MUMBAI: SBI has hired 13,455 junior associates as part of its plan to enhance customer service at branches. The clerical-level hiring is part of a broader intake of 18,000 employees, which includes 3,000 officers.SBI chairman C S Setty, in a letter to shareholders, said the bank is sharpening its focus on customer experience and is…
In a significant internal reshuffle, Wipro’s promoter entities executed a stake swap involving 18.05 crore shares, amounting to 1.72% of the company’s equity, through block deals on Wednesday. The transaction, valued at approximately Rs 4,674.77 crore, was carried out at an average price of Rs 258.99 per share.According to stock exchange data, the Azim Premji…
The Indian automobile industry faces potential production challenges. (AI image) China’s hold on rare earth magnets has left the Indian auto industry worried. A contingent of automotive industry delegates is preparing to visit China to facilitate rare earth magnet imports for Indian companies, according to industry insiders.The Indian automotive sector has been compelled to take…
ITR Filing: Under the new tax regime, standard deduction from salary has increased to Rs 75,000 from Rs 50,000. (AI image) ITR filing FY 2024-25: By June 15, 2025, employers must issue Form 16 to their salaried taxpayers for the fiscal year 2024-25. This year’s Form 16 will have several modifications based on the amendments…
Non-banking financial companies (NBFCs) outpaced commercial banks in credit growth during fiscal year 2025, clocking a sharp 20% increase compared to the banking sector’s 12% rise, according to a report by the Boston Consulting Group (BCG).The surge was largely driven by the Gold NBFC segment, helping boost the total net advances in the NBFC sector…
he SUD Life NIFTY Alpha 50 Index Pension Fund diversifies across high-growth sector. (AI image) Star Union Dai-ichi Life Insurance Company has launched a new equity fund for its pension plan customers. The SUD Life NIFTY Alpha 50 Index Pension Fund brings a focused approach to long-term wealth creation by investing in 50 high-performing stocks…
Gold price prediction: Silver looks set to outperform gold in the current year. (AI image) Gold price prediction today: Gold rate is expected to see a limited upside in the short-term, feel analysts. As global trade tensions show signs of easing with progress on US-China trade deal talks, the safe haven appeal of gold is…
BENGALURU: Meesho formally transitioned into a public limited company, shows filings with the ministry of corporate affairs. The move came as the firm advanced its plan to shift legal domicile from the US to India and restructure operations under a single onshore entity. Meesho is preparing for a potential $1 billion IPO. Source link
A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury secretary Scott Bessent.US President Donald Trump said Friday he would name a successor “very soon” to replace Jerome Powell, whose term as Fed chair ends in May 2026. The…
NEW DELHI: In one of the first major companies to go for production cuts due to a shortage in rare earth magnet supplies from China, top carmaker Maruti Suzuki decided to cut back on the initial production schedule for its first electric car, the e-Vitara, by over two-thirds in the first half of this fiscal…