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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
New Delhi: IT company Majesco Ltd on Tuesday has approved payment of interim dividend at the rate of 19,480 per cent i.e. Rs 974 per equity share of face value of Rs 5 each for financial year 2020-21. This is one of the highest dividend payouts seen in recent times. This interim dividend payout translates […]
New Delhi: WhatsApp Pay on Wednesday announced it is now live with State Bank of India, HDFC Bank, ICICI Bank and Axis Bank for its up to 20 million users in India. After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go […]
New Delhi: Oil marketing companies continued to hold back any change in the retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for the past 10 days. Accordingly, there was no change in retail price of auto fuels on Thursday with […]
New Delhi: In a big relief to exporters, the government had decided to credit all duty drawback claims made by them within a period of three days. The Central Board of Indirect Taxes and Customs (CBIC) has instructed all zones under its jurisdiction to immediately take necessary action that will facilitate credit of drawback claims […]
Mumbai: Gold and silver prices declined on Friday as traders booked profits after the recent surge in prices. Further, increasing hopes of an economic stimulus from the US government also weighed on the price of gold internationally, which reflected in the domestic market. As the US Congressional Republicans and Democrats try to pass a new […]
Mumbai: Extending its winning run to the sixth session, equity benchmark Sensex advanced 70 points to end at a new record on Friday following gains in Infosys, ICICI Bank, TCS and Reliance Industries. After opening at its lifetime intra-day high of 47,026.02, the 30-share BSE index pared some gains to finish at 46,960.69, up 70.35 […]
Bengaluru: With the rise in online shopping amid the pandemic this year, not only in metros but also in tier-3 cities and beyond, Flipkart on Friday said it saw close to a 35 per cent increase in sellers onboarded in 2020, in comparison to the same period last year. These sellers came from tier-2 and […]
New Delhi: Finance Minister Nirmala Sitharaman on Friday promised a “never before” like Union Budget as the government looks to steer the pandemic-battered economy and push growth. While investment in health, medical Research & Development (R&D) and developing greater skills to handle telemedicine is going to be critical, livelihood challenges would have to be seen […]
New Delhi: The Government has proposed to free both power producers and consumers from continuing with contracted obligation once the tenure of a power purchase agreement expires. The move is expected to provide flexibility to both procurers (mainly Discoms) and generators (power projects) to look for meaning contracts post expiry of a PPA, one where […]
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