Business

06

Feb

By The Press Editor

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Business

Stock markets fall for second day ahead of RBI MPC meeting outcome but Infosys, Tech Mahindra gain – India TV

Image Source : PTI During the day, the BSE had tumbled 427.29 points or 0.54 per cent to 77,843.99. Benchmark indices Sensex and Nifty ended the session in the red for the second consecutive day on Thursday. The fall continues ahead of the outcome of the RBI Monetary Policy Committee meeting and fresh foreign fund outflows. While the 30-share BSE Sensex dropped 213.12 points or 0.27 per cent to settle at 78,058.16. the NSE Nifty declined 92.95 points or 0.39 per cent to 23,603.35 with 30 of its constituents closing lower. During the day, the BSE had tumbled 427.29 points…

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06

Feb

By The Press Editor

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Business

Step-by-step guide and how to withdraw funds – India TV

Image Source : PTI The current rate of interest on EPF deposits is 8.25 per cent per annum. Check PF balance online: The Employees’ Provident Fund or EPF is a popular saving scheme for salaried people. The scheme was introduced by the Employees' Provident Fund Organization under the supervision of the Government of India. This is a retirement savings scheme in which the employee and employer each contribute 12 per cent of the employee's basic salary and dearness allowance towards EPF.  PF deposit rate The current rate of interest on EPF deposits is 8.25 per cent per annum.  Check PF…

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06

Feb

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Business

Amul to invest Rs 600 crore to set up dairy facility with world’s largest curd plant in Kolkata – India TV

Image Source : AMUL (FACEBOOK PAGE) Amul. The Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), which sells dairy products under the 'Amul' brand, will invest Rs 600 crore to set up an integrated plant in West Bengal's Kolkata, which will also host the world's largest curd (dahi) manufacturing facility, its MD Jayen Mehta said. GCMMF committed to making this investment during the two-day Bengal Global Business Summit (BGBS), which concluded on Thursday (February 6). "We will be setting up an integrated dairy plant in Kolkata, West Bengal. The new facility will have the world's largest curd manufacturing plant with a…

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06

Feb

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Business

Zomato to be renamed as ‘Eternal’, CEO Deepinder Goyal unveils new logo – India TV

Image Source : X/@DEEPIGOYAL Representative image Zomato name change: Food tech firm Zomato will soon be known as Eternal Ltd with the company's board approving the name change. CEO Deepinder Goyal announced in a letter to shareholders and unveiled a new logo. Eternal will encompass its four key businesses: the food delivery platform Zomato, the quick-commerce division Blinkit, the live events venture District, and the kitchen supplies unit Hyperpure, as stated by the company. The renaming announcement comes just weeks after Zomato was included in the BSE Sensex on December 23, 2024, coinciding with the company's 17th anniversary.  Eternal logo  Image Source…

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06

Feb

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Business

EPFO achieves major milestone, settles record 5 crore claims in FY25 – India TV

Image Source : PIB Mandaviya emphasised the impact of member profile correction reforms. Labour Minister Mansukh Mandaviya on Thursday said that the Employees' Provident Fund Organisation (EPFO) has achieved a major milestone by crossing the 5-crore claims settlement mark in the fiscal in 2024-25. In the ongoing FY25, the retirement fund body has processed over 5.08 crore claims amounting to Rs 2,05,932.49 crore. This is much more than the 4.45 crore claims worth Rs 1,82,838.28 crore settled in the last fiscal 2023-24. Mandaviya stressed that a series of transformative reforms initiated by EPFO has helped achieve this remarkable figure. The…

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06

Feb

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Business

ITC Dividend 2025: FMCF major announces Rs 6.5 interim dividend

Image Source : PTI The company has reported 1 per cent rise in standalone net profit. ITC Dividend 2025: Indian consumer goods major ITC has rewarded its shareholders with an interim dividend of Rs 6.5 per equity share with a face value of Re 1 each for the financial year ending March 31, 2025. The FMCG-to-cigarettes conglomerate announced this along with its quarterly results. The company has reported 1 per cent rise in standalone net profit in the quarter ending December 31, 2024. It had reported a net profit of Rs 5,572 crore in the year-ago period.  ITC Dividend 2025:…

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06

Feb

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Business

What is this scheme, interest rate, limit and other details – India TV

Image Source : PIXABAY One can get collateral-free loans under the MUDRA scheme. Pradhan Mantri Mudra Yojana: Pradhan Mantri MUDRA Yojana (PMMY) was launched by Prime Minister Narendra Modi on April 8, 2015 with the aim of empowering non-corporate, non-farm small and micro enterprises by providing loans of up to Rs 10 lakh. MUDRA - Micro Units Development & Refinance Agency - is a financial institution that was set for the development and refinancing of micro-unit enterprises. MUDRA loans: Categories MUDRA loans are offered in four categories - Shishu, Kishore and Tarun and Tarun Plus.  MUDRA loans limit Shishu: It…

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06

Feb

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Business

Piysan promises to bridge gap in India’s diagnostics industry – India TV

Image Source : PIXABAY Your health data remains secure with OTP-based login. The Indian diagnostics industry, valued at USD 6 billion, is experiencing rapid growth at a rate of 13–14 per cent annually. With over 1 lakh diagnostic labs across the country, this sector plays a crucial role in healthcare, as 70 per cent of medical decisions worldwide are based on laboratory results. However, despite its significance, the industry remains highly fragmented, with organized players holding less than 10 per cent market share. The remaining 90 per cent consists of hospital labs, stand-alone labs, and national or regional chains, of…

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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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