Samsung Galaxy S23 Series starts from Rs 74,999 in India
New Delhi, Feb 2 (IANS) Samsung on Thursday announced the launch of its Galaxy S23 series at a starting price of Rs 74,999 in India.
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Business Education 11:56 AMUGC, Kendriya Vidyalaya & NVS to get more funds to implement NEP
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Business 10:58 AME-auction of wheat for sale in open market begins
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OpenAI launches ChatGPT Plus for $20 a month with more features
New Delhi, Feb 2 (IANS) Microsoft-owned OpenAI has launched its paid subscription plan for ChatGPT, its text-generating AI that can write like humans.
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Emerging markets to benefit due to China's Covid relaxations
Chennai, Feb 2 (IANS) China's relaxation of its zero Covid-19 policy will benefit emerging markets (EM) that are exposed to China's consumption, said S&P Global Ratings in a report.
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After layoffs, Zuckerberg now wants 2023 to be 'year of efficiency'
San Francisco, Feb 2 (IANS) After laying off 11,000 employees, Meta Founder and CEO Mark Zuckerberg now wants 2023 to be the "year of efficiency".
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Budget seeks to maintain balance between growth & deficit: Fitch Ratings
Chennai, Feb 2 (IANS) The Indian Budget for 2023-24 presented by Finance Minister Nirmala Sitharaman in Parliament seeks to maintain a balance of sustaining a growth focus and deficit reduction, said Jeremy Zook, Director and Primary Sovereign analyst for India, Fitch Ratings.
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Meta surprises analysts with good results, $40 bn stock buyback
San Francisco, Feb 2 (IANS) Meta (formerly Facebook) has surprised the market analysts with posting better-than-expected results for its quarter that ended December 31, 2022, and announcing a $40 billion stock buyback.
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US Fed hikes rates for first time in new year
Business 06:16 AMWashington, Feb 2 (IANS) The US Federal Reserve on Wednesday implemented its first rate hike in the new year.
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OPEC+ committee recommends staying course on oil output policy
Vienna, Feb 2 (IANS) Leading oil officials on Wednesday recommended to maintain the current oil output policy of OPEC+, the OPEC and its allies, amid an uncertain global economic outlook.
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Samsung unveils premium Galaxy S23 series, next-gen laptops
New Delhi, Feb 1 (IANS) Marking a new era of Samsung Galaxy's ultimate premium phone experience, the South Korean giant on Wednesday unveiled Galaxy S23 Ultra (with an embedded S Pen), Galaxy S23+ and Galaxy S23 smartphones globally.
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Govt scales down disinvestment target to Rs 51,000 crore for 2023-24 in Budget
New Delhi, Feb 1 (IANS) Having failed to meet the disinvestment target of Rs 65,000 crore for the current fiscal, the government on Wednesday scaled down the target for 2023-24 to Rs 51,000 crore.
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Adani Enterprises calls off Rs 20K cr FPO, to return money to investors
Business 11:16 PMNew Delhi, Feb 1 (IANS) Hours after its shares crashed at the bourses, the Adani Group on Wednesday evening decided to call off its Rs 20,000 crore follow-on public offer (FPO), saying that money would be returned to the investors.
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Move to new tax regime stokes concern over investments in insurance, mutual funds
By Sanjeev Sharma
New Delhi, Feb 1 (IANS) Market participants are asking Finance Minister Nirmala Sitharaman to reconsider the proposal to discontinue tax sops on mutual funds and insurance.
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Rs 4K cr for 14,500 PM SHRI Schools, 20 lakh students to benefit
New Delhi, Feb 1 (IANS) The budget allocation for FY 2023-24 in the scheme of PM SHRI has increased by Rs 2,200 crore, 122.22 per cent from Rs 1,800 crore in 2022-23 to Rs 4,000 crore in 2023-24.
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To discourage cheap imports from China, Customs duty on imitation jewellery hiked to 25%
New Delhi, Feb 1 (IANS) Aiming to discourage cheap imports from China and encourage domestic manufacturing, Customs duty on imitation jewellery has been enhanced from 20 per cent to 25 per cent in the Union Budget 2023-24 that was presented by Finance Minister Nirmala Sitharaman on Wednesday.
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Overall developmental, infra oriented budget: K'taka industrial federation
Bengaluru, Feb 1 (IANS) The Federation of Karnataka Chamber of Commerce and Industry (FKCCI) President B.V. Gopala Reddy on Wednesday dubbed Union Budget 2023-24 as an overall developmental and infrastructure oriented Budget.
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Defence Budget: Focus on operational preparedness; thrust on Agniveers' training
New Delhi, Feb 1 (IANS) In the Defence Budget, the focus has been given towards maintaining a high-level of Operational Preparedness of the Services to face the current and future challenges, while the non-salary revenue operational allocation gets a boost of Rs 27,570 crore, with the budgetary outlay under this segment augmented from Rs 62,431 crore in BE 2022-23 to Rs 90,000 crore in BE 2023-24.
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Assam Congress MP hails Budget 2023-24
Guwahati, Feb 1 (IANS) Assam Congress Lok Sabha MP Pradyut Bordoloi termed the budget presented by the Union Finance Minister Nirmala Sitharaman as a good budget.
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Union budget: Government aims to tax high premium policies
New Delhi, Feb 1 (IANS) The government will levy tax on income from insurance policies having premium of more than Rs 5 lakh annually.
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Budget 2023-24 road map for nation building: ASSOCHAM
New Delhi, Feb 1 (IANS) The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Wednesday said the Union Budget 2023-24 is a roadmap of nation building with continued focus on massive public expenditure on infrastructure, sustainable economic growth, encouraging consumption demand while staying on course of strict fiscal prudence.
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Budget 2023 is a no complaint Budget, beneficial to NE India: Industry body
Business 10:02 PMGuwahati, Feb 1 (IANS) The Federation of Industry & Commerce of North Eastern Region (FINER) on Wednesday said that the Union Budget 2023 is a "no complaint Budget" and largely beneficial to the northeastern region.
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Presumptive tax scheme for MSMEs to reduce unreported cash income
New Delhi, Feb 1 (IANS) The presumptive tax scheme for MSMEs announced in Union Budget 2023-24 seeks to reduce unreported cash income and increase transparency.
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Customs duty exemption on capital goods for manufacture of EV batteries
Business 09:56 PMNew Delhi, Feb 1 (IANS) Customs duty exemption has been provided for capital goods for the manufacture of lithium–ion cells for batteries used in EVs in the Union Budget 2023-24.
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Civil Aviation Ministry's allocation dips to Rs 3,113.36 crore in Budget 2023-24
New Delhi, Feb 1 (IANS) The Civil Aviation Ministry witnessed a significant decline in its allocation in Budget 2023-24 presented on Wednesday.
