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Housing sales at new high in CY23 despite rise in prices, interest rates
The National Capital Region (NCR) registered the slowest growth (at 3%) among major cities as it recorded sales of 65,625 units in 2023.
CBDT guidelines on 1% tax by ecomm players
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.
With pulse production down, govt extends import duty waiver till ’25
The estimated lesser production of kharif pulses and shrinking of current rabi pulses sowing acreage has led the government to control domestic prices.
Foxconn to invest $55M in India via its Singapore subsidiary
“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.
Sensex, Nifty hit fresh all-time high levels in early trade
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.
Norway fund drops Saudi Aramco, 11 other Gulf firms
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.
Bata India gets Rs 60 cr sales tax notice
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.
Collections, controversies hit new high for GST in ’23
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.
Companies sign MoUs to invest Rs 24,707 crore in Gujarat government projects
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.
Platforms asked not to host ads of fake loan apps
“One of the areas we are now cracking down on is advertising fraudulent loan apps that many platforms are carrying.
Sensex hits 72,000 level for 1st time on global cues
Shipping cos resuming ops via Red Sea, Fed rate cut hope boost mkt
Rupee rises 3 paise to 83.13 against US dollar in early trade
In the domestic equity market, the 30-share BSE Sensex was trading 40.52 points or 0.06 per cent higher at 71,147.48.
CAD falls to 1% of GDP in Q2FY24
This improvement was primarily attributed to a reduction in the merchandise trade deficit and a growth in services exports.
Markets turn flat in highly volatile trade
Among the Sensex firms, NTPC, Tata Steel, Power Grid, Mahindra & Mahindra, Larsen & Toubro and State Bank of India were the major gainers.
PFC Bags SAFA Gold Award for Best Presented Accounts / Annual Report
Ghaziabad (Delhi): The Power Finance Corporation Ltd. (PFC), a Maharatna CPSE and country’s leading NBFC in power sector has won the prestigious South Asian Federation of Accountants (SAFA) Gold Award in Best Presented Accounts / Annual…
No end to old vs new pension debate in 2023
Amidst the ongoing discussions, the Finance Ministry will likely announce plans to introduce changes to the NPS for government employees before the year concludes.
Motisons IPO shines; Muthoot, Suraj issues flop
The strong listing was on the expected line given that the Rs 151-crore IPO was subscribed by a whopping 159.61 times last week.
TNCPL to build ferrosilicon plant, files DRHP with NSE
The offering comprises a fresh issuance of 64.14 lakh shares with a face value of Rs 10.
JSW Renew starts commissioning 810 MW wind project in Tamil Nadu
The 810 MW project, the first greenfield wind project, bagged by the company, was awarded by the Solar Energy Corporation of India (SECI), in tranche IX.
China to give assistance to arrested Vivo execs
ED has arrested three top executives of Vivo India in connection with the probe into alleged money laundering by the Chinese smartphone maker.
