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RBI issues warning against fraud through KYC trick

Feb 2, 2024

Mumbai, Feb 2 (IANS) The Reserve Bank RBI on Friday cautioned the general public against frauds in the name of KYC updation as more incidents are being reported of customers being cheated through this malicious practice.The modus operandi for such frauds usually involves customers receiving unsolicited communications, including phone…

Tata Motors Q3 net profit surges more than 2-fold to Rs 7,025 cr

Feb 2, 2024

New Delhi, Feb 2 (IANS) Tata Motors on Friday announced a more than two-fold increase in its consolidated net profit at Rs 7,025 crore for the October-December quarter of the current financial year driven by strong sales in its UK luxury…

Business

‘Constrained financially, government will not be in a position to offer tax reliefs post…

Feb 2, 2024

Chennai, Feb 2 (IANS) The Central government may not offer any tax relief or concessions even in the post-election full budget owing to its financial constraints, said a top economist at credit rating agency Acuite Ratings & Research.…

Business

Rationalisation of tariff lines, import duties big leap towards ease of doing biz: ICEA

Feb 2, 2024

New Delhi, Feb 2 (IANS) The recent announcement regarding adjustment of basic customs duty to 10 per cent on parts of mobile phones and mechanics symbolises the start of a paradigm shift in the approach in policy formulation of the…

Business

Nifty ends Budget week 2.35% higher after falling for two straight weeks

Feb 2, 2024

Mumbai, Feb 2 (IANS) The Nifty ended the Budget week higher (2.35 per cent) after falling for two straight weeks, said Deepak Jasani, Head of Retail Research at HDFC Securities.Nifty ended on a positive note though off the intra-day high in…

Business

Other income boosts Sundram Fasteners PAT to Rs116.19 crore, flood loss put at Rs 7 crore

Feb 2, 2024

Chennai, Feb 2 (IANS) Boosted by other income, automotive component major Sundram Fasteners Ltd closed the third quarter with a higher net profit of Rs 116.19 crore on a lower revenue from operations.The company suffered a loss of Rs 7…

Business

Investors have no voting rights on CEO change: Byju’s

Feb 2, 2024

New Delhi, Feb 2 (IANS) Embattling edtech company Byju's on Friday said investors have no voting rights on CEO change, after statements from a select few investors surfaced, calling for an extraordinary general meeting (EGM) to replace…

Business

Byju’s saga: Salaries delayed, US unit files for bankruptcy

Feb 2, 2024

New Delhi, Feb 2 (IANS) Embattling edtech company Byju's has reportedly delayed salaries of its employees for the month of January, as the firm aims to raise funds through a rights issue.The company had earlier listed February 1 for the…

Business

TN budget for financial year 2024-25 to be presented on Feb 19

Feb 2, 2024

Chennai, Feb 2 (IANS) The budget session of the Tamil Nadu assembly will commence from February 12 with the customary address of Tamil Nadu Governor while the budget will be presented on February 19. The budget for the financial year…

Business

Paytm app will keep working beyond Feb 29: Founder & CEO Vijay Shekhar Sharma

Feb 2, 2024

New Delhi, Feb 2 (IANS) Paytm's associate Bank recently received the Reserve Bank of India's (RBI) directions in response to which Paytm's Founder and CEO Vijay Shekhar Sharma assured users that Paytm app will continue to work beyond…

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