Experts say they may now be slightly better placed as customers looking for tax-free returns under Rs 5 lakh investment a year may now choose their guaranteed products

Business Standard

Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC

e-rupee, digital currency

Once an account is settled with the highest bidder paying their bid amount, then it frees part of bank's locked fund in an account which could be used for lending purposes

Bank

SVB collapse likely to force Fed to go slow on rate hikes, say analysts

Rupee, bonds market, funds

SVB now threatens the start-up ecosystem, which is already in the throes of a funding winter due to raising interest rates

SVB, Silicon valley bank

Banks need a multi-pronged strategy to boost presence in start-up ecosystem following SVB's collapse, say experts

Kremlin defiance is growing as efforts by the US and its allies to isolate Russia over its invasion of Ukraine are stalling in the face of reluctance among other countries to join

Russian President Vladimir Putin

Bloomberg

Linking PAN with Aadhaar, submission of Form 12B are other tasks that must be completed be before this date

Here are some of the key ones you need to accomplish

Fitness, will and long hours of training are needed to make a mark in a sport that is gaining viewers in India

boxing

Build emergency corpus, buy adequate life and health insurance, and don't take on too much debt

family insurance

PAN-Aadhaar link last date: The Income Tax Department has fixed the last date to link the two cards as March 31, 2023, but the users will have to pay a penalty of Rs 1,000

Non-linked policies must be availed of by that deadline to earn tax-free return without cap

It is expected to be introduced in Parliament's monsoon session

taxes, tax, taxing, audit

Paytm UPI LITE brings single-click payments that never fail even when banks have success rate issues during peak transaction hours

Paytm

IANS

"The dollar index is not stretching as the typical risk-off scenario. Unless commercial activity drops across the world, which does not seem to be the case, we may not see any major impact"

Reuters

The rupee appreciated by 4 paise to 82.33 against the US dollar in early trade on Wednesday, tracking positive sentiments in the domestic equity market and relatively weaker dollar against major currencies.
At the interbank foreign exchange, the domestic unit opened stronger at 82.32 against the US dollar and then gained ground to 82.30. Later, it slipped to 82.33 against the greenback, registering a rise of 4 paise against its previous close.
On Tuesday, the rupee settled at 82.37 against the US dollar.
Anand James, Chief Market Strategist at Geojit Financial Services, said there could be slippage to 82 level. "It would require consistent trades above 82.36 to rekindle positivity again."
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.10 per cent lower at 103.49.
Global oil benchmark Brent crude futures rose 1.21 per cent to USD 78.39 per barrel.
The 30-share BSE Sensex was trading 403.21 points or 0.70 per cent higher

Indian rupee

The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.10 per cent lower at 103.49

Press Trust of India

RBI has raised policy repo rate by 250 basis points in stages to 6.5% in February 2023

banks

A rebound in the dollar index, caused by the global flight to safety of the US currency, took a toll on Asian currencies, including the rupee

Indian rupee, rupee, rupee vs dollar

In his interview with Tesla owner Elon Musk, former president Donald Trump unveiled a bold new proposal, announcing what he called the largest mass deportation effort in US history

Of the seven opposition legislators named, two are women and the FIR includes charges which can fetch imprisonment for a decade

The death toll stands at three after a powerful earthquake of magnitude 6.8 jolted Afghanistan on Tuesday, Khaama Press reported citing the Taliban-led Ministry of Public Health of Afghanistan.At least 44 people have been injured due to the quake, the strong tremors of which were also felt in Pakistan.However, the casualties may rise as the earthquake reported was powerful and felt in most parts of the country."There could be more casualties as the quake was so powerful in most parts of the country," including Badakhshan, Takhar, and Laghman provinces, Sharafat Zaman, a spokesperson for the public health ministry said to Khaama Press.Also, it is reported that the majority of fatalities and injuries occurred when people's homes' roofs fell in various regions of the nation. Furthermore, according to Shafiullah Rahimi, a spokesperson for the ministry in charge of disaster mitigation of the Taliban, two individuals died as a result of the earthquake in the province of Laghman, the Afghan .

The death toll stands at three after a powerful earthquake of magnitude 6.8 jolted Afghanistan on Tuesday, Khaama Press reported citing the Taliban-led Ministry of Public Health of Afghanistan.

The Supreme Court on Wednesday agreed to constitute a special bench to hear a plea by Bilkis Bano, who was gang-raped during the 2002 Gujarat riots, against the remission of sentence of 11 convicts in the case.
A bench of Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala assured Bano, represented through her lawyer Shobha Gupta, that the new bench will be formed.
Gupta mentioned the matter for urgent hearing and said that a new bench needs to be constituted.
"I will have a bench constituted. Will look at it this evening," the CJI said.
Earlier, on January 24, the hearing on Bano's plea challenging the remission of sentence of 11 convicts in the gang-rape case by the Gujarat government could not be held in the top court as the judges concerned were hearing a matter related to passive euthanasia as part of a five-judge Constitution bench.
Besides the plea challenging the release of the convicts, the gang-rape survivor had also filed a separate petition seeking 

The Supreme Court on Wednesday agreed to constitute a special bench to hear a plea by Bilkis Bano, who was gang-raped during the 2002 Gujarat riots, against the remission of sentence of 11 convicts

In Adobe Experience Cloud, customers will be able to move seamlessly between Sensei GenAI services and existing features, right within their workflows, the company said during the 'Adobe Summit'

Platform will serve financial services, telecom, manufacturing healthcare and other sectors

Currently, overall power tiller industry in India is around 60,000 units and it is expected to grow to 100,000 units by the year 2025, VST Tillers said.

Power Tiller; Image courtesy: Greaves Cotton

Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23

TikTok

Global development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.

Mahindra

The Rs 600 crore investment will result in an ownership of between 9.97 per cent to 13.64 per cent for IFC in NewCo.

But, no big crowd was seen in New York City on Tuesday despite a heavy presence of media representatives on the venues

Donald Trump

Elon Musk's unilateral decision-making, which more often than not is opposite to the official stance of the US, has caused a headache for the Biden government, and it is difficult to shrug off

Elon Musk

The National Financial Reporting Authority (NFRA) has held an interaction with members of the life insurance industry to discuss the proposed changes in Ind AS 117 -- accounting standard for insurance contracts.
Ind AS 117 is based on high quality global standard IFRS 17, insurance contracts issued by the IASB (International Accounting Standard Board) of IFRS foundation. It is going to help investors and others to better understand insurers' risk exposure, profitability and financial position.
Ind AS 117 is specifically designed to capture the unique features of the insurance and investment contracts of the insurance entities, according to an official release.
"Given the importance of the insurance sector, it was important to appreciate the practices and standards followed by the industry and the expected benefits of their convergence with international standards and best practices," Ajay Bhushan Pandey, Chairperson, NFRA, said.
Further, the discussions were also held with ...

insurance industry, insurance

Ind AS 117 is specifically designed to capture the unique features of the insurance and investment contracts of the insurance entities, according to an official release

Reliance Capital is undergoing bankruptcy proceedings since November 2021 after defaulting on loans worth Rs 24,000 crore

Niva Bupa Health Insurance on Thursday announced the launch of health insurance policy 'ReAssure 2.0'.
The first of its kind indemnity plan offers lock-in of entry age until a policyholder makes his/her first claim, thereby helping customers save on premiums.
Niva Bupa Health Insurance MD and CEO Krishnan Ramachandran said with this product, "we have addressed the prevailing concerns of customers which act as a hindrance during health insurance purchase.
"We have designed this product in a unique way that will encourage customers to start investing for their health and financial security at an early age," Ramachandran said.
This new-age indemnity plan offers 'live healthy' benefit that gives premium discount of up to 30 per cent on policy renewal basis health points earned.
Other benefits include, no capping on room rent, any hospitalisation of 2 hours and above to be covered, Smart Health+ rider  offering unlimited tele consultations - and Day 1 coverage for diabetes and ...

Health Insurance

Niva Bupa Health Insurance on Thursday announced the launch of health insurance policy 'ReAssure 2.0'

Accident cover of Rs 5 lakh also includes OPD treatment in cases where hospitalisation is not required

The central bank's report seeks to nudge banks and financial institutions to catalyse risk mitigation from climate change

Sri Lanka

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