Pakistan's inflation rate hits 12.3 pc
Jan 02, 2022, at 07:52 pm
Islamabad/UNI: The inflation in Pakistan increased in December by 12.3 per cent, highest in nearly two years, according to media report on Sunday.
Mukesh Ambani-led Reliance to raise up to US$ 5 billion through overseas bonds
Jan 02, 2022, at 05:29 am
New Delhi/UNI: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the Finance Committee of the Board of Directors of the company has approved the plan to raise up to US$ 5 billion through an overseas bond issue.
Top cryptocurrency service providers raided for massive GST evasion
Jan 02, 2022, at 04:53 am
New Delhi: After the massive GST evasion by Cryptocurrency Service providers WazirX, the Directorate General of GST Intelligence (DGGI) has launched a crackdown on Cryptocurrency exchanges active in the country, media report said.
5.89 crore Income Tax Returns filed on new e-filing portal: Government
Jan 01, 2022, at 11:17 pm
New Delhi: Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as on Dec 31, the extended due date, as per government data released on Saturday.
Centre's GST collection in December declines marginally to Rs 1,29,780 crore
Jan 01, 2022, at 09:15 pm
New Delhi: The gross GST collection in December touched Rs 1,29,780 crore, asper data released by the Ministry of Finance on Saturday.
MG Motor India witnesses 43 percent growth with a retail of 40,273 units in 2021
Jan 01, 2022, at 06:39 pm
Gurugram: Automobile giant MG Motor India retailed 40,273 units in 2021, registering a growth of 43 percent over 2020.
Swiggy, Zomato clock record orders per minute sending UPI infrastructure into disarray
Jan 01, 2022, at 05:26 am
Mumbai/IBNS: Swiggy and Zomato, India's top food aggregator platforms, clocked 9,000 orders per minute and 7,100 orders per minute, respectively, till 8:20 pm on December 31, 2021, as most people decided to stay indoors and celebrated the New Year eve amid Omicron scare.
No extension of ITR filing deadline: Revenue Secretary Tarun Bajaj
Jan 01, 2022, at 04:29 am
New Delhi/IBNS: The government has no plan to extend the deadline for ITR filing and the filing process is going on smoothly, Revenue Secretary, Revenue Secretary Tarun Bajaj said Friday in a press conference.
Indian Market: Sensex rallied 459.50 pts
Dec 31, 2021, at 11:45 pm
Mumbai/UNI: The BSE Sensex surged 459.50 on Friday, the last session in 2021 on the strength of Metal, Telecom, Auto and Materials stocks.
Dec 31, 2021, at 11:26 pm
Kolkata/IBNS: Fintech companies can bring efficient onboarding of customers and offer seamless collection support at a negligible cost at the last mile touchpoints, stated Ketan Doshi, Managing Director of PayPoint India, at the recently held 8th ASSOCHAM National E-Summit on the NBFC sector.
Dec 31, 2021, at 11:06 pm
Mumbai/IBNS: Tata Group is yet to get the ownership of Air India because of delays in finalisation of its balance sheet and approvals from international regulators, Economic Time reported recently.
GST council meeting defers rate hike on textiles amid opposition from states, industry
Dec 31, 2021, at 10:33 pm
New Delhi/IBNS: The GST council meeting chaired by finance minister Nirmala Sitharaman Friday decided to defer the rate of hike on Textiles from 5 percent to 12 percent till the next meeting in February, media reports said.
SBI buys 9.95 pc stake in India International Exchange (IFSC)
Dec 31, 2021, at 08:36 am
Mumbai/IBNS: India's largest public sector lender State Bank of India (SBI) announced the acquisition of 9.95 percent in India International Exchange (IFSC).
CCI approves acquisition of 96.42% equity in Jindal Power by Worldone
Dec 31, 2021, at 08:24 am
New Delhi/IBNS: The Competition Commission of India (CCI) approves acquisition of 96.42 percent equity shareholding in Jindal Power Limited by Worldone Private Limited, the antitrust regulator said in a statement.
Sanjay Kumar Singh takes charge as Steel Secretary
Dec 31, 2021, at 07:54 am
New Delhi/IBNS: Sanjay Kumar Singh Thursday assumed charge as the Secretary of Ministry of Steel, the government said in a statement.
Dec 31, 2021, at 07:43 am
New Delhi/IBNS: The government Thursday notified Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021, revising the existing pecuniary jurisdiction for entertaining consumer complaints.
Last date of filing GST annual returns for 2020-21 extended
Dec 31, 2021, at 06:23 am
New Delhi/IBNS: The government has extended the deadline til February 28 for filing the GST annual returns for 2020-21 fiscal ended March 2021.
LIBOR Transition: SBI ready to switch to new interest benchmark
Dec 31, 2021, at 05:17 am
Mumbai/IBNS: The country's largest public-sector lender State Bank of India Thursday said it is all set to implement the new interest benchmark with the cessation of the traditional London Interbank Offered Rate (LIBOR) for its daily business and product pricing.
SEBI specifies penalty for non-compliance by non-convertible securities
Dec 31, 2021, at 03:32 am
Markets regulator SEBI on Wednesday announced guidelines for imposing fines and taking strict action for non-compliance with continuous disclosure requirements by the issuers of listed non-convertible securities and commercial papers.
Punjab National Bank launches online life certificate submission facility
Dec 30, 2021, at 11:55 pm
Kolkata/IBNS: In a major initiative to simplify and extend convenience to its pensioners, Punjab National Bank has come up with the facility of online Life Certificate submission for Central/State Govt. pensioners.
We will achieve 70 percent Made in India products by 2025: Kutchina MD
Dec 30, 2021, at 11:20 pm
IBNS Correspondent Nitin Waghela catches up with Areyan Bajoria, Managing Director of Kutchina, to understand the kitchen brand's growth strategy and the latest trends taking place in the world of Indian kitchen market.
Volvo Car India announces price hike
Dec 30, 2021, at 11:15 pm
Kolkata/IBNS: Swedish luxury carmaker Volvo Car India today announced an increase in the ex-showroom prices of its cars in India ranging between rupees one to three lakhs due to a rise in input costs. The new prices would be effective from January 1, 2022.
How to Keep Your Life Insured and Still Have a Regular Income?
Dec 30, 2021, at 10:42 pm
Life insurance has long been used to safeguard the financial stability of the family even after the death of the breadwinner. A family that loses its breadwinner might quickly lose its financial standing, risking the financial future of its children. Therefore, life insurance plans, particularly term insurance plans, would provide a considerable quantity of funds to the grieving family and assist them in achieving their life objectives.
Unitholders' consent mandatory before winding up Mutual Fund scheme: SEBI
Dec 30, 2021, at 09:04 pm
Mumbai/IBNS: Mutual fund (MF) trustees have to take the consent of unitholders’ while winding up any MF scheme, the market regulator Securities Exchange Board of India has decided in a board meeting.
LIC's Digi Zone to accelerate digital transformation
Dec 30, 2021, at 08:54 pm
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
Centre invites applications under PLI scheme for speciality steel
Dec 30, 2021, at 08:29 pm
New Delhi/IBNS: The government has started inviting applications from investors seeking to invest and avail benefits under the production linked scheme (PLI) for speciality steel on Wednesday.
Dec 30, 2021, at 08:25 am
Mumbai/IBNS: The Reserve Bank of India has said the gross non-performing assets (GNPAs) of banks may jump from 6.9 percent in September 2021 to 8.1 percent by September 2022 under the baseline scenario and to 9.5 percent under a severe stress scenario, the Reserve Bank of India (RBI) said in its Financial Stability Report (FSR) on Wednesday.
NRIs, OCIs don't need RBI's approval for buying immovable property in India
Dec 30, 2021, at 06:26 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has said NRIs and OCIs do not need its prior permission for the sale and transfer of immovable properties in India, other than agricultural land, farm houses, plantation properties.
Banks offer Rs 35,000 cr loan to Air India's new owner Talace promoted by Tata
Dec 30, 2021, at 05:58 am
Mumbai/IBNS:Air India has been offered a loan of over Rs 35,000 crore at a weighted-average yield of 4.25 percent, the cut-off rate at which the government last raised one-year money through an auction of 364-days treasury bills, ET reported.
ICRA revises outlook for telecom sector; says ARPU to increase to Rs 174 by FY23 end
Dec 30, 2021, at 04:04 am
Ratings agency ICRA has revised the industry outlook for the telecom sector from 'negative' to 'stable' as the tariff hike by three big companies, Reliance Jio, Vodafone, and Bharati Airtel, following Centre's reforms package, is likely to increase the industry average revenue per user (ARPU) and also support telco companies to profit.