Financial Express Mumbai - May 20, 2023
Financial Express Mumbai - May 20, 2023
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In this issue
May 20, 2023
No TCS on forex payment up to ₹7 lakh through credit cards
THE GOVERNMENT ON Friday relaxed the recently notified regulations on spending in foreign exchange through international credit cards, amidst the concerns raised by a cross-section of the stakeholders.
2 mins
Govt softens angel tax blow
LIBERAL EXEMPTIONS, EASIER VALUATION NORMS. SAFE HARBOUR OF 10% VARIATION
3 mins
RBI approves surplus transfer of ₹87,416 crore
Centre's FY24 dividend receipts seen at over ₹1.5 trn
3 mins
No regulatory failure in Adani probe: SC panel
THE SIX-MEMBER committee set up by the Supreme Court has not found any concrete evidence of regulatory failure on the part of market regulator Securities and Exchange Board of India (Sebi) in dealing with the alleged breach in securities laws with respect to the Adani Group.
3 mins
₹2,000 notes to be withdrawn
Exchange window kept open from May 23 to Sept 30
2 mins
Govt not to sell ITC stake in FY24
7.85% STAKE WORTH ABOUT ₹41,000 CR. SEEKS 'OPPORTUNE TIME' TO OFFLOAD ITS BALANCE HZL STAKE
2 mins
Summer crop area dips 3%
6.99 MN HECTARES SOWN. PADDY, OILSEEDS COVERAGE DECREASES 7%
1 min
No more sugar exports to be allowed this season
6 million tonne of the sweetener shipped
1 min
Tesla serious about India production: Chandrasekhar
TESLA IS \"SERIOUS\" about its plans to establish a manufacturing base in India, the country's minister of state for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker.
1 min
'Expect govt action against Google in coming weeks'
THE GOVERNMENT PLANS to take action against Google after the Competition Commission of India last year found the tech giant to have abused its market position by indulging in anti-competitive practices, minister of state for IT Rajeev Chandrasekhar said.
1 min
'ECB needs to keep interest rates high'
THE EUROPEAN CENTRAL Bank needs to keep interest rates high to curb inflation in the medium term, its president Christine Lagarde said on Friday, signalling more monetary tightening.
1 min
Bandhan Bank profit dives 58% in March qtr
BANDHAN BANK ON Friday reported a 57.5% year-on-year decline in its net profit to ₹808.29 crore for the fourth quarter last fiscal as provisions rose sharply and the operating profit decreased.
1 min
Muthoot Finance profit falls 6%
GOLD LOAN MAJOR Muthoot Finance on Friday posted a standalone net profit of ₹903 crore for Q4FY23, compared with ₹960 crore for the year-ago period, registering a decline of 6%.
1 min
Sebi seeks to boost liquidity in corporate bond market
WITH AN AIM to boost liquidity in the secondary market for corporate bonds, Sebi on Friday came out with a proposal for enabling direct participation by clients in the tri-party repo segment for corporate bonds.
1 min
Financial Express Mumbai Newspaper Description:
Publisher: The Indian Express Ltd.
Category: Newspaper
Language: English
Frequency: Daily
The Financial Express brings the latest and breaking business news from Markets and Industries in India.
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