Business News Updates

In September, gold was sold at Rs 55,000 per 10 grams for 22-carat. Now, following the drop, the prices have come down to Rs 53,000. 

According to an RBI statement issued on Tuesday, a monetary penalty of Rs 6.50 lakh has been imposed on Dhanera Mercantile Co-operative Bank Ltd., Dhanera, Gujarat for non-compliance with the directions issued by RBI on loans and advances to directors, relatives and firms/concerns in which they are interested.

Except for PSU Banks, Realty, and Consumer Durables, all sectors ended in red. Auto saw profit booking after good September month sales numbers, while O&G fell following cool-off in Brent crude prices which has corrected to below $90/barrel, he said.

The production of Coal India Limited (CIL) rose to 51.44 million tonnes in September 2023 as against 45.67 million tonnes in September 2022, thus recording a growth of 12.63 per cent. 

The office of the Director General of Civil Aviation (DGCA), which oversees the country’s aviation industry, recently proposed an update to its bylaws regarding alcohol consumption, CNN reported.

AI953 will depart at 1:30 p.m. (IST) to reach Doha at 3:45 p.m. The return flight AI954 will take off from Doha at 4:45 p.m. to land at Kochi at 11:35 p.m. (All Local Time).

Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST was Rs 83,623 crore (including Rs 41,145 crore collected on import of goods) and cess was Rs 11,613 crore (including Rs 881 crore collected on import of goods). 

Reports suggest that the company is stressing on the importance of physical interaction among employees.

Dining out is set to become dearer as an immediate fallout of this hike.

The Odisha government on Saturday approved 19 investment projects worth Rs 3,663 crore.

After today i.e. September 30, the Rs 2000 notes will continue to remain legal tender. However, customers cannot exchange it and they will not be accepted for transaction purposes.

The Finance Ministry, which revises interest rates for small saving schemes after every quarter, announced the new rates on Friday for the period between October 1 and December 31, 2023.

The minister's comments came as the proposal by the Telecom Regulatory Authority of India (TRAI) on selective banning of OTT or Internet services has resulted in a fierce debate among industry bodies, internet companies and startup founders. 

September 30th deadlines: Submit DIR-3 KYC for directors, transfer international money, meet tax audit due date, and exchange Rs 2,000 notes to avoid penalties.

He said the task is more important because the entire banking system runs on deposits, which are accumulated from small savers, middle class and retirees.