BUSINESS
Aluminium industry asks govt not to impose anti-dumping duty on import of Caustic Soda
Post imposition of mandatory BIS license for Caustic Soda imports, almost 95 per cent of foreign Caustic Soda producers are already eliminated because they have not acquired the requisite BIS license for exporting Caustic Soda to India. The BIS Standards are therefore a significant non-tariff trade barrier in place to safeguard the domestic Caustic Soda industry and reduce imports of Caustic Soda based on the quality standards, AAI said.
Equities settle positive with all sectoral indices up
The Sensex and Nifty settled at 57,897 points and 17,233 points, respectively, up 0.83 per cent and 0.86 per cent from their previous close, respectively. Accordingly, all sectoral indices rallied during the day's trade, NSE data showed. Nifty auto and Nifty consumer durables rose the most. Among the stocks, Sun Pharma, Asian Paints, Mahindra & Mahindra, Ultra Cement, and NTPC were some of the top gainers, rising 3.1 per cent, 2.8 per cent.
Fintech startup MetaMap raises Rs 530 cr in new Series B funding
The new capital brings the company's total funding to date to Rs 630 crore and will be used to invest in product development and furthering its international expansion as it furthers its mission to help billions of people unlock online services and experience upward mobility.
MoUs worth Rs 18,900 Cr inked at J&K Real Estate Summit
A total of Rs 18,900 crore worth Memorandums of Understanding (MoU) and investment proposals were signed on Monday at the ongoing first ever real estate summit held in the Union Territory of Jammu & Kashmir.
'Fare Offensive': Airlines launch special offers to attract passengers
SpiceJet and AirAsia India have launched special offers. Domestic airlines on Monday launched attractive sales offers to lure passengers during the holiday season, even as rising Covid infections have caused apprehensions amongst the general public.
Defer GST rate hike on textiles, footwear: CAIT to FM
In a letter to the minister, CAIT termed the move as 'illogical' and 'beyond the canon of GST tax structure', particularly at a time when the domestic trade in the country is on the verge of recovery from the colossal damage caused due to the last two spells of Covid-19.
Piyush Jain -- the man who threw up India's biggest cash haul
In his hometown Kanpur, Jain still rides an old scooter and his house was extremely modest though he recently renovated it. He owns a Qualis and a Maruti and when cash spilled out of his house, his neighbours were shocked. "He was just another businessman in the perfume business and we never imagined that he would have so much cash stacked in his house. He never flaunted his wealth and even his lifestyle was very middle class," said R.K. Sharma.
Kanpur businessman Piyush Jain sent to 14 days judicial custody
A GST official said that 23 kg gold and 600 kg of sandalwood oil hidden in an underground storage, having a market value of about Rs 6 crore was seized from his office and factory premises. Since the gold so recovered is having foreign markings, Directorate of Revenue Intelligence (DRI) is being roped in for necessary investigation.
Maybe I'm partly Chinese: Musk reacts to viral video of his doppelganger
The video originally posted on Douyin, the Chinese version of Tiktok, showed the lookalike dressed in a black coat while standing next to a black car. The man, apparently Chinese, quickly went viral on social media with many dubbing him as 'Yi Long Musk'. However, the video first appeared on the video-sharing platform TikTok and then spread to other social media sites like Twitter and Facebook.
Amid boycott, India-China trade volume at record high of $100bn: Report
Chinese state media pointed out that while there are those in India who are concerned about the trade deficit, advocating not to rely too much on trade with China, the data speaks for itself. "Whatever the political considerations of these people, seeing China as India's enemy should not be an option for India and one that India cannot afford to make. Further increasing cooperation is the right choice," the Global Times report said.
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