Tag: Business

Government Says Working On Using AI To Reduce Pendency Of Consumer Cases

September 19, 2023 admin

Consumer Affairs Ministry said it is working on using AI to reduce the pendency of cases New Delhi: The Consumer Affairs Ministry today said it is working on using artificial intelligence (AI) to reduce the pendency of cases in various consumer courts in the country. The ministry also said the National Consumer Dispute Redressal Commission…

Business

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

September 18, 2023 admin

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…

Business

Windfall Tax On Crude Oil Hiked And Cut For Aviation Fuel

September 15, 2023 admin

India imposed the windfall tax on crude oil producers in July last year New Delhi: The government has increased the windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective September 16, according to a government notification on Friday. The government also cut the windfall tax on aviation turbine fuel…

Business

Tata Steel, UK Announce 1.25 Billion Pound Joint Investment Plan

September 15, 2023 admin

London/New Delhi: The United Kingdom on Friday announced a joint investment package with Tata Steel worth 1.25 billion pounds, including a government grant of 500 million pounds, for the country’s largest steelworks in Wales that will help protect thousands of jobs and boost the British economy. The government’s grant has been dubbed as one of…

Business

Jindal Steel Gets Green Panel Notice Over Worker’s Death In Molten Slag Incident

September 15, 2023 admin

New Delhi: The National Green Tribunal (NGT) has issued a notice to Jindal Steel and Power Limited in connection with the death of a worker after hot or molten slag allegedly fell on him at the company’s steel plant in Patrapali village in Raigarh district of Chhattisgarh. The NGT was hearing an application registered on…

Business

Adani Enterprises Arm To Build 5.2 MW Wind Turbine Generators

September 13, 2023 admin

New Delhi: Adani Enterprises Ltd said on Wednesday that its arm Adani New Industries Ltd has received a key international certification and will now be able to start production of 5.2 MW series wind turbine generators for global markets. The company was so far manufacturing and supplying 5.2 MW Wind Turbine Generators (WTGs) for domestic…

Business

Industrial Production Growth Rises To 5-Month High Of 5.7% In July

September 12, 2023 admin

New Delhi: India’s industrial production growth rose to a five-month high of 5.7 per cent in July, mainly due to good showing by the manufacturing, mining and power sectors, according to the official data released on Tuesday. The factory output growth measured in terms of the Index of Industrial Production (IIP) stood at 2.2 per…

Business

Sensex Rises 94 Points, Nifty Falls Marginally After Hitting All-Time High

September 12, 2023 admin

Sensex climbed 94.05 points or 0.14 per cent to settle at 67,221.13 (File) Mumbai: The BSE Sensex extended its rally for the eighth day running on Tuesday, while Nifty ended marginally lower after scaling its fresh all-time high level amid mixed global market trends. The 30-share BSE Sensex climbed 94.05 points or 0.14 per cent…

Business

RBI Approves Reappointment Of Sandeep Bakhshi As ICICI Bank’s CEO For 3 Years

September 11, 2023 admin

RBI has approved the reappointment of Sandeep Bakhshi as CEO of ICICI Bank. (File) New Delhi: Private sector ICICI Bank on Monday said the RBI has approved the reappointment of Sandeep Bakhshi as Managing Director and CEO of the private lender for three years. The reappointment of Sandeep Bakhshi will be effective from October 4,…

Business