If you are trying to invest in the equity market through a sub-broker, he will tell you that he is required to pay GST on his earning. Like any business, sub-brokers also come under the GST rules and need to pay taxes as per the slabs. The new service tax regime has brought the sub-broker …
As widespread digitisation has become the new norm, the government of India has taken a step further to simplify GST filing through a digitised platform. From October 1, e-invoicing for GST will become mandatory. However, the changed policy will implement only on businesses with a turnover of more than Rs 500 crores. Businesses below the …
CoronaVirus outbreak in the country is going to leave a tremendous financial impact on several sectors, including sweets and snacks industry which is currently struggling under reduced demand and depleting labour force. An official said on June 15 that projected revenue loss for snacks industry due to COVID-19 could amount up to Rs 35,000 crore …
In the last three months Reliance platform, which also includes Reliance Jio has raised Rs 2,12,809 crore in capital investment from some of the leading global brands. Google, the global technology behemoth is the latest one to join the rank with several others. In the latest deal struck between Reliance Jio and Google, the latter …
The Security Issuance Committee of Shriram Transport Finance Company (STFC) has okayed the proposal to launch Rs 1500 crores rights issues to its existing stakeholders. In a meeting on Monday, July 6, the committee agreed to issue rights issue to raise funds from the market. In its filing announcement, the company declared that the promoter …
The US retail behemoth and prime shareholder of Flipkart, Walmart has announced a new investment of $1.2 billion in the Indian e-commerce unicorn. It will increase the percentage of majority-stake of Walmart in the e-commerce platform and will bring up the post-money valuation of Flipkart to $24.9 billion. In 2018, Walmart acquired 77 percent of …
Earlier this month, the US benchmark crude oil prices turned negative for the first time in history, sending shockwaves across global energy and financial markets. Ahead of the expiry, May futures for US crude oil WTI closed at $37.63 a barrel. The negative prices led the commodity exchange, MCX, to settle crude oil contracts at …
India’s love for gold is phenomenal. Since ancient times, it has remained the country’s favourite choice as an asset and investment. In society, how much gold one holds is an important determinant of one’s social and economic status. Although with time, preference for investing in physical gold has declined, it has never lost its sheen …
Silver Lake buys stake in Reliance Jio Days after social media giant Facebook bought a stake in India’s largest telecom company, Reliance Jio, an American private equity giant Silver Lake Partners has invested Rs 5,655.75 crore in Jio Platforms. Post the deal, Jio Platforms, which is a digital unit of Reliance Industries Ltd (RIL) will …
The Prime Minister on 12th May announced 20 lakh crore economic revival package as post lockdown plan to set industrial wheels churning again. The market welcomed the news with great enthusiasm and termed it as right approach to convert this present crisis into opportunity. PM Modi’s new deal on stock market : Received positive reaction …
