Leadership Shakeup at BluSmart Amid Financial RestructuringÂ
BluSmart Mobility, India’s first and largest all-electric ride-hailing service and platform, is navigating a major transition, with multiple top executives stepping down as the company restructures its operations to improve financial stability. CEO Anirudh Arun, Chief Business Officer Tushar Garg, Chief Technology Officer Rishabh Sood, and VP of Experience Priya Chakravarthy have all exited, sources…
Shipra Prajapati
Kotak Mahindra Bank eshapes Leadership: Kapasi and Todiwala Step into Key Roles
Kotak Mahindra Bank has announced strategic leadership appointments, with Vyomesh Kapasi taking over as the Head of Products – Consumer Bank and Shahrukh Todiwala stepping in as the Managing Director & CEO of Kotak Mahindra Prime Limited (KMPL). Announcing the changes, Ashok Vaswani, MD & CEO of Kotak Mahindra Bank Ltd, said, “These appointments underscore…
abhinav singh
New India Cooperative Bank GM Hitesh Mehta Arrested
A holiday Mumbai court hearing on Sunday, February 16, remanded Hitesh Mehta, GM (General Manager) and accounts head of the New India Cooperative Bank, in Police custody till February 21. The 57-year-old Hitesh Mehta is accused of withdrawing Rs 122 crore from the lender’s Prabhadevi and Goregaon branches. The alleged fraud was discovered on Wednesday,…
Vipin
Income Tax 2025 vs. DTC – Will You Save or Pay More?
The Finance Minister of India will present a New Income tax Bill in the Parliament today, i.e., on 13-02-2025 at 11 am. The new bill is said to bring significant changes to the existing Income Tax Act 1961, making it simpler and easier for the general taxpayer to comprehend. Moreover, according to the Economic Times,…
Suryansh
Before Budget 2025, FM to Table the Economic SurveyÂ
Finance Minister (FM) Nirmala will present the union budget 2025-26 tomorrow, February 1. However, ahead of that, India’s FM will table the economic survey for 2024-25 in parliament today, January 31, 2025. The document evaluates key economic indicators, including deceleration and rupee depreciation, against the US dollar and changes in consumer spending. The pre-budget document…
RBI Injects ₹40,000 Cr Into The Indian Banking System
The Indian banking system recently experienced a liquidity deficit of ₹2 lakh crore, with an average deficit of ₹1.5 lakh crore as of January, the RBI data shows. To address this deficit, the Reserve Bank of India injected around ₹40,000 crore into the banking system. The RBI used bids worth ₹30,760 from the overnight variable…
Himanshu
Indian Banks Introduce New FD Schemes to Boost DepositÂ
Amid liquidity shortage, top banks are changing fixed deposit rates using special tenures, senior citizen benefits, and bulk deposit schemes. Among all banks, IDBI Bank is the latest to launch higher rates for super senior citizens (aged 80 years or more). Bank of Baroda has initiated a liquidity fixed deposit scheme. IDBI Bank’s ‘IDBI Chiranjeevi-Super…
ABHYUDAYA MITTAL
The Best Online Money Earning Apps to Boost Your Income
In today’s digital-first world, smartphones have become more than just communication tools—they’ve become a gateway for earning money. With a host of online money earning apps available, people can make extra income with minimal effort. But how do you navigate through the sea of options? Let’s explore some of the best apps to help you…
Private Banks At Risk Due To High Employee Attrition
The Reserve Bank of India (RBI) reported high employee attrition among private sector and small finance banks (SFBs). It has grown by 25%, posing a significant risk to operational activities. This increased employee attrition can significantly disrupt customer services, result in a loss of institutional knowledge, and increase recruitment costs. The RBI stressed on several…
The Government Plans To Infuse Rs 500 Crore In IFCIÂ
In the second half of Fiscal Year 2024, IFCI reported a Rs 22 crore loss, with the first half losses grossing Rs 170 crore. This significantly impacted the company’s growth and financial health. The Indian Government now plans to invest Rs 500 crore into the company to improve its financial health. This move might grow…