The Reserve Bank of India (RBI) on May 19 said it is withdrawing Rs 2,000 notes from circulation. The central bank also advised banks to stop issuing Rs 2,000 denomination banknotes with immediate effect.However, the banknotes in Rs 2,000 denomination will continue to be legal tender, the RBI said in a release. The RBI has advised the public to deposit Rs 2,000 banknotes into their bank accounts o...

The government hiked the securities transactions tax, or STT, on the sale of futures and options in the Finance Bill passed in the Lok Sabha on Friday.For sale of futures in securities, the STT rate has been increased from 0.01% to 0.0125%, which translates to an increase of 25%. This means that for a trade value of Rs 1 crore, an STT of Rs 1,250 will be payable from April 1 this year as against R...

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Saturday, 25 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at Rs 106.31 per litre, and diesel is selling at Rs 94.27 per litre...

The Rs 865 crore initial share sale of electronic manufacturing services firm Avalon Technologies will open for public subscription on April 3.The three-day initial public offering (IPO) will close on April 6, and the bidding for anchor investors will open on March 31, according to the red herring prospectus (RHP).The company’s Rs 865 crore IPO comprises Rs 320 crore from the fresh issuance of e...

In the Indian business space, several prominent figures have made their mark with their entrepreneurial ventures and leadership skills, making billions in the run. Like life in general, businessmen have to pass the baton to the next generation with the heavy responsibility of leading the companies — In most cases, to their heirs and heiresses.In this article, we take a look at five of the most w...