The Reserve Bank of India is proposing new rules for identifying top non-banking finance companies. An asset size of over Rs 1 lakh crore will now determine if a company is in the upper layer. Government-owned entities will also be…
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Amid diplomatic efforts to achieve a comprehensive solution to the hostilities in West Asia, US President Donald Trump on Friday (local time) warned that the United States is prepared to launch an intense military strike on Iran using its “best…
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The Supreme Court has asked Samsung, LG, Vivo, and Oppo to respond to a customs department appeal challenging a lower 12% IGST on imported lithium-ion batteries. The department argues these batteries, with independent commercial identity, should face a 28% IGST,…
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India’s commerce ministry will launch a weekly system to monitor export-import trends and industry stress. This move addresses concerns over supply chain disruptions and rising costs impacting sectors like apparel and medical devices. Discussions involved challenges with packaging materials and…
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Nifty 50 companies are likely to report just over 3% year-on-year growth in cumulative net profit for the March quarter, sharply lower than the 9% growth seen in the December quarter.
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India’s shipping ministry has given special permission for four vessels carrying Iranian oil to dock at Sikka port. Reliance Industries requested this special one-time exemption. This move comes amid an emergency situation due to the closure of the Strait of…
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