The government has reduced the windfall profit tax levied on domestically-produced crude oil as well as on the export of diesel and ATF, in line with softening international oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to [...]
Capital markets regulator Sebi has returned the draft IPO papers of Lava International and asked the home-grown mobile maker to file documents again with certain updates. The move might delay the company's initial public offering (IPO). Lava International had filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in [...]
KPI Green Energy Ltd, a company engaged in the business of n providing solar power, both as an Independent Power Producer ('IPP') under the brand name of Solarism' and as a service provider to Captive Power Producer ('CPP') customers has its ex-date for bonus issue on 18th January 2023. The company announced an issue of [...]
Sugar mills have entered into contracts to export 55 lakh tonne of sweetener so far in current marketing year ending September and out of that, 18 lakh tonne have been shipped already, according to industry body ISMA. The government has allowed sugar mills to export 60 lakh tonne of sugar till May in the 2022-23 [...]
Pharmaceutical companies Innova Captab Ltd and Blue Jet Healthcare have received Sebi's go-ahead to raise funds through initial public offering (IPO). The two firms, which filed their preliminary papers with Sebi between June and September 2022, obtained its observation letters during January 9-11, an update with Sebi showed on Tuesday. In Sebi's parlance, its observation [...]
Fourth Dimension Solutions, a company engaged in the business of designing, developing, deploying, and delivering IT infrastructure and services is nearing its ex-split date on 23rd January 2023. Fourth Dimension Solutions made the announcement regarding the split on 3rd December 2022. Since the date of the announcement, the shares of the company have surged 39.52%. [...]
India has been ranked the second-largest tourist market for Singapore in 2022 behind Indonesia, with 686,000 Indian arrivals, according to data provided by the country's tourism authority here on Tuesday. Tourists from Indonesia, India and Australia were among the top spenders in the first nine months of 2022 with a spending of 8.96 billion Singapore [...]
The Reserve Bank of India on Monday tweaked norms related to acquisition and holding of shares in banks to ensure that their ultimate ownership and control remain well diversified and the major shareholders are 'fit and proper' on a continuing basis. The central bank has issued 'Master Direction – Reserve Bank of India (Acquisition and [...]
A traders' body has demanded a credit card scheme on the lines of Kisan credit card in the coming Union Budget. "Trader credit card and Vyapaari Bhavishya Nidhi scheme (on the lines of Employees' Provident Fund scheme) needs introduction in the forthcoming budget for giving momentum to Atma Nirbhar Bharat," Ravi Kant Garg, National President, [...]
Hit hard by the zero-Covid policy and slump in the real estate market, China’s economy shrank to three per cent in 2022, registering its second lowest growth rate in 50 years in the world’s second-largest economy, according to official data released here on Tuesday. The annual GDP of China totalled 21.02 trillion yuan (USD 17.94 [...]
