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Centre allows direct overseas listing of Indian firms, notifies relevant section under companies law New Delhi: In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry has notified the relevant section under the companies law in this regard. Currently, overseas listings by…
An Indian consumer goods trader shows letters GST representing “Goods and Services Tax” (GST)at his shop in Hyderabad on August 3, 2016. Growth in India’s gross Goods and Services Tax (GST) revenues bounced back in October with tax collections rising 13.4% to the second-highest monthly tally of ₹1.72 lakh crore. | Photo Credit: AFP Growth…
Read More “GST collections rise 13% to ₹1.72 lakh crore in October” »
Ambuja Cements’ total expenses were down 8.52 per cent at Rs 6,564.28 crore. New Delhi: Ambuja Cements Ltd on Wednesday reported a multifold increase in consolidated net profit at Rs 987.24 crore for the quarter ended on September 30, on reduction in operating cost. The company, now part of the Adani Group, had clocked a…
Read More “Ambuja Cements Sees Q2 Profit Of Nearly Rs 1,000 Crore” »
Representational file image. | Photo Credit: E. LAKSHMI NARAYANAN In a move that is set to impact businesses and consumers, oil marketing companies (OMCs) have announced an increase in the prices of commercial LPG gas cylinders. Effective from November 1, the retail price of the 19 Kg commercial LPG gas cylinder in Delhi will see…
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Image for respresentational purposes only | Photo Credit: B. Velankanni Raj Manufacturing sector growth in October eased to the slowest pace since February with the uptick in new orders hitting a one-year low, as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) that slipped to 55.5 from 57.6 in September. Growth subsided…
Read More “Manufacturing PMI signals eight-month low growth in October” »
IRDAI has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks. Insurance Regulatory and Development Authority of India (IRDAI) has constituted a taskforce on the Bancassurance channel for the distribution of insurance policies through banks with an objective to review the model and carry out modifications if required. Citing…
Representational image only. | Photo Credit: Reuters Equity benchmark indices declined in early trade on November 1 due to weakness in banking, financial, and metal stocks 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 193.99…
Read More “Markets drop in early trade on foreign capital outflows” »
The rupee depreciated 3 paise to 83.27 against the US dollar in the morning session on Wednesday, November 1, 2023 tracking a strong American currency overseas and muted trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 83.26…
Read More “Rupee falls 3 paise against US dollar in early trade” »
“The liability for the illegal gain made by Manish Mishra, Anshu Mishra and Dipak Dwiwedi individually shall stand modified,” SEBI’s Whole-Time Member Ananth Narayan G said in the order. File | Photo Credit: Reuters Market regulator SEBI on Tuesday confirmed the securities market ban on 22 entities in a case related to manipulation of the…
A cargo train near the Tuticorin Port. | Photo Credit: File Photo This is the last of a three-part series of articles on the Indian Railways, its capital expenditure and freight business. In this article, we will analyse the carriage of non-bulk and general cargo by the Indian Railways (IR). In 2018-19, before the onset…