The Employees’ Provident Fund Organisation (EPFO) has set the interest rate on employees’ provident fund (EPF) deposits at 8.25% for the financial year 2024-25, according to PTI sources. The EPFO has more than 65 million subscribers. Monitoring your PF balance allows you to keep an eye on the progress of your funds and guarantees that…
Indian stock market: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday, following a sharp sell-off in global markets. Asian markets traded lower, while the US stock market slumped, with the Nasdaq posting its deepest one-day percentage drop in a month. On Thursday, the Indian stock market…
MUMBAI/NEW DELHI: Government on Thursday named finance secretary Tuhin Kanta Pandey as the new Sebi chairman, opting for a civil servant to once again lead the market regulator after current chairperson Madhabi Puri Buch, a former ICICI Bank executive, faced controversies, including allegations of conflict of interest. Buch’s term ends on Friday. Pandey, who turns…
Feb 28, 2025 12:11 AM IST SEBI chairperson Madhabi Puri Buch’s tenure ends on March 1. She took office on March 2, 2022, as the first woman to lead the regulator. Finance secretary Tuhin Kanta Pandey has been appointed as the new chairman of the Securities and Exchange Board of India (SEBI) for a three-year…
Amazon Web Services (AWS) has introduced Ocelot, its first quantum computing chip. The news brings it into line with its big cloud rivals Microsoft and Google, which have also unveiled their own quantum chips in recent months, respectively Majorana and Willow. The cloud computing giant has long been investing in the quantum computing space, starting…
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Wires and Cable stocks like Polycab Ltd., Havells India Ltd., KEI Industries Ltd., RR Kabel Ltd. and Finolex Cables Ltd. have declined up to 21% on Thursday, February 27. The fall comes after India’s largest cement company, UltraTech Cement Ltd., announced a foray into this space on Tuesday. Shares of Polycab and RR Kabel are down…
JP Morgan CEO (Chief Executive Officer) Jamie Dimon, who recently sparked a controversy for his stance on remote work, has reiterated his belief saying that work from home is not always the way to go. In a recent interview with CNBC, Dimon talked about an earlier town hall with employees of JP Morgan Chase, where…
Last Updated:February 26, 2025, 10:49 IST With the help of IIT Madras, Waterfly Technologies is preparing to develop a unique sea car. It will complete the journey from Kolkata to Chennai in just three hours, and its fare is claimed to be only Rs 600 These electric sea-gliders will be wing-in-ground (WIG) crafts that take…
Weak US data and tariff threats boost hopes for a Federal Reserve interest rate cut. Gold price consolidates the prior day’s losses and is looking for support on Wednesday. Market sentiment tries to snap Tuesday’s negativeness and could support Gold price. Gold’s price (XAU/USD) trades near $2,910 at the time of writing on Wednesday, consolidating its…
