Business News Updates

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 […]

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 […]

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 […]

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 […]

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 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 […]

RTGS Facility To Be Available 24X7 From Tonight; Click For Latest Updates

Bhubaneswar: The Real Time Gross Settlement System (RTGS) will be available round the clock on all days from December 14. The Reserve Bank Of India (RBI) Governor Shakti Kant Das informed that, “RTGS facility becomes operational 24X7 from 12.30 pm tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this […]

Jewellery, Gems Exports Can Now Be Couriered Globally

New Delhi: Gems and jewellery exporters have been permitted to send their goods across the globe to their buyers using the convenience of cost effective and reliable courier services. The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular clarifying that extant regulations do not restrict exports of gems and jewellery through […]

GST Taxpayers To File 4 GSTR-3B Returns Instead Of 12 From Next Year
GST Taxpayers To File 4 GSTR-3B Returns Instead Of 12 From Next Year

New Delhi: GST taxpayers will now be able to pay their tax dues on a self assessment basis without having to go through the cumbersome process of filing tax returns on a monthly basis from January 1. The Central Board of Indirect Taxes and Customs (CBIC) will introduce the new Quarterly Return and Monthly Payment […]

Ola To Invest Rs 2,400Cr For "World's Largest" Scooter Factory In India

Chennai: Ride-hailing major Ola said that it will make an investment of Rs 2,400 crore for establishing the “world’s largest” scooter factory in Tamil Nadu on Monday. The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm’s […]

Nifty Tops 13,550, Sensex Jumps 154 Pts To Fresh Record
Nifty Tops 13,550, Sensex Jumps 154 Pts To Fresh Record

Mumbai: Equity benchmark Sensex climbed 154 points to end at a fresh all-time high on Monday, tracking gains in ICICI Bank, L&T and Kotak Bank amid persistent foreign fund inflows and a largely positive trend in global markets. After touching its record intra-day peak of 46,373.34 during the day, the 30-share BSE index ended 154.45 […]

Partnership With Jio To Help Support Millions Of SMBs: Facebook CEO Mark Zuckerberg

New Delhi: Facebook CEO Mark Zuckerberg on Tuesday said its partnership with Jio Platforms will help support millions of small businesses in India. Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event. “At Facebook, we are in the business […]