Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI’s comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon. Photograph: Anushree Fadnavis/Reuters The Consumer Price Index-based inflation
US-based hedge fund Jane Street, which allegedly made handsome gains through market manipulation, has deposited the mandated Rs 4,843.57 crore in an escrow account in favour of Sebi and requested it to lift certain restrictions. Photograph: Francis Mascarenhas/Reuters The watchdog
A day after news emerged that Foxconn Technology Group was “forced” by Beijing to send back its Chinese engineers and technicians from its Tamil Nadu plant, sources indicate that the global electronics giant has already drawn up an alternative plan
‘My understanding is that the rules are weighted in favour of big cars, even though smaller cars emit fewer emissions per passenger, use less material, and consume less fuel,’ Bhargava said in an interview with Business Standard. Kindly note the image
Stocks of brokerages and market infrastructure institutions (MIIs) witnessed selling pressure after the Securities and Exchange Board of India’s (Sebi’s) crackdown on proprietary trading firm Jane Street. Photograph: Shailesh Andrade/Reuters The weakness was attributed to concerns that debarment of the
In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, the likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts said on Sunday. Illustration: Dominic Xavier/Rediff Moreover, global market trends and
Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department’s e-filing portal, fill in their details offline. Source link
Mumbai-based pharma major Wockhardt, which is gearing up to launch its promising antibiotic candidate Zaynich soon, on Friday announced a shift in its United States (US) operations. IMAGE: Habil Khorakiwala, founder-chairman of Wockhardt, poses for a picture at the company’s
The Delhi high court on Friday stayed a Rs 1,140 crore angel tax demand raised by the Income Tax department from hospitality and hotel aggregator Oyo’s parent company Oravel Stays Private Limited for the assessment year 2020-21. Photograph: Anushree Fadnavis/Reuters
India’s net direct tax collections contracted 1.3 per cent to about Rs 5.63 trillion as of July 10, with corporate taxes dropping 3.7 per cent and non-corporate taxes recording a fractional 0.04 per cent contraction, Income Tax department data released
