Punjab National Bank Wednesday said the bank has recognised misrepresentation exchanges totalling over Rs 11,300 crore at its Mumbai branch. This prompted the share price failing 9.8 percent. The deceitful exchange sum is near 1/3rd of its aggregate market capitalisation of Rs 36,000 crore, or 2.55 percent of the aggregate advance book of Rs 4.5 […]Read More Punjab National Bank: ₹11,300 crore fraud
The Government of India launches The Union Budget 2018 on February 1, 2018. The Union Budget has been formulated keeping in mind the upcoming elections, middle-class, rising unemployment and historical records. What’s your take on the Budget? Comment and let us know!Read More Union Budget 2018: HIGHLIGHTS
Continuing rising trends, country’s foreign exchange reserves surged by $1.758 billion to mount a new record high of $411.124 billion in the week to January 5, the Reserve Bank said today. In the previous week, foreign exchange reserves had jumped by $4.444 billion to reach a fresh peak of $409.366 billion. The reserves had crossed […]Read More Forex reserves scale new high of $411.124 billion
Ayurvedic products maker Patanjali Ayurveda said it’s poised to overtake the country’s biggest consumer goods company Hindustan Unilever Ltd (HUL) by next year, underscoring the sudden rise of a brand that few had heard of a decade ago. By contrast, HUL has been present in India for more than 80 years. To be sure, Baba Ramdev-founded Patanjali’s FY17 sales amounted […]Read More Patanjali plans to overtake HUL by next year, not weighing IPO
Over the past several years, public interest in cryptocurrencies has increased dramatically. The main focus of this interest has been Bitcoin, which, following the release of its first public client in 2009, has become the dominant name in cryptocurrency. In recent years, however, many other cryptocurrencies have entered the scene. Among these, one name which has garnered increasing […]Read More Bitcoin vs Litecoin: The Difference
India’s first virtual currency or crypto-currency has been recently launched by BillDesk, a Mumbai based payment gateway, which has named it as “Coinome”. Using Coinome the users will now be able to on-boarded through Instant e-KYC. Immediately after registering,
the users will be allowed to transact by crypto-currencies. Coinome offers optimum price to users, as it is an open order boom crypto-currency.
Google India crosses the Billion-Dollar mark in fiscal 2017 posting a turnover of Rs. 7,208 crore which is 22% more than the previous year.
The Technology Giant enjoys monopoly with most marketers spending more than two-thirds of their digital budget on it.
Its rival business: Facebook, marked a whopping 93% increase in their turnover in India.
Google and Facebook are the most prominent forces and critical to the digital advertising industry.
Google & Facebook may seem to evolve as ‘duopoly’ in the Indian Economy in the upcoming years as they continue to rule over Digital Marketing!
Gross NPAs or Non-Performing Assets month and year wise in ₹ lac Crore in the Banking System of India.Read More Banking System Bad Loans
The State Bank of India has recently sanctioned a short-term loan worth over ₹1500 Crore to Air India which has already submerged itself in liabilities and is now highly geared. Air India also seeks for long term capital investments in order to buy 3 Boeing Aircraft aiming to expand its operations, apparently.Read More Air India receives ₹1500 Crore loan from the ‘Air India’ of Banking Sector
The Key Highlights of Goods & Services Tax Council’s 23rd Meeting resulting into sighs of relief for taxpayers, tax practitioners as well as Indian citizens where the council took crucial decisions considering the past 4 months experience, focusing on small-scale businesses and consumers, mainly. The reduced Late Fee is indeed one of the biggest relief contemplating the new tax regime where it will take time to adapt and learn!Read More GST Council’s 23rd Meeting