India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce and Industry Minister Piyush Goyal and […]
The Centre’s Goods and Services Tax (GST) collection in March touched an all-time high of over Rs 1.42 lakh-crore due to rate rationalisation and anti-evasion steps, said the Union Finance Ministry on Friday. The last high was Rs 1.41 lakh-crore mopped up in January this year. The healthy collections helped exceed the revised budget target […]
Gautam Adani, India’s and Asia’s second-richest person, added USD 49 billion to his wealth last year — more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List said on Wednesday. Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance […]
N Chandrasekaran, chairman of Tata Sons, has been appointed as the chairman of Air India by the airline’s board, aviation industry sources said on Monday. Salt-to-software conglomerate Tata Group had on October 8 last year won the bid to acquire debt-laden state-run Air India by offering Rs 18,000 crore for it.Tata Sons is yet to […]
The Employees Provident Fund Organisation (EPFO) on Saturday fixed 8.1 per cent as rate of interest on EPF deposits for the year 2021-22. In the previous year (2020-21), the fund manager kept the interest rate on savings steady at 8.5% but Saturday’s downward revision is lowest in years. The decision to lower the interest rate, […]
India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said Kristalina Georgieva, the Managing Director of the International Monetary Fund. During a media roundtable on Thursday on the Russian invasion of Ukraine and its global impact, Gita Gopinath, […]
McDonald’s and Starbucks are shutting their restaurants and cafes in Russia, and Coca-Cola is suspending its operations there in response to Russia’s invasion of Ukraine. PepsiCo is also pulling some products from the country.”McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market,” CEO Chris Kempczinski said […]
RBI Governor Shaktikanta Das on Tuesday launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way. The service christened UPI (unified payments interface) ‘123PAY’ is a three-step method to initiate and execute services for users which will work on simple phones which do not […]
State Bank of India, the nation’s largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow’s invasion of Ukraine, sources said. To effect this, the SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanction on it […]
BharatPe Co-Founder Ashneer Grover on Tuesday resigned from the company and its board. This comes days after BharatPe sacked his wife Madhuri Jain Grover for alleged financial irregularities ranging from producing fake invoices to billing the company for personal beauty treatment and trips abroad.In a letter addressed to the BharatPe board, Grover said, “I write […]