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FADA seeks 10 per cent tax cut on two-wheelers
The two-wheeler industry is at a critical juncture, grappling with unprecedented challenges such as rising inflation, stringent emission norms and the post Covid-19 effects in Bharat of India.
Affordable insulin maker GeneSys to invest USD 50-60 mn to set up new plant in Hyderabad
GeneSys has partnered with Civica Rx, a US non-profit generic drug company, to manufacture and distribute affordable insulin.
No default on repayment of loans taken from US lenders: BYJU’s
"The transfers were in full compliance of and did not contravene any terms of the parties' Credit Agreement and the agreed-upon rights and responsibilities," BYJU's said.
No TCS on overseas payment through international credit, debit cards: Finance Ministry
The recent decision to bring international credit card spending under the RBI's liberalised remittance scheme and the consequent levy of 20 per cent TCS has evoked sharp reactions.
Zomato Q4 net loss narrows to Rs 187.6 crore
In FY23, consolidated revenue from operations stood at Rs 7,079.4 crore compared to Rs 4,192.4 crore in FY22, the company said in a filing.
REC registers highest ever annual profit of ₹11,055 Crore and Qr4 profit at 3,001 Crores
Gurugram: The Board of Directors of REC Limited, announced the audited standalone and consolidated financial results for the quarter and year ended 31st March 2023 on Thursday. The financial results were announced by the company CMD Mr.…
Amazon Web Services to invest Rs 1,05,600 crore into cloud infrastructure in India
This investment is estimated to contribute Rs 1,94,700 crore ( USD 23.3 billion) to India’s total gross domestic product (GDP) by 2030, AWS said.
Pfizer suspends sale of 4 life-saving drugs, cites manufacturing issues
The Indian unit of US drug maker Pfizer Inc has suspended sale and use of its life-saving antibiotic in India following technical issues in their manufacturing process.
Walmart lifts forecast as it wins US grocery consumers due to inflation
In the Walmart US division, which accounts for more than two-thirds of sales, the company scored a lofty 7.4 percent gain in comparable store sales.
Swiggy’s food delivery business has turned profitable: CEO
Majety's blogpost comes two days after US-based asset management firm Baron Capital Group reduced its valuation of Swiggy by 34 per cent to USD 7.1 billion as of December 2022.
Markets fall for second day running; IT counters drag
The 30-share BSE Sensex fell 100.87 points to 61,831.60 after a flat start to the trade. The NSE Nifty dipped 29.1 points to 18,257.40.
Nights booked for international travel by Indian guests more than doubled in Q1 2023: Airbnb
The platform shared that overall nights booked in India have grown by 70 per cent when comparing full-year 2022 with pre-pandemic 2019 as solo and family travel top the preference of Indian guests.
In bid to expedite mergers, Centre announces 60-day time limit for approval
As per the Ministry of Corporate Affairs' annual report of 2022-23, nearly 350 out of 538 fast-track merger schemes have been disposed of between November 2021 and October 2022
Tax experts ask small businesses to prepare well in advance for e-invoicing compliance
The e-invoice system is for GST-registered taxpayers who have to upload all B2B and export invoices to the Invoice Registration Portal (IRP).
Swedish inflation slows on lower food prices
"Food prices fell for the first time since November 2021, which contributed to an easing of the inflation rate in April," Caroline Neander, statistician at Statistics Sweden, said in a statement.
Kalyan Jewellers Q4 net profit dips 3.11 per cent to Rs 697.99 crore
Kalyan Jewellers also showed Rs 33.35 crore as exceptional item against sale of two aircraft owned by the company as part of the management's overall strategy to dispose of non-core assets.
As global rice supply dips, prospects for Indian basmati zoom
However, it raised the hope of Indian paddy growers to get better prices as the country is a significant player in the rice export market.
Utilising Coal Bed Methane can cut India’s energy import bill by USD 2 billion: Experts
India has an estimated Coal Bed Methane Reserve of 2600 billion cubic metres, they say.
As inflation cools off, RBI governor says ‘monetary policy on right track’
Shaktikanta Das said the RBI is optimistic and fairly confident over India's 6.5 per cent real GDP growth rate though other analysts have differing views.
Retail inflation hits 18-month low at 4.7 per cent in April as food prices fall
RBI Governor Shaktikanta Das said the inflation number at 4.7% in April is quite satisfying and the latest data gives confidence that the monetary policy is on the right track.
