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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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13
Oct
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Sri Lanka Digital Investment Summit – 2023
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17
Oct
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AGRITECH Israel 2023, an international professional agriculture exhibition and conference
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18
Oct
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38th Trade Expo Indonesia (TEI) 2023 (18-22 October 2023)
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CUSTOMS
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3
Oct
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Notification No. 71/2023
(Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold, and Silver- Reg.
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3
Oct
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Circular No. 23/2023
(Delhi)
Mandatory additional qualifiers in import/export declarations in respect of certain products-reg.
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3
Oct
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Circular No. 24 /2023
(Delhi)
Implementation of Section 16 4 of IGST Act related to restriction on export of certain goods on payment of IGST and coverage under refund mechanism- reg.
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INCOME TAX
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3
Oct
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Notification No. 83/2023
(Delhi)
In exercise of the powers conferred by sub-section (5) of section 115BAE, read with section 295 of the Income-tax Act, 1961
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3
Oct
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Notification No. 84/2023
(Delhi)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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3
Oct
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Notification No. 85/2023
(Delhi)
In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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RBI
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3
Oct
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RBI/2023-24/64
(Delhi)
2000 Denomination Banknotes – Withdrawal from Circulation – Review
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LIVE MARKET
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NSE (NIFTY)
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BSE (SENSEX)
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NASDAQ
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FTSE 100
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USD
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0
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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India Inc's credit quality strengthened in the first half of the current financial year (FY24) owing to robust domestic consumption and investment-focused sectors, said ICRA in a report on Tuesday.
"Both the investment grade as well as the non-investment grade categories showed a net improvement in their c...
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States' borrowing cost jumped 10 basis points to 7.56 per cent at the first weekly debt auction of the third quarter on Tuesday and is the highest in the the past 23 weeks. Fourteen states raised Rs 22,500 crore through the issuance of state government securities in line with the indicated amount for this wee...
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India's services exports climbed 8.4% year-on-year to $28.72 billion in August, while imports fell 0.8% to $15.10 billion, provisional data by the Reserve Bank of India (RBI) showed on Tuesday.
Data released by the government last month showed services exports were $26.39 billion in August, while imports w...
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Indian households are saving less than they have for half a century. According to the Reserve Bank of India, net household savings in 2022-23 — the Indian financial year runs from April to March — were only 5.1% of gross domestic product. That’s down from 8% of GDP in 2019-20 and 11.5% in the year the pandemi...
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The finance ministry on Tuesday invited proposals for funds from various departments and ministries for inclusion in the first batch of supplementary demands for grants for FY24, asking them to be realistic and objective in their assessment of additional requirements.
In an office memorandum, the Departmen...
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Businesses' forecast of one-year-ahead headline retail inflation rose sharply to 5 percent in August from 4.56 percent in June, according to the latest Business Inflation Expectations Survey (BIES) of the Indian Institute of Management-Ahmedabad (IIM-A).
The survey, which measures inflation expectations of...
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Economists have revised their estimates for India’s current account deficit (CAD) for FY2024 after it narrowed to 1.1 per cent of the gross domestic product (GDP) in April-June quarter of the current fiscal year from 2.1 per cent in the year-ago quarter, but widened sequentially from 0.2 per cent registered i...
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The Indian economy is projected to grow at 6.3 per cent in current financial year aided by investment and domestic demand.
According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment....
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India’s manufacturing activity rose at the slowest pace in five months in September but it remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, according to the S&P Global Purchasing Managers’ Index (PMI). The Manufacturing Pu...
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The surge in illicit trade is a troubling consequence of globalisation which has casted shadow on India’s progress towards becoming a 5 trillion dollar economy, said Anurag Thakur, Minister for Information & Broadcasting and Youth Affairs & Sports, Govt of India. “Illicit trade, whether conducted through acti...
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States' borrowing cost jumped 10 basis points to 7.56 per cent at the first weekly debt auction of the third quarter on Tuesday and is the highest in the the past 23 weeks.
Fourteen states raised Rs 22,500 crore through the issuance of state government securities in line with the indicated amount for this we...
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MARKET & FINANCE
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Japan's 10-year government bond yield pulled back slightly from a 10-year peak on Tuesday after a firm auction, with the Bank of Japan (BOJ) promising to buy bonds in the next session.
But global yields are on the rise and the 10-year swap rate hit a record high, indicating strong upward pressure on JGB yi...
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The world's biggest bond markets are in the throes of another rout as a new era of higher for longer interest rates takes hold.
In the U.S. Treasury market, the bedrock of the global financial system, 10-year bond yields have shot up to 16-year highs. In Germany, they touched their highest since the 2011 e...
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GLOBAL CORPORATE
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BYD is closing in on Tesla's position as the world's largest electric vehicle (EV) seller, with the Chinese automaker gaining momentum in its global sales campaign.
Last quarter, BYD came remarkably close to surpassing Tesla in sales figures, largely due to factory downtime that led to Tesla's first delive...
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Nothing illustrates the crisis at the World Trade Organisation more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members.
Since late 2019, after the U.S. blocked the appointment of new judges to the WTO's Appellate Body due to complaints over j...
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Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.
Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to r...
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Banking
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The Organisation for Economic Co-operation and Development (OECD) on Tuesday urged India to further promote structural reforms in the financial sector by reducing government ownership of banks and insurance companies and liberalise foreign direct investment by removing remaining restrictions.
In its latest G...
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The gross bank credit deployed in August 2023 to micro, small and medium enterprises (MSMEs) under priority sector lending by scheduled commercial banks stood at Rs 21.26 lakh crore, up from Rs 20.86 lakh crore deployed in July. The August deployment was 14.2 per cent of India’s Rs 149 lakh crore non-food cre...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.
The Bank of Japan's “tankan” quarterly survey measured business...
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Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the "trade concerns" of its members.
Since late 2019, after the US blocked the ap...
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The dollar’s recent rally has been relentless. But Asia’s central banks have the firepower to limit the fallout.
Policy makers in the region have more than $5.5 trillion of foreign-exchange reserves that they can deploy to shore ...
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“Financial inclusion,” defined as individuals and businesses having access to useful and affordable financial products, has declined in the U.S., according to new industry research.
The U.S. fell to fourth place, from second, t...
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High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a range of developing economies mired in debt crises. Helping them claw out of this will be a key agenda item at the annual...
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Tesco, Britain’s biggest supermarket, upgraded its annual profit guidance on Wednesday as food inflation eased and shoppers snapped up both its low price offers and its premium “Finest” ranges.
British food prices fell in Septe...
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The interest the government pays on national debt has reached a 20-year high as the rate on 30-year bonds reaches 5.05%.
A rise in the cost of borrowing comes at a difficult time for the chancellor, Jeremy Hunt, as he prepares ...
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INDIAN CORPORATE
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State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal prod...
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Dubai-based Jumeirah Group is “considering” having hotels in India, one of the key source markets for its current portfolio of 27 luxury properties globally. While almost half of them are in the Gulf, the group’s senior leadership...
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Days after selling its stake in two of Adani group companies, Abu Dhabi conglomerate International Holding Company (IHC) on Tuesday said it has raised stake in the group’s flagship Adani Enterprises Ltd to above 5 per cent.
In ...
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Indian Oil Corporation has firmed up plans to pump in over Rs 2,600 crore in setting up several greenfield units and expanding its facilities across the northeast over the next few years, a senior company official said.The board o...
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Commercial ports operator JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said.
Speakin...
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NCC Limited on Tuesday said that it has received three orders worth Rs 4205.94 crore (excluding GST) in the month of September 2023, the company said in a regulatory filing. “Out of them, one order of Rs 819.20 crore is related to...
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L&T Construction on Tuesday said that its Transportation Infrastructure business vertical has received a large order in the range of Rs 2500 crore- Rs 5000 crore. The Dahisar Bhayander Bridge project in Mumbai was awarded to the ...
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The Union finance ministry is likely to soon invite financial bids for the strategic sale of Shipping Corporation of India (SCI) and is mulling to go ahead without waiting for the listing of its demerged entity, Shipping Corporati...
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Anil Agarwal's Vedanta Resources is in advanced discussions with JP Morgan Chase and Standard Chartered Bank to secure $3 billion, according to a report by Mint on Wednesday. The funds are intended to help the company avoid defaul...
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Debt-laden Infrastructure Leasing & Financial Services (IL&FS) has repaid debt of about Rs 35,650 crore as of September 30, marking a significant progress in its debt resolution process.
As per the earlier resolution plan, the ...
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Vedanta will complete the sale of its steel assets by March next year, its chairman Anil Agarwal said in an interview on Tuesday. The company began the review of its steel and steel raw material business — formed through the acqui...
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Considering India's promising growth potential, life science and technology firm Merck India is expanding its infrastructure in the country, recognising its significance in the global pharmaceutical industry.
Merck recently par...
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GST
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GSTN is pleased to inform you that the e-Invoice JSON download functionality is now live on the GST Portal. To help you to navigate and make the most of this feature, some key steps are as below.
2. To download the generated and received e-Invoices in JSON format, please follow these steps:...
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A spate of GST demand notices have been served on Indian companies in recent weeks in cases where overseas staff have been deputed to India.
This follows a judgment given by the Supreme Court that the salary of ‘seconded employees’ (deputed to an Indian company), which is reimbursed to the overseas entity,...
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Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance Company Limited (BAGIC) on September 29 received a show cause cum demand notice from the Directorate General of Goods and Services Tax (GST) Intelligence alleging a tax demand of Rs 1010.05 crore, the financial services company informed the exchan...
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Head Office :
IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India
Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281
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Website : www.imcnet.org
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