NEW DELHI: The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down.On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% duty on exports of onion. Besides, it is expected to notify a minimum … Read more
NEW DELHI: The country’s largest telecom player Reliance Jio has received a $2.2 billion fund support from the Swedish export credit agency to finance equipment for the 5G rollout, according to Reliance Industries’ annual report.The company has largely procured telecom gears from Swedish firm Ericsson and Finnish company Nokia to deploy its 5G network.“RJIL tied … Read more
BENGALURU: In what is likely to be a day without key state government ministers being in Karnataka, a team of 50 leaders including chief minister Siddaramaiah, deputy chief minister DK Shivakumar, senior ministers and Congress party office bearers along with senior party leaders will be heading to Delhi for a crucial meet over preparations for … Read more
NEW DELHI: Trouble continues to mount for Byju’s. A month after the firm’s investor Prosus confirmed the resignation of its representative Russell Dreisenstock from the board of the startup, the Netherlands-based technology investor on Tuesday said that the executive leadership at Byju’s regularly “disregarded” Dreisenstock’s advice and recommendations relating to strategic, operational, legal and corporate … Read more
NEW DELHI: A day after it withdrew from a $19.5 billion semiconductor joint venture with mining baron Anil Agarwal’s Vedanta Ltd, Foxconn said it plans to apply for incentives that India is offering under its semiconductor manufacturing policy.“Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem.Foxconn is working … Read more
Income Tax Return e-filing AY 2023-24: As the due date to file the income tax return for financial year 2022-23 approaches, it’s the right time for individual and salaried taxpayers to download their Form 26AS and Annual Information Statement (AIS) from the ITR e-filing portal.What is Form 26AS? What AIS? What information do these two … Read more
MUMBAI: In a move that will make lenders extremely cautious in declaring borrowers as wilful defaulters or frauds, the Reserve Bank of India (RBI) has placed the responsibility of settling such cases with the board of directors.Under its new guidelines, the RBI has also passed on the responsibility of deciding on a compromise settlement to … Read more
NEW DELHI: In the next two years Air India (AI) flyers can enjoy on-flight WiFi services sitting in redecorated wide-body aircraft. The AI will by next year start offering onboard WiFi. The process will begin with the six new wide-body Airbus A350 which will join its fleet in the coming months, AI MD-CEO Campbell Wilson … Read more
NEW DELHI: Petroleum and oil marketing companies reduced the price of commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday, sources said.A 19 kg of commercial LPG cylinder will now cost Rs 2,028 in the national capital. However, no changes have been made in the prices of the domestic LPG cylinders, … Read more
UPI charges from 1st April? Millions of people use the Unified Payments Interface (UPI) and digital walls like Paytm, Google Pay and PhonePe have become a way of life for making payments. Recently the National Payments Corporation of India (NPCI) issued a circular about interchange fees & wallet interoperability.Under the new regulatory guidelines, the Prepaid … Read more