Centre mulls over change in tax laws to tax cryptocurrency gains in India
Nov 20, 2021, at 12:08 am
Mumbai/IBNS: The Centre is mulling on bringing changes under the tax laws to tax gains from cryptocurrency in the southeast Asian nation.
Flipkart to enter healthcare sector; to buy majority share in Sastasundar.com
Nov 19, 2021, at 09:06 pm
Kolkata/IBNS: The Flipkart Group Friday announced its entry into the healthcare sector with the launch of Flipkart Health+.
Linc Pen & Plastics Ltd Q2FY22 financial results
Nov 19, 2021, at 07:07 am
Kolkata/IBNS: Linc Pen & Plastics Ltd. posted a 46 percent year-on-year and 71 percent quarter-on-quarter increase in revenue for the quarter ended September 30. The growth in revenues was 93 percent of pre-Covid levels of Q2 FY 2019-20 despite the closure of schools, colleges and other educational institutions.
Avadh Sugar Energy Ltd Q2 and H1 FY22 financial results
Nov 19, 2021, at 06:12 am
Kolkata/IBNS: Avadh Sugar & Energy Limited (ASEL), a KK Birla group company, posted a net profit of Rs 25.24 crore in Q2FY22 as against Rs 7.21 core of the corresponding quarter last year with a total income at Rs 621 crore.
Magadh Sugar & Energy Ltd Q2FY22 financial result
Nov 19, 2021, at 05:29 am
Kolkata/IBNS: The Board of Directors of Magadh Sugar & Energy Limited (MSEL) (BSE: 540650 /NSE: MAGADSUGAR) at its meeting held on November 10, took on record the audited financial results for the quarter ended September 30.
GENLEAP launches DNA-based self-discovery, upskilling and employability platform
Nov 19, 2021, at 04:43 am
New Delhi/IBNS: The Gurugram-based edtech and human resource technology company GENLEAP launched an upskilling and employability platform Thursday.
'Return to India...message is very clear': PM Modi to fugitive eco offenders
Nov 19, 2021, at 01:48 am
New Delhi/IBNS: Prime Minister Narendra Modi on Thursday said his government is mobilizing all channels including diplomatic to ensure that high-profile economic offenders have no choice but to return to India.
RBI withdraws over 100 needless circulars on RRA's recommendations
Nov 19, 2021, at 12:10 am
Mumbai/IBNS: Reserve Bank of India withdrew over 100 needless circulars affirming the Regulations Review Authority (RRA) recommendations on Tuesday.
Tata Sons working on merger of Air Asia India with Air India Express: Report
Nov 18, 2021, at 11:53 pm
Mumbai/IBNS: Tata Sons has started working on the merger of budget carrier Air Asia India with Air India's low fair wing Air India Express in a bid to achieve synergies and cut operational costs, Economic Times reported.
RBL Bank authorised by RBI to Collect Direct Taxes
Nov 18, 2021, at 09:37 pm
Mumbai/IBNS: RBL Bank has been authorised by the Reserve Bank of India (RBI), based on a recommendation from the Controller General of Accounts, Ministry of Finance and Government of India (GoI), to collect direct taxes on behalf of the Central Board of Direct Taxes (CBDT).
Invesco delays launch of blockchain mutual fund over regulatory uncertainty
Nov 18, 2021, at 09:12 pm
Mumbai/IBNS: Invesco Mutual Fund (MF) has decided to hold the launch of its first-in-India blockchain fund because of regulatory uncertainty.
Paytm shares plunge on weak stock market debut
Nov 18, 2021, at 06:30 pm
Mumbai/IBNS: Digital payment app Paytm made a weak debut in the stock market with its shares nosediving by 26 percent on Thursday, media reports said.
SIDBI joins hands with Google to help MSMEs
Nov 18, 2021, at 05:56 pm
Mumbai/IBNS: Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has entered into a partnership with Google India Pvt. Ltd. (GIPL) for having a pilot social impact lending programme with financial assistance up to Rs. 100 lakh at subsidized interest rates targeted at micro enterprises.
Nov 18, 2021, at 05:05 pm
New Delhi/UNI: The prices of petrol and diesel remained unchanged for two weeks in a row on Thursday.
Black money in primary housing market dropped by 75-80 pc post demonetisation: Anarock
Nov 18, 2021, at 06:48 am
Mumbai/IBNS: There has been a drop of 75-80 percent in cash transactions in primary residential market after demonetisation in late 2016, housing brokerage firm Anarock on Wednesday said.
India continues to lead in fintech investments, says S&P Global
Nov 18, 2021, at 06:21 am
New Delhi/IBNS: India has continued to top fintech investments in the Asia-Pacific region with $1.93 billion raised across 66 deals in the July-September quarter, according to S&P Global Market Intelligence.
Govt may permit crypto as an asset, not as currency: Report
Nov 18, 2021, at 03:46 am
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
LIC's IPO likely by 4th qtr of this financial year, says DIPAM Secretary
Nov 18, 2021, at 12:04 am
Mumbai/IBNS: State-backed Life Insurance Corporation's (LIC) IPO is expected to hit the market by the fourth quarter of the present financial year, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said Wednesday, media reported.
Ola Electric customises Ola S1 Pro for The Netherlands Embassy in India
Nov 17, 2021, at 11:36 pm
Bangalore: Ola Electric, a leading manufacturer of electric two-wheelers, on Wednesday announced that it is building nine (9) customized Ola S1 Pro scooters for the Embassy of The Netherlands on special order.
L&T Technology Services share prices jump after partnership with Mavenir and NVIDIA
Nov 17, 2021, at 11:12 pm
Bengaluru/IBNS: Engineering services company L&T Technology Services Ltd (LTTS) Wednesday announced that it has been selected as an engineering partner by Mavenir and NVIDIA to accelerate the adoption of AI-on-5G.
Mahindra Finance enters new age Vehicle Leasing, Subscription business under ‘Quiklyz’ brand
Nov 17, 2021, at 09:32 pm
Mumbai: Mahindra & Mahindra Financial Services Limited (Mahindra Finance/ MMFSL), part of the diversified Mahindra Group,on Wednesday announced the official launch of its leasing and subscription business ‘Quiklyz’.
Ola strengthens its leadership team, hires top talent across businesses
Nov 17, 2021, at 06:42 pm
New Delhi: Mobility platform Ola has announced key leadership appointments across Ola Financial Services, Ola Cars, and Ola Electric.
IndusInd Bank launches ‘Indus Merchant Solutions’
Nov 17, 2021, at 06:13 pm
New Delhi:: IndusInd Bank on Wednesday announced the launch of ‘Indus Merchant Solutions’ a comprehensive mobile application (app) to enable merchants, retailers and professionals to carry out banking transactions digitally, on a single platform.
PwC to assist Snapdeal with its Environment, Social and Governance (ESG) programs
Nov 17, 2021, at 05:57 pm
New Delhi: E-commerce company Snapdeal announced the appointment of PricewaterhouseCoopers Services LLP (“PwC”) for providing assistance on its Environment, Social and Governance (ESG) programmes.
RBI Governor asks banks to strengthen grievance redressal mechanism
Nov 17, 2021, at 05:51 pm
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.
Sensex opens in red at 60,193.22, tumbles 129.15 points
Nov 17, 2021, at 04:09 pm
Mumbai/UNI: The BSE benchmark index, the Sensex and the NSE Nifty opened in red territory on Wednesday, for the second day in a row.
Cipla's portable, wireless spirometer to ease diagnosis of COPD, asthma
Nov 17, 2021, at 02:37 pm
Mumbai/IBNS: Indian multinational pharma giant Cipla Limited (BSE: 500087; NSE: CIPLA EQ) Wednesday announced the launch of Spirofy, India's first pneumotach based portable, wireless spirometer, on World COPD Day, the company said in a BSE filing.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Nov 17, 2021, at 02:02 pm
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
SEBI issues consultation paper seeking monitoring of tech firms' fund use for acquisitions
Nov 17, 2021, at 01:48 pm
Mumbai/IBNS: Securities and Exchange Board of India (SEBI) has issued a consultation paper focusing on the need to have more monitoring on how new-age tech firms are utilising funds for acquisitions, according to media reports.
Rakesh Jhunjhunwala backed Akasa Air orders 72 Boeing 737 MAX aircrafts
Nov 17, 2021, at 06:17 am
Mumbai/IBNS:Billionaire investor Rakesh Jhunjhunwala backed Indian startup -- Akasa Air -- on Tuesday placed an order for 72 Boeing 737 MAX jets, valued at nearly $9 billion, media reports said.