BUSINESS
Chinese shares uninvestible after Jack Ma's disappearance: Reports
Shares in Alibaba have fallen by around 25 per cent since October, when founder Ma made critical comments about China's regulator and state-owned banks. Weeks later, the flotation of Ma's financial services firm Ant Group was cancelled by the Chinese authorities.
Nifty crosses 14,500 for the first time, Sensex hits fresh high
The indices largely traded on a flat note during the day. The Nifty has touched an all-time high of 14,510.05 points. The BSE Sensex also hit an all-time high of 49,328.50 points with marginal gains. Around 12.05 p.m., Nifty was trading at 14,500.10, higher by 15.35 points or 0.11 per cent from its previous close.
Pay penalty if not already filed I-T returns, no more extensions now
The decision means that individual taxpayers who have missed the January 10 deadline for filing returns may now have to pay a penalty to complete the process. Similarly, taxpayers who need to file audit report before filing returns will have to do so by January 15 and file their returns by February 15.
For first time in FY21, retail auto sales register growth in December 2020
The Federation of Automobile Dealers Associations (FADA) on Monday released data which states that sales grew by 11 per cent across categories during the December month on a year-on-year (y-o-y) basis. A good crop season, better offers on purchases in the two-wheeler segment, launches in the passenger vehicle (PV) and two-wheelers, and fear of price hike in January, has backed the growth in the sector.
Sensex falls 144 points, banking stocks fall
Selling pressure was witnessed in the banking, finance, IT and consumer durables stocks. Analysts said that concerns regarding rising non-performing assets of banks raised by the Reserve Bank of India in its Financial Stability Report for January 2021 weighed on the banking and finance stocks.
Future Retail relying on Delhi HC observations to mislead regulators: Amazon
Amazon said Future Retail has been relying on these prima facie observations to misconstrue the true import of the impugned order in an effort to mislead regulators to grant approval to the potential transactions which has forced Amazon to file an appeal to quash and set aside the prima facie observations.
Now Paytm founder asks Indians to join Signal
"They say market has power. We are the largest market. Here in India, WhatsApp/Facebook are abusing their monopoly & taking away millions of users' privacy for granted. We should move on to @signalapp NOW. It is up to us to become a victim or reject such moves," Sharma said in a tweet.
Amazon asks SEBI, stock exchanges not to grant no-objection to Future Retail deal
In a letter to Tyagi, Amazon.com NV Investment Holdings said, "We write to inform you that the Singapore International Arbitration Centre (SIAC) has constituted the arbitral tribunal in the arbitration proceedings initiated by Amazon against inter alia FRL, Kishore Biyani and Rakesh Biyani.
OYO's European vacation home arm gets new investor on its Board of Directors
The move is a welcome development as OYO, through its brands Belvilla, Dancenter, Traum Ferienwohnungen, Stugsommar, is doubling down on its sustainable growth and presence in the region, given the strong trend of customers choosing vacation homes as an overwhelmingly better alternative than larger star hotels, it said.
BSES discoms Pay Rs 400 crore to APCPL
The spokesperson added that discoms are committed to supplying reliable and uninterrupted power to around 46 lakh consumers in Delhi. BRPL and BYPL are power distribution companies and joint ventures between Reliance Infrastructure Limited and GoNCTD. They are the power distributors in Delhi.
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