- 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)…
- Business
- December 1, 2024
RPT-Wall St Week Ahead-Jobs data set to pave way for rates path, stocks
The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates in the months ahead. Stocks are heading into December with the benchmark S&P 500 near record highs following an over 25% year-to-date gain. Part of that performance has been…
- Business
- November 30, 2024
Make Amazon Pay: Amazon India Workers Join Global Protests Before Black Friday Sale
Amazon India Workers Protest: Amazon employees in India have joined a worldwide protest under the “Make Amazon Pay” campaign, demanding better wages, improved working conditions, and union recognition. Workers from cities such as New Delhi, Agra, Patna, Rishikesh, and Varanasi have rallied, with New Delhi protestors gathering at Jantar Mantar and raising their demands through the campaign hashtag on social media. The…
- Business
- November 30, 2024
Sensex, Nifty Next Week: Are Bulls Back? Why Did Market Rise Despite FII Outflow?
Stock Market Outlook: The stock market regained its momentum in the last trading session of the week, closing notably higher after a drastic collapse on Thursday despite continued foreign investors selling woes. The BSE Sensex gained 760 points 0.96 per cent on November 29 to end above the mark of 79,800, in contrast to its Asian peers which ended lower except China. The…
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