BUSINESS
India emerging as alternative supply source, says Hardeep Puri
Addressing the annual meeting of industry chamber PHDCCI, Puri said that with the transition witnessed by energy sector in recent years, India is simultaneously pursuing both traditional fuel exploration and energy transition.
X has paid over Rs 166 crore to creators so far: CEO Yaccarino
The social media platform started paying creators in July for a share of the ad revenue they earned from ads served in the replies to their posts to other verified users.
India's fiscal deficit widens in April-August despite surge in tax collections
The fiscal deficit for April-August last year was Rs 5.42 lakh crore which was 32.6 per cent of the target of Rs 16.61 lakh crore for 2022-23.
Karnataka govt promulgates ordinance to impose 28% tax on online gaming
The additional tax will also be imposed on racecourses, and casinos following the consent of Governor Thawarchand Gehlot.
Nifty faces profit booking after strong start
Smaller stocks represented by Nifty Mid and small cap 100 Index outperformed the Nifty where they gained 1.08 per cent and 0.99 per cent respectively as against 0.59 per cent rise in the Nifty.
Air India acquired three brand new aircraft this week, says CEO Wilson
In his Friday letter, Wilson said that the aircraft acquired are part of the mammoth 470-aircraft order announced just a few months ago.
Licious sees flat revenue, losses narrow to Rs 528 cr in FY23
Even as the company’s revenues remained flat, its losses in FY23 narrowed to Rs 528.5 crore, still down around 38 per cent from Rs 855.6 crore in FY22, according to data accessed via market intelligence platform Tofler.
Interest rate for 5-year recurring deposit hiked to 6.7 %, rates for other key schemes kept unchanged
The Finance Ministry, which revises interest rates for small saving schemes after every quarter, announced the new rates on Friday for the period between October 1 and December 31, 2023.
Core sector growth shoots up to 14-month high in August
The expansion in August is the highest since June 2022, when it was 13.2 per cent. In July, the number stood at 8.4 per cent.
India’s forex kitty falls for 3rd week in a row
The forex kitty fell by as much as $2.3 billion during the week after having plunged by as much as $5.9 billion in the two preceding weeks.
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