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Sebi targets one-hour trade settlements by end of this fiscal
Technology already exists to launch up to one-hour settlement; we just have to make it happen, said Sebi Chairperson Madhabi Puri Buch
Bike taxi company Rapido to induct more women drivers, expand women-only choice
Rapido is planning to enrol more than 500 women captains in Chennai city alone.
Refunds issued for 2.45 crore income tax returns
The department said that the average processing time of ITRs (after verification) has been reduced to 10 days for Returns filed for AY 2023-24 compared to 16 days for AY 2022-23.
83 per cent of Indian firms faced cybersecurity incident in past year: Report
According to the security, performance, and reliability company Cloudflare, the majority of the incidents were attributed to web attacks, phishing, and supply chain attacks.
Laptop import from trusted sources only: Rajeev Chandrasekhar
Most laptop makers are from the US, Japan, South Korea and Taiwan, which are trusted trade partners of India but their manufacturing base is in China.
Centre, Meta sign three-year partnership to skill 5 lakh budding, existing entrepreneurs
The partnership will facilitate the training of five lakh budding and existing entrepreneurs in digital marketing skills through Meta platforms like Facebook, WhatsApp and Instagram in seven languages
India’s imports of Russian oil fall to seven-month low in August
Indian refiners also cut imports from Iraq, another top supplier, to 866,000 barrels per day from 891,000 bpd.
Chinese checkers of realty, slowdown & technology
Millions who had invested in property-linked wealth funds, now face the prospect of losing all their investments.
PFC inks MoA with MSEDCL for counterpart loan funding of Rs. 5,260 Cr for RDSS
New Delhi/Mumbai: Power sector Maharatna enterprise, Power Finance Corporation Ltd has signed a Memorandum of Agreement (MoA) with Maharashtra State Electricity Distribution Company Ltd (MSEDCL), one of the largest power distribution…
Analysts temper optimism on strong Q1 GDP numbers
While India’s GDP growth for the Apr-Jun quarter came in above expectations, several factors are keeping the outlook cautious for the world’s fifth largest economy.
Vi introduces new plan ‘Choice’; postpaid users can customise what they want
Meanwhile, shares of Vi surged 14.92% to hit a one-year high price of Rs 10.40 on Friday.
In unexpected move, Canada pauses negotiations on free trade agreement with India
The development assumes significance as Canadian Prime Minister Justin Trudeau will be here next week to attend the G20 Summit on September 9-10.
Moody’s raises India’s growth forecast to 6.7 per cent for 2023
Moody's said strong services expansion and capital expenditures have propelled India's 7.8 per cent real GDP growth in the second (April-June) quarter from a year ago.
Demand for Mumbai real estate intact, 10752 properties registered in August
Even for Maharashtra, registrations showed a year-on-year increase of 17% in August. Nearly 1.31 lakh homes were registered in the state, making it the best August month in the past eight years.
Govt to make import licenses more accessible ahead of ban on import of PCs, laptops
As the government has decided to impose import curbs on these electronic devices, importers would have to seek a license from the Directorate General of Foreign Trade (DGFT) from November 1.
Govt exempts LPG imports from agriculture cess
The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess effective September 1
Fidelity marks up Meesho and Pine Labs valuation
Fidelity Investments has raised Meesho’s valuation by nearly 14%. Previously, it had slashed the fair value of Meesho by 9.% in April and reduced its valuation to $4.4 billion.
Crude oil imports from Russia fell 20% in August
In August 2023, import from Russia was the lowest in the past seven months as crude imports from the country fell by 440kbd to 1.63 mbd.
PhonePe launches stock broking platform Share (dot) Market
It will provide a spectrum of investment products allowing investors across different demographics to build a balanced portfolio.
Government proposes changes in pharma PLI allocation
The proposed amendment aims to introduce a revised incentive allocation clause, which will ensure sustainable production throughout the scheme’s tenure.
