The Times Of India Business
Huawei CFO, US reach agreement to resolve bank fraud charges
Huawei Technologies chief financial officer Meng Wanzhou has reached an agreement with US prosecutors to resolve the bank fraud case against her, according to sources familiar with the matter, in a process that should allow her to leave Canada.
Govt borrows 58% of target despite 74% more tax collections
In spite of the Centre collecting a whopping 74 per cent more direct taxes so far this fiscal on an annualised basis at Rs 5.70 lakh crore, it has also borrowed a massive 58 per cent of the budgeted amount during the same period by selling Rs 7.02 lakh crore worth of debt securities in the market.
Ford India head quits after co says to stop making cars in country
Ford Motor Co's India head Anurag Mehrotra has quit the company to pursue other career opportunities, days after the US automaker said it would stop making cars in the Asian nation, taking a hit of $2 billion.
Net direct tax mop-up grows 74% at Rs 5.70L cr this fiscal
The mop up of net direct tax (which is arrived at after deducting refunds from gross collection) between April 1-September 22 was at Rs 5,70,568 crore, a 74.4 per cent growth over Rs 3.27 lakh crore collected in the same period last fiscal, the Central Board of Direct Taxes (CBDT) said in a statement. It is 27 per cent growth over Rs 4.48 lakh crore collected in 2019-20.
CCI clamps down on cartelisation in beer sales
Competition Commission of India (CCI) on Friday imposed penalties totalling over Rs 873 crore on United Breweries Ltd, Carlsberg India, All India Brewers' Association (AIBA) and 11 individuals for cartelisation in the sale and supply of beer.
Sensex journey to 60,000: Explained in 10 charts
Domestic benchmark indices continued their bullish streak on Friday with the BSE sensex crossing yet another milestone of breaching the 60,000-mark. After scaling an intra-day high of 60,333, the 30-share BSE index jumped 163 points or 0.27 per cent to close at fresh peak of 60,048. While, the broader NSE Nifty settled 30 points or 0.17 per cent higher at new record of 17,853.
Amazon launches service aggregating video streaming apps in India
Amazon.com Inc launched in India on Friday eight global and local streaming services on its video platform, in a move aimed at boosting subscriptions. The move comes at a time of increasing competition from global and domestic rivals in an important market for the US tech company.
Sensex zooms over 350 points to hit 60K for first time
It took little over 31 years for the Sensex to traverse from 1,000 points to the historic 60,000 level. The benchmark index was at 1,000 points back on July 25, 1990 and took nearly 25 years before it touched the 30,000 mark on March 4, 2015. The Sensex has climbed from the 30,000 level to 60,000 in little over six years, reflecting the overall bullishness in the market.