E-commerce companies that fall within the scope of the equalisation levy include Adobe, Uber, Udemy, Zoom.us, Expedia, Alibaba, Ikea, LinkedIn, Spotify, and eBay.
While prevalent web conferencing apps have been charging fees for getting a large number of users in a session, Jio is neither charging any fee nor has put any time limit on the sessions at present.
IndusInd Bank was the top gainer in the Sensex pack, rallying over 7 per cent, followed by SBI, ICICI Bank, HDFC twins, Axis Bank, Bajaj Finserv and UltraTech Cement. NSE Nifty soared 245.35 points to 14,923.15.
After a stellar run that saw the frontline indices - the S&P BSE Sensex and the Nifty 50 - clock gains of around 21 per cent and 24 per cent respectively in calendar year 2021 (CY21), the year gone by in real sense belonged to the mid-and small-cap segments. Thus far in CY21, the mid-and small-cap indexes on the BSE have far outpaced the run in the frontline indices and notched up a gain of around 38 per cent and 61 per cent, respectively during this period. Though analysts expect the outperformance to continue in 2022, they caution against the multiple headwinds in the year ahead that may dent the overall market sentiment.
HDFC and HDFC Bank's merger - touted as India's biggest-ever corporate merger - pumped up shares of the two entities on the bourses. Shares of Housing Finance Development Corporation (HDFC) skyrocketed 9 per cent while those of HDFC Bank zoomed 10 per cent. In comparison, the benchmark S&P BSESensex and the Nifty50 indices settled 2.2 per cent higher on Monday.
'Just the fact that the biggest language at the box office was Telugu and not Hindi is startling.'
Bajaj sold his 18-month-old start-up WhiteHat Jr to Byju Raveendran for $300 million in an all-cash deal - over the video conferencing platform Zoom. The deal is the biggest in the Indian edtech sector by far.
Maruti, ITC, Infosys, Wipro, Satyam, Reliance, ONGC, HLL up. Nifty up 24 pts at 2012.
The Sensex opened with a strong gain of 35 points at 6,170, and exhibited a fluctuating trend during the intra-day trades today.
'Sometimes we arrange a Zoom call just for him to say hello to the players, that's about it.' 'But otherwise, no, no direct talk, it's never happened, even in a normal year.' 'After the game, you win, you lose, SRK is there to encourage the team, give them hugs.'
Continuing their surge, India's exports touched $70 billion for the first time in the country's trade history.
Shares of Zomato on Friday zoomed nearly 53 per cent in its debut trade against its issue price of Rs 76. The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent.
'I was told so often by people, "Please leave your brains at home".' 'And I would say, "I only have myself to offer. I can't dance like Madhuri Dixit or Shilpa Shetty. I can only come and act."'
The report Air Quality and Health in Cities combined ground-based air quality data with satellites and models to produce air quality estimates for cities around the world.
Harris recounted how she and her team got a call that Biden wanted to talk and then got another call where she was told Biden wanted to do a zoom call. She described how she went in "our little makeshift office" and then when the call started Biden immediately asked her to join the ticket. After referring to her mother, Harris also described how husband Doug Emhoff's ear was on the door outside the room listening in on the call. Eventually Jill Biden and Emhoff joined the call with Biden and Harris.
Continuing his strong show in the Auto GP series, Indian racer Narain Karthikeyan recorded his third win of the season when he triumphed from pole in round six of the series in Nurburgring.
Retail inflation inched up to 4.48 per cent in October due to an uptick in food prices, government data showed on Friday. The Consumer Price Index (CPI) based inflation was at 4.35 per cent in September and 7.61 per cent in October 2020.
Food inflation is back in double digits after a gap of a month-and-a-half and stood at 10.60 per cent for the week ending October 8 on the back of costlier vegetables, fruits, milk and protein-based items.
It means more tickets sold and therefore more revenues and hastens the recovery of the devastated-by-the-pandemic film business.
The rise in illegal imports of the yellow metal has caught the eye of the finance ministry.
'Like every other job, if you do it enough, you get practice.' 'If you don't, things get rusty.'
No government can 'ignore inclusiveness in a democracy', Montek Singh Ahluwalia tells Anjuli Bhargava.
'This man changed the mindset of a generation.'
Salaries in the information technology sector went up by an average of 19 per cent in 2004 with senior level professionals gaining the most, according to Dataquest-IDC survey.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
New patented products with significant therapeutic advantage over the existing ones may see higher pricing.
Sensex zooms 200 points in Muhurat trading, Nifty regains 7,800.
Mercedes driver Lewis Hamilton was observed enjoying a ride in a 600 mph Red Arrows Hawk jet, sailing over Lincolnshire, ahead of Sunday's British Grand Prix.
A yellow-sari daintily clad Indrani was beaming broadly and it seemed like for the first time, for her, Rahul had done something right. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
Car sales went up by an 18 per cent in July 2004 for the fourth consecutive month this fiscal buoyed by Maruti, Hyundai and Tata Motors.
Maruti Udyog on Monday said its net profit soared by 42.1 per cent to Rs 170.9 crore during the quarter ended June 30, 2004 against Rs 120.2 crore during the year-ago period, buoyed by a 19 per cent jump in sales volume.
Amid stiff competition from private and foreign players, the country's 27 public sector banks logged 35 per cent growth in profit at Rs 16,546 crore (Rs 165.46 billion) while their bad assets fell below 3 per cent during 2003-04.
Driven by the top three carmakers -- Maruti, Hyundai and Tata Motors -- the car sales surged by 25 per cent in June 2004 over the same month last year.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
The NSE Nifty ended at 3142, up 98 points. The market breadth was fairly positive - out of 2,655 stocks traded, 1,809 advanced, 777 declined and the rest were unchanged on Tuesday.
Rural Postal Life Insurance, a scheme administered by the Department of Post for the rural populace, has grown manifold to develop business worth Rs 6,000 crore (Rs 60 billion) for the 2003-04 fiscal from Rs 550 crore (Rs 5.50 billion) in 1999.
Titan was the biggest gainer in the Sensex pack, rallying 7.97 per cent, followed by ITC, HDFC, Bajaj Finance, and Tata Steel.
The fiscal deficit, gap between expenditure and revenue.
