The Gurugram-based company recorded Rs 281 crore in revenue for the April-June period, or the first quarter, of this fiscal year, with a profit before tax (PBT) of Rs 12 crore, the business summary showed.
Mumbai faces ongoing heavy rainfall, prompting authorities to issue alerts and advisories. Residents warned to take precautions and avoid unnecessary travel. Forecast predicts continued moderate to heavy rain in the region.
UBS Securities economist noted that from FY27 onwards, the government would shift to a new medium-term fiscal consolidation path linked to the reduction in central government debt as a percentage of GDP. He believed this would provide them with more flexibility to determine an appropriate fiscal trajectory based on domestic and global growth dynamics.
Joe Biden called the headquarters of Kamala Harris and said that he would work hard, would be "fully engaged" and campaigning for Kamala Harris.
The second trailer for "Joker: Folie à Deux" has been released, providing a glimpse into the upcoming DC sequel. Joaquin Phoenix reprises his role as Arthur Fleck, the infamous Batman villain.
Some, however, say it could hurt Indian companies offering services such as online travel bookings. The tax aimed at providing a level playing field for Indian ecommerce companies liable to local tax laws. It had become a bone of contention between India and the US.
During the Eyes Wide Shut anniversary, Nicole Kidman recently talked about her current relationship with Keith Urban and her prior relationship with Tom Cruise.
Budget 2024-25 promotes aircraft, ship leasing, and MRO. Finance Minister Sitharaman cites 28 aircraft lessors in GIFT City. Kinjal Shah and Thales' Saraf support export extension from six months to one year, re-import time from three to five years, 5% GST rate, and specific timelines, boosting MRO and positioning India as a hub for South Asian airlines.
Finance Minister Nirmala Sitharaman has dismissed criticism that the Indian budget has given special treatment to states run by supporting parties, stating that those whose alliances received less than 230 seats have no right to question it. She stated that the Centre has provided funds to all states, including Rs 1.5 lakh crore assistance for all states in the budget.
Budget 2024-25 proposes 'Vivad Se Vishwas' scheme 2.0, reduces reassessment limit to 5 years, and increases appeal thresholds. Changes to Income Tax Act aim to simplify tax processes and reduce litigation. Government focuses on improving taxpayer services and enhancing revenues.
Despite maintaining steady capital expenditure and fiscal deficit targets, analysts predict that significant tax policy changes, particularly the increased LTCG, STCG, and STT rates, will affect market sentiment. However, the introduction of new income tax benefits under the new tax regime offers some relief to taxpayers, potentially mitigating the negative impact on market sentiment.
The National Testing Agency (NTA) will release the revised merit list of NEET-UG 2024 within two days, following the Supreme Court's decision not to retest the exam. Education Minister Dharmendra Pradhan hailed the Supreme Court's decision as 'Satyamev Jayate' and emphasized the government's commitment to a transparent, tamper-free, and zero-error examination system.
COAI highlights impact of Budget proposal to raise customs duty on telecom equipment, emphasizing increased costs for telcos and challenges for 5G rollout. Calls for duty reduction to support domestic manufacturing and urges government to address demands for License Fee reduction and USOF levy suspension.
IRDAI emphasised that Saluja’s dual role as executive chairperson of Religare Enterprises does not exempt her from regulatory compliance. The issuance of stock options to her breached the IRDA Act of 1999 and related guidelines, the regulator stated.
The company also saw its value of new business (VNB) grow by 8% year-on-year during the quarter. The total annualized premium equivalent (APE) surged by 34.4% to Rs. 1,963 crore, up from Rs. 1,461 crore in the corresponding quarter of the previous year.
BJP secures 70% of seats uncontested in Tripura's panchayat system. Polling to be held for remaining seats with CPI(M) and Congress also fielding candidates. Election date set for August 8 with results on August 12.
The Karnataka High Court has ordered the transfer of a financial irregularity probe from a state SIT to the CBI. The case involves alleged embezzlement of funds from a state-run corporation. The Union Bank of India officials are under investigation, with the Minister resigning and facing arrest.
ICICI Prudential Life Insurance Company on Tuesday reported a standalone net profit of Rs 225 crore for the quarter ended June 30, 2024, which was up by nearly 9% over Rs 207 crore reported by the company in the year ago period.
Uttarakhand Tourism's www.uttarastays.com allows free homestay bookings without fees or revenue sharing. Small homestay owners can register and get real-time feedback. Supported by government, the Deendayal Upadhyay Homestay Scheme provides subsidies and training. CEO Sachin Kurve aims to connect 5,000 homestays with wellness centres offering Yoga, naturopathy, and ayurvedic massages, ensuring seamless booking.
The damages incurred from the massive global outage due to a Microsoft CrowdStrike issue has still not waned yet, with multiple institutions still recovering from the technical issues. Meanwhile, CrowdStrike has warned about hacking threats that may affect users amid this outage scenario.
Finance Minister Nirmala Sitharaman’s budget balanced fiscal discipline with political strategies. Bihar received Rs 26,000 crore for road projects and a 2400 MW power plant worth Rs 21,400 crore. Andhra Pradesh was allocated Rs 15,000 crore and support for the Polavaram Project. Infrastructure initiatives target the Vishakhapatnam-Chennai and Hyderabad-Bengaluru corridors. Capital investment allocations and multilateral development bank assistance were highlighted. Employment incentives include... Читать дальше...
