Business

 Crescent Kashmir

New direct tax regime kicks in from today

New direct tax regime kicks in from today

NEW DELHI : Big changes in India’s direct tax regime will come into force on Wednesday, covering a host of stakeholders, including non-resident Indians (NRIs), company shareholders, digital firms and individual income taxpayers, with provisions of the Finance Act taking effect on 1 April. One of the key changes that take effect applies to non-residents. NRIs […]

 Crescent Kashmir

Coronavirus: Oil prices rise on hopes of a price war truce

Coronavirus: Oil prices rise on hopes of a price war truce

Global oil prices have risen after Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their price war. The cost of crude had fallen to 18-year lows as the two countries slashed prices and ramped up production. At the same time demand has been hit hard by shutdowns […]

 Crescent Kashmir

Sensex up over 600 points in opening deals, Nifty hovers near 8,500-mark on global cues

Sensex up over 600 points in opening deals, Nifty hovers near 8,500-mark on global cues

The benchmark equity indices on the BSE and National Stock Exchange (NSE) opened over 2 per cent on Tuesday taking cues from their Asian peers which edged higher as factory data from China held out the hope of a rebound in activity even as other countries across the globe all but shut down. At 9:15 […]

 Crescent Kashmir

Covid-19 update: Turmoil caused by coronavirus likely to hit gig economy

Covid-19 update: Turmoil caused by coronavirus likely to hit gig economy

The turmoil caused by the outbreak of Covid-19 is expected to derail India’s gig economy, which was projected to touch gross sales of $455 billion by 2023 by industry group Assocham. Led by online food delivery firms Zomato and Swiggy, ride hailing companies Uber and Ola, online homestay brand Airbnb, hospitality chain Oyo and a […]

 Crescent Kashmir

E-commerce, online firms struggle to get permits to deliver essentials, run warehouses

E-commerce, online firms struggle to get permits to deliver essentials, run warehouses

BENGALURU : After four days of the lockdown, e-commerce and other online delivery companies are still struggling to obtain permits to operate warehouse and deliver food, medicines and other essential items to customers. Companies said that there is little coordination not only between the central government and states but within states too, as different cities in […]

 Crescent Kashmir

RBI to infuse ₹3.7 trillion in financial system to boost liquidity

RBI to infuse ₹3.7 trillion in financial system to boost liquidity

The Reserve Bank of India ( RBI) on Friday announced a host of measures aimed at boosting liquidity in the banking system in the backdrop of prevailing economic uncertainty due to coronavirus (COVID-19) outbreak. The specific measures announced by Governor Shaktikanta Das are expected to infuse an additional ₹3,74,000 crore into the banking system as they […]

 Crescent Kashmir

Nifty hold gains as investors pin hope to govt’s fiscal package

Nifty hold gains as investors pin hope to govt’s fiscal package

Sensex, Nifty end in the green Indian equity markets managed to hold decent gains, after rising as much as 5% intraday. Key indices were volatile in opening trade, but traded higher later in the day buoyed by the rise in IT and fast moving consumer goods (FMCG) stocks. The markets rose the most when finance […]

 Crescent Kashmir

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Market in Red: Sensex falls 2,100 points, Nifty below 9,500

Coronavirus fears continued to weigh on the investor sentiments as the BSE Sensex plunged over 2,100 points on Monday. The Nifty 50 on the National Stock Exchange also dropped over 500 points to fall below the 9,500 mark. At 9.37 a.m., the Sensex was trading at 31,960.19, lower by 2,143.29 or 6.28 per cent from […]

 Crescent Kashmir

Saudi Aramco to pump more oil

Saudi Aramco to pump more oil

Energy titan Saudi Aramco said Tuesday it will boost crude oil supplies to 12.3 million barrels per day in April, flooding markets as it escalates a price war with Russia. Riyadh had already slashed its price for April delivery after Russia refused its proposal that producer alliance Opec+ orchestrate a co-ordinated cut of 1.5 million […]

 Crescent Kashmir

Gujarati businessmen invited to invest in J&K

Gujarati businessmen invited to invest in J&K

Srinagar, Mar 10 (IANS): J&K Lt Governor G.C. Murmu has invited Gujarati businessmen to invest in J&K, and 35 MoUs worth Rs 2,141 crore have been inked, a government statement said on Monday. “Gujarati businessmen are successful worldwide and they should also explore the vast investment opportunities in Jammu & Kashmir,” Murmu said, while addressing the captains of the […]

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