BUSINESS OTHERS NEWS - Page 3

The renewed need for home ownership sparked by the COVID pandemic is also driving sales: Knight Frank India
(Representative image: Pexels)

Jan-Jun housing sales in top 8 cities at 9-year high; sales see 60% annual growth: Knight Frank

July 6, 2022 15:10 IST

Housing sales stood at 99,416 units in the first six months of 2021, the consultant said in its 17th edition of half-yearly report 'India Real Estate: Residential and Office Market H1 2022', which was released on Wednesday through a webinar.

Also, cash ledger balance can be transferred from one GST registered entity to another under the same PAN.
(Representational image)

Govt notifies procedural changes in GST rules

July 6, 2022 14:39 IST

Businesses with aggregate annual turnover of up to Rs 2 crore in the fiscal ended March 31, 2022 are exempt from filing annual returns for 2021-22, as per the amended rules. Businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.

Pre-packed and labelled food items like meat, fish, curd, paneer, and honey will now attract GST.
(Photo: PTI/File)

GST on pre-packed labelled food items to increase traders’ compliance burden, raise prices: CAIT

July 4, 2022 17:27 IST

CAIT Secretary General Praveen Khandelwal said that to protest against this decision of the GST Council, the traders' delegation will meet state finance ministers and hand over a memorandum to them.

As per the Colliers India data, the gross office leasing in Bengaluru rose to 4.4 million sq ft in April-June 2022 from 2.2 million square feet in the year-ago period. (Representative image: Pixabay)

Office leasing jumps over 2.5 fold in Apr-Jun across 6 cities at 14.7 mn sq ft: Colliers India

July 4, 2022 12:28 IST

During January-June 2022, the gross leasing of office space jumped more than 2.5 times to 27.5 million square feet across six cities, from 10.3 million square feet in the corresponding period of the previous year, as per Colliers India.

Union Transport Minister Nitin Gadkari. (File)

Automobiles in India to be accorded ‘Star Ratings’ based on performance in crash tests: Nitin Gadkari

June 24, 2022 14:08 IST

In a series of tweets, Gadkari said the Bharat New Car Assessment Programme (Bharat NCAP) will serve as a consumer-centric platform, allowing customers to opt for safer cars based upon their Star-Ratings, while promoting a healthy competition among original equipment manufacturers (OEMs) in India to manufacture safer vehicles.

Besides, the money held in Indian customers' savings or deposit accounts rose to a seven-year high of about Rs 4,800 crore, reversing a two-year declining trend.
(Photo: Reuters)

Indians’ funds in Swiss banks jump 50% to over Rs 30k crore on surge in securities, institutional holdings; customer deposits up too

June 16, 2022 22:34 IST

The rise in aggregate funds of Indian clients with Swiss banks, from 2.55 billion Swiss francs (Rs 20,700 crore) at the end of 2020, marks the second consecutive year of increase.

The Union Cabinet has approved the telecom department’s proposal to conduct 5G spectrum auctions in July

5G spectrum auctions get Union Cabinet nod. Here are five key highlightsSubscriber Only

June 16, 2022 08:55 IST

The Department of Telecommunications (DoT) has issued a notice inviting applications for potential bidders in the auction.

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5G spectrum auction for telecom services gets Cabinet nod

June 15, 2022 12:10 IST

A total of 72097.85 MHz of spectrum with 20 years of validity will be auctioned by July end.

Chhattisgarh CM Bhupesh Baghel had urged the PM to issue a directive to the PFRDA to refund the money deposited towards the NPS since November 2004 by the state government along with accruals.

Rajasthan and Chhattisgarh walk out of National Pension System

June 16, 2022 08:57 IST

Sources confirmed that both the states, ruled by the Congress, have stopped contributing any funds from their side to the NPS since April 1.

Global stock markets fell as fears of a recession grew after the Federal Reserve's biggest rate hike and the Swiss National Bank raised its policy interest rate for the first time in 15 years in a surprise move on Thursday. (File photo)

Sensex tumbles 375 points in early trade amid weak global markets

June 14, 2022 11:07 IST

From the Sensex pack, Asian Paints, Tech Mahindra, IndusInd Bank, HDFC Bank, Titan and HDFC were the major laggards in early trade.

From the Sensex pack, Tata Steel, Tech Mahindra, IndusInd Bank, Wipro, Bharti Airtel, Bajaj Finance, Kotak Mahindra Bank, and NTPC were the biggest laggards.

Sensex nosedives 1,394 points in early trade; Nifty tanks to 15,800 level

June 13, 2022 10:58 IST

Bajaj Finserv, Bajaj Finance, ICICI Bank, State Bank of India, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra and IndusInd Bank emerged as the major laggards.

Construction site at New Town, Kolkata. (Express photo by Partha Paul)

Credai, Naredco expect steel prices to come down after govt’s measures

May 23, 2022 14:40 IST

Both the associations have been raising the issue of a sharp rise in steel and cement prices in the last one year, resulting in an increase in the overall construction cost. Many builders have raised housing prices to offset the rise in construction costs.

Zepto’s co-founder and CEO Aadit Palicha. (Image: LinkedIn/Aadit Palicha)

‘Want to add 12-20 cities in 9-12 months from current 11’: Zepto co-founderSubscriber Only

May 31, 2022 14:57 IST

In an interview with Pranav Mukul, Zepto’s co-founder and CEO Aadit Palicha said the company would use these funds to expand into 12-20 cities and hire 1,000 people over the next one year.

ED questions Xiaomi global VP Jain in FEMA case

April 14, 2022 04:00 IST

Sources said Jain was asked to appear before the investigating officer in Bengaluru, and was being questioned.

While manufacturing will continue to spearhead the growth for Gujarat in the coming years, the Adhia report suggests the state to focus on nine new areas, including green and smart manufacturing, use of technology and supply chain management. (Representative image: Pixabay)

Average pay hike likely to be at 8-12% in 2022: Report

April 7, 2022 13:51 IST

The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in the pre-pandemic year of 2019, according to the Michael Page Salary Report 2022.

Asish Mohapatra (left) and Ruchi Kalra. (Source: Oxyzo website)

Husband and wife entrepreneurs mint own unicorns within a yearSubscriber Only

March 24, 2022 10:30 IST

The two startups run separately with different offices and teams, but they target the same industries such as manufacturing and infrastructure sub-contracting.

Solar panel installed at a school in Panchkula. (Express archive photo)

Solar open access installation rises nearly two folds to 307 MW in Oct-Dec: Report

January 4, 2022 18:09 IST

According to the report, the country installed 935 MW of open access solar capacity during April-December 2021, registering a rise of 143 per cent compared to 385 MW installed during the same nine- month period of 2020.

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Loan recovery via Lok Adalats, IBC falls in FY21; banks report fewer frauds

December 29, 2021 07:28 IST

According to the report, banks reported 4,071 frauds involving Rs 36,342 crore during the six-month period ended September 2021 as against 3,499 frauds involving Rs 64,261 crore in the same period of last year.

The move comes at a time when rising inflation adds pressure on the RBI to lift rates. (File photo)

RBI Retail Direct Scheme: India is opening its $1.1 trillion bond market to retail buyersSubscriber Only

November 10, 2021 15:07 IST

RBI Governor Shaktikanta Das had first flagged this initiative in a February policy review while calling it a “major structural reform”.

Maruti Suzuki India reported a 65.7 per cent dip in consolidated net profit at Rs 486.9 crore for the quarter ended September 2021.(File/Reuters)

Maruti net dives 65.7% on chip crunch, high commodity prices

October 28, 2021 06:33 IST

It will launch electric vehicles after 2025 as demand for such vehicles at the moment is less and it will like to sell about 10,000 units a month when it enters the space

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Climate change calls for backup power, and one company cashes inSubscriber Only

September 16, 2021 10:04 IST

Demand for backup generators has soared over the past year as housebound Americans focused on preparing their homes for the worst, just as a surge of extreme weather ensured many experienced it.

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To survive the pandemic, a secret Nintendo cafe is secret no longerSubscriber Only

September 16, 2021 09:42 IST

To Hashimoto, the Tokyo cafe was an extension of his living room, where he had once kept the memorabilia. He allowed in only his former industry colleagues and their friends, and he tried hard to keep its address a secret

Power consumption witnessed 6.6 per cent year-on-year growth in May this year at 108.80 BU, despite a low base of 102.08 BU in the same month of 2020.

India’s power consumption up 18.6% to 129.51 billion units in August

September 1, 2021 16:36 IST

The country's power consumption in August last year stood at 109.21 BU, lower than 111.52 BU in the same month in 2019, as per the data.

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Record rally pulls in new buyers: Retail holding at all-time highSubscriber Only

August 6, 2021 03:20 IST

Retail holding of NSE-listed companies hit a record high of 7.18% in June quarter.

Government includes retail, wholesale trade under MSMEs

July 2, 2021 16:55 IST

"Now under the revised guidelines, retail and wholesale trade will also benefit from priority sector lending under RBI guidelines," the MSME minister added.