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Day: August 18, 2022

Govt hikes windfall profit tax on export of diesel, ATF

Govt hikes windfall profit tax on export of diesel, ATF

August 18, 2022 0

At the third fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 […]

Wipro holds back employees’ variable pay due to pressure on margins

Wipro holds back employees’ variable pay due to pressure on margins

August 18, 2022 0

Wipro has held back variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain and investment in technology, according […]

POSOCO asks power exchanges to stop trading by 27 discoms for pending dues

POSOCO asks power exchanges to stop trading by 27 discoms for pending dues

August 18, 2022 0

Under the payment security mechanism, state utilities can be barred from trading on electricity exchanges for non-payment of dues and other charges to gencos. Business […]

Big bang privatisation of banks can be harmful: RBI article

Big bang privatisation of banks can be harmful: RBI article

August 18, 2022 0

The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion […]

Amid dwindling sales of entry cars, Maruti upgrades old warhorse Alto

Amid dwindling sales of entry cars, Maruti upgrades old warhorse Alto

August 18, 2022 0

At a time when the entry car market is under pressure, Maruti Suzuki upgraded its warhorse, the Alto, and re-introduced a 1,000cc version of the […]

Over 97 lakh domestic air passengers in July: DGCA

Over 97 lakh domestic air passengers in July: DGCA

August 18, 2022 0

Go First, SpiceJet, AirAsia India and Alliance Air carried 7.95 lakh, 7.76 lakh, 4.42 lakh, 1.12 lakh passengers, respectively, in July, the data showed. Business […]

SpiceJet, Credit Suisse AG tell SC they resolved financial dispute

SpiceJet, Credit Suisse AG tell SC they resolved financial dispute

August 18, 2022 0

The top court noted the submission and said the parties concerned were at liberty to move the high court for release of the bank guarantee. […]

Tax department seeks to make faceless assessment smoother

Tax department seeks to make faceless assessment smoother

August 18, 2022 0

From setting up review panels to giving assesses time to respond to show cause notices and establishing a parallel verification system, the income tax department […]

Samsung to boost 5G range ahead of network rollout

Samsung to boost 5G range ahead of network rollout

August 18, 2022 0

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News

Wheat production to fall by 3%, but grain output to hit new high

Wheat production to fall by 3%, but grain output to hit new high

August 18, 2022 0

Wheat production is estimated to have declined due to heatwave during its maturing phase that resulted in shrivelled grains in the north-western states of Punjab […]

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