B2B fintech major EnKash, which received the Reserve Bank of India’s (RBI) payment aggregator (PA) license recently for its Olympus product, plans to expand overall spends by 3X-5X by FY25 from $3 billion in FY23, co-founder Yadvendra Tyagi told FE. “The company is currently operating and serving more than 250,000 businesses processing $3 billion spends […]
Most Asian equity markets edged higher on Friday, while the U.S. dollar hung near its weakest level since May, with investors fretting about the risks of a global recession as the Federal Reserve presses on with interest rate increases. U.S. Treasury yields remained elevated in Tokyo after bouncing off four-month lows overnight. Japanese government bond […]
The All India Motor Transport Congress (AIMTC), the apex body which claims to represent the trucking industry in the country has written a letter to the Prime Minister Narendra Modi and Home Minister Amit Shah to relook at the proposed Legislation on Hit-and-Run Cases under the Bharatiya Nyaya Sanhita, 2023. The transport body states that […]
Tech Mahindra analysts’ meeting was held last week to discuss its strategy. The management outlined the company’s focus areas: (i) maintaining the growth momentum by focussing on large deals and areas where clients are spending; (ii) focusing on productivity improvement and efficiency leading to margin improvement on a sustained basis; (iii) increasing focus on product […]
ICICI Lombard on Wednesday said it received a demand notice for alleged short payment of GST of over Rs 5.66 crore. In a regulatory filing, ICICI Lombard General Insurance Company said it has received an order from the Joint Commissioner CGST & Central Excise, Bhopal, Madhya Pradesh, raising a GST demand of Rs 5,66,02,264 and […]
By Shrikant Chouhan The benchmark indices witnessed profit booking at higher levels, the NSE Nifty 50 ended 153 points down while the BSE Sensex was down by 567 points. Among sectors, Reality, Media, IT and FMCG stocks witnessed correction sharply, down over 1.5 per cent whereas buying interest was seen in selective Energy stocks. Technically, […]
Indian IT stocks fell on Monday after Accenture reported lower deal bookings in the first quarter of fiscal 2023, ending 30 November, at $16.2 billion, a 3% decrease in US dollars value. Despite reporting a 5% rise in revenues to $15.7 billion in US dollars and 15% in local currency over the same period last […]
The rupee appreciated by 3 paise to close at 82.37 (provisional) against the US dollar on Monday, as a positive trend in domestic equities and a weak dollar supported investor sentiments. At the interbank foreign exchange market, the local unit opened at 82.36 against the American currency and finally settled at 82.37 (provisional) against the […]
The Centre has hiked the windfall tax on locally produced crude oil, aviation turbine fuel and export of diesel with effect from Tuesday. The tax on locally produced crude oil has been hiked to Rs 2,100 per tonne from Rs 1,700 per tonne, according to a notification by the Central Board of Indirect Taxes and […]
Indian benchmark indices may open mildly in green on the weekly F&O expiry day, hinted SGX Nifty on Thursday. Ahead of the session, Nifty futures were trading 52 pts up at 18,002 level on the Singapore Exchange. In the previous session, BSE Sensex fell down 10 points to 60,105, while NSE Nifty 50 fell 18 […]
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