Business – Page 217 – Arab Daily Digital

Govt slaps more taxes on foreign e-commerce operators

As per a statement, it has also been clarified in the Budget that the tax will be applicable for consideration of sale of goods, irrespective of whether the provider owns the portal,

2 February 2021

Business

Europe’s largest budget airline Ryanair posts $370mn loss

Ryanair also reported an 82 per cent drop in its revenue in the above-mentioned period, which stood at 340 million euros compared with the 1.91 billion euro revenue it made in the

2 February 2021

Business·EU News

‘Mobile industry disappointed with Budget’

The Budget proposals announced by Finance Minister Nirmala Sitharaman are expected to make the handsets costlier by 3-4 per cent….reports Asian Lite News With announcement of an increase in custom duty by

1 February 2021

Business·India News

Govt to enhance NCLT framework

Presenting the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman on Monday announced that a special framework for resolution of bankrupt MSMEs will be introduced…reports Asia Lite News As India’s insolvency regime

1 February 2021

Business·India News

Economic Survey calls for simplifying regulations

The survey presented in Parliament by Union Finance Minister Nirmala Sitharaman on Friday noted that administrative processes in India are often loaded with significant procedural delays and other regulatory complexities..reports Asian Lite

29 January 2021

Business·India News

Apple hits record in iPhone sales

While the full year 2020 declined 5.9 per cent compared to 2019, the progress toward market recovery has been impressive, said the IDC, adding that the momentum heading into 2021 will remain

28 January 2021

Business

IndiGo logs Rs 620cr loss in Q3 FY21

The airline had reported a net profit of Rs 496 crore during the Q3FY20. Besides, the company said the capacity for the quarter was down by 40.8 per cent compared to the

28 January 2021

Business

Maruti Suzuki’s Q3 net profit jumps 24%

“During the quarter, the company registered net sales of Rs 222,367 million, an increase of 13.2 per cent compared to the same period previous year,” the company said in a statement…reports Asian

28 January 2021

Business

Axis Bank’s Q3FY21 net profit down 36%

The bank said profit after tax for the quarter was adversely impacted to the extent of Rs 1,050 crore on account of prudent expenses and provisioning charges…reports Asian Lite News Lending major

27 January 2021

Business

India’s 2020 GDP estimated to shrink by 9.6%

Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic Situation and Prospects 2021, said that by mid-2020, unemployment rates had escalated to a

27 January 2021

Business·India News

Business - Page 217