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GST) marked its sixth anniversary. I wrote a five-year review last year (Mint, 1 July 2022), commending its compliance simplification after a bad start. I also strongly proposed universal access to the Reverse Charge Mechanism (RCM) to help resurrect informal manufacturing and services.

Companies accused of “greedflation” as the costs for goods and services hit multi-decade highs did not take advantage of inflation to raise prices more than necessary, new research from the Bank of Canada suggests, challenging recent statements made by bank officials.

Société Générale posted Q2 results today, and they’re… Well, they’re pretty good, believe it or not.

Bank of England (BoE) on Thursday made its 14th consecutive increase in interest rates, bringing them to their highest level since early 2008. The central bank raised interest rates by 25 basis points, setting them at 5.25 per cent. The bank emphasized that the persistence of high inflation makes it improbable for them to halt the rate hikes anytime soon, according to a Reuters report. Bank of England's move indicates that borrowing costs are likely to remain elevated for the foreseeable future. The initial response in the financial markets was mixed. The pound experienced a drop but later recovered some of the losses, while stocks remained in negative territory. Although energy prices are anticipated to decrease in the remaining months of the year, leading to a decline in inflation below 5 per cent in the fourth quarter, the government is on track to achieve its goal of halving inflation by the end of 2023. This achievement comes after experiencing a peak of 10.5 per cent at the beginning of the year.

offer for sale (OFS) component. The offer also entails a subscription reservation by eligible employees. A total of ₹58.64 crore of the proceeds from its fresh issue would be utilised for capital equipment purchases, while ₹140 crore will be allocated to the company's working capital needs and other corporate purposes.

Investing.com -- Warner Bros. Discovery, Inc. (NASDAQ:WBD) posted higher than expected core profit in the second quarter, as retail subscriber growth boosted distribution revenue at the entertainment group's key streaming business.

New Delhi: To enhance highway user experience, the National Highways Authority of India (NHAI) has introduced ‘Rajmargyatra,’ a unified mobile application aimed at providing comprehensive information and efficient complaint redressal for national highway users. “This user-friendly app is now available for download on both Google Play Store and iOS App Store, empowering travellers with comprehensive information on Indian National Highways while also offering an efficient complaint redressal system.

Scott Hanson and Pat McClain, who started an advisory firm in 1993 that has grown into $18 billion Allworth Financial, announced Wednesday they are stepping down from their roles as Allworth’s co-CEOs.

Traders have piled into exchange-traded funds covering oil to metals and grains as investors wager that the global economy is set to avoid a painful recession, despite the prospect of higher interest rates.

AI has given rise to a new era of convenience, effectiveness and tailor-made experiences. The global AI market is expected to reach a valuation of approximately $ 1,591.03 billion by 2030.

Signing a cheque? It is important to be cautious before doing it due to the legal and financial implications involved. A signature on a cheque signifies authorisation for the mentioned payment, making it a powerful financial instrument.

For more coverage of Joe Biden’s presidency, visit our dedicated hub and follow along as we track shifts in his approval rating.

For more coverage of Joe Biden’s presidency, visit our dedicated hub and follow along as we track shifts in his approval rating.

New vehicle sales in Australia hit a monthly record in July as the supply of new cars accelerated after pandemic backlogs and buyers of electric vehicles injected fresh impetus.

Temasek Holdings and Mahindra & Mahindra have executed a binding agreement whereby the former will invest Rs 1,200 crore in the latter’s subsidiary Mahindra Electric Automobile Ltd. Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release. This investment will result in Temasek holding a 1.49-2.97% stake in Mahindra Electric Automobile.

Temasek signed an agreement with automotive major Mahindra & Mahindra to invest Rs 1,200 crore in its passenger electric vehicles (EV) company MEAL at a valuation of $9.8 billion, the company said in a stock exchange notification on Thursday. Temasek will join British International Investments (BII) as an investor in MEAL, the company said in a statement. BII had earlier signed an agreement with Mahindra Electric to invest Rs 1,925 crore ($250 million) in July 2022 through compulsory convertible preference shares, which would result in a stake of 2.75-4.76%, depending upon milestones achieved.

Apple AirTag 2 may go into mass production by the fourth quarter of 2024. Currently, the Cupertino-based company sells the first-generation Apple AirTag, which was launched back in April 2021. While an update is due for the tracker, the specifics of what to expect from the next-generation AirTag remain uncertain.

Titan Company fell 3% to the day's low of Rs 2,886 on the NSE in Thursday's early trade after the jewellery maker reported a 2% year-on-year (YoY) decline in the June quarter net profit on Wednesday.Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 crore for the quarter ended June 2023. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore. Both figures were below the Street estimate.

«This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said,» says Ronald Siyoni, Sharekhan.The details are out. The valuation is 5000 odd crores. They are acquiring 56% stake thereabout. What do you make of the valuation?This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said.

Mankind Pharma, Jefferies retained an underperform rating on HPCL, Morgan Stanley had a buy call on Indigo and HSBC maintained a buy on Titan Company. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on M&M Finance: Equal-Weight| Target Rs 300 Morgan Stanley maintained an equal-weight rating on M&M Finance with a target price of Rs 300. Disbursements and collections remained strong in July. Collection efficiency in July was also marginally better.Macquarie on Mankind Pharma: Outperform| Target Rs 1450 Macquarie maintained an outperform rating on Mankind Pharma with a target price of Rs 1450.

Morgan Stanley on Thursday upgraded Indian stocks to overweight rating and ranked India as the No. 1 market in its basket of Asian emerging markets ex-Japan. Beating the likes of Korea and UAE, India jumped 5 places in Morgan Stanley's list on the back of a structural uptrend, secular leadership and relative valuations being less extreme than in October.