|
|
| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
|
|
|
|
|
|
| |
|
15
Aug
|
Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025
|
|
|
18
Sep
|
Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025
|
|
|
15
Oct
|
40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
|
|
|
|
 |
|
|
|
|
| |
|
INCOME TAX
|
|
7
Aug
|
Notification No. 119/2025
(Delhi)
S.O. 3289(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 120/2025
(Delhi)
S.O. 3360(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 121/2025
(Delhi)
S.O. 3362(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 122/2025
(Delhi)
S.O. 3363(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 123/2025
(Delhi)
S.O. 3364(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 124/2025
(Delhi)
S.O. 3399(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
|
|
|
|
|
7
Aug
|
Notification No. 125/2025
(Delhi)
S.O. 3400(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
|
|
|
|
|
5
Aug
|
Notification No. 116/2025
(Delhi)
S.O. 3265(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
5
Aug
|
Notification No. 117/2025
(Delhi)
S.O. 3268(E).— In exercise of the powers conferred by sub-section (1) of section 50 of the Prohibition of Benami Property Transactions Act, 1988
|
|
|
|
|
5
Aug
|
Notification No. 118/2025
(Delhi)
S.O. 3288(E).— In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
Cooling food price rises likely reduced India retail inflation to an eight-year low of 1.76% in July, below the low end of the Reserve Bank of India's 2% to 6% tolerance band for the first time in over six years, a Reuters poll of economists showed.
Despite uneven monsoons, a strong spring harvest has help...
Read More
|
|
India-US trade talk: US President Donald Trump has put trade talks with India on ice, saying negotiations will not resume until the dispute over tariffs is resolved. Speaking at the Oval Office, Trump told ANI, “No, not until we get it resolved,” when asked if discussions could restart in light of a new 50 pe...
Read More
|
|
India’s state-owned oil refiners have stopped buying Russian crude for now, a Bloomberg report said citing people familiar with the matter. The decision has been reportedly taken after Trump announced on Wednesday that he is imposing new 25% tariff on Indian imports, blaming India’s continued purchase of oil ...
Read More
|
|
With US President Donald Trump doubling tariffs on India to 50%, the government has begun reaching out to industry with a four-pronged strategy to limit the damage to manufacturing, exports and jobs. The real problem that India will face post these tariffs is competitiveness, because all other Asian countries...
Read More
|
|
US President Donald Trump‘s 50 per cent tariffs on Indian imports – far steeper than those imposed on other Asia-Pacific countries – would severely curtail India’s ambitions to develop its manufacturing sector, Moody’s Ratings said on Friday.
US President Trump on Wednesday, Aug 6, imposed an additional 25...
Read More
|
|
Naushad Forbes, Co-Chairman, Forbes Marshall and the former president of the Confederation of Indian Industry (CII) feels India would do well if it were to turn the challenge on hand into an opportunity and use the challenge posed by the US tariff increases as a reason to hasten the drive to usher in some muc...
Read More
|
|
Trump’s 50% tariff shocker has sent the trade circles into a tizzy. Global brokerage Jefferies believes the recent escalation in trade tension between India and the US could strain Indian exports but sees potential for a long-term resolution, provided both sides navigate key political hurdles. “We remain hope...
Read More
|
|
While India is grappling with 50% extra tariff in the US, half of it for the energy-deficient country choosing to import oil from Russia, analysts have pointed out that Washington’s move is not only in violation of the relevant United Nations rules, but also smacks of discrimination.
“Other countries such ...
Read More
|
|
The proposed doubling of extra tariff on Indian goods to 50% may shave off India’s economic growth by anywhere between 40 to 100 basis points on an annualised basis, according to analysts.
The Direct Economic Fallout: Growth Projections Revised
Goldman Sachs had previously estimated a potential direct imp...
Read More
|
|
The government on Thursday held a meeting with the representatives of the textiles and chemicals industry, the sectors that will be the worst hit by the 50% additional tariffs by the US, and discussed strategies to cushion the blow through incentives and market diversification.
Credit Support and Market Di...
Read More
|
|
|
MARKET & FINANCE
|
|
|
China has reinstated value-added tax (VAT) on interest income from new bonds issued by government and financial institutions starting Friday, ending a long-standing tax break to ease growing fiscal pressure.
The Ministry of Finance announced last week that the VAT exemption would no longer apply to interes...
Read More
|
|
Foreign portfolio investors (FPIs), after being net purchasers in four consecutive months, which extended to July 10, reversed positions and net sold shares worth $3.2 billion during the rest of the month. Of the $2.9-billion net selloff in July, IT shares accounted for $2.3 billion, a staggering 80%.
“The...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
South Korea narrowly avoided steep US tariffs on Thursday after sealing a high-stakes trade deal with Washington, capping new import duties at 15 per cent, instead of the 25 per cent originally set to take effect from Friday.
As reported by The Korea Herald, in exchange, Seoul pledged a USD 350 billion inves...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
The Reserve Bank of India (RBI) has said banks must settle deposit accounts, safe deposit lockers and articles in safe custody of a deceased customer within 15 days of claim, proposing hefty penalties for non-compliance.
In a draft circular, the central bank suggested banks pay the customer’s kin the bank ...
Read More
|
|
Public sector banks (PSBs) in India have written off non-performing assets (NPAs) worth over Rs 4.48 lakh crore in the last four financial years, Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha on Wednesday, August 7.
Public sector banks (PSBs) in India have written off non-performing ass...
Read More
|
|
The new Reserve Bank of India’s (RBI) latest directives will help corporates to raise cheaper funds and gain more efficient access to capital markets. The RBI’s non-fund based credit facilities directions, 2025, particularly the provisions around partial credit enhancement (PCE), aim to improve the credit rat...
Read More
|
|
The Reserve Bank on Thursday said it has decided to grant ‘in-principle’ approval to AU Small Finance Bank for transition into a universal bank.
After getting the SFB licence in 2015, AU Financiers commenced its journey as a small finance bank in April 2017....
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
US President Donald Trump recently announced an additional 25 per cent tariffs on Indian imports, citing New Delhi's continued purchase of Russian oil. CA Nitin Kaushik said in his social media post that instead of impacting India...
Read More
|
|
Brazil's government is mulling shifting some 30 billion reais ($5.54 billion) from a fund managed by state development bank BNDES to support local firms hit by steep tariffs imposed by the U.S. on Brazilian goods, three sources fa...
Read More
|
|
President Donald Trump unexpectedly summoned reporters to the Oval Office on Thursday to present them with charts that he says show the U.S. economy is solid following a jobs report last week that raised red flags and led to the R...
Read More
|
|
The US authorities have done their part in setting red flags in the path of the international student community. Foreign nationals have now done their bit in pulling away from US colleges – what was once deemed a landmark in highe...
Read More
|
|
The number of Americans filing new applications for unemployment benefits ticked higher last week, suggesting the labour market was largely stable even though job creation is weakening and it is taking laid-off workers longer to f...
Read More
|
|
US President Donald Trump is expected to sign an executive order on Thursday aimed at expanding the scope of investments allowed in 401(k) retirement accounts, a White House official confirmed. The order would pave the way for the...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
State Bank of India Ltd on August 8 reported 12% rise in net profit at Rs 19,160 for the June quarter as compared to Rs 17,035 crore a year ago.
SBI's Q1 net profit has beat estimates as a Moneycontrol poll pegged its bottom li...
Read More
|
|
India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai.
According to an investor's presentation, the "total pending cost"...
Read More
|
|
Hindustan Petroleum (HPCL) on Thursday reported a staggering 548.4% year-on-year rise in its consolidated net profit for the first quarter of FY26, at Rs 4,110.93 crore, compared to Rs 633.94 crore in the same period last fiscal.
...
Read More
|
|
JK Tyre and Industries reported a 26.8 per cent YoY profit decline in the first quarter of FY26. The company posted a profit after tax of Rs 154.8 crore in Q1 FY26, while its PAT in Q1 FY25 stood at Rs 211.7 crore.
Further, JK...
Read More
|
|
Coca-Cola Co and the Jubilant Bhartia Group aim to boost profitability by intensifying cost-cutting measures, streamlining manufacturing operations, expanding last-mile distribution, and securing more cost-efficient supplier agree...
Read More
|
|
A step-down subsidiary of Gautam Adani-led Adani Green Energy (AGEL), Adani Renewable Energy Three, has commissioned a 50 MW solar–wind hybrid power project in Khavda, Gujarat. The company has decided to commission the plant early...
Read More
|
|
Apple’s manufacturing of iPhones in India under the government’s smartphone PLI, remains firmly on track despite President Donald Trump’s latest push for a 100% tariff on semiconductor chips imported from countries that don’t prod...
Read More
|
|
Reliance Infrastructure has received a major boost after the Supreme Court allowed its subsidiaries, BSES Yamuna Power and BSES Rajdhani Power, to recover about Rs 21,413 crore in regulatory assets over the next four years.The Del...
Read More
|
|
Apple’s manufacturing of iPhones in India under the government’s smartphone PLI, remains firmly on track despite President Donald Trump’s latest push for a 100% tariff on semiconductor chips imported from countries that don’t prod...
Read More
|
|
Life Insurance Corporation of India posted a 5.02 per cent PAT growth in the first quarter of FY26. The public sector company reported a PAT of Rs 10,986 crore in Q1 FY26. Last year, the company’s PAT stood at Rs 10,461 crore in Q...
Read More
|
|
Hindustan Petroleum Corporation, a major Indian oil and gas company, has reported a massive net profit of Rs 4,110.93 crore, compared to Rs 633.94 crore in the same quarter last year. Total income of the company stood at Rs 1,20,7...
Read More
|
|
Titan Company reported a massive profit growth of 52.5 per cent, YoY, in the first quarter of the fiscal year 2026. The Tata Group company posted a profit of Rs 1091 crore in Q1 FY26. In the corresponding period of FY25, the compa...
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 .
|
|
|
|
|
|