After a day-long GST Council meeting, the Centre and the states could not draw consensus on the issue of borrowing to make up for compensation shortfall. Finance Minister Nirmala Sitharaman said that the next meeting will be on 12 October. However, there was various other decision taken in today’s meeting. … Read more
Category: Business and Finance
Reliance raises Rs 7,350 crore from 2 investors
New Delhi, Oct 3 (PTI) Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday announced to raise Rs 7,350 crore from two investors — Singapore’s sovereign wealth fund GIC and Global alternative asset firm TPG — by selling a stake in group’s retail arm. Through two separate deals, Reliance Industries will … Read more
BMW Group India to Increase Prices by up to 3 Percent From 1 November 2020
Gurugram, Haryana : BMW Group India will increase prices across the BMW and MINI product portfolio with effect from 1 November 2020. Mr. Vikram Pawah, President, BMW Group India said, BMW Group India is constantly engaged in offering aspirational products and highest levels of customer service to its exclusive clientele. … Read more
Global Investment Firm TPG To Invest Rs 1,837.5 Cr In Reliance Retail Ventures
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Saturday announced that TPG, a global investment firm, will invest Rs 1,837.5 crores into RRVL, a subsidiary of Reliance Industries. The investment by GIC values RRVL at a pre-money equity value of Rs 4.285 lakh crore and it will translate … Read more
Gold and silver rates today hikes in Delhi, Chennai, Kolkata, Mumbai on 03 October 2020
Gold rates on Saturday have gone up following the global rates. On MCX, the gold rates have increased by Rs. 120 to Rs. 52,990 while the silver rates are at Rs. 61,200. The gold rates have increased according to global markets where the investors had catched up the profits amid … Read more
International Coffee Day Observed at The Chocolate Room Tezpur to pay tribute and celebrate the efforts of hard work of the Coffee Farmers
The Chocolate Room Tezpur also announced their collaboration with the organisation Mitti Ke Rang in their campaign “Million Candles” to support the livelihood of the grassroots women entrepreneurs. Announced “Work from Cafe” at The Chocolate Room, Tezpur. October 1, Tezpur: International Coffee Day was celebrated in The Chocolate Room Tezpur … Read more
SBI, PNB, ICICI Bank, HDFC Bank customers alert! These debit, credit card services will end today
SBI, PNB, ICICI Bank, HDFC Bank and other banks’ credit and debit card holders were given some services during the COVID-19 lockdown and notably, these are going to end from midnight today. As per the new RBI norms, bank customers will have to share their priority for international, online and … Read more
Mukesh Ambani made Rs 90 crore every hour since lockdown
Mukesh Ambani gained Rs 90 crore per hour since the coronavirus lockdown in March, thus retaining his position as the richest Indian for the ninth consecutive year on the IIFL Wealth Hurun India Rich List 2020. Ambani, who is the only Indian in the world’s top 5 richest persons, amassed Rs 2,77,700 … Read more
Temporary retention of GST cess pending reconciliation not diversion: FinMin sources
New Delhi, Sep 26 (PTI) Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion. Days after the Comptroller and Auditor General (CAG) flagged that the Centre in the … Read more