News Headlines

US offer on global taxation deal would tie levies to revenue

The US is proposing that countries should be able to tax more corporate profits based on revenues within their borders in a bid to reach a global taxation deal, according to two people familiar with the offer. The US sent a proposal to the nearly 140 countries participating the Organization for Economic Cooperation and Development’s […]

Budget 2020

FinMin releases ₹45,000 crore to States as additional devolution on buoyant Q4 revenue mop-up

The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter. As per the Revised Estimates for 2020-21, ₹5,49,959 crore, being 41 per cent of the shareable pool of taxes and duties were estimated to be released to […]

Budget 2020

Rise in the number of women investors since pandemic began: Elearnmarkets

There has been a rise in the number of women investors since the pandemic began, says data from e-learning platform Elearnmarkets. The stock market is largely male dominated, but now women investors are gradually moving towards financial independence and promoting equal representation in this field. The platform, which focuses exclusively on providing financial education to […]

Budget 2020

Glad to deliver highest-ever quarterly revenue in Q3: Vivek Chaand Sehgal

We are witnessing strong demand revival in India, says Vivek Chaand Sehgal, Chairman, Motherson Sumi. What are the reasons for such a strong performance in Q3? Was it largely because the base effect has kicked in because there is definitely an uptick which is now visible on the deleveraging front?We have a great team led […]

Budget 2020

GlaxoSmithKline Pharmaceuticals Q3 results: Reports net profit of Rs 157 cr

on Friday said it has registered a consolidated net profit of Rs 156.51 crore for the third quarter ended December.The company had reported a net loss of Rs 661.16 crore in the October-December period of 2019-20. Revenue from operations rose by 10 per cent to Rs 857.20 crore during the third quarter as against Rs […]

Budget 2020

Reliance Jio Q3 results: Net profit rises 16% QoQ; ARPU rises to Rs 151, beats estimates

MUMBAI: Reliance Industries subsidiary Reliance Jio Infocomm today reported a net profit of Rs 3,291 crore, which was 16 per cent higher than the previous quarter, with revenues rising 6 per cent to Rs 18,492 crore. The country’s largest telecom operator by subscriber base reported average revenue per user of Rs 151, which was higher […]

News Headlines

MCC to auction nearly 1,200 outlets to garner resources by raising rent

Nearly 1,200 tenants occupying commercial complexes and outlets belonging to Mysuru City Corporation (MCC) have been issued eviction notice as a precursor to the conduct of a fresh auction. This is the fallout of the imperatives of raising additional resources for the cash-strapped MCC, which receives a pittance by way of rent from these commercial […]

Budget 2020

Wipro Q3 results: Net profit rises 21% to Rs 2,967 cr, beats estimates

NEW DELHI: Wipro on Wednesday reported a 20.8 per cent YoY rise in net profit at Rs 2,966.70 crore for the December quarter compared with Rs 2,455.80 crore in the same quarter last year. The number beat an ET NOW poll estimate of Rs 2,554 crore. Revenue for the quarter rose 1.3 per cent YoY […]