Category: Business

NEPRA hikes electricity prices by Rs. 2.56 per unit – SUCH TV

August 8, 2024 Admin No Comments

Electricity prices across Pakistan have been increased by Rs2.56 per unit for the month of June. The National Electric Power Regulatory Authority (NEPRA) issued the decision in response to a fuel adjustment request, raising electricity prices. The Central Power Purchasing Agency (CPPA) had initially requested an increase of Rs2.63 per unit, but NEPRA approved a…

Business

Unacademy CEO Picks $400 Burberry T-shirt For ‘No Appraisal’ Announcement Meeting – News18

August 6, 2024 Admin No Comments

Published By: Business Desk Last Updated: August 06, 2024, 18:10 IST Purportedly dressed in a $400 (Rs 33,000 approx.) Burberry T-shirt, the CEO’s ironical appearance has everyone’s attention. Unacademy Announces ‘No Appraisals’ For Employees While the wave of layoffs continues to hit multiple industries, Unacademy, a major player in the Indian edtech sector, is not…

Business

SBI Customers Beware! Govt Issues Warning On New Scam Messages – Important Details Inside

August 4, 2024 Admin No Comments

New Delhi: The government has issued a warning to State Bank of India (SBI) customers about a new fraudulent message circulating on social media. This scam involves a message claiming to be from SBI, instructing recipients to download an APK file to redeem reward points, according to the Fact Check Unit of the Press Information…

Business

How do interest rates affect inflation and mortgages?

August 1, 2024 Admin No Comments

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email The Bank of England is set to announce its decision on whether interest rates will be cut later today as experts say the decision is “on a knife-edge.” Some analysts are hoping the…

Business

Min balance fines fetch PSBs Rs 8.5k crore in 5 years – Times of India

July 31, 2024 Admin No Comments

MUMBAI: Public sector banks have collected Rs 8,495 crore over five years from depositors who did not have enough money in their savings accounts by way of fines for not maintaining minimum balance. This works out to an average of Rs 1,699 crore a year and is more than what govt has budgeted for incentivising…

Business

Chancellor to axe projects immediately after review of finances

July 28, 2024 Admin No Comments

Getty Images Rachel Reeves claims the Tories masked the true state of UK public finances then “ran away”. The chancellor is set to announce immediate cuts worth billions of pounds, aimed at plugging a £20bn black hole in the finances, when she addresses Parliament on Monday. Rachel Reeves’ plans are expected to include the cancellation…

Business

China and Saudi Arabia expected to roll over $9 billion debt for Pakistan | The Express Tribune

July 26, 2024 Admin No Comments

Pakistan is anticipated to secure a rollover of $9 billion in debt from China and Saudi Arabia for the fiscal year 2024-25. In addition, Pakistan is seeking funding for the Diamer-Bhasha Dam project. Sources from the Ministry of Economic Affairs indicate that Pakistan expects a $500 million facility from the Islamic Development Bank for oil…

Business

Gold prices record massive increase in Pakistan – SUCH TV

July 24, 2024 Admin No Comments

Gold prices increased in Pakistan following upward trend in the global market, according to local association. Following a dip on Tuesday, the local price per tola climbed by Rs2,300 to reach Rs252,800. The 10-gram gold also saw an increase, selling at Rs216,735, up by Rs1,972, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA)….

Business

‘Must Keep Tax Structure Simple to Expand Tax Base’: Ex-NITI Aayog Vice-Chairman Rajiv Kumar’s Lowdown Ahead of Budget 2024 – News18

July 22, 2024 Admin No Comments

Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarji Desai. In the build-up to the Union Budget, economist and author Dr Rajiv Kumar, Chairman, Pahle India Foundation, and former Vice Chairman, NITI Aayog, shares…

Business

Microsoft Outage: Chaos Continue At Delhi Airport – DigiYatra Down, IndiGo Faces Long Queues

July 20, 2024 Admin No Comments

New Delhi: Several Flights at Indian airports faced delays on Saturday due to a global tech outage caused by an update to Microsoft’s cloud services on Friday. Although reports suggested that the outage had been resolved, problems persisted at Delhi and Chennai airports. Passengers experienced long queues at check-in counters, slow check-ins and the DigiYatra…

Business