Chennai: The Reserve Bank of India (RBI) on Monday announced an additional framework for invoicing, payment, and settlement of exports/imports in Indian rupees. According to the RBI, the authorised dealer banks should get the prior approval from its Foreign Exchange Department. The central bank said the measure is taken toRead More

New Delhi: Twitter Inc has a strong legal case against Elon Musk walking away from his $44 billion deal to acquire the U.S. social media company but could opt for a renegotiation or settlement instead of a long court fight, according to legal experts. Delaware courts, where the dispute betweenRead More

Financial results, macroeconomic data and foreign fund flows will be at centrestage on Dalal Street this week, after Tata Consultancy Services (TCS) — India’s largest software services exporter — kicked off the corporate earnings season last week. Globally, any wild moves in crude oil prices, a key inflation reading fromRead More

The State Goods and Services Tax (GST) Enforcement Wing of Odisha has unearthed a network of 24 fictitious firms generating fake invoices without the supply of goods and passing fake Input Tax Credit ( ITC ) to multiple beneficiaries. As per the Commissionerate of CT&GST, Odisha, 12 teams consisting ofRead More

The food ministry on Wednesday asked the oil producing companies to cut the MRP of edible oils by up to Rs 10/litre within a week. According to PTI reports, Food Secretary Sudhanshu Pandey made the announcement after a meeting with edible oil industry bodies and manufacturers to discuss reduction inRead More

Leading brokerage firm Hem Securities has given a buy rating to the stock of Action Construction Equipment Ltd. Action Construction Equipment Ltd Q4 FY22 consolidated revenues came in at ₹511 Cr, up by 11% YoY and 16.9% QoQ. Op Profit for Q4FY22 stood at ₹52 Cr, down by 8.2% YoYRead More

Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes. Similarly, unbranded but pre-packed curd, lassi, butter milk, food items, grains etc will be brought under the GST net from theRead More

Indian gold rates have revived marginally again today, after yesterday’s fall, reflecting the global trends. Today, on June 25, in India the 22-carat gold rate is quoted at around Rs. 47550/10 grams and 24-carat gold rate is quoted at around Rs. 51870/10 grams, gaining by Rs. 100 and Rs. 110,Read More

Mumbai (Maharashtra) [India], June 22 (ANI): India’s current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday. In percentage terms, the current account deficit in the fourth quarterRead More

The Central government has recommended disciplinary action against 400 Chartered Accountants (CAs) and Company Secretaries (CSs) for their alleged role in incorporating Chinese shell companies in metropolitan cities by flouting norms and rules. As per a report in Hindu, the stringent motion is amongst a sequence of measures taken byRead More