The income and profits shown by various BBC group entities are not commensurate with the scale of their operations in India, according to an official statement on Friday, a day after the Income Tax authorities ended a three-day-long survey against the British media organisation. The Central Board of Direct Taxes (CBDT) issued a statement without [...]
Kolkata Port, now known as the Syama Prasad Mookerjee Port, on Friday said it has posted a record cargo handling of 54.254 million tonne in the first 10 months of the current fiscal, registering a 14.75 per cent growth over the same period last year. This achievement helped the riverine port rank fifth among Indian [...]
Toyota Kirloskar Motor (TKM) on Friday said it has inked a pact with the Indian Sugar Mills Association (ISMA) to create awareness and promote the use of ethanol as a sustainable biofuel in India. Through the Memorandum of Understanding (MoU) exchange, TKM and ISMA aim to accelerate the adoption of ethanol as an indigenous alternate [...]
India's second largest IT services company Infosys on Friday announced the appointment of Shaji Mathew as Group Head of Human Resources (HR). The appointment is effective March 22, 2023, the company said in statement, adding that Mathew will be taking over from Krish Shankar who retires on March 21, 2023, after serving in this role [...]
The Goods and Services Tax Council should consider raising the GST exemption threshold to Rs 1.5 crore annual turnover and also do away with the requirement of state-wise registration, which would help ease compliance, economic think tank GTRI said on Friday. The GST network has over 1.4 crore registered taxpayers, making it the largest global [...]
Benchmark indices Sensex and Nifty closed down by half a per cent on Friday following losses in IT and banking shares amid overall weak global market trends. The BSE Sensex declined 316.94 points or 0.52 per cent to settle at 61,002.57. During the day, it fell 508.84 points or 0.82 per cent to 60,810.67. The [...]
Neal Mohan, a longtime Indian American YouTube executive, will be the new CEO of the Google-owned video sharing platform. Mohan, a Stanford graduate and a senior advertising and product executive who joined Google in 2008, will join the elite club of global tech chiefs of Indian origin such as Google parent Alphabet's Sundar Pichai, Microsoft’s [...]
The modernisation of sugar mills in the last six years has transformed them into "integrated sugar complexes," Uttar Pradesh Chief Minister Yogi Adityanath said on Friday. Addressing an event on the occasion of 120 years of the sugar industry in the state, he said sugar in the state today is being produced on the same [...]
The country's exports to the UAE, with which India has implemented a free trade agreement on May 1 last year, is expected to cross USD 31 billion during the current fiscal on account of healthy demand for sectors such as gems and jewellery, machinery and auto, an official said on Friday. The government official said [...]
Gensol Engineering Limited, a company engaged in the solar business, saw its shares hit an upper circuit of 5 percent in the early hours of Friday at Rs 978 levels. The scrip gained after it bagged an order worth Rs 501.19 crore. The company has received purchase orders from reputed clients for the development of [...]
360 One Wam, formerly known as IIFL Wealth Management has fixed the record date for two corporate actions. This includes a 1:2 stock split and a 1:1 bonus issue. Its shares were trading at ₹ 1830.00 apiece at 12:20 PM on Friday. 360 One Wam on January 19, 2023, informed the exchanges that its board [...]
Amid layoffs and a severe cost-cutting, Twitter has closed offices in Delhi and Mumbai and asked staff to work from home, according to sources. The micro-blogging platform's Bengaluru office that largely has engineering staff remains operational, the sources said. The Delhi and Mumbai offices shuttered a few weeks ago, with remaining staff now working from [...]
Billionaire philanthropist George Soros believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government - a statement which was strongly countered by BJP as an attack on Indian democracy. Adani group has been under severe pressure since the US short-seller Hindenburg Research on January 24, accused it [...]
The Indian cement stocks remained in focus on Friday’s session as most of the stock gained and traded in the green. The markets remain bullish on the sector as the demand for cement seems to be rising. In addition to that, the government's focus on infrastructure development in rural and urban areas is likely to [...]
With a market capitalization of ₹ 320 crores, Integra Essentia Limited (IEL) is a penny stock. The company’s share price rallied to ₹ 7.21 apiece on the Bombay Stock Exchange (BSE) and got locked at a 5 percent upper circuit on Friday’s early trades. Simultaneously, they were locked at ₹ 73.5 apiece on the National [...]
Greaves Cotton Limited saw its shares gain approximately 2 percent in the early hours of Friday as it was trading at Rs 134.40 levels. The scrip remained in focus after its e-mobility arm Greaves Electric Mobility marked its foray into the high-speed electric two-wheeler segment. The company launched Ampere Primus, their first ever electric two-wheeler [...]
The shares of RPP Infra Projects, a microcap company rallied 13.83% on Friday’s early trades to reach an intraday high of ₹ 46.50 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 44.60, up 9.18% apiece at 11:33 AM. RPP Infra Projects Ltd. (RIPL) is engaged in the construction of roads, [...]
Cryptocurrencies have been on the market for a long time. With the emergence of Bitcoin, there was a real breakthrough in the cryptocurrency market. Not all people believe in the success and growth of Bitcoin. But only those who took a risk and bought cryptocurrency could profit. Today, there is a lot of electronic money [...]
Tata Steel successfully completed the first multi-modal shipment of 960 tonnes of TMT bars from West Bengal's Haldia Port to Tripura's Agartala, the company said on Thursday. The entire transportation from flag-off to receiving material at the distributor's warehouse in Agartala was completed in 17 days, it said. "The possibility of using this route to [...]
Godrej Properties Ltd on Friday said it has acquired legendary film actor, director, and producer Raj Kapoor's Bungalow at Chembur in Mumbai to develop a luxury housing project. The land was purchased from the Kapoor family, legal heirs of Raj Kapoor, the company said in a regulatory filing. The deal value has not been disclosed. [...]
