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Singapore High Commissioner Simon Wong said on Tuesday that the Singapore Stock Exchange (SGX) will begin operations at GIFT City in collaboration with NSE from July this year. The news comes after Wong had a meeting with Gujarat Chief Minister Bhupendra Patel in Gandhinagar. The NSE IFSC-SGX Connect is an initiative taken up by the two countries to collaborate in […]
One of Singapore’s top fashion e-commerce firm Zilingo has suspended its Indian Founder and CEO Ankiti Bose, citing discrepancies in accounting. According to sources, the move follows the company’s attempt to raise funds, where the investors started questioning its finances during due diligence. Consequently, the talks with the investors have been put on hold and […]
On Monday, Adani Green Energy’s stock price soared 16.3% to a new high of Rs 2,701.6 on the BSE, putting it among the country’s top-10 most valuable businesses by market capitalization. And continuing on that momentum on Tuesday, it jumped 9.3% on BSE to touch a 52 week high of Rs 2951.90. A thousand rupees […]
The unrelenting, steadily rising prices of transport fuel in India – in some states, as much as Rs 15 over the past month – have resulted in unprecedented inflation in the country, pushing the price of daily commodities to sky-high levels. The cost inflation index for the financial year 2021-22 was 317. In February 2022, […]
At times a person is faced with a situation where he or she is in need of finance for a short time, be it fees for the children or unexpected medical emergency or a forgotten electricity bill. It may happen that your regular salary or revenue is still a few weeks or months away and […]
With less than three months to go before the nationwide ban on single-use plastic straws comes into effect, beverage makers are scrambling to come up with alternatives. The plastic straw pierced into Tetra Pak cartons has become one of the most common modes of consuming cold beverages in India and the ban will majorly impact […]
Indian billionaire Gautam Adani’s ports-to-power conglomerate looks to expand, Abu Dhabi-based International Holding Company PJSC has invested almost $2 billion in three of his companies. According to Indian media reports, Adani Enterprises Ltd, the group’s flagship company, will issue preferential shares to IHC for Rs 7,700 crore ($1.02 billion) and Adani Green Energy Ltd. and […]
The Highcourt has criticised the coercive methods used by the state tax officials and said that the recovery targets for revenue collection should not be at the expense of foreclosing the remedies which are available to assessees for challenging the correctness of a demand. The bench of Justice J B Pardiwala and Justice Nisha Thakore […]
On April 7, the Tata Group will unveil its much-anticipated super app, named ‘Neu.’ On its app as well as the Google Play Store, the company announced the inaugural date of ‘Neu,’ stating that “start your new journey with us on April 7.” With the announcement of the super app’s launch date, Tata Group hopes […]
On Tuesday, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch appeared before a Parliamentary panel to be questioned over the Sahara case, the NSE controversy, share offers of Paytm and Patanjali’s acquisition of Ruchi Soya. Former minister of state for finance Jayant Sinha chaired the meeting of the Parliamentary standing committee on […]
National Thermal Power Corporation Limited has signed a pact to blend natural gas (PNG) from Gujarat Gas Ltd with Green Hydrogen. A first-of-its-kind project in the country, the project ensures the decarbonisation of the cooking sector and the self-sufficiency of the country’s energy needs. “With the continued focus on a clean environment, NTPC has taken […]
Jio-bp and TVS Motor Company on Tuesday announced an agreement to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country. This partnership will be building on Jio-bp’s growing network in this space. Partnership agenda: customers of TVS electric vehicles are expected to get access to the […]
Demand for branded basmati rice, cooking oil, and poultry chicken fell by about 15% in March compared to the same month last year. This rise in prices attributes to high costs and inflationary pressure. As a result of Russia’s invasion of Ukraine, which began in the last week of February, global commodity prices have risen […]
The Competition Commission of India (CCI) has ordered an investigation against top food delivery platforms, Zomato and Swiggy. CCI ordered the probe over the illegal and unfair business practices regarding their dealings with restaurant partners. The Director-General of CCI will investigate the issue within 60 days. In July 2021, the National Restaurant Association of India […]
India’s biggest private sector bank and largest housing finance company on Monday announced a merger to create a banking giant. The respective boards of HDFC Bank and HDFC Ltd approved all stock amalgamation. This merger has resulted in a $ 40 billion deal. It will become one of the top three entities in terms of […]
Gujarat High Court granted relief to an individual whose property assets got seized by the Enforcement Directorate. The authorities suspected him of replacing old demonetized currency notes amounting to ₹36.17 crores. The Gujarat High Court asserted that the property confiscated by the authorities was bought by the man before he was booked under PLMA (Prevention […]
RBI and the Indian government have always been belligerent towards each other. However, this is the first time a senior government official has accused Rajan, the former governor of the Reserve Bank of India, of favoring developed nations by keeping interest rates low. The government has sought an investigation into the RBI’s true motivations for […]
On Monday, Adani Power’s stock hit the all-time-high of ₹220.8 on the bourses. It started at ₹207 on the National Stock Exchange (NSE) with the hope that increased demand leads to an increase in the company’s profit The sky-high shares touched a 52-week highest of ₹220.8 per share. At 2:43 PM, they were trading at […]
Gujarat metro rail corporation’s annual report, presented in the Gujarat Assembly on March 3, showed the income earned by the company in 2020-21 was ₹4.42 lakh. As compared to last year, the revenue generated this year was six times less. According to the report, just 130 passengers used the Ahmedabad metro in 2021-22, a significant […]
As the new financial year ushers in on April 1, all eyes are looking for the effects the budget provisions shall have on their personal or business finance. This year is no different. Checking the budget for 2022, let us try to point out the important rules which shall affect our lives in the financial […]
