Taxbuddy.com, an online tax advisory company started by a former Indian Revenue Service officer Sujit Bangar, on Wednesday said it has raised USD 2.10 million (about Rs 16 crore) in funding led by UAE-based fund Zenith Global. The company, launched in 2019 to offer subscription-based plans of tax advisory using automation technologies, will use the [...]
Sri Lanka's Prime Minister Ranil Wickremesinghe was appointed Finance Minister of the debt-ridden country on Wednesday by President Gotabaya Rajapaksa, an official statement said. Wickremesinghe, 73 was sworn in as the Minister of Finance, Economic Stability and National Policies. The five-time prime minister was re-appointed to the job on May 12 following the political circus [...]
The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation’s economy sets up an adequate macroeconomic policy framework, the global lender has said. The statement by the World Bank came on Tuesday following reports that the Washington-based institution was planning to support Sri Lanka to [...]
Domestic no-frills carrier SpiceJet said on Wednesday said it has signed and concluded the settlement and consent terms with Credit Suisse in a pending dispute with the latter. The settlement and consent terms, executed on May 23, have also been filed before the Supreme Court for final orders, the airline said in a statement. The [...]
A group of ministers (GoM) in the Madhya Pradesh government deliberating on excise matters has given the consent to reduce the import duty on beer and wine in the state, MP Home Minister Narottam Mishra said. The decision was taken in a meeting of the ministerial group headed by Mishra on Tuesday. "Various issues related [...]
Global pharma and chemicals major Bayer CropScience on Tuesday reported a more than twofold jump in profit to Rs 152.7 crore for the quarter ended on March 31, 2022, compared to the same period of the previous financial year. The company's profit stood at Rs 61.9 crore during the corresponding period of 2020-21, Bayer CropScience [...]
The government on Tuesday imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. "Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards," the Directorate General of Foreign Trade (DGFT) said [...]
JM Financial on Tuesday reported a marginal decline in its consolidated net profit at Rs 229 crore for the quarter ended March 2022. It had posted a net profit of Rs 233 crore in the same period a year ago and Rs 261 crore in the preceding quarter ended December 2021. Total income during January-March [...]
Clariant Chemicals (India) on Tuesday reported a 47.67 per cent growth in profit to Rs 16.20 crore for the January-March quarter of 2021-22 compared to the same period of the previous financial year. The company's profit stood at Rs 10.97 crore during the corresponding quarter of 2020-21, Clariant Chemicals (India) said in a BSE filing. [...]
The initial public offer of digital signature certificate provider eMudhra was subscribed 2.72 times on the last day of subscription on Tuesday. The Rs 412.79 crore-IPO got bids for 3,09,02,516 shares against 1,13,64,784 shares on offer, according to NSE data. The portion meant for Qualified Institutional Buyers (QIBs) received 4.05 times subscription, while the category [...]
