GST Council Announces Key Decisions: A closer lookÂ
In a significant development aimed at fostering cooperative federalism and enhancing the simplicity of India’s tax regime, Finance Minister Nirmala Sitharaman chaired the 50th GST Council meeting in New Delhi on 11th July 2023. The meeting witnessed the presence of esteemed dignitaries, including MoS (F) Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra, Chairman CBIC Vivek Johri,…
Yash Sharma
Reliance Industries Share Price Soars with Jio Financial Services Demerger
Reliance Industries Ltd (RIL) experienced significant buying interest among Indian stock market investors on Monday morning, as the company announced plans to unlock value through the demerger of Jio Financial Services. The share price of Reliance opened higher today and reached a peak of ₹2756 per share on the National Stock Exchange (NSE), surpassing its…
Threads: Instagram’s Bold Step to Challenge Twitter’s Dominance
In a direct challenge to Twitter’s long-standing dominance in the realm of public conversations, Instagram, owned by Meta Platforms Inc., has unveiled Threads, a powerful new application that promises to reshape the way users engage and share information online. With its seamless integration of text, links, and conversations, Threads poses the most formidable threat to…
Unlocking GST Data: New Insights for Businesses and Policy Makers
The Goods and Services Tax Network (GSTN) has recently announced its intentions to make more tax data available to the public. According to a statement released by ASSOCHAM, an esteemed industry body, GSTN’s Chief Executive Manish Kumar Sinha revealed that a committee is currently considering the inclusion of additional geographical and industry-related information in the…
China Limits The Export Of Critical Chip-Making Metals
As a retaliatory move against the Western countries, who are trying to restrict the growth of China in the semiconductor industry, the country has made it clear that it would not submit to the dominance of the European power, and in response, has put restrictions on the export of metals crucial to build semiconductors and…
Global Slowdown Signals India’s Growth Dip – Says Jahangir Aziz
According to Jahangir Aziz, head of emerging market economics at JP Morgan, the Indian economy may experience a slowdown in the second half of the year due to a global economic slowdown. However, he believes that this particular slowdown is essential to maintain financial stability and macroeconomics. He mentioned in an interview with the Economic…
HDFC Bank Announces Key Appointments Ahead of Merger with HDFC
HDFC Bank, the largest private sector lender in India, has announced the appointment of two highly regarded executives as part of its preparations for the merger with HDFC. According to an official exchange filing, HDFC Bank has confirmed the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director. These appointments…
India’s Economy Set to Maintain Strong Growth Trajectory: S&P
In a testament to India’s robust economic potential, the renowned credit rating agency Standard & Poor’s (S&P) has recently confirmed its projection of a 6% growth rate for India in the fiscal year 2023-24. This forecast not only highlights India’s resilience amidst global economic uncertainties but also solidifies its position as the fastest-growing economy in…
AdaniConneX: $213M for Noida & Chennai Data Centers
AdaniConneX, a joint venture between Adani Enterprises (AEL) and EdgeConneX (ECX), has secured a senior debt facility of $213 million from international banks to expedite its plans for delivering essential digital infrastructure and constructing local data centres. The funds will be utilised to finance the ongoing development of AdaniConneX’s data centre portfolio, which amounts to…
Weekly News Roundup: Top 5 Market Updates
1. Sony-Zee merger expected to get completed by end of H1 FY24 Sony Corp CEO Sony Corporation’s CEO has announced that the much-anticipated merger between Sony and Zee Entertainment Enterprises Ltd (ZEEL) is expected to be completed by the end of the first half of the financial year 2023-24. The merger aims to create a…