- Business
- December 4, 2024
SDP Status Not Needed For Digital Platforms: SEBI’s Important Update
New Delhi, Dec 4 (PTI) Market regulator Sebi on Wednesday clarified that digital platforms, used by registered or regulated entities to associate with third parties, are not obligated to seek recognition as Specified Digital Platforms (SDPs). The market regulator also stated that there is currently no regulatory framework in place for governing SDPs. An SDP is a digital platform approved by Sebi that…
- Business
- December 4, 2024
‘Safe, Stable’ – FM Nirmala Sitharaman On Public Sector Banks
Finance Minister Nirmala Sitharaman on Tuesday said that the public sector banks are safe, stable and healthy and have performed “exceptionally well” in recent years earning Rs 85,520 crore profit in the first six months of the current fiscal. Replying to a debate on the Banking Laws (Amendment) Bill, 2024, the minister said that all the Public Sector Banks have turned profitable. The…
- Business
- December 4, 2024
Vodafone To Sell 3% Stake In Indus Towers; To Use Proceeds For… – Details
New Delhi, Dec 4 (PTI) British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. The transaction is valued at around Rs 2,841 crore as per the Wednesday’s closing price of Indus…
- Business
- December 4, 2024
Swiggy Share Price Today: Stock Zooms 7% After Q2 Earnings
Swiggy’s shares rose 6.69 per cent to Rs 534.85 on the BSE and 6.56 per cent to Rs 534.80 on the NSE following a reduction in its consolidated net loss to Rs 625.53 crore for Q2 FY24. This marks an improvement from Rs 657 crore in the same quarter last year, driven by the steady growth of its food delivery business. Swiggy Boost:…
- Business
- December 3, 2024
GST on Cigarettes, Tobacco May Be Hiked To 35%; GST Council Decision On Dec 21
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said. The Group of Ministers (GoM) on rate rationalisation under Bihar Deputy Chief Minister Samrat Chaudhary also decided to rationalise tax rates on apparel. As per the decision,…
- Business
- December 3, 2024
Intel CEO Gelsinger Ousted After Board Lose Confidence In Turnaround Plan
Intel Chief Executive Pat Gelsinger has been forced out less than four years after taking the helm of the company, handing control to two lieutenants as the faltering American chipmaking icon searches for a permanent replacement. Gelsinger, who resigned on Dec. 1, left after a board meeting last week during which directors felt Gelsinger’s costly and ambitious plan to turn Intel around was…
- Business
- December 2, 2024
Cost of Health, Life Insurance To Come Down If GST Council Plans To Reduce Taxes On Premium: FM
New Delhi: Finance Minister Nirmala Sitharaman on Monday said the cost of insurance for policyholders could come down if the GST Council recommended reducing the GST rate on health and life insurance policies. FM Recommends Constituting GoM In a written reply in the Lok Sabha, she said the GST Council in its September 9 meeting had recommended constituting a Group of Ministers (GoM)…
- Business
- December 2, 2024
Govt Scraps Windfall Tax On Petrol, Diesel, Crude, and ATF Exports
Windfall tax: On Monday, the Finance Ministry announced that the windfall tax on aviation turbine fuel (ATF), crude products, diesel and petrol products has been scrapped, according to the papers set to be laid in Parliament on December 2. The move will bring relief to the tightening margins of Indian oil majors including Reliance Industries, ONGC, Bharat Petroleum, GAIL, and others. “Notification No. 29/2024-Central…
- Business
- December 1, 2024
ATF price hiked 1.45%, commercial LPG up Rs 16.5 per cylinder
Jet fuel, or ATF, price on Sunday was hiked by 1.45 per cent and rates of commercial LPG used in hotels and restaurants increased by Rs 16.5 per 19-kg cylinder in the monthly revision done in line with international oil price trends. The aviation turbine fuel (ATF) price was increased by Rs 1,318.12 per kilolitre, or 1.45 per cent, to Rs 91,856.84 per…
- Business
- December 1, 2024
GST collection rises by 8.5 pc to Rs 1.82 lakh cr in Nov
Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on higher revenues from domestic transactions. The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore and cess at Rs 13,253 crore, according to government data released on Sunday. The total gross Goods and Services Tax (GST)…
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