Light
Dark
A revised slab for Goods and Services Tax (GST) will come into effect from January 1. The changes were declared by the Central Board of Indirect Taxes and Customs (CBIC) on November 18. So be prepared for prices that will only get higher. Tags on clothes and footwear will increase as the GST rate on […]
Life has changed. The way we live, work, educate our children or log-in for virtual meets is happening a new way. Our means of income, investment and spends have also entered the e-commerce avenues, some with e-wallets and some with online payments. Little wonder then that the top tech trends for 2022 will be a […]
The Reserve Bank of India on Tuesday released the “Trend and Progress of Banking in India 2020-21” report. The report showcases the overall performance of the banking sector which includes co-operative banks and NBFCs- Non banking financial institutions during 2020-21 and 2021-22 so far. Main Highlights of the report: Consolidated balance sheets of scheduled commercial […]
Global Real Estate consultancy Knight Frank’s latest report ‘Affordability Index’ puts a stamp of approval to what developers and many experts have been saying about the Real Estate market of Ahmedabad with the city being declared the ‘Most Affordable’ market in the country. Knight Frank on Wednesday released its report ‘Affordability Index-Rediscovering Affordability’, for which their time […]
From January 1, a uniform goods and services tax of 12% will be imposed on man-made fibre and readymade garments even as the textile industry is worried that it will increase prices, hurt demand and cause job losses. In this light, the Confederation of All India Traders (CAIT) has declared a one day strike. In […]
The New Year will begin with more burden on the pocket. Two days from now, withdrawing money from ATMs, buying cars, clothes and footwear will become expensive. The Reserve Bank of India has allowed increase in charges on cash withdrawals after free transactions. According to the RBI, after a free transaction, the bank will be […]
The stock market ended marginally lower on Thursday. The market witnessed 1979 shares ending in green and 1309 shares which declined. The market closed at 57,806.49 down 0.16 percent. The NSE closed at 17,213.60 down 0.11 percent. Top Gainers were: No Company Name Gains(in %) 1 Paramone Concepts 20.00 2 Cybertech System 20.00 3 VMV Holidays Ltd. 20.00 4 Nureca […]
Gujarat has taken the third highest borrowing under the Emergency Credit Line Guarantee Scheme (ECLGS) after Tamil Nadu and Maharashtra – suggests the latest report of the state level bankers’ committee (SLBC). Considering the greater financial requirements to meet working capital needs of micro, small and medium enterprises, Gujarat has borrowed Rs 20,862 crore under […]
On The birth anniversary of Dhirubhai Ambani, India’s richest man and the Chaiman and Managing Director of Reliance Industries Limited Mukesh Ambani has dropped hints of giving more responsibilities to the new generations. An iconic entrepreneur Dhirubhai started Reliance from very humble beginning to make it one of India’s most successful business empires during his […]
Market watchdog SEBI on Tuesday announced a slew of changes to tighten norms for the utilization of IPO proceeds. Key Changes: Introduction of special situation funds to invest only in stressed assets was among the many changes proposed by the SEBI board. They also made amendments to various regulations like on proceedings of settlements and […]
Market continued it’s positive run on Tuesday as Sensex gained 477 points.The market witnessed gains in technology and auto shares. All sectoral indices ended on a positive note. The BSE closed at 57,897.48 points after gaining 0.83% and NSE closed at 17,233.25 after gaining 0.86% ICICI Direct said that the market is in the middle […]
Acting on multiple complaints filed by state consumers, the Department of Weights and Measures and Consumer Protection, Gujarat, has fined retail giants a penalty of Rs 25 lakhs each. The companies have been charged with fraudulent acts that are in gross violation of consumer order, as based on product catalogue/photo and/or delivery assurance. The 60 […]
Laghu Udhyog Bharati, an all India organization of the micro and small scale industries, has urged the Union Finance Minister, Nirmala Sitharaman to restore the goods and service tax (GST) rate of 5% on textile fabrics. In a letter to the Union Finance Minister, Laghu Udhyog Bharati stated that the notification has been issued with […]
Business tycoon Gautam Adani-led Adani Group is all set to start coal exports from their Carmichael mine in Australia’s Galilee Basin. It is the first coal mine in Queensland’s Galilee Basin with huge untapped coal reserves. Adani Group bought this mine in 2011 for $2 Billion. “The first shipment of high-quality coal from the Carmichael […]
From January 1, get ready to shell out more after booking a cab, buying denim of your favourite brand or even footwear irrespective of the price as the GST Council has decided to increase the GST rates in some cases and in some have introduced new measures. What is more interesting, if you call an auto-rickshaw […]
Amid rising cases of Covid variant Omicron, Sensex on Monday staged 877 points rebound and ended 295 points up, after factoring in the low mortality rate of the new variant. The market witnessed gains in Pharma, IT, finance, and realty sectors. The BSE closed at 57,420.24 points after gaining 0.52% and NSE closed at 17,086.25 […]
The Sensex and Nifty soared at their volatile best post unlock. However, the steam is now cooling down and with fears of an Omicron-pushed downward curve, investments are being re-thought. Governments across the globe are fighting the Corona on the apparent level while aggressively combatting another economic disaster on the far-reaching inherent level. Rahul Jain, […]
If you are a club member then here’s something you should take note of. Associations and club members will have to levy Goods and Services Tax (GST) on fees collected from members retrospectively from July 1, 2017. The Finance Ministry has notified January 1 as the date for implementation of the amended Section 7 of […]
Billionaire business tycoon Gautam Adani and Total of France’s joint venture- Adani Total Gas Ltd and State-owned Indian Oil Corporation (IOC) have bid for the maximum number of licenses to provide piped cooking gas to households and retail CNG to automobiles. Tenders were floated by the Petroleum and Natural Gas Regulatory Board (PNGRB) for 65 […]
As a part of Vibrant Gujarat Global Investors Summit 2021, a pre-summit with a focus on the Textile sector-‘Weaving Growth For Textiles’ will be held on December 29 in Surat. Chief Minister of Gujarat Bhupendra Patel will inaugurate the seminar. A day-long summit will see deliberations on how to provide further impetus to the textiles […]
