Page 1653 - Business Finance

Tax return filing up 50% this year: CBDT Chairman

Over six crore income-tax returns have already been filed this year for the assessment year 2018-19 showing an increase of 50 per cent over the last year, CBDT Chairman Sushil Chandra said on Tuesday.

Guiddoo raises USD 800K in pre-series A funding

Guiddoo, a one-stop shop for in-destination experiences, has secured capital of $800,000 (6 CR. approx.) in the Pre-Series A funding, held in July this year.The funding was led by global investors including Rennie Ratadia (Singapore), Stephen Dmello (Dubai) & Angshuman Sarkar (India). Guiddoo aims to leverage the fresh funding to expand operations, increase destination reach, product portfolio and to further develop its technology platform.It will strengthen its portfolio by adding new destinations under its 'customised packages' offering and will beef up teams to manage the increase in operations in the Global and Indian Market. In terms of the strategy for business growth, the company aims to commence China operations by Feb 2019. Another focus area will be to build a pan India distribution network for the its Tours & Activities & Holidays products.Vineet Budki, Co-founder & CEO at Guiddoo said, "From starting afresh after a pivot from the Audio Guide Business Model

60 Chinese companies exhibit in 1st edition of IEAE 2018

So here we are, after so much of excitement and waiting out of patience, the 1st edition of India International Electronics & Smart Appliances Exhibition 2018 (IEAE), will raise the curtains on 5th December which would be an exciting event for manufacturers, suppliers, buyers and sellers in TV, electronics, mobile phones, household items and electric decorative items.The event will inaugurate in the presence of Prof. N.K. Goyal President, CMAI association of India, Mr. R. K. Pathak (TSDSI), Mr. Anil Prakash (ITU), Mr. Vimal Wakhlu, Former Chairman & MD TCIL Govt. of India, Mr. Alok Gupta, Founder & Director Uninstal System Pvt. Ltd. and President of PCAIT, Champakraj Gurjar, President of FAIITA and Mr. Lius Yu Feng, Vice President of China Electronic Chamber of Commerce (CECC).The three day-long event will give room to more than 60 companies from China, to showcase and feature their new products which would act as an eye candy for the buyers throughout the wide range of ...

Gold prices climb to over one-month high on weaker dollar

BENGALURU (Reuters) - Gold prices gained on Tuesday, after hitting a more than one-month high earlier in the session, as the dollar slipped after the United States and China agreed to a temporary truce in their trade conflict that rattled global markets.

India seen holding rates steady as inflation, growth soften

MUMBAI (Reuters) - Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike.

Sensex, Nifty marginally lower, finance stocks down

Selling pressure in finance and banking sectors and a slight rise in global crude oil prices dragged the key equity indices lower during the afternoon session of the trade on Tuesday.

Asian Granito jumps after board OKs issuing warrants to non-promoters

Asian Granito India rose 3.74% to Rs 205 at 14:00 IST on BSE after the company said its board approved issuing 20 lakh convertible warrants to non-promoters at Rs 245 each.

Sharp contractors axe 3,000 staff as iPhone sensor output shifts: union

TOKYO (Reuters) - Nearly 3,000 foreign workers subcontracted to Sharp Corp have been laid off in central Japan, a labour union said, as the firm moves production of some sensors for Apple iPhones to a Chinese plant owned by its parent Foxconn.

Audi to invest 14 billion euros in e-mobility, self-driving cars

FRANKFURT (Reuters) - Volkswagen's premium auto brand Audi said on Tuesday it would invest 14 billion euros ($15.9 billion) through 2023 in electric mobility, digitalisation and autonomous driving.

Martin Sorrell's S4 Capital buys programmatic ad firm MightyHive

LONDON (Reuters) - Martin Sorrell's S4 Capital has agreed to buy San Francisco-based programmatic ad firm MightyHive for an enterprise value of $150 million, funded by the issue of new shares worth 74 million pounds ($94 million).

Startup disrupts men's apparel retail industry with its S. L. I. M Model

Majority of men struggle to get sizes that match their body shape/structure in existing readymade brands. One of the reasons is that the existing brands offer only 4 or 5 sizes (see below table).A study by IIT, Delhi textile department says over 80% of men don't wear a size that matches their body shape/structure because their correct size isn't available in the market and are forced to compromise.To help men get their perfect-for-you size in READYMADE pants & shirts, TOUCAN (www.toucanindia.com), a men's apparel brand has introduced a direct2consumer model with a new concept READYMADE 2.0 that comes with in-between sizes, improved garment design to match Indian men's body shape, 2 rise in each pant size, new full sleeves variants & lot more advantages.This direct2consumer approach & a smaller format tech-enabled MINI store translates to affordable prices, superior products, better sizes, large merchandise options and fast fashion for consumers.If these many sizes were to .

Oil prices advance 1 percent on expectations of OPEC-led output cuts

SINGAPORE (Reuters) - Oil prices rose by more than 1 percent on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output.

Tata Consultancy Services Ltd gains for third straight session

The stock is quoting at Rs 2004.8, up 1.13% on the day as on 12:49 IST on the NSE. Tata Consultancy Services Ltd is up 52.13% in last one year as compared to a 7.34% jump in NIFTY and a 35.63% jump in the Nifty IT index.

Tata Elxsi Ltd gains for third straight session

The stock is quoting at Rs 1045.1, up 1.37% on the day as on 12:49 IST on the NSE. Tata Elxsi Ltd is up 11.83% in last one year as compared to a 7.34% jump in NIFTY and a 35.63% jump in the Nifty IT index.

HCL Technologies Ltd spurts 1.88%

The stock is quoting at Rs 1037.3, up 1.88% on the day as on 12:49 IST on the NSE. HCL Technologies Ltd is up 22.32% in last one year as compared to a 7.34% spurt in NIFTY and a 35.63% spurt in the Nifty IT index.

NIIT Technologies Ltd spurts 1.89%, up for third straight session

The stock is quoting at Rs 1124.25, up 1.89% on the day as on 12:49 IST on the NSE. NIIT Technologies Ltd is up 76.12% in last one year as compared to a 7.34% gain in NIFTY and a 35.63% gain in the Nifty IT index.

Infosys Ltd gains for third straight session

The stock is quoting at Rs 683.95, up 2.03% on the day as on 12:49 IST on the NSE. Infosys Ltd is up 38.96% in last one year as compared to a 7.34% jump in NIFTY and a 35.63% jump in the Nifty IT index.

Edelweiss Financial Services Ltd spurts 5%, rises for third straight session

The stock is quoting at Rs 187.05, up 5% on the day as on 12:49 IST on the NSE. Edelweiss Financial Services Ltd is down 33.56% in last one year as compared to a 7.34% gain in NIFTY and a 10.58% gain in the Nifty Financial Services index.

Russia's Novak says OPEC, other oil producers to discuss Qatar's OPEC exit

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said that the Organization of the Petroleum Exporting Countries and other leading oil producers will on Wednesday discuss Qatar's move to leave the group.

Global Markets: Asia shares slump as trade truce doubts gather

SHANGHAI (Reuters) - Asian shares fell on Tuesday as relief over a pause in escalation of the trade war between the U.S. and China gave way to doubt over the two countries' ability to resolve differences.