PIB Fact Check: The government’s Press Information Bureau (PIB) has warned unsuspecting customers to be aware of a ‘SBI Rewards’ scam being used by fraudsters. In a post on social media platform X (formerly known as Twitter), the PIB Fact Check account warned users “never to download unknown files or click on links”. PIB Warns … Read more
Sagility India Limited’s initial public offering (IPO) will open for public bidding on Tuesday, November 5, and will close on Thursday, November 7. The Indian arm of Sagility has fixed the price band at ₹28 to ₹30 per share. The healthcare-centric service provider focuses on the US health insurance companies (Payers) for financing and reimbursing … Read more
New Delhi: Smartphone maker Xiaomi is expected to bring a number of generative AI user applications to its smartphones in India by the end of this fiscal, three people with knowledge of the matter said. The move, which could begin with Xiaomi’s upper-mid range smartphones priced at around ₹40,000, may help democratize generative AI features—which … Read more
Reliance Industries Limited (RIL) announced that its Board of Directors had approved a 1:1 bonus share issue during its annual general meeting (AGM) in September this year. This means shareholders holding one fully paid-up equity share of ₹10 each will receive an additional share of the same value. The bonus issuance is expected to be … Read more
India’s Minister of External Affairs, S. Jaishankar, at the third Kautilya Economic Conclave, Delhi, said that artificial intelligence, along with factors like demographics and connectivity, will change the global order, according to mutiple media reports. “Demographic, connectivity and AI will change the global order,” said the external affairs minister at the economic conclave. Jaishankar also … Read more
A new proposal for central government pensioners, under the Central Government Health Scheme (CGHS) and the Ex-Servicemen Contributory Health Scheme (ECHS), will likely offer the Pradhan Mantri Jan Arogya Yojana (PM-JAY) scheme as an additional option, reported the news portal Financial Express on Saturday, September 28. According to the report, Shiva Gopal Mishra, secretary of … Read more
Shree Tirupati Balajee Agro Trading Company Limited’s initial public offering (IPO), through a book-building process, opened for subscription on Thursday, September 5, and ended on Monday, September 9. The public offer was oversubscribed 68.98 times on the final day. Investors bid for 98.70 crore shares compared to the 1.43 crore shares available. The IPO shares … Read more
Dividend Stocks: Shares of several major companies, including Vedanta Ltd, Gujarat Gas, Harsha Engineering, Lumax Industries, MSTC, and General Insurance Corporation of India, among others, will trade ex-dividend from Monday, September 9, according to data collected from the Bombay Stock Exchange (BSE) website. As per the BSE data, some companies have announced other corporate actions … Read more
The Central Board of Direct Taxes (CBDT) has released the Central Action Plan (CAP) for the fiscal year 2024-25, charting a roadmap for the Income Tax Department as India approaches the centenary of its independence in 2047. CAP 2024-25 calls for quick resolution of high-priority tax demand cases, identification of above ₹2 lakh cash transactions … Read more
I am a non-resident Indian (NRI)) and have my own business in Dubai. I have invested in shares as well as mutual funds in India. I have received dividend on shares and mutual funds. Can I get any benefit of lower taxation under treaty for dividend income? —Name withheld on request Under the India-UAE Double … Read more