BUSINESS
Last rites of slain soldier performed with full military honours in Manipur
The last rites were conducted with full military honours and were attended by the family members, a large number of villagers and officers of Army, Assam Rifles and district administration.
China woos top Western companies as foreign investment slumps
Pan Gongsheng, the Governor of People’s Bank of China (PBC) and head of the country’s foreign exchange regulator, chaired a symposium with the representatives from foreign companies, including JP Morgan, Tesla, HSBC, Deutsche Bank, BNP Paribas, Japan’s MUFG Bank, German chemical producer BASF, commodities trader Trafigura and Schneider Electric, according to a post on the websites of the PBC and the State Administration of Foreign Exchange (SAFE), CNN reported.
Rupee faces risk from rising oil prices
Although the RBI has been releasing dollars in the market to prop up the rupee this has not been able to stem the slide of the Indian currency as the country imports around 85 per cent of its crude oil requirement for which immediate payments have to be made in dollars.
Jio Financial will emerge as a disruptive force but scale buildup will take time, says report
Jio Financial is a financial powerhouse in the making, operating fintech & new-age biz. Jio Financial will transform into a NBFC-CIC. And, this will be a holding company that operates the financial services business via its consumer-facing subsidiaries.
US releases $6bn of Iran's oil revenues ahead of UN meet
The President's deal comes ahead of a UN meeting here where Biden and Iran's hardliner president will both speak, unfolding as it does, against a backdrop of nuclear tensions between the two countries.
Hero Motocorp Ltd CMD Pawan Munjal questioned by ED
Munjal has been accused by the anti-money laundering agency for sending Rs 54 crore in foreign currency abroad during the period of 2014-15 to 2018-19.
CBDT extends deadline for filing of Form 10B/10BB & Form ITR-7
The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is October 31, has been extended to November 30.
NBFCs leaning more heavily on banks to raise funds
"NBFCs, particularly NBFCs in the upper layer, have increased bank borrowings, accounting for nearly half of their total borrowings as at the end of December 2022," the bulletin states.
PSU banking stocks rally on Monday
Lower deposit-to-credit ratio, focusing more on high-yield products, and introducing technology into PUS banks would all help the sector's banks attracting more investors by boosting profitability and fostering development, says Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.
Direct tax collections at Rs 8,65,117 cr for 2023-24, rise 23.51%
The net direct tax collections of Rs 8,65,117 crore include corporate tax at Rs 4,16,217 crore (net of refund) and personal income tax (PIT), including securities transaction tax (STT), at Rs 4,47,291 crore (net of refund).
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