BUSINESS
India's Equity Markets Reach $5.29 Trillion Market Cap, Becoming the 4th Largest Globally
Benchmark indices Nifty and Sensex scaled to record peaks of 26,277.35 and 85,978.25 respectively, in this calendar year, as per a report from Pantomath Group, leading financial services conglomerate.
Not Just India: US, China, and Canada Also Fine Deloitte for Violating Audit Standards
In the last five years, many other countries including the US, China and Canada fined Deloitte for ignoring audit standards.
VC Funding in China Falls 22.5% in Jan-Nov, While India Sees Significant Surge
According to a report by GlobalData, a leading data and analytics company, on Thursday, a total of 2,313 VC funding deals were announced in China during January-November 2024 while the total disclosed funding value of those deals stood at $32.3 billion.
India Sees 18.89 Million International Tourist Arrivals in 2023, Forex Earnings Exceed Rs 2.31 Lakh Crore: Centre
According to data released by the Ministry of Tourism, Foreign tourist arrivals (FTAs) in India during 2023 were 9.52 million and domestic tourist visits (DTVs) were 2,509 million.
NRI Remittances Reach Record $11.9 Billion in April-October, Says RBI
The total outstanding NRI deposits as of October 2024 has now increased to $162.7 billion as compared to $143.5 billion during the same period last year.
India's Domestic Air Traffic Sees Double-Digit Growth in November
IndiGo remained the market leader, with a share of 63.6% in air traffic; Air India stood at the second position with 24.4%, followed by Akasa Air at 4.7% and SpiceJet at 3.1%. The market share of Alliance Air remained constant at 0.7% during the month.
India Now Boasts 1,57,066 Recognised Startups, 73,000 with at Least One Woman Director: Centre
The country has emerged to be one of the world's most vibrant startup ecosystems, which makes it the world's third largest startup hub. With over 100 unicorns, the Indian startup landscape is shaping the future of innovation and entrepreneurship.
EPFO Adds 13.41 Lakh Net Members as Employment Sees Growth
The EPFO enrolled around 7.50 lakh new members in October out of which a significant 58.49 per cent were in the young 18-25 age group. The net number for this dominant age group is 5.43 lakhs.
Starbucks Strike to Expand to Over 300 US Stores on Christmas Eve, Union Announces
In all, 5,000 Starbucks employees will go on strike in more than 25 states on Tuesday, from Maryland to Montana to California, Workers United said.
Popcorn at Movie Theatres to Attract 5% GST
On the other hand, if popcorn is clubbed together and sold with a cinema ticket, the supply will be treated as a composite supply and taxed according to the applicable rate of the principal supply, which in this case is the ticket.
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