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Day: February 10, 2024

Vedanta Resources makes upfront payment of 9 million to bondholders under restructuring exercise

Vedanta Resources makes upfront payment of $779 million to bondholders under restructuring exercise

February 10, 2024 0

Vedanta Resources Ltd completed repayments to bondholders as part of the debt restructuring exercise, making an upfront payment of USD 779 million. The company also […]

0 billion electronics production in few years a realistic, achievable target: IT Minister

$300 billion electronics production in few years a realistic, achievable target: IT Minister

February 10, 2024 0

India aims to achieve $300 billion electronics production, including $100 billion in exports, in the coming years, according to Union Minister Ashwini Vaishnaw. The government […]

High airfares here to stay! Why any DGCA steps to keep air ticket prices in check are not likely to work

High airfares here to stay! Why any DGCA steps to keep air ticket prices in check are not likely to work

February 10, 2024 0

High airfares to continue? Aviation industry experts and airline executives express skepticism over the impact of aviation regulator’s move to control airfares. Recent recommendations to […]

Relief on the cards for Paytm customers? PhonePe, Google Pay type model being considered by Paytm to keep UPI running

Relief on the cards for Paytm customers? PhonePe, Google Pay type model being considered by Paytm to keep UPI running

February 10, 2024 0

Paytm’s parent company One97 Communications, is in talks with the National Payments Corporation of India to use third-party payment apps to ensure uninterrupted access to […]

EPFO fixes Employees’ Provident Fund interest rate for 2023-24 at three-year high; details here

EPFO fixes Employees’ Provident Fund interest rate for 2023-24 at three-year high; details here

February 10, 2024 0

The Employees’ Provident Fund Organisation (EPFO) has declared a three-year high interest rate of 8.25% on employees’ provident fund (EPF) deposits for the fiscal year […]

EPFO fixes 8.25 percent interest rate on employees’ provident fund for 2023-24

EPFO fixes 8.25 percent interest rate on employees’ provident fund for 2023-24

February 10, 2024 0

​ Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2023-24. […]

Moody’s downgrades Israel’s credit rating due to Hamas conflict

Moody’s downgrades Israel’s credit rating due to Hamas conflict

February 10, 2024 0

Moody’s forecasts a substantial increase in Israel’s defense spending due to the conflict with Hamas. The agency’s baseline scenario reflects the financial strain caused by […]

Paytm Bank board alerted by RBI on non-compliance

Paytm Bank board alerted by RBI on non-compliance

February 10, 2024 0

RBI held discussions with Paytm Payments Bank before taking action. Two directors resigned. Paytm management is lobbying for the bank’s survival. RBI follows a strategy […]

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