New Delhi: As ByteDance continues to struggle in the US, a new report claimed on Thursday that China-based company that owns the short-video making app TikTok may sell its India business to Reliance Jio amid uncertainties around its operations in the country. Citing people familiar with the early-stage discussions, Tech Crunch reported that the “two […]
New Delhi: A substantial rise in food prices lifted India’s July retail inflation to 6.93 per cent from 6.23 per cent in June, official data showed on Thursday. On a year-on-year (YoY) basis, the CPI inflation more than doubled last month from 3.15 per cent recorded during July 2019. The data furnished by the National […]
Mumbai: The Reserve Bank of India (RBI) Board on Friday approved the transfer of Rs 57,128 crore surplus to the Central government for FY20. The decision was taken at the 584th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference. The Board reviewed the current economic situation, continued […]
Bengaluru: E-Marketing giant Amazon has introduced online pharmacy services in India that would allow consumers order both prescription-based and over-the-counter medicines. The service will be beta tested in Bengaluru on a pilot basis and then will reportedly move towards other cities. The move came after the drug business especially online drug business saw a major […]
Mumbai: Stock markets regained footing on Tuesday after the previous session’s massive selloff, tracking renewed buying interest in financial, bank and auto counters amid firm global cues. Participants also cheered…
Mumbai: Ritesh Agarwal, CEO of hospitality major OYO, has joined hands with the country’s largest incubator Venture Catalysts (VCats) to promote entrepreneurship in small-town India. Vcats is the world’s seventh most active early-stage investor and integrated incubator and is known for developing and nurturing early-stage startups. The Mumbai-based incubator has a presence in over 30 […]
New Delhi: Taxpayers will not be required to mention their high-value transactions in their income tax returns, officials aware of the development said. “There is no such proposal to modify income tax return forms,” an official said, responding to reports of the proposed expansion of reportable financial transactions to include hotel payments over Rs 20,000, […]
New Delhi: After the disclosure of a holding in HDFC, the Chinese central bank Peoples Bank of China has now acquired an equity stake in ICICI Bank. The government had in April notified new norms for FDI investments by neighbouring countries which would require approvals. It is not clear if portfolio investments need to go […]
Mumbai: Domestic equity benchmark Sensex tumbled over 300 points in early trade on Thursday tracking selloff in global markets after US Fed’s gloomy economic outlook spooked investors. The BSE Sensex was trading 344.53 points or 0.89 per cent lower at 38,270.26; while NSE Nifty was down 92.80 points or 0.81 per cent at 11,315.60. ICICI […]
New Delhi: Chinese banks will get the lions share of Rs 7,000 crore or 30 per cent in the Reliance Communications Limited (RCom) and Reliance Telecom Limited (RTL) resolution plan while the Department of Telecommunications (DoT) will get zero proceeds. The Government of India and the DoT against the AGR dues of Rs 30,000 crore […]
New Delhi: The import of ‘Made-in-China’ Ganesh idols has been nil this year, informed Confederation of All India Traders (CAIT). CAIT Secretary General Praveen Khandelwal on Saturday said: “Every year about 30 crore idols of Lord Ganesh are purchased across country.” You May Like: Govt Puts TV Set Imports On Checklist To Stop Entry Of […]
New Delhi: The Goods and Services Tax (GST), often hailed as the “biggest tax reform” in India, has evolved over the years, and the weighted rate of GST has declined in the past few years to 11.6 per cent from 14.4 per cent in May 2017. The Finance Ministry on Monday cited data from Reserve […]
Mumbai: Domestic equity benchmark Sensex rallied 364 points on Monday, driven by strong buying in financial counters amid a positive trend in global equities and sustained foreign fund inflows. The BSE Sensex ended 364.36 points or 0.95 per cent higher at 38,799.08. The NSE Nifty jumped 94.85 points or 0.83 per cent to 11,466.45. Kotak […]
New Delhi: The Finance Ministry on Monday said the GST regime has reduced the rate at which people have to pay tax, helped increase compliance and doubled the taxpayer base to 1.24 crore. In a series of tweets on Monday, also the first death anniversary of former Finance Minister Arun Jaitley, the ministry said before […]
New Delh: Currency notes of Rs 2,000 were not printed at all in financial year 2019-20, according to the Reserve Bank of India (RBI). The central bank’s Annual Report for 2019-20 also showed that the supply of banknotes during the period was lower by 23.3 per cent than in the previous year, mainly due to […]
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