BUSINESS
DGGI slaps Dream11, other online gaming firms tax notices totalling Rs 55,000 crore
The GST department has issued a notice exceeding Rs 25,000 crore directed towards fantasy sports platform Dream11. No official from Dream 11 was available for comment on the matter till the filing of this report.
Climate change, tech and geopolitics will shape future of business: Tata Steel CEO
Narendran pointed out that the global steel industry contributes 8 per cent of the total emissions and the governments in Europe are discussing green steel with the industry.
OYO set to report its first net profit of Rs 16 cr in Q2 FY24
In a letter to the company’s top management, seen by IANS, OYO founder Ritesh Agarwal shared that Q2 FY2024 will mark the company’s maiden profitable quarter with a projected profit after tax (PAT) of over Rs 16 crore.
Zerodha reports revenue of Rs 6,875 cr, profit at Rs 2,907 cr for FY23
In FY22, the company had reported a revenue of Rs 4,964 crore and a profit of Rs 2,094 crore.
Markets likely to remain under pressure as US bond yields at 16 year highs
Nifty traded sideways amid subdued global cues and closed flat to negative at 19669 levels. Also mounting concerns over China’s real estate sector, and FIIs offloading in domestic equities dampened the sentiments, he said.
India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers
Addressing the All India Management Association (AIMA) conference here, he further added that the competition in the market is huge.
China propels Apple’s growth in last 9 years, net sales up by 128%: Report
According to StockApps.com financial analyst Edith, "China has been a vital market for Apple, contributing significantly to the company’s global sales. The Chinese market has seen remarkable growth and challenges for Apple in the past decade".
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