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SpiceJet’s CFO Ashish Kumar resigns, Joyakesh Podder becomes Deputy CFO

SpiceJet announced that Ashish Kumar, its Chief Financial Officer, has resigned, and Joyakesh Podder has taken over as Head of Finance and Deputy CFO, effective July 15, 2024.

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Zee Entertainment to raise $239 million through 10-year FCCB issue

Earlier in a filing, the company said the FCCBs would be issued to Resonance Opportunities Fund, St. John’s Wood Fund Ltd. and Ebisu Global Opportunities, on terms and conditions mutually decided between the company and the ‘proposed’ investors.

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Government reconstitutes NITI Aayog; no change in the top positions

On Tuesday, the reconstituted NITI Aayog was notified. Suman Bery remains vice-chairman with full-time members Saraswat, Chand, Paul, and Virmani. Ex-officio members are Singh, Shah, Chouhan, and Sitharaman. Special invitees include transport, health, industries, food processing, and MSMEs ministers. This…

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Union Budget 2024-25: Sitharaman participates in ‘halwa’ ceremony; marks final stage of Budget preparation

The ceremony was also attended by officers and staff who are involved in the budget preparation and compilation process.

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Observing improved private consumption, IMF ups India’s growth forecast to 7%

The International Monetary Fund has increased India’s growth forecast to 7% due to rising rural consumption. Global economy is expected to grow at 3.2% this year, with China and India contributing significantly to global growth.

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Budget 2024: Engineering sector seeks policies that will ease liquidity issues and encourage R&D

The engineering sector, a key contributor to the economy, is seeing export growth. To maintain this trajectory. It wants better access to credit and incentives to modernise technology and machinery.

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News

  • Income-tax returns: Here's how to access, file and submit your ITR-1 form using the official e-filing portal

    Income-tax returns: Here's how to access and submit your ITR-1 form using the official e-filing portal

  • Want to retire early? Achieving FIRE strategy ‘never been easier’ says this investor — We explore the opportunities

    Grant Sabatier, author of ‘Financial Freedom’, asserts achieving FIRE is increasingly feasible, despite current challenges like inflation and housing costs. For those wanting to retire early, we explore the opportunities…

  • Stock vs MF: Can stock SIPs match the discipline of Mutual Fund investing? Expert on choosing the right strategy

    Investors often err by trying to time stock purchases. Stock SIPs allow regular investments in stocks, similar to mutual funds. While they can yield significant returns, they can also backfire. 

  • Market participation is not wealth creation: 5 mistakes retail investors should avoid

    Experts underscore that there is a world of difference between rebalancing your portfolio and churning it. The former is good, the latter not.

  • Investing discipline beats market predictions: Why experts want investors to ignore the noise

    Investing should be calm and research-based, not influenced by social media hype. Experts urge investors to validate sources, consider risks, and focus on data. Maintaining discipline and sticking to personal goals is crucial for long-term success in wealth creation.

  • Can a ₹15 lakh FD generate ₹1 lakh annual income? Here's the simple calculation

    A ₹15 lakh fixed deposit can deliver a steady annual income with the right interest rate. See how a ₹15 lakh FD can generate around ₹1 lakh yearly, compare current bank FD rates, and understand the impact of taxes before investing.

  • 8th pay commission to visit Mumbai railway depts for firsthand experience of working conditions — What's on the agenda?

    8th pay commission: The panel will visit various railway departments in Mumbai to gain firsthand experience of employees' working conditions. On the agenda is observation of daily operations, duties and job risks.  

  • ‘Doesn’t matter if you win…,’ Rafael Nadal on his hotel, sports ventures and what tennis taught him about investing

    ‘Doesn’t matter if you win or lose,’ Rafael Nadal on his business ventures and what tennis taught him about investing‘Doesn’t matter if you win or lose,’ Rafael Nadal on what tennis taught him about investing

  • Which equity mutual funds topped SIP returns? These AMCs dominated the rankings

    Small-cap and mid-cap funds dominated the SIP return charts over three, five and 10 years. The rankings also reveal a handful of AMCs that consistently produced some of the best-performing equity mutual funds.

  • DA hike, bonus, minimum wage increase — Here's what Himachal Pradesh State Forest Development Corporation staff will get

    DA hike: Himachal Pradesh State Forest Development Corporation (HPSFDC) employees are set to receive a 3% hike in dearness allowance, minimum wage hike, and bonus for staff who draw up to ₹21,000 monthly salary. 

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