The man had been employed in Aurangabad. During FY 2018-19, his employer shut down its Aurangabad plant and introduced a financial scheme for its employees. The man opted for voluntary retirement under the scheme and received a total payment of Rs 65,21,105. The amount consisted of ex-gratia/severance pay, early bid and group participation incentives, and payment towards the notice period.

After 3.5 years, RBI hikes repo rate: How does it impact your EMIs & loan interest payout? Explained
https://timesofindia.indiatimes.com/business/india-business/after-3-5-years-rbi-hikes-repo-rate-how-does-it-impact-your-emis-loan-interest-payout-explained/articleshow/134761602.cms

Why does a hike in repo rate hit your pocket? Does the repo rate hike mean an automatic increase in your loan EMIs? Is it better for you to opt for an EMI hike or an extension of your loan tenor? And how does this step from RBI help people looking to invest in fixed deposits? We decode:

Housing society sought defaulter tag over Rs 1.42 lakh dues; court gives doctor interim protection
https://timesofindia.indiatimes.com/business/india-business/housing-society-wanted-to-label-mumbai-doctor-a-defaulter-over-rs-1-42-lakh-maintenance-dues-and-18-interest-why-maharashtra-court-has-granted-him-interim-protection/articleshow/134763492.cms

The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. He said he was willing to pay the maintenance charges, but the society had not issued him any bills since 2014. By April 2015, the outstanding maintenance amount had risen to Rs 1.42 lakh. The housing society told the court that it was seeking recovery of the dues along with 18% simple interest.

Woman got Rs 12.28 lakh, but sought maintenance from granddaughter & son’s widow; Court rejects plea
https://timesofindia.indiatimes.com/business/india-business/83-year-old-woman-got-rs-12-28-lakh-after-sons-death-but-sought-rs-15000-maintenance-from-college-going-granddaughter-and-a-share-of-family-pension-from-sons-widow-kerala-hc-rejects-both-claims/articleshow/134768286.cms

An 83-year old retired woman in Kerala filed a case seeking monthly maintenance payment of Rs 15,000 and also claimed a share in the widow family pension. The woman is a retired employee of the Kerala Government Fisheries Department and receives a pension following her retirement. The court said it was unable to understand the basis for such an argument.

RBI’s big move: Your consolidated account statement will now have details of MFs, stocks & FDs!
https://timesofindia.indiatimes.com/business/india-business/rbi-makes-financial-information-easier-to-access-for-you-account-aggregators-to-work-across-platforms-while-fixed-deposits-will-be-visible-in-your-cas-alongside-stocks-and-mutual-funds/articleshow/134762957.cms

For individuals who receive a CAS, this means information on their mutual funds, stocks and, going forward, fixed deposits (FDs) can be viewed together in one place. The change will allow demat account holders to see details of their demat holdings as well as bank deposit accounts together in a single CAS.

Loans set to get dearer as RBI hikes repo rate after 44 months
https://timesofindia.indiatimes.com/business/india-business/loans-set-to-get-dearer-as-rbi-hikes-repo-rate-after-44-months/articleshow/134774530.cms

The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change.

Some oligarchs blocking entry of Starlink in India: Elon Musk
https://timesofindia.indiatimes.com/business/india-business/some-oligarchs-blocking-entry-of-starlink-in-india-elon-musk/articleshow/134776971.cms

Elon Musk has claimed that certain oligarchs are obstructing Starlink's entry into the Indian market. Starlink has already established the necessary infrastructure and is prepared to launch its services. The company aims to provide affordable broadband connectivity to areas lacking internet access. Regulatory approvals are awaited before the commercial rollout can commence in India. Collaboration with local telecom operators has been a key element in Starlink's strategy for success.