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Cheaper Venezuelan crude may return to India from Feb 

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 In contrast, Venezuelan crude can be bought with effective discounts of around $8-10 per barrel after the US eased sanctions against the country mid-October,...
Funding

Officials said there is no need to review the tax exemption system  due to  actions by the US and  EU  

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 The RoDTEP scheme, announced in January 2021, refunds  general taxes  and  duties,  such as VAT on fuel used in  transport,  mandi tax and  electricity...
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India  surpasses  Hong Kong  to become the world’s leading country the fourth stock exchange in terms of market capitalization 

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 The Indian  stock market  surpassed  Hong  Kong  for the first  time to rank fourth in the world,  Bloomberg reported.   According to data compiled by Bloomberg,...
Funding

The Indian  IPO market is  vibrant. It’s  also broken 

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 India's IPO market has seen more companies  launch in  the past year than China and Japan combined, but  historically,  most have  been  unprofitable.    India is...
Funding

Stock market and money market shut on January 22, all public issues and listings deferred by a day 

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 All equity and forex market shut on account holiday in financial institutions across Maharashtra to mark Ram Mandir Pran Pratisthan.    The stock market and the...
Funding

Stock  exchanges  today:  NSE and  BSE  remain closed for Ayodhya Ram Mandir  ‘Pran Pratishta’  ceremony 

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 Stock  Exchange Today: Following  'Pran Pratishtha'  at  Ayodhya Ram Mandir, the  Government of Maharashtra has declared  Monday, January 22, 2024, as  a public  holiday. ...
Funding

Tax  cuts  for  low-income earners, investment spending in the budget  likely  to increase  

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 The  final budget  session  of the 17th  National Diet  will be held  from  January  31st to  February  9th.  The  interim budget is expected to ...
Funding

Tata Group  secured  IPL sponsorship rights  for 5 years  for $300 million 

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Some IPL franchise owners  went  on to buy teams in  the  T20 leagues in the  UAE,  South Africa, West Indies and the United States. Tata...
Funding

ICICI  Bank’s  Q3 net  profit rose  23.6% to Rs 10,272 crore 

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 In  Q3FY24,  provisions included Rs 627 crore  for investment  in  alternative investment funds, according to  the  RBI's  December  notification.     ICICI Bank, the private  sector  lender, ...
Funding

Standardised norms in offing to check AI systems, robustness

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Once the norms are devised, companies deploying AI technologies would be rated on various parameters like the time taken to restore the system in...
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