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Business News Updates

FUEL-PRICES
After 2 Days Of Fall, Fuel Price Revision On A Pause

New Delhi: Oil marketing companies on Friday went on pause mode and decided against revising petrol and diesel after cutting its retail rates in the previous two days. Accordingly, the pump price of petrol and diesel remained at previous days level of Rs 90.78 and Rs 81.10 a litre respectively in the national capital. Petrol […]

SC Verdict Validates Values, Ethics Of Tata Group: Ratan Tata
SC Verdict Validates Values, Ethics Of Tata Group: Ratan Tata

New Delhi: Appreciating the Supreme Court judgement which set aside the NCLAT order that had restored Cyrus Mistry as the executive chairman of the Tata Sons, Ratan Tata, the Chairman Emeritus of Tata Sons said that the verdict is a validation of the values and ethics of the group. “It is not an issue of […]

BIS-Certification
BIS Certification To Be Mandatory On Packaged Drinking Water

New Delhi: The Food Safety and Standards Authority of India (FSSAI) has made it mandatory for manufacturers of packaged drinking water and mineral water to take BIS certification for obtaining license or registration from the regulator. The FSSAI on Friday said that FBOs(Food Business Operators) will have to mandatorily upload copy of the BIS (Bureau […]

Indian Media & Entertainment Industry May Grow By 25% In 2021: Report
Indian Media & Entertainment Industry May Grow By 25% In 2021: Report

New Delhi: The Indian media and entertainment (M&E) sector is expected to grow by 25 per cent in 2021 and is expected to reach Rs 1.73 lakh crore ($23.7 billion), according to a FICCI-EY report. Titled ‘Playing by new rules’, the report said that with its current trajectory, the M&E sector in India is expected […]

Amazon
Former Worker Sues Amazon For Not Providing Lunch Breaks

San Francisco: A former Amazon worker has sued the e-commerce giant in the US for not scheduling the mandatory 30-minute meal breaks for employees. Lovenia Scott, a former employee of Amazon’s fulfilment centre in Vacaville, California, alleged that the company didn’t provide enough rest breaks for workers, The Verge reported on Saturday. “When they did […]

Ethanol
Ethanol Sale For Compatible Automobiles To Boost Demand: Report

New Delhi: Centre’s move to allow the direct sale of ethanol as a fuel for compatible automobiles is expected to boost demand, said India Ratings and Research (Ind-Ra). According to the agency, the move assumes significance especially for the sugar industry as India might not be able extend export subsidies beyond 2023, according to the […]

Crude Oil Tumbles As Container Ship Stuck In Suez Canal Freed
Crude Oil Tumbles As Container Ship Stuck In Suez Canal Freed

New Delhi: Stock markets in Asia heaved a sigh of relief and crude oil prices fell as the vessel blocking the Suez Canal was freed. This will clear the canal and allow movement on the busiest waterway in the world. Crude prices fell after rising 4 per cent over the last few days as the […]

Sensex nosedives over 1,400 pts in early trade; Nifty tests 14,400
Sensex Rallies Over 500 Points In Early Trade; Nifty Tops 14,650

Mumbai: Equity benchmark Sensex rallied over 500 points in early trade on Tuesday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid largely positive cues from the Asian peers. The 30-share BSE index was trading 510.31 points or 1.04 per cent higher at 49,518.81, and the broader NSE Nifty surged 162.70 points […]

52% Of Indian Firms Report Cyber Attack In Last 12 Months
52% Of Indian Firms Report Cyber Attack In Last 12 Months

Mumbai: About 52 per cent of Indian organisations said they fell victim to a successful cybersecurity attack in the last 12 months, according to a survey released on Tuesday. Of these successful breaches, 71 per cent of organisations admitted it was a serious or very serious attack, and 65 per cent said it took longer […]

RBI
NBFC-MFIs To Charge 7.81% Average Base Rate In April-June

Mumbai: The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company – Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June quarter. The average base rate charged during the current quarter is 7.96 per cent. “The Reserve Bank of India […]

Adhar-PAN
Higher TDS If PAN Not linked With Aadhaar By Today

New Delhi: As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders to link their Aadhaar with PAN on or before March 31. ‘If your Aadhaar is not linked then your PAN will be considered inoperative and this will have an impact […]

Indian Startups
Atmanirbhar Bharat: Indian Startups Begin To Shun Chinese Investment

New Delhi: Paying heed to Prime Minister Narendra Modi’s call to build a self-reliant India amid the new normal, Indian tech startups have begun to shun Chinese investment as Indian corporates and wealthy individuals, along with investors from other countries, are funding desi companies more than ever. In 2019, Chinese investors poured $3.9 billion into […]

EPFO
Centre Cuts Small Savings Rate For Apr-Jun To 3.5%

New Delhi: The Ministry of Finance on Wednesday announced the reduction in the small savings rate from 3.5 percent for the first quarter of the financial year starting April 1, 2021. The small savings rate during January-March was 4 per cent annually. Further, in an office memorandum, the Department of Economic Affairs said that the […]

Trade
World Trade To Grow By 8% In 2021: WTO

Geneva: The World Trade Organization (WTO) said on Wednesday that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year. The global trade body said prospects for a quick recovery in world trade have […]

GST
GST Invoice Fraud: 132 Arrested, 1.63 Lakh Registrations Cancelled For Non-Filing Of Returns

New Delhi: The Goods and Services Tax (GST) authorities have cancelled 1,63,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months, sources in the Department of Revenue said. In one month of its nationwide drive against GST fake invoice frauds, the Directorate General […]

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