BUSINESS
32 brokers have been declared defaulters by NSE in last 5 years
Market regulator SEBI, along with the exchanges, conducts regular inspection of brokers based on certain criteria and takes action as per its regulations and bye-laws of the Exchanges, Minister of State for Finance, Pankaj Chaudhary told the Lok Sabha in a written reply.
Vaccine tycoon Poonawala longing for 8 years to occupy his 'palatial' Mumbai home
As per certain media reports, Poonawala, 81, the Chairman of Serum Institute of India Ltd (SII) had bought the property from the US Government, which was running its Mumbai Consulate there till 2011. The US government had purchased it in 1957 on a 999-year lease from the last ruler of Wankaner, Maharana Raj Shri Pratapsinhji Saheb of the Jhala Dynasty.
Gross direct tax collections for 2022-23 rise 20% to Rs 19.68L cr
Direct tax collections (provisional) for 2022-23 have exceeded the revised estimates by 0.69 per cent. The budget estimates (BE) for direct tax revenue in the Union Budget for 2022-23 were fixed at Rs 14.20 lakh crore, which were revised to Rs 16.50 lakh crore. The provisional direct tax collections (net of the refunds) have exceeded the budget estimates by 16.97 per cent and revised estimates by 0.69 per cent.
Air India introduces new in-flight F&B menu for international flights, includes premium brands of spirits
Air India's First and Business Class customers who follow the vegan lifestyle will now be able to choose from a selection of plant-based meal options. Moreover, the airline's bar menu now features a range of premium brands of spirits as well as a new wine list that includes French and Italian wines.
Parliament passes Competition Amendment Bill
The bill proposes to expand the scope of cartel prosecution by bringing hybrid anti-competitive agreements (such as hub and spoke cartels) within its ambit to enable the Competition Commission of India to treat cartel facilitators (who actively participated) at par with the cartel participants.
Swiggy CTO moves on to start his entrepreneurial venture
In a statement to IANS, Swiggy said that Vaz will continue in his role till May and will be associated with the company for an extended period in an advisory role. "Madhusudan Rao will take over as CTO. Madhu has been with Swiggy for over four years and has decades of tech leadership experience with a proven track record of understanding what our customers need," the company said.
Value of assets seized in searches by Income Tax Department records rise
As per the data by the Ministry of Finance, the value of assets seized during the year 2021-22 was Rs 880.83 crore which increased to Rs 1,159.59 crore in the year 2021-22 and to Rs 1,533.23 crore in the year 2022-23 (till January 2023, provisional figures), Minister of State for Finance, Pankaj Chaudhary told the Lok Sabha in a reply.
AI a serious threat to several programming jobs: Zoho's Sridhar Vembu
Referring to the conversational AI platforms like ChatGPT and others, Vembu said that he has been saying internally for the past 4-5 years that "ChatGPT, GPT4, and other AI being created today will first affect the jobs of many programmers". Although there are positive uses of AI, he believes the complexity and depth of this technology are a concern.
PSBs transfer Rs 35,012 cr unclaimed deposits to RBI; SBI tops list with Rs 8,086 cr
Among the PSBs, SBI tops the list with an unclaimed amount of Rs 8,086 crore, while Punjab National Bank has Rs 5,340 crore and Canara Bank has Rs 4,558 crore. According to a written reply by the Minister of State, Finance, Bhagwat Karad in Lok Sabha on Monday, SBI has informed that it assists the family of the deceased in settling all cases of claims. "Settlement of account(s) of deceased constituent are taken up on priority by SBI.
Acuite Ratings revises downward India's BoP for FY23 to $17billion
In a research report, Acuite Ratings said India's current account deficit narrowed significantly to $18.2 billion (2.2 per cent of gross domestic product-GDP) in Q3 FY23 from $30.9 billion in Q2 FY23 (3.7 per cent of GDP).
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