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Showing posts from December, 2021

Sensex gains 22% in 2021 to end over 58k

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GST Council defers decisionto increase rates on textiles

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Digit, first unicorn of 2021, in top 10 non-life insurers

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Dish TV to submit AGM results to Bombay HC

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E-commerce hiring surges 28% in 2021: TeamLease

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RBL to hire search firm to zero in on next CEO

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The RBL Bank board decided in its meeting on Thursday to hire a search firm to identify a new CEO. The board also appointed a search committee comprising directors to evaluate candidates for the top position at the bank. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3pH0Apn

Digit, first unicorn of 2021, in top 10 non-life insurers

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Nirmala Sitharaman to chair meeting of GST Council today

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SBI adopts new benchmark rate, drops decades old Libor

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Extend GST compensation by 5 years: States to FM

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IndiGo paves way for end of Gangwal-Bhatia dispute

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Deadline relief: Bank KYC to GST returns

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US stocks dip in pause from 'Santa Claus' rally

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Both the Dow and S&P 500 retreated from records during the "Santa Claus rally" -- the post-Christmas period when stocks generally drift higher amid light trading volumes. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ezKyHI

FinMin extends benefit of reduced performance security for govt contracts till March 2023

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The finance ministry on Thursday extended till March 2023 the benefit of reduced performance security in government contracts. According to the rules, a successful bidder awarded a government contract has to deposit a performance security of 5-10 per cent of the value of the contract with the government. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/33WVMnp

Crypto bourses can’t get cover for cyber risks

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In the absence of regulation, cryptocurrency exchanges in India are not being able to get insurance protection against cyber risks like ransomware attacks and business interruption. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Jw0716

Electrics make up 7% of scooter sales in Nov

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Electric scooters are gradually becoming a common sight on Indian roads. In November, 6%-7% of scooter sales are estimated to have been electric. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3FHAxnw

RBI approval not needed for property deals by NRIs

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Flipkart treats gig workers best among platform cos

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Flipkart treats gig workers the best among 11 of the largest platform-based companies in India, according to a study. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32KCW2v

LIC flaunts e-initiatives for global investors

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Faceless tax appeals to have video hearings

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Tesla's Musk exercises all of his stock options expiring next year

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With the option exercise on 1.6 million shares on Tuesday, Musk has exercised all of the options on 22.8 million Tesla shares, which are due to expire in August. He also sold 934,090 shares for $1.02 billion to pay for taxes, the filings showed. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ev6IL4

Rupee trades in narrow range in early trade against US dollar

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Sensex surges over 100 points in early trade; Nifty tops 17,250

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US stocks: S&P 500 ends lower after four-day rally to record high

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The Dow Jones Industrial Average rose 95.83 points, or 0.26%, to 36,398.21; the S&P 500 lost 4.84 points, or 0.10%, to 4,786.35 and the Nasdaq Composite dropped 89.54 points, or 0.56%, to 15,781.72. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3He7k3W

Rising burnout in corner office: CEOs feel the heat, head for exit

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Better governance, risk mgmt needed, says RBI

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Over 4.67 crore ITRs filed so far, 15.49 lakh alone in single day

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Over 4.67 crore Income Tax Returns have been filed including over 15.49 lakh ITRs filed on December 27 alone, the I-T department said on Tuesday. The last date for filing ITRs for 2020-21 fiscal ended March 31, 2021, by individual taxpayers is December 31, extended from the original date of July 31, 2021. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32FFXkk

Sensex surges over 300 points; Nifty tops 17,150 level

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Turmeric not agri produce, but 5% taxable spice: GST-AAR

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Google moves court seeking more time to respond to CCI

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Google has filed a writ petition in the Karnataka High Court seeking more time to respond to CCI’s queries related to a probe regarding Play Store and Google Pay billing rules. The CCI had launched a probe into mandatory use of Google Play Store’s payment system for in-app purchases. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3qrSLTP

Funding for startups grows 3 times in 2021

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Govt’s e-commerce system ready for next stage

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Wall Street ends higher, marking another record for S&P 500

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The S&P 500 rose 1.4%, its fourth straight gain. The benchmark index, which capped a holiday-shortened week Thursday with a record high, is on pace to close out the year with a 27.6% gain. The Dow Jones Industrial Average rose 1% and the technology-heavy Nasdaq rose 1.4%. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3HhSFos

RBI wants full ban on crypto, legal experts say it is too late

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RBL stock dives 18%, RBI allays fears about lender

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Metros, bigger cities to see 5G rollout next year

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Delhi, Gurgaon, Mumbai, Pune, Bangalore, Chandigarh and Chennai will be among cities that will see the debut of high-speed 5G telecom services in the country next year, the government has said. Other cities where the trial sites have been set up are Kolkata, Jamnagar, Ahmedabad, Hyderabad, Lucknow, and Gandhi Nagar, the telecom ministry said, as it outlined the rollout plans for 5G in the country. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Fyzbvj

Air India handover to Tata Group delayed by a month till Jan

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Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent equity shares of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS -- the first privatisation in 20 years. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3qrhKqm

Lamborghini India sees highest-ever sales in 2021

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Italian super sports carmaker Lamborghini had a record year in India in 2021, exceeding the peak sales it hit in 2019, when it had sold more than one car per week. The surge happened even as the economy was limping out of the Covid-induced slowdown, and automakers across the world fought a production shortage due to semiconductor crunch. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3JjiINW

China's industrial profit growth tumbles as raw material prices fall

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The world's second-largest economy, which has lost steam after a solid recovery from the pandemic last year, faces multiple challenges as a property downturn deepens, supply bottlenecks persist and strict Covid-19 curbs hit consumer spending. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32BnDJp

Mixed reality: Chip shortage, faster net, privacy push in 2022

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Biz fundamentals are intact, have RBI support: RBL Bank

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Cairn drops lawsuits against govt in US, UK

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Cairn Energy has dropped lawsuits against the government and its entities in the US and the UK. It is in final stages of withdrawing cases in France and the Netherlands, which were filed to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. The UK company has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3FwQpcE

Omicron fails to dampen spirits for growth push in 2022

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Host of changes in GST law to come into effect from January 1

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Banking sector to see significant reforms in 2022

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India imposes antidumping duty on 5 Chinese goods for 5 years

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RBL Bank MD & CEO Vishwavir Anuja steps down

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NCLAT stays Rs 873 crore CCI penalty on beer makers

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RBI checks into RBL Bank board; CEO goes on leave

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RBL Bank on Saturday saw a series of changes at the top management level starting with the RBI’s appointment of Yogesh K Dayal as an additional director. The bank’s board also accepted the request of the MD & CEO Vishwavir Ahuja to proceed on leave with immediate effect. Separately, the board approved the appointment of Rajeev Ahuja, executive director, as interim managing director & CEO with immediate effect. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3Hgw23Z

Funding to deep tech startups doubles in 2021

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Used car companies in top gear, 3 unicorns in 2021

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Power demand rises 10% in April-November, coal keeps pace

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