To boost participation of small investors in the securities market, Sebi on Friday increased the threshold for the basic service demat account to Rs 10 lakh from the current Rs 2 lakh. The new guidelines will come into force from September 1, the Securities and Exchange Board of India (Sebi) said in a circular. Increasing the limit of securities' value held in the Basic Services Demat Account (BSDA) will encourage small investors to trade in the stock market and ensure their financial inclusion. A basic service demat account... Читать дальше...
The instant or 'tatkal' issuance of licences or registrations in select food businesses under the FSSAI was also a part of the health ministry's 100-day programme
Orchid Pharma announced the launch of its new drug - Cefepime-Enmetazobactam, which has been approved for the treatment of complicated Urinary Tract infections (cUTI), Hospital-Acquired Pneumonia (HAP) and Ventilator-Associated Pneumonia (VAP) indications.
Bharat Electronics (BEL), has signed a contract valued at Rs.3,172 crore with Armoured Vehicles Nigam (AVNL) on 28 June 2024, at AVNL Headquarters in Chennai. The project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K Tanks of the Indian Army, along with a comprehensive Engineering Support Package.
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TWO95 International Inc (TWO95) is based in New Jersey, USA. TWO95 has been engaged in technology solutions and services relating to digital transformation and has been in operations since 2009 with a focus on Healthcare, Utilities, Financial Services and Government. The revenue from digital transformation and cyber security services during the year ended December 31, 2023 amounted to USD 7.6 million.
India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday. In a major reform of the international tax system, India and the US have joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the UK) in reaching an agreement on October 8, 2021, on the statement on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. Читать дальше...
Heavy rains in Gurugram early Friday morning led to severe inundation, particularly in residential areas, and traffic jams across the city. Significant waterlogging was reported in Dwarka Expressway, Sector 9, Sector 21, Sector 23, Greenwood City, Ardee City, Palam Vihar, Bhim Nagar, and MG Road, making it difficult for residents to step out of their homes. The Delhi-Gurugram Expressway was also affected after rains lashed the city on Thursday night and Friday morning. According to the rainfall data till 7.30 am on Friday... Читать дальше...
The RBI provides WMA to states banking with it to help them tide over temporary mismatches in the cash flow of their receipts and payments
Deploys its flagship Healthcare AIOT Product - 'Truhealthz' in ESI Primary Healthcare Centres in Assam State
Zydus Lifesciences and Dr. Reddy's Laboratories announced the execution of a licensing agreement to co-market Pertuzumab biosimilar in India.
Initially the LLM will support Hindi language and more than 37 of its dialects
In the 12 months through May, the personal consumption expenditures price index increased 2.6 per cent after advancing 2.7 per cent in April
The Udupi Cochin Shipyard Limited (UCSL), a wholly owned subsidiary of the Cochin Shipyard Limited (CSL), has bagged a Rs 1,100 crore-worth international order for eight 6300 TDW dry cargo vessels. CSL said it has won an international order from Wilson ASA, Norway, for the design and construction of four 6,300 TDW dry cargo vessels. "An agreement has also been entered into for an additional four vessels of the same type, which will be formally contracted within September 19, 2024," a CSL release said. Читать дальше...
Warren Buffett has donated the stocks to the Bill & Melinda Gates Foundation and four family charities. This is his biggest annual donation since he began making them in 2006
Mumbai (Maharashtra) [India], June 28: In an effort to promote health awareness and provide necessary knowledge to the community, a health and screening camp on Sickle Cell Disease was organized by Surya Hospitals in a rural village of Vasai, Maharashtra recently.
Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr
Ludhiana (Punjab) [India], June 28: Chili's American Grill® is excited to announce the grand opening of its latest restaurant at Sunview Plaza in Ludhiana. This marks the 21st Chili's location in India under Trimex Foods Private Limited, and the 22nd across India and Sri Lanka.
The new set of rules provides for various types of tests to ensure the correctness of the instrument
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Bandhan Bank on Friday said it has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India. As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches, the lender said in a statement. The service is available through internet banking, payment gateway, cash, cheque, or demand draft, it said. Bandhan Bank's head of government business group, Debraj Saha, said, "The bank is proud to support the... Читать дальше...
The initial public offer of Vraj Iron and Steel got subscribed 119 times on the last day of bidding on Friday helped by heavy participation from institutional investors. The Rs 171-crore initial share sale received bids for 73,07,13,312 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received a whopping 208.81 times subscription, while Qualified Institutional Buyers (QIBs) part got subscribed 163.90 times. The category for Retail Individual Investors... Читать дальше...
New Delhi [India], June 28: Tenon FM, a leading integrated facilities management company and subsidiary of TenonGroup, a prominent Indian multinational specializing in private security and integrated facility management. Tenon FM is proud to be recognized in the prestigious "India Meets Britain Tracker 2024," released by Grant Thornton and the Confederation of Indian Industry (CII) as the fastest-growing Indian-owned company. The report was released in the House of Lords and highlights the significant... Читать дальше...
Consequent upon said allotment of 1,88,96,100 equity shares by AFAL, GPIL's holding in AFAL has increased from 78.96% to 88.34% in the enhanced equity capital of AFAL with effect from 27 June 2024.
Almost 60 per cent of MSMEs plan to digitise their business processes, and 43 per cent plan to increase their digitalisation budget by 2025, according to a study by Vi Business, the enterprise arm of Vi (Vodafone Idea). Medium, Small, and Micro Enterprises (MSMEs) are the backbone of India's economy, currently contributing nearly 30 per cent to the country's GDP, the report said. There are several studies that suggest MSMEs will boost their GDP contribution to 35-40 per cent by 2027. Hence, MSMEs... Читать дальше...
