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Day: July 1, 2022

Three Future Group companies report payment defaults

Three Future Group companies report payment defaults

July 1, 2022 0

Three listed entities of debt-ridden Future Group — Future Enterprises, Future Consumer and Future Lifestyle Fashions — on Friday reported defaulting on their payment obligation […]

Govt slaps Rs 66,000 crore windfall tax on crude oil production

Govt slaps Rs 66,000 crore windfall tax on crude oil production

July 1, 2022 0

The government on Friday slapped an export tax on petrol and diesel after some refineries made “phenomenal profits” shipping overseas at the cost of domestic […]

Govt to review new taxes levied on crude, diesel every fortnight: FM

Govt to review new taxes levied on crude, diesel every fortnight: FM

July 1, 2022 0

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international […]

EU agrees rules to tame ‘Wild West’ crypto market

EU agrees rules to tame ‘Wild West’ crypto market

July 1, 2022 0

Crypto markets have tumbled this year, pressured by the collapse of the terraUSD stablecoin and major US crypto lender Celsius Network freezing withdrawals and transfers. […]

Gross GST collection in June stands at Rs 1.44 lakh crore: FM

Gross GST collection in June stands at Rs 1.44 lakh crore: FM

July 1, 2022 0

India celebrates July 1 as the GST Day to mark the implementation of the Goods and Services Tax (GST). GST replaced the old indirect tax […]

More pain for rupee likely on India’s trade gap, capital outflow

More pain for rupee likely on India’s trade gap, capital outflow

July 1, 2022 0

Foreign exchange reserves, which can cover about 10 months of imports, have slumped more than $50 billion from a peak in September to $587 billion […]

Govt slaps export tax on petrol, diesel; windfall tax on crude oil

Govt slaps export tax on petrol, diesel; windfall tax on crude oil

July 1, 2022 0

The government on Friday slapped an export tax on petrol, diesel and jet fuel (ATF) shipped overseas by firms like Reliance Industries Ltd, and imposed […]

Rupee weakens beyond 79 per $ to hit record low, seen falling more

Rupee weakens beyond 79 per $ to hit record low, seen falling more

July 1, 2022 0

The rupee weakened past 79 per dollar, plumbing record lows in early trade, as investors retreated from Indian share markets on Friday with the greenback […]

Commercial LPG cylinder price reduced across India. Check details here

Commercial LPG cylinder price reduced across India. Check details here

July 1, 2022 0

Oil marketing companies have reduced the price of 19kg commercial LPG by Rs 198. It will come into effect by July 1. Business News: Latest […]

Rupee, sensex see worst quarter since Covid

Rupee, sensex see worst quarter since Covid

July 1, 2022 0

Finance minister Nirmala Sitharaman has said that the Indian currency is better placed compared to its peers and the forex markets were experiencing global spillovers. […]

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