Message: Return type of CI_Session_null_driver::open($save_path, $name) should either be compatible with SessionHandlerInterface::open(string $path, string $name): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice
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The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance
The gems and jewellery industry has made a strong plea to the government to reduce the Goods and Services Tax (GST) from 3% to 1% in the upcoming Budget. According to the All India Gem and Jewellery Domestic Council (GJC), this move would reduce the industry's growing cost burden, especially amid rising gold prices, and improve affordability for consumers, particularly in rural areas. Rajesh Rokde, Chairman of GJC, emphasized that such a reduction would also promote better tax compliance
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
Goldman Sachs has set a target price of Rs 500 per share for ITC Ltd. following the company's recent demerger, citing strong potential for profitability growth and the expansion of its consumer business. The brokerage firm highlighted a steady recovery in the cigarette business, predicting healthy earnings growth from fiscal 2023-25. The target represents an upside of 13% from the stock's previous close.
ITC shares saw a nearly 6% adjustment in a special pre-open session on
On Tuesday, both the S&P 500 and Dow Jones Industrial Average saw slight increases, as traders prepared for the upcoming release of US jobs data. The S&P 500 rose by over 0.39%, while the Nasdaq Composite and Dow Jones gained 0.26% and 0.38%, respectively. Nvidia, Walt Disney, Boeing, Nike, and Coca-Cola were some of the key gainers, with Nvidia's stock rising 1.5%. However, companies like Amazon, Goldman Sachs, and Salesforce faced declines after a Monday rally. The market will c
On Tuesday, both the S&P 500 and Dow Jones Industrial Average saw slight increases, as traders prepared for the upcoming release of US jobs data. The S&P 500 rose by over 0.39%, while the Nasdaq Composite and Dow Jones gained 0.26% and 0.38%, respectively. Nvidia, Walt Disney, Boeing, Nike, and Coca-Cola were some of the key gainers, with Nvidia's stock rising 1.5%. However, companies like Amazon, Goldman Sachs, and Salesforce faced declines after a Monday rally. The market will c
On January 3, 2025, the cryptocurrency market continued its positive momentum, reflecting profits for the third consecutive day. Bitcoin (BTC) witnessed a 1.82% increase in its price on international exchanges, reaching $96,863 (around Rs. 83.05 lakh). On Indian exchanges, Bitcoin saw a slightly higher price of $97,042 (roughly Rs. 83.2 lakh), marking a 2.28% price surge.
Investor sentiment around Bitcoin remains optimistic, with the Fear-Greed Index indicating a rise in market conf
On January 3, 2025, the cryptocurrency market continued its positive momentum, reflecting profits for the third consecutive day. Bitcoin (BTC) witnessed a 1.82% increase in its price on international exchanges, reaching $96,863 (around Rs. 83.05 lakh). On Indian exchanges, Bitcoin saw a slightly higher price of $97,042 (roughly Rs. 83.2 lakh), marking a 2.28% price surge.
Investor sentiment around Bitcoin remains optimistic, with the Fear-Greed Index indicating a rise in market conf
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31.
Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note
This New Year’s Eve marked a remarkable recovery for the restaurant industry, with occupancy rates 15-30% higher than last year, defying concerns of low consumer spending amidst persistent inflation. Many dining spots reported record-breaking sales and packed houses, especially on December 31.
Zorawar Kalra, founder of Massive Restaurants Pvt., mentioned that several of their chains achieved "all-time high" sales. Rajit Shetty from the Ramee Group of Hotels also note
India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun
India's government is investigating rising steel imports, particularly in two categories of flat-rolled steel products (HS 7208 and 7210), which account for over 75% of the surge in imports. Instead of implementing global safeguards, experts suggest that India should focus on Free Trade Agreement (FTA)-specific safeguards and measures targeting China. Many imports come duty-free under FTAs with coun
Tether's Web3 Investment Move
Tether, known for issuing the USDT stablecoin, has entered the Web3 investment space by committing $2 million to Arcanum Capital's Emerging Technologies Fund II. Arcanum Capital focuses on funding projects related to blockchain, cryptocurrency, and Web3 sectors. This marks Tether's first investment in Web3 since its inception in 2014.
Focus on Holepunch Technology
Through this investment, Tether aims to support the development
Tether's Web3 Investment Move
Tether, known for issuing the USDT stablecoin, has entered the Web3 investment space by committing $2 million to Arcanum Capital's Emerging Technologies Fund II. Arcanum Capital focuses on funding projects related to blockchain, cryptocurrency, and Web3 sectors. This marks Tether's first investment in Web3 since its inception in 2014.
Focus on Holepunch Technology
Through this investment, Tether aims to support the development
Adani Enterprises is set to exit its joint venture with Adani Wilmar, selling its 44% stake to Wilmar International. This move is expected to raise over $2 billion for Adani Enterprises, which will be used to boost investments in its core infrastructure platforms, including energy, utilities, transport, and logistics.
The transaction involves two steps: Adani Enterprises will sell 13% of Adan
Adani Enterprises is set to exit its joint venture with Adani Wilmar, selling its 44% stake to Wilmar International. This move is expected to raise over $2 billion for Adani Enterprises, which will be used to boost investments in its core infrastructure platforms, including energy, utilities, transport, and logistics.
The transaction involves two steps: Adani Enterprises will sell 13% of Adan
On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next res
On December 30, the cryptocurrency market saw a decline in most assets, including Bitcoin, which experienced a minor dip of under one percent. According to CoinMarketCap, Bitcoin was trading at $93,197 (approximately Rs. 79.6 lakh) on international exchanges, while Indian exchanges such as Giottus and CoinDCX showed the price at around $101,719 (approximately Rs. 86.9 lakh). Despite the pullback, Bitcoin remained above its 200-day moving average, signaling strong buying interest. The next res
India has initiated anti-dumping investigations into two Chinese products—nylon filament yarn and trimethyl dihydroquinoline (TDQ). The investigations were triggered by petitions from domestic companies, such as Century Enka Ltd., Gujarat Polyfilms Ltd., and Oriilon India Ltd., for nylon filament yarn, and NOCIL Ltd. for TDQ. The Directorate General of Trade Remedies (DGTR) is looking into whether these cheap imports from China and Vietnam have caused material harm to local industries.
India has initiated anti-dumping investigations into two Chinese products—nylon filament yarn and trimethyl dihydroquinoline (TDQ). The investigations were triggered by petitions from domestic companies, such as Century Enka Ltd., Gujarat Polyfilms Ltd., and Oriilon India Ltd., for nylon filament yarn, and NOCIL Ltd. for TDQ. The Directorate General of Trade Remedies (DGTR) is looking into whether these cheap imports from China and Vietnam have caused material harm to local industries.
The Mega Millions jackpot has soared to $1.15 billion, making it the fifth-largest prize in the game’s history ahead of the drawing on Friday, December 27, 2024, at 11 p.m. ET. However, the amount you take home depends on your payout choice and the taxes you owe.
Federal Taxes on Lottery Winnings
Lottery winnings are subject to federal taxes. While 24% is automatically withheld upfront, winners w
The Mega Millions jackpot has soared to $1.15 billion, making it the fifth-largest prize in the game’s history ahead of the drawing on Friday, December 27, 2024, at 11 p.m. ET. However, the amount you take home depends on your payout choice and the taxes you owe.
Federal Taxes on Lottery Winnings
Lottery winnings are subject to federal taxes. While 24% is automatically withheld upfront, winners w
Cochin Shipyard’s stock saw a significant surge on Friday, hitting an upper circuit limit, following the announcement of a major order from Adani Ports and Special Economic Zone Ltd. The order, valued at approximately Rs 450 crore, is for the construction of eight state-of-the-art harbour tugs, making it the largest contract for the company under the government’s Make in India scheme.
Adani Ports emphasized its commitment to the "Make in India" and "Aatman
Cochin Shipyard’s stock saw a significant surge on Friday, hitting an upper circuit limit, following the announcement of a major order from Adani Ports and Special Economic Zone Ltd. The order, valued at approximately Rs 450 crore, is for the construction of eight state-of-the-art harbour tugs, making it the largest contract for the company under the government’s Make in India scheme.
Adani Ports emphasized its commitment to the "Make in India" and "Aatman
Jubilant FoodWorks Ltd., a subsidiary of the Jubilant Bhartia Group, has entered into a memorandum of understanding (MoU) with Coca-Cola India Pvt. to acquire its sparkling beverage portfolio and other products from the company's authorized bottlers. The deal, set to begin in April 2025, will see Coca-Cola’s authorized bottlers supplying sparkling beverages to Jubilant FoodWorks, which will handle the marketing of these products.
The move is expected to enhance Jubilant Fo
Jubilant FoodWorks Ltd., a subsidiary of the Jubilant Bhartia Group, has entered into a memorandum of understanding (MoU) with Coca-Cola India Pvt. to acquire its sparkling beverage portfolio and other products from the company's authorized bottlers. The deal, set to begin in April 2025, will see Coca-Cola’s authorized bottlers supplying sparkling beverages to Jubilant FoodWorks, which will handle the marketing of these products.
The move is expected to enhance Jubilant Fo
In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams.
Destination weddings, which
In 2024, the wedding industry in India has seen a resurgence in spending after the lull caused by the pandemic, with metropolitan cities driving a significant increase in demand for wedding services. Wedding budgets have grown by 6.7%, with the average expenditure reaching Rs 35.6 lakh. As wedding costs rise, so has the demand for gold and jewelry, especially due to the soaring prices of gold, which have increased from Rs 63,500 to Rs 80,000 per 10 grams.
Destination weddings, which
The surge in wheat flour (atta) prices, which have reached a 15-year high, is significantly affecting the fast-moving consumer goods (FMCG) sector in rural India. According to a recent Kantar report, the rise in atta prices is slowing growth in rural FMCG consumption, which recorded just a 4% increase in the quarter ending October, lower than urban growth at 4.5%. Wheat flour prices have remained elevated for several months, despite government efforts to control food inflation. In December, t
The surge in wheat flour (atta) prices, which have reached a 15-year high, is significantly affecting the fast-moving consumer goods (FMCG) sector in rural India. According to a recent Kantar report, the rise in atta prices is slowing growth in rural FMCG consumption, which recorded just a 4% increase in the quarter ending October, lower than urban growth at 4.5%. Wheat flour prices have remained elevated for several months, despite government efforts to control food inflation. In December, t
Reliance Jio Infocomm Ltd., India's largest telecom operator, experienced a loss of about 1.65 crore subscribers over the past four months, with 37.6 lakh mobile subscribers leaving the platform in October alone. Vodafone Idea also saw a decline of 19.3 lakh subscribers in October, a bigger loss than the 15.5 lakh subscribers lost the previous month, according to the latest data from the Telecom Regulatory Authority of India (TRAI). These losses come after the tariff hikes announced earli
Reliance Jio Infocomm Ltd., India's largest telecom operator, experienced a loss of about 1.65 crore subscribers over the past four months, with 37.6 lakh mobile subscribers leaving the platform in October alone. Vodafone Idea also saw a decline of 19.3 lakh subscribers in October, a bigger loss than the 15.5 lakh subscribers lost the previous month, according to the latest data from the Telecom Regulatory Authority of India (TRAI). These losses come after the tariff hikes announced earli
In a significant legal development, the Bombay High Court has upheld the Maharashtra government's decision to award the Dharavi slum redevelopment project to the Adani Group, dismissing a challenge filed by UAE-based Seclink Technologies. The court ruled that there was no evidence of "arbitrariness, unreasonableness, or perversity" in the state government's decision-making process. Seclink Technologies had alleged that the tender conditions were specifically designed to favo
In a significant legal development, the Bombay High Court has upheld the Maharashtra government's decision to award the Dharavi slum redevelopment project to the Adani Group, dismissing a challenge filed by UAE-based Seclink Technologies. The court ruled that there was no evidence of "arbitrariness, unreasonableness, or perversity" in the state government's decision-making process. Seclink Technologies had alleged that the tender conditions were specifically designed to favo
India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos
India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos
On Thursday, Bihar Chief Minister Nitish Kumar launched a new mobile application, Hamara Bihar Hamari Sadak, aimed at enabling citizens to report poor road conditions in even the remotest areas of the state. The app was introduced at the Chief Minister's official residence, with Minister for Rural Works Ashok Choudhary and Chief Secretary Amrit Lal Meena also present for the occasion.
The initiative is intended to utilize state-of-the-art technology for better maintenan
On Thursday, Bihar Chief Minister Nitish Kumar launched a new mobile application, Hamara Bihar Hamari Sadak, aimed at enabling citizens to report poor road conditions in even the remotest areas of the state. The app was introduced at the Chief Minister's official residence, with Minister for Rural Works Ashok Choudhary and Chief Secretary Amrit Lal Meena also present for the occasion.
The initiative is intended to utilize state-of-the-art technology for better maintenan
Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern
Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern
