India manufacturing PMI hits 8-month high in July on new orders
India TV News Desk | August 01, 2022 11:39 ISTThe July PMI data pointed to an improvement in overall operating conditions for the 13th straight month.
The July PMI data pointed to an improvement in overall operating conditions for the 13th straight month.
The BSE barometer had jumped 712.46 points or 1.25 percent to settle at 57,570.25. The Nifty had advanced 228.65 points or 1.35 percent to 17,158.25.
LPG price revision: With this latest reduction, a 19 kg commercial LPG cylinder will cost Rs 1,976, instead of Rs 2012.50 in Delhi. In Kolkata, instead of Rs 2132, commercial LPG will be available for Rs 2,095.50.
5G spectrum auction day 6: Seven new rounds of bidding held on the sixth day of auction on Sunday 'dialled in' an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.50 lakh crore-mark.
The Reserve Bank's rate-setting panel -- Monetary Policy Committee -- will meet on August 3 for three days to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
Income Tax return filing deadline: The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.
The reserve price fixed for the spectrum is a fair number and the same is visible from the auction outcome.
HDFC hikes lending rate: This is the fifth hike effected by HDFC in two months. In all, the rate has increased by 115 basis points since May this year.
The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling CPI-IW every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.
Income Tax Return deadline: Not just a late fee, but the missing deadline will also have some other financial consequences. Apart from the late fee charges missing deadlines have several other implications. If you miss the deadline you will be required to pay interest on the late payment of taxes.
The restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.
Ola, Uber merger talks: While the report failed to disclose any other information on the potential deal, it caught the eye of Ola Chief Executive Bhavesh Aggarwal on Twitter.
5G spectrum auction: About 71 per cent of the total spectrum put on the block has been provisionally sold, Telecom Minister Ashwini Vaishnaw said. "This is a very good response," Vaishnaw said. Seven rounds of bidding took place and incrementally Rs 231.6 crore came in on Friday."
At the interbank foreign exchange market, the domestic currency opened strong at 79.55 per dollar. It hovered in a range of 79.56 to 79.17 during the session.
The 30-share BSE barometer jumped 712.46 points or 1.25 percent to settle at 57,570.25. During the day, it rallied 761.48 points or 1.33 percent to 57,619.27. The broader NSE Nifty advanced 228.65 points or 1.35 percent to 17,158.25.
Annual inflation in the eurozone’s 19 countries rose to 8.9% in July, an increase from 8.6% in June, according to the latest numbers published Friday by the European Union statistics agency.
The government this year warned that those who will miss the July 31 deadline for filing their returns will have to pay fine-cum-late fee of Rs 5,000 if their taxable income is more than Rs 5 lakh and Rs 1,000 if the taxable income is less than Rs 5 lakh.
The 30-share Sensex was trading 594.25 points or 1.05 per cent higher at 57,452.04, while the broader NSE Nifty rose 182.85 points or 1.08 per cent to 17,112.45.
According to one estimate, if all agricultural land in India were used for protective farming, the market would be worth USD 6 billion. The main reason for the low adoption rate, though, is that farmers don't know much about protective farming and how their products might be exposed.
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