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Author: businessreputationdata

Business Updates

Diamond industry associations ask members to temporarily stop import of rough diamonds

July 31, 2022By businessreputationdata

The circular was issued jointly on Tuesday by the Gem Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse, Surat Diamond Bourse, Mumbai Diamond Merchants Association and Surat Diamond Association.

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Business Updates

Qatar wealth fund to invest Rs 8,278 crore for 0.99% in Reliance Retail

July 30, 2022By businessreputationdata

In its previous fundraising round in 2020, RRVL raised Rs 47,265 crore from multiple global investors, which took the company to a pre-money valuation of Rs 4.21 lakh crore, the release said.

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Business Updates

Direct tax-GDP ratio rose to 15-year high in FY23, tax buoyancy dipped

July 30, 2022By businessreputationdata

As per CBDT, a taxpayer is a person who either has filed a return of income for the relevant assessment year (AY) or in whose case tax has been deducted at source in the relevant financial year but the taxpayer has not filed the return of income.

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Business Updates

Jio Financial Services set for listing; allots stocks to RIL’s shareholders

July 25, 2022By businessreputationdata

Jio Financial Services Ltd (JFSL) said the equity shares allotted to the eligible shareholders of Reliance Industries Ltd (RIL) have been credited to their demat account on August 10.

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Business Updates

Rupee falls 9 paise to settle at all-time low of 83.22 against US dollar

July 25, 2022By businessreputationdata

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose by 0.09 per cent to 104.95.

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Business Updates

Zomato reports Rs 36 crore PAT in Q2 driven by strong revenue growth

July 25, 2022By businessreputationdata

Demand for online food ordering in India has grown in recent years, prompting delivery services providers such as Zomato and rival Swiggy to expand to smaller towns.

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Business Updates

Air India announces senior level appointments; appoints Klaus Goersch as COO

July 24, 2022By businessreputationdata

In the newly-created position at Air India, Klaus Goersch will oversee flight operations, engineering, ground operations, Integrated Operations Control and cabin crew functions.

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Business Updates

Oil markets in highly turbulent situation, says Minister Puri on petrol, diesel price cut

July 23, 2022By businessreputationdata

Three state-owned fuel retailers — Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 21 month in a row.

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Business Updates

India, US to explore alternate mechanism to fund renewable energy

July 22, 2022By businessreputationdata

The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate.

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Business Updates

RBI orders Bajaj Finance to stop eCOM, Insta EMI Card loans

July 22, 2022By businessreputationdata

These supervisory restrictions will be reviewed upon the rectification of the said deficiencies to the satisfaction of the RBI, it said.

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