Category: Finance
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EPFO Interest Rate for 2024-25: What to Expect for Your Provident Fund Deposits?
The Employees’ Provident Fund Organisation (EPFO) is set to announce the interest rate for provident fund (PF) deposits for the financial year 2024-25. As per insider reports, the interest rate is likely to remain near the previous year’s rate of 8.25%, ensuring continued financial security for millions of subscribers. With the central board of trustees…
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Hindalco Q3 Results: Profit Set to Surge by 62% Amid Strong India Performance
Hindalco’s Profit Expected to Soar 62% Amid Strong Market Performance The third quarter earnings season is in full swing, with around 460 companies set to release their Q3 financial results on Thursday. Among them, Hindalco and SJVN stand out as key companies to watch. Investors and analysts alike are eagerly anticipating their numbers, which could…
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Trump Orders Halt to Penny Production, Citing Rising Costs and Waste
In a decisive move to curb governmental waste, President Donald Trump has directed the U.S. Treasury Department to halt the production of new pennies. Citing the escalating costs associated with minting the one-cent coin, Trump emphasized the inefficiency of continuing its production. The penny, featuring President Abraham Lincoln since 1909, has been a staple of…
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Asian Stocks Surge as Trump Pauses Tariffs on Canada and Mexico
Markets Rally Amid Tariff Uncertainty Asian stock markets rallied on Tuesday following an unexpected decision by former U.S. President Donald Trump to pause planned tariffs on Canada and Mexico. The reversal, which came just hours before the new tariffs were set to take effect, injected fresh optimism into global markets that had been rattled by…
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Union Budget 2025: No Income Tax Up to ₹12 Lakh
In a landmark move aimed at bolstering the financial well-being of India’s middle class, Finance Minister Nirmala Sitharaman unveiled significant changes to the income tax structure in the Union Budget 2025. These reforms are designed to increase disposable income, stimulate consumer spending, and drive economic growth. One of the most notable announcements is the substantial…
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SEBI Imposes ₹7 Lakh Fine on Motilal Oswal for Stock Broking Violations
The Securities and Exchange Board of India (SEBI) has imposed a penalty of ₹7 lakh on Motilal Oswal Financial Services Ltd. (MOFSL) after an inspection revealed multiple violations of stock broking norms. The action was taken following a comprehensive probe covering the period between April 1, 2021, and June 30, 2022. The financial watchdog’s 62-page…
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Adani Power Reports Strong Q3 Performance with 7.4% Profit Growth
Adani Power’s Strong Performance in Q3 FY25 Adani Power Ltd has posted an impressive 7.4% year-on-year (YoY) increase in consolidated net profit, reaching ₹2,940.07 crore for the quarter ending in December 2024. The company’s total revenue surged by 11% to ₹14,833 crore, attributed to higher sales volume and improved demand in the power sector. The…
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Budget 2025: Will Defense & Railways Get a Massive Boost?
As India gears up for Budget 2025, anticipation is high regarding the government’s focus on key sectors like defence and railways. Experts predict a balanced fiscal plan aimed at boosting economic growth, strengthening national security, and modernizing infrastructure. The question remains: Will these sectors receive a significant push? The Indian government has been working towards…
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RBI Governor Urges Banks to Strengthen Cybersecurity Measures Amid Rising Digital Frauds
Amidst growing concerns over the surge in digital fraud cases, RBI Governor Sanjay Malhotra has urged banks to implement robust cybersecurity frameworks and proactive fraud detection systems. Speaking at a high-profile meeting with top banking executives on Monday, Malhotra emphasized the urgent need to fortify digital infrastructure to protect consumers and the financial ecosystem from…
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RBI’s $5 Billion Swap Auction: A Game Changer for India’s Economy?
In a decisive move to bolster the banking system’s liquidity, the Reserve Bank of India (RBI) has unveiled a series of measures aimed at injecting over ₹1.5 lakh crore into the financial ecosystem. This initiative encompasses a USD/INR buy-sell swap auction valued at $5 billion (approximately ₹43,000 crore), scheduled for January 31, 2025. Additionally, the…
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