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INCOME TAX
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24
Apr
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notification-39-202
(Delhi)
In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961)
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RBI
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24
Apr
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RBI/2024-25/23
(Delhi)
Dealing in Rupee Interest Rate Derivative products - Small Finance Banks
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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FTSE 100
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0
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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As the banking services increasingly become digital, there is a risk of excluding certain people from the financial system who lack access or are not familiar with using online, digital mobile banking applications, Reserve Bank of India (RBI) deputy governor Swaminathan J said at the Conclave on Financial Lit...
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The commerce ministry has embarked on an exercise to identify and estimate the investments required for the country’s export infrastructure, after having set a target of $1 trillion merchandise export target by 2030, a senior official said Thursday.
The exercise is being carried out in collaboration with t...
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India beat the world average in the services export growth in calendar year 2023 with overseas earnings from the sector expanding 11.4% on year to $ 345 billion, according to a United Nations Conference on Trade and Development report.
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In its India's economic outlook report, Deloitte said the rapid growth of the middle-income class has led to rising purchasing power and even created demand for premium luxury products and services.
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EU lawmakers backed the Corporate Sustainability Due Diligence Directive (CSDDD) by 374 votes to 235 against, with 19 abstentions, Reuters reported.
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GLOBAL CORPORATE
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ByteDance, the parent company of TikTok, has said it would shut down the app and not sell it if those are its only options as the United States (US) threatens a ban. The South China Morning Post (SCMP), while citing sources close to the matter, said ByteDance is unwilling to sell the app to an American buyer,...
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Google CEO Sundar Pichai announced on April 25 that both YouTube and Google's cloud business are expected to make over $100 billion altogether by the end of 2024, showing new areas of profit for the company.
"This shows our track record of investing in and building successful, new, growing businesses," Pich...
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Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations, buoyed by growth in its cloud computing unit.
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The United States slapped on Thursday sanctions on over a dozen companies, individuals and vessels, including three from India, for facilitating illicit trade and UAV transfers on behalf of the Iranian military.
The US Department of Treasury said these companies, individuals and vessels have played a central...
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Global wine consumption fell to its lowest level since 1996 last year as inflation sent prices to record highs, deterring consumers already facing lower spending power, the International Organisation for Vine and Wine (OIV) said on Thursday.
The Paris-based OIV estimated world wine consumption in 2023 at ...
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Toyota Motor said on Thursday its global sales and production hit record highs in the year ended March 31, supported by robust demand and the absence of semiconductor supply constraints it had to endure in recent years.
Still, Toyota plans to delay the start of its electric vehicle (EV) production in the ...
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Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail income rose to its highest in eight years.
January-March net profit was 56.8 billion yen ($363.87 million) compared to 7.3 billion yen a year earli...
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Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign technology.
The sizes of subsidies were not specified in a document outlining the initiativ...
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Banking
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Payment frauds are rising sharply if the data from the Reserve Bank of India is any indication. Domestic payment frauds jumped by 70.64 per cent to Rs 2,604 crore during the six-month period ended March 2024 from Rs 1,526 crore in the same period of last year.
The volume of frauds also rose to 15.51 lakh d...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Former President Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US ...
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The yen fell by about 0.2% and weakened to 156.1 per dollar in the minutes after the announcement. The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dol...
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Pakistan's central bank is widely expected to hold its key interest rate at a record 22% for the seventh straight policy meeting on Monday as Pakistan gears up for an International Monetary Fund board approval and talks on a longe...
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The global economy is likely to carry its solid momentum for the rest of the year and into 2025, defying earlier expectations of a slowdown, according to a Reuters poll of economists who said stronger growth than forecast was more...
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Core inflation in Japan's capital slowed much more than expected in April and fell below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates.
The reading comes just...
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INDIAN CORPORATE
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Tech Mahindra has reported a net profit of Rs 664.2 crore, a decline of 41% in the fourth quarter of FY24, compared to Rs 1,125 crore recorded in the same period a year ago.
The company’s revenue from operations stood at Rs 12,...
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The country’s largest consumer goods company, Hindustan Unilever (HUL), has identified six key areas to invest in as it premiumizes the beauty portfolio, CEO & MD Rohit Jawa said during the analysts call post Q4 results.
The si...
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The consolidated net profit of Bajaj Finance rose 21% to Rs 3,825 crore year-on-year (y-o-y) in the fourth quarter aided by a growth in assets under management (AUM). This is higher than the Rs 3,785 crore estimated by analysts at...
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L&T Technology Services on Thursday reported a rise in earnings for both revenue and profit due to strong performance in areas such as telecom & hitech, and plant engineering, although the results did not meet market expectations....
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Vedanta’s consolidated net profit came down 27.3% to Rs 2,275 crore in the fourth quarter of FY24, compared to Rs 3,132 crore it posted in the same quarter a year ago. Profit is of jointly controlled entities and associates
It...
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Nestle India has reported a jump of almost 27% in its profit for the quarter ending March FY24 standing at Rs 934.17 crore, against Rs 736.64 crore it reported in Q4 FY23. The company’s revenue came in at Rs 5,267.59 crore for the...
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Aditya Birla Group chairman Kumar Mangalam Birla said the Rs 18,000-crore fund-raise has given Vodafone Idea a "fresh lease of life", and set the stage for a "smart turnaround".
"Vi is not just a telecom company, it's a national ...
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Come 2027 and IndiGo will mount nonstop flights by using its own wide body aircraft between India and far flung corners of the world. The Rahul Bhatia-founded mega budget carrier Thursday said it "has agreed" to place a firm orde...
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After becoming a significant player assembling enclosures for Apple iPhones in the country, Tata Electronics is now working to internally develop "very sophisticated" and complex high-precision machines used to produce the casing ...
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