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Razorpay says tier-II, III cities main drivers of online transactions in 2020
New Delhi: Online transactions grew 80 per cent in 2020 over the previous years, driven by strong adoption of digital transactions in tier-II and III cities, according to a report by fintech firm Razorpay. The report pointed out that UPI transactions outgrew cards, net banking and wallets with 120 percent growth in 2020. Razorpay said […]
Press Trust of IndiaJanuary 13, 2021/11:10 AM IST -
Mount honest attempts to settle litigation for revenues in FY22, avoid new taxes in Budget: SBI report
Mumbai: SBI economists have pitched for avoiding new taxes and urged the government to settle past litigations. “There must not be any new taxes in the Budget. Let us have a tax holiday budget, with carefully crafted policies for immediate fiscal lubrication. A gamechanger in the budget could be an honest attempt to settle cases […]
Press Trust of IndiaJanuary 13, 2021/10:03 AM IST -
Trust AMC launches maiden mutual fund
New Delhi: Trust Asset Management Company on January 12 announced the launch of its maiden mutual fund. | The new fund offer (NFO), Trust MF Banking & PSU Debt Fund, is an open-ended debt scheme predominantly investing in debt instruments of banks, public sector undertakings, public financial institutions and municipal bonds. The NFO will open […]
Press Trust of IndiaJanuary 13, 2021/9:05 AM IST -
I-T returns: Income Tax Department says 5% more returns filed this year
New Delhi: Income tax returns filed this year have risen by about 5 percent to nearly 6 crore, the I-T Department said. Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10. The ITR filing deadline for individuals ended on January 10 while for […]
Press Trust of IndiaJanuary 13, 2021/8:47 AM IST -
IBM receives record 9,130 US patents in 2020; India second-highest contributor
New Delhi: Tech giant IBM on Tuesday said it has received 9,130 US patents in 2020 — topping the US Patent List for the 28th consecutive year — with India being the second-highest contributor. “IBM scientists and researchers received 9,130 US patents in 2020,marking 28 consecutive years of IBM patent leadership,” IBM said. IBM India […]
Press Trust of IndiaJanuary 12, 2021/1:58 PM IST -
D-Street movers and shakers: These stocks that moved the most on January 12
Despite opening in the red partly due to the remarks made by RBI Governor Shaktikanta Das on the stability of banks, benchmark indices staged a strong recovery and rallied for the third consecutive day to end at record highs. Sensex was up 247 points or 0.50 percent to close at 49,517 while Nifty rose 78 […]
Harsh ChauhanJanuary 12, 2021/1:24 PM IST -
Don’t let your saving sit but decide if you want it to crawl, walk or may be run for you!
Work-earn-spend, Work-earn-spend- repeat. If this is the pattern of your earning and spending, it’s time to break this chain. You work to earn and spend what you earn but you aspire to earn more, spend more and live better to fulfil your aspiration it’s just not important that you save but put your savings to […]
Priyanka SambhavJanuary 12, 2021/12:57 PM IST -
Auto lease or buy: Let the numbers talk
Indians have bought upwards of 20 million vehicles in 2019-29. Almost 13% of these are cars. So, if you are planning to buy your first car or looking at changing cars, bear in mind that most auto companies are also offering long term leasing options. It serves well to calculate your costs before deciding on […]
Kartik MalhotraJanuary 12, 2021/12:45 PM IST -
ELSS vs PPF: Which tax saving option suits you the best?
When it comes to saving taxes we often get confused whether to go for traditional Public Provident Fund (PPF) or investing in the stock market through Equity Linked Saving Schemes (ELSS). Here is a primer on what these two tax-saving schemes offer and how to choose between them: Equity Linked Saving Scheme (ELSS) What is […]
Teena Jain KaushalJanuary 12, 2021/12:43 PM IST
