Reliance Power shares hit upper circuit
The shares of Reliance Power Ltd. have hit upper circuit as the company settled Rs. 3,872 crore of debt due to being a guarantor for Vidarbha Industries Power (VIPL). The…
GST Council Cuts GST on Cancer Drugs, Defers Decision on Health Insurance to November
The 54th GST Council presided over by Union Finance Minister Smt. Nirmala Sitharaman reduced the GST on certain cancer-treating medicines from 12% to 5%. The decision forms part of several…
From 1 lakh to 5 lakh per transaction UPI limit increases; RBI has introduced new features
The earlier limit was Rs 1 lakh; the new limit has been reduced to Rs 5 lakh. The objective of the increase in the limit is to facilitate enhanced convenience…
Defence Ministry proposes Rs 70,000-cr warship order for Naval Forces
A contract of Rs. 70,000 crores is proposed by the Ministry of Defense in order to initiate Project 17-B. The project aims at building advanced frigates and warships for the…
Jio Emerges as World’s Largest Telecom Operator; Profits up by 12%
Reliance Jio has emerged as the largest telecom operator in terms of data usage, striking a net profit of Rs. 5,445 crore for the first quarter of Fiscal Year 2024-25.…
Ola Maps Launches Competitive Pricing Strategy Amid Google Maps’ Rate Cuts
Bhavish Aggarwal's AI startup ‘Krutrim’ has introduced a new pricing strategy for Ola Maps which challenges the dominance of Google Maps in India. The strategy was announced on 18th, July…
Gold shines bright in India, prices soar amid inflation and global tension
India's gold prices climbed substantially on Wednesday and the data analysis done by FXStreet calculated the price, on average, at 6,359.17 Indian Rupees (INR) per gram as compared to 6,345.91…
Reliance & Disney Joint Venture to Merge India’s OTT & TV Business
Reliance Industries and The Walt Disney Corporation have officially announced a strategic joint venture to merge the digital streaming and television business of Viacom18 and Star India. This will create…
Government Amends IT Rules; Allows Home Secretary To Issue Order For Destroying Digital Records
The Information Technology rules have been amended by the Central Government, and now the power of destroying records of interception has been handed over to the Union Home Secretary or…
Paytm explains future plan as Vijay Shekhar Sharma steps down
One97 Communications Limited, the parent company of the fintech giant Paytm, has clarified that the resignation of Vijay Shekhar Sharma was made in light of a future transition in reconstituting…