Business
Munsif Daily delivers the latest headlines on business-related stories across India and the globe. Find in-depth information on the world’s economy, financing, stock market, initial public offerings (IPO), the banking sector, and the financial sector of India.
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Aluminium industry wants reduction in customs duty on raw material imports
Chennai: A reduction in customs duty on import of critical raw materials while a hike on the import of primary aluminium,…
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BharatPe finally gets RBI nod for online payment aggregator
New Delhi: Fintech platform BharatPe on Tuesday said it has received in-principle authorisation from the Reserve Bank of India (RBI) to…
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Walmart may have to pay $1 bn tax on PhonePe shift to India: Reports
New Delhi: PhonePe shareholders like Walmart and others may have to pay around $1 billion in taxes after the digital payments…
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TikTok owner ByteDance slashes thousands of jobs
Beijing: TikTok’s China-based owner ByteDance has laid off hundreds of workers across multiple departments, the media reported. The layoffs affected employees…
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Dec 2022 GST collections stand at Rs 1,49,507 crore: Govt
New Delhi: The GST collections for December 2022 stood at Rs 1,49,507 crore — 2.5 per cent more than Rs 1,45,867…
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LML to showcase EV Star at AutoExpo
Chennai: Two-wheeler maker LML on Monday said it will showcase its electric model ‘Star’ at the upcoming AutoExpo 2023 near Delhi,…
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Govt hikes interest rates of post office savings schemes, PPF and Sukanya Samriddhi rates unchanged
New Delhi: In good news for senior citizens and common investors, the government on Friday hiked interest rates on post office…
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Despite global recessionary headwinds, Indian economy is comfortably placed
New Delhi: Indias economy grew faster during the first half of 2022-23 than other economies, driven by strong demand and investment.…
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Indians’ overseas financial assets fell $43.9 bn in July-Sep: RBI report
New Delhi: Indian residents’ overseas financial assets saw a fall by $43.9 billion during July-September 2022 period, owing mainly due to…
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Centre receives Rs 903 cr as dividend from Indian Railway Finance Corporation
New Delhi: The Central government has received Rs 903 crore and Rs 78 crore from the Indian Railway Finance Corporation Ltd…
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Madhuri Jain Grover pays Rs 1.15 cr advance tax, still remains ‘housewife’ on Golden Dubai visa
New Delhi: Former BharatPe co-founder and managing director Ashneer Grover recently said that his wife Madhuri Jain Grover submitted Rs 1.15…
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iPhone supplier Foxconn aims to retain workers, offers $718 subsidy
Hong Kong: Apple iPhone maker Foxconn is offering a $718 subsidy to employees with an aim to retain workers at its…
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Centre holds review meeting on 12% ethanol blending with petrol for 2022-23
New Delhi: The Central government plans to achieve 12 per cent ethanol blending with petrol in 2022-23. Top officials from the…
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Gross direct tax collections up by 30% at Rs 10,93,385 cr in current fiscal
New Delhi: Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at Rs 10,93,385…
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Indians spent 11 bn minutes travelling in Uber cabs in 2022
New Delhi: Ride-hailing platform Uber in its annual analysis on Monday said that Indians spent 11 billion minutes travelling in its…
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80% of new smartphones will be 5G-enabled in India by 2023: ICEA
New Delhi: As India rides on 5G with more than 50 cities and towns now enjoying the new technology, the India…
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DGCA approves Garuda Aerospace’s Kisan drone
Chennai: The Directorate General of Civil Aviation (DGCA) has issued the Type Certification for the Kisan or farmer drones made…
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Most painful to discover that Bhavik Koladiya was among traitors: Ashneer
New Delhi: Former BharatPe co-founder and managing director Ashneer Grover has hit out hard at Co-founders Shashvat Mansukhbhai Nakrani and…
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Air India launches ‘FogCare’ initiative to minimise disruption
New Delhi: Air India on Saturday launched the new “FogCare” initiative which will take care of unforeseen circumstances, such as…
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Former ICICI Bank CEO Chanda Kochhar, husband arrested for loan fraud
New Delhi: Former ICICI Bank CEO Chanda Kochhar and her husband and businessman Deepak Kochhar were on Friday arrested by…
