|
|
| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
|
|
|
|
|
|
| |
|
13
Feb
|
Greenhouses Inputs, Irrigation, Equipment and Related Industries Exhibition
|
|
|
|
 |
|
|
|
|
| |
|
CUSTOMS
|
|
17
Jan
|
Notification No. 01/2025
(Delhi)
G.S.R. 36(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962
|
|
|
|
|
17
Jan
|
Circular No. 02/2025
(Delhi)
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR)-reg.
|
|
|
|
|
16
Jan
|
Notification No. 02/2025
(Delhi)
In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 19
|
|
|
|
|
16
Jan
|
Notification No.03/2025
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
|
|
|
INCOME TAX
|
|
16
Jan
|
Notification No. 07/2025
(Delhi)
S.O. 244(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Incometax Act, 1961
|
|
|
RBI
|
|
17
Jan
|
RBI/2024-25/104
(Delhi)
Coverage of customers under the nomination facility
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
The government is likely to stay on the fiscal consolidation path and set the fiscal deficit target at 4.5 percent of the GDP in the Union Budget for 2025-26, showed a Moneycontrol poll of 13 economists.
“The fiscal deficit target for FY26 is likely to be set at 4.5 percent of GDP, entailing a reduction of...
Read More
|
|
Industry body Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday projected the Indian economy to clock a growth rate of 6.5–6.9 per cent in FY26, driven by easing inflationary pressures, a continuing thrust on capital expenditure (capex), and consumer spending gaining momentum.
“Co...
Read More
|
|
A majority of chief economists worldwide predict weaker global economic conditions in 2025, according to the latest Chief Economists Outlook by the World Economic Forum (WEF). The report highlights significant challenges on the horizon, with 56 per cent of surveyed economists expecting a downturn. Only 17 per...
Read More
|
|
India’s exports of agricultural and processed food products rose by more than 11% year-on-year to $17.77 billion during April-December of the current financial year, after the government removed most of the restrictions on rice shipments.
According to data compiled by the Directorate General of Commercial ...
Read More
|
|
President-elect Donald Trump is less than a week away from being sworn in and has promised a flurry of activity from day one.
A key policy — one that worries global investors, yet is also seen as beneficial to India — has been Trump’s promise of stinging tariffs on all imports from China.
Economists exp...
Read More
|
|
|
MARKET & FINANCE
|
|
|
8th Pay Commission salary revision: In a major relief for about 1.2 crore central government employees and retirees, the Modi government on January 16 announced the approval of the 8th Pay Commission.
On the Union Cabinet’s nod for the next pay panel, Union Minister Ashwini Vaishnaw said that PM Narendra M...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Hindenburg Research, the US investment research firm renowned for its short-selling activities, has been officially disbanded, its founder Nate Anderson announced on January 15. This firm gained notoriety in India in recent times for its reports that significantly impacted billionaire Gautam Adani and his bus...
Read More
|
|
China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake's state visit here.
...
Read More
|
|
Taiwan took another step in enhancing its key role in the production of advanced semiconductor chips used for artificial intelligence on Thursday with the inauguration of a new plant by Siliconware Precision Industries Co.
The opening ceremony for the Tan-Ke factory in the central city of Taichung was atte...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Several high-street banks are contemplating moving the Supreme Court to overcome a hurdle that has recently come in the way of lending against properties.
A ruling by the apex court last month has barred lenders from giving loans where properties kept as collateral do not have completion and occupancy cert...
Read More
|
|
Axis Bank on Thursday reported a lower-than-expected rise in its quarterly profit as the loan growth slowed and it set aside more funds against potential bad loans. The standalone net profit, excluding earnings of its subsidiaries, rose 3.8% to Rs 6,303.77 crore for the quarter ended December, compared with R...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
The UK economy returned to growth for the first time in three months, but the expansion was less than expected.
The 0.1% uptick in November was driven by trade for pubs, restaurants and the construction industry, after it shran...
Read More
|
|
Northern Ireland's economy grew strongly in the third quarter of 2024, the latest official data suggests.
The economy expanded by 1.3% compared to the second quarter and by 3% compared to the same period in 2023.
Most of tha...
Read More
|
|
Ukraine's gross domestic product growth is expected to slow to 2.7% this year from probably around 3.6% in 2024, a deputy economy minister said on Thursday.
Andrii Teliupa told a round table that the government would continue i...
Read More
|
|
Egypt's current account deficit more than doubled to $5.9 billion in July-September 2024, compared with $2.8 billion in the year-ago quarter, as Suez Canal revenues remain depressed, the central bank said on Thursday.
Suez Cana...
Read More
|
|
Japan's core consumer inflation likely accelerated in December, boosted by higher energy costs, while the Bank of Japan is seen raising rates next week, a Reuters poll showed on Friday.
The core consumer price index (CPI), whic...
Read More
|
|
China’s economy hit the government’s growth goal last year, after an 11th hour stimulus blitz combined with an export push before looming US tariffs turbocharged activity in the final quarter.
Gross domestic product rose 5% in ...
Read More
|
|
The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by 0.3 percentage point if America's trading partners retaliate with tariffs of the...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Infosys Ltd, India’s second largest IT services firm, on Thursday reported a 11.4 per cent year-on-year rise in net profit at Rs 6,806 crore for the December quarter (Q3) of FY25 as against Rs 6,106 crore in the same quarter of la...
Read More
|
|
Reliance Industries has projected a turnover of over Rs 1,000 crore for each of its fast-moving consumer goods (FMCG) brands, Campa and Independence, in FY25 as part of its aggressive push into the consumer goods sector, the congl...
Read More
|
|
LTIMindtree's revenue grew 5.6% year-on-year in constant currency in the Dec quarter and 1.8% sequentially. Its operating margin dropped to 13.8% from 15.5% in the September quarter. LTIMindtree added 2,362 employees during the De...
Read More
|
|
Reliance Retail’s net profit in October-December rose 10.1 per cent to Rs 3,485 crore over the same quarter in the previous year while its earnings before interest, tax, depreciation and amortisation from operations increased 9.8 ...
Read More
|
|
Beating analyst estimates, oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Thursday reported a 7.4 per cent year-on-year (Y-o-Y) increase in its consolidated profit (attributable to the owners) to Rs 18,540 crore for ...
Read More
|
|
IT major Infosys Ltd on Thursday revised its FY25 revenue guidance to 4.5- 5.0 per cent in constant currency from an earlier 3.75-4.5 per cent. It, however, maintained an operating margin of 20- 22 per cent.
Earlier, brokerage ...
Read More
|
|
Jio Platforms, the parent company of telecom operator Reliance Jio, on Thursday reported a 4.9% quarter-on-quarter (QoQ) growth in its net profit to Rs 6,861 crore for the October-December quarter.
Consolidated revenue from ope...
Read More
|
|
Tata Sons remains an upper-layer non-banking financial company (NBFC-UL), the Reserve Bank of India (RBI) said on Thursday, adding that the company’s deregistration application is currently under review.
“Inclusion of Tata Sons...
Read More
|
|
|
|
|
|
|
GST
|
|
|
Now a Goods and Service Tax (GST) proper officer can't arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the 'grounds of arrest' and also obtain a written acknowledgement from them about the...
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
|
|
|
|
|
|