Why did RBI move 100 tonnes of India’s gold reserves back into the country? TOI was the first to report about the central bank’s decision to bring back such big amount of gold back into India from the UK.Shaktikanta Das, the governor of the Reserve Bank of India, has now explained the rationale behind the…
Paytm layoffs: One97 Communications Limited, the parent company of Paytm, is currently undergoing a restructuring process that involves an undisclosed number of people being laid off. According to a PTI report quoting the company statement, Paytm is providing outplacement support to these employees, collaborating with over 30 companies that are currently hiring and assisting those…
Nagaraj Shetti of HDFC Securities says that there is a possibility of a minor dip in the market from the highs in the short term. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Monday morning reaching life-time highs. While BSE Sensex crossed the 77,000 mark,…
MUMBAI: After a brief setback last week, the sensex is on track to go beyond the 77,000 milestone as the new trading week starts after the formation of the new team of ministers in PM Narendra Modi’s third term.Dalal Street investors are expected to react to who helms the most important ministries – the finance…
NEW DELHI: Non-compete fees received by a taxpayer will be a non-taxable capital receipts up to the financial year 2002-03. The amendment to treat non-compete fees as taxable revenue receipts came into effect only from April 1, 2003 – this was upheld by the Income-tax Appellate Tribunal (ITAT), Mumbai bench in its recent order.The amendment…
NEW DELHI: The seven Adani Group airports have seen cargo movement grow by 7% in FY 24 when it handled 10 lakh metric tonnes of goods. At 6.7 lakh metric tonnes, international cargo grew at 9% with the top commodities being automobiles, pharmaceuticals, perishables, electricals, electronics and engineering goods. While Delhi, Bengaluru and Kolkata were…
The incident occurred at Mumbai airport on Saturday morning when an Air India aircraft was speeding for take off when an IndiGo aircraft came in and landed behind it on the same runway. MUMBAI: The Aviation regulatory body, DGCA, has taken action by de-rostering an Air Traffic Control officer (ATCO) from Mumbai following a potentially…
HYDERABAD: Fast moving consumer goods giant Coca- Cola has uncorked plans for a third greenfield facility in Telangana at an investment of Rs 700 crore.The facility, to be set up by the US major’s wholly-owned subsidiary Hindustan Coca-Cola Beverages Pvt Ltd (HCCB), is slated to come up in Peddapalli district.The announcement was made by Telangana…
MUMBAI: Reserve Bank of India governor Shaktikanta Das said the decision to bring in 100 tonnes of gold was made because the quantum of gold outside the country had gone up due to RBI’s purchase. Part of the gold was decided to be held within the country as there was storage capacity available.“The quantum of…
HYDERABAD: Fast moving consumer goods giant Coca Cola has uncorked plans for its third greenfield facility in Telangana at an investment of Rs 700 crore.The proposed facility, to be set up by the American giant’s wholly-owned subsidiary Hindustan Coca Cola Beverages Pvt Ltd (HCCB), is slated to come up in Peddapalli district.The announcement was made…
