Stay Connected. Stay Informed.
Business
A file photo used for representational purpose only. | Photo Credit: Reuters Equity benchmark indices rebounded nearly 1% in early trade on November 2 after a two-day decline, following a rally in global markets amid the U.S. Fed keeping rates unchanged. The 30-share BSE Sensex jumped 593.8 points to 64,185.13 in early trade. The Nifty…
Read More “Markets jump in early trade after two days of fall” »
Passenger vehicle wholesales in India rose to a record high in October as companies pushed dispatches to dealers to cater to the enhanced demand in the festive season. The overall passenger vehicle wholesales in October rose to 3,91,472 units, up 16 per cent from 3,36,679 units in the same month last year. Last month witnessed…
Read More “Riding on festive demand, passenger vehicle sales soar to record high in October” »
Income Tax Return (ITR) filings for this assessment year crossed a record 7.65 crore by October 31, about 11.7% higher than the 6.85 crore returns filed by November 7 last year, the Income Tax Department said on Wednesday. | Photo Credit: Twitter/@IncomeTaxIndia Income Tax Return (ITR) filings for this assessment year crossed a record…
Read More “IT return filings climb to record at 7.65 crore ” »
Wheels India Managing Director Srivats Ram expect to see export growth in the full year, despite slowdown in Europe. On the domestic front, WIL expect to see growth in the commercial vehicles and and air suspension markets. | Photo Credit: Special Arrangement Wheels India Ltd. (WIL) standalone net profit for the September quarter contracted by…
Image used for representative purpose onluy. | Photo Credit: AFP Companies in India are expected to give a salary raise of 9.8% in 2024, slightly lower than the actual salary increase of 10% in 2023, as companies across industries are still closely monitoring their cost structures, says a survey. According to Willis Tower Watson’s latest…
Read More “Companies in India likely to give 9.8% salary raise in 2024, highest in APAC: Report” »
RWAs liable to pay 18% GST on electricity bills if flat owners charged more than tariff by discoms New Delhi: Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms. The Central Board of…
Read More “RWAs Liable To Pay GST For Over-Charging Electricity Tariff From Flat Owners” »
GST collections increased 13 per cent to Rs 1.72 lakh crore in October. New Delhi: GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand. “GST revenue collection for October 2023 is second highest…
Read More “GST Collections Rise 13% To Rs 1.72 Lakh Crore In Oct, 2nd Highest-Ever” »
India’s union trade ministry did not immediately respond to a request for comment. (Representational) New Delhi: Apple, Dell, HP, Samsung and Lenovo are among 110 firms authorised by India to import laptops, tablets and personal computers under a new system aimed at monitoring shipments, two government sources said. Acer, Xiaomi, IBM and ASUS have also…
Read More “India Authorises Apple, Dell, Others To Import Laptops, Tablets: Report” »
The rupee depreciated 9 paise to close at an all-time low of 83.33 (provisional) against the U.S. dollar on Wednesday, tracking a strong greenback against major rivals overseas and unabated foreign capital outflows. Besides, a negative trend in domestic equities and elevated crude oil prices amid geopolitical uncertainty in the Middle East weighed on investor…
Read More “Rupee falls 9 paise to close at all-time low of 83.33 against U.S. dollar” »
Image used for representative purpose only. | Photo Credit: REUTERS Equity benchmark indices Sensex and Nifty declined for the second day in a row on Wednesday amid unabated foreign fund outflows. Investors preferred to remain on the sidelines ahead of the U.S. Federal Reserve’s interest rate decision, traders said. The 30-share BSE Sensex declined 283.60…
Read More “Markets fall for 2nd day on foreign fund outflows” »