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Category: Business Updates

Business Updates

Domestic companies raised Rs 9.8 lakh cr from mkts in FY23: SEBI

May 16, 2023By businessreputationdata

Of the total resources mobilized, equity and debt segments accounted for Rs 9.2 lakh crore of capital formation, SEBI said in its annual report for 2022-23, released on Monday.

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Business Updates

On RBI anvil: UPI to benchmark framework

May 14, 2023By businessreputationdata

RBI has proposed to launch “conversational payments” on UPI so that users can engage in conversation with an AI-powered system to initiate and complete transactions. The facility will initially be available in Hindi and English.

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Business Updates

20% TCS on remittances: Banks ready to collect the levy from Sunday

May 14, 2023By businessreputationdata

Tax will not be levied on credit card spending abroad

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Business Updates

Govt bans use of sugarcane juice/sugar syrup for ethanol making in 2023-24 supply year

May 14, 2023By businessreputationdata

The decision by the ministry comes in the backdrop of estimated fall in sugar production in 2023-24 marketing year (October-September).

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Business Updates

Meatballs in IKEA store, popcorn at PVR: Why businesses are betting on food

May 13, 2023By businessreputationdata

IKEA is not alone in generating a healthy F&B revenue stream, which is now an appetising non-core diversification for companies across various non-food sectors, including airlines, cinemas and theme park operators.

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Business Updates

Air India-Vistara merger remains on course, says Singapore Airlines

May 12, 2023By businessreputationdata

Once the merger is complete, Singapore Airlines (SIA) will have a 25.1 per cent stake in Air India

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Business Updates

SAT lifts SEBI ban on Zee Entertainment’s Punit Goenka

May 12, 2023By businessreputationdata

The SAT also asked Goenka to cooperate with the Securities and Exchange Board of India (SEBI) in the investigation. The tribunal said in the event any material comes out against Goenka during the course of investigation then SEBI can adopt appropriate procedures in accordance with law.

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Business Updates

Non-tariff barriers stymie India’s efforts to boost global trade

May 10, 2023By businessreputationdata

The key Indian exports that routinely face high NTBs are chilies, tea, basmati rice, milk, poultry, bovine meat, fish, chemicals products to the EU;, sesame seed, shrimps, Medicines, Apparels to Japan; food, meat, fish dairy and industrial products to China.

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Business Updates

Indian markets snap six-day winning streak after heavy selling in IT; Infosys top laggard

May 8, 2023By businessreputationdata

The net profit was also lower quarter-on-quarter when compared with record Rs 19,299 crore earnings in the preceding three months ended March 31.

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Business Updates

Q2 GDP number will surprise on the upside: RBI Governor

May 7, 2023By businessreputationdata

The GDP growth figure for July-September quarter will be released November 30 by the National Statistical Office (NSO). GDP growth rose to a four-quarter high of 7.8 per cent in April-June.

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