Stay Connected. Stay Informed.
Bengaluru: The Reserve Bank of India (RBI) on Tuesday said that it has imposed a penalty of Rs 12 crore 19 lakh on ICICI Bank for violating rules related to the code of conduct for the bank’s directors and for fraud reporting. The RBI’s inspection reports showed ICICI Bank had sanctioned or committed loans to…
Read More “RBI Fines ICICI Bank, Kotak Mahindra Bank For Failing To Report Fraud” »
Gold price plunged ₹350 to ₹60,150 per 10 grams in the national capital on Monday amid weak cues in international markets, according to HDFC Securities. The precious metal had closed at ₹60,500 per 10 grams in the previous trade. Silver also declined ₹300 to ₹74,000 per kg. In the global markets, both gold and silver…
Inflation in food articles eased to 3.35 per cent in September. (Representational) New Delhi: Wholesale inflation remained in the negative territory for the sixth straight month in September at (-) 0.26 per cent on easing prices of food items, especially vegetables. The wholesale price index (WPI)-based inflation rate has been in the negative since April…
Read More “Wholesale Inflation Stays In Negative For 6th Month At -0.26% In September” »
India will only monitor the inbound shipments of laptops and computers. (Representational) New Delhi: India will not impose the licensing requirement on imports of laptops and computers but will only monitor their inbound shipments, a top government official said. The remarks assume significance as the government in August announced that these products, including laptops, tablets…
Read More “No Restriction On Laptop Imports, We’re Only Monitoring: Commerce Secretary” »
Air India Express is set to induct 50 new Boeing 737 MAX planes in next 15 months. New Delhi: Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides,…
Read More “Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024” »
Go First’s total revenue from operations stood at Rs 4,183 crore in financial year 2021-22. New Delhi: Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process. The carrier, which has its base in Guwahati, recently received a No Objection Certificate (NOC)…
Read More “Jettwings Airways Submits Expression Of Interest For Bankrupt Go First” »
Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday | Photo Credit: Reuters Benchmark Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday on buying in energy, FMCG and capital goods shares amid mixed global cues and easing inflation concerns. Rising for the second straight…
Read More “Sensex rises 393 pts, Nifty closes above 19,800 on gains in energy FMCG shares” »
GST Council also decided to levy 5 per cent tax on millet-based flour when sold in pre-packaged New Delhi: The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director…
Read More “18% GST On Corporate Guarantees For Their Subsidiaries” »
The GST Council decided to clarify levy of 28 per cent GST on online gaming platforms New Delhi: As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and…
Read More “28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre” »
5 per cent GST on millet-based flour when sold in pre-packaged and labelled form New Delhi: The GST Council on Saturday decided to levy a lower 5 per cent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said. Flour, containing at least 70 per cent millets, will attract…
Read More “5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form” »