India’s services sector activity in November registers second-fastest pace of growth since July 2011: Survey

The seasonally adjusted India Services Business Activity Index was at 58.1 in November, fractionally down from 58.4 in October. India’s services sector activity expanded at the second-fastest pace in more than a decade during November, driven by sustained rise in new work and improvement in market conditions, a monthly survey said on Friday. The seasonally adjusted India Services Business Activity […]

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Reliance Retail acquires ‘amanté’ from MAS Holdings

RRVL, the retail arm of Mukesh Ambani-led Reliance Industries Limited, has acquired 100% stake of ‘amante’ brand from MAS, according to a joint statement issued by the two companies. Reliance Retail Ventures Limited (RRVL) has acquired retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for an undisclosed amount. The […]

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Are you investing? Take a minute to ponder

It is important to understand the distinction between investment and consumption assets when it comes to taking financial decisions Like many individuals, you may be living in your own mortgage-free house. Do you consider your self-occupied house as an investment? In this article, we discuss what defines an investment and why many consider consumption assets as investments. Investment versus wealth […]

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‘PLI will allow AC sector to compete globally’

Firms see 3-fold jump in value added The production linked incentive (PLI) scheme approved by the Centre earlier this week would help provide a level-playing field to domestic players and create an enabling environment for the industry to compete globally, leading manufacturers said. Firms would get an opportunity to make high-quality products on par with global counterparts, said industry players […]

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Nirmala Sitharaman to attend G-20 joint Finance, Health Ministers’ meeting in Rome

Finance and Health Ministers will discuss how to keep momentum in response to the pandemic and build on further coordination arrangements between the Ministries Finance Minister Nirmala Sitharaman will attend the G-20 joint Finance and Health Ministers’ meeting in Rome on October 29, which among other things will discuss COVID pandemic prevention and response. “Union Finance Minister Smt. @nsitharaman embarks […]

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To buy-and-hold or rebalance?

If market continues to move up, buy-and-hold is a good strategy; if you expect it to fall after a prolonged rise, consider rebalancing The stock market is on a continual uptrend. Your biggest risk now is complacency. Having seen the market go up higher each time it declines, you may be tempted to hold your equity investments. It is not […]

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EV firm Wardwizard mulls ₹150-crore capex

It may set up units in South and East Wardwizard Innovations & Mobility Ltd., a BSE listed electric vehicles (EV) company, is planning to invest ₹150 crore in the development of new products, meeting working capital requirements and setting up manufacturing facilities in the South and the East to cater to the growing demand for EVs. To stay closer to […]

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Centre notifies rules to settle Vodafone retro tax case

The government has promised to refund any tax collected using the controversial 2012 amendment to the Income Tax Act The government has notified a fresh set of rules to facilitate settlement of the retrospective tax dispute with British telecom giant Vodafone Plc. The Central Board of Direct Taxes (CBDT) on October 13 notified ‘Relaxation of Validation (Section 119 of the […]

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India's IndiGo sees Tata as 'formidable competition' after Air India deal

IndiGo controls more than half of the Indian domestic market but its international operations are far smaller than Air India’s India’s largest airline IndiGo expects Tata Sons to be "formidable competition" once the conglomerate finalises its $2.4 billion purchase of Air India from the government, the budget airline’s chief executive said. Tata also owns a majority stake in Vistara, a […]

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