Business News

The power ministry on Friday announced two changes in the Electricity (Rights of Consumers) Rules – introduced Time-of-Day (ToD) tariff, and rationalization of smart metering provisions.

A slowdown in the online advertising market and the recent tightening of credit conditions have made the situation increasingly challenging for relatively young media companies like Vice.

With this acquisition of the facility at Vadapalani, Kauvery Hospitals will be the 2nd largest hospital chain in Chennai.

Apart from Eros International and its two senior executives, the two promoter entities Eros Worldwide FZ LLC and Eros Digital Private Ltd have also been restrained by the market regulator.

The construction will begin from this year, and it will include 500,000 square feet of planned cleanroom space and will become operational in late 2024.

The government hasn’t yet taken any decision to make changes in the National Pension System (NPS), a top government source told this newspaper.

Zee and an Indian unit of Japan’s Sony Group announced a merger deal in 2021 to create a $10 billion TV enterprise, with Goenka set to become the merged entity’s managing director and CEO.

The Asset Under Management (AUM) of LICMF current stands at Rs 19,700 crore while IDBI Mutual Fund manages assets worth Rs 3,800 crore.

The lack of government initiatives, including testing centers and crop preservation facilities is exacerbating the problem faced by the growers.

Further, it added that 70 per cent of business leaders have reaffirmed their positive reliance on evolving aspects of GST law -- a 10 per cent increase from the preceding year.

Toy Association of India Chairman Manu Gupta said that the 14th Toy Biz International B2B Expo 2023 is the largest fair in South Asia.

The Advance Tax collections for the April-June quarter of 2023-24 stood at Rs 1,16,776 crore as of June 17, reflecting a growth of 13.70 per cent over the same period last fiscal.

BSE Sensex on Friday jumped 467 points to close at 63,385; while the broader NSE Nifty moved 138 points to settle at 18,826.

The Council will also discuss the GoM report on online gaming, casinos and horse racing and will circulate it to the states soon.

The development comes in the wake of commitment made by G7 countries to impose sanctions on Russian rough diamonds and metals.

Exports decline 10.3% to $34.98 billion, falling for fourth straight month; imports dip 6.6%

Demand will continue to stay elevated, and it could even breach the previous high of 223 GW, as per ministry officials

The decision comes after Choksi failed to pay the fine imposed on him in October 2022 by Sebi in a case pertaining to indulging in fraudulent trading in the shares of Gitanjali Gems.

In volume terms, the exports increased to 17,35,286 tonnes in the last fiscal against 13,69,264 tonnes in 2021-22.

In Asian markets, Seoul, Shanghai and Hong Kong ended lower, while Tokyo settled in the green. Equity markets in Europe were trading with gains.