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Category: Business Updates

Business Updates

Tata Motors total global sales fall marginally to 78,010 units in August

November 30, 2023By businessreputationdata

Total domestic sales were also marginally lower at 76,261 units as against 76,479 units in the year-ago month, Tata Motors said in a regulatory filing.

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Business Updates

Airtel to seek reversal of Rs 24.9 lakh penalty order received under CGST Act

November 29, 2023By businessreputationdata

The violation pertains to alleged irregular input tax credit claim from 2017-18 to 2021-22 and other related matters, Airtel said in a BSE filing.

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Business Updates

Akasa Air ‘well capitalised’, can grow much faster: CEO Vinay Dube

November 28, 2023By businessreputationdata

The initial share sale will be open for public subscription during July 17-19. The bidding for anchor investors will open on July 14, according to the company.

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Business Updates

Maruti approves issue of shares to parent Suzuki Motor for 100% stake in Gujarat plant

November 28, 2023By businessreputationdata

Post such acquisition, Suzuki Motor Gujarat (SMG) will become a wholly-owned subsidiary of the company, Maruti Suzuki India (MSI) said in a regulatory filing.

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Business Updates

Stock markets rally for 3rd day on firm trend in Asian equities, buying in HDFC Bank

November 28, 2023By businessreputationdata

Power, utilities, banking, oil and gas and commodities shares attracted buying while IT and teck shares succumbed to selling.

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Business Updates

Sebi comes out with guidelines for exchanges’ MDs, CEOs to boost cyber security

November 26, 2023By businessreputationdata

The new framework will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.

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Business Updates

RBI Governor on higher risk weights: ‘We don’t wait for house to catch fire to act’

November 24, 2023By businessreputationdata

“We do not wait for the house to catch fire and then act. Prudence at all times should be the guiding philosophy, both for the regulators and the regulated entities,” Das told reporters after announcing the monetary policy.

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Business Updates

Investors will continue to trade through SGX in relaunched Nifty in GIFT City

November 24, 2023By businessreputationdata

China’s factory activity declined for a third straight month in June and weakness in other sectors deepened, official surveys showed on Friday.

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Business Updates

CBDT prescribes rules to calculate income from life insurance where premium exceeds Rs 5 lakh

November 22, 2023By businessreputationdata

The CBDT has notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing rule 11UACA for calculating income with respect to sum received upon maturity of life insurance policies wherein the amount of premiums exceed Rs 5 lakh and such policy/policies are issued on or after April 1, 2023.

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Business Updates

RBI mostly refrained from acting on high tomato, veg prices: Report

November 21, 2023By businessreputationdata

Although its (tomato) weight in CPI inflation is only 0.6, this increase is likely to add 120 bps to headline. Tomato, onion and potato together account for only 2.2% of headline CPI inflation but contribute nearly 50% to the variance in headline inflation, the report said.

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