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Jagdeep Dhankar, jagdeep, Vice President

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

Markets Live: Indian markets are likely to be driven by the higher close on the Wall Street, after largely in-line retail inflation data there cemented hopes of a rate cut by the US Fed next week

Stock market

Sebi highlighted that these platforms operate in violation of the Securities Contracts (Regulation) Act, 1956, and the Sebi Act, 1992, which are designed to protect investors' interests

SEBI

Market experts are cautious about the outlook of small-cap stocks going forward

Smallcaps set to post biggest gain in 5 mths

Mahindra stated it will rebrand the model from BE 6E to BE 6 but plans to contest IndiGo's claims in court

BE 6e

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

The suicide of a Bengaluru techie brings intense scrutiny on India's family courts, raising questions about their ability to protect vulnerable individuals in disputes

Atul Subhash, Bengaluru Techie Suicide

The Financial Intelligence Unit (FIU) has helped in detection of undisclosed income of Rs 11,000 crore and seizure of 461 kg of narcotic drugs, the finance ministry said on Thursday.
The FIU under the finance ministry collects, analyses and disseminates information to law enforcement agencies about suspicious financial transactions pertaining to money laundering, terror and proliferation financing.
The intelligence shared by FIU-IND with agencies has led to Rs 983 crore worth of assets attached, Rs 2,763 crore worth criminal proceeds identified and Rs 10,998 crore undisclosed income detected.
Besides, it helped in seizure of 461 kg of narcotic/psychotropic substances, levy of Rs 39.14 crore penalty and 184 arrests in money laundering and terror financing cases.
In a post on X, the finance ministry also said 46.31 per cent higher refunds were issued between April-November 27, 2024, during FY25. Refunds amounting to Rs 3.08 lakh crore issued during this period.

Finance Minister Nirmala Sitharaman with her team outside the finance ministry in Delhi on July 23

Power distribution utilities (discoms) legacy dues have come down by a whopping 82 per cent in over two years to Rs 24,684 crore this month, Parliament was informed on Thursday.
Around 13 states reported arrears amounting to Rs 1,39,947 crore as of June 3, 2022, and rescheduled them into EMIs (equated monthly installments), Minister of State for Power Shripad Naik said in a written reply to Rajya Sabha.
The minister said after the payment of 29 EMIs by the distribution utilities, including pre-payment of legacy dues by some utilities, the outstanding dues have reduced to Rs 24,684 crore as of December 6, 2024.
The discoms have paid Rs 1,15,263 crore outstanding since June 2022, he added.
In another reply, Naik said that the Ministry of Power, in consultation with states, has envisaged a plan to add thermal capacity of a minimum 80,000 MW by 2031-32.
Against this target, 29,200 MW thermal capacity is already under construction while 51,520 MW is at various stages of planning & ...

power, electricity, plant, renewables, thermal

3 Samsung employees were present in the vicinity of the search when the watchdog's officials detained them, seized their phones and copied all the confidential and privileged data, the company said

Samsung

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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FIU helped detecting Rs 11k cr undisclosed income, 461 kg narcotics: FinMin

Outstanding dues of discoms decline 82% in over 2 years to Rs 24,000 cr

Samsung accuses India watchdog of detaining employees, seizing data

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Withdraw your PF instantly from ATMs starting 2025: How it benefits you

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