Author: admin

Individuals reporting annual income of above ₹1 crore doubles in 2 years to 1.69 lakh

Posted on By admin
Individuals reporting annual income of above ₹1 crore doubles in 2 years to 1.69 lakh

File. | Photo Credit: V. RAJU Individuals reporting annual total income of over ₹1 crore have doubled to 1.69 lakh in the two-year period ending March 2022, the income tax department data showed. As per the tax return data filed in assessment year (AY) 2022-23, relating to income earned in fiscal 2021-22, 1,69,890 individuals have…

Read More “Individuals reporting annual income of above ₹1 crore doubles in 2 years to 1.69 lakh” »

Business

Sensex, Nifty extend gains on buying in Mahindra & Mahindra, Infosys, TCS, RIL

Posted on By admin
Sensex, Nifty extend gains on buying in Mahindra & Mahindra, Infosys, TCS, RIL

File. | Photo Credit: Arunangsu Roy Chowdhury The benchmark equity indices ended with gains on Monday, extending the previous day’s rally, unfazed by a weak trend in global markets amid buying in Mahindra & Mahindra, Infosys, Tata Consultancy Services and Reliance Industries. However, continuous foreign fund outflows prevented the markets from registering a sharp rally….

Read More “Sensex, Nifty extend gains on buying in Mahindra & Mahindra, Infosys, TCS, RIL” »

Business

Rupee rises 10 paise to 82.71 against U.S. dollar

Posted on By admin
Rupee rises 10 paise to 82.71 against U.S. dollar

Image used for representative purpose only. | Photo Credit: REUTERS The rupee gained 10 paise to 82.71 against the U.S. dollar in early trade on Monday tracking positive domestic equities. However, sustained foreign fund outflows and strength of the American currency in the overseas market dented investor sentiments, forex traders said. At the interbank foreign…

Read More “Rupee rises 10 paise to 82.71 against U.S. dollar” »

Business

Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

Posted on By admin
Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary

Reliance Industries Ltd, India’s most valuable company, has sought shareholder’s approval to give Mukesh Ambani another five-year term as chairman and managing director of the company till 2029 — a period during which he has opted to draw nil salary. Mr. Ambani, 66, will cross the company law-mandated 70 years age for the chief executive…

Read More “Reliance seeks shareholder nod to appoint Mukesh Ambani as head for another 5 years at nil salary” »

Business

Government to delay implementation of laptop, PC import curbs

Posted on By admin
Government to delay implementation of laptop, PC import curbs

A laptop showroom in Chennai. | Photo Credit: The Hindu The Directorate General of Foreign Trade (DGFT) on August 4 delayed Thursday’s notification restricting imports of laptops, PCs, tablets and servers to India ‘with immediate effect’ to November 1, after Customs officials stationed at ports of entry started holding up electronics shipments. Government officials sought…

Read More “Government to delay implementation of laptop, PC import curbs” »

Business

Rupee falls 8 paise to close at over two-month low against U.S. dollar

Posted on By admin
Rupee falls 8 paise to close at over two-month low against U.S. dollar

File. | Photo Credit: C. Venkatachalapathy The rupee fell by 8 paise to settle at a more than two-month low against the U.S. dollar on August 4 weighed down by safe-haven dollar demand and higher crude oil prices. Foreign fund outflows also weighed on the local unit, analysts said. At the interbank foreign exchange, the…

Read More “Rupee falls 8 paise to close at over two-month low against U.S. dollar” »

Business