BUSINESS
28% GST on online gaming, casinos & horse racing from Oct 1: CBIC chief
“We are fully prepared to bring it into effect from October 1. As per the decision taken in the last meeting of the GST council, the related notifications are under process,” the CBIC chairman told media persons.
Father of India's Green Revolution MS Swaminathan passes away at 98
The Padma Bhushan awardee, popularly known as MS Swaminathan, passed away at Chennai at the age of 98.
FIIs sold Rs 21,640 cr in cash market in Sep
Even though the market is showing resilience, the undercurrent is weak, he said, adding that the dollar index at 106.59, the US 10-year bond yield at 4.62 per cent and Brent crude above $97 are strong headwinds that can pull the market down.
India retains 40th rank in Global Innovation Index
It has been on a rising trajectory over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023.
Nifty has given highest returns in October: Report
In the last 10 years, the index has closed in the green on nine occasions with an average positive return of 2.9 per cent, highest average return observed in any calendar month, the report said.
India’s current account deficit jumps 7-fold in April-June quarter
"The widening of CAD on a quarter-on-quarter basis was primarily on account of a higher trade deficit coupled with a lower surplus in net services and decline in private transfer receipts," the RBI said.
Money laundering via illicit trade hovering at 5% of India’s GDP: FICCI study
A report released by the FICCI on Thursday based on data from international agencies states that the impact of India’s illicit financial flows works out to around 5 per cent of the country’s GDP.
X will be profitable in 2024 as advertisers return: CEO Linda Yaccarino
Speaking at the Code conference late on Wednesday, she said that since I have now immersed myself in the business, “we have a good set of eyes on what is predictable” and “what’s coming is that it looks like in early 2024, we will be turning a profit”.
Getting weaker by the day in jail, Naresh Goyal tells Mumbai court
Taking cognisance of Goyal’s grievances, the Special PMLA Judge has ordered the Arthur Road Central Jail chief medical officer to submit a status report on his health status since his remand to the jail, by Saturday. Appearing in the court via video-conferencing, Goyal, 74, contended that he was facing several health issues but the jail health authorities were not considering his medical issues nor submitting a report to the court.
Government to sell 50-year bonds for first time
This comes as a major development in the country’s financial sector as a fast-growing middle-class looks for long-term financial security and retirement planning through such investments. The new 50-year bonds, revealed in the borrowing plan released by the Reserve Bank of India on Tuesday, will add to the 30-year and 40-year tenor bonds that are being offered currently.
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