Credit card dues have grown by 30 per cent in the last year, which is double the pace of growth of overall bank loans, The Times of India (ToI) has reported. This has resulted in a situation where the credit card due payments have crossed the Rs 2 trillion mark for the month of April.

However, the report said lenders do not see this as something to be worried about as they see the share of credit card dues as small. Notably, the Reserve Bank of India has expressed its concern about growing unsecured bank credit.

India will remove additional duties on eight US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's measure to increase tariffs on certain steel and aluminium products, government sources said.

During the recent state visit of Prime Minister Narendra Modi to the US, both countries decided the termination of six WTO (World Trade Organisation) disputes and the removal of these retaliatory tariffs on certain US products.

Fintech major Paytm could add 15 million new customers for soundbox devices in the next 2-3 years, said a Bank of America (BofA) Securities report, which admitted that competition is high but Paytm has a first-mover advantage in this segment.

“Paytm was the first company in India to start deploying Soundboxes at scale and in the process, created a new market. As a result, Paytm has first-mover advantage in this space,” said the report.

Embattled Adani group is eyeing a 20 per cent year-on-year growth in pre-tax profits to reach Rs 90,000 crore EBITDA in 2-3 years on the back of robust growth in businesses ranging from airports to energy, according to a company note.

Earlier this month, the group repaid loans aggregating $2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.

Praising Prime Minister Narendra Modi after he returned from his maiden state visits to the United States and Egypt, Union minister Meenakashi Lekhi on Monday said that the respect and honour the PM received on foreign soil is for the whole nation.

"The respect and honour Prime Minister Narendra Modi recieved during this state visit, that is for the whole nation," Lekhi said here.

During PM Modi’s visit to the US, Sundar Pichai, Google CEO and Andy Jassy, CEO of Amazon, announced big investment plans after their talks with Prime Minister Narendra Modi. This is an exciting step for India’s digital landscape.

These initiatives are intended to promote local language content, foster digital transformation, open up new job opportunities, and increase international trade in Indian goods.

The investigative wing of the Central Board of Indirect Tax and Customs (CBIC) has slapped a show cause-cum-demand notice on HDFC Life Insurance Company for an amount of Rs 942.18 crore.

This notice pertains to charges of wrongly availing the input tax credit without the underlying supply of services.

Tata Consultancy Services (TCS), India’s largest IT services player, in a statement said that the media report suggesting the involvement of senior executives in bribes for jobs from recruitment firms relates to a breach of the company’s Code of Conduct by certain employees and vendors. It also said that there was no financial impact and does not involve any fraud.

TCS made these clarification to the exchanges in a filing, as a media report said that senior executives involved in hiring thousands of personnel took bribes from staffing firms. The story also stated that TCS’s Resource Management Group (RMG) head has been accepting commissions from staffing firms.

The Madhya Pradesh government will impart industry-oriented training to youngsters and pay them a monthly stipend of Rs 8,000 to Rs 10,000 for a year under the Mukhyamantri Sikho Kamao Yojana (learn-and-earnscheme). The scheme aims to make the state’s youngsters self-reliant. The initial target is to make 100,000 youngsters in the state proficient in more than 800 courses in 46 sectors, such as manufacturing, engineering, management, marketing, tourism, hospitals, railways, information technology, and banking, among others.

Chief Minister Shivraj Singh Chouhan recently said skill development training would be linked with employment.

As many as 17 opposition parties on Friday resolved to fight the 2024 Lok Sabha elections unitedly to defeat the BJP and work with flexibility by setting aside their differences.

Addressing a joint press conference after an almost four-hour-long meeting, during which leaders of 17 parties expressed their views, Bihar chief minister Nitish Kumar said the leaders will meet in the next few days to give final shape to their plan of fighting together.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.