BUSINESS
SBI Report: India's Savings Rate Surpasses Global Average
The report points out that due to various measures, India's financial inclusion improved significantly and now more than 80 percent of adults in India have a formal financial account, compared to about 50 percent in 2011, which is improving the financialisation of the savings rate of Indian households.
FDI from Gulf Countries to India Rises to $24.54 Billion in 12 Years
According to the figures, it reflects strengthening economic ties between India and the Gulf region wherein nearly as much as 89 per cent of FDI into India from the GCC countries comes in the last 10 years.
Starbucks Workers Extend Strike Across US Cities, Including New York
The five-day walkout, which began Friday and initially shuttered Starbucks cafes in Los Angeles, Chicago and Seattle, added locations in New Jersey, New York, Philadelphia and St. Louis, according to a statement from Workers United. It did not indicate in which New Jersey city the walkout was occurring.
GST Council Issues Clarification on Popcorn Taxation
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the present taxation regime of popcorn.
Karnataka Civic Body Issues Notice to Virat Kohli's Pub Over Fire Safety Violations
The restaurant is operating on the sixth floor of Ratnam's Complex at upscale M. G. Road near the Chinnaswamy International Cricket Stadium without a no objection certificate from the Fire Department.
SIP Net Inflows Surge by 233% in India, Mutual Fund Industry Records 135% Growth
The overall net inflows during the period of January to November stood at Rs 9.14 lakh crore as compared to Rs. 2.74 lakh crore in 2023 which amounts to a growth of 233 per cent, the report by ICRA Analytics has noted.
SC Rules DND Flyway Tax-Free, Criticizes NOIDA Authority, UP, and Delhi Governments
The top court dismissed an appeal of Noida Toll Bridge Company Ltd (NTBCL), a private firm running the Delhi-Noida-Direct (DND) flyway, against the 2016 decision of the Allahabad High Court order asking it to stop collecting toll from commuters.
Bihar Secures Record Rs 1.81 Lakh Cr Investment, Led by Adani and Sun Petchem
Announcing the investment proposals received at the end of the two-day Bihar Business Connect 2024 investor summit, Industries & Tourism Minister Nitish Mishra said several memorandum of understanding (MoUs) entailing investment of over Rs 1.8 lakh crore have been signed.
Starbucks Workers' Union Strikes in US Cities Amid Stalled Negotiations
This is the latest in a string of labor actions that have stepped up in pace across service sectors, after a period when employees working in the automotive, aerospace and rail industries' manufacturing outfits garnered considerable concessions from management.
Trump Warns EU of Tariffs on Oil and Gas Imports
The EU is already the biggest market for U.S. oil and gas exports, at least according to government data.
Don't Miss
Advertisement