The Economic Times: Latest business, finance, markets, stocks, company news from India.
Updated: 1 hour 27 min ago
In what is set to increase the goods and services tax (GST) burden at several healthcare centres, a recent verdict by the Authority of Advance Ruling (AAR) has said that wellness packages offered by such centres will be covered under "composite supply."
In 2020, the government had expanded the scope of the equalisation levy in a bid to tax internet giants' digital advertising revenues from India to include any purchase by an Indian or India-based entity through an overseas ecommerce platform.
" There is an effort to liberalize FPI debt flows further with the introduction of the Fully Accessible Route (FAR) which places no limit on non-resident investment in specified benchmark securities" said Rabi Shankar at the Foreign Exchange Dealers’ Association of India (FEDAI) Annual Day. " The move is unambiguously towards an eventual unfettered access for non-residents into Government securities".
Vodafone’s tax demand in the tax dispute was validated under section 119, as distinct from the others and therefore a separate set of rules had to be notified. Conditions, prescribed under these rules, are akin to the ones issues earlier. The company will have 45 days to file its application to settle its tax dispute.
Anita Nariani Schulze is part of the Sindhi minority. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticised her, micromanaged her work and deprived her of bonuses, despite positive performance evaluations and significant team contributions.
But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: "We must push back on China together and show strength in unity."
Growth More than in MetrosAccording to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places are not only keen on using these apps, but also willing to pay for it.
“Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they should be willing to make the continued investment. It is an uphill race in which there will be winners and losers,” said Deloitte India CEO N Venkatram.
Shah's comments came against the backdrop of a massive row over defence minister Rajnath Singh's recent remark that V D Savarkar, a venerated Hindutva ideologue, had filed mercy petitions before the British at the advice of Mahatma Gandhi.
"I am asking our own party men, who get up every day and keep talking that the government (MVA) will fall, they keep giving dates on when the government would fall and then those from the government counters by saying that they are strong enough and will not fall. Are you both going to come out of this talk of the government falling and not falling?" Pankaja asked.
The establishment has also prepared a script to evade the demand for an early Congress organisational election and to delay it till next year by citing upcoming assembly polls and the need for a fresh membership-drive before giving a fresh term for the Congress chief and team.
He said these cos will perish in the ongoing ‘Historic Detoxification Drive’ of India Inc.
HCL Technologies continued to report lower than expected sequential revenue growth in constant currency (CC) in the September quarter for the second consecutive period. At 3.5%, the CC growth in the dollar-denominated revenue was also slower than the 4-8% growth reported by peers including Tata Consultancy Services (TCS), Infosys, and Wipro.
The popularity of these funds owes to their ability to provide exposure to new age companies working on disruptive technology such as artificial intelligence, cloud computing, block chain, and clean energy.
Soaring global commodity prices, including of key inputs such as oil, chemicals, metals, plastic and cotton, are largely responsible for this rise. The volume growth is not commensurate with this value growth, traders and industry watchers say.
This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.
Motilal Oswal Nasdaq 100, PGIM Global Equity Opportuities Fund, Edelweiss Greater China Offshore Fund and DSP World Energy Fund are among the top picks of investment advisors.
“While there is a bubble in stocks like Tesla and Netflix there are a lot of individual stock opportunities available and investors can build a portfolio of companies with good fundamentals and fair valuations,” says Vikas Gupta, Chief Investment Strategist, Omniscience Capital.
Analysts agree that HDFC Bank continues to outperform industry in terms of loan growth at 4.4 per cent QoQ and 15.4 per cent YoY. On deposit accretion as well, it is outperforming peers. Retail loan growth has picked up traction with growth of 5.5 per cent QoQ and 13 per cent YoY.
“Give your daughter only a modest quantity of gold ornaments for her wedding. Gift her a portfolio of bluechip stocks.”