Amazon Plans To Charge $5 Monthly From Customers For Alexa As It Considers Revamp To Include GenAI
Amazon is planning a major revamp of its decade-old money-losing Alexa service to include a conversational generative AI with two tiers of service and has considered a monthly fee of around $5 to access the superior version, according to people…
Budget 2024: PHDCCI Meets FM Nirmala Sitharaman, Shares 10 Action Points
Finance Minister Nirmala Sitharaman on Thursday chairs the third Pre-Budget consultation with industry leaders and associations in connection with the forthcoming Budget 2024-25 in New Delhi. Sanjeev Agrawal, president of PHDCCI, recommends status quo on the corporate tax rate at…
Rupee Falls to 2-Month Low: Key Reasons Behind the Plunge Today Despite FPI Inflows
The Indian rupee experienced a significant drop on June 20, Thursday, plunging by 17 paise to hit a two-month low of 83.61 per dollar. This decline occurred despite robust buying activity in the capital market. The domestic currency’s fall is…
Union Budget 2024 Expectation: SBI Chairman Pitches For Tax Relief On Interest Income
With regard to savings accounts, interest earned up to Rs 10,000 is exempt from tax.(Representative image) State Bank of India Chairman Dinesh Kumar Khara has pitched for tax relief on interest income State Bank of India Chairman Dinesh Kumar Khara…
Finance Minister Nirmala Sitharaman Chairs First Pre-Budget Consultations With Economists
Finance Minister Nirmala Sitharaman In The Meeting On June 19 The full budget for 2024-25 is expected to be presented in Parliament in the second half of July. Union Budget 2024: Union minister for finance & corporate affairs, Nirmala Sitharaman,…
SBI Expects 14-15% Credit Growth in Current Fiscal 2024-25: Chairman Dinesh Kumar Khara
SBI Chairman Dinesh Kumar Khara. (File Photo: Reuters) SBI has an excess statutory liquidity ratio between Rs 3.5 lakh crore and Rs 4 lakh crore Given the current economic growth rate, SBI is expecting 14-15 per cent loan growth during…
RBI Imposes Rs 1.45-Crore Penalty on Central Bank of India; Details Here
RBI imposes fines on Central Bank of India and Sonali Bank PLC. The RBI conducted Central Bank of India’s Statutory Inspection for Supervisory Evaluation (ISE 2022) with reference to its financial position as on March 31, 2022. The Reserve Bank…
India’s Trade Deficit Widens to 7-Month High to $23.78 Billion in May 2024; Exports Grow 9.1%
During April-May 2024, India’s merchandise exports during April-May 2024 were $73.12 Billion as compared to $69.57 billion during April-May 2023. India’s merchandise imports were at $61.91 billion in May 2024, which is 7.7 per cent higher as against $57.48 billion…
Ambuja Cements Acquires Penna Cement at Valuation of Rs 10,422 Crore; Details Here
The acquisition will improve Ambuja Cement’s share in the cement market pan-India by 2 per cent and 8 per cent in south India. Ambuja will acquire 100 per cent shares of Penna Cement Industries Ltd (PCIL) from its existing promoter…
Tata Consumer Products Aspires to Be A Full-Fledged FMCG Co, to Double Capex to Rs 785 Crore in FY25: N Chandrasekaran
TCPL Chairman N Chandrasekaran says it will double the capex in the current fiscal. Tata Chairman N Chandrasekaran — also the Tata Sons Chairman — says Tata Consumer Products Ltd will consider further acquisitions to fuel growth depending on the…