business News

To pay or not to pay service charge at restaurants? What the government guidelines say
business

To pay or not to pay service charge at restaurants? What the government guidelines say

Consumers are being 'forced to pay service charge, often fixed at arbitrarily high rates', the Department of Consumer Affairs has told restaurant owners. It has reiterated that eateries are collecting the fee by default, even though it is voluntary

ED records statement of ex-NSE MD Chitra Ramkrishna in money laundering case
business

ED records statement of ex-NSE MD Chitra Ramkrishna in money laundering case

Ramkrishna is lodged in the Tihar jail after she was arrested by the CBI on 6 March in the alleged NSE co-location scam case and other governance irregularities at the bourse

Fuel price cut to gas cylinder subsidy: Five key announcements made by Nirmala Sitharaman
india

Fuel price cut to gas cylinder subsidy: Five key announcements made by Nirmala Sitharaman

The government also announced a fertiliser subsidy of Rs 1.10 crore and a customs duty cut on raw materials for plastic products

India wants WTO to allow food export from public stock for international aid
world

India wants WTO to allow food export from public stock for international aid

The current WTO norms do not permit a member country to export food grains from public stock holdings as they are subsidised grains

Market Roundup: Sensex falls 303 points, Nifty settles at 16,025; check top winners and losers
business

Market Roundup: Sensex falls 303 points, Nifty settles at 16,025; check top winners and losers

BSE Sensex and NSE Nifty 50 failed to hold on to the day’s gains and fell over 0.5 percent. IT fell over 3 percent while banking and financial services were the only gainers.

Explained: How criticism of India’s wheat ban export isn’t accurate
business

Explained: How criticism of India’s wheat ban export isn’t accurate

India is a huge wheat producer, however, most of the grain is used to feed its population of 1.3 billion. Data reveals that the country has an insignificant share (0.47 per cent) when it comes to wheat exports

Gold price today: 10 grams of 24-carat traded at Rs 52,100; silver at Rs 62,000 per kg
business

Gold price today: 10 grams of 24-carat traded at Rs 52,100; silver at Rs 62,000 per kg

In Chandigarh and Surat, 10 grams of 22-carat gold is being sold at Rs 47,910 and Rs 47,830 respectively. The same quantity of 24-carat purity is valued at Rs 52,250 in Chandigarh and Rs 52,170 in Surat.

Market Roundup: Sensex declines 236 points, Nifty settles at 16,125; check top winners and losers
business

Market Roundup: Sensex declines 236 points, Nifty settles at 16,125; check top winners and losers

In terms of sectors, media was the biggest drag. Auto, banking and financial services saw minor gains. India VIX jumped to 25.64 levels.

How Madhya Pradesh supports India’s aspirations of becoming global startup hub
opinion

How Madhya Pradesh supports India’s aspirations of becoming global startup hub

The Indian Startup ecosystem is fuelled by innovation, enthusiasm and entrepreneurial spirit and Madhya Pradesh is an important part of the revolution

What investors consider before investing in a startup
opinion

What investors consider before investing in a startup

The scalability of an idea is one of the prime concerns for an investor, especially when gauging its potential

Gold price today: 10 grams of 24-carat priced at Rs 51,430; silver at Rs 62,100 per kilo
business

Gold price today: 10 grams of 24-carat priced at Rs 51,430; silver at Rs 62,100 per kilo

The price of gold alters every day owing to factors like excise duty, making charges, and state taxes. Gold rates from different cities across the country on Tuesday are:

How apex court gives ‘supreme’ relief to businesses by ending double taxation on ocean freight
opinion

How apex court gives ‘supreme’ relief to businesses by ending double taxation on ocean freight

The SC judgement should act as a catalyst for the GST Council to review all legacy circulars and rules and remove all anomalies in law, making compliance simple and taxpayer-friendly, along with complying with the basic principle of law and canons of taxation

Zomato Q4 net loss widens to Rs 360 crore, revenue up by 75%
business

Zomato Q4 net loss widens to Rs 360 crore, revenue up by 75%

Zomato is aiming for accelerated growth along with further reduction in losses and increasing profits in some time, said Founder and CEO Deepinder Goyal

Interest rates need to move up much more to bring down inflation durably, says Gita Gopinath
business

Interest rates need to move up much more to bring down inflation durably, says Gita Gopinath

The first deputy managing director at IMF, however, said emerging markets had seen a reversal of portfolio flows, but India is better placed than most other countries to handle the volatility

Karnataka HC extends stay on ED order freezing Xiaomi India assets
business

Karnataka HC extends stay on ED order freezing Xiaomi India assets

The ED froze Xiaomi's accounts on 29 April alleging that it has violated the FEMA by illegally transferring money abroad to three companies under the guise of royalty payments

Market Roundup: Sensex declines 37 points, Nifty ends at 16,214; metal falls over 8%
business

Market Roundup: Sensex declines 37 points, Nifty ends at 16,214; metal falls over 8%

Metal stocks were the biggest laggard as domestic indices erased all intraday gains amid a volatile session and auto was the biggest gainer.

Gold price today: 10 grams of 24-carat sold at Rs 51,330; silver at Rs 61,400 per kg
business

Gold price today: 10 grams of 24-carat sold at Rs 51,330; silver at Rs 61,400 per kg

According to the MCX data, gold futures increased by 0.60 per cent to Rs 50,845.00 but silver futures fell by 0.23 per cent to reach Rs 61,421.00

India at Davos: More investments, less conflicts, pandemic-ready infra on leaders' minds
business

India at Davos: More investments, less conflicts, pandemic-ready infra on leaders' minds

Several Indian CEOs as well as government leaders feel that there is a strong need to focus on creating necessary infrastructure for fighting any future pandemic and also to effectively defeat the existing one

GST Council may consider modification in monthly tax payment form for better input tax credit reporting
india

GST Council may consider modification in monthly tax payment form for better input tax credit reporting

A meeting of the Goods and Services Tax (GST) Council, the highest decision making body in the GST matter, is likely to be held next month

CNG price increased by Rs 2 per kg in Delhi-NCR with effect from today
business

CNG price increased by Rs 2 per kg in Delhi-NCR with effect from today

With the latest hike, CNG is now available at Rs 86.07 per kg in Rewari and Rs 84.27 per kg in Karnal and Kaithal in Haryana