Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.
Sat, Nov 25, 2023
Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.
Thu, Oct 03, 2019
The corporate rate tax cut is a welcome move and its timing was brilliant, says Kalpana Morparia, Chairperson - South and Southeast Asia, JP Morgan & Co, during an interview with Zee Business.
Wed, Oct 02, 2019
Asia`s third-largest economy expanded by just 5% in the June quarter, its slowest pace since 2013. That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9% for the current fiscal year.
Tue, Oct 01, 2019
Auto sector: September sales numbers show revival for auto majors? Watch video to know more.
Fri, Sep 27, 2019
Though bond yields went up after the announcement of tax cuts, the Finance Minister said she was yet to take a decision on revising the borrowing limit for the second half of 2019-20.
The UNCTAD report noted that "in Asia, the two economies that were among the fastest growing in the world, China and India, are showing signs of a loss of growth momentum".
Thu, Sep 26, 2019
PM highlighted the fact that his was a pro-investment government and offered stability plus a huge market that India really was and it ability to absorb FDI in India and provide returns.
Wed, Sep 25, 2019
Agatsa, a health solutions innovator, has raised $1 million in funding from Indian Angel Network (IAN) and the Technology Development Board (TDB), Department of Science and Technology, Government of India.
Tue, Sep 24, 2019
Talking exclusively to Zee Business Digital, Jeremy Lefevre, Construction Director Asia, NG Concept (sister concern of FM Logistic) and Alexandre Amine Soufiani, Managing Director, FM Logistic India, confirmed that this warehouse, which is expected to be completed in December 2020, is part of the five-year US$ 150 million investment plan the company announced in March 2019.
Sun, Sep 22, 2019
Finance Minister Nirmala Sitharaman and Modi government gave a major boost to the Indian economy on Friday by announcing several tax incentives including a reduction in the corporate tax, a demand that was put forward by Zee Business Managing Editor Anil Singhvi.
Sat, Sep 21, 2019
PM Narendra Modi has vowed to make India a $5-trillion economy by 2025, and his government is leaving no stone unturned to make this dream come true.
Fri, Sep 20, 2019
Tourism sector is also one of the biggest creators of employment in India, and till FY 2017-18, as many as 8 crore 11 lakh people were connected to this sector, and the same has increased to about 10 crore.
The total taxation revenue loss due to the measure would be 1.45 lakh crore rupees ($20.5 billion), Sitharaman said, raising concerns that the government may not be able to meet its fiscal deficit target of 3.3% for 2019-20 at a time when tax revenue collections are already weak.
GST Council is likely to recommend tax cuts on 20-25 products on Friday but will avoid lowering rates for items that will significantly dent revenue collections, two government sources said.
Thu, Sep 19, 2019
The US Federal Reserve on Wednesday lowered interest rates by 25 basis points amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown, following a rate cut in July that was its first in more than a decade.
Wed, Sep 18, 2019
The proposals on Tuesday from Treasury, which leads CFIUS, provide more detail on how it plans to do that, with finalized rules due to take effect early next year after public consultation.
Broader impacts of the Fed`s decision to stop raising rates and start cutting them this year are already being felt across the economy. Investors anticipated that the Fed would cut further, lowering yields on bonds, and reducing mortgage rates.
Sun, Sep 15, 2019
As part of the steps taken to boost exports, India will organise annual mega shopping festivals, similar to the ones held in Dubai, to facilitate exchange between global producers and consumers, Finance Minister Nirmala Sitharaman said on Saturday.
Sat, Sep 14, 2019
Highlights of Finance Minister Nirmala Sitharaman's press briefing over 'revival of economy'
Finance Minister Nirmala Sitharaman today announced a fresh set of measures to boost exports and the housing sector.
Nirmala Sitharaman said, "Scheme for Remission of Duties or Taxes on Export Product (RoDTEP) will replace MEIS. Existing dispensation in textiles of MEIS and old RoSL (Rebate on State Levies) will continue up to December 31 this year."
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