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Business Updates

FTA with UK closer, talks with Canada may happen soon: FM Nirmala Sitharaman

June 10, 2022By businessreputationdata

Speaking at the B20 Summit India 2023, FM Sitharaman said, “India has showcased an accelerated pace of economic reforms in the past nine years.”

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Business Updates

Markets climb on firm global trends, foreign fund inflows

June 8, 2022By businessreputationdata

There are many aspects to planning a sabbatical, one of which, and perhaps the most important, is to ensure that your break is financially sustainable.

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Business Updates

Markets trade with marginal gains amid weak trends in global equities

June 8, 2022By businessreputationdata

As of now, among the 11 hilly and north-eastern states, only Jammu & Kashmir is reimbursing balance 42 per cent CGST, while none of the states are reimbursing the balance 21 per cent IGST.

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Business Updates

IIP growth falls to 3-month low, rises yr-on-yr

June 8, 2022By businessreputationdata

The data released by the National Statistical Office (NSO) showed that the manufacturing sector’s output grew by 4.5 per cent in September 2023.

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Business Updates

Propelled by core income growth, ICICI Bank net profit zooms 44% in Apr-Jun

June 5, 2022By businessreputationdata

Go Airline’s resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters’ email seeking comment.

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Business Updates

Rupee slips but dollar sales by exporters limit downside

June 4, 2022By businessreputationdata

The Indian rupee was slightly weaker in early trading on Thursday as dollar sales by exporters countered worries over the jump in U.S. Treasury yields following a hawkish Federal Reserve policy, traders said.

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Business Updates

From less than 1% to over 75%, how inverter ACs are catalysing the energy-efficiency revolution

June 4, 2022By businessreputationdata

In January this year, the RBI issued a discussion paper on the introduction of the ECL framework for provisioning by banks. It said the banks will be given one year after the final guidelines are released for implementation of the expected credit loss approach for loss provisioning.

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Business Updates

GST Council to discuss on apportioning, renaming compensation cess beyond March 2026

June 2, 2022By businessreputationdata

Compensation cess was initially brought in for 5 years to make good the revenue shortfall of states following implementation of the Goods and Services Tax (GST).

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Business Updates

Vedanta to spin off four commodity companies: Report

May 31, 2022By businessreputationdata

Vedanta will spin off its metals, power, aluminium and oil and gas businesses, with an official announcement likely to come this week, reported Reuters.

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Business Updates

LIC receives penalty order of Rs 84 cr from I-T dept

May 30, 2022By businessreputationdata

Separately, general insurance player Bajaj Allianz General Insurance (BAGIC) has received a Rs 1,010 crore show cause cum demand notice from the Directorate General of GST Intelligence, Pune.

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