Home business

business

Bankofbollywood is a superb online website which provides the users with the latest news in the form of the Latest Business News Headlines. Therefore, when you register with this website, you would get updates from various reliable and reputed businesses in a short span of time. All you need to do is select the website which has particular business related news and then you would get updates from this magazine on different businesses related to your interest.

The news services are designed to help clients and business owners gain knowledge about a certain area. If you know what to look for in a company then it is really simple for you to find out the current status of a particular business. For example, if you are a customer and you know a certain product has not sold well in the market, then you will know that the company has failed in a certain part of the country. It is one such method through which you can find out the situation of a company. If you want to know about what's happening in the world of technology then you can take help from this service. You will be able to get all the Latest Business News Headlines. You will also be able to find out the latest updates about the best product launch for a particular company or product.

Our news services are specially designed to meet the needs of business and their clients. Through the help of these services, you will be able to know about what is happening to your business from any part of the world. You will also be able to get a lot of information about new products that have been launched or anything that may happen with the business.

Sensex rises 1600 points, income tax will be 22 percent

There has been a huge surge in Indian stock markets with the announcement of exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman. During the trading, the Sensex rose 1601 points to 37,695.74 and the Nifty climbed 363.75 points to 11,068.55. To promote growth, the finance minister has reduced the corporate tax rate to 22 per cent for new domestic companies, unless corporate have taken any incentive or exemption. The stock market has blossomed with the announcement of the finance minister. The market is as bright as Diwali and almost all major sectors are seeing a boom. To increase growth and investment, changes in income tax act will be applicable from the current financial year i.e. 2019-20. The income tax on domestic companies will be 22 percent without any exemption and the effective rate will be 25.17 percent by adding surcharge and cess. Earlier this rate was 30 percent. The Finance Minister said that with the reduction of corporate tax and other concessions, the exchequer will incur a burden of Rs 1.45 lakh crore.

exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman.

To give a boost to Make in India, they added a clause in the Income Tax Act. In FY 2019-20, a domestic company formed after October 1, which will invest in manufacturing, will have the option to pay income tax at the rate of 15 per cent. That is, any company formed in India on or after 1 October 2019 will be taxed at 15%. If they start production before 31 March 2023, then 15 per cent will be taxed. There will be 17.10 percent effective rate including all types of surcharge and cess. Companies that announce a buyback of shares before 5 July 2019 will not face super rich tax. To increase the flow of funds in the capital market, the Finance Minister said that the surcharge raised in the budget in July will not be effective on the sale of shares in the company and capital gains from equity fund unit sales.

Air India trouble increased, if not found buyer will be closed in 6 months!

Government-run air services are not taking the name of Air India’s financial woes. If it does not find a buyer soon, then in next 6 months, the government airline AI could be closed.This claim has been made by a senior Air India official. Meanwhile, Civil Aviation Minister Hardeep Singh Puri has stated that his ministry will try to issue a letter of interest for Air India in the coming few weeks. He said, “Air India is a first class airline but there are no two opinions about its privatization. We are not subject to any timeframe. We are trying to disinvest Air India at the earliest.” Earlier, a senior Air India official claimed that 12 small aircrafts were standing, requiring capital to run them again.

Government-run air services are not taking the name of Air India’s financial woes.

Air India trouble increased, if not found buyer will be closed in 6 months!
Air India trouble increased, if not found buyer will be closed in 6 months!

The airline has a debt of around Rs 60,000 crore and the government is working on disinvestment practices.Not disclosing the name, the official cautioned that Air India could also go the Jet Airways route if no prospective buyer is found by June next year.According to the official, the government has refused to invest more capital in the debt-ridden company amidst privatization plans. Because of this, the airline has to “somehow” operate by arranging capital in pieces.It is not likely to last long.He said that we had sought a government guarantee of Rs 2,400 crore from the government to meet the operational needs, but the government only gave a government guarantee for Rs 500 crore. The official did not expect too much of the government to get investors given the “economic situation”.

South African coach Lance Klusener called Navdeep a great bowler

South African coach Lance Klusener has praised the young Indian fast bowler Navdeep Saini of the Indian team. Klusener said, ‘I am very happy to see NavdeepSaini being recognized. You can’t see too much in Indian bowlers who can bowl 150. Klusener also discussed Saini’s passion for fast bowling. Klusener went on to say, ‘His bowling action is very clean.

Klusener called Navdeep a great bowler

He is also technically fit but when I talk to him, I think he is excited to bowl at 150 kmph. He said that I have seen very few bowlers bowling at a speed of 150 kmph. Navdeep has impressed everyone since his arrival in the team. He played with the Delhi team under the captaincy of former cricketer Gautam Gambhir. Gambhir has played an important role in bringing Navdeep forward.

South African coach Lance Klusener called Navdeep a great bowler

South African coach Lance Klusener has praised the young Indian fast bowler Navdeep Saini of the Indian team. Klusener said, ‘I am very happy to see NavdeepSaini being recognized. You can’t see too much in Indian bowlers who can bowl 150. Klusener also discussed Saini’s passion for fast bowling. Klusener went on to say, ‘His bowling action is very clean.

Klusener called Navdeep a great bowler

He is also technically fit but when I talk to him, I think he is excited to bowl at 150 kmph. He said that I have seen very few bowlers bowling at a speed of 150 kmph. Navdeep has impressed everyone since his arrival in the team. He played with the Delhi team under the captaincy of former cricketer Gautam Gambhir. Gambhir has played an important role in bringing Navdeep forward.

New year increased prices 19 rupees gas cylinder costlier

After making rail travel expensive, the government has given the people a second blow on the new year. In the new year, the price of LPG cylinder has increased from 1 January 2020. For the fourth consecutive month, the price of LPG has increased, which has shocked the common man. Non-subsidized gas cylinders have become expensive by about Rs 19.00 in major metros of the country. For a 14.2 kg un subsidized cylinder in Delhi you will have to pay Rs 714.00.It costs 747 rupees in Kolkata.

After making rail travel expensive, the government has given the people a second blow on the new year.

New year increased prices
New year increased prices

In Mumbai and Chennai, the price of 14.2 kg un subsidized cylinder is Rs 684.50 and Rs 734.00 respectively. At the same time, the price of 19 kg cylinder has been increased to Rs 1241 in Delhi.It has been priced at Rs 1308 in Kolkata, Rs 1190 in Mumbai and Rs 1363 in Chennai. Price was so much last month In December you had to pay Rs 695.00 for a 14.2 kg un subsidized cylinder in Delhi. It was priced at Rs 725.50 in Kolkata. In Mumbai and Chennai, the price of 14.2 kg un subsidized cylinder was Rs 665.00 and 714.00 respectively.

Sensex rises 1600 points, income tax will be 22 percent

There has been a huge surge in Indian stock markets with the announcement of exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman. During the trading, the Sensex rose 1601 points to 37,695.74 and the Nifty climbed 363.75 points to 11,068.55. To promote growth, the finance minister has reduced the corporate tax rate to 22 per cent for new domestic companies, unless corporate have taken any incentive or exemption. The stock market has blossomed with the announcement of the finance minister. The market is as bright as Diwali and almost all major sectors are seeing a boom. To increase growth and investment, changes in income tax act will be applicable from the current financial year i.e. 2019-20. The income tax on domestic companies will be 22 percent without any exemption and the effective rate will be 25.17 percent by adding surcharge and cess. Earlier this rate was 30 percent. The Finance Minister said that with the reduction of corporate tax and other concessions, the exchequer will incur a burden of Rs 1.45 lakh crore.

exemption in corporate tax on domestic companies by Finance Minister Nirmala Sitharaman.

To give a boost to Make in India, they added a clause in the Income Tax Act. In FY 2019-20, a domestic company formed after October 1, which will invest in manufacturing, will have the option to pay income tax at the rate of 15 per cent. That is, any company formed in India on or after 1 October 2019 will be taxed at 15%. If they start production before 31 March 2023, then 15 per cent will be taxed. There will be 17.10 percent effective rate including all types of surcharge and cess. Companies that announce a buyback of shares before 5 July 2019 will not face super rich tax. To increase the flow of funds in the capital market, the Finance Minister said that the surcharge raised in the budget in July will not be effective on the sale of shares in the company and capital gains from equity fund unit sales.

Kanpur-based diamond trader Uday Desai dips Rs 3635 crore

At present, there are similar NPAs in their 14 banks.

uday desai kanpur

Kanpur-based diamond businessman Uday Desai has sunk Rs 3635 crore from 14 banks. In these banks, more than a dozen accounts of their half-dozen companies have become NPAs. This is the second-biggest case of bank money after Pen King Vikram Kothari. Several companies took loans of more than three thousand crore rupees between 2002 and 2010, including Uday Desai’s companies M / s Frost International Limited and Frost Infrastructure and Energy Limited. After years of running loan installments and increasing the limit continuously, their accounts started getting NPA in the year 2018. At present, there are similar NPAs in their 14 banks. Even after issuing demand notices continuously, banks did not get the loan amount returned from their companies. Now Bank of India has taken over properties in Mumbai, Kanpur and Gurgaon. Many properties are still in a condition of being seized and many are in the process of auction.

India’s leading private bank ICICI Bank reduced interest rates

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year. After this decision, the EMI of home, auto and personal loans will decrease. At the same time, taking loans for new customers will become cheaper. Recently, SBI announced a cut in the interest rates of MCLR based loans. INICICI Bank has decided to reduce interest rates by 0.05 per cent for all periods. This will reduce the loan EMI of the customers by 0.05%, which means there will be a saving of about 0.05% every month.

India’s leading private bank ICICI Bank has reduced interest rates by 0.05 per cent in the new year.

ICICI Bank reduced interest rates
ICICI Bank reduced interest rates

Has given New Year gift to customers. The bank has cut its external benchmark rate by 0.25 per cent. This will make home loans and auto loans cheaper. This deduction will be applicable from 1 January. All types of new and old customers of the bank will get the benefit. Now, the bank will give loan to those buying new houses at an interest rate of 7.90 per cent. Earlier the interest rate was 8.15 percent. The bank has reduced the external benchmark based rate from 8.05 per cent to 7.80 per cent.

Open market with weakness- Cessanx 36400 and Nifty 10800 levels

Indian markets started with weakness on Thursday trading day due to poor signals received from global markets. Sensex and Nifty are seen in red marks. Mid and small cap stocks are also sluggish. The mid-cap index of BSE is trading with a weakness of 0.02 per cent whereas the small cap index is showing a slight gain of 0.08 per cent. Oil-gas stocks are also seeing the effect of rising crude prices. The BSE oil and gas index is trading with a weakness of 0.25 per cent.

Mid and small cap stocks are also sluggish.

Open Market with weekness

Due to pressure on banking shares, the Bank Nifty is seen around 27050 with a weakness of 0.44 per cent. In today’s early trade, only Nifty’s pharma stocks are getting light purchases. Apart from this, all the sectoral indices of Nifty are seen in red mark. Cessanx is trading around 36440 with a weakness of 122 points. The Nifty is seen around 10810 with a weakness of 30 points.

Open market with weakness- Cessanx 36400 and Nifty 10800 levels

Indian markets started with weakness on Thursday trading day due to poor signals received from global markets. Sensex and Nifty are seen in red marks. Mid and small cap stocks are also sluggish. The mid-cap index of BSE is trading with a weakness of 0.02 per cent whereas the small cap index is showing a slight gain of 0.08 per cent. Oil-gas stocks are also seeing the effect of rising crude prices. The BSE oil and gas index is trading with a weakness of 0.25 per cent.

Mid and small cap stocks are also sluggish.

Open Market with weekness

Due to pressure on banking shares, the Bank Nifty is seen around 27050 with a weakness of 0.44 per cent. In today’s early trade, only Nifty’s pharma stocks are getting light purchases. Apart from this, all the sectoral indices of Nifty are seen in red mark. Cessanx is trading around 36440 with a weakness of 122 points. The Nifty is seen around 10810 with a weakness of 30 points.