|
|
| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
|
|
|
| |
|
INCOME TAX
|
|
15
Apr
|
Notification No. 38/2024
(Delhi)
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
|
|
|
|
|
 |
|
|
|
|
|
|
|
LIVE MARKET
|
|
NSE (NIFTY)
|
0
|
|
BSE (SENSEX)
|
0
|
|
NASDAQ
|
0
|
|
FTSE 100
|
0
|
|
|
USD
|
0
|
|
EURO
|
0
|
|
GBP
|
0
|
|
GOLD
|
0
|
|
SILVER
|
0
|
|
INDIAN ECONOMY
|
|
|
With March Consumer Price Index (CPI) based retail inflation eased to a five-month low of 4.85 per cent mainly due to cooling food prices, experts and economists estimated FY25 inflation to average 4.5 per cent. “Taking the data and early price indicators for April into account, we are tracking CPI inflation ...
Read More
|
|
The actual fiscal deficit of states for the financial year 2023-24 (FY24) is expected to be closer to the original budgeted estimate of 3.1 per cent of the Gross Domestic Product (GDP) instead of the revised estimate of 3.5 per cent, with both revenue and expenditure showing a lower growth than estimated, an ...
Read More
|
|
Capital markets signed off FY24 with a stellar 29%/60%/70% returns for the Nifty, Nifty Midcap 100 and Nifty Smallcap 100, respectively. India’s market cap reached $4.4 trillion, making it the fifth largest in the world.
...
Read More
|
|
India's wholesale price index-based inflation accelerated to 0.53 per cent in March on an annual basis, its highest level in three months, as against 0.20 per cent in February, data from the Commerce Ministry on Monday showed.
...
Read More
|
|
Exporters are in a wait-and-watch mode as they expect air freight volume to Europe to rise 10-15%, logistics and insurance costs to rise and engineering exports demand to Europe to get impacted following Iran's attack on Israel. Already, the unfolding crisis in the Red Sea region is leading to shifting of lar...
Read More
|
|
|
MARKET & FINANCE
|
|
|
IT bellwether Tata Consultancy Services (TCS) has been recording a fall in attrition from the previous sequential quarters, with it reaching a comfortable level of 12.5% in the fourth quarter. Going forward, the Tata Group company expects attrition to further fall by 30-50 basis points. The firm intends to hi...
Read More
|
|
Benchmark indices had their worst day in nearly a month on Friday, after hitting fresh lifetime highs in the previous two sessions, as foreign institutional investors (FIIs) turned net sellers in the market.
What seemed to have spooked them is the uncertainty over the rate cut by the Federal Reserve post l...
Read More
|
|
Foreign investors have infused over Rs 13,300 crore in Indian equities in the first two weeks of the month owing to a resilient domestic economy with promising growth prospects.
Going ahead, concerns over changes in India-Mauritius tax treaty will weigh on Foreign Portfolio Investor (FPI) inflows in the near...
Read More
|
|
Bitcoin struggled for traction after sinking the most in more than a year, part of a wider tumble in cryptocurrency markets as escalating geopolitical tension in the Middle East spurred risk aversion.
The largest cryptocurrency slid 7.7% on Saturday, the biggest such retreat since March 2023. The token pared...
Read More
|
|
LIC has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by the Hindenburg report.
The value of LIC's investment in seven Adani group companies has soared from Rs 38,471 crore as on March 31...
Read More
|
|
India’s ability to turn its economic expansion into corporate profits makes it a better prospect for investors than Japan or China, according to the latest Bloomberg Markets Live Pulse survey.
The powerful rallies in Indian and Japanese equities as China’s market has slumped have reset Asia’s financial-marke...
Read More
|
|
For enthusiasts of Bitcoin, a once-every-four-years software update called the "halving" has long been held as one of the keys to propping up its value. This time around, it's also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency's smooth functioni...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Domestic contract manufacturer Dixon Technologies on Friday partnered with Dassault Systemes to streamline its manufacturing processes, enhance quality control and improve production output.
Dixon will access technology solutions from Dassault such as DELMIA Apriso applications as part of the partnership. ...
Read More
|
|
Apple saw a significant decline in global iPhone shipments in the first quarter of 2024, dropping by nearly 10 percent compared to the same period last year, according to a report from the International Data Corporation (IDC). Cupertino shipped 50.1 million units, down from 55.4 million in the previous year, ...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
In a bid to check the incidence of BoB World app scams and other such financial frauds, the finance ministry makes a case for an enhanced KYC procedure and extensive due diligence by banks and financial institutions for onboarding merchants to safeguard customers against cyber risks, sources said.
Appropri...
Read More
|
|
Co-lending to personal loans will fall this year, data from CRISIL and some NBFCs executives show. RBI's changing risk weights on personal and consumption loans is forcing NBFCs and banks to look at MSMEs
...
Read More
|
|
Banks are likely to see pressure on their net interest margins (NIM) in the quarter ended March 2024 on account of tight liquidity conditions and higher funding cost. However, the quarter-on-quarter (QoQ) decline in the NIM – the difference between the interest earned and the interest paid by a bank — will be...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
The People’s Bank of China will keep the rate on its medium-term lending facility unchanged at 2.5% Monday, according to all 19 analysts surveyed by Bloomberg. The central bank will also roll over the 170 billion yuan ($23.5 billi...
Read More
|
|
The State Bank of Pakistan has repaid $1 billion in Eurobonds as the cash-strapped country prepares for a new long-term bailout from the IMF to help manage its external financing needs and economic recovery, a media report said he...
Read More
|
|
The escalating trade tensions between the United States and China are once again making headlines, this time over the burgeoning sectors of green technology and electric vehicles. Treasury secretary Janet Yellen highlighted these ...
Read More
|
|
Canadian Finance Minister Chrystia Freeland will have to find ways to amp up savings or raise taxes when she delivers the budget on Tuesday, as new heavy spending plans in the run-up further risks weakening government finances, ec...
Read More
|
|
When finance ministers and central bank chiefs had met at the IMF-World Bank meeting in Marrakech in October, they had said that Israel’s attack on Gaza was unlikely to leave a major scar on the global economy, unless it spread. A...
Read More
|
|
That’s the dominant theme this year prevailing across 23 major central banks tracked by Bloomberg. All but three are seen set to reduce borrowing costs — but the pace of easing for many of them looks ever less likely to mirror the...
Read More
|
|
US economic growth that keeps motoring above its potential is emerging as a key prop for an ongoing global expansion, but spillovers from persistently high inflation and tight monetary policy in the world's largest economy could p...
Read More
|
|
A deluge of official data due Tuesday will provide a reality check on whether China’s economy has turned a corner, after a protracted post-pandemic slump. Gross domestic product likely rose 4.8% in the first quarter from a year ea...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Varun Beverages, one of the largest bottlers of PepsiCo products outside the US, on Saturday announced that it has initiated commercial production of carbonated soft drinks & energy drinks at its production facility at Gorakhpur, ...
Read More
|
|
Executed discreetly a few months ago, this agreement is noteworthy as it positions Tata Electronics as a dependable supplier for prominent global clients aiming to establish a crucial segment of their semiconductor value chain in ...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
|
|
|
|
|
Head Office :
IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India
Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281
|
|
|
|
E-Mail : imc@imcnet.org
Website : www.imcnet.org
|
|
|
|
|
|