Government of India working on New Income Tax Act
The Finance Ministry’s Revenue Department is expediting a comprehensive review of the Income Tax Act of 1961 to simplify and condense it by removing up...
Tag : India
e6data Secured USD 10 Million in Series A Funding led by Accel
Enterprise software company e6data has secured a USD 10 million Series A funding round led by Accel and with participation from Beenext. e6data aims to...
Gross Direct Tax Collections Surged by 21% to Rs 12.01 Lakh Crores, April-Mid Sept Data
India’s gross direct tax collections for 2024 showed significant growth, with a 21.48% increase as of September 17, 2024. The surge in Securities Transaction Tax...
US Fed Interest Rate Cut by 50 Basis Points and its Impact on India
On Wednesday, September 18, the US Federal Reserve cut interest rates by 50 basis points, marking the first reduction over four years. In its announcement,...
India’s Trade Deficit Widened in August as Exports Slump and Imports Surge to Record High
According to the Commerce Ministry, India’s total exports, including both merchandise and services, dropped by 2.4% to $65.4 billion in August 2024, compared to $67...
Manba Finance IPO GMP, Open & Close Date, IPO Details, and Company Overview
Introduction To Manba Finance IPO The IPO of Manba Finance is a book-built issue worth Rs 150.84 crores, consisting entirely of a fresh issue of...
India Becomes Important Towards Modernising Mainframes
While mainframes may not dominate tech conversations today, they continue to play a critical role in industries like banking, airlines, government, and retail. Since the...
Nifty 50, Sensex Hit Record Close Before US Rate Decision
Benchmark indices Nifty 50 and Sensex remained steady throughout Tuesday, closing at record highs as traders awaited the US Federal Reserve’s key rate decision, set...
Lenovo to Manufacture AI servers in India
Lenovo recently announced that it had commenced production of large, high-performance computers in Pondicherry, a region in southeastern India, expanding beyond its current lineup of...
Container Import Dependence and Higher Freight Costs Hurt India’s Exports: GTRI
According to the Global Trade Research Initiative (GTRI), India needs to make more containers, use more containers made in India, strengthen its shipping companies, and...