Monday, Jul 04, 2022
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India's Fuel Sales Soar In June

India's Fuel Sales Soar In June

The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.

03 July 2022
Banking Frauds Of Over Rs 100 Crore See Significant Decline In FY'22

Banking Frauds Of Over Rs 100 Crore See Significant Decline In FY'22

According to official data, the number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21

03 July 2022

Can Windfall Tax On Oil Refiners, Producers Bail Out Indian Economy?

The oil refiners in India will now pay Rs 6 per litre on the export of petrol and aviation turbine fuel (ATF) as well as Rs 13 on the export of diesel

Windfall Tax To Recoup Most Of Rs 1 Lakh Crore Revenue Lost In Excise Cuts

Windfall Tax To Recoup Most Of Rs 1 Lakh Crore Revenue Lost In Excise Cuts

India on July 1 joined a select league of nations globally that have taxed windfall gains accruing to oil companies from soaring energy prices

03 July 2022

Discoms Outstanding Dues To Power Generation Companies Rise 4% To Rs 1.32 Lakh Crore In June

Discoms owed a total of Rs 1,27,306 crore to power generation firms in June 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power...

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03 July 2022
Three Of Top 10 Firms Lose Rs 73,630 Crore In Market Capitalization

Three Of Top 10 Firms Lose Rs 73,630 Crore In Market Capitalization

While HUL and ICICI Bank were the other laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC, and Bharti Airtel were the gainers


03 July 2022
Government Allows Transaction Worth Rs 10 Lakh From Relatives Residing Abroad: Report

Government Allows Transaction Worth Rs 10 Lakh From Relatives Residing Abroad: Report

The government has made certain changes to the Foreign Contribution (Regulation) Act (FCRA). As per the new changes, the duration to notify the government...


03 July 2022
FPI Withdraw Rs 50,203 Crore From Equity Market In June

FPI Withdraw Rs 50,203 Crore From Equity Market In June

Foreign portfolio investors (FPIs) have now pulled out around Rs 2.2 lakh crore from domestic equities in the first six months of 2022 -- the highest-ever net...


03 July 2022
Stock Market Outlook: Global Factors, Crude Oil, Macro Data To Drive Stocks This Week

Stock Market Outlook: Global Factors, Crude Oil, Macro Data To Drive Stocks This Week

Last week, the Sensex went up by 179.95 points or 0.34 per cent, while the Nifty gained 52.80 points or 0.33 per cent


02 July 2022
Taxpayers Face Issues Accessing E-Filing Portal; Infosys Taking Measures, Says I-T Dept

Taxpayers Face Issues Accessing E-Filing Portal; Infosys Taking Measures, Says I-T Dept

The new e-filing portal, launched on June 7, 2021, had a bumpy start with taxpayers and professionals reporting glitches and difficulties in its functioning


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02 July 2022
Hindustan Zinc Mined Metal Production Rises 14% In April-June

Hindustan Zinc Mined Metal Production Rises 14% In April-June

The rise in mined metal production was due to higher ore production largely at Sindesar Khurd, Rampura Agucha and  Kayad mines supported by better mill...


02 July 2022
FBI Offers $100K Bounty On ‘Crypto Queen’ Ignatova In Fraud Case, Bitcoin Rises

FBI Offers $100K Bounty On ‘Crypto Queen’ Ignatova In Fraud Case, Bitcoin Rises

The price of Bitcoin rose by 0.30 per cent in the last 24 hours, Ethereum down 0.02 per cent


02 July 2022
India A ‘Strong Leader’ in 25 Banking Benchmarks Among 20 Nations, Says RBI Report

India A ‘Strong Leader’ in 25 Banking Benchmarks Among 20 Nations, Says RBI Report

The country showcased rapid growth in digital payments in two aspects of value payment and fast payment systems


02 July 2022
Next Round Of Talks For India-EU FTA At Brussels In September

Next Round Of Talks For India-EU FTA At Brussels In September

India and the 27-nation bloc resumed negotiations on June 17, after a gap of over eight years, on the proposed agreements on trade, investments and...


02 July 2022
Fall In Real Estate Prices Will Hit Lending Banks: Says RBI report

Fall In Real Estate Prices Will Hit Lending Banks: Says RBI report

RBI cites global financial meltdown of 2008 to underscore how steep drop in housing prices can add to stress in the financial system


02 July 2022
Determined To Make Cooperative Sector More Powerful, Modern: Amit Shah

Determined To Make Cooperative Sector More Powerful, Modern: Amit Shah

Greeting the people on the 100th International Day of Cooperatives, Shah, who also holds the portfolio of home affairs, paid his respects to all the great men...


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02 July 2022
Niti Aayog Releases Compendium Of Ayush Practices To Manage COVID-19

Niti Aayog Releases Compendium Of Ayush Practices To Manage COVID-19

Releasing the compendium, NITI Aayog Vice-Chairman Suman Bery said it is critical to communicate the learnings from the testing times during the COVID-19...


02 July 2022
Indian Bank Inks MoU With Government Of Haryana

Indian Bank Inks MoU With Government Of Haryana

As per the agreement, the city-headquartered bank would provide e-upi coupons to beneficiaries


02 July 2022
Timex To Launch Adidas Watches, Philipp Plein Products In India

Timex To Launch Adidas Watches, Philipp Plein Products In India

Timex Group India also said that it will launch products of Philipp Plein, a brand known for use of crystals, studs, multicolour plating, military patterns and...


02 July 2022
Lendingkart Raises Rs 75 Crore In Debt From GMO LLC, Triodos Investment

Lendingkart Raises Rs 75 Crore In Debt From GMO LLC, Triodos Investment

The company will use the funds to originate MSME (micro, small and medium enterprises) loans across all states with credit decisions in a live environment...


02 July 2022
Weekly Wrap: Sensex, Nifty Gain For Second Straight Week; RIL Falls Most In 2 Years On Fuel Export Tax

Weekly Wrap: Sensex, Nifty Gain For Second Straight Week; RIL Falls Most In 2 Years On Fuel Export Tax

The indices however posted their worst quarterly performance since the early days of Covid-19. For the first quarter of the current fiscal, Sensex has fallen...


03 July 2022
Crypto Phones From HTC, Solana: Is Metaverse Ready For Its iPhone Moment?

Crypto Phones From HTC, Solana: Is Metaverse Ready For Its iPhone Moment?

HTC’s metaverse phone Desire 22 Pro and Solana’s Web 3 smartphone Saga to enter global markets soon. HTC Desire 22 Pro is expected to hit India at the end...


02 July 2022
Income Tax Return For FY 2021-22: Check Last Date; Documents Required To File ITR

Income Tax Return For FY 2021-22: Check Last Date; Documents Required To File ITR

Since most earning individuals file the ITR-1 form, it is vitally important for them to know about the essential documents they must keep handy during the ITR...


02 July 2022
Bengaluru Pips Delhi, Mumbai In Sustainability Index In Asia-Pacific Region: Report

Bengaluru Pips Delhi, Mumbai In Sustainability Index In Asia-Pacific Region: Report

Ranked 14th, Bengaluru only Indian city to achieve gold standard in Asia Pacific Region in sustainability index. Delhi, Hyderabad and Mumbai follow close at...


02 July 2022
Five Years Of GST: Some Hits, Many Misses

Five Years Of GST: Some Hits, Many Misses

While offering greater ease of doing business, GST still suffers from bottlenecks since its introduction in 2017; be it difficulty in claiming an input tax...


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