Business News

In the first week of February, Dell said it will lay off 5% of its workforce, about 6,650 employees globally.

OMCs are procuring ethanol to mix it with petrol as the government mandated the use of 20% ethanol blending in petrol in next two years.

In March 2023, Crypto entities were included as reporting entities under PMLA, and exchanges lauded it saying it the first step towards bringing formal regulations to the industry.

Some analysts believe equities will give double-digit returns over the next two-three years

Preferential lines refer to preferential access given via duty cuts as part of trade agreements between nations.

'पारदर्शिता और जवाबदेही सरकार के आदर्श हैं, जिन्होंने भारत को कभी पांच कमजोर अर्थव्यवस्थाओं में शुमार रहे देश से विश्व की पांचवीं सबसे बड़ी अर्थव्यवस्था बनाया'

Fitch Ratings predicts a profitability surge in FY25, projecting a 290 basis points improvement compared to FY23 levels.

Sanjoy Paul, program director, technology at Hero Vired, said, “In 2023, the global start-up ecosystem faced unprecedented challenges as funding reached an all-time low.

The National Capital Region (NCR) registered the slowest growth (at 3%) among major cities as it recorded sales of 65,625 units in 2023.

An e-commerce operator, as per the Section 194-O of the Income Tax Act, 1961 should deduct income tax at the rate of 1 percent of the gross amount of sale of goods or provision of service.

The estimated lesser production of kharif pulses and shrinking of current rabi pulses sowing acreage has led the government to control domestic prices.

“Foxconn Singapore has acquired about 46,08,76,736 shares at Rs 10 each, amounting to nearly $55.29 million (Rs 460.87 crore),” said the company.

Saudi Aramco was blacklisted due to its ties to the Saudi state and for "contravening expectations over climate and energy transition plans", the fund said.

The 30-share BSE Sensex jumped 322.08 points to reach its new lifetime peak of 72,360.51 in early trade. The Nifty climbed 90.85 points to reach its all-time high of 21,745.60.

The notice dated December 27, 2023, pertains to several issues raised in a final audit report on December 25, for the 2018-19 financial year, according to the filing.

One notable achievement was the increased frequency of meetings held by the GST Council, which convened four times in 2023 as against just two meetings held in the preceding year.

The MoU signing ceremony was held as part of the Vibrant Gujarat Global Summit 2024 which will be organised from January 10-12 next year.

“One of the areas we are now cracking down on is advertising fraudulent loan apps that many platforms are carrying.

Shipping cos resuming ops via Red Sea, Fed rate cut hope boost mkt

Among the Sensex firms, NTPC, Tata Steel, Power Grid, Mahindra & Mahindra, Larsen & Toubro and State Bank of India were the major gainers.