The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates. At the third fortnightly review, the government raised the windfall profit tax on the…
Equity benchmark Sensex ticked higher for the fifth straight session on Thursday, helped by fag-end buying in select blue-chip stocks amid a largely negative trend in global markets. A depreciating rupee and rising crude prices in the international market capped the gains in domestic equities, traders said. In a…
Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. This is the first time ever that the Department of Telecom (DoT) has handed out a spectrum allocation letter on the day…
SpiceJet has signed a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliated leasing entities Wilmington Trust SP Services Ltd, Sabarmati Aviation Leasing Ltd and Falgu Aviation Leasing Ltd for two Boeing 737 MAX and one Boeing 737-800 NG aircraft. The airline said the agreement – the…
Billionaire Mukesh Ambani, for the second year in a row, drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani’s remuneration for the financial…
Telecom Minister Ashwini Vaishnaw said 5G services in the country are expected to begin in October and the telecom sector will remain one of the most affordable in the world, even with 5G. “We had requested the industry to start the process of setting up equipment all over the country. The auction concluded…
US-based crypto project Nomad has been hit by a massive hack where almost $200 million dollars have been compromised on the platform. It is said that the hackers exploited a vulnerability in the transactional call data function of the platform and exploited multiple users. Confirming the hack, the official Twitter…
Amid concerns over the decline in the value of the rupee against the US dollar, Finance Minister Nirmala Sitharaman on Tuesday emphasised that there was no collapse of the unit and it was actually finding its natural course, as reported by PTI. Sitharaman informed the Rajya Sabha that the Reserve Bank of India (RBI)…
Even when the government extended the deadline for filing income tax returns (ITR) over the last two financial years owing to the Covid-19 pandemic, the government has made it clear that it is not going to do the same this fiscal. On July 24, a top official said that the government is not considering extending the…
The 5G spectrum auction will begin on Tuesday with four players, including Reliance Jio and Bharti Airtel, set to bid for 72 GHz of radiowaves worth Rs 4.3 lakh crore on offer. The bidding process is scheduled to start on Tuesday from 10 am and go on till 6 pm. The number of days of auction will depend on the actual…