Axis Bank, the country’s third-largest private lender, was hit with a Rs 1.9 crores (US$229,000) penalty from the Reserve Bank of India (RBI) earlier in September for regulatory non-compliance. But that didn’t come as a surprise to the employees of the 31-year-old bank. The irregularities at Axis Bank involved employees opening savings accounts for ineligible […]
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Planning to study or work in Europe? The good news is, obtaining a Schengen Visa has become more accessible for Indian citizens! Discover the countries with the highest approval rates and MEV issuance. Start your European adventure today! With globalization on the rise, more Indian citizens are seeking work, study, and travel opportunities abroad. As […]
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The CWS measures the activity status of a person on the basis of a reference period of the last 7 days preceding the date of survey. India’s overall unemployment rate comprising both urban and rural areas came down to 4.9% in 2023-2024 (July-June), from 5.1% in 2022-23, the Government said on Monday, quoting the results […]
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A slowdown in business activity of both the manufacturing and services sector pulled down the expansion of India’s private sector economy in September, according to a survey by HSBC on Monday. According to the survey carried out by the global banker, the headline flash composite Purchasing Managers’ Index (PMI) figure declined to 59.3 in September, […]
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HSBC Flash India Composite PMI drops to 59.3 this month from 60.7 in August: India’s private sector business activity levels expanded at the mildest pace in nine months this September, with output, new orders and export deals clocking the softest upticks so far in 2024, as per the HSBC Flash India Composite PMI Output Index, […]
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Extended deadline replaces earlier 18-month compliance window. In a significant move, the Corporate Affairs Ministry (MCA) has granted relief for “producer companies”, extending the compliance window on mandatory dematerialisation of their existing shares. Producer companies, who were earlier required to complete dematerialisation of their shares by September 30, 2024, have now been given time till […]
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