BUSINESS
Mature Indian investors scaling up exposure in ETFs in US markets
The Winvesta Investor Pulse Report' June 2021 is based on aggregated data from retail investors across India who invest in fractional shares of the US equities on its platform. As per the report, Exchange Traded Funds (ETF) investing remains more popular among matured Indian investors in the US markets. The AUM in ETFs at Winvesta grew 325 per cent in the last six months.
Fuel price cut relief may come soon as global oil softens
The benchmark Brent crude that had risen to $77 a barrel late last month has shed more than 10 per cent in the last fortnight to reach a level of $68.85 a barrel now. If the price line remains below $70 a barrel for a few more days, petrol and diesel prices could see a cut in the coming days.
India automotive electronics market to cross $18 bn by 2027: Report
"Passenger vehicles are expected to capture nearly two-thirds of the Indian automotive electronics market driven by the rising usage of telematics control unit (TCU), infotainment and other electronic components such as on-board diagnostics (OBD), electronic control unit (ECU) and anti-lock braking systems (ABS)," said research analyst Soumen Mandal.
CBDT grants further relaxation in e-filing of I Tax Forms
It has now been decided to extend the aforesaid date to August 15 from the earlier deadline of July 15, it said. As per the Income Tax Act, 1961, there is a requirement to furnish Forms 15CA and 15CB electronically. Currently, taxpayers upload Form 15CA, along with the Chartered Accountant Certificate in Form 15CB on the e-filing portal, before submitting the copy to the authorised dealer.
Wipro investing $1 billion to expand cloud services
"We will invest $1 billion over the next 3 years in cloud services, technologies, acquisitions and partnerships to simplify and accelerate business operations of our clients," said the city-based IT firm in a statement. "As the cloud opportunity accelerates, FullStride services bring together our full portfolio of capabilities, offerings and talent to our clients across verticals," it said.
All eyes on Ministry of Cooperation to dock agri-reforms with global best practices
"The new ministry needs to figure out ways which would allow the government to take the reform process forward in the agriculture sector," an insider said. How to strike the balance between farmers aspirations and agri-modernisation in tune with global best practices will be the challenge.
After furore, Adani denies move to shift Mumbai airport HQ to Gujarat
"In light of rumours that the Mumbai Airport HQ will be moving to Ahmedabad, we unambiguously state that MIAL and NMIAL airports will remain headquarters in Mumbai," the Adani Group said in a statement. In a major organizational restructuring on July 18, the Adani Group had said it has decided to shift the headquarters of Adani Airport Holdings Ltd.
MG Contractors lowest bidder for construction of 5 bridges for bullet train project
National High Speed Rail Corporation Limited (NHSRCL) spokesperson Sushma Gaur said that it has opened financial bids for construction of five special bridges including one (one) PSC Bridge and erection of four Steel Truss bridges between Vadodara and Ahmedabad for the construction of Mumbai-Ahmedabad High Speed Rail corridor on Tuesday.
Goa to form mining corporation, to auction mining leases: CM
"The Mining Corporation Bill will be passed in the state Assembly in the upcoming session. Once the mining corporation is formed, its rules will be formed on a fast-track basis. Some of the leases in the state will be auctioned through the corporation," Parmod Sawant told reporters.
'Focus on Covid, climate finance to help South Asia's economic recovery'
Gomez Ang said the private sector had an essential role in South Asia's recovery from Covid-19, easing the burden on constrained public finances and reducing rising levels of poverty, due to the pandemic.
Don't Miss
Advertisement