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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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INCOME TAX
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24
Apr
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notification-39-202
(Delhi)
In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961)
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RBI
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27
Apr
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RBI/2024-25/24
(Delhi)
Master Circular - Bank Finance to Non-Banking Financial Companies (NBFCs)
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27
Apr
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RBI/2024-25/25
(Delhi)
Unauthorised foreign exchange transactions
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27
Apr
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RBI/2024-25/26
(Delhi)
Alteration in the name of "AB Bank Limited" to "AB Bank PLC" in the Second Schedule to the Reserve Bank of India Act, 1934
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27
Apr
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RBI/2024-25/27
(Delhi)
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)
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27
Apr
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RBI/2024-25/28
(Delhi)
Voluntary transition of Small Finance Banks to Universal Banks
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27
Apr
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RBI/2024-25/29
(Delhi)
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments in 01 Entry
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24
Apr
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RBI/2024-25/23
(Delhi)
Dealing in Rupee Interest Rate Derivative products - Small Finance Banks
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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0
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FTSE 100
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0
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USD
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0
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EURO
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0
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GBP
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0
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GOLD
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SILVER
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INDIAN ECONOMY
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Economic think-tank National Institute of Public Finance and Policy (NIPFP) on Friday said it has estimated India's GDP growth at 7.1 per cent for the current fiscal, using high-frequency models.
NIPFP, in a series of tweets, said the Centre is on a fiscal consolidation path through buoyancy in taxes and rev...
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Driven by high capital expenditure (capex) and investment by the government in public goods, the Indian economy is expected to register a growth rate of 7.1-7.4 per cent in the current financial year, according to the National Institute of Public Finance and Policy (NIPFP).
This is above the Reserve Bank of ...
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India's crude oil imports in March fell by 1.1 per cent from a year earlier to 20.69 million metric tonnes, government data released on Friday showed.
Data from the Petroleum Planning and Analysis Cell's (PPAC) website also showed imports of crude oil products dipped nearly 12 per cent to 3.83 million tonnes...
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MARKET & FINANCE
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The Reserve Bank on Friday said the limits for FPI investment in government securities, state development loans and corporate bonds will remain unchanged at 6 per cent, 2 per cent and 15 per cent, respectively, of outstanding stocks of securities for the current fiscal.
As of now, all investments by eligible...
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Zomato’s quick commerce arm Blinkit has surpassed its food delivery business in terms of implied value for the first time, according to Goldman Sachs. At Rs 119 per share or about $13 billion in equity value, Blinkit accounts for a higher proportion of Zomato’s sum-of-the-parts valuation than the food deliver...
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India's foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion.
As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.828 billion to USD 640.33...
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GLOBAL CORPORATE
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Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.
The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquida...
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Alphabet unit Google said on Friday it would invest $3 billion to set up a data center campus in Indiana and expand sites in Virginia.
A boom in artificial intelligence applications has increased the demand for cloud computing, prompting Big Tech firms to expand their data center capacity.
On Thursday, ...
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regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, underscoring the challenges facing regional banks a year after the collapse of three peers.
Philadelphia-based Republic First, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Depa...
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Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip.
The Pura 70 series Huawei unveiled last week sports the Kirin ...
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In a twist of fate, the countdown has begun for TikTok, the popular social media platform, to secure a new guardian in the United States (US).
President Joe Biden's endorsement of crucial legislation on Wednesday marked the end for the app in the country unless ByteDance, its Chinese overseer, arranges a sa...
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Banking
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The Reserve Bank of India (RBI) on Friday came out with guidelines for the voluntary conversion of small finance banks (SFBs) into universal banks.
The “Guidelines for ‘on-tap’ Licensing of SFBs in Private Sector”, dated December 5, 2019, provide a transition path for SFBs to become universal banks. “Such co...
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Public sector lender Bank of Maharashtra on Friday reported 45% year-on-year (y-o-y) increase in its net profit for the quarter ended March 31 at Rs 1,218 crore, driven by robust growth in core income.
In Q4FY24, the bank’s net interest income surged by 18% y-o-y to Rs 2,584 crore. Additionally, the net in...
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The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute.
The draft norms require...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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China's industrial profits fell in March and slowed gains for the quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world's second-biggest economy.
...
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Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state to seize any proceeds from criminal activities, a cabinet spokesperson said on Friday.
The new law was proposed as part of eff...
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JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation.
In an interview with The Associate...
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INDIAN CORPORATE
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India's largest carmaker Maruti Suzuki in its third phase of growth aims to sell 40 lakh cars in a year by 2031, almost doubling from current levels, said chief investor relations officer Rahul Bharti at the Q4 earnings conference...
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State-owned Indian Renewable Energy Development Agency (IREDA) said it was granted the 'Navratna' status by the Union government on April 26.
In an exchnage filing, IREDA said that the Department of Public Enterprises (DPE) has...
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In Q4 of FY24, Bajaj Finserv recorded a net profit of Rs 2,118.53 crore Vs Rs 1,768.95 crore it reported in Q4 of FY23, a jump of almost 20% on year
The non-banking lender’s net interest came in at Rs 14,649.29 crore, an incre...
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Shriram Finance’s net profit in Q4 of FY24 rose 49% to Rs 1,945.87 crore Vs Rs 1,308.31 crore it posted in the same quarter a year ago. The company’s total revenue from operations stood at Rs 9,483.71 crore in Q4 of FY24, against ...
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Maruti Suzuki reported a net profit of Rs 3,877.8 crore in Q4 of FY24, up 47.8% against Rs 2,623.6 crore it posted in the quarter ending March of FY23 due to higher sales volume, favourable commodity prices, cost reduction efforts...
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HCL Technologies on Friday posted an 8.4% drop in consolidated net profit at Rs 3,986 crore in the fourth quarter ended March. This was much below the Street estimates of Rs 4,123 crore.
The country’s third-largest IT services...
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The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from t...
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India is headed to bag investments for the country’s first display fab semiconductor unit – used for making televisions and other digital screens – with Japanese Sharp approaching the Central govt for setting up a 1,000-acres faci...
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India's ambition to become a manufacturing powerhouse as well as the world's factory has got a boost with a key project by Adani Group getting the government nod. Adani's Vizhinjam Port in Kerala has received the shipping ministry...
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COMMERCIAL LAW
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The ministry of corporate affairs (MCA) has chalked out a plan for the first 100 days of the new government to assume office after the elections.
Besides a clutch of changes to the Insolvency and Bankruptcy Code (IBC) aimed at ...
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GST
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Dear Taxpayers,
1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate.
2. Key Enhancements Include (PDF with screenshots attached):
...
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