The 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and surcharges will be levied on such transactions in the same manner as it treats winnings from horse races or other speculative transactions.
The government has set a deadline of March 31, 2022, for linking PAN card to Aadhaar.
In the run-up to the mega IPO, on February 13, the government had filed the draft red herring prospectus (DRHP) with the regulator giving details of financial results till September. The DRHP got Sebi approval early this month.
A350XWB aircraft can travel above 8,000 nautical miles, with a flying time of approximately 18 hours in one flight.
Ola will also have exclusive rights to manufacture batteries integrating StoreDot’s fast charging technology in India, the company said. The company, however, did not disclose financial details.
Petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel rather than the usual practice of ordering directly from oil companies, widening the losses of retailers.
The group has a pan-India presence having an annual turnover exceeding Rs 6,000 crore. A total of 23 premises were covered in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh, in the search operation.
In the past several weeks, the prices of crude oil in the international market had reached up to $140 per barrel, most recently last week. Though it fell down to $110 again but it's still way more than $80 per barrel earlier, causing losses to public sector companies as the government is not allowing petrol, diesel prices to rise for over 120 days now, says Dr. Sudhir Bisht, International crude oil expert.
The 30-share BSE index closed 1,047.28 points or 1.84 per cent higher at 57,863.93. Likewise, the NSE Nifty surged 311.70 points or 1.84 per cent to end at 17,287.05.
In its Global Macro Outlook 2022-23 (March 2022 Update) titled: Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds, the rating agency said that India's growth is likely to be 5.4 per cent in 2023.
Established in 1875, BSE, formerly known as Bombay Stock Exchange, is Asia's first stock exchange. In 2017, it became the 1st listed stock exchange of India.
Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of USD 103 billion, a 24 per cent rise year-on-year.
The 30-share BSE index closed at 1,039.80 points or 1.86 percent higher at 56,816.65. Likewise, the NSE Nifty jumped 312.35 points or 1.87 percent to end at 16,975.35.
The increase - sixth straight this year - led to prices soaring past the Rs 1-lakh-per-kilolitre mark for the first time ever.
Zomato said in a regulatory filing that its board has delegated the authority to its senior management to decide the key terms of the loan and execute the definitive documents at a future date.
Senior advocate Harish Salve, representing Future Retail, submitted before a bench headed by Chief Justice N.V. Ramana that nothing has been transferred and the rent for the shops have not been paid for over two years.
Sitharaman said GST Council is a body in which every finance minister from every state sits and decides on how the disbursements happen.
Globally, Russia's arms exports fell by 26 per cent between 2012–16 and 2017–21, and its share of global arms exports decreased from 24 per cent to 19 per cent. Russia delivered major arms to 45 states in 2017–21
N Chandrasekaran reappointment as the chairman of Tata Sons - the holding company of the salt-to-software Tata Group - for a second five-year term in February this year. His appointed as Air India chairman came following a board meeting on Monday.
Imports during the month too jumped 36 percent to USD 55.45 billion, with inbound shipments of petroleum and crude oil surging 69 percent to USD 15. 28 billion.
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