Debaroti Adhikary

People who went out of India for jobs now want to come back: Aman

boAt Co-founder Aman Gupta cast his vote in Lok Sabha elections in Delhi on Saturday. Speaking outside the polling booth, he said he hoped 'Make in India' is strengthened further and startup programmes are given more encouragement. Speaking about current government's achievements, he said, "Earlier people were happy to go outside India for jobs, now they want to come back."

May 26th, 2024

People who went out of India for jobs now want to come back: Aman

Pragya Swastik

CRED Founder Kunal Shah posted on X, "Engineers may eat doctor's jobs." Reacting to his post, an X user said, "Engineers first need to get engineering jobs," while another said, "GPT 4 responses are better than that of an average doctor." A user also said, "Engineers will replace all the jobs in the world including sports in next two decades."

May 26th, 2024

Engineers may eat doctor's jobs: Kunal Shah

Debaroti Adhikary

Reserve Bank of India (RBI) earns significant amount of money from printing notes. If cost of printing a ₹500 note is ₹2, then RBI earns profit of ₹498 when it puts the note into circulation. It also earns interest by buying and selling government bonds and lending to commercial banks. Dealings in foreign exchange market also earns profits for RBI.

May 26th, 2024

How does RBI earn money to pay dividend to govt?

Pragya Swastik

Maldives will soon launch India's RuPay service, which "will bolster the Maldivian Rufiyaa", Maldives Minister Mohamed Saeed said. He also said both India and China have agreed to use local currency in bilateral trade. Saeed's RuPay remarks come amid tension in India-Maldives relations following Maldivian leaders' racist remarks over PM Narendra Modi's Lakshadweep post.

May 26th, 2024

Maldives to launch India's RuPay service

Ashley Paul

Income Tax Department has set Cost Inflation Index (CII) for FY25 at 363. CII comes into play in sale of long-term asset and calculation of capital gains, difference between the cost of acquisition and sale. The larger the capital gain, the larger the tax it'll attract, which CII reduces by increasing cost of acquisition by indexing it for inflation.

May 26th, 2024

What is Cost Inflation Index, set at 363 for FY25 by I-T Dept?

System User

Established in 2014, Awfis Space Solutions, the flexible workspace provider for start-ups, SMEs, and large corporations is looking for a double-digit Grey Market Premium (GMP) with its IPO. The company has decided to extend the closing date of the Initial Public Offering (IPO) from May 24 to May 27. The share will be allotted on May 28.

May 26th, 2024

Awfis Space Solutions extends closing date of IPO to May 27

System User

About 24 Indian startups have raised around $444 million in funding during this week, which include five growth-stage deals and 14 early-stage deals. Among the growth-stage deals, seven startups secured around $394.21 million in funding this week. E-commerce major Flipkart secured the highest funding of $350 million from Google.

May 26th, 2024

24 Indian startups raised $444 million in funding this week

System User

There has been a decline in annual as well as quarterly unemployment rates since the highs witnessed during the COVID-19 pandemic. This has been accompanied by a rise in the share of employment in the organised sector of the Indian economy, according to the latest monthly economic review of the Finance Ministry.

May 26th, 2024

Organised employment rising in India: Finance Ministry

System User

India needs economic engines at every district level for a balanced regional development, cloud software major Zoho's CEO Sridhar Vembu said on Saturday. Calling himself an "experimental economist", he said that the idea of the "economic engine" could be for a city or a district.

May 26th, 2024

India needs district-level economic engines for growth: Zoho CEO

System User

The significant workforce reduction by One97 Communications, Paytm's parent company, involves cutting 5,000-6,300 jobs to reduce costs amid financial and regulatory challenges. CEO Vijay Shekhar Sharma acknowledged the adverse impact of RBI's actions, emphasizing the company's commitment to regulatory compliance and operational resilience to secure a better future.

May 26th, 2024

Paytm to fire 6300 employees to save ₹500 crore

Popular BizShortz


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