Light
Dark
India has achieved the highest ever merchandise export of USD 37.29 billion in December 2021, which shows an increase of 37 percent over the same period last year, said Union Minister of Commerce and Industry, Piyush Goyal. Data shows that India’s merchandise export between April-December 2021 stood at USD 299.74 billion, with an increase of […]
GST revenues for the Central Government in December 2021 are 13 percent higher than the revenues in the same month last year and 26 percent higher than in December 2019, the Finance Ministry said on Saturday. Total of Rs. 1,29,780 crore of GST is collected by the Government in the month of December of which […]
Nirmala Kurien, 63, is best known for being the daughter of Verghese Kurien, but she’s a remarkable personality in her own right. A divorcee and a single parent, Ms Kurien built an independent career in Chennai, to support herself and her son Siddharth. She is currently General Manager, Human Resources, at Sankara Nethralaya eye hospital. […]
The protest of traders against increase in goods and services tax on textile has finally payed off as GST Council has decided to defer the hike in GST rate on textiles from 5 per cent to 12 per cent. Several states flagged higher tax rate on textile products from January 1 and demanded that the […]
A revised slab for Goods and Services Tax (GST) will come into effect from January 1. The changes were declared by the Central Board of Indirect Taxes and Customs (CBIC) on November 18. So be prepared for prices that will only get higher. Tags on clothes and footwear will increase as the GST rate on […]
Life has changed. The way we live, work, educate our children or log-in for virtual meets is happening a new way. Our means of income, investment and spends have also entered the e-commerce avenues, some with e-wallets and some with online payments. Little wonder then that the top tech trends for 2022 will be a […]
The Reserve Bank of India on Tuesday released the “Trend and Progress of Banking in India 2020-21” report. The report showcases the overall performance of the banking sector which includes co-operative banks and NBFCs- Non banking financial institutions during 2020-21 and 2021-22 so far. Main Highlights of the report: Consolidated balance sheets of scheduled commercial […]
Global Real Estate consultancy Knight Frank’s latest report ‘Affordability Index’ puts a stamp of approval to what developers and many experts have been saying about the Real Estate market of Ahmedabad with the city being declared the ‘Most Affordable’ market in the country. Knight Frank on Wednesday released its report ‘Affordability Index-Rediscovering Affordability’, for which their time […]
The New Year will begin with more burden on the pocket. Two days from now, withdrawing money from ATMs, buying cars, clothes and footwear will become expensive. The Reserve Bank of India has allowed increase in charges on cash withdrawals after free transactions. According to the RBI, after a free transaction, the bank will be […]
The stock market ended marginally lower on Thursday. The market witnessed 1979 shares ending in green and 1309 shares which declined. The market closed at 57,806.49 down 0.16 percent. The NSE closed at 17,213.60 down 0.11 percent. Top Gainers were: No Company Name Gains(in %) 1 Paramone Concepts 20.00 2 Cybertech System 20.00 3 VMV Holidays Ltd. 20.00 4 Nureca […]
On The birth anniversary of Dhirubhai Ambani, India’s richest man and the Chaiman and Managing Director of Reliance Industries Limited Mukesh Ambani has dropped hints of giving more responsibilities to the new generations. An iconic entrepreneur Dhirubhai started Reliance from very humble beginning to make it one of India’s most successful business empires during his […]
Market watchdog SEBI on Tuesday announced a slew of changes to tighten norms for the utilization of IPO proceeds. Key Changes: Introduction of special situation funds to invest only in stressed assets was among the many changes proposed by the SEBI board. They also made amendments to various regulations like on proceedings of settlements and […]
Market continued it’s positive run on Tuesday as Sensex gained 477 points.The market witnessed gains in technology and auto shares. All sectoral indices ended on a positive note. The BSE closed at 57,897.48 points after gaining 0.83% and NSE closed at 17,233.25 after gaining 0.86% ICICI Direct said that the market is in the middle […]
Acting on multiple complaints filed by state consumers, the Department of Weights and Measures and Consumer Protection, Gujarat, has fined retail giants a penalty of Rs 25 lakhs each. The companies have been charged with fraudulent acts that are in gross violation of consumer order, as based on product catalogue/photo and/or delivery assurance. The 60 […]
Laghu Udhyog Bharati, an all India organization of the micro and small scale industries, has urged the Union Finance Minister, Nirmala Sitharaman to restore the goods and service tax (GST) rate of 5% on textile fabrics. In a letter to the Union Finance Minister, Laghu Udhyog Bharati stated that the notification has been issued with […]
Business tycoon Gautam Adani-led Adani Group is all set to start coal exports from their Carmichael mine in Australia’s Galilee Basin. It is the first coal mine in Queensland’s Galilee Basin with huge untapped coal reserves. Adani Group bought this mine in 2011 for $2 Billion. “The first shipment of high-quality coal from the Carmichael […]
From January 1, get ready to shell out more after booking a cab, buying denim of your favourite brand or even footwear irrespective of the price as the GST Council has decided to increase the GST rates in some cases and in some have introduced new measures. What is more interesting, if you call an auto-rickshaw […]
Amid rising cases of Covid variant Omicron, Sensex on Monday staged 877 points rebound and ended 295 points up, after factoring in the low mortality rate of the new variant. The market witnessed gains in Pharma, IT, finance, and realty sectors. The BSE closed at 57,420.24 points after gaining 0.52% and NSE closed at 17,086.25 […]
Billionaire business tycoon Gautam Adani and Total of France’s joint venture- Adani Total Gas Ltd and State-owned Indian Oil Corporation (IOC) have bid for the maximum number of licenses to provide piped cooking gas to households and retail CNG to automobiles. Tenders were floated by the Petroleum and Natural Gas Regulatory Board (PNGRB) for 65 […]
After three days of rally and around 1500 points gains, the market on Friday tumbled 191 points. The BSE closed at 57,124 points down 0.33 percent and NSE closed at 17,003 down 0.40 percent. The top five gainers were: No Company Name Change (in %) 1 Data Patterns (India) 29.03 2 Nikhil Adhesives 20.00 3 […]
