Anil Ambani's assertion was kept for another situation enrolled under different areas of FEMA. The examination revolves around the associated ownership with undisclosed resources abroad and the development of connected assets by the industrialist and his wife.
Stock markets: Rallying for the fifth straight session, the 30-share BSE Sensex jumped 381.55 points to hit its all-time peak of 65,586.60 in early trade. The NSE Nifty climbed 90.95 points to reach its fresh record high of 19,413.50.
The share exchange ratio for the consolidation has been set at 155 value portions of IDFC First Bank for each 100 value portions of IDFC Restricted.
The IPO has witnessed a significant jump in its Grey Market Premium (GMP), which currently stands at Rs 25 per share, indicating a positive market sentiment towards the issue.
The survey said that regardless of the downfall, the headline figure highlighted a significant improvement in working circumstances. The survey revealed that sales, production, stock building, and employment were all positively impacted by the strength of demand.
Sensex opened up at 353.34 points and currently trading at 65,071.90, an all-time high.
The company produced 479,700 vehicles from April through June, about 13,000 more than it sold, indicating that inventories may be building.
The upgraded version of the YONO app will empower customers of other banks to embark on the YONO journey, thereby encouraging them to become a part of the ever-growing SBI family.
The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms.
Addverb, which is owned by Reliance Retail, expects to surpass Rs 8,000 crore in revenue in five years, with scaling up of manufacturing operations and diversifying target market base.
The category for non-institutional investors received 2.97 times subscription, while the portion for Qualified Institutional Buyers (QIBs) was subscribed 1.74 times and Retail Individual Investors' (RIIs) 96 per cent.
Johri further said that the tax authorities are also discussing some more tightening in the GST return filing system to limit the scope of claiming Input Tax Credit (ITC), when taxes have not been paid by suppliers in the supply chain.
Nirmala Sitharaman on GST: Finance Minister added that many common-use items and services have been exempted from GST for the benefit of the people.
Through small ticket financing under MUDRA, the bank will be financing Amul's retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours, a statement said.
Public sector banks (PSBs) net profit nearly tripled from Rs 36,270 crore in FY2014 to Rs 1.04 lakh crore in FY23.
HDFC Bank began the day one after the merger with a rebranding exercise, wherein it is putting up its colours at all the over 500 branches and offices of HDFC Ltd.
He has taken over charge from Sanjiv Chadha, whose tenure ended on June 30, 2023, BoB said in a statement.
The multiplicity of taxes in the pre-GST regime resulted in a "tax-on-tax" effect, causing the same product to be taxed multiple times and hence becoming costlier for the consumers, Finance Minister Nirmala Sitharaman said at the GST Day 2023.
Amid the fresh buying streak in the pharma space and overall markets hitting record highs, Sigachi Industries has approved to issue 1.1 crore convertible warrants.
The revenues for the month of June 2023 are 12 per cent higher than the GST revenues in the same month last year.
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