Business
GMP, price, risk, other details
Syrma SGS Tech IPO Opens Today: Syrma SGS Technology (SSTL) IPO opens for subscription today, August 12, 2022. The Rs 840 crore public offer will be available for subscriptions till August 18. Electronic manufacturing services firm Syrma said it has raised Rs 252 crore from anchor investors ahead of its...
Delhi bars, shops closed pending excise policy extension
Even as the AAP government granted a one-month extension of the current liquor excise policy, clubs, hotels and restaurants in Delhi did not serve alcohols as the worry about the future of their liquor licenses could be seen clearly. The Delhi government on Sunday decided to extend the retail licenses for one...
Musk drops $44-b Twitter deal; board threatens action
Elon Musk has terminated the $44 billion Twitter deal, citing that the microblogging platform had failed to provide him proper information on the fake accounts on its site. The billionaire notified the decision in an US SEC filing, accusing the social media company of breaching “multiple provisions of the...
Crucial GST Council meeting underway
The GST Council, headed by the finance minister Nirmala Sitharman, is discussing several key issues at its two-day meeting which began on Tuesday. These include GST compensation to states, GST rate revisions of certain items and services, and easier compliance norms for taxpayers and others. While introducing GST in...
No wheat-like export restriction for rice immediately
India does not plan to curb rice exports as the world’s biggest exporter of the staple has sufficient stocks and local rates are lower than state-set support prices, trade and government sources said. India banned wheat exports on May 14, just days after New Delhi forecast record shipments of...
Quad initiative to monitor Indo-Pacific maritime activities
Four-nation grouping Quad on Tuesday launched a major new initiative for the Indo-Pacific that allows the partner countries to fully monitor the waters on their shores and help ensure peace and stability in the region, a move that comes amid China’s increasingly intimidatory behaviour. The announcement on the rollout...
M’rashtra, Kerala, R’sthan cut fuel VAT after central cut
Maharashtra, Rajasthan and Kerala have decreased VAT on petrol and diesel after Finance Minister Nirmala Sitharaman’s call to provide further relief to consumers following a cut in excise duty by the Centre, though some other states appeared reluctant citing their inability to take more strain on revenue. Senior Congress...
RBI to pay Rs 30,307 crore dividend to govt for FY22
Reserve Bank of India (RBI) on Friday said its board has approved a dividend payment of Rs 30,307 crore to the government for the financial ended March 2022. The board approved the transfer of Rs 30,307 crore as surplus to the central government for the accounting year 2021-22...
Another hike takes LPG price beyond Rs1,000
The price of 14.2-kg domestic liquefied petroleum gas or LPG cylinder has crossed Rs 1,000 in most of the places in India from Thursday. The oil marketing companies have increased the price of cooking gas by Rs 3.5. This was the second hike in the price of domestic cooking...
Export curbs relaxed for outbound wheat consignments
The government on Tuesday announced a relaxation on its orders restricting wheat exports. It has been decided that wherever wheat consignments have been handed over to Customs for examination and registered into their systems on or before May 13, such consignments would be allowed for export, according to an official...
