As Gujarat International Finance Tec-City (GIFT City) evolves into a global financial hub, the risk of cyber threats is expected to rise. In response, the International Financial Services Centres Authority (IFSCA) has issued cyber security guidelines, making regulated entities such as Asset Management Companies (AMCs), Portfolio Management Services (PMSs), Alternative Investment Funds (AIFs), and Registered …
New Delhi, Mar 17 (PTI) Airtel Payments Bank has surpassed one billion transactions on its platform in January 2025, reflecting a 47 per cent year-on-year growth in transaction volume across businesses, according to a top official. Anubrata Biswas, MD and CEO at Airtel Payments Bank told PTI that the “milestone” underscores increasing adoption of digital …
Fixed deposits (FDs) have long been considered a safe investment choice, offering assured returns with minimal risk. However, recent financial incidents, such as IndusInd Bank’s accounting error-related crisis, raise concerns about deposit safety. The question remains—how secure is your money if a bank faces financial distress? In India, deposit insurance is managed by the Deposit …
As Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on 1st February, one unique financial privilege continues to stand out—Sikkim’s tax-free status. Unlike the rest of India, where income tax is mandatory beyond a certain threshold, Sikkimese residents enjoy complete tax exemption, irrespective of their earnings. This financial advantage is enshrined in Article 371(F) …
Tick size refers to the minimum price movement by which the price of a security, index, or derivative contract can change. It determines the smallest increment in which buyers and sellers can quote prices. A smaller tick size can enhance liquidity and price efficiency, whereas a larger tick size can help reduce excessive volatility and …
Patanjali Ayurved, owned by Baba Ramdev and Dharampal Satyapal Group (DS Group) has entered India’s general insurance sector by acquiring a majority stake in Magma General Insurance. This acquisition, valued at ₹4,500 crore, marks Patanjali’s first foray into the insurance business, expanding its operations beyond Ayurvedic products, wellness, and FMCG segments. As of 12:13 pm …
The Delhi government has finalised plans to implement the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). An official Memorandum of Understanding (MoU) will be signed between the Delhi government and the National Health Authority (NHA) on March 18 in the presence of Union Health Minister JP Nadda. On the same occasion, five families in …
Mumbai, Mar 16 (PTI) The upcoming Navi Mumbai International Airport will be inaugurated in June, Adani Group Chairman Gautam Adani said on Sunday. Earlier, it was set for inauguration on April 17. The greenfield airport — the second such facility in the Mumbai Metropolitan Region after the Chhatrapati Shivaji Maharaj International Airport — is being …
New Delhi, Mar 16 (PTI) Delhi Metro Rail Corporation (DMRC) and Blue Dart on Sunday signed a Memorandum of Understanding (MoU) to provide urban logistics service. According to a statement from DMRC, the initiative — the first of its kind in the entire South Asia Pacific region — reinforces both DMRC and Blue Dart’s commitment …
Ultraviolette’s Entry into the Electric Scooter Market Bengaluru-based Ultraviolette Automotive, known for its premium electric motorcycles, has expanded into the mass-market segment with the launch of its first electric scooter, the Tesseract. The model is priced at ₹1.45 lakh (ex-showroom) but is available at an introductory price of ₹1.20 lakh (ex-showroom) for the first 50,000 …
