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Enforcement Directorate (ED) on Saturday provisionally attached assets of Rs 110 crore as part of the money laundering probe against Karvy Stock Broking Ltd (KSBL), firm chairman Comandur Parthasarathy and others. So far, ED has attached assets of Rs 2,095 crore under Prevention of Money Laundering Act (PMLA). from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zc5giQs via IFTTT

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The country’s largest housing finance company, HDFC, has increased its retail prime lending rate on home loans by 25 basis points (bps) from August 1, 2022. This is the fifth rate raise in two months. The lender has increased its benchmark rates by 115 bps (100 bps = 1%) this year. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/wbRy4H0 via IFTTT

Retirement fund body EPFO on Saturday dropped at the last minute a proposal to hike investments in equities or equity-related instruments from the existing 15% to 20%. The proposal, which had met with resistance from employees' representatives and trade unions, was part of the agenda items scheduled to be taken up at the meeting of the EPFO's central board of trustees but was dropped without citing any reason. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/h4epQNV via IFTTT

Former RBI governor Raghuram Rajan on Saturday said that India doesn’t need an authoritarian government to grow but our future lies in strengthening our liberal democracy and its institutions, rather than weakening them. Raghuram Rajan said, “I argue that the recent underperformance of the country in terms of economic growth seems to indicate that the path we are going on, needs rethinking.” from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yvgau3U via IFTTT

More than 4.52 crore returns have been filed till July 29, the Income tax department said on Saturday, a day before the ITR filing deadline for the financial year 2021-22 ends.The department issued a public message through its official Twitter handle asking taxpayers to file their Income Tax Returns (ITRs) before the due date. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hfbDoBg via IFTTT

Musk's counter-suit was submitted along with a legal defense against Twitter's claim that the billionaire is contractually bound to complete the deal he inked in April to buy Twitter, the Chancery Court in the state of Delaware said in a notice. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/EucsFX8 via IFTTT

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After a year of flat headcount, FY22 saw a 10% jump in jobs, according to a study of 675 companies done by Bank of Baroda, with the total headcount rising to 4.1 million as economic activity resumed following the lockdown and the second wave of Covid-19. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/X8lJsqD via IFTTT

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Despite a social media campaign to defer the deadline for filing income tax returns, the government is ruling out an extension, arguing annual filing by individuals crossed the 4-crore mark on Thursday evening. This translates into 68% of the filing until December 31, 2021, when the deadline had been extended due to the second wave of Covid-19 and glitches with the I-T portal. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Fap4esI via IFTTT

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The US Senate on Wednesday passed an expansive $280-billion bill aimed at building up America's manufacturing and technological edge to counter China, embracing in an overwhelming bipartisan vote the most significant government intervention in industrial policy in decades. The plan is centered around investing federal money into cutting-edge technologies and innovations to bolster industrial, technological and military strength. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qw7ul41 via IFTTT

Alphabet Inc's Google on Thursday blocked access to a popular battle-royale format game from South Korean developer Krafton, citing an order from the Indian government. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/KdaBkuL via IFTTT

Passenger vehicle sales are expected to be robust in July, driven by a large order book and production ramp-up, while commercial vehicle volumes may remain in an uptrend, a report said on Thursday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0REuhYZ via IFTTT

A key post-pandemic epiphany for organisations has been that the new leadership style is not ‘managing’ but ‘coaching’. The transformation of a manager into a coach — from a ‘command and control’ style to one of mentoring — is fast emerging in the hybrid way of working. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XERrAnf via IFTTT

The All India Power Engineers Federation has questioned compulsory coal imports by generation companies and sought PM Narendra Modi’s intervention for withdrawal of the power ministry’s directive for 10% blending with imported coal, even as fuel inventories at 54 power plants remain critical. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3IpNP4t via IFTTT

State-run ONGC is planning a joint venture with Hyderabad-based renewables major Greenko group for foraying into the green hydrogen and green hydrogen derivatives market. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/FVfIEht via IFTTT

Many of the country's private sector banks and UPI platforms engaged in mobile banking are looking to upgrade their cyber security systems, thanks to exponential increase in digital banking over past couple of years and quick adoption of cloud technologies amid pandemic. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k5jhx9R via IFTTT

The US technology giant reported profit of $16.7 billion on revenue of $51.9 billion, topping the same quarter a year earlier but missing market forecasts. Microsoft said that the strong US dollar made its offerings more costly in foreign markets, hurting sales. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ILesFKt via IFTTT

Alphabet's revenue in the latest quarter grew 13 percent to $69.7 billion, with its global search and cloud computing services bringing in most of the money -- but this was under analysts' expectations from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MvKnVWo via IFTTT

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Asia's third-largest economy and the world's top producer of a host of critical crops such as rice, wheat and sugar has received 11% more than average monsoon rain since the four-month season began on June 1. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/CIKrHWJ via IFTTT

Elon Musk asked a judge to schedule a five-day trial beginning October 17, not October 10 as requested by Twitter Inc, to resolve his bid to walk away from his $44 billion deal to acquire the social media platform, according to a court filing on Tuesday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hljvIcr via IFTTT

Indian IT firms have been among the biggest beneficiaries of the IT deal consolidations in the last two years. At least half of the top global deals were snagged by Indian IT players.HfS Research’s data shows that Infosys won a $3.2 billion deal from Daimler and a $1. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QWDkirp via IFTTT

Indian IT firms have been among the biggest beneficiaries of the IT deal consolidations in the last two years. At least half of the top global deals were snagged by Indian IT players.HfS Research’s data shows that Infosys won a $3.2 billion deal from Daimler and a $1. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IO5XJBn via IFTTT

From convenios, fleet cards to consumer clubs and raffles, fuel retailers are constantly looking to create a customer following. But as electric vehicles and scooties encroach on the traditional turf, they are panning lifestyle trends for niche markets. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/abLtFPk via IFTTT

The government will soon begin a pilot to refund goods and services tax (GST) paid by foreign tourists visiting India as part of a move to implement a measure that is there in the statute. The Integrated GST Act, enacted five years ago, provides for refund on goods, which are to be taken out of the county by a tourist, a person who is normally not a resident of India, and is in the country for not more than six months for non-immigrant purposes.​ from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ONinJUo via IFTTT

Power distribution companies (discoms) can clear their record dues to generation companies (gencos) and still be left with some moolah if the state governments released the promised subsidy and government bodies cleared their bills – just like common consumers. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/9OvHZzb via IFTTT

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Income Tax Department on Monday said that more than 3 crore returns have been filed through e-filing portal till date for the financial year 2021-22. Over 2.3 crore Income Tax Returns (ITRs) were filed till July 20 for the financial year 2021-22. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OQce6LY via IFTTT

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GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said. The decision to levy the tax, which came into effect from July 18, is not that of the Union government but of the GST Council. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39RHFhf via IFTTT

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Reliance Industries Ltd expects prices of natural gas in India to rise again in October but wants government-dictated caps to go, in a bid to align domestic rates with global energy prices. The conglomerate, controlled by billionaire Mukesh Ambani, expects the price cap for its KG-D6 gas sales to rise over the current $9.92 per million British thermal units, Sanjay Roy, senior vice-president for exploration and production, said in an investor call following the announcement of the firm's quarterly earnings on Friday. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zk7JEQp via IFTTT

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