use unlawful means for recovery, face up to 10 years in jail, with those promoting such lending facing a term of up to five…