By Ashley Coutinho The Securities and Exchange Board of India (Sebi) has shot down requests by foreign portfolio investors to exempt them from paying the GST. In a mail sent last week, Sebi has clarified that services provided to FPIs will not be considered under export of services. The export of goods or services is …
Bhavan’s S P Jain Institute of Management and Research (SPJIMR) launches the Graduate Certificate Programme in Entrepreneurship (GCPE). The programme offered by SPJIMR’s Centre for Family Business and Entrepreneurship (CFBE), aims to promote the entrepreneurial spirit among young graduates and undergraduates, according to the press release. GCPE aims to focus on nurturing a diverse skill …
Domestic stock markets return to action today after a day’s hiatus. So far this week, bulls have been in control on Dalal Street pushing benchmark indices higher. S&P BSE Sensex is currently placed at 58,853 points adding 465 points or 0.80% on Monday while NSE Nifty 50 is at 17,525, up 127 points or 0.73%. …
IT major Tech Mahindra on Wednesday posted profit for the quarter ended September 2023 at Rs 493.90 crore, down 61.6 per cent in comparison to Rs 1285.40 during the corresponding quarter of FY23, missing estimates. It posted revenue from operations at Rs 12,863.90 crore, down 2 per cent as against Rs 13,129.50 crore during the …
The rupee has come under intense selling pressure in recent weeks due to a perfect storm of global headwinds, which analysts believe will continue to pummel the Indian currency in the months ahead as well. Earlier in July, rupee tested record lows and breached the Rs 80 per US dollar level at least twice, recovering …
HDFC’s core lending franchise is currently valued at 1.3x FY24e BVPS (adjusted for the value of its subsidiaries). The lending business of HDFC generates a core RoE of 12-13%. Impediments to an improvement in the core RoE are (i) incremental loan growth being driven by the individual segment, which is a low spread business; (ii) …
As anticipation mounts for the upcoming Jabalpur North Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Jabalpur North Constituency Assembly Election 2023 that every voter should be …
LPG Prices Slashed (August 1, 2022): The price of a commercial LPG cylinder was reduced on Monday, in line with weakening international rates. The price of liquefied petroleum gas (LPG) used in commercial cylinders was cut by Rs 36 per 19-kg cylinder. Following the latest price reduction, the 19-kg commercial cylinder will now cost Rs …
At least 22 people were killed and 50 to 60 wounded on Wednesday in mass shootings at multiple locations including a bowling alley and a bar in Lewiston, Maine, NBC News reported, citing a Lewiston police source. The Lewiston Police Department on Facebook identified a person of interest in the mass shooting at the bar …
The Indian Rupee is likely to remain flat on Friday as volatility for the domestic currency will remain high following increasing tensions between China and Taiwan. Moreover, traders will also remain cautious ahead of the RBI’s monetary policy decision. USDINR pair is expected to trade within a broad range of 78.80 and 79.80. In the …