Russia Could Buy Yuan, Rupees, Turkish Lira For Rainy Day Fund: Report
Friday August 12, 2022, MoscowRussia 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
Edited by NDTV Business Desk | Friday August 12, 2022Earlier, only commercial properties like offices or retail spaces given on rent or lease attracted GST.
Pension Fund Body Enables UPI Payment For Pension Contributions
Press Trust of India | Friday August 12, 2022, New DelhiSubscribers 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
Asian News International | Friday August 12, 2022, New DelhiPassenger 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
Press Trust of India | Friday August 12, 2022, New DelhiState-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
Press Trust of India | Friday August 12, 2022, New DelhiThe 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
Press Trust of India | Friday August 12, 2022, New DelhiState-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
Edited by NDTV Business Desk | Friday August 12, 2022More 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
Friday August 12, 2022, TokyoSoftBank 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
Edited by NDTV Business Desk | Friday August 12, 2022Rupee 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
Edited by NDTV Business Desk | Friday August 12, 2022Stock 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
Press Trust of India | Friday August 12, 2022, New DelhiGold 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
Reuters | Friday August 12, 2022, LondonBritish 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
Asian News International | Friday August 12, 2022, New DelhiFMCG 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
Reuters | Friday August 12, 2022, ShanghaiA 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.
