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Govt ups windfall tax on crude, ONGC & OIL to take hit

Jan 2, 2024

New Delhi, Jan 2 (IANS) The government has raised the windfall tax on crude oil and reduced the tax on diesel and aviation turbine fuel. The government has hiked the windfall tax on petroleum crude oil to Rs 2,300 ($27.63) a tonne from Rs 1,300 earlier, according to the official notification.Upstream oil companies ONGC and Oil India Ltd (OIL)…

Hindustan Unilever shares down after Rs 447.5 cr GST demand

Jan 2, 2024

New Delhi, Jan 2 (IANS) Hindustan Unilever has made a disclosure regarding the Orders passed by Deputy Commissioner of Commercial Tax Officer, Bengaluru, Additional Commissioner, Central Tax and Central Excise, Kochi Commissionerate, Joint…

Business

Global premium phone market sees record sales in 2023, Apple leads

Jan 2, 2024

New Delhi, Jan 2 (IANS) The global premium smartphone market has witnessed record sales in 2023 with Apple leading the market, a new report said on Tuesday.According to Counterpoint Research, the global premium smartphone (wholesale price…

Business

37 more telecom products come under quick clearance scheme

Jan 2, 2024

New Delhi, Jan 2 (IANS) Telecommunication Engineering Centre (TEC) -- the technical arm of the Department of Telecommunications (DoT) -- has brought 37 more products under the Simplified Certification scheme (SCS) with effect from January 1…

Business

Singareni Collieries CMD transferred, N Balram gets additional charge

Jan 2, 2024

Hyderabad, Jan 2 (IANS) The Telangana Government has transferred N Sridhar, Chairman and Managing Director (CMD) of the state-owned Singareni Collieries Company Limited (SCCL) and has given Director, Finance, N Balram, IRS, full additional…

Business

China’s BYD gears up to topple Musk’s Tesla as world’s top EV maker

Jan 2, 2024

New Delhi, Jan 2 (IANS) Chinese automotive giant BYD has moved one step closer to topple Elon Musk-run Tesla as the world’s top EV manufacturer, after the Shenzhen-based company sold a record 526,000 electric vehicles in October-December…

Business

Household debt in India does not pose systemic concern: RBI

Jan 2, 2024

Mumbai, Jan 2 (IANS) Despite the recent increase in financial liabilities, household debt in India is much lower than in other emerging market economies (EME) and, therefore, the risk of defaults due to greater exposure of higher mortgage…

Business

Sensex down more than 500 points

Jan 2, 2024

New Delhi, Jan 2 (IANS) Equity benchmarks sank on Tuesday with selling emerging at higher levels.BSE Sensex was down 559 points at 71,712 as heavyweight stocks came under selling pressure.Ultratech Cement was down more than 3 per cent,…

Business

Zomato hikes platform fee to Rs 4 across key cities after bumper NY Eve

Jan 2, 2024

New Delhi, Jan 2 (IANS) Buoyed by record food orders on New Year’s Eve, food delivery platform Zomato increased its mandatory platform fee to Rs 4 from Rs 3 per order across key markets.The new rates were effective from January 1.New Year’s…

Business

Crypto firm Sinohope sees losses grow over 40%, no FTX funds in sight

Jan 2, 2024

Hong Kong, Jan 2 (IANS) Cryptocurrency firm Sinohope Technology (formerly Huobi Technology) reported more than 40 per cent loss for the first nine months of 2023, as its funds are still stuck in the collapsed crypto exchange FTX.Sinohope…

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