Browsing Category
Business
Equity Indices Shed Gains Post Gap-Up Opening
Mumbai: The key Indian equity indices pared their initial gains after a gap-up opening to trade on a flat-to-negative note on Wednesday morning.
Selling pressure was witnessed in oil and gas, power and banking stocks.
Around 10.15…
Create Task Force To Look Into Issues In New IT Portal: FinMin To ICAI
New Delhi: The Union Finance Ministry has asked the Institute of Chartered Accountants of India (ICAI) to constitute a seven-member task force to look into the technical issues facing the new Income Tax e-filing portal developed by…
CBDT Comes Up With New Functionality For Compliance Check Of Non-Filers
New Delhi: As part of the efforts to ease the compliance burden of taxpayers, the Central Board of Direct Taxes (CBDT) has issued a new functionality that would disclose if a person is liable to pay taxes at a higher rate for non-filing of…
India’s Huge Bauxite Import Bill Needs To Be Diverted To Develop Local Supply Chains
New Delhi: Indian Industrial Value Chain Collective (IIVCC), a group representing organizations involved in the industrial production and consumption supply chain activities across India on Tuesday released data on the loss resulting from…
Fuel Price Hiked Again, Petrol Nearing Century Mark Across The Country
New Delhi: Fuel prices increased again across the country on Tuesday adding more misery for the common man already grappling with rising food prices amid shrinking income.
With the rise, petrol prices have reached very close to hitting…
Record Run Continues, Sensex Crosses 53,000 Mark
Mumbai: Bull run continued on the Indian equity market on Tuesday with the BSE Sensex crossing the 53,000-mark for the first time.
Oil and gas stocks led the rise in the market.
Sensex has touched an all-time high of 53,018.71 points.…
Industry, Govts And Civil Society Must Work As A Coalition: Mukesh Ambani
New Delhi: The Chairman of Reliance Industries Limited (RIL), Mukesh Ambani, said on Monday that the industry, governments and civil society will have to work as a coalition for the global economy.
Addressing the Qatar Economic Forum,…
IKEA, Rockefeller Foundation Collaborate To Set Up $1bn Global Platform
Mumbai: The IKEA Foundation and The Rockefeller Foundation on Monday announced that they will join forces to set up a $1 billion global platform to fight climate change and energy poverty.
The platform, launching this year, aims to…
Sensex Trims Losses After Losing 600 Points
Mumbai: The domestic stock market witnessed a gap-down opening on Monday, tracking global markets after Federal Reserve official Jim Bullard suggested that the first interest rate hike by the US central bank could come as early as the end…
FIDC Urges Govt To Address Issues Of MSME Borrowers & NBFCs
Mumbai: The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and the NBFCs catering to these enterprises.
The industry body of…