Finance

The Role of Home Loan Tax Benefits in Affordable Housing Initiatives

Homeownership is a dream for many individuals and families, and governments around the world have recognized the importance of making housing more affordable. In an effort to support affordable housing initiatives, governments often provide tax benefits specifically targeted towards home loans. These home loan tax benefits play a significant role in making homeownership more accessible and financially viable for individuals. In this blog post, we will explore the crucial role of home loan tax benefits in affordable housing initiatives, shedding light on how they can positively impact aspiring homeowners.

Nagaland hosts two-day young leaders training programme on Sustainable Development Goals

Kohima City recently hosted the two-day Young Leaders Training on Sustainable Development Goals (SDGs) on the theme ‘Role of Young Leaders in Localising Sustainable Development Goals in Nagaland’.

Senco Gold Limited: Initial Public Offering to open on July 4

Kolkata: Senco Gold Limited on Friday said it proposes to open for subscription an initial public offering of equity shares of face value of Rs 10 each (“Equity Shares”)aggregating up to ₹ 4,050 million (“Offer”) on Tuesday, July 4.

A.P. Hota appointed as the new Chairman of Federal Bank

Mumbai: Reserve Bank of India accorded approval for the appointment of A.P. Hota as the part-time Chairman of the Bank with effect from June 29, 2023 till January 14, 2026.

IndiGo promoter company InterGlobe Aviation's valued at Rs 1 lakh cr

New Delhi: InterGlobe Aviation, the parent company of IndiGo, achieved a significant milestone by becoming the first airline in India to reach a market valuation of Rs 1 lakh crore.

'Washington Moment': When Mukesh Ambani and Anand Mahindra waited for Uber ride in the US

Top industrialist, Reliance Industries chairman and MD Mukesh Ambani and Mahindra and Mahindra chairman Anand Mahindra, were a part of the Indian business delegation to the United States during Prime Minister Narendra Modi's historic America tour.

PM Modi meets Goldman Sachs board and leadership, highlights India's growth potential

New Delhi/IBNS: Prime Minister Narendra Modi on Wednesday held a "fruitful discussion" with members of the board and key leadership of Goldman Sachs, during which he highlighted India’s vast potential for growth.

Higher TCS levy on overseas spending postponed by 3 months to Oct 1

The Finance Ministry said on Wednesday that the implementation of the increased Tax Collected at Source (TCS) on overseas spending would be delayed by three months from the initial deadline of July 1.

Promoters sell shares of Adani Enterprises Goldman Sachs GQG buys shares in Adani Green Energy: Report

Mumbai: Goldman Sachs GQG and other foreign investors have made significant investments in Adani Green Energy and Adani Enterprises, according to recent reports.

Adani Power's Jharkhand plant starts supply to Bangladesh

Godda (Jharkhand): Adani Power has commenced power exports to Bangladesh from its 1,600MW power plant located in Godda, Jharkhand, the company said in a statement on Tuesday.

Amazon India is back with Prime Day on July 15, 16

Kolkata: Amazon India is back with its annual two-day celebration to ‘Discover Joy’ with Prime Day 2023! Starting at 12:00 AM on July 15 till July 16, 2023, the seventh edition of Prime Day brings in two days of great deals, savings, blockbuster entertainment, new launches, and much more, bigger and better than before.

TVS Motor Company inks deal with Zomato to accelerate last mile green deliveries

Bangalore: Two-wheeler maker TVS Motor Company on Wednesday announced a strategic association with the food ordering and delivery platform, Zomato.

Sensex ends an all-time-high by touching 63,915.42 pts

Mumbai: The BSE Sensex on Wednesday ended a lifetime-high at 63,915.42 on the strength of Capital Goods, Oil and Gas and Metal stocks amid monthly F and I expiry.

South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing

Kolkata: South Indian Bank (SIB) today signed an MOU (Memorandum of Understanding) with Mahindra and Mahindra Ltd (Automobile division) for providing the latter’s dealers with financing solutions. Under the partnership, SIB will provide unmatched dealer finance solutions to M&M’s dealers, thereby meeting their vehicle inventory funding requirements.

Bandhan Bank says it tripled branch presence in less than 8 years

Kolkata: Private sector lender Bandhan Bank on Wedneday said it has achieved a milestone of tripling its branch presence in less than 8 years of its operations.

Is 50 years too late to get a term insurance plan?

When it comes to purchasing term insurance, it is always better to do it early in life since the premium rates are low. However, life is unpredictable, and it is never too late to secure your family's financial future. If you are 50 or older and have not yet purchased a term life insurance, you may be wondering if it is too late. The answer is no; it is never too late to buy term insurance.  

Sensex opens at record high at 63,701.78 points

Mumbai/UNI: The BSE Sensex on Wednesday opened at a new peak at 63,701.78 as buying was seen across the board amid monthly F & O expiry.

UBS plans to cut over half of Credit Suisse's employees: Reports

Geneva: Swiss banking group UBS is planning to slash over half of Credit Suisse Group’s workforce starting next month as a result of the bank’s emergency takeover, media reports said.

Google slashes jobs at Waze

Search engine giant Google has said it has decided to slash jobs at its Waze mapping service since it is merging the unit with its own map products.

Rohit Jawa is the new MD & CEO of Hindustan Unilever

Rohit Jawa on Tuesday assumed the role of Managing Director and Chief Executive Officer at Hindustan Unilever Ltd (HUL), a leading FMCG company.

Length of India's National Highways grow 59% in the last nine years

New Delhi: Union Road Transport and Highways Minister Nitin Gadkari Tuesday said the total length of the National Highways in the country increased by about 59% in the last nine years.

Govt to unveil 'List of Critical Minerals for India”

New Delhi: India will unveil its first-ever critical minerals mines list on Wednesday, the Ministry of Mines said.

Coal Ministry receives 35 bids for 7th round of commercial coal mine auctions

New Delhi: Coal Ministry has received 35 offline bids for 18 coal mines in the seventh round of commercial coal mine auctions.

Sensex moves up 446.03 pts

Mumbai: The BSE Sensex on Tuesday registered a massive gain of 446.03 pts to close at 63,416.03 on the strength of financial services, Bankex,, Realty and Metal stocks though interest rates worries kept investors on edge.

SBFC Finance gets Sebi nod for Rs 1200 cr IPO

Mumbai: SBFC Finance Limited a non-deposit-taking non-banking finance company on Tuesday said it has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).

Nagaland: New Jalukie daily market inaugurated, boosting economic prospects for the community

ADC Jalukie, TL Kiusumong Tikhir, NCS, inaugurated the newly established New Jalukie Daily Market on 20th June 2023. The event was attended by members of the New Jalukie Village Council, as well as neighboring village council representatives.

Land T Technology Services, BSNL join hands to enable private 5G network deployments for enterprises

New Delhi: L&T Technology Services, a leading global pure play engineering services company, announced that it has entered into a strategic partnership with Bharat Sanchar Nigam Limited (BSNL) to drive and enable global enterprises in their private 5G network deployments.

EPFO extends deadline for higher pension till July 11

New Delhi: Retirement fund body  EPFO has extended the deadline to file applications to apply for higher pension till July 11.

Dun and Bradstreet India partners with West Bengal govt to foster MSME growth

Dun & Bradstreet India has partnered with the West Bengal government to issue D-U-N-S Numbers to exporters and MSMEs in the state.

Axis Mutual Fund launches ‘Axis Nifty IT Index Fund’

Kolkata: Axis Mutual Fund has announced the launch of their New Fund Offer – Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI.