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WikiLeaks founder Julian Assange to plead guilty to the U.S justice dept. File photo | Photo Credit: AP WikiLeaks founder Julian Assange will plead guilty in deal with U.S. and return to Australia WikiLeaks founder Julian Assange will plead guilty to a felony charge in a deal with the U.S. Justice Department that will free…
The focus of the market is now on the upcoming Budget and policy decisions. The benchmark Sensex has gained more than 5,000 points since the announcement of the Lok Sabha election results on June 4 amid a rally in the broader market. On a monthly scale, the 30-share Sensex is up nearly 5% in June. …
Read More “Sensex Up 5,000 Points Since Poll Results; Here’s Why” »
Eleven funds, under the Qualified Domestic Limited Partner programme, have been launched so far this year. File | Photo Credit: Reuters Global fund launches in China have hit a record as a weakening yuan and fragile economy drive demand for foreign assets, in the latest sign of low confidence among domestic investors. Eleven funds issued…
Read More “Global fund launches touch a record in China as yuan slumps” »
Like with the last episode of Business Matters, this one too was triggered by a headline I saw in an article: “India fears losing out to China in smartphone exports race”. This Reuters piece cited IT Minister of State Rajeev Chandrasekhar’s letter dated January 3 to Finance Minister Nirmala Sitharaman expressing fears that India’s high…
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” »
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…
Onion prices have further risen to Rs 65-80 per kg in the retail market in Delhi on lower supply New Delhi: The government on Saturday imposed a minimum export price (MEP) of USD 800 per tonne on onion exports till December 31 this year with a view to increase availability of the vegetable in the…
Read More “India Imposes $800 Per Tonne Minimum Export Price On Onion” »
Punjab National Bank will open 100-150 new branches in the current fiscal. New Delhi: Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter – the highest in the previous 14 quarters – on the back of higher interest income…
Read More “Punjab National Bank Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters” »
