More SMEs tap hackathons to hire quality, industry-ready talent

New Delhi, Dec 7: At a time when companies descend on college campuses across the country to hire talent, a study undertaken by HR tech startup Mettl has found that smaller niche enterprises place higher reliance on hackathons to hire industry-ready talent better suited to support their digital goals. Companies said hackathons democratize hiring by […]

GST on third-party motor insurance cover may dip

GST on third-party motor insurance cover may dip

New Delhi, Dec 7: The government will soon bring a proposal before the GST Council to reduce tax on the premium being paid by vehicle owners for buying third-party (TP) insurance. Currently, the GST on third-party premium is 18% and it’s mandatory for every vehicle owner to buy the TP insurance. A reduction is expected […]

Sensex snaps 3-day losing streak; ends 361 pts higher

  Mumbai, Dec 7: Equities ended the week on a strong note even as investors awaited exit polls from five state elections. The exit polls will be declared later in the day. The 50-share index closed the session above 10,650-mark. Financials led the surge, backed by a huge jump in Kotak Mahindra Bank. Meanwhile, automobiles […]

Govt contribution to National Pension Scheme to rise to 14%

Govt contribution to National Pension Scheme to rise to 14%

New Delhi, Dec 7: In a bonanza for government employees, the Cabinet raised the government’s contribution to National Pension Scheme (NPS) to 14 per cent of basic salary from the current 10 per cent, sources said. Minimum employee contribution will, however, remain at 10 per cent. The Cabinet also approved tax incentives under 80C of […]

Krishnamurthy Subramanian appointed new chief economic advisor

Krishnamurthy Subramanian appointed new chief economic advisor

New Delhi, Dec 7: The government on Friday appointed Krishnamurthy Subramanian of Indian School of Business (ISB) Hyderabad as the new chief economic advisor for a period of three years, an official release stated. He will be serving in place of Arvind Subramanian, who left the office in July earlier this year. Currently, Subramanian serves […]

NTPC may buy Centre’s stake in SJVN, parleys on with HP govt

NTPC may buy Centre’s stake in SJVN, parleys on with HP govt

New Delhi, Dec 7: State-run NTPC is likely to acquire the Central government’s stake in SJVN Ltd, but the Himachal Pradesh government has expressed some reservations relating to this transaction, an official said. At the current market price, sale of 63.79 per cent stake in SJVN would fetch the Centre about Rs 6,700 crore. SJVN […]

As NBFCs face credit crunch, real estate sector pushed to the brink

As NBFCs face credit crunch, real estate sector pushed to the brink

New Delhi, Dec 6: Property developers could default on their repayments following the liuidity squeeze faced by non banking finance companies (NBFC), who have been major lenders of real estate in the absence of bank lending. Alongwith housing finance companies, NBFCs accounted for 61 per cent of overall commercial real estate borrowings as of March […]

MSE gets Sebi approval for weekly options on currency products

New Delhi, Dec 6: Metropolitan Stock Exchange (MSE) Thursday said it has received market regulator Sebi’s approval to launch weekly options on US dollar-Indian rupee (USD-INR) and other new currency products. The move will enable market participants to reduce their cost of hedging significantly. These new products will be available on the MSE platform from […]