Gold Demand Outlook: After the reduction in import duty on gold, the prices have come down to Rs. 6000 per 10 grams. However, by next Diwali gold will come back to Rs. 75000 per 10 grams. Bullion experts have estimated the price of gold at present to be around Rs. …
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Drastic changes in MSCI indices | News India
Mumbai: Major changes have been announced in the MSCI index on August 12. 27 new stocks have been added to the MSCI Small Cap Index, while Rail Vikas Nigam and Vodafone Idea have been added to the Global Standard Index. It is estimated that these changes in the MSCI indices …
Read More »CBDT begins investigation into high value outward remittances | News India
Mumbai: The Central Board of Direct Taxes (CBDT) has launched a thorough investigation into foreign remittances of over Rs 6 lakh. CBDT sources said the probe was initiated after the amount of money sent abroad and the amount of expenditure in some cases did not match the income declared by …
Read More »Petrol Diesel Price: New prices of petrol and diesel announced, know today's new price | News India
Petrol and diesel prices have been announced across the country. Indian oil companies change fuel rates every day at 6 am. The price of petrol and diesel is changed based on crude oil in the international market and then the fuel rate is announced. What are the prices of petrol …
Read More »Stock Market Opening: Stock market rises, Sensex opens above 79000 | News India
The domestic stock markets started strongly today and the Sensex-Nifty opened on a positive note. Adani shares are trading mixed today. Adani Enterprises is down while Ambuja Cements is up. Adani Ports is seeing a decline today. How was the stock market opening today? The BSE Sensex opened at 79,065, …
Read More »Business: Lakhs of patents granted in last two years, future viability of trademarks | News India
A week ago, the Calcutta High Court had said that hiring of employees on contract basis was causing delay in approval of trademarks and patents due to shortage of manpower. This method is illegal. Now the Additional Solicitor General of the country has also given the opinion to cancel the …
Read More »Business: Now used cooking oil will be used for blending 5% biodiesel | News India
The government was planning to use ethanol to meet its target of five per cent biodiesel blending in diesel sales by 2023. But volatility in ethanol production volumes has forced it to shelve the plan. Instead, the government now plans to extend the used cooking oil scheme implemented in 2019. …
Read More »Setback to Centre and mining companies, states have right to levy tax on mineral rights: Supreme Court | News India
Supreme Court orders mining companies to pay taxes to states: The Supreme Court has given a big blow to the central government and mining companies by deciding to keep the right to tax on mineral rights with the state government and pay the outstanding tax. The Supreme Court's decision will …
Read More »How rules for public deposits of FI companies were tightened | News India
Mumbai: The Reserve Bank has tightened deposit acceptance norms for housing finance companies (HFCs) receiving deposits from the public and brought them at par with non-banking finance companies (NBFCs). As per the new norms, HFCs will now be able to hold only one and a half times their net owned …
Read More »Gold climbs, bid at Rs 73,000: However, silver bid remains at Rs 1,000 | News India
Mumbai: Gold prices rose in Mumbai's jewellery market today. While silver prices fell, the market witnessed a mixed trend. There was news in the world market that the price of gold has increased. Globally, gold prices remained between 2,444 to 2,445 to 2,476 to 2,466 to 2,467 dollars per ounce. …
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