Need for increase in Standard Deduction for salaried taxpayers: Anand Rathi Advisors
New Delhi, Jan 12 - Salaried individuals have not received any additional relief in the form of a standard deduction, as it has remained unchanged for all individuals, regardless of their income levels.
Draft ready, Kerala to bring in policy to emerge as AVGC-XR hub
Thiruvananthapuram, Jan 12 - Billed as a path-breaking initiative, the Kerala Government has proposed to come out with a comprehensive policy on AVGC-XR (Animation, Visual Effects, Gaming and Comics and Extended Reality), a cutting technology domain with immense potential for the state to
Cruise operator to Lakshadweep sees massive 2,500% jump in booking queries
Chennai, Jan 12 - With awareness about Lakshadweep as a tourist destination increasing among people after Prime Minister Narendra Modi's visit and derogatory remarks by three Maldivian ministers, cruise player Waterways Tourism Private Ltd is having a positive rub off effect.
FPI inflows of $ 10.1bn in Dec 2023 are highest ever recorded in a single month
New Delhi, Jan 12 - Inflows of US$ 10.1bn in December 2320 are the highest ever monthly inflows recorded in a single month, a research by Bank of Baroda said.
Markets at new highs in massive rally driven by IT heavyweights
New Delhi, Jan 12 - Indian markets soared to new heights in a powerful rally, driven by IT heavyweights, says Vinod Nair, Head of Research, Geojit Financial Services.
First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda
Chennai, Jan 12 - After a dismal start, foreign portfolio investments (FPI) flow into India picked up pace, cumulatively totaling $28.7 billion in 2023, said a report by Bank of Baroda.
Digital Connexion’s Chennai Data Center goes on stream
Chennai, Jan 12 - Digital Connexion, a three-way joint venture between Brookfield Asset Management (Brookfield), Reliance Industries Limited and Digital Realty on Friday announced the launch of its first data centre campus here.
IMF allows immediate disbursement of $700 mn to Pakistan
Islamabad, Jan 12 - The International Monetary Fund (IMF) announced that its Executive Board has completed the first review of Pakistan's economic reform program supported by the global lender's Stand-By Arrangement (SBA), allowing for an immediate disbursement of about $700 million.
Israel’s war expenses in 2023 reached $6.59 bn
Jerusalem, Jan 12 - The Israeli government's expenses for the conflict with Hamas amounted to 24.7 billion shekels ($6.59 billion) in 2023, the Finance Ministry said.
Turkey inflation picks pace, denting consumer confidence
Ankara, Jan 12 - Despite the economic revamp, inflation in Turkey remained stubbornly high, and many consumers said their living standards continue to decline.
IT stocks index jumps 5% as Infosys, TCS power market gains
New Delhi, Jan 12 - IT stocks are the top gainers on BSE after Infosys and TCS announced their quarterly results.
Oil prices rise following oil tanker hijacking in Gulf of Oman
New Delhi, Jan 11 - Tensions in the Middle Eastern shipping lanes continued to run high on Thursday amid reports of a hijacked oil tanker in the Gulf of Oman, which was boarded by masked individuals and forced to alter course toward Iran,
Rupee edges up against US dollar
Mumbai, Jan 11 - The rupee edged up by 2 paise vis-a-vis the US dollar to close at 83.01 on Thursday, making it the seventh consecutive day of gain for the Indian currency.
Vaishnaw confirms Tata Group’s semiconductor project in Gujarat
Ahmedabad, Jan 11 - Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, announced on Thursday that the Tata Group's upcoming investment in semiconductor fabrication in Gujarat is set to be substantial.
Haryana CM interacts with representatives of 10 companies from Japan, US
Gandhinagar, Jan 11 - Haryana Chief Minister Manohar Lal Khattar on Thursday held one-on-one discussions with representatives of about 10 major companies from Japan and the US, inviting them to invest in the state.
GIFT city has emerged as financial powerhouse: Sitharaman at Vibrant Gujarat Summit
Ahmedabad, Jan 11 - During the second day of the ‘Vibrant Gujarat Global Summit’, Finance Minister Nirmala Sitharaman delivered an overview of Gujarat International Finance Tec-City's (GIFT City) financial ecosystem.
Infosys closes Q3 with lower profit at Rs.6,113 crore
Chennai, Jan 11 - Software major Infosys Ltd closed the third quarter of FY24 with a consolidated net profit of Rs.6,113 crore, which is 7.2 per cent lower than what it earned for the corresponding quarter of the previous year.
Domestic markets range bound before US inflation data
New Delhi, Jan 11 - In anticipation of inflation data from the US, the Indian market exhibited range-bound trade, Vinod Nair, Head of Research, Geojit Financial Services, said.
Ruby Mills updates on pending litigations and disputes
New Delhi, Jan 11 - Ruby Mills has made a disclosure on January 5 regarding the company petition filed by Shreem Corporation Pvt. Ltd., (through its Resolution Professional), formerly known as Rajput Retail Limited (RRL) against the company concerning disputes between and the
With 4.88 mn passengers, Dec clocked max 2023 monthly traffic at Mumbai airport
Mumbai, Jan 11 - The Chhatrapati Shivaji Maharaj International Airport (CSMIA) notched its highest monthly traffic for 2023 in December when over 4.88 million passengers travelled, an official said here on Thursday.