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CUSTOMS
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1
May
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Notification No. 32/2024
(Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.
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1
May
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Notification No. 33/2024
(Delhi)
Regarding amendment in Notification No. 77/2023 -Cus. (N.T.) dated 20.10.2023 relating to AIRs of Duty Drawback
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30
Apr
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Notification No. 31/2024
(Delhi)
Appointment of Common Adjudicating Authority for the purpose of adjudication of finalization of Provisional Assessment in SVB case w.r.t. M/s Tyco Fire & Security India Pvt. Ltd-reg
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Exchange Rates
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3
May
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Notification No. 34/2024
(Delhi)
Exchange Rate Notification No. 34/2024-Cus (NT) dated 02.05.2024-reg.
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INCOME TAX
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3
May
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Notification No. 40/2024
(Delhi)
S.O. 1771(E).— In the exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961 (43 of 1961)
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3
May
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Notification No. 41/2024
(Delhi)
S.O. 1777(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961)
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RBI
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1
May
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RBI/2024-25/30
(Delhi)
Fair Practices Code for Lenders – Charging of Interest
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1
May
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RBI/2024-25/31
(Delhi)
Guidance Note on Operational Risk Management and Operational Resilience
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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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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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A group of eminent Indian-Americans have come together to announce a commitment of $100 million for startups towards the socio-economic development of Amritsar, the first of its kind initiative for any Indian city by the diaspora.
In collaboration with the Federation of Indian Chamber of Commerce and Industr...
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If India has to become a developed country, it must push its exports because there is only so much it can consume domestically. China's stupendous economic growth was boosted by its exports. India must focus on exports to achieve a consistent 10 per cent economic growth in the long run, Arvind Panagariya, Cha...
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India's services exports are likely climb to $900 billion- about 12.4 percent of its GDP, by 2030- Goldman Sachs said in what it called a "favourable scenario" of the economy. This will be driven by the emergence of Global Capability Centres (GCCs) while the current account deficit could also improve to avera...
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India's services exports declined 1.3 per cent in March to $30 billion while imports fell by 2.1 per cent to $16.61 billion, showed Reserve Bank data released on Thursday.
As per RBI's data on India's international trade in services, the trade surplus during March 2024 was $13.4 billion.
Both exports and im...
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The Organisation for Economic Co-operation and Development (OECD) on Thursday raised its growth forecast for India by 40 basis points to 6.6 per cent for 2024-25, holding that buoyant public investment and improved business confidence are expected to propel India’s gross domestic product (GDP) growth.
“Domes...
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MARKET & FINANCE
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The capital markets regulator Securities and Exchange Board of India (SEBI) has announced the framework for administration and supervision of research analysts (RAs) and investment advisers (IAs) by the proposed new supervisory bodies.
SEBI on April 26 notified that a recognised stock exchange may undertak...
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GLOBAL CORPORATE
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The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up enforcement spending and hiring to boost collections.
Releasing an update of its strategic operating plan for spendin...
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Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of 629 billion roubles ($6.9 billion) in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.
The results highlight the dramatic decline of Gazprom, which since the collap...
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Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing "worsening humanitarian tragedy" in the Palestinian territories.
"Export and import transactions related to Israel have been stopped, covering all products," Turkey's trade ministry said in a st...
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Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up 6 per cent in extended trade.
Apple increased its cash dividend by 4 per cent and authorized an additional program to buy back $110 billion of stoc...
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Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and wealth businesses more than compensated for additional credit losses.
The bank, which makes the bulk of its revenue and profits in Asia, saw profit at its investment ...
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Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading.
The company also said it will repurchase a further $3.5 billion of its shares over the next three months, at a similar rate to the prev...
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Huntington Ingalls reported a better-than-expected quarterly earnings on Thursday, on the back of demand for aircraft carriers, amphibious assault ships and submarines amid high geopolitical tension.
WHY IT IS IMPORTANT
Demand for submarines and aircraft carriers is surging, fueled by China's expandin...
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Moody's on Thursday beat Wall Street estimates for first-quarter profit, helped by demand for its research and analytics products.
The New York-based company recorded robust sales of its products including CreditView.
WHY IT'S IMPORTANT
With growing expectations of the U.S. avoiding a recession, inve...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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U.S. job growth probably slowed to a still-solid clip in April, with wages maintaining their steady rise, which would allay fears that the economy was stalling after activity pulled back considerably in the first quarter.
The L...
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Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said on Thursday, staying within the central bank's 1.5% to 3.5% targ...
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The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading ...
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Latin America's highest-income countries, with the exception of Argentina, will grow moderately this year and next because external demand will remain weak, the Organisation for Economic Co-operation and Development (OECD) foreca...
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Hong Kong's economic grew 2.7% in the first quarter on the year, official advance estimates showed on Thursday, driven by an increase in visitor arrivals and private consumption.
That compared with 4.3% growth in the fourth qua...
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Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts....
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U.S. worker productivity growth slowed sharply in the first quarter, resulting in a surge in labor costs, but the trend in productivity remained solid.
Nonfarm productivity, which measures hourly output per worker, increased at...
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The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the Organization for Economic Cooperation and Development.
U.K. ...
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The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports.
The trade deficit contracted 0.1% to $69.4 billion, the Commerce Department's Bureau of Economic Analysis ...
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Swiss annual inflation in April accelerated faster than expected, data from the Federal Statistics Office showed on Thursday, although economists said they still expected the Swiss National Bank to make further interest rate cuts....
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INDIAN CORPORATE
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Apple CEO Tim Cook on Friday said the company grew strong double-digit in India, clinching a new March quarter revenue record amid an "incredibly exciting market".
Describing India market as a "major focus", Cook said Apple is ...
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Six Adani Group firms have come under the Securities and Exchange Board of India (Sebi) lens and have received show-cause notices for alleged breaches in related party transactions and non-compliance with listing regulations, said...
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The Centre will consider favourably any request from Vodafone Idea for either deferring or converting adjusted gross revenue and spectrum dues into equity post September, 2025, when the current moratorium on such payments ends. Ho...
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Adani Ports and Special Economic Zone (APSEZ), largest private port operator, has posted a 76.2% rise in net profit at Rs.2,014.77 crore, but fell below Street estimates of Rs.2,266 crore.
In comparison, the Adani group company...
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Indus Towers on Wednesday said the company’s cash flow position may improve in the current financial year as it is confident of recovering its past dues from Vodafone Idea after its successful Rs 18,000-crore follow-on public offe...
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Adani Ports & SEZ reported a net profit of Rs 2,014.77 crore for the quarter ending March of FY24, a jump of 76% on year, against Rs 1,139.07 crore in the same quarter a year ago.
The company’s revenue from operations stood at...
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Adani Enterprises, the flagship firm of Adani Group, clocked a net profit of Rs 352.25 crore for the January – March period in FY24. The company saw a decline of 55% in net profit year-on-year, against Rs 780.68 crore it posted in...
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Leading FMCG player, Dabur India reported Q4 FY24 net profit of Rs 350 crore from Rs 301 crore in Q4 FY23, up 16.2% YoY. Strong execution of Power Brand strategy, increased premiumisation, and distribution footprint expansion coup...
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Bajaj Finance announced that the Reserve Bank of India (RBI) has lifted restrictions on its sanctioning and disbursal of loans via eCOM and Insta EMI Card.
The central bank had previously directed Bajaj Finance to halt these a...
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State-owned Coal India Ltd on Thursday reported a 26% rise in its consolidated net profit in the last quarter of the financial year 2023-24 at Rs 8,640.45 crore compared with Rs 6,869.46 crore in Q4FY23. On a sequential basis, how...
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GST
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Central and state GST officers will meet on Friday under the chairmanship of Revenue Secretary Sanjay Malhotra and are likely to discuss various issues like stricter registration norms to deter fake companies set up to evade taxes, sources said.
The meeting comes within days of GST collections scaling a reco...
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