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Rupee closes at new life level of 78.33 per dollar The rupee depreciated by 1 paise to settle at a new all-time low of 78.33 against the US dollar. On a volatile trading day, the rupee started with gains on Friday but ended at its record low, marking the third day in a row of…
New labor law: How will you change salary, PF contribution in hand from July 1 Salary in hand, employee provident fund contribution and working hours may change significantly as the Center plans to implement the new labor laws from July 1. The newly fixed wage codes stipulate a series of amendments that will result in…
At present, the auto drafted Input Tax Credit (ITC) statement is included in the GSTR-3B of the taxpayer. New Delhi: The GST Council in its meeting next week may consider a proposal to make changes in the monthly tax payment form – GSTR-3B, which would include auto-population of outward supplies from sales returns and non-editable…
Crypto broker Voyager Digital has reduced the daily withdrawal limit to $10,000. Does According to an update on the company’s website, crypto broker Voyager Digital Ltd has reduced its daily withdrawal limit from $25,000 to $10,000. The company said on Wednesday it may issue a default notice to its subsidiary, Three Arrows Capital Ltd., if…
Rupee recovers from record low, gains 12 paise to open at 78.20 per dollar The rupee depreciated early Friday after closing at its all-time low of 78.32 against the dollar in the past two sessions. That pullback was primarily driven by declining commodity prices that offered tightening of inflationary fears and the resulting aggressive policy….
IndianOil expects oil prices to exceed $100 per barrel in 2022 New Delhi: An IndianOil finance official said on Friday that he expects oil prices to remain above $100 a barrel for the rest of 2022 amid the Ukraine crisis. IndianOil’s director of finance, Sandeep Kumar Gupta, also told an industrial symposium that he expects…
Global M&A braced for dry spell as boardroom halts expansion Global deal-making is entering a dry season as rising inflation and a stock market route has curbed the thirst of many corporate boards to expand through acquisitions. Russia’s invasion of Ukraine in February and fears that an economic slowdown was imminent, jolted merger and acquisition…
RBI drafts rules for outsourcing of IT services by banks and NBFCs New Delhi: In order to ensure effective management of risks in outsourcing of IT activities by banks, NBFCs and other regulated entities, the Reserve Bank of India (RBI) issued a draft ‘Master Direction on Outsourcing of IT Services’. Regulated entities are widely leveraging…
Suzuki and Toyota to jointly bring their first hybrid vehicle to the Indian market New Delhi: Toyota Motor Corp and Suzuki Motor Corp on Friday said they will start production of their first hybrid vehicle in India in August as part of a partnership formed by the two Japanese carmakers in 2017. The hybrid sport…