Mumbai, Mar 20 (PTI) Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.Of the total capital expenditure (Capex), the company is expected to spend Rs 100-125 crore on ships and containers, the executive added.The company [...]
New Delhi, Mar 20 (PTI) The Income Tax department has detected "undisclosed" income of more than Rs 224 crore after it recently raided Maharashtra-based unicorn start-up Infra.Market, officials said on Sunday. The searches were launched on March 9 at the firm's 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh. The CBDT [...]
The AI-multibagger stock has given 350% in the past year. In March 2021, shares of ASM Technologies were trading at Rs 141.55. In the last trading session, the stock closed at 636.65 levels. On the breakout of the Russia-Ukraine war, the stock tumbled and fell to 570 levels. Since then, the stock regained its momentum [...]
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the [...]
Stock markets will be guided by global factors such as the Russia-Ukraine war, the COVID-19 situation in China and crude oil prices in absence of major domestic events this week, analysts said. Stock markets are expected to keep their winning momentum this week as FIIs may come back aggressively fuelling a further rally in the market, they added. [...]
Kochi, Mar 20 (PTI) Catering to aspirations of the new crop of employees and employers, especially in the post-pandemic phase, leading co-working space provider SpazeOne has launched its first centre in Kerala at a mall here. The co-working centre that has come up in a 5,000 sq ft space at Abad Nucleus Mall in Maradu [...]
New Delhi, Mar 20 (PTI) Maize exports increased by over 28.5 per cent to USD 816.31 million during April-January this fiscal, against USD 634.85 million in the same period last financial year, the commerce ministry said on Sunday.Neighbouring countries like Bangladesh and Nepal are the major importers of maize from India, it added.Bangladesh has imported [...]
New Delhi, Mar 20 (PTI) The government has extended the timeline up to ten years for startups to convert debt investments made in the company into equity shares, a decision which is likely to give a relief to budding entrepreneurs to deal with the impact of Covid-19 pandemic, according to a press note of the [...]
New Delhi, Mar 20 (PTI) Nearly one-third of total office spaces in six major cities have been certified as green buildings, as real estate developers are focusing more on sustainability aspects in their projects, according to CBRE.In its report 'Indian Real Estate's ESG (environmental, social and governance) Landscape and its Progress to a Sustainable Future', [...]
Led by Maharashtra, the cumulative revenue collection from stamp duty and registration fee of all the states jumped to Rs 1,00,100 crore for the first eight months of the current fiscal year, which for the entire FY21 was Rs 1,27,700 crore, according to a report. An analysis of state-wise data by Motilal Oswal Financial Services [...]
Abu Dhabi, Mar 20 (PTI) International experience is one of the best ways to develop an understanding of diverse cultures, said Hans Fraikin, Film & TV Commissioner, Abu Dhabi Film Commission (ADFC), urging Indian filmmakers to make more films in the city.Abu Dhabi has already served as a location hub for several Indian films such [...]
New Delhi, Mar 20 (PTI) Bharat Sanchar Nigam expects over Rs 17,000 crore revenue from services in FY22, a tad lower than the previous fiscal, mainly due to the removal of call connect charges that used to bring in additional inflows, according to its Chairman and Managing Director PK Purwar.Purwar asserted that the state-owned telecom [...]
New Delhi, Mar 20 (PTI) The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. Petrol pump sales have jumped by a fifth this month [...]
New Delhi, Mar 20 (PTI) The Income Tax department is working to improve the "abysmally poor" tax literacy in the country so that the number of tax paying people and entities can be increased leading to enhanced collections, CBDT Chairman J B Mohapatra has said.He said the direct tax establishment -- the government authority that [...]
Abu Dhabi, Mar 20 (PTI) Almost a month before the Abu Dhabi schedule of the upcoming Bollywood film "Vikram Vedha", the team of the movie travelled to the city here to put together a set that resembles the streets of Lucknow, the capital of India's most popular state Uttar Pradesh where the film is based.The [...]
Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles (BEV) and BEV batteries in Gujarat. The company has signed a Memorandum of Understanding (MoU) to this effect with the Gujarat government. It was signed "on March [...]
The Income Tax department has detected undisclosed income of about Rs 224 crore after it recently raided a unicorn start-up group based in Pune and Thane in Maharashtra, the CBDT said on Sunday. The searches were carried out on March 9 at 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh. The [...]
New Delhi, Mar 20 (PTI) Former finance minister Yashwant Sinha on Sunday said that huge expenditure on welfare schemes by the Modi government has severely impacted the public finances which are currently in a mess with fiscal deficit touching abnormally high levels. Sinha in an interview with PTI said the shocking thing is nobody seems [...]
Abu Dhabi, Mar 20 (PTI) International experience is one of the best ways to develop an understanding of diverse cultures, said Hans Fraikin, Film & TV Commissioner, Abu Dhabi Film Commission (ADFC), urging Indian filmmakers to make more films in the city.Abu Dhabi has already served as a location hub for several Indian films such [...]
New Delhi, Mar 20 (PTI) Direct selling nutrition firm Herbalife Nutrition expects India to become its top market globally going forward, superseding the United States, according to the company's global CEO John O Agwunobi. With the company clocking double-digit volume growth in the last five years in India, where it is primarily present in tier [...]
