business

ICICI Prudential Life Insurance mega IPO opens

The biggest initial public offering (IPO) in nearly six years of ICICI Prudential Life Insurance, began on Monday, with investors bidding for 4.08 lakh shares within the first 10 minutes of the bidding process. As reported by ET, the issue has 0.30% subscription against the issue size of 13.23 crore shares[Read More…]

Only 21% feel GST reduced monthly grocery bills: Survey

GST Bill a law after President Pranab Mukherjee’s assent

President Pranab Mukherjee on Thursday signed the government’s flagship Goods and Services Tax or GST Bill, which will do away with the indirect taxes and usher in one tax for the entire country. With the President’s assent, the constitution amendment act will be notified. Sixteen of the country’s 29 states[Read More…]

Financial exclusion: RBI mulls opening door to Islamic finance

The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world. The RBI made the proposal in its annual report last week, as departing central[Read More…]

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