The country’s airline fleet is expected to contract by 15 to 20 aircraft to less than 700 in the current fiscal year through March 2022, as carriers retire more planes than they induct due to weak passenger demand, consultant CAPA said. Indian airlines are expected to induct 69 planes during the year and retire 86 aircraft, some of which could be …
Read More »Government Exempts Tax On COVID-Related Aid, Extends Deadlines On Tax Compliances
The government extended the timelines of filing tax compliances amid COVID-19 The government extended deadlines for various income tax compliances on Friday, June 25, and said that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax, in order to provide relief amid …
Read More »Income Tax Relief On Money Received For Covid Treatment From Employers
Taxpayers can make payments till October 31 (Representational) New Delhi: The government on Friday extended deadlines for various income tax compliances and said the amount paid by an employer to employees for COVID-19 treatment would be tax-exempt. Also, payment received from employer by family members in case of death …
Read More »Foreign Exchange Reserves Decline To $604 Billion On Slide In Gold Assets
Sliding from a lifetime high, India’s forex reserves declined by $4.148 billion to reach $603.933 billion for the week ended June 18 due to a fall in gold and currency assets, RBI data showed on Friday. The forex kitty had surged by $3.074 billion to a record high of …
Read More »Delhi Metro Installs Steel Girders Instead Of Concrete To Complete Civil Work On Pink Line’s Trilokpuri Section
Delhi Metro Pink Line’s missing stretch was Mayur Vihar Pocket 1-Trilokpuri Sanjay Lake Delhi Metro authorities completed the civil work on the Pink Line’s ‘missing’ section – between Mayur Vihar Pocket 1- Trilokpuri Sanjay Lake, by installing steel girders, instead of concrete girders, for joining the two ends of the Pink …
Read More »Laurus Labs Shares Surge On Credit Rating Upgrade
Shares of drug maker – Laurus Labs – rose as much as 9.16 per cent to hit record high of Rs 682.95 after credit rating agency CARE Ratings upgraded its long term banking facilities. CARE Ratings upgraded Long Term Bank Facilities worth Rs 1,930.64 crore to CARE AA Stable …
Read More »Ashok Leyland Soars Over 6% On Turnaround In March Quarter Earnings
At 11:30 am, Ashok Leyland shares were trading higher by 6.47 per cent on the BSE Ashok Leyland shares soared more than 6 per cent in a flat market after the auto company reported a turnaround in the March quarter. Ashok Leyland reported a net profit of Rs 241.17 …
Read More »Accenture’s Profit Rises 25% To $1.57 Billion, Raises Business Outlook
The global information technology firm Accenture reported strong third quarter earnings helped by higher demand for digital transformation amid the ongoing Covid-19 pandemic. Accenture’s net profit for the quarter jumped 25 per cent to $1.57 billion compared with $1.25 billion in the same quarter last year, the company said …
Read More »Are Bank Fixed Deposits A Worthwhile Investment Option? Read On To Find Out
In case you wish to put your money in an FD, it’s better to do so with a reputed bank At a time when equity markets are facing a lot of heat due to the COVID-19 pandemic, with volatility dominating, investors are forced to look for a safe haven …
Read More »Tips To Manage Investments In The Face Of High Inflation?
There are some tangible assets that grow in value as they age such as vintage cars and fine art As the retail inflation for the month of May increased to 6.3% from 4.23% in April, most people have started feeling the squeeze on their investments. The rise in retail …
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