Search Results for: corporate income tax

Why has the forex reserve sunk $44.73 billion in 8 months? (Explainer)

The fall in foreign exchange reserves is also due to a value loss, which reflects the US dollar's strengthening versus key currencies, as well as a drop in gold prices.

May 7, 2022

K'taka HC allows Xiaomi conditional use of money from ED-seized accounts

The Karnataka High Court has stayed the Enforcement Directorate's April 29 order under which it seized Rs 5,551.27 crore from Ms Xiaomi Technology India Pvt Ltd.

May 6, 2022

Struggling Auto industry faces another hurdle as RBI move makes loans costlier

The automobile industry is still not out of the woods and the Reserve Bank of India's (RBI) move to increase the repo-rate by 45 basis points will make vehicle loans expensive, said a top official of the Federation of Automobile Dealers Association (FADA).

May 5, 2022

Drug cos recording profits; COVID treatment still out of reach for poor: WHO

Even as Covid drug makers are posting record profits, the lifesaving treatments often remain out of reach for the poor, the World Health Organisation said.

May 5, 2022

RBI drops the bombshell, raises the repo rate by 40 basis points to 4.40%

The RBI governor added that global oil prices are holding above USD 100 a barrel, which is seeping into local fuel prices, citing inflationary concerns.

May 4, 2022

Defence veterans complain of not receiving pension; Rajnath Singh intervenes, fixes problem [details]

The problem related to non-payment of pensions to some defence forces veterans appears to have started after the defence ministry introduced online system.

May 4, 2022

Singer Siddharth Koli, nephew of Govinda, talks about the importance of family for a successful career

Siddharth Koli said My uncle Govinda was a great inspiration for me. He always motivated me to work hard and give my best shot. I learned a lot about persistence from him

May 3, 2022

Caption: Rs 10 lakh to kin of govt general insurance employees dying of Covid

Govt-owned insurers go for organisational rejig, call for consultants

Is the central government moving towards merging its four general insurance companies into one?

May 3, 2022

Xiaomi says it's working with authorities amid seizure of Rs 5.5K crore [details]

Xiaomi said in a statement that it is committed to working closely with government authorities to clarify any misunderstandings.

May 1, 2022

Shoelace Records and UMG catalog acquisitions

UMG's investor presentation adds that it is not interested in "passive rights" which are music income streams which it has no control over.

Apr 28, 2022

Living near fast food outlets? Your chances of developing type 2 diabetes are high

Researchers noted that residing near fast food outlets in South Asia may raise the incidence of Type 2 Diabetes

Apr 27, 2022

cement sector, cement update, top picks, dalmia cement, MOSL research, shree cement, ramco cement

Adani on acquisition spree; In talks with Holcim to buy ACC, Ambuja

Ambuja Cement has a market capitalisation of Rs 76,477.13 crore, while ACC has a market capitalisation of Rs 43,389.19 crore, bringing the total market valuation of the two businesses to Rs 1.20 trillion.

Apr 27, 2022

To sell Tesla cars in India, make 'em here, not China; Gadkari tells Musk [details]

Elon Musk, who has just bought Twitter for $44 billion, will have to manufacture his Tesla cars in India, and not China, if he wants to come and sell the vehicles in the country, Union Road Transport and Highways Minister Nitin Gadkari said here on Tuesday.

Apr 26, 2022

LIC IPO to open on 4th May: Here's what will be the price band

India's potentially biggest IPO, LIC IPO is getting a lot of interest from anchor investors.