GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday. The official, however, said that there is no data yet of foreign gaming companies registering in India since October 1. The government has amended the GST law, making [...]
Equity benchmark indices fell in early trade on Friday. Because of the weak trends in global markets and soaring crude oil prices. Foreign fund outflows also weighed on investor sentiments. Falling for the third day running, the 30-share BSE Sensex dropped 320.63 points to 65,308.61. The Nifty fell 106 points to 19,518.70. Among the Sensex [...]
The dispatch of coal is likely to exceed one billion tones in the current financial year. The coal ministry said on Thursday. During the current fiscal year, the coal ministry's target is to produce and deliver 1,012 million tonnes (MT) of coal to consumers. "During the second half of the year, the rate of production [...]
An official statement said on Wednesday that four infrastructure projects of roads and railways worth Rs 19,520.77 crore have been recommended for approval under the PM Gati Shakti initiative. This takes the total number of projects assessed by Network Planning Group (NPG) to 115 with a total value of about Rs 11.70 lakh crore, since [...]
On Thursday Equity benchmark indices dropped in early trade, falling for the second day running, following weak trends in global markets and fresh foreign fund outflows. Disappointing earnings from IT services company Wipro also dragged the benchmarks lower. The Sensex dropped 490.44 points to 65,386.58. The Nifty dropped 137.5 points to 19,533.60. Among the Sensex [...]
Due to a sharp jump in global crude oil prices and sluggish global market trends, on Wednesday equity benchmark indices Sensex and Nifty fell nearly 1 per cent. Traders said that Selling pressure in banking, financial services and energy stocks also pulled the benchmarks lower. After a day’s breather, the 30-share BSE Sensex fell 551.07 [...]
According to a report, the cement sales volume is expected to have a healthy 9 to 10 per cent growth in the current fiscal, led by demand from infrastructure and urban housing sectors. In the first half of this fiscal, the industry had a volume growth of around 12 per cent in the April-September period, [...]
A high-level meeting headed by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has recommended that issues related to the entry route of the 900 MW Arun III Hydropower Project, the country's biggest, being constructed by an Indian company should be addressed to ensure its timely completion. SJVN Arun-III Power Development Company (SAPDC), a wholly-owned subsidiary [...]
The government on Wednesday said it has permitted exports of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon and Malaysia. The Directorate General of Foreign Trade (DGFT) said in a notification that the export is permitted through National Cooperative Exports Limited (NCEL). To boost domestic supply, though exports of non-basmati white [...]
On Wednesday equity benchmark indices declined in early trade amid sluggish global market trends and spike in Brent crude oil prices. The 30-share BSE Sensex declined 161.41 points to 66,266.68. The Nifty dropped 36.7 points to 19,774.80. Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, ICICI Bank, HDFC Bank, NTPC and Larsen & [...]
