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Tractors and Farm Equipment Limited (TAFE) on Monday said it has filed a contempt petition against US-based AGCO Corporation alleging disobedience of orders of a Commercial Court in Chennai. TAFE also asserted its claims over the ownership of the Massey Ferguson brand. TAFE, the second largest producer of tractors in India and the third largest…
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Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday (September 30, 2024). In absolute terms, the fiscal deficit – the gap between expenditure and revenue –…
Read More “Fiscal deficit in April-August at 27% of full-year target: Govt data” »
Image used for representative purpose only | Photo Credit: Reuters Key stock indices on Monday (September 30, 2024) slid about 1.5% on fears over escalating geopolitical tensions in West Asia. The S&P BSE Sensex fell 1,272 points or 1.49% to 84,299.78. The Sensex stocks which lost the most included Reliance down 3.23%, Axis Bank (3.12%),…
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Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Centre on Monday (September 30, 2024) decided to maintain the same rate of return on small savings schemes for the October to December quarter, marking the third successive quarter of status quo on their rates. The interest rates on small savings schemes such…
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Image used for representative purpose only | Photo Credit: The Hindu A comprehensive enterprise assessment of all systems has been completed and the integration process is going on as part of the upcoming merger of Vistara with Air India, a senior official said on Monday (September 30, 2024). Vistara, a joint venture between Tatas and…
Image used for representative purpose only. | Photo Credit: Reuters The growth in production of eight key infrastructure sectors contracted 1.8% in August this year due to a decline in the output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday (September 30, 2024). Fertilisers and…
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A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo Credit: Reuters India’s current account deficit (CAD) widened marginally to $ 9.7 billion (1.1% of GDP) in Q1:2024-25 from $8.9 billion (1.0% of GDP) in Q1:2023-24 and against a surplus of $4.6 billion (0.5% of GDP) in…
Read More “India’s current account deficit in Q1 FY25 widens to $9.7 billion” »
Image used for representative purpose only. File | Photo Credit: REUTERS Rupee depreciated 11 paise to settle at 83.80 (provisional) against the U.S. dollar on Monday (September 30, 2024) taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback…
A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: Reuters Equity benchmark indices tumbled nearly 1.5 per cent on Monday (September 30, 2024) due to heavy selling in frontline stocks Reliance Industries, ICICI Bank and HDFC Bank amid rising geopolitical risks in the Middle East and weakness in Japanese markets. Besides,…
Read More “Sensex, Nifty tumble nearly 1.5% as bank stocks slump on weak Japanese markets” »
Income Tax Department extends audit report filing deadline to October 7, 2024 due to technical difficulties faced by taxpayers. File | Photo Credit: S. Siva Saravanan The Income Tax (I-T) Department has extended the date for filing audit report for 2023-24 by seven days till October 7. In a circular, the I-T Department said considering…
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