Govt's gross liabilities rise by 3.4% to `171.78 lakh crore at March-end: Finance Ministry

Govt's gross liabilities rise by 3.4% to `171.78 lakh crore at March-end: Finance Ministry

Saturday, 29 June 2024 | PTI | New Delhi

Total gross liabilities of the government increased to Rs 171.78 lakh crore at the end of March 2024 from Rs 166.14 lakh crore at December-end, the finance ministry has said. This represented a quarter-on-quarter increase of 3.4 per cent in the fourth quarter of 2023-24, said the public debt management quarterly...

Project to develop Film City in Noida speeds up

Friday, 28 June 2024 | PNS | New Delhi

The project to develop Noida International Film City, led by filmmaker Boney Kapoor’s Bayview Projects LLP in collaboration with Bhutani Group, on Thursday advanced significantly. After winning the bid with a promising 18 per cent revenue share offer to the Uttar Pradesh Government, Kapoor and his team have signed a concession...

Video commerce offerings gain traction, Indians spent over 2 mn hours video shopping: Flipkart

Friday, 28 June 2024 | PTI | New Delhi

Homegrown e-commerce platform Flipkart on Thursday said video as a format is rapidly gaining adoption and Indian customers have spent over 2 million hours on its video commerce offerings in the past one year. India is one of the top consumers of internet data, and with Indian consumers becoming increasingly tech-savvy...

Infosys’ CEO Parekh settles insider trading case with Sebi; pays `25 lakh

Friday, 28 June 2024 | PTI | New Delhi

IT giant Infosys’ MD and CEO Salil Parekh has settled with markets regulator Sebi a case pertaining to alleged violation of insider trading norms after paying Rs 25 lakh. He allegedly failed to put in place “adequate and effective systems” of internal control to ensure compliance for preventing insider trading, according...

Budget to accelerate pace of reforms, take many historic steps: President

Friday, 28 June 2024 | PTI | New Delhi

The first budget of the newly-formed NDA government next month will take “many historic steps” as well as accelerate the pace of economic reforms and lay a roadmap for ‘far-reaching policies’ and ‘futuristic vision’ of the government to make India the world’s third largest economy, President Droupadi Murmu said on...

Rupee rises 13 paise to close at 83.44 against US dollar

Friday, 28 June 2024 | PTI | Mumbai

The rupee appreciated 13 paise to settle at 83.44 (provisional) against the US dollar on Thursday, supported by a positive trend in equity markets and favourable domestic macroeconomic profile. Forex traders said the strength of the American currency in the overseas market and US dollar demand from oil marketing companies capped...

GST suppliers giving post sale discount have to take undertaking from clients: CBIC

Friday, 28 June 2024 | PTI | New Delhi

Suppliers giving post-sale discounts through credit notes under GST will have to ensure that the client gives an undertaking or a CA certificate stating that the ITC availed on the discount value has been reversed, the CBIC has said. Currently, there is no mechanism to track whether the Input Tax Credit...

Sensex breaches 79,000 level, Nifty 24,000 peak for 1st time

Friday, 28 June 2024 | PTI | Mumbai

Benchmark Sensex breached the historic 79,000 mark while Nifty scaled the 24,000 peak for the first time on Thursday as buying in blue-chip stocks like Infosys, Reliance and TCS helped markets extend gains to the fourth straight day and close at lifetime high levels. The 30-share BSE Sensex jumped 568.93 points...

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