The Department of Revenue (DoR), Ministry of Finance has clarified that any purchase of gold, silver, jewellery, or precious gems and stones below ₹2 lakh does not require PAN or Aadhaar of a customer as mandatory Know Your Customer (KYC) document. Sources said that the notification issued under PML Act, 2002, […]
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Avenue Supermarts’ Q3 consolidated net rises 16% to ₹447 cr
Avenue Supermarts, which owns the hyper-retail chain DMart, on Saturday reported 16% rise in consolidated net profit at ₹447 crore in the December quarter as against ₹384 crore in December 2019. Consolidated revenue of the Mumbai-based company rose 11% to ₹7,542 crore as compared to ₹6,808 crore in the year-ago period. Earnings before Interest, […]
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India’s fuel demand scales 11-month peak in December as recovery gathers pace
India’s fuel consumption in December rose for a fourth straight month as economic activity and transport demand continued to recover from a coronavirus-led hiatus. Consumption of fuel, a proxy for oil demand, rose 4.1% to 18.6 million tonnes in December, the highest since January 2020, data from the Petroleum Planning […]
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UK-US race for mini trade deal slowed by Trump’s mob crisis
The US and the UK were racing to reach a limited trade agreement before the political crisis in Washington jeopardized plans to announce a deal within days, according to three people briefed on the negotiations. With less than two weeks in the Trump administration, the goal is still to resolve […]
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Intel talks with TSMC, Samsung to outsource some chip production
Intel Corp. has talked with Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. about the Asian companies making some of its best chips, but the Silicon Valley pioneer is still holding out hope for last-minute improvements in its own production capabilities. After successive delays in its chip fabrication processes, Santa […]
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Karan Johar shares pic of Roohi and Yash as ‘baby rappers in the house’
Filmmaker Karan Johar took to Instagram to share a funny picture of his kids – Yash and Roohi. He joked about his fashion influence on his kids as they sported funky sunglasses with their night clothes. Sharing the picture, he wrote: “Not sure I am a good fashion influence … […]
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A village in Uttarakhand dumps tradition, puts curbs on liquor
THIS NOVEMBER, as a gesture of thanks to local residents who had helped out during the wedding functions of his cousin sister and two daughters, primary school teacher Mahesh Singh of Ratir Kethi village in Uttarakhand’s Bageshwar district promised them liquor instead of money, as per a local tradition. Consequently, […]
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Chaos in Pak Senate over arrest of PDM workers
The Pakistan Senate session which started on December 30 has become a battleground between the Imran Khan-led government and the opposition on the issue of the arrest of Pakistan Democratic Movement (PDM) workers. On Friday, salvos were exchanged over the arrest of PDM workers. The opposition members charged that the […]
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US loses 140,000 jobs, first monthly loss since spring
US employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and businesses. At the same time, the unemployment rate stayed at 6.7%, the first time it hasn’t fallen since […]
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India’s ‘Institutions of Eminence’ can now set up campuses in foreign countries
Indian universities and colleges with the Institutions of Eminence (IOEs) tag, which include several IITs, will now be able to set up campuses in foreign countries with the University Grants Commission (UGC) issuing fresh guidelines on the same. The Education Ministry had launched the IoE scheme in 2018 as per […]
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ITR filing last date January 10, over 1.2 lakh returns filed in an hour
The last date for filing income tax returns for the financial year 2019-20 (the assessment year 2020-2021) is January 10. This year, the deadline has been extended thrice owing to the Covid-19 pandemic situation. However, demands for another extension are being raised as the extension of 10 days from the […]
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Australia on high alert after overseas travellers bring new Covid-19 strains
Australia’s health officials said on Saturday they are on high alert after cases of highly transmissible new variants of the coronavirus, discovered in Britain and South Africa, have made it into the country. Brisbane, the capital of Queensland, on Saturday went into a three-day strict lockdown after the discovery of […]
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Gender violence takes centre-stage in new Spanish opera
The death of a woman at the hands of her former lover is played out repeatedly in a dark new take on a classic opera in Madrid that seeks to leave audiences questioning their own attitudes to gender violence. In “Marie”, award-winning Spanish playwright Lola Blasco recasts an unfinished 19th-century […]
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PM Modi to address National Youth Parliament Festival on Jan 12
Prime Minister Narendra Modi will address the National Youth Parliament Festival 2021 on January 12. “Prime Minister Narendra Modi will address the National Youth Parliament Festival 2021 on 12th January at 10 AM,” the Ministry of Education tweeted. “The event will be covered live on Education Minister Ramesh Pokhriyal’s Twitter/Facebook […]
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Jadeja out of 4th Test due to thumb fracture; Pant likely to bat: BCCI source
Depleted India’s injury woes worsened on Saturday with senior all-rounder Ravindra Jadeja sustaining a left thumb dislocation and fracture which is likely to rule him out of the final Test in Brisbane, starting January 15. However, there is some good news for India as wicketkeeper-batsman Rishabh Pant’s elbow injury is […]