Wednesday, August 31, 2022

Sensex, Nifty Plunge Sharply, Reversing A Two-Month Bull Rally

Stock Market India:Equity benchmarks started September on a weak note, plunging significantly at the open tracking wider global economic gloom

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Sensex, Nifty Plunge Sharply, Reversing A Two-Month Bull Rally

Stock Market India:Equity benchmarks started September on a weak note, plunging significantly at the open tracking wider global economic gloom

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Your Cheque, You Will Be Held Responsible For Payment: Supreme Court

The Supreme Court noted that the drawer who signs the cheque and gives in to the payee is presumed to be liable.

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Meta Plans More Paid Features With New Group On Instagram, Facebook

Meta Platforms Inc is setting up a new group that will focus on creating products and features for its Facebook, Instagram and WhatsApp platforms that people will be able to purchase, a company...

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Asia's Factory Activity Slumps On China's Covid Curbs, US Recession Fears

Asia's factory activity slumped in August as China's zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile...

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Oil Falls To $95 A Barrel On Increased Supply, Lower China Demand

Oil prices fell in early Asian trade on Thursday, led lower by increased supply and worries that the global economy could slow further with renewed restrictions to curb COVID-19 in China.

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Your Cheque, You Will Be Held Responsible For Payment: Supreme Court

The Supreme Court noted that the drawer who signs the cheque and gives in to the payee is presumed to be liable.

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Tuesday, August 30, 2022

Poorly-Directed Freebies May Have Adverse Impact, Like Sri Lanka: Experts

Poorly-directed freebies may wreak havoc with state finances and have adverse consequences on the economy, as in the case of Sri Lanka, experts say

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Aggressive Rate Hike Bets Boost Euro And Bolster US dollar

The dollar was firm on Wednesday as hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.

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Oil Recoups Some Losses, But Languishes Below $100 Per Barrel

Oil prices inched up on Wednesday as industry data showed US fuel stocks fell more than expected.

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Visiting Your Bank? List Of Bank Holidays In September, 14 Days In Total

According to the Reserve bank of India (RBI) holiday calendar, banks will close for 8 days due to various regional festivals.

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India's Stock, Forex, Money Markets Closed A Day After Soaring

Indian stock, currency and money markets will remain closed on Wednesday on account of Ganesh Chaturthi, a day after soaring to mark several key milestones.

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Economy Likely Grew At Its Fastest Pace In A Year In June Quarter

India's economy probably grew its fastest annual expansion in a year in the April-June quarter, economists said

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Economy Likely Grew At Its Fastest Pace In A Year In June Quarter

India's economy probably grew its fastest annual expansion in a year in the April-June quarter, economists said

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Nifty, Sensex Recover From A Hiding In Previous Session, But Risks Remain

Stock Market India: Equity benchmarks recover on Tuesday from a hiding in the previous session even as broader Asia bourses struggled to gain traction, with risks pointing to more downside.

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Monday, August 29, 2022

Gautam Adani Now World's Third Richest, First Asian In Top 3

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index.

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Gautam Adani Now World's Third Richest, First Asian In Top 3

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index.

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Australia Demands Apple, Meta, Microsoft Share Anti-Abuse Measures

An Australian regulator sent legal letters to Facebook owner Meta Platforms, Apple Inc and Microsoft Corp demanding they share their strategies for stamping out child abuse material on their platforms...

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Australia Demands Apple, Meta, Microsoft Share Anti-Abuse Measures

An Australian regulator sent legal letters to Facebook owner Meta Platforms, Apple Inc and Microsoft Corp demanding they share their strategies for stamping out child abuse material on their platforms...

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Sunday, August 28, 2022

CoinSwitch Search By Authorities "Not About Money Laundering," Says CEO

India's top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to find out about its business model and user-onboarding...

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Bitcoin Falls Below $20,000 After Fed's Hawkish Tone; Down 60% From Peak

Bitcoin was last below $20,000 in mid-July.

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India Risks Losing Its Status As World's Fastest Growing Economy: Report

Growth this quarter is predicted to slow sharply to an annual 6.2 per cent from a median forecast of 15.2 per cent in Q2.

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CoinSwitch Search By Authorities "Not About Money Laundering," Says CEO

India's top crypto app CoinSwitch is cooperating with the national financial-crime agency, whose agents searched its offices this week to find out about its business model and user-onboarding...

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Bitcoin Falls Below $20,000 After Fed's Hawkish Tone; Down 60% From Peak

Bitcoin was last below $20,000 in mid-July.

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India Risks Losing Its Status As World's Fastest Growing Economy: Report

Growth this quarter is predicted to slow sharply to an annual 6.2 per cent from a median forecast of 15.2 per cent in Q2.

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Here's Why Cancelling A Confirmed Train Ticket Gets Costlier Now

Cancellation charges of railway tickets for a class would attract GST at the same rate as applicable to the class of travel.

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Here's Why Cancelling A Confirmed Train Ticket Gets Costlier Now

Cancellation charges of railway tickets for a class would attract GST at the same rate as applicable to the class of travel.

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Friday, August 26, 2022

Meta's Facebook Agrees To Settle 4-Year Old Data Privacy Lawsuit

Meta Platforms Inc's Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private...

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Meta's Facebook Agrees To Settle 4-Year Old Data Privacy Lawsuit

Meta Platforms Inc's Facebook has in-principle agreed to settle a lawsuit in the San Francisco federal court seeking damages for letting third parties including Cambridge Analytica access the private...

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Forex Reserves Slump To Over 2-Year Low As RBI Defends Rupee To Below 80

India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar.

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Forex Reserves Slump To Over 2-Year Low As RBI Defends Rupee To Below 80

India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar.

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Not Right Time To Make Digital Payments' Chargeable: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Friday that the central government believes that this is not the right time to make digital payments chargeable.

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Not Right Time To Make Digital Payments' Chargeable: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman said on Friday that the central government believes that this is not the right time to make digital payments chargeable.

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Thursday, August 25, 2022

Rupee Opens Almost Flat Ahead Of Key Fed Conference

The rupee opened barely changed against the dollar on Friday, ahead of the Federal Reserve's Jackson Hole conference.

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Sensex, Nifty Start On A Positive Note, Tracking Global Stocks Surge

Indian equity benchmarks started Friday on a strong note, tracking a broad surge in risk assets.

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You Can't Use Credit Cards To Pay For This Government Pension Scheme

Are you paying NPS contributions via credit card? Here's what the latest rule updates mean for you.

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HDFC Bank Set To Buy Nearly 10% Stake In This Firm

The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd.

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Elon Musk's SpaceX, T-Mobile Plan To Connect Mobile Phones To Satellites

US wireless carrier T-Mobile US Inc will use Elon Musk-owned SpaceX's Starlink satellites to provide mobile users with network access in parts of the United States

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Musk's 'Absurdly Broad' Twitter Data Requests Mostly Rejected By Judge

Elon Musk's demands for Twitter Inc user details were rejected as "absurdly broad" by a judge on Thursday, although the billionaire will get some data as he pursues his bid to end his $44 billion...

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Musk's 'Absurdly Broad' Twitter Data Requests Mostly Rejected By Judge

Elon Musk's demands for Twitter Inc user details were rejected as "absurdly broad" by a judge on Thursday, although the billionaire will get some data as he pursues his bid to end his $44 billion...

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Wednesday, August 24, 2022

Tax Relief On Salary Arrears Under 7th Pay Commission. Read Details

7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.

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Rupee Gains As The Dollar Pauses For Breath, And Robust Capital Inflows

Rupee Today: The Indian currency gained as the dollar paused to take a breather ahead of the key US Federal Reserve'Jackson Hole conference and on robust capital inflows.

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Nifty, Sensex Gain For The Third Straight Session; Fed Conference Eyed

Stock Market India: Equity benchmarks gained for the third straight session, and were heading toward weekly gains for the sixth week in a row.

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Bharti Telecom To Buy 3.33% Of Airtel From Singtel For Rs 12,895 Crore

Bharti Airtel promoter Bharti Telecom will buy a 3.33-per cent stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days, the telecom operator said on Thursday.

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Tax Relief On Salary Arrears Under 7th Pay Commission. Read Details

7th pay commission: To claim tax relief, government employees must file form 10E online on the Income Tax e-filing portal.

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American Express Welcomes RBI Move To Lift Restrictions In Key Market

Per the RBI norms, financial services companies like Visa, Mastercard, American Express and Diners Club have been required to store Indian payment data locally since October 2018.

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American Express Welcomes RBI Move To Lift Restrictions In Key Market

Per the RBI norms, financial services companies like Visa, Mastercard, American Express and Diners Club have been required to store Indian payment data locally since October 2018.

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Tuesday, August 23, 2022

How to Improve A Low Credit Score? Follow These 5 Tips

The closer your credit score gets to 900, the better it is for the approval of loans and other credit instruments.

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How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.

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Oil Prices Back Above $100 Per Barrel, But Drop A Touch On The Day

Oil prices fell on Wednesday, taking a breather from a nearly 4 per cent surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and...

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Tata May Have To Write Off AirAsia India's Loss: Report

India's Tata Sons will likely have to make a provision of 26 billion rupees ($325.69 million) as accumulated losses for low-cost carrier AirAsia India , which it's seeking to absorb into unit Air...

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Equity Benchmarks Poised For Muted Gains This Year; Volatility To Rise

India's equity market will post only minimal gains for the rest of the year amid rising volatility, according to strategists polled by Reuters who cautioned the risks to that lackluster outlook were...

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How to Improve A Low Credit Score? Follow These 5 Tips

The closer your credit score gets to 900, the better it is for the approval of loans and other credit instruments.

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How The Russia-Ukraine War Spooked Global Financial Markets: 10 Points

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation", the war has thrown global financial markets into severe turmoil as the charts below show.

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Oil Prices Back Above $100 Per Barrel, But Drop A Touch On The Day

Oil prices fell on Wednesday, taking a breather from a nearly 4 per cent surge the previous day on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and...

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Monday, August 22, 2022

Former Apple Car Engineer Pleads Guilty To Trade Secret Theft

A former Apple Inc engineer on Monday pleaded guilty to trade secret theft - one of two people accused of stealing trade secrets from the iPhone maker's nascent self-driving car program.

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Oil Prices Rise After Saudi Says OPEC (Oil Producers) Could Cut Output

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

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Oil Prices Rise After Saudi Says OPEC (Oil Producers) Could Cut Output

Oil prices edged up on Tuesday, after Saudi Arabia warned that OPEC could cut output to correct a recent drop in oil futures.

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Steps To Take For Debit, Credit Cards Before September 30

Your debit and credit card transactions will be safer and more convenient after tokenisation

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Steps To Take For Debit, Credit Cards Before September 30

Your debit and credit card transactions will be safer and more convenient after tokenisation

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Sunday, August 21, 2022

Rupee Risks Weakening On Robust Dollar Rise, Fed Rate Hike Fears

Rupee Today: The rupee risks weakening further against the dollar on Monday, as expectations that the Federal Reserve will keep tightening its policy boosted the US currency and Treasury yields, and...

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Sensex, Nifty Start On A Rocky Note, Tracking Risk Assets' Sell-Off

Stock Market India: Equity benchmarks extended their losses from the fag end of last week and were in the red early on Monday, tracking a broad sell-off in risk assets as the dollar keeps gaining on...

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Gold Falls For 6th Straight Session, Hits Over 3-Week Low

Gold prices fell for a sixth straight session on Monday to hit their lowest in more than three weeks on robust dollar.

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Inflation To Ease Below RBI's Upper Limit Target Of 6% by March: Report

Retail inflation may ease below 6 per cent by the fourth quarter of this financial year, bringing an end to the current cycle of rate hikes, analysts said over the weekend.

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What It Costs To Educate A Child In India And How To Plan For It

Parents worry about being adequately prepared to support education for their children as prices continue to rise yearly.

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Toyota Reboots Strategy, Doubles Down On Its Hybrid Bet In India

Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its hybrids, as long as the

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Toyota Reboots Strategy, Doubles Down On Its Hybrid Bet In India

Toyota is rebooting its strategy for India, doubling down on a bet that emerging markets will learn to love its hybrids, as long as the

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Foreign Investors Pump In Rs 44,500 Crore Into Indian Equities In August

After turning net buyers last month, foreign investors have shown tremendous enthusiasm for Indian equities and have infused close to Rs 44,500 crore in August so far amid softening of inflation in US...

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Market Valuation Of 5 Of Top 10 Firms Falls Over ₹ 30,000 Crore

Five of the top-10 valued firms together lost Rs 30,737.51 crore in market valuation last week, with Reliance Industries Limited taking the biggest hit.

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New Zealand To Temporarily Boost Worker Intake, Change Immigration Rules

New Zealand will make temporary changes to immigration rules, a minister said on Sunday, aiming to lure 12,000 workers over the next year with a working holiday scheme designed to fill labour gaps as...

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Saturday, August 20, 2022

Filing Tax Return Late? Maximise Your Tax Savings With These Tips

The due date for filing income tax returns for individual taxpayers for the assessment year 2022-23 was July 31. However, those who missed the deadline can still file their tax returns with a late fee...

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Filing Tax Return Late? Maximise Your Tax Savings With These Tips

The due date for filing income tax returns for individual taxpayers for the assessment year 2022-23 was July 31. However, those who missed the deadline can still file their tax returns with a late fee...

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Paying Cash Over The Limit Can Land You In Trouble

Accepting Rs 20,000 or more in cash for a loan or deposit is prohibited, and such transactions must be done through banking channels.

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Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee

India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.

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Forex Reserves Slump By $2 Billion As RBI Sells Dollars To Defend Rupee

India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar.

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Friday, August 19, 2022

China's Russian Coal Imports Hit 5-year High Even As West Shuns Moscow

China's coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Russian cargoes over...

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China's Russian Coal Imports Hit 5-year High Even As West Shuns Moscow

China's coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Russian cargoes over...

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We Don't Influence Share Price...: Paytm Chief Vijay Shekhar Sharma

Digital payments company One97 Communications Limited, which operates under the Paytm brand, does not influence the price at which its stock trades but the management is making efforts to make the...

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We Don't Influence Share Price...: Paytm Chief Vijay Shekhar Sharma

Digital payments company One97 Communications Limited, which operates under the Paytm brand, does not influence the price at which its stock trades but the management is making efforts to make the...

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Thursday, August 18, 2022

Recent Bull Run Boosts BSE Firms' Market Valuation To A New All-Time High

The market capitalisation of all BSE-listed firms hits a new all-time high, riding on the latest bull run.

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Musk Targets Advertising Tech Firms In Twitter Suit Over Takeover Deal

Twitter has sued the Tesla chief executive, who has accused Twitter of hiding information about how it calculates the percentage of bots on the service, for attempting to walk away from the $44...

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These Firms To Allow Employees To Work From Home In A Hybrid Model

India's IT services companies recently said that they would follow a hybrid model of work in the long term.

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Recent Bull Run Boosts BSE Firms' Market Valuation To A New All-Time High

The market capitalisation of all BSE-listed firms hits a new all-time high, riding on the latest bull run.

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These Firms To Allow Employees To Work From Home In A Hybrid Model

India's IT services companies recently said that they would follow a hybrid model of work in the long term.

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This Budget Grocery Chain Eyes Five-Fold Growth In Already Heated Market

Indian billionaire Radhakishan Damani's discount supermarket chain, DMart, plans to boost its store count fivefold as it seeks to grow market share and hold its own against aggressive expansion from...

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Wednesday, August 17, 2022

Gratuity: Calculation, Payment And Tax Exemption

Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.

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Gratuity: Calculation, Payment And Tax Exemption

Gratuity: An employee is eligible for gratuity payment after completing 5 years of continuous service with one employer.

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Razorpay Buys Ezetap For $150 Million, Taps Into Offline Payments: Report

India's Razorpay said on Thursday it had bought offline payments firm Ezetap, marking the Sequoia Capital-backed firm's latest bet on the payments industry in a deal

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Razorpay Buys Ezetap For $150 Million, Taps Into Offline Payments: Report

India's Razorpay said on Thursday it had bought offline payments firm Ezetap, marking the Sequoia Capital-backed firm's latest bet on the payments industry in a deal

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Tuesday, August 16, 2022

Oil Prices Recover From 6-Month Lows, But Still Below $92.5 Per Barrel

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if...

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Rakesh Jhunjhunwala-Backed Concord Biotech Files For IPO (Public Offer)

Concord Biotech IPO: Rare Enterprises-backed Concord Biotech has filed draft papers with the capital markets regulator SEBI to mop up funds through an initial public offering (IPO).

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Rakesh Jhunjhunwala-Backed Concord Biotech Files For IPO (Public Offer)

Concord Biotech IPO: Rare Enterprises-backed Concord Biotech has filed draft papers with the capital markets regulator SEBI to mop up funds through an initial public offering (IPO).

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ATM Cash Withdrawal Limit And Charges Levied By Major Banks

Banks were allowed by the RBI to charge ₹ 21 per each extra transaction at the ATM beyond the monthly free limit, effective from 1 January 2022.

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ATM Cash Withdrawal Limit And Charges Levied By Major Banks

Banks were allowed by the RBI to charge ₹ 21 per each extra transaction at the ATM beyond the monthly free limit, effective from 1 January 2022.

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Monday, August 15, 2022

Sensex, Nifty Open Higher Even As Stocks Drift On Recession Concerns

Stock Market India: Equity benchmarks opened higher even as Asian shares struggled for direction early on Tuesday, weighed by worries over global growth following weak China data that knocked oil...

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Oil Crashes Below $95 A Barrel On Recessionary Worries After China Data

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession...

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Work From Home Vs Return To The Office: Employers Say Both

The new reality that occupiers are accepting is distributed workplace patterns and hybrid work environments

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Oil Crashes Below $95 A Barrel On Recessionary Worries After China Data

Oil prices fell on Tuesday, extending losses from the previous session, after economic data from China, the world's largest crude importer, spurred fresh concerns about a potential global recession...

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Rakesh Jhunjhunwala's $4 Billion Stock Holdings in Focus After His Death

The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.

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Rakesh Jhunjhunwala's $4 Billion Stock Holdings in Focus After His Death

The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.

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Sunday, August 14, 2022

NPS (National Pension System): How Should Death Claims Be Handled?

The NPS is a voluntary retirement savings plan that aids investors in accumulating enough money for their retirement while they are still employed.

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Oil Prices Ease To Below $98 A Barrel, Extend Losses On Supply Boost News

Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of Mexico...

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Asian Shares Edge Higher, But Wary Of Fed Words; Indian Markets Closed

Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes US inflation has peaked will be tested by likely hawkish commentary from the Federal...

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NPS (National Pension System): How Should Death Claims Be Handled?

The NPS is a voluntary retirement savings plan that aids investors in accumulating enough money for their retirement while they are still employed.

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Oil Prices Ease To Below $98 A Barrel, Extend Losses On Supply Boost News

Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of Mexico...

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'Har Ghar Tiranga' Campaign Drives 'Unprecedented' Demand For Flag

'Har Ghar Tiranga' campaign by the Centre to commemorate 75 years of the country's Independence has helped boost demand for the tricolour as flag makers and traders are witnessing a surge in order and...

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'Har Ghar Tiranga' Campaign Drives 'Unprecedented' Demand For Flag

'Har Ghar Tiranga' campaign by the Centre to commemorate 75 years of the country's Independence has helped boost demand for the tricolour as flag makers and traders are witnessing a surge in order and...

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Saturday, August 13, 2022

Anshu Jain, 59, Deutsche Bank's Ex CEO Dies Of Cancer

Anshu Jain, Deutsche Bank's former India-born co-Chief Executive Officer, has died after a nearly five-year battle with cancer.

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Ripple Labs Interested In Bankrupt Crypto Lender Celsius' Assets

Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network.

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Ripple Labs Interested In Bankrupt Crypto Lender Celsius' Assets

Ripple Labs Inc, which is embroiled in a high-profile battle with the US securities regulator, is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network.

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Missed Income Tax Returns Deadline? Here's How You Can Still File

The deadline for filing the income tax return (ITR) for individual taxpayers for the assessment year 2022-23 was July 31.

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Missed Income Tax Returns Deadline? Here's How You Can Still File

The deadline for filing the income tax return (ITR) for individual taxpayers for the assessment year 2022-23 was July 31.

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No Timeline From Government For Selling IDBI Stake, Says LIC Chairman

Life Insurance Corporation has said it has not received any timeline from the government for the stake sale in its subsidiary IDBI Bank.

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Corporate Tax Collection Grows 34% Between April And July

The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.

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Corporate Tax Collection Grows 34% Between April And July

The corporate tax collection in the first four months of the current fiscal year has seen a growth of 34 per cent as compared to the corresponding period of the Fiscal Year 2021-2022.

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Friday, August 12, 2022

Russia-Backed Refiner Nayara Energy Posts Record Profit Of Rs 35.64 Billion

Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.

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Russia-Backed Refiner Nayara Energy Posts Record Profit Of Rs 35.64 Billion

Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.

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Thursday, August 11, 2022

18% GST (Tax) On House Rent: What You Should Know

Earlier, only commercial properties like offices or retail spaces given on rent or lease attracted GST.

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Syrma SGS Technology Raises Rs 252 Crore From Anchor Investors

Syrma SGS Technology on Thursday said it has raised Rs 252 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Friday.

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18% GST (Tax) On House Rent: What You Should Know

Earlier, only commercial properties like offices or retail spaces given on rent or lease attracted GST.

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Syrma SGS Technology Raises Rs 252 Crore From Anchor Investors

Syrma SGS Technology on Thursday said it has raised Rs 252 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Friday.

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Oil Prices Back Up Near $100 Per Barrel, On Track For Weekly Gain

Brent was on track to climb more than 4% for the week, recouping part of last week's 14% tumble, its biggest weekly decline since April 2020.

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Oil Prices Back Up Near $100 Per Barrel, On Track For Weekly Gain

Brent was on track to climb more than 4% for the week, recouping part of last week's 14% tumble, its biggest weekly decline since April 2020.

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Wednesday, August 10, 2022

Opinion: Opinion: Police Tactics Are Chilling India's Crypto Winter Further

If success has many fathers, thena crypto exchange in the eye of a money-laundering storm has become an orphan.

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Domestic Airlines' Shares Get A Boost As Cap On Ticket Prices Lifts

Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices

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Rupee Gains Sharply As Dollar Gets Bruised After Easing US Inflation Data

The rupee gained sharply early on Thursday as a decline in the US inflation rate boosted Asian currencies, lifting risk appetite and send the dollar tumbling.

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Sensex, Nifty Join Global Stocks Rally On Cooling US Inflation Prospects

Stock Market India: Equity benchmarks gain tracking a global stocks rally on softer-than-expected US inflation.

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Opinion: Opinion: Police Tactics Are Chilling India's Crypto Winter Further

If success has many fathers, thena crypto exchange in the eye of a money-laundering storm has become an orphan.

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These Taxpayers Need Not Pay Fine For Filing Tax Returns After Due Date

ITR (Income Tax Return): Individual taxpayers can be levied a fine of Rs 5,000 for missing the deadline to file tax returns.

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These Taxpayers Need Not Pay Fine For Filing Tax Returns After Due Date

ITR (Income Tax Return): Individual taxpayers can be levied a fine of Rs 5,000 for missing the deadline to file tax returns.

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Tuesday, August 9, 2022

Meta Raises $10 Billion In First-Ever Corporate Bond Offering

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

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Coinbase Posts Huge Loss As Crypto Meltdown Cuts Trading Volumes By Half

Coinbase reported a larger-than-expected quarterly loss as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent after...

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Investing In Public Provident Fund Can Create This Much Corpus Fund

All residents of India are eligible for investing in the PPF scheme. Individuals can open a PPF account by visiting the online portals of banks.

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Oil Prices Dip After Unexpected Rise In US Crude Inventories

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

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Meta Raises $10 Billion In First-Ever Corporate Bond Offering

Facebook-parent Meta Platforms Inc said on Tuesday it had raised $10 billion in its first-ever bond offering, as it looks to fund share buybacks and investments to revamp its business.

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Coinbase Posts Huge Loss As Crypto Meltdown Cuts Trading Volumes By Half

Coinbase reported a larger-than-expected quarterly loss as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent after...

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Investing In Public Provident Fund Can Create This Much Corpus Fund

All residents of India are eligible for investing in the PPF scheme. Individuals can open a PPF account by visiting the online portals of banks.

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Oil Prices Dip After Unexpected Rise In US Crude Inventories

Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

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Monday, August 8, 2022

Oil Pares Gains And Retreats On Possible Iran Supply Boost

Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market.

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Indian Financial Markets Closed Today On Account Of Muharram

Indian financial markets will be shut today on account of Muharram, a day after mixed trading results for domestic assets

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Google Down For Thousands Of Users, Over 40,000 Users Affected: Report

Google was down for thousands of users on Monday, according to outage tracking website Downdetector.com.

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Oil Pares Gains And Retreats On Possible Iran Supply Boost

Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market.

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Here's How New Wage Code Will Impact Salaried Employees

The in-hand salary of the employees is also going to be impacted as the new wage code stipulates that the basic salary should be at least 50% of the gross salary.

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Here's How New Wage Code Will Impact Salaried Employees

The in-hand salary of the employees is also going to be impacted as the new wage code stipulates that the basic salary should be at least 50% of the gross salary.

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Sunday, August 7, 2022

Pay Toll Only For The Distance Travelled. New Technology And Rules Likely

According to this system, the amount of toll to be paid would depend on how many kilometres a car has travelled on a highway

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Oil Prices Slide To Near Multi-Month Lows On Recession Fears

Oil prices dropped on Monday, hovering near multi-month lows, as recession fears hurt demand outlook and data pointed to a slow recovery in China's crude imports last month.

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Tata Motors To Buy Ford India's Manufacturing Plant For $91 Million

Tata Motors Ltd signed an agreement on Sunday to buy Ford Motor's manufacturing plant in the western state of Gujarat for $91.5 million (Rs 726 crore).

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Foreign Investors Buy Indian Shares Worth Rs 14,000 Crore In August

After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar...

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Foreign Investors Buy Indian Shares Worth Rs 14,000 Crore In August

After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar...

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Saturday, August 6, 2022

Akasa Air's First Flight Takes Off From Mumbai To Ahmedabad

Akasa Air is finally in Indian skies as the first flight took off on Sunday between the Mumbai-Ahmedabad route, which was inaugurated by Union Minister for Civil Aviation Jyotiraditya M Scindia along...

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Uttar Pradesh's Women Self-Help Groups Adding To Sugarcane Output

WomenSelf-Help Groups (SHGs) engaged by the Uttar Pradesh government for growing sugarcane seeds for the past two years have expanded to become a 60,000-member club now.

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Akasa Air's First Flight Takes Off From Mumbai To Ahmedabad

Akasa Air is finally in Indian skies as the first flight took off on Sunday between the Mumbai-Ahmedabad route, which was inaugurated by Union Minister for Civil Aviation Jyotiraditya M Scindia along...

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Google Launches 'India Ki Udaan' To Celebrate 75 Years Of Independence

What is "India Ki Udaan"?

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Friday, August 5, 2022

Forex Reserves Rise To Highest In 3 Weeks On Robust Rupee, Capital Inflow

Forex reserves rose by $2.315 billion to $573.875 billion in the week ending July 29

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Forex Reserves Rise To Highest In 3 Weeks On Robust Rupee, Capital Inflow

Forex reserves rose by $2.315 billion to $573.875 billion in the week ending July 29

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Here's How Provident Fund Members Can Generate UAN (Universal Number)

The UAN is usually printed on the payslip; however, if the employer has not shared the 12-digit code with you, it can be generated online.

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Here's How Provident Fund Members Can Generate UAN (Universal Number)

The UAN is usually printed on the payslip; however, if the employer has not shared the 12-digit code with you, it can be generated online.

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Thursday, August 4, 2022

Sensex, Nifty Recover And Gain Marginally, Ahead Of RBI Policy Outcome

Stock Market India: Equity benchmarks started Friday on the front foot, recovering from marginal losses in the previous session, but remain jittery ahead of the Reserve Bank of India's policy outcome.

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Economic Worries For The RBI Policy To Address: 5 Points

The Reserve Bank of India will likely hike interest rates for the third time since the current fiscal year began in April. But the central bank's dilemma has multiplied, with pressing economic risks...

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Rupee Tipped To Gain As Oil Slips To 5-Month Low; All Eyes On RBI Policy

The rupee is expected to strengthen against the U.S. dollar at open on Friday as oil prices extended their recent slide to slip to their lowest since February.

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Oil Languishes Below Pre-Ukraine Crisis Levels On Recession Fears

Oil languished near its lowest since the start of the war in Ukraine on Friday on fears of a global recession, though stocks ignored such worries.

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RBI Monetary Policy Live Updates: RBI Set To Hike Interest Rates

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year, to bring down inflationary above the upper threshold of the...

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RBI Set To Hike Rates To Pre-Pandemic Levels, Focus Shifts To Policy Path

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year to bring down inflation from above the upper threshold of the...

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RBI Set To Hike Rates To Pre-Pandemic Levels, Focus Shifts To Policy Path

The Reserve Bank of India is expected to raise interest rates today for the third time since the beginning of the current financial year to bring down inflation from above the upper threshold of the...

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Wednesday, August 3, 2022

Bull Run In Sensex, Nifty For 7 Straight Days On Upbeat Risk Appetite

Indian equity benchmarks start Thursday on the front foot, extending their gains for the seventh straight session, taking cues from a strong rally on Wall Street after robust economic data and upbeat...

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Rupee To Hit Record Lows Of 80 A Dollar Again In Next 3 Months: Report

The rupee will trade near its historic low in the coming three months, despite a recent recovery, based on a widening trade deficit and global flows into safe-haven US dollars, a Reuters poll of...

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This Tiny Firm Is A New Financial Giant, Just Surpassed Goldman Sachs

AMTD Digital, a Hong Kong-based company that listed in New York less than three weeks ago, has surged.

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Dollar On The Front Foot As Officials Suggest More Rate Hikes To Come

The dollar was on the front foot on Thursday, helped by several US Federal Reserve officials pushing back against suggestions they will slow the pace of interest rate hikes

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Oil Prices Rebound After Dropping To Lowest In Months; Still Below $100

Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak US fuel demand.

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Dearness Allowance For Central Government Employees: All You Need To Know

The Union Cabinet is due to revise Dearness Allowance for the second half of this year.

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Dearness Allowance For Central Government Employees: All You Need To Know

The Union Cabinet is due to revise Dearness Allowance for the second half of this year.

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Tuesday, August 2, 2022

Employees Dont Have To Pay GST On Perks, Clarifies Government Tax Body

The applicability of GST on perks had long been under contention.

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Employees Dont Have To Pay GST On Perks, Clarifies Government Tax Body

The applicability of GST on perks had long been under contention.

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Crude Oil Falls On Demand Worries; Below $100 A Barrel On Stronger Dollar

Oil prices fell about 1 per cent in early trade on Wednesday, reversing gains from the previous session.

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Crude Oil Falls On Demand Worries; Below $100 A Barrel On Stronger Dollar

Oil prices fell about 1 per cent in early trade on Wednesday, reversing gains from the previous session.

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WazirX Being Probed For Alleged Rs 2,790 Crore Money Laundering

Minister of State for Finance Pankaj Chaudhary on Tuesday said the Directorate of Enforcement is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX.

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WazirX Being Probed For Alleged Rs 2,790 Crore Money Laundering

Minister of State for Finance Pankaj Chaudhary on Tuesday said the Directorate of Enforcement is probing alleged money laundering of Rs 2,790 crore through crypto exchange WazirX.

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Monday, August 1, 2022

US Watchdog Charges 11 Individuals In $300 Million Crypto Ponzi Fraud

The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulentcryptopyramid and Ponzi scheme that raised over $300 million from...

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IMFs Economic Outlook Is More Bad News, Especially For US, China, Europe

The International Monetary Fund has bad news for the big 3 - the United States, China and the Euro area and the global economy.

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Rule Change For Verification Of Income Tax Return; Now Within 30 Days

The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days, beginning August 1.

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RBI Hike On Friday Almost Certain, But No Consensus On How Much: Report

The Reserve Bank of India will hike its key interest rate on Friday, economists polled by Reuters said, but there was no consensus on the size of the move given the absence of any clear guidance from...

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Reliance Says Fully Ready For 5G To Make India A $5 Trillion Economy

After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio on Monday said it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and...

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Reliance Says Fully Ready For 5G To Make India A $5 Trillion Economy

After buying spectrum worth Rs 88,078 crore in the auctions, Reliance Jio on Monday said it is gearing up to roll out an advanced 5G network to make India a global leader in digital connectivity and...

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Risky Bet: Crypto Newbies Have Family And Friends To Thank For Losses

Brian Hourigan, a New York-based real estate executive, prides himself on keeping a portfolio of assets with modest but predictable returns.

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Risky Bet: Crypto Newbies Have Family And Friends To Thank For Losses

Brian Hourigan, a New York-based real estate executive, prides himself on keeping a portfolio of assets with modest but predictable returns.

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