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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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31
Jul
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Maharashtra Startup Week 2024
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23
Sep
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Nairobi International Trade Fair (NITF) on the theme ‘Promoting Climate Smart Agriculture and Trade Initiatives for Sustainable Economic Growth’- 23rd to 29th September 2024
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CUSTOMS
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26
Jul
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Notification No. 51/2024
(Delhi)
G.S.R....(E).- In exercise of the powers conferred by sub-section (7) of section 9 and sub-section (2) of section 9B of the Customs Tariff Act, 1975
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INCOME TAX
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26
Jul
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Notification No. 94/2024
(Delhi)
S.O. 2933(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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26
Jul
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Notification No. 96/2024
(Delhi)
S.O. 2935 (E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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26
Jul
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Notification No. 95/2024
(Delhi)
S.O. 2934(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 74/2024
(Delhi)
S.O. 2850(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 75/2024
(Delhi)
S.O. 2851(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 76/2024
(Delhi)
S.O. 2852(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 77/2024
(Delhi)
S.O. 2853(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 78/2024
(Delhi)
S.O. 2854(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 79/2024
(Delhi)
S.O. 2855(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 80/2024
(Delhi)
S.O. 2856(E).––In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 81/2024
(Delhi)
S.O. 2857(E).––In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 82/2024
(Delhi)
S.O. 2858(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 83/2024
(Delhi)
S.O. 2859(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 84/2024
(Delhi)
S.O. 2860(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 85/2024
(Delhi)
S.O. 2861(E).–– ).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 86/2024
(Delhi)
S.O. 2862(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 87/2024
(Delhi)
S.O. 2880(E)— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 88/2024
(Delhi)
S.O. 2863(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 89/2024
(Delhi)
S.O. 2864(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 90/2024
(Delhi)
S.O. 2865(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 91/2024
(Delhi)
S.O. 2866(E).–– In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 92/2024
(Delhi)
S.O. 2867(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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25
Jul
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Notification No. 93/2024
(Delhi)
S.O. 2879(E).— In exercise of powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 66/2024
(Delhi)
S.O. 2842(E).––In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 67/2024
(Delhi)
S.O. 2843(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 68/2024
(Delhi)
S.O. 2844(E).–– In exercise of the powers conferred by sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 69/2024
(Delhi)
S.O. 2845(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 70/2024
(Delhi)
S.O. 2846(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 71/2024
(Delhi)
S.O. 2847(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 72/2024
(Delhi)
S.O. 2848(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of
Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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22
Jul
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Notification No. 73/2024
(Delhi)
S.O. 2849(E).––In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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RBI
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26
Jul
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RBI/2024-25/52
(Delhi)
Domestic Money Transfer – Review of Framework
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26
Jul
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RBI/2024-25/53
(Delhi)
Small Value Loans – Primary (Urban) Co-operative Banks (UCBs)
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26
Jul
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RBI/2024-25/54
(Delhi)
Bank Finance against Shares and Debentures
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LIVE MARKET
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BSE (SENSEX)
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USD
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EURO
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INDIAN ECONOMY
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Agriculture sector provides livelihood support to about 42.3% of the population of India and has a share of 18.2 per cent in the country’s GDP at current prices. As a sector, it has been buoyant, which is made evident by the average annual growth rate of 4.18% at constant prices over the last five years. It, ...
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The central government is considering moving towards pre-pandemic levels of annual bond market borrowings as one of the ways to prioritise progressively lower debt-to-GDP ratio over fiscal deficit targets, a finance ministry official said.
Finance Minister Nirmala Sitharaman in her Budget speech on July 23...
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The timeline of the government’s PSE policy, which envisaged minimum government, has been moved up, said Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management (DIPAM), when asked about the possibility of CPSE mergers to improve efficiency.
The government had announced a new pu...
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Formal employment picked up in May after a disappointing start to the year as new enrollments in the government’s social security schemes rose, according to data released on July 25.
New subscriptions to the Employees’ Provident Fund scheme rose 5.8 percent in April compared with the previous month to 984,...
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The arid Bundelkhand region in Uttar Pradesh is inching up the investment ladder with industrial projects worth Rs 8,000 crore attaining commercial production this year.
In February 2024, Prime Minister Narendra Modi — at the fourth edition of the Ground Breaking Ceremony (GBC 4.0) in Lucknow — launched proj...
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Telangana’s government unveiled a state budget of Rs 2.91 lakh crore for the fiscal year 2024-25, presented by Deputy Chief Minister and Finance Ministry In-charge Mallu Bhatti Vikramarka in the assembly. Former Chief Minister K Chandrasekhar Rao was present as the Leader of Opposition.
Telangana Budget 20...
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As Prime Minister Narendra Modi embarks on his third consecutive term, he reaffirms his commitment to continuity and stability. The inaugural Union Budget of the Modi 3.0 government, presented by our finance minister Nirmala Sitharaman, epitomises this promise. This Budget reinforces India’s ambitious journey...
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Finance secretary TV Somanathan talks about the rationale behind key decisions in the Union Budget 2024-25, and the government’s approach towards growth and equity, in an exclusive interview with KG Narendranath and Prasanta Sahu. Excerpts.
Currently, the most elastic and growing source of income in the ec...
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MARKET & FINANCE
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Foreign investors sold nearly $1 billion worth of Indian equities in the two days since the government raised taxes on derivatives trades and on capital gains from equity investments in its annual budget.
Foreign portfolio investors (FPIs) net sold shares worth 81.06 billion rupees ($968 million) on Tuesda...
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GLOBAL CORPORATE
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Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys.
The decline underscores the difficulties the U.S. tech giant faces in its third-largest market.
...
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Harley-Davidson's second-quarter profit beat Wall Street estimates, helped by strong demand for pricier Touring bikes during the summer riding season, sending the company's shares up more than 8% on Thursday.
The company's focus on its more expensive bike models to pad margins paid off as the industry grap...
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American Airlines on Thursday cut its annual profit forecast, citing its previous sales and distribution strategy that drove away corporate travelers and hit its revenue.
The Texas-based airline also highlighted an excess capacity in the domestic market that has undermined the industry's pricing power.
...
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As Abu Dhabi's ADNOC sets its sights on an 11.7 billion euro ($12.74 billion) takeover of German chemical maker Covestro in what would be the largest European acquisition by a Middle Eastern buyer in at least 16 years, it marks a recent upswing in dealmaking between the regions.
More than $24 billion in ac...
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Making leveraged bets on Nvidia is likely to get much riskier if Wall Street's tech-led selloff continues.
Exchange-traded funds (ETFs) designed to magnify the daily moves in the chipmaker's shares by as much as two times have been a popular vehicle for investors seeking to jump on the stock's meteoric ris...
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Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.
The French group's results stand out after a string of disappointing earnings updates from rivals -...
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South Korea's Hyundai Motor Co reported a record high quarterly profit and revenue for the three months ended June, beating forecasts, as favourable exchange rates and strong sales of high-margin sport utility vehicles boosted earnings.
The automaker, however, warned of an uncertain outlook due to intensi...
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Banking
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The increase in short-term and long-term equity capital gains taxes and discontinuation of indexation benefits for property sales have reduced the regulatory arbitrage that other investments held over deposits, potentially drawing more future savers to traditional banking instruments.
Bankers expect more t...
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The Reserve Bank of India (RBI) on Thursday released draft guidelines proposing banks to assign additional liquidity buffers for accounts having internet and mobile banking (IMB) facilities to stave off any risks during times of stress.
The draft guidelines follow an announcement by Governor Shaktikanta Das ...
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Amid concerns that draft guidelines on project financing could lead to additional provisioning requirements and escalation of costs if implemented, economic affairs secretary Ajay Seth said the RBI will take the right decision by taking into account the feedback from the stakeholders. The Budget proposal to a...
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Union Budget
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The Union Budget 2024 delivered a prudent balance between capital expenditure, fiscal prudence and welfarism, said Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities. As Finance Minister Nirmala Sitharaman presented the Budget FY25 on July 23, the government continued with its focus on spending ...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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The increased use of digital assets in cross-border settlements between Russia and China is easing bilateral payment issues, digital platform Qifa told Reuters, as some settlements directly through banks are taking months to clear...
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Consumer prices in Brazil rose more than expected in the month to mid-July on higher transportation costs, official data showed on Thursday, likely sealing the deal for the central bank to keep interest rates on hold at a policy m...
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Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse those increases, a Reuters poll found.
Economies in the region have...
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The number of Americans filing new applications for unemployment benefits fell more than expected last week as distortions from the weather and temporary automobile plant closures faded.
Initial claims for state unemployment be...
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Zimbabwe's 2024 budget deficit is forecast to be 1.3% of gross domestic product, Finance Minister Mthuli Ncube said on Thursday, but warned that concerns remained over the impact of a drought on finances.
The finance ministry p...
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The Russian central bank's independence is set to be tested as it prepares to hike interest rates on Friday amid growing pressure from opponents - including Russia's most influential corporate executive Igor Sechin - who says it s...
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INDIAN CORPORATE
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The finance ministry was quick to notice that some taxpayers were not including taxes withheld outside India for the purpose of calculating their total income. This, in turn, led to under reporting of income. These individuals off...
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The renewable energy arm of diversified conglomerate Adani Group – Adani Green Energy Limited (AGEL) on Thursday announced its consolidated net profit for the first quarter of FY 2025 has increased 32% to Rs 1,390 crore. The compa...
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India's largest realty firm DLF Limited on July 25 reported a 23 percent YoY jump in its net profit at Rs 646 crore for the quarter ended June 30, 2024. The company had posted a net profit of Rs 526.11 crore in the year-ago period...
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Tech Mahindra expects a year-on-year improvement in its telecom business, despite recent challenges, Mohit Joshi, Chief Executive Officer and Managing Director of Tech Mahindra said in a post-earnings conference call. For FY24, th...
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Mankind Pharma, India’s fourth largest pharmaceutical company by market share, has entered into a definitive agreement to acquire Bharat Serums and Vaccines (BSV) from Advent International for around Rs 14,000 crore ($1.67 billion...
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Adani Energy Solutions (AESL) reported a net loss attributable to the owners of the company of Rs 823 crore in the June-24 ended quarter(Q1FY25), owing to a one-time impariment of Rs 1506 crore related to its proposed divestment o...
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The Indian government will service all future bond payments for Mahanagar Telephone Nigam Ltd. as the state-owned company faces a liquidity crisis, according to a person familiar with the matter.
The loss-making firm has 426.8...
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Hinduja group flagship company Ashok Leyland posted a 6 per cent decline in consolidated net profit during Q1FY25 to Rs 509 crore.
The company had recorded a consolidated profit of Rs 544 crore during the corresponding period las...
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Canara Bank on Thursday recorded fiscal first quarter earnings with standalone profit at Rs 3,905.28 crore, up 10.5 per cent in comparison to Rs 3,534.84 crore recorded during the corresponding quarter of previous financial year, ...
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Tech Mahindra on Thursday recorded its fiscal first quarter profit at Rs 851.50 crore, up 23 per cent in comparison to Rs 692.50 crore posted during the corresponding quarter of FY24, missing estimates. It posted revenue from oper...
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Insolvency
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As Finance Minister Nirmala Sitharaman, in her Budget speech, hinted at impending changes to the Insolvency and Bankruptcy Code (IBC), industry experts suggest priorities should include extending pre-packaged insolvency to larger ...
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