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Business
Govt Cuts Windfall Taxes On Fuel Export
New Delhi: The government on Wednesday eliminated a levy on gasoline exports and slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates.
The taxes were imposed on July 1 to tap energy…
Mukesh Ambani Steps Down As Reliance Jio Director; Son Akash Appointed Chairman
Mumbai: Mukesh Ambani has decided to hand over the reins of Reliance Jio to his son elder son Akash.
Mukesh resigned as director of Reliance Jio, effective from June 27, and Akash has been appointed as chairman of the board of directors.…
After RBI’s Repo Rate Hike, SBI Increases Interest Rates on Deposits & Loans
Bhubaneswar: Following the repo rate hike by Reserve Bank of India (RBI) last week, the State Bank of India on Tuesday raised its interest rates on deposits and lending
The SBI said has raised interest rates by 0.20% on domestic term…
Rs 78 To One US Dollar: Indian Rupee Hits All-Time Low
New Delhi: The Indian rupee plummeted to an all-time low on Monday, breaching the 78-mark against the US dollar, breaking all previous records.
According to analysts, there are multiple factors behind the rupee falling to a lifetime low.…
RBI Allows UPI-Credit Card Linking; Check Details
Mumbai: The Reserve Bank of India (RBI) on Wednesday proposed to allow the linking of credit cards to the instant real-time payment system. This facility, which currently facilitates transactions by linking savings and current accounts…
RBI Hikes Lending Rate To Tame Inflation, Retains GDP Forecast
Mumbai: To contain the soaring inflation, the Reserve Bank of India (RBI) on Wednesday raised the benchmark interest rate by 50 bps basis points while keeping FY23 GDP growth forecast unchanged at 7.2%.
The hike, which was voted…
World Bank Further Lowers India’s Economic Growth Forecast For FY23
Bhubaneswar: Revising the GDP growth forecast for India for the second time in the current fiscal, the Work Bank on Tuesday slashed it to 7.5%, citing rising inflation, supply chain disruptions and geopolitical tensions.
In April, it had…
LIC Share Reaches New Low In NSE As Investors Lose Rs 1.2 Lakh Crore
Bhubaneswar: With the share value of Life Insurance Corporation of India (LIC) crashing by around 20% from its initial public offering (IPO), the investors have lost around Rs 1.2 lakh crore.
Tipped as biggest IPO in Indian stock market,…
Tata Group India’s Most Valuable Brand Once Again; Check Out The Top 4
New Delhi: Which is the most valuable Indian brand?
Tata Group has been ranked No. 1 yet again, as its brand value increased by 12% to $24 billion.
According to brand valuation consultants Brand Finance, the multinational conglomerate led…
GST Officials Directed Not To ‘Forcefully’ Collect Unpaid Tax During Search
Bhubaneswar: Following complaints of harassment by officials for recovery of tax dues from tax-payers, the GST department has issued a notice preventing the tax officers from recovery of unpaid taxes during search or inspection.
In a…