Business

06

Feb

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Business

Amazon invests in 3 new wind energy projects across India – India TV

Image Source : PIXABAY The wind farm is expected to be operational by second quarter of 2026. In a push towards its clean energy commitment, Amazon has announced investments in three new wind energy projects across India. The move will bring the tech major closer to its commitment to powering its operations with 100 per cent renewable energy.  New wind farms in 3 states  The new projects include wind farms in Karnataka, Maharashtra, and Tamil Nadu. The company now comprises of   53 solar and wind projects nationwide. and are collectively capable of generating more than 4 million megawatt hours (MWh)…

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06

Feb

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Business

Here are other alternatives to invest in gold – India TV

Image Source : PIXABAY Gold ETFs are units representing physical gold and trade on stock exchanges. Sovereign Gold Bonds: Gold has been traditionally a popular mode of investment in India because of returns. People have been investing in this precious metal for centuries. However, keeping physical gold has always been a challenge. This led to the popularity of Sovereign Gold Bonds (SGBs) as they not only hold equal value to physical gold but also don't involve any hassles of storing it. However, the central government has decided to discontinue it citing the high cost of borrowing associated with the instrument.…

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06

Feb

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Business

Record date changed, here’s all you need to know – India TV

Image Source : PTI Earlier, the PSU announced a final dividend of Rs 0.63 NBCC Dividend 2025: NBCC (India) Ltd, a Navratna company, is likely to reward its shareholders with the announcement of an interim dividend. The company is expected to announce the interim dividend along with its quarterly results for the financial year 2025. The decision in this regard will be taken on February 11, 2025 - the date when the board is scheduled to meet. "Consider and declare Interim Dividend to the equity shareholders for the Financial Year 2024-25, if any," the company said in an exchange filing.…

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06

Feb

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Business

Indian Army soldier dead due to firing in Jammu and Kashmir’s Poonch, probe underway – India TV

Image Source : PTI Indian Army An Indian Army soldier died on Thursday due to firing in the Mendar sub division of Poonch district. Other jawans of the Army, who reached the spot, immediately took him to the hospital but the doctors declared him dead. The incident is under investigation as the reason for the firing is not yet clear. Police forces and other teams have rushed to the spot.   (With inputs from Rahi Kapoor)   Source link

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06

Feb

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Business

Check rates in Delhi, Mumbai, Chennai, Kolkata and other major cities – India TV

Image Source : FILE Check gold rates for February 6. Gold rates today: Gold prices in India as of February 6, witnessed a modest increase in price compared to the rate on Wednesday. The cost of 24 carat gold in India as of Wednesday stood at Rs 8,651 per gram reflecting a spike of Rs 25, while the price of 22 carat gold was at Rs 7,930 per gram, reflecting an increase of Rs 27.  The gold rate had hit its all-time high in the previous session on Wednesday, amid weakness in the rupee and profit-taking in the dollar index. According…

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06

Feb

By The Press Editor

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Business

Income Tax alert: Cash transfers to wife may attract IT notice

Image Source : PEXELS REPRESENTATIVE IMAGE Whenever you send money to your wife every month under UPI or cash for household expenditure, you should be aware of certain income tax rules which may lead to sending you a notice for tax. Section 269SS and 269T of the Income Tax Act states that transactions in cash exceeding an amount will be treated as forming part of taxable income. Income Tax rules to obtain approval in cash transfer Generally, money provided by a husband to his wife is not taxed. However, if your wife invests the amount received in Fixed Deposits (FDs),…

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05

Feb

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Business

Mukesh Ambani – India TV

Image Source : PTI (FILE) Reliance Industries Chairman Mukesh Ambani Bengal Global Business Summit 2025: Reliance Industries Chairman Mukesh Ambani on Wednesday announced that the company will double their investment in West Bengal by the end of this decade. Speaking at the Bengal Global Business Summit (BGBS) 2025, Ambani said the investment would generate one lakh jobs in the state. He said Reliance has already invested Rs 50,000 crore in Bengal and Rs 50,000 crore more will be invested by the end of this decade. Ambani reiterated Reliance's dedication to fostering economic growth in the state, emphasizing its contribution to reshaping Bengal's business…

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05

Feb

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Business

ATM cash withdrawal to become costly? RBI likely to increase interchange fee – India TV

Image Source : FILE PHOTO Representative image ATM cash withdrawal: If you use ATMs, then this news is important for you. The Reserve Bank of India (RBI) is considering increasing the maximum fee and the ATM interchange fee that banks charge customers when they exceed the limit of five free transactions. According to a report from Hindu Businessline, this hike in charges will lead to banking customers having to pay more when withdrawing cash from ATMs. Notably, this increase in charges will result in banking customers having to spend more money out of their own pockets to withdraw cash from…

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05

Feb

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Business

Vijay Mallya moves Karnataka High Court, seeks loan recovery accounts from banks – India TV

Image Source : PTI Vijay Mallya moves Karnataka High Court In a significant development, fugitive businessman Vijay Mallya on Wednesday filed a petition in the Karnataka High Court seeking loan recovery accounts from banks. Senior advocate Sajan Poovayya appeared on behalf of Mallya. According to Mallya's counsel Rs 6,200 crore was to be repaid, but Rs 14,000 crore has been recovered. Mallya's counsel claimed that this was informed to the Lok Sabha by the Finance Minister. Mallya's counsel has argued that the loan recovery officer stated that Rs10,200 crore has been recovered. He claimed that even though the full loan…

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05

Feb

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Business

Govt’s FY26 market borrowings well-placed, but alternative funding needed – India TV

Image Source : PTI/FILE PHOTO REPRESENTATIVE IMAGE The government’s market borrowing plan for the financial year 2025-26 (FY26) is well-structured to support fiscal and monetary policies, according to a report by the State Bank of India (SBI). However, the report emphasised the need to explore alternative funding sources to reduce reliance on market borrowings. Key borrowing figures for FY26 Gross market borrowing (dated securities): Rs 14.8 lakh crore Repayments: Rs 3.3 lakh crore Net borrowing: Rs 11.5 lakh crore (73 per cent of the fiscal deficit) The net borrowing is higher than the Rs 10.5 lakh crore recorded in…

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