New Delhi, Feb 1 (PTI) The government will infuse Rs 44,720 crore into loss-making state-owned telecom firm BSNL in the next financial year, according to Budget documents. "The provision is made for capital infusion for 4G spectrum, technology up-gradation and restructuring in BSNL," the explanatory note in the document said. Besides the capital infusion, the [...]
The government on Tuesday announced revoking of anti-dumping duties on certain steel products imported from countries including China, a move aimed at containing high prices of metals and promoting domestic manufacturing. Countervailing duty (CVD) is also being permanently removed on imports of certain hot-rolled and cold-rolled stainless steel flat products from China. "Certain anti-dumping and [...]
Giving clarity on taxation of cryptocurrencies and other virtual assets, Finance Minister Nirmala Sitharaman on Tuesday proposed a 30 per cent tax on income from transactions in such assets. Also, to bring such assets under the tax net, she proposed a 1 per cent TDS (tax deducted at source) on transactions in such asset classes [...]
The government will conduct a spectrum auction this year, which will facilitate the roll-out of 5G services by private telecom operators during the financial year 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. "Spectrum auctions will be conducted in 2022 to facilitate the roll-out of 5G mobile services within 2022-23 by private telecom providers," Sitharaman [...]
New Delhi, Feb 1 (PTI) Bajaj Auto Ltd on Tuesday reported a 15 per cent decline in total sales to 3,63,443 units in January 2022. The company had sold 4,25,199 units in the same month last year, Bajaj Auto said in a regulatory filing. Total domestic sales stood at 1,49,656 units last month as against [...]
New Delhi, Feb 1 (PTI) Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 2021. The stock fell 3.66 per cent to Rs 498.55 on the BSE. On the NSE, it dropped 3.68 per cent [...]
Finance Minister Nirmala Sitharaman will be presenting her fourth Budget that will aim at maintaining the world's fastest-growing economy tag for India. Here are the key numbers to watch out for in the Budget for 2022-23, which is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and [...]
Mumbai, Jan 31 (PTI) Edelweiss Financial Services on Monday reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter. The company said the numbers are excluding those of the insurance [...]
The worst of the ongoing semiconductor shortage crisis that has hurt Jaguar Land Rover and Tata Motors is over and normalcy is expected in the coming quarters as additional chip capacity becomes available and more long-term planning with suppliers takes place, Tata Motors Group CFO PB Balaji said on Monday. Tata Motors also sees the [...]
Adani Wilmar's initial public offering (IPO) saw more than 17 times demand than shares on offer as institutional and retail investors alike queued up to lap up shares, reposing their faith in the issue despite turbulent market. The issue garnered bids for 212.87 crore shares against an issue size of 12.25 crore shares on the [...]
