According to a report by S&P Global Ratings, increasing stability in the sector will boost earnings and strengthen credit metrics.“We believe institutions will take the opportunity to focus on much-needed earnings and balance sheet improvement. Investors will likely be willing to commit...
In the show cause notice, Hindenburg is alleged to have conspired with others to create short positions in the equity of Adani Enterprises Limited (AEL).Hindenburg and Anderson are also alleged to have spread misleading information through the Hindenburg report (dated January 24, 2023)...
New Delhi: The government has increased the windfall tax on domestically produced crude oil from Rs 3,250 per tonne to Rs 6,000 per tonne from Tuesday.This tax is levied in the form of Special Additional Excise Duty (SAED).SAED on exports of diesel, petrol and jet fuel or ATF has been...
New Delhi, The latest telecom tariff hikes announced by telecom companies may generate additional operating profits of around Rs 20,000 crore for the industry once fully absorbed, ICRA said on Friday.With improved financial metrics, the industry will have scope to undertake deleveraging as...
Ahmedabad, Pi42 cryptocurrency exchange co-founder and CEO Avinash Shekhar said on Tuesday that reducing TDS and allowing losses to be adjusted against profits would not only increase trading volumes for Indian crypto exchanges but which would also increase tax revenues as investors shift from...
New Delhi [India], Trinamool Congress on Wednesday questioned why foreign institutional investors (FIIs) were so active in business on May 31 and whether the companies conducting exit polls in the country and conducting internal surveys for institutional investors were also doing any such thing...
Railway company BNSF has had permission from the indigenous Swinomish Indian Tribal community to use tracks passing through the community's territory in Washington state since 1991, the Seattle Times reports.However, the agreement provides that a maximum of 25 wagons per day are allowed to...
New Delhi [India], CLSA (formerly known as Credit Lyonnais Securities Asia) said that after battling the government's ire and bad loan difficulties, Indian banks have found themselves in a much stronger position. Because the balance sheet and profits have grown significantly. Capital Markets and...
New Delhi: The government has reduced the windfall tax on domestically produced crude oil from Rs 5,200 to Rs 3,250 per tonne from Saturday.This tax is levied in the form of Special Additional Excise Duty (SAED). SAED on exports of diesel, petrol and jet fuel or ATF has been retained at...
Bengaluru (Karnataka) [India], Nitin Kamath, Founder and CEO of Zerodha, announced on social media platform This is evidence of the growing influence of retail investors in India's equity markets.Additionally, these investors are sitting on unrealized gains of Rs 1,00,000 crore with total...
“Equity investors @zerodhaonline have made profits of Rs 50,000 crore in the last 4+ years and are sitting on unrealized profits of Rs 1,00,000 crore on assets under management (AUM) of Rs 4,50,000 crore.“By the way, most of the AUM was added in the last four years,” he announced.On the day...
Mumbai (Maharashtra) [India], The stock market opened with a negative trend on Tuesday amid the ongoing trends of Lok Sabha elections.The downturn comes after the market hit an all-time high on Monday, with significant progress and no losses.As soon as the opening bell rang, the Sensex fell...
DUBAI: The global airline industry is projected to report higher net profits of US$30.5 billion and record revenues of nearly US$1 trillion as the sector recovers profitably from the impact of the coronavirus pandemic, IATA said on Monday. Is increasing.The number of air passengers is expected...
New Delhi: The government has reduced the windfall tax on domestically produced crude oil from Rs 5,700 to Rs 5,200 per tonne from Saturday.This tax is levied in the form of Special Additional Excise Duty (SAED).SAED has been kept 'nil' on exports of diesel, petrol and jet fuel or ATF.An...
Mumbai: Benchmark equity indices Sensex and Nifty closed lower in highly volatile trade on Tuesday, extending their losses for the third straight day as investors opted to book profits amid uncertainty ahead of the Lok Sabha election results.After fluctuating between gains and losses during...
Gilgit City [POJK], Opposition parliamentary members of the Pakistan-occupied Gilgit Baltistan (POGB) Assembly on Thursday raised their voice against the administrative malpractices of the POGB ruling party. The assembly members blamed the ruling party for selling land parcels and gas houses...
Additionally, Bitrix24 has launched a partner program, which offers partners the opportunity to earn profits up to $1000. The opening of the Bengaluru headquarters not only reflects Bitrix24's dedication towards the Indian market, but also opens doors for local companies to leverage advanced...
Under the agreement, 90 percent of the profits from these assets will be allocated to the European Peacekeeping Facility, a fund run by the European Union that provides military assistance to Ukraine. The remaining 10 percent will boost Ukraine's defense industry capabilities and reconstruction...
Prime Minister Narendra Modi praised the banks for this remarkable achievement and said that the condition of banks has improved significantly in the last 10 years, which has helped the poor, farmers and MSMEs in getting loans.In a social media post, PM Modi said: "In a remarkable turnaround...
New Delhi: The government has reduced the windfall tax on domestically produced crude oil from Rs 8,400 per tonne to Rs 5,700 per tonne from Thursday.This tax is levied in the form of Special Additional Excise Duty (SAED).SAED on exports of diesel, petrol and jet fuel or ATF has been...