The EPFO has increased the auto-settlement threshold for provident fund advance withdrawals from ₹1 lakh to ₹5 lakh, enabling quicker access to funds for members, especially during emergencies. This enhancement allows claims up to ₹5 lakh to be processed automatically within three days.
Rajiv Memani, the new CII president, anticipates a strong rebound in India's economic growth, despite some sectors facing challenges due to geopolitical issues and uneven demand. Private investment is growing, though influenced by globa ...more
Following Sebi's order against Jane Street, market players anticipate improved compliance among brokerages and funds dealing with prop firms, despite concerns about potential F&O volume drops. Sebi reinforces its commitment to market in ...more
India's banking sector experienced a slowdown in the June quarter, marked by subdued credit growth and inconsistent deposit performance. HDFC Bank, along with Punjab National Bank and UCO Bank, defied this trend, reporting growth in bot ...more
Quick commerce platforms like Swiggy Instamart and Blinkit are facing consumer pushback due to rising fees, including handling, delivery, and surge charges. This is prompting shoppers to compare prices with local vendors and plan purcha ...more
BRICS nations have urged developed economies and financial institutions to provide substantial climate finance to developing countries, emphasizing the need for predictable and affordable funding to achieve Paris Agreement goals. They a ...more
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