Category: Business

Business

Net Direct Tax Collection Grows 23.5% To ₹8.65 Lakh Crore April To September 16

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The government has issued tax refunds during the current fiscal year (Representational) New Delhi: The net direct tax collections rose 23.5% on the year to 8.65 trillion rupees ($103.9 billion) in April-September 16, the government said on Monday. The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion…

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Banks Will Remain Shut In These Cities On September 18 And 19

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Ganesh Chaturthi 2023: Banks will remain closed for two days- September 18 and 19. Banks will remain closed for two days —  September 18 and 19 —  in some parts of the country for Ganesh Chaturthi. This year, the 10-day-long Ganesh Utsav will be observed from September 19 to September 28. Ahead of the festival,…

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Rupee trades in narrow range against U.S. dollar in early trade

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File. | Photo Credit: C. Venkatachalapathy The rupee witnessed range-bound trading against the U.S. dollar in early trade on September 18, weighed down by a negative trend in domestic equities, elevated crude oil prices and strong American currency. At the interbank foreign exchange, the rupee opened at 83.09 against the dollar, registering a rise of…

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Markets fall in early trade after record-breaking rally

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File. | Photo Credit: Arunangsu Roy Chowdhury Equity benchmark indices declined in early trade on September 18 after a record-breaking rally last week, in line with weak trends in global markets and caution ahead of the U.S. Federal Reserve’s interest rate decision. After an 11-day rally, the 30-share BSE Sensex fell 286.6 points to 67,552.03….

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Finance Ministry seeks applications for post of whole-time member at IRDAI

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Representational image | Photo Credit: PTI The Finance Ministry has invited applications for the post of whole-time member (Distribution) at the Insurance Regulatory and Development Authority (IRDAI). The applicant should preferably have at least 25 years of experience in the relevant area with a minimum of three years experience at a senior level, the Department…

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Food delivery partners’ double whammy: Decreasing income levels, rising petrol costs | Data

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Making deliveries on time. Illustration of a food delivery worker riding a vehicle to drop a delivery | Photo Credit: Getty Images/iStockphoto A survey report on food delivery partners by the National Council of Applied Economic Research validates several common beliefs, such as workers being young graduates who work extended hours for better pay and…

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Akasa Air sues pilots who left without serving notice period

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Akasa Air, which currently has a fleet of 20 planes, started operations in August 2022. File Akasa Air on September 16 said it has taken legal action against a “small set of pilots” for leaving the airline without serving their notice period. The departure of pilots had led to cancellation of many flights. Pilot shortage is…

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Business

Why is Google on trial in the United States? | Explained

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The key allegation against Google is that its “arrangements” with Apple and other companies to be the default search engine on their devices, is unlawful monopoly building. File | Photo Credit: AP The story so far: On September 12, Justice Amit Mehta of the U.S. District Court for the District of Columbia started hearing what…

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VST Group plans expansion in all three business verticals

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VST Group Managing Director Arun V. Surendra plans to double the automobile touchpoints of luxury cars to 100 in two-three years. | Photo Credit: Special Arrangement Bengaluru-headquartered VST Group has decided to expand its business in all the three verticals it operates, said Managing Director Arun V. Surendra. The 113-year-old business conglomerate is a franchise…

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VST Group plans expansion in all three business verticals

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VST Group Managing Director Arun V. Surendra plans to double the automobile touchpoints of luxury cars to 100 in two-three years. | Photo Credit: Special Arrangement Bengaluru-headquartered VST Group has decided to expand its business in all the three verticals it operates, said Managing Director Arun V. Surendra. The 113-year-old business conglomerate is a franchise…

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Business