Royal Enfield is calling back bikes made between November 2022 and March 2023 because of some dodgy reflectors. They’ll swap out the faulty parts for free, keeping things safe and straightforward for their riders.
The Jalan Kalrock Consortium is calling out the State Bank of India (SBI) for messing up Jet Airways' resolution plan, claiming SBI would rather scrap the airline's assets than help it get back on its feet. They say SBI's actions have made it tough for them to meet regulatory needs and keep their airport slots.
As of October 2023, the Reserve Bank of India says that 98% of the Rs 2,000 notes have been returned since they announced they were pulling them from circulation back in May. The total value of these notes has dropped from Rs 3.56 lakh crore to just Rs 7,117 crore.
Former UK PM Tony Blair thinks that by mid-century, the US, China, and India will be the big players on the world stage. He talked about this at a recent summit, stressing how important it is for countries to team up and navigate this new global scene shaped by these three nations.
SEBI just had a board meeting where they rolled out some new rules for the capital markets, but they totally skipped over the drama surrounding chairperson Madhabi Puri Buch. Plus, there was no word on the long-awaited F&O framework, which left everyone hanging.
CVS Health is planning to lay off about 2,900 employees as part of a money-saving strategy to simplify their operations and cut costs. The layoffs will affect different departments, but details are still under wraps. This decision comes after a small revenue bump, but the company is focused on saving $2 billion in the next few years.
Meet Ravi Ahuja, the Indian-American exec who's about to become the CEO of Sony Pictures Entertainment in early 2025. He’ll be taking over from Tony Vinciquerra, who's stepping down after seven years but will still hang around in an advisory role until late 2025.
Amazon just announced everyone has to return to the office five days a week, and now a shocking 73% of employees are thinking about quitting. A lot of folks are feeling pretty down about this, and many know coworkers who are already on the job hunt.
This techie decided to throw "Expert in Mia Khalifa" on his CV just to see what would happen. Turns out, it blew up online!
So, the new capital gains tax rules from the Union Budget 2024 are shaking things up for mutual fund investors. Short-term capital gains tax is now 20%, up from 15%, and long-term tax went from 10% to 12.5%. But hey, the long-term gains exemption limit just got a boost from Rs 1 lakh to Rs 1.25 lakh!