Business News Updates

India smartphone market dips 6% in Q2, 5G grows 45%: Report
India smartphone market dips 6% in Q2, 5G grows 45%: Report

According to CyberMedia Research (CMR), Samsung (18 per cent), Vivo (15 per cent) and Xiaomi (15 per cent) captured the top three spots in the smartphone leaderboard in Q2 2023, followed by realme (12 per cent) and OPPO (10 per cent).

  • Friday, 04 August 2023
Import restrictions on PCs, tablets to ensure trusted hardware & systems: Centre
Import restrictions on PCs, tablets to ensure trusted hardware & systems: Centre

The Centre on Friday allayed consumer fears about the notification on restricting the imports of PCs, laptops and tablets, saying the objective is to ensure trusted hardware and systems and increase domestic manufacturing in these hardware categories.

Tesla
Tesla leases its first Indian office in Pune

As per a report by the Hindustan Times, Tesla’s Indian subsidiary has entered into a five-year lease agreement with Tablespace Technologies Pvt Ltd for 5580 square feet of office space at Panchsheel Business Park, Viman Nagar in Pune.

  • Thursday, 03 August 2023
'India's macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'
'India's macro challenge for decade ahead is to achieve sustained high, stable and inclusive growth'

A paramount test will be whether India can become the next big global manufacturing hub, an immense opportunity.

  • Thursday, 03 August 2023
Centre restricts import of laptops, PCs & tablets
Centre restricts import of laptops, PCs & tablets

A notification issued by Directorate General of Foreign Trade (DGFT) on Thursday said that though import of these items will be allowed against a licence, certain use cases have been exempted from the restrictions.

  • Thursday, 03 August 2023
  • Centre
Toyota Innova Hycross
Innova Hycross Hybrid outsells Maruti Grand Vitara and HyRyder Hybrids combined

As per a Cartoq report, the Toyota Hycross Hybrid has taken the lead in the Q2-2023 sales, reaffirming its position as a preferred choice among buyers.

  • Wednesday, 02 August 2023
Gold gained on Fitch downgrade US credit rating
Gold gained on Fitch downgrade US credit rating

Be that as it may, a policy rate cut by the US Federal Reserve combined with higher-than-average inflation will result in a structural up move in gold prices, said Quantum Asset Management Company (AMC).

More than 6 crore ITRs filed till July 31, 16% more than last year, says IT Department
More than 6 crore ITRs filed till July 31, 16% more than last year, says IT Department

This was 16.1 per cent more than the 5.83 crore ITRs which were filed for the assessment year 2022-23, till July 31, 2022.

  • Tuesday, 01 August 2023
Online gamers from small towns seek withdrawal of 'punitive' 28% GST
Online gamers from small towns seek withdrawal of 'punitive' 28% GST

These gamers have been playing online games as a passion and also to earn extra money to support their living.

  • Tuesday, 01 August 2023
  • GST
Rs 2000 notes
Withdrawal of Rs 2000 notes: Utilise next 2 months & avoid rush, RBI advises public

It is pertinent to mention here that the RBI had announced the withdrawal of the Rs 2,000 banknotes from circulation through a notification issued on May 19, 2023.

  • Tuesday, 01 August 2023
  • RBI
GST collections for July rise 2% to Rs 1,65,105 crore
GST collections for July rise 2% to Rs 1,65,105 crore

Out of Rs 1,65,105 crore GST collections for July, CGST was Rs 29,773 crore, SGST was Rs 37,623 crore, IGST was Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess stood at Rs 11,779 crore (including Rs 840 crore collected on import of goods).

  • Tuesday, 01 August 2023
  • GST
DGCA greenlights Air India, IndiGo's aircraft imports
DGCA greenlights Air India, IndiGo's aircraft imports

Meanwhile, the DGCA said that the availability of parking slots is ensured at the time of granting NOC for the actual import of aircraft.

GST evasion cases rose 23.5% in 2 years, 166% rise in detection in value terms
GST evasion cases rose 23.5% in 2 years, 166% rise in detection in value terms

As per Finance Ministry data, in 2020-21, as many as 12,596 cases of GST evasion were detected, while in 2022-23, the cases rose by 23.5 per cent to 15,562.

  • Monday, 31 July 2023
  • GST
Jet Airways' air operator certificate renewed by DGCA till Sep 3
Jet Airways' air operator certificate renewed by DGCA till Sep 3

This crucial development clears the path for the grounded passenger carrier to resume its operations and revive its services in India.

  • Monday, 31 July 2023
Last-minute rush: 3.39 lakh ITRs filed in one hour as deadline ends today
Last-minute rush: 3.39 lakh ITRs filed in one hour as deadline ends today

Last day rush to file taxes; Government won't extend deadline for Income Tax Return (ITR). 11 lakh ITRs filed, 3.39 lakh in last hour. 6.13 crore filed by July 30.

  • Monday, 31 July 2023
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