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Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report

Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report

Friday August 12, 2022, Moscow

Russia is considering buying the currencies of "friendly" countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars or euros due to sanctions, the central bank said on Friday.

18% GST (Tax) On House Rent: See Who Will Pay

18% GST (Tax) On House Rent: See Who Will Pay

Edited by NDTV Business Desk | Friday August 12, 2022

Earlier, only commercial properties like offices or retail spaces given on rent or lease attracted GST.

Pension Fund Body Enables UPI Payment For Pension Contributions

Pension Fund Body Enables UPI Payment For Pension Contributions

Press Trust of India | Friday August 12, 2022, New Delhi

Subscribers of two pension schemes of the Pension Fund Regulatory and Development Authority will be able to make contributions through UPI as well, the authority said on Friday.

Passenger Vehicle Sales Rise By 11% In July As Chip Supply Improves

Passenger Vehicle Sales Rise By 11% In July As Chip Supply Improves

Asian News International | Friday August 12, 2022, New Delhi

Passenger vehicle dispatches to dealers in India rose by 11 per cent year-on-year in July 2022 helped by improvement in semiconductor supplies, as per data released by automobile manufacturing body SIAM on Friday.

SJVN Net Jumps Over 78% To Rs 609 Crore In June Quarter

SJVN Net Jumps Over 78% To Rs 609 Crore In June Quarter

Press Trust of India | Friday August 12, 2022, New Delhi

State-owned power producer SJVN Ltd on Friday posted an over 78 per cent jump in consolidated netprofit to Rs 609.23 crore in the June quarter, mainly on the back of higher revenues.

No GST On Residential Premises If Rented For Personal Use: Government

No GST On Residential Premises If Rented For Personal Use: Government

Press Trust of India | Friday August 12, 2022, New Delhi

The government on Friday said GST will not be applicable on residential units if they are rented out to private persons for personal use.

Power Finance Corporation June Quarter Profit Up Marginally At Rs 4,580 Crore

Power Finance Corporation June Quarter Profit Up Marginally At Rs 4,580 Crore

Press Trust of India | Friday August 12, 2022, New Delhi

State-owned Power Finance Corporation (PFC) on Friday posted a marginal rise in consolidated net profit at Rs 4,579.53 crore for June quarter 2022-23.

Johnson & Johnson To Stop Selling Talc-Based Baby Powder From 2023

Johnson & Johnson To Stop Selling Talc-Based Baby Powder From 2023

Edited by NDTV Business Desk | Friday August 12, 2022

More than two years after it stopped selling talc-based baby powder in the United States and Canada, healthcare products giant Johnson & Johnson has announced that it will discontinue the product worldwide.

With Alibaba Stake Cut, SoftBank's CEO Cools Toward China Tech

With Alibaba Stake Cut, SoftBank's CEO Cools Toward China Tech

Friday August 12, 2022, Tokyo

SoftBank Group Corp's decision to sell down its Alibaba Group Holding stake for a $34 billion gain may be aimed at shoring up cash reserves, but it also underlines how CEO Masayoshi Son has cooled on China tech.

Rupee Ended Weak On Dollar's Resurgence After Fed Officials' Rate Hike Views

Rupee Ended Weak On Dollar's Resurgence After Fed Officials' Rate Hike Views

Edited by NDTV Business Desk | Friday August 12, 2022

Rupee Today: The Indian currency weakened a touch on Friday on dollar's resurgence.

Nifty, Sensex Extend Weekly Gains For 4 Straight Weeks, Longest Winning Streak Since January

Nifty, Sensex Extend Weekly Gains For 4 Straight Weeks, Longest Winning Streak Since January

Edited by NDTV Business Desk | Friday August 12, 2022

Stock Market India: Equity benchmarks ended Friday on a high, extending gains for a fourth straight week and marking the longest winning streak since January.

Gold Declines Rs 90; Silver Falls Rs 374

Gold Declines Rs 90; Silver Falls Rs 374

Press Trust of India | Friday August 12, 2022, New Delhi

Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities.

Abrdn Buys Stake In Digital Assets Exchange Archax

Abrdn Buys Stake In Digital Assets Exchange Archax

Reuters | Friday August 12, 2022, London

British asset manager abrdn has bought a stake in digital assets exchange Archax, amid a wider push by investors into crypto-assets despite a recent plunge in value.

Amit Burman Steps Down As Chairman Of Dabur India

Amit Burman Steps Down As Chairman Of Dabur India

Asian News International | Friday August 12, 2022, New Delhi

FMCG firm Dabur India Limited on Friday said Amit Burman has stepped down as chairman of the company with effect from August 10, 2022.

Hacker Offers To Sell Data Of 48.5 Million Users Of Shanghai's Covid App

Hacker Offers To Sell Data Of 48.5 Million Users Of Shanghai's Covid App

Reuters | Friday August 12, 2022, Shanghai

A hacker has claimed to have obtained the personal information of 48.5 million users of a COVID health code mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub's data in just over a month.

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