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CoinDCX earmarks USD 1 million fund to aid investors in asset transfers
CoinDCX has 1.4 crore investors and traders in India. According to various exchanges, investors are now transferring their assets from non-FIU complaint offshore exchanges to Indian exchanges.
India’s Largest NBFC company PFC to set up a finance subsidiary in IFSC, GIFT City, Gujarat.
GIFT City (Gujarat): Power Finance Corporation Ltd., (PFC), India's largest Non-Banking Financial Company (NBFC) and a Maharatna Central Public Sector Enterprise (CPSE), announced its plans to establish a wholly-owned subsidiary, a Finance…
Markets trade lower after early optimism on weak trends from Asian equities
Both the indices failed to carry forward the positive momentum and were trading lower later. The Sensex quoted 177.54 points lower at 71,821.10 while the Nifty fell 53.25 points to trade at 21,653.85.
29,273 bogus firms involved in R44,015 crore tax evasion
According to the finance ministry, this initiation has saved R4,646 crore, of which R3,802 crore is by blocking ITC and R844 crore is by way of recovery.
REC Limited organizes a conference on financing for Roads & Highways
The company's loan book stood at Rs 4.54 Lakh Crore, at the end of Q1 FY'24.
GST officers detect over 29,000 bogus firms involved in fake ITC caims of Rs 44,000 crores
Maharashtra topped the list with 926 bogus firms detected, followed by Rajasthan (507), Delhi (483) and Haryana (424).
Government auctions 91 coal mines so far; expects to create 3L jobs
The ministry has successfully completed seven rounds of auctions through a completely transparent online process, launched by the prime minister in 2020.
Budget 2024: Real estate sector bats for tax sops
“The proposal to increase the qualifying cost for affordable properties and release government-owned lands at reduced rates aligns with inclusive growth objectives.
Lower nominal GDP makes fiscal deficit target steeper
This means that the size of the Indian GDP (in current prices) would likely be R297 lakh crore at the end of the current financial year instead of the budgeted estimate of R302 lakh crore.
Slow consumption spoils GDP party
Household consumption in FY24 is likely to grow at the slowest pace in last two decade
Global food prices drop 13.7% in 2023: FAO
The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.
Indian economy to grow 7.3 per cent in 2023-24: Govt
GDP at current prices in the year 2023-24 is estimated at Rs 296.58 lakh crore against the provisional estimate of GDP of Rs 272.41 lakh crore for the year 2022-23, released on May 31, 2023, it stated
Nifty realty index surges another seven per cent on improving business prospects
The index jumped over 7% intraday to hit its fresh 52-week high of 844.40 and finally closed 6.76% higher at 841.30 with all 10 components closing in the green.
No expansion of PLI scheme to new sectors: DPIIT secretary
Officials of the Department for Promotion of Industry and Internal Trade say that the government will ensure existing schemes get implemented well, thereafter the Centre will consider expansion.
Markets climb in early trade on buying in IT stocks, fresh foreign fund inflows
On Thursday, the BSE benchmark jumped 490.97 points or 0.69 per cent to settle at 71,847.57 and the Nifty climbed 141.25 points or 0.66 per cent to 21,658.60.
GAIL signs 10-year LNG purchase deal with Vital
GAIL commands approximately 70% market share in gas transmission and holds a gas trading share of over 50% in India.
Canada’s Brookfield Asset Management to acquire American Tower’s Indian business for USD…
The telecom tower operator ATC has a portfolio of approximately 78,000 sites across India. This marks Brookfield's third acquisition in the Indian telecommunications space.
BIS (North) Showcases Pioneering Achievements and Plans in a Riveting Annual Press meet
BIS also trains and exhorts industries to adhere to international quality guidelines, enabling them to meet GATT regulations on Global trade
Markets rebound in early trade after two days of fall
The 30-share BSE Sensex jumped 351.88 points to 71,708.48 in early trade. The Nifty climbed 99 points to 21,616.35.
India deserves ‘double engine’ growth where more women participate in economic…
Birla said empowering women is an important lever in his re-imagination of India of the future, and added that we need to depart from conventional stereotypes to make it happen.
