Google has proposed minimal changes following a court ruling that it illegally monopolized online search. The tech giant suggests allowing competitors on platforms like Apple's iPhones and its own Android system, while still paying for prominent search placement. The government, however, wants more drastic measures, including the sale of Google's Chrome browser.
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The ICAI may review IndusInd Bank's financial statements due to accounting discrepancies estimated at Rs 2,100 crore. The discrepancies, noted in the derivatives portfolio, could impact 2.35% of the bank's net worth. ICAI's FRRB will assess compliance with various standards and regulations.
Prime Minister Narendra Modi made his podcast debut with Nikhil Kamath, co-founder of Zerodha, discussing topics like Modi's life, politics and entrepreneurship, and global governance. So who is Nikhil Kamath and what is his net worth? We take a look:
Hero MotoCorp reported a 7.5% rise in total sales to 59,11,065 units in 2024, including significant progress in the electric vehicle segment with over 46,662 VIDA V1 e-scooters sold. The company achieved 49% growth in global business sales with eight new model launches designed for regional preferences.
PAN 2.0: PAN cardholders can get a reprinted card with a QR code. The reprint costs Rs 50. The income tax department will send the new card to your registered email address.
SBI Har Ghar Lakhpati RD: SBI has launched a recurring deposit scheme enabling customers to build a Rs 1 lakh corpus with monthly deposits. The scheme is available for resident individuals, including minors with guardians.
Union finance minister Nirmala Sitharaman's eighth budget speech highlights agriculture as a growth engine, launching various initiatives like the Prime Minister Dhan-Dhaanya Krishi Yojana and missions for pulses and cotton self-sufficiency. Despite this, the budget's focus on incremental changes and reduced agriculture allocation raises concerns about addressing deeper sectoral challenges.
The Federal Reserve decided to maintain its benchmark lending rate between 4.25% and 4.50% despite President Trump's calls for reductions. The Fed highlighted stable unemployment and solid labor conditions, while acknowledging elevated inflation. Experts are uncertain about future rate cuts amid Trump's trade and immigration policies.
Budget 2025 expectations: FICCI advises Finance Minister Nirmala Sitharaman to maintain emphasis on investments and implement next-gen reforms in Union Budget 2025. Key recommendations include boosting capex by 15% and establishing inter-state platforms for reforms in land, labor, and power sectors.
GCCs in India are set to outpace IT services in hiring for the second consecutive year, driving innovation for their parent firms. Top Indian IT companies saw a modest headcount increase in 2024 compared to the previous year. With automation and productivity gains, IT firms face slow growth, while GCCs continue to expand, creating significant job opportunities and boosting the IT sector.
Indian stock markets will be closed on February 26, 2025, for Maha Shivratri. After a strong performance by Bharti Airtel, M&M, and HDFC Bank, trading will resume on February 27, 2025. The closure is part of the NSE and BSE holiday calendar, with 14 market holidays scheduled for the year.