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Info Edge halves its OFS size in Zomato IPO to Rs 375 cr

Info Edge halves its OFS size in Zomato IPO to Rs 375 cr

05-07-2021  comments

New Delhi (IANS) Info Edge, a key investor in Zomato has decided to lower the size of its offer for sale (OFS) in the IPO of the food delivery platform.

In a regulatory filing on Sunday, Info Edge (India) said that the Committee of Executive…

Deadline for filing of foreign remittance tax forms extended

Deadline for filing of foreign remittance tax forms extended

05-07-2021  comments

New Delhi (IANS) The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing of income tax forms 15CA and 15CB, which are filed in terms of foreign remittances.

The last date of filing the forms is now July 15, said…

2-wheeler industry's FY22 volumes likely to grow by 12-14%: Report

2-wheeler industry's FY22 volumes likely to grow by 12-14%: Report

04-07-2021  comments

New Delhi (IANS) Ratings agency ICRA expects a 12-14 per cent year-on-year volume growth for the two-wheeler industry in FY22 supported by the festive season as well as rural demand.

"While the overall consumption and investment demand may…

Chaos and unrest in jewellery industry

Chaos and unrest in jewellery industry

04-07-2021  comments

New Delhi (IANS) BIS has had 3 meetings with around 20-member Expert Committee from May 25 to 29, where they brainstormed all the elements that the industry found impractical and needed amendments in the Regulations and the Act.

The BIS team…

India's merchandise exports hit historic high levels in Q1FY22

India's merchandise exports hit historic high levels in Q1FY22

03-07-2021  comments

New Delhi (IANS) Turning adversity into opportunity, India has recorded highest-ever merchandise exports of $95 billion in the April-June quarter of current fiscal year (FY22).

This is 85 per cent higher than exports of Q1 of 2020-21 and 18…

Best quarterly freight loading for SCR at 28.6 MT, over Rs 2k cr revenue

Best quarterly freight loading for SCR at 28.6 MT, over Rs 2k cr revenue

03-07-2021  comments

Secunderabad (IANS) The South Central Railway (SCR) zone on Saturday said it recorded the best freight loading figures of 28.6 metric tonne (MT) in the first quarter (Q1) of 2021-22 valued at Rs 2,478 crore.

According to the Railways, this…

RBI warns against combination of high public debt, low interest rates

RBI warns against combination of high public debt, low interest rates

02-07-2021  comments

Mumbai (IANS) As economies around the world witness ultra-low interest rates and rising public debt amid the pandemic, the Reserve Bank of India (RBI) has said that the combination would pose challenges.

The pandemic response saw a tight interaction…

Foreign liabilities rise as NRI claims hike to $352.7B in March

Foreign liabilities rise as NRI claims hike to $352.7B in March

01-07-2021  comments

Mumbai (IANS) Net claims of non-residents in India increased by $11.2 billion during the Q4FY21 to $352.7 billion due to larger increase in foreign-owned assets as compared to the overseas financial assets of Indians.

The foreign owned assets…

Delhi Airport sees growth in passenger traffic numbers

Delhi Airport sees growth in passenger traffic numbers

01-07-2021  comments

New Delhi (IANS) After a significant drop in traffic due to the second wave of the Covid-19 pandemic, the Delhi Airport on Thursday said that it has started witnessing growth in passenger numbers slowly but steadily post relaxation in lockdown and…

Special GST Council meet soon to discuss compensation: Sitharaman

Special GST Council meet soon to discuss compensation: Sitharaman

01-07-2021  comments

Bengaluru (IANS) Union Finance Minister Nirmala Sitharaman said on Thursday that a special session of the GST Council will be held soon to discuss all compensation-related issues.

Sitharaman, who is on a two-day visit to Karnataka, said that…

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