Indian Economy
Nearly 30% hike sees SCR get highest ever allocation in budget 2022-23
Stating that it is the highest ever allocation to SCR, its General Manager Sanjeev Kishor said Thursday that compared to Rs 7,049 crore for the year 2021-22, the fund allocation has been increased by nearly 30 per cent for the current fiscal. The 'Pink Book', a compendium containing all the details about the infrastructure works, demands for grants and comprehensive details of budgetary allocations for carrying out various works in Railways, was tabled in Parliament on Wednesday.
After cryptocurrencies, money laundering via NFTs next big worry
According to a report by Blockchain data platform Chainalysis, they found a small but growing portion of activity on NFT marketplaces that could be attributed to money laundering. "While money laundering in physical art is difficult to quantify, we can make more reliable estimates of NFT-based money laundering thanks to the inherent transparency of the Blockchain," the report said late on Wednesday.
Equity settles in red, Nifty IT top losers; sugar stocks gain
Among the sectoral indices, Nifty IT, realty and financial services tanked the most on Thursday, while Nifty auto and consumer durable traded in the green, the NSE data showed. On the specific stocks front, HDFC, ONGC, SBI Life, Grasim Industries, Infosys were the top losers, while Hero Motocorp, Bajaj Auto, Divi's Labs, Maruti Suzuki, and ITC the top runners.
Google empowered nonprofits with over $2 bn in 5 years
Google.org committed to contributing $1 billion to organisations around the world that are working to create opportunities for everyone. In addition to grants and employee contributions, Google said it has donated over $7 billion in Ad Grants since 2017. The pandemic resulted in Google.org's biggest-ever mobilization of resources to focus its efforts in areas where it can have the most impact, such as health and science, distance learning and economic relief and recovery.
Google empowered nonprofits with over $2 bn in 5 years
Google.org committed to contributing $1 billion to organisations around the world that are working to create opportunities for everyone. In addition to grants and employee contributions, Google said it has donated over $7 billion in Ad Grants since 2017. The pandemic resulted in Google.org's biggest-ever mobilization of resources to focus its efforts in areas where it can have the most impact, such as health and science, distance learning and economic relief and recovery.
Blume Global continues rapid growth in India, incorporates LiveSource acquisition to wider market
Blume Global, a leading provider of true end-to-end supply chain visibility technology solutions, has experienced exponential growth in India in less than two years. Since its Bangalore office opened in 2020, the India team has grown to nearly 400 employees, representing a $10 million investment in the local community.
400 Vande Bharat trains: Rs 40,000 Cr business opportunity and jobs
Presenting the Union Budget for 2022-23, Indian Finance Minister Nirmala Sitharaman said 400 new energy-efficient Vande Bharat trains will be introduced in three years. Indian Railways officials preferring anonymity told IANS that 400 Vande Bharat trains over the next three years is not just headline catching announcement. It is about Rs 40,000 crore business opportunity that would also create 15,000 jobs and several spin-off benefits.
Tesla faces lawsuit from former employee
Barker, in the suit said that Tesla failed to address racist abuse directed towards her by a coworker and that it retaliated against her when she tried to report the abuse, reports Insider. Barker, in her complaint, states that she was subjected to racial and homophobic insults during her stint at the company. Her complaint also mentioned instances of physical attacks on her at the facility.
Cap on surcharge of long-term capital gains provides relief to HNIs
Such surcharge is already fixed at 15 per cent for capital gains arising from on-market sale of equity shares and certain other securities, capital gains arising from any other capital asset are subject to a surcharge as high as 37 pert cent, depending on the total income of the taxpayer.
Banking indices outperform broader markets, rise 10-20% in Jan
In the past one-month period, Nifty bank index rose nearly 11 per cent to 39,330 points. Just on Wednesday, it gained over 2 per cent. Besides, credit card spending also continued to be strong, the brokerage house said. During the past month, Nifty PSU bank and Nifty private bank rose 21 per cent and 10 per cent, respectively. On Wednesday too, these two indices jumped sharply.
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