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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 […]
The Sensex and Nifty soared at their volatile best post unlock. However, the steam is now cooling down and with fears of an Omicron-pushed downward curve, investments are being re-thought. Governments across the globe are fighting the Corona on the apparent level while aggressively combatting another economic disaster on the far-reaching inherent level. Rahul Jain, […]
If you are a club member then here’s something you should take note of. Associations and club members will have to levy Goods and Services Tax (GST) on fees collected from members retrospectively from July 1, 2017. The Finance Ministry has notified January 1 as the date for implementation of the amended Section 7 of […]
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 […]
As a part of Vibrant Gujarat Global Investors Summit 2021, a pre-summit with a focus on the Textile sector-‘Weaving Growth For Textiles’ will be held on December 29 in Surat. Chief Minister of Gujarat Bhupendra Patel will inaugurate the seminar. A day-long summit will see deliberations on how to provide further impetus to the textiles […]
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 […]
Indian e-commerce giant Amazon India has taken the Enforcement Directorate to the Delhi High Court over an inquiry conducted by the latter regarding the Future Group deal of 2019. With their petition Amazon is seeking a relief from the probe by the ED which they allege is going beyond the scope and power of the […]
After recovering 1100 points in the last two days, the market gained 385 points on Thursday. The BSE closed at 57,315.28 up 0.68 percent and NSE closed at 17,072.60 up 117.15 points. Medplus Health Services Ltd had a stellar listing, the stock closed 40.81 percent up from its listed price of Rs 796 to Rs […]
The Government has empowered GST officials to recover Goods and Services tax without issuing a notice. This power has been given to the GST officials through a gazette notification and the provisions will come into effect from January 1,2021. According to the new amendments, if invoice details and outward supply liability don’t match, GST officials need not […]
There is a global fear about the spread of new Covid variant Omicron and many industries are affected by it but that’s not the case with the diamond industry, as the exports from India rose by 21%. Recently, Gems and Jewellery Export Promotion Council (GJEPC) released Import-Export Data which highlighted how despite the jitters in […]
In a recovery mode, after gaining 500 points on Tuesday, the Market gained 600 points today and maintained the positive momentum. The market closed at 56,930 up 1.09 percent or 611.55 points. The Nifty closed at 16,955 up 1.1 percent or 184.60 points. Top Gainers were: No Top Gainers Gain( in %) 1 Share India […]
Guess how many samosas Indians order? Well, hold your breath: They order 50 lakh of them or equivalent to the combined population of Dubai, Maldives and Hawaii! Want more? Well, Indians order 2 biryanis every second. This is not all. Swiggy’s latest StatEATstics 2021 also reveals that Pavbhaji and Gulab Jamun are the second most-ordered […]
The Government-owned Bharat Sanchar Nigam Limited on Monday launched a Broadband plan with a validity of 425 days. At present, there is no company offering a plan of more than 365 days. This broadband plan comes at Rs 2500. This is one of the many plans launched by the company. There are many others that […]
Rajkot headquartered Rolex Rings Ltd. on Monday signed an MOU with Gujarat Government to develop Textile and Apparel Park, IT Park and Toy Park at Gondal district of the state. Important to note here is that as a part of Vibrant Gujarat Global Summit, the Government is signing many MOUs before the event. The company […]
After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the market witnessed 2281 […]
After the Diwali Silk City of India, Surat is facing a tide of recession. The Market had just recovered after the covid but it seems that recession is returning in the textile market, which has left the textile traders worried. Following the recession Mill owners have decided to give employees 2-3 days off in a […]
The BSE Sensex closed solidly 2.09% lower on Monday and recorded the worst decline of the month so far, as investors felt the jitters of the spread of corona variant omicron. Market closed 1189.73 point down at 55822.01 with intra-day high of 56,538 and low of 22,132. The Nifty 50 closed 371 points at 16,614. […]
WardWizard Innovations and Mobility Ltd signed a Memorandum of Understanding (MOU) with the Gujarat government to invest Rs. 500 crore, this MOU was signed as a part of Vibrant Gujarat Global Summit 2022 The agreement aims to foster the growth of the electric vehicle industry and meet the government’s vision of strengthening green mobility in […]
First, it was all about owning a car. Then, driving in congested cities became a problem. Subsequently, calling in a cab, proved easier and economical too. But with vehicular population choking arterial roads, lanes and by-lanes, where are we headed next? The answer, it seems, may be found in entrepreneur Arjit Soni’s futuristic vision. “MYBYK […]
