US industry urges FM to rationalise, simplify direct and indirect taxes in India
Ahead of the annual budget presentation, an India-centric top US strategic and business advocacy group has urged Union Finance Minister Nirmala Sitharaman to simplify and rationalise direct and indirect taxation system in India, a move it believes would increase the confidence of global investors and yield greater foreign direct investment. Direct...
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Bids for project in Great Nicobar Island invited
28 January 2023 | PTI -
Automobili Lamborghini posts record sales in India last yr
28 January 2023 | PTI -
Porsche’s car delivery in India rises 64% to 779 units in 2022
28 January 2023 | PTI -
Airtel rolls out 5G services in J&K seven cities
28 January 2023 | PTI -
Tata Motors shares jump over 8% after earnings announcement
28 January 2023 | PTI -
Forex kitty rises by $1.727 billion to $573.727 billion
28 January 2023 | PTI -
Gold falls Rs 70; silver jumps Rs 45
28 January 2023 | PTI
Rupee rises 8 paise to end at 81.53 against US dollar
The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank...
Best Agrolife Ltd adds 98% growth in net profit for Q3
Agro-chemical firm Best Agrolife Ltd has posted a 98 per cent growth in its consolidated net profit to `30.61 crore for the third quarter ended December 2022. Its net profit stood at `15.47 crore in the year-ago period, according to a regulatory filing. The company’s revenue from operations rose 41 per...
Worst of inflation, growth, currency crises behind us: Das
Reserve Bank of India Governor Shaktikanta on Friday said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us and that high interest rates for a longer period looks a distinct possibility going forward. Though the global...
PE/VC investments declined by a third to $54.2 bn in ‘22
Investments by private equity and venture capital funds declined by nearly a third to $54.2 billion in 2022, which was characterised by a ‘funding winter’ after consecutive years of surge. Even after the decline, the year was the second best for India in terms of bets taken by such long term...
Equity mutual fund to shift to T+2 settlement cycle
Asset management companies (AMCs) will move to a shorter redemption payment cycle of T+2 for equity schemes from February 1. At present, funds are transferred to the investor’s bank account within 3 days after the completion of the redemption process. The move is in line with the T+1 settlement cycle of equity...
Pakistan’s currency plunges to Rs 262.6 against US dollar
Cash-strapped Pakistan’s currency depreciated to its lowest against the US dollar on Friday in the interbank and open market and closed at Rs 262.6. At one stage the currency depreciated to Rs 265 in the open market and Rs 266 in the interbank before making a slight recovery by the end...
Pakistan rupee maintains freefall
The Pakistani currency maintained a freefall for a second consecutive day, plunging by a fresh 4.78 per cent (or Rs 12.87) to a new all-time low of Rs 268.30 against the US dollar on Friday, media reports said. On Thursday, the currency recorded the single largest slump in a day of...
