India’s public procurement portal Government e-Marketplace (GeM) has facilitated sales of around Rs 3 trillion so far in the current financial year, which suggests that it will surpass last year’s performance by a wide margin. In 2023-24 the portal handled procurement of Rs 4 trillion by the government departments in both centre and states, and
By Neeraj Agarwala I am planning to take an education loan for my son’s higher education in a management institute in Mumbai. What tax benefit will I get? Arvind Kumar Sharma When you take an education loan for your son’s higher education, you can claim a tax deduction under Section 80E of the Income Tax
Despite its shareholders like Sweden’s EQT and Singapore’s Temasek starting the process of exiting the company, renewable energy firm, O2 Power, is looking to scale up from 1.1-1.5 Gw to 2.5-3 GW a year. Founder and CEO Parag Sharma in an interview with Raghavendra Kamath discusses future plans and how raising funds will not be
Freight volume on the dedicated freight corridors has zoomed in the current financial year and are at double the level of last fiscal. This is helping the corridors, the eastern and western segments of which became operational last year, to raise its share in the overall freight volume handled by the country’s rail network. According
CGHS News: In a big development for central government employees and pensioners, as many as 19 hospitals have been removed from the Central Government Health Scheme (CGHS) panel list in the Delhi-NCR region. The action has been taken against these 19 hospitals by the health ministry as they were found indulged in fraudulent practices like
Among the plethora of big bikes launched yesterday, KTM also brought its flagship adventure bike– 1290 Super Adventure S. Known for its legendary road-biased and adventure touring capabilities, the 1290 Super Adventure will only be offered in flagship KTM dealerships in cities like Bangalore, Pune, and Delhi as a fully-imported CBU model. KTM 1290 Super
Tata Motors recently updated the Advanced Driver Assistance System (ADAS) suite over OTP for the two full-size SUVs — the Harrier and the Safari. Both the SUVs offer ADAS suite from Adventure + A trim onwards. The ADAS range of the Harrier and the Safari start from Rs 21.69 lakh and Rs 22.49 lakh, ex-showroom.
Winter is coming! And no, we’re not talking about cosy sweaters and hot cocoa—unfortunately, it’s the kind of winter that brings the toxic smog blanket. Apologies for bursting your bubble, but the air pollution in the National Capital Region is at an all-time high. In fact, New Delhi was recently crowned the “Most Polluted City
Marcellus Investment Managers has seen its Portfolio Management Services (PMS) assets under management (AUM) decline sharply by 64% from Rs 12,704 crore in October 2022 to Rs 4,734 crore currently. The primary reason? Valuation missteps in stock selection, as acknowledged by the firm itself. In a post on social media platform X, Kanan Bahl, CA
Since the Securities and Exchange Board of India (SEBI) permitted the launch of silver Exchange-Traded Funds (ETFs) in November 2021, these funds have witnessed remarkable growth. By January 2025, the total Assets Under Management (AUM) for silver ETFs surpassed Rs 13,500 crore, with over six lakh investor folios. As of that date, there are 12
The China Securities Regulatory Commission (CSRC) has suggested implementing salary reductions of up to 50% for fund managers whose investment products either incur losses or fail to meet benchmarks by 10% or more. This initiative, announced on March 14, 2025, is part of efforts to reform China’s $4.6 trillion mutual fund sector in light of
The Central Pension Accounting Office (CPAO) has issued new guidelines to ensure timely pension to retired employees of the National Pension System (NPS). In an Office Memorandum (OM) issued on March 12, 2025, the CPAO has reminded the concerned officials that NPS pension cases should be processed in the same manner as the Old Pension
Securing your children’s financial future is one of the most important responsibilities of a parent. From education and marriage to other key life expenses, your growing children will need financial support at different stages. To ensure they have the necessary funds when required, it’s essential to diversify your investments across different schemes. In India, several
