Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility in stock markets driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'
The motion has already been approved by the Lok Sabha.
Gaikwad, who was Dharavi MLA before being elected to the Lok Sabha in the 2024 general polls, also alleged the redevelopment project was real estate's biggest scam.
Tata Steel is in the process of filing a curative petition in the Supreme Court in connection with the apex court ruling which said that states have the power to levy cess on mining and mineral-use activities. The petition by the steel manufacturing firm is aimed at seeking remedy to the order, passed by a 9-judge Constitution Bench of the Supreme Court on July 25. However, Tata Steel's managing director and chief executive officer T V Narendran told Business Standard that there was no demand note on the firm.
Prime Minister Manmohan Singh had said earlier that the Cabinet would take a decision on the issue in a day or two.
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments.
'Healthcare is not an industry.' 'The government is only encouraging insurance as they are not able to provide healthcare to people.' 'Opening new medical colleges is not what is needed.' 'You have to invest in public sector hospitals.' 'You cannot hand over healthcare to the private industry.'
Framing the next chapter in Swiggy's journey as a responsible corporate citizen, co-founder and chief executive officer (CEO) Sriharsha Majety unveiled the company's eagerly awaited public listing. Majety, who has largely shunned the spotlight, shared reflections on his entrepreneurial path and the strategic pivots he and his co-founders navigated in building Swiggy. "We started with code aggregation, then pivoted to logistics, and that became Swiggy.
'The past few quarters have seen prohibitive fares for advance bookings, only to dip closer to departure.'
With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.
'We have seen something do very well when the times are good but maybe not as well when the times are bad.'
Referring to the 27 per cent quota for OBCs in elite educational institutions, Kalam said this could be tackled by increasing seats in medical and management colleges.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
As many as five major films released last Friday, and four among these had a south connection.
Prior to the Cabinet meeting, Gandhi had a meeting with senior Congress leaders at her residence amidst reports that she was averse to inclusion of NAC Chairmanship in the proposed law.
At a time when the government is nudging the private sector to ramp up its capital expenditure (capex), the Ministry of Statistics and Programme Implementation (MoSPI) is poised to kick-start the first-of-its-kind annual survey on the status of private sector capex from next month. "The inaugural edition of the annual exercise will start in October and will be completed by December. "The results will be made public by February next year," said Geeta Singh Rathore, director general, National Sample Survey Office (NSSO), at a data users' conference on Thursday.
The death of 26-year-old Anna Sebastian Perayil -- who worked on the audit and assurance team at EY Pune, due to 'overwork' her heartbroken mother noted in a letter to EY India chairman Rajiv Memani provoked best-selling author Rashmi Bansal to pen a poem on the perils of overwork in Corporate India.
Rejecting P A Sangma's claim and objection, the government on Monday said that the United Progressive Alliance nominee Pranab Mukherjee resigned as the chairman of the Indian Statistical Institute a week before he filed his nomination in the President's election and does not not hold any office of profit.
The ordinance will be tabled in the next session of the legislature, it said, adding that 27 posts were approved for the commission.
After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt. BMW India said in its FY22 financial statement that the company is focusing on growth and achieving profitability through induction of new products in the market, strengthening its dealership network, and improving customer satisfaction while reducing costs. The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore.
In a surprise move, struggling multinational coffee chain Starbucks on Tuesday announced the appointment of Brian Niccol as chairman and chief executive officer replacing Indian-origin CEO Laxman Narasimhan who is stepping down.
A P J Abdul Kalam, who became the first President to return a bill to the Parliament, has said that his decision to send back the legislation on Office of Profit was to convey his personal opposition. Kalam, who demitted office in July, said he was aware that it was the first time in the history of the Parliamentary system that a bill was being sent back and contended that he had to do it.
In two years, the start-up Overqualified Housewives has helped over 6,000 women across India find flexible-job roles across India from salaries ranging between Rs 8,000 to Rs 80,000, making them financially independent.
The Supreme Court on Wednesday sought to know the stand of the Centre referring a petition, challenging the constitutional validity of the amendment to the law on the Office of Profit, to a Constitution Bench.
After clocking losses for seven straight quarters, Tata Motors on Wednesday posted a consolidated net profit of Rs 3,043 crore in the third quarter (Q3) of 2022-23. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix. "We remain cautiously optimistic about the demand situation, notwithstanding the global uncertainty.
Members have to discharge various public responsibilities by holding such positions," the party Polit Bureau said in a statement.
A bench comprising Mr Justices Arijit Pasayat and S H Kapadia made the notices returnable within eight weeks.
The Indore high court has said that the post of MLA cannot be considered an 'office of profit', a stumbling block for those wishing to serve as mayors.
The year was rich in content as far as Web series were concerned.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
The move by Congress president Mallikarjun Kharge's son Rahul Kharge comes close on the heels of Chief Minister Siddaramaiah's wife Parvathi returning the 14 sites to Mysuru Urban Development Authority after the Lokayukta police registered a case against Siddaramaiah, his wife and brother-in-law.
The Election Commission on Friday cleared Prime Minister Manmohan Singh and Finance Minister P Chidambaram of the charge that they held offices of profit.
The Election Commission has issued a notice to Union Minister of State for Commerce Jairam Ramesh on a complaint seeking his disqualification as a Rajya Sabha member on the office of profit issue.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
Kalam has given his assent to the Delhi Members of Legislative Assembly (Removal of Disqualification) Amendment Bill, 2006, and the Delhi goverment will soon issue a notification regarding it, sources said.
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