EDMC Budget: Three new taxes proposed to augment revenue
December 10, 2020 12:34 ISTNorth and South Corporations, budget for both of which were presented in the last two days, have not proposed any new taxes.
North and South Corporations, budget for both of which were presented in the last two days, have not proposed any new taxes.
The government is planning to sell up to 20 per cent stake in Indian Railway Catering and Tourism Corp (IRCTC) through an Offer for Sale (OFS) which opens for subscription on Thursday.
With a view to ensure financial discipline and transparency, the Reserve Bank of India (RBI) on Tuesday proposed guidelines for non-banking financial companies (NBFCs) for declaring dividends.
India's largest IT services firm Tata Consultancy Services (TCS) on Wednesday said its up to Rs 16,000-crore share buyback programme will commence on December 18 and close on January 1, 2021.
Social media giant Facebook India's revenues grew 43 per cent year-on-year to about Rs 1,277.3 crore in 2019-20, while its net profit more than doubled to Rs 135.7 crore, as per regulatory documents.
The Real Time Gross Settlement System (RTGS) for high-value transactions will be available 24x7 on all days from December 14. This would make India one of the few countries to operate the system round-the-clock. "RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020," the Reserve Bank of India (RBI) said in a statement.
Pfizer will have differential pricing on its coronavirus vaccine for different countries, as the company aims to make the vaccine available across the world, the global pharma major said on Wednesday.
Take-home salaries of employees may reduce starting next financial year as companies would be required to restructure pay packages once the government notifies draft rules under the new wage rule.
Billionaire Gautam Adani on Wednesday said India is at a dramatic inflexion point from where its economy will grow to ten times by 2050 with the nation having several trillion-dollar companies and cheapest power from renewable energy.
Hyderabad is all set to get a non-stop connectivity with the United States as Air India will launch its direct flight from the city to Chicago from January 15.
Equity benchmark Sensex soared 495 points to cross the 46,000-level for the first time on Wednesday amid persistent foreign fund inflows and positive cues from global markets. After touching a record intra-day high of 46,164.10, the 30-share BSE index ended 494.99 points or 1.09 per cent higher at 46,103.50 .
Gold prices fell Rs 118 to Rs 49,221 per 10 gram in the national capital on Wednesday on a weak global trend, according to HDFC Securities.
Amazon is under consideration for investment in India's Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market.
Investors can check the Burger King India IPO share allocation status on the website of Link Intime India, which is the registrar of Burger King IPO. The registrar manages share allocation and refund.
The Nifty50 on the National Stock Exchange was trading at 13,463.35, up 70.40 points or 0.53 per cent from its previous close.
The Indian Oil Corporation (IOC) announced that the prices of non-subsidised liquefied petroleum gas (LPG) cylinders across the country will increase by Rs 50. This is the first time in five months that the prices of non-subsidised LPG gas cylinders have seen a spike.
The sale will be done through offer for sale (OFS) through the stock exchange mechanism.
BharatPe on Tuesday said that it has become the third-largest player in the merchant UPI payment acceptance space.
IT services major Wipro will give wage hikes to junior employees with effect from January 1, 2021.
Hospitality firm OYO has laid off around 300 employees mainly from renovation and operations departments, according to sources in know of the matter.
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