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U.S. Ambassador to India Eric Garcetti during the 20th Indo-US Economic Summit, in New Delhi on September 26, 2023 | Photo Credit: ANI India and the US need to strive towards a more ambitious and frictionless bilateral trade relationship, U.S. Ambassador to India Eric Garcetti said in New Delhi on Tuesday. Speaking at the 20th…
File. | Photo Credit: REUTERS Benchmark Sensex closed lower by 78 points in a listless trade on September 26 due to select profit-taking in IT and banking shares in line with weak Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 78.22 points or 0.12% to settle at 65,945.47 with 14 of…
Read More “Sensex declines 78 points on profit taking in IT, banking shares, weak Asian cues” »
Air India passenger aircrafts. File | Photo Credit: Reuters i Air India and Singapore Airlines will ensure minimum capacity on various domestic and international routes, including Delhi-Sydney and Delhi-Paris, as part of commitments made to fair trade regulator CCI to address possible competition concerns arising out of the Vistara merger. Competition Commission of India (CCI),…
Wet grinder manufacturing at a unit in Coimbatore. File | Photo Credit: M. Periasamy Festival season, when sale of kitchen equipment peak, does not offer hope for wet grinder manufacturers in Coimbatore. Manufacturers of the grinders, a product that has Geographical Indication tag, are moving to other businesses as demand has slumped. R. Soundarakumar, president…
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A stock brokers react as Sensex and Nifty plummets. | Photo Credit: ANI Equity benchmark indices fell in early trade on Tuesday in line with weak Asian markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 98.14 points to 65,925.55. The Nifty declined 18.75 points to 19,655.80. Among the Sensex firms, Asian Paints,…
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Image for representation | Photo Credit: Getty Images The Income Tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors. As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes…
Read More “I-T notifies ‘Angel Tax’ rules for valuing investments in startups” »
The rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday, September 26, 2023 amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices ¬ hovering…
File photo show parents waiting in queues, with their children, for enrolment of their names at the Aadhaar Centre at Dwarakanagar in Visakhapatnam. File | Photo Credit: K.R. Deepak The Electronics and IT Ministry late on September 25 took on a report from Moody’s Investors Service that raised questions about the efficacy of Aadhaar and…
Read More “Government rebuffs Moody’s Aadhaar views; says a billion Indians trust it” »
Currently the company has an installed capacity of 158.43 million tonnes per annum including 72 million tonnes per annum at various terminals | Photo Credit: Getty Images JSW Infrastructure Ltd., the second largest commercial port operator from the Indian private sector, is expected to double its capacity in 7 to 10 years, its deputy managing director and…
Read More “JSW Infra eyes to double port capacity to over 300 MTPA in 7 to 10 years, says CEO” »
Image used for representational purpose only. | Photo Credit: Reuters The rupee declined by 20 paise to settle at 83.14 (provisional) against the U.S. dollar on September 25 due to rising crude oil prices and a strong American currency against major rivals overseas. Subdued equity markets and withdrawal of foreign funds also weighed on the…
Read More “Rupee falls 20 paise to close at 83.14 against U.S. dollar” »