Business - DTI News

Budget 2023 Expectations: Important news related to economy before Union Budget

January 31, 2023January 31, 2023 Daily Times Bureau No Comments

Budget 2023: Ahead of the Budget session, Union minister of state for finance Pankaj Chaudhary on Tuesday said “elections keep coming,” the Union Budget for 2023-24 will focus on improving the economic conditions of the people, not the polls. “As far as budget is concerned in view of elections, elections keep coming and going, but…

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Gautam Adani dropped out of 10 richest billionaires list of the world

January 31, 2023January 31, 2023 Daily Times Bureau No Comments

NEW DELHI: Gautam Adani, the founder of the Adani Group, has been out of the list of ten richest people in the world on Tuesday. After the American financial firm Hindenburg Research made serious allegations related to financial irregularities on the Adani Group, the shares of companies associated with it are declining. According to the…

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Hindenburg replied to Adani Group’s 413-Pages response, says-‘Fraud is Fraud, it can’t be hidden behind nationalism

January 30, 2023January 30, 2023 Daily Times Bureau No Comments

NEW DELHI: American forensic financial company Hindenburg has given its response to the 413-page reply given by Adani Group. In the constant back and forth between the Adani Group and the Hindenburg Research, all because of a report alleging fraud by Adani, the latest developments point to Hindenburg’s response. Hindenburg had made serious allegations related…

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Google announces 12,000 employees to be fired from parent company Alphabet

January 20, 2023January 20, 2023 Daily Times Bureau No Comments

WASHINGTON: Google’s parent company Alphabet is going to lay off employees on a large scale. The company announced on Friday that it has decided to lay off 12,000 employees, or 6 percent of its workforce. According to the news agency AFP, Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the…

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Middle class families likely to get big relief in tax slab; Nirmala Sitharaman ahead of budget

January 16, 2023January 16, 2023 Daily Times Bureau No Comments

FM said I Belong To Middle Class, Know Issues NEW DELHI: Ahead of Union Budget, Union Finance Minister Nirmala Sitharaman has said that she herself belongs to the middle class, in such a situation she understands very well the increasing pressure on this class. On Sunday, Sitharaman said that she was aware of the pressures…

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Central Govt to sell its stake in IDBI Bank, gets domestic and global bids

January 10, 2023January 10, 2023 Daily Times Bureau No Comments

New Delhi: The Central Government has decided to sell its stake in IDBI Bank. The deadline for filing initial bids for the privatization of IDBI Bank has ended on January 7. The Central Government and LIC want to sell more than 60% of their stake in IDBI Bank. IDBI Bank had invited bids from potential…

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No need to visit bank for KYC update, customer to complete KYC via video: RBI

January 6, 2023January 6, 2023 Daily Times Bureau No Comments

NEW DELHI: Reserve Bank of India (RBI) said that the process of fresh KYC can now be done remotely through video-best customer identification process. The customer does not need to visit the bank branches. However, customers can also get KYC done offline by visiting the bank. The central bank issued a release today saying that…

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India eyes major world record rapeseed crop, prompts farmers to plant higher quantities, know reason

December 15, 2022December 15, 2022 Daily Times Bureau No Comments

Attractive prices of rapeseed prompt farmers to expand area NEW DELHI: The name of wheat comes at the top among the major cash crops of Rabi season. There is considerable consumption of wheat in India. Also, according to the data, most of the crops sown in the current rabi season (2022-23) are of oilseeds and…

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RBI hikes repo rate by 0.35% for fifth time in a row this year

December 7, 2022December 7, 2022 Daily Times Bureau No Comments

RBI hiked its key lending rate by a more modest 35 basis points to 6.25 %, citing slowing inflation NEW DELHI: The Reserve Bank of India (RBI) has hiked the repo rate for the fifth consecutive time this year. On Wednesday, RBI has announced to increase the repo rate by 0.35%. Now the repo rate…

LIC issue mobile No. for Policyholders to see all details on WhatsApp, customers can buy insurance policy online or offline

December 2, 2022December 2, 2022 Daily Times Bureau No Comments

Mumbai: Insurance company LIC (LIC) has started WhatsApp service for its customers. With the introduction of the new service of LIC, now the insured will not have to visit the nearest LIC office for every small work, nor will they have to wait for the LIC agent. Now policy holders will be able to get…

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