Draft Scheme circulated to settle disputes related to govt contracts
With respect to cases of ongoing litigation for disputes arising out of contracts in which physical activity has been stopped or contracts terminated, the settlement amount would be 30% of the net claim amount. For ongoing litigation where physical activity in the disputed contract is ongoing, the settlement amount would be 20% of the net […]
Cos may have to cough up steeper penalties for antitrust violations
Currently, the Competition Commission of India (CCI) imposes a penalty up to 10% of a company’s average turnover in the relevant market. The government may tweak this by changing the definition of average turnover by adding an explanation that it means the “global turnover derived from all products and services by a person or an […]
Moderate rate hike gives leeway to make data-driven changes in monetary policy: Shaktikanta Das
“The issue of changing the monetary policy stance and withdrawal of accommodation till inflation falls to the desired level is like a chicken and egg question and that I want the chicken to decide,” the governor said jokingly, while addressing reporters at the post-policy presser, refusing to offer a guidance on the monetary policy stance.
India-Pakistan trade stood at USD 1.35 billion during April-December 2022
Similarly, the country’s trade with China has aggregated at about USD 87 billion during the nine-month period of this fiscal, according to the data provided by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Lok Sabha.
Indian households’ inflation expectations moderating: RBI’s January survey
India’s annual retail inflation rate eased to 5.72% in December from 5.88% in the previous month, falling below the RBI’s upper tolerance band of 2%-6% for a second straight month, though core inflation, which excludes more volatile food and fuel prices, was still running at 6.1%.
Tech View: Nifty forms green candle to rise above short-term average. What traders should do on Thursday expiry
If we have to surpass the sturdy wall of 17900–18000, banking heavyweights should contribute convincingly. Above this, the market will come out of the recent congestion zone, and we may see good broad-based participation thereafter
Digital currency has 50,000 users, 5,000 merchants: RBI
RBI said 50,000 users and 5,000 merchants are transacting through eight banks at present, and another five lenders are set to join soon. The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities, RBI said.
Shree Cement Q3 Results: PAT declines 44% YoY to Rs 277 crore
However, its revenue from operation grew 15% YoY at Rs 4,069 crore during the October-December 2022 period compared to Rs 3,552 crore in the year-ago period.
Bharti Airtel shares fall even after Q3 profit rises 92% YoY. Should you buy, sell or hold?
The total expenses in the third quarter rose to Rs 17,351 crore from Rs 15,164 crore a year ago, and Rs 16,933 crore a quarter ago. Spectrum usage charges in the quarter increased 4% YoY to Rs 2,842 crore but were down 4% sequentially.
10 auto stocks that can race ahead after Budget 2023
With an effective provision of capital outlay of Rs 13.7 lakh crore, various brokerages believe that Budget 2023 will make a positive impact on the domestic automobile industry. Also in the Budget, customs duty exemption has been extended on the import of capital goods and machinery required for manufacturing lithium-ion cells for batteries used in […]