Identify high-value cash transactions at hotels, hospitals: CBDT to I-T Dept
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a “non-intrusive” manner, the CBDT has asked the I-T department. The apex body for direct taxes administration in the country — the Central Board of Direct Taxes — has also asked...
-
Majority blue-collar jobs pay less than Rs 20,000 per month: Report
18 August 2024 | PTI -
Govt invites bids to empanel AI infra providers under Rs 10,372-cr India AI mission
17 August 2024 | PTI -
Bill Gates flags off 1st Indian Independence Day celebration in Seattle area, describes India as 'global leader'
17 August 2024 | PTI -
Finance ministry permits 15 securities firms to undertake Aadhaar-based verification of clients
16 August 2024 | PTI -
SBI hikes lending rate by 10 bps across tenors, raising EMIs for borrowers
16 August 2024 | PTI -
Majority of big enterprises plan to enhance spending on AI/ML by 10-30% this year
16 August 2024 | PTI -
India's medicine, antibiotics exports gaining share in US, Italian markets: Data
16 August 2024 | PTI
SBI, PNB in talks with K'taka Govt for amicable resolution of ban issue
Hit by the surprising decision by the Karnataka government to stop all transactions with them, State Bank of India and Punjab National Bank on Thursday said they are engaged with the state for an "amicable resolution" on the matter. In the first official comments after the Karnataka government decision, the state-run...
Textiles, apparel exports rise 4.73% in July on improved demand: CITI
India's textiles and apparel exports in July grew by 4.73 per cent to USD 2,937.56 million compared to the same month last year mainly driven by an increase in demand for apparels, the Confederation of Indian Textile Industry (CITI) said on Thursday. Textiles and apparel exports stood at USD 2,805.01 million...
Investment advisers, research analysts should disclose AI tool usage to clients: Sebi
Sebi has proposed that registered Investment Advisers and Research Analysts who employ artificial intelligence (AI) tools in their services must disclose the extent of usage to clients, emphasizing the importance of strong security measures to avoid unintended data exposure. This transparency is crucial for clients to understand how AI tools contribute...
Edible oil imports dip 1.6% in first 9 months of 2023-24 marketing year ending Oct: SEA
India's edible oil imports declined marginally by 1.6 per cent to 119.35 lakh tonnes in the first nine months of 2023-24 marketing year ending October, according to industry body SEA. Imports of cooking oils stood at 1,19,35,227 tonnes during November 2023-July 2024 period as against 1,21,22,711 tonnes in the corresponding period...
AC makers' profits soar in April-June amid blistering heat
Air-conditioner makers have logged a high double-digit growth in revenue and several of them had over two-fold jump in profits during April-June quarter amid increased demand due to the blistering summer. Companies such as Voltas, Blue Star, Whirlpool of India, Johnson Hitachi, and Havells which owns Llyods brand have reported a...
Gold imports dip 4.23% to USD 12.64 billion in April-July
India's gold imports, which have a bearing on the country's current account deficit (CAD), dipped by 4.23 per cent to USD 12.64 billion during April-July 2024-25 due to global economic uncertainties, according to government data. The imports stood at USD 13.2 billion in April-July 2023. In July alone, the imports declined by...
India imports USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion worth of crude oil from Russia, second only to China which remains the largest importer of Russian oil, a report said. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels...
