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Spending in foreign exchange through international credit cards will be covered under the RBI’s liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum … Read More
PVR Pictures has been renamed as PVR INOX Pictures following the merger of PVR and Inox Leisure. The merged entity is operating 361 cinemas with 1,689 screens across 115 cities … Read More
Exodus of foreign money from the domestic market has caused a 11% decline in the value of Foreign Portfolio Investment in Indian Equities from the preceding year | The Hindu
The Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Production Linked Incentive Scheme 2.0 for IT hardware with a budgetary outlay of Rs 17,000 crore. Electronics manufacturing … Read More
India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates … Read More
Adani Ports handled rail cargo of over 120 million metric tonnes (MMT), the highest ever, in the 2022-23 financial year and generated a record revenue of Rs 14,000 crore for … Read More
Foreign funds have accelerated buying of Indian stocks, pouring in more than $1 billion in each of the past three weeks, as Asia’s fastest-growing economy is seen as a safe … Read More
Capital markets regulator Sebi on Tuesday slapped penalties totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. The regulator … Read More
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed … Read More
This is the second time that the levy has been cut to nil for domestically-produced oil. | The Hindu