IMAGES from Day 2 of the 1st Test played between India and England in Hyderabad, on Friday.
The Q1FY24 earnings season has started on a dismal note for corporate India. The early-bird companies' revenue growth has been at a 10-quarter low, while the combined earnings of non-BFSI (banking, financial services, and insurance) companies seem to have hit the ceiling. The numbers suggest corporate India is entirely dependent on BFSI companies and the IT services sector to drive growth in revenue and profit while other sectors are showing signs of stagnation.
A proposal in the Union Budget 2022-23 to raise excise duty on dirtier, unblended retail petrol and diesel has met with some resistance from the petroleum ministry. However, finance ministry officials say no such communication arguing against the levy of extra duty on diesel has been received from the oil ministry. Until there are discussions between the two departments, the proposal will not be tweaked in the Finance Bill. The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Amid record-high fuel prices, Finance Minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities - crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) - were kept out of its purview given the revenue dependence of the central and state governments on this sector. This meant that the central government continued to levy excise duty on them while state governments charged VAT. These taxes, with excise duty, in particular, have been raised periodically.
The government on Friday extended the validity of motor vehicle documents like driving licence (DL), registration certificate (RC) and permits till June 30, 2021, in view of the ongoing COVID-19 pandemic. In an advisory to states, the Ministry of Road Transport and Highways (MoRTH) said it is extending the validity of fitness, permit, driving licence, registration and other documents whose extension of validity could not be granted due to lockdown and which had expired since February 1, 2020, or would expire by March 31, 2021. It had earlier issued advisories dated March 30, 2020, June 9, 2020, August 24, 2020, and December 27, 2020, in connection with extension of validity of documents related to the Motor Vehicles Act, 1988, and Central Motor Vehicle Rules, 1989.
If the court order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners.
Govt's move will facilitate entry of global giants such as Total SA of France, Saudi Arabia's Aramco, BP Plc of the UK, and Trafigura's downstream arm Puma Energy.
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Thirty-three crew members of an American firm owned ship were on Friday arrested by Tamil Nadu police on charges of illegally carrying arms and ammunition and straying into Indian territorial waters without proper authorisation.
These companies join the likes of other global firms Hyundai, Suzuki, Toyota, KFC, and Pizza Hut which have also apologised for social media posts by their business associates in Pakistan supporting Kashmir Solidarity Day following backlash in India and call for boycott of their products.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
A five-judge Constitution bench headed by Chief Justice of India D Y Chandrachud was faced with several consequential legal questions, such as adoption, succession, intestacy and laws governing pension and gratuity where a once legally-acknowledged spouse is the beneficiary, if it decides to legalise same-sex marriage.
Most of the session's gains for both the indices were wiped out as investors rushed to book profits ahead of F&O expiry on Thursday and also due to concerns over stretched valuations.
Bumper-to-bumper insurance cover for new vehicles will not be mandatory as suggested by the Madras high court in its order last month. Instead, the decision to make it mandatory or not will be left to the legislators and the parliament. On Monday, the court decided to modify its order, which had said that whenever a new vehicle is sold after 1.9.2021, it is mandatory for coverage of bumper-to-bumper insurance every year, in addition to covering the driver, passengers, and owner of the vehicle, for a period of five years.
Switzerland earned a record-tying 10-1 triumph over Ecuador on Friday for their first ever Women's World Cup victory Switzerland earned a record-tying 10-1 triumph over Ecuador on Friday for their first ever Women's World Cup victory.
The 25-member team returned to Rishikesh on Monday after traversing a distance of 1,158 km on foot braving the vagaries of the weather in highly difficult terrain in 50 days.
Nanpakal Nerathu Mayakkam is a masterpiece, and like most masterpieces of the cinema, it's a great act of folly, observes Sreehari Nair.
German luxury car maker Audi on Thursday launched three all-electric SUVs under its e-tron range with prices starting from Rs 99.99 lakh kicking off its electrification journey in the country. The three all-electric SUVs -- e-tron 50, e-tron 55 and e-tron Sportback 55 -- are priced at Rs 99.99 lakh, Rs 1.16 crore and Rs 1.18 crore respectively (all prices ex-showroom), Audi India said in a statement. Commenting on the launch of the e-tron brand in India, Audi India Head Balbir Singh Dhillon said, "we are launching not one, but three electric SUVs that begin our electrification journey." The three electric SUVs are "the perfect confluence of luxury, zero emissions, performance and everyday usability", he added.
In stark contrast to other sportspersons who have given a thumbs-up to the Formula One coming to India, former sprint queen P T Usha says hosting the Grand Prix is nothing but a "criminal waste" of money.
The number of cases of insult to the modesty of women, kidnapping of women, abduction of women, cruelty by husband and in-laws and dowry death stand at 197, 1,580, 159, 1,712 and 56, respectively, it said.
The opening ceremony has been created by British screenwriter Steven Knight, who had produced the famous crime drama 'Peaky Blinders'.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Zippy and comfortable, the Mini Convertible is a perfect car for short jaunts, but this isn't the ride you'd choose to take your entire family to the airport or pick for a long family excursion, says Pavan Lall.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
Hemant Shivsaran lists the number of projects the Modi government has announced since August to woo Gujarat voters.
The Union transport minister said that the states can reduce fine but they are aimed at saving lives of people, and for generating revenue.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The Centre would need the concurrence of 20 states out of 29 to impose a GST on petroleum
The farmers have said the weather will not dampen their spirit and they will continue the protest till their demands are met.
The new Tata Tigor, Datsun Go and Hero Xtreme 200R are hoping to use celebrity endorsers and gain a foothold in a segment that has been the stronghold of market leaders for several decades. But will it work?
Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.
Images from Day 1 of the 2022 US Open at the USTA Billie Jean King National Tennis Center, in Flushing Meadows, New York, on Monday.
IMAGES from Day 2 of the Wimbledon Championships from the All England Lawn Tennis and Croquet Club, London, on Tuesday.
'With more and more young people relocating outside their home states for work, an all-India MLDA of 21 would be a good way to ensure that more Indians can go with the flow,' recommends Kanika Datta.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
'As a course mate who has followed closely this star on the Bombay Sappers firmament, my heart swells with pride to see his extraordinary brilliance and focus; his commitment and his dedication; his hard work; and his technical as well as tactical knowledge,' says Colonel K Thammayya Udupa (retd) of his batchmate General Manoj Pande who will take over as chief of the army staff on May 1.
Thirteen years after their small car project was forced out of West Bengal following the anti-land acquisition movement in Singur, Industry and IT Minister Partha Chatterjee has said talks are on with the Tatas for big-ticket investments in the state. Underscoring job creation as the TMC government's top priority, Chatterjee also said incentives to companies will depend on ability to generate employment. He said the Mamata Banerjee dispensation wants two large manufacturing units to be set up by any prominent industrial house at the earliest. "We never had any enmity with the Tatas, neither we fought against them. "They are one of the most respected and biggest business houses of this country and also abroad. "You can't blame the Tatas (for the Singur fiasco).
The eighth edition of the India-Russia Joint Military Exercise 'INDRA-2016' -- with a focus on counter-terrorism operations in semi-mountainous and jungle terrain under United Nations Mandate -- is on in the Ussiriysk district in Vladivostok, Russia.
The car will launch next financial year in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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