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Domestic Airlines’ Shares Get A Boost As Cap On Ticket Prices Lifts

Ut World August 11, 2022 0

A day after the civil aviation ministry announced it would lift the price caps on tickets it had put in place owing to the coronavirus outbreak two years prior, shares of domestic Indian carriers increased. Tickets can now be priced freely by domestic carriers IndiGo, SpiceJet Ltd, Air India, Continue Reading

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RBI Hikes Key Rate By 0.50% To 5.40%, Highest Since 2019

Ut World August 5, 2022 0

The Reserve Bank of India increased its benchmark lending rate by 50 basis points on Friday, bringing it to pre-pandemic levels of 5.40 percent. This was the third consecutive increase to the rate, which was raised to combat this year’s persistently high inflation. The monetary policy committee (MPC) increased the benchmark lending rate, often known […]Continue Reading

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No GST On Perks To Employees, Clarifies Government Tax Body

Ut World August 3, 2022 0

The Board of Central Excise and Customs (CBIC) has made it clear that benefits provided by employers to employees are exempt from the Goods and Services Tax (GST). An employee’s services provided to the employer while they are employed will not be regarded as a supply of goods or services, according to a recent circular. […]Continue Reading

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12th MBA Award Handed To Dr A V Anoop

Ut World August 2, 2022 0

The 12th Multimillionaire Business Achiever (MBA) award was handed to Dr A V Anoop, Managing Director of A V A Group of Companies. The awards ceremony was held on 1st August at the Le-Meridian Hotel, Kochi. The owner of Sree Gokulam Group of Companies, Gokulam Gopalan was the chief guest for the award ceremony. The […]Continue Reading

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India Launches First International Bullion Exchange

Ut World July 29, 2022 0

India, the second-largest consumer of precious metals worldwide, opened its first global bullion exchange on Friday in an effort to increase market transparency. The Gujarat International Finance Tec-City, or GIFT City, home of the India International Bullion Exchange (IIBX), may help standardise gold prices in India and facilitate trading for small bullion dealers and Continue Reading

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MBA Award 2022: DR. A. V. Anoop will be honoured with the award

Ut World July 29, 2022 0

Dr. A V Anoop, Director, AVA Group of Companies, has been selected for this year’s MBA (Multi-Millionaire Business Achiever) Award. Entrepreneurs with entrepreneurship and individual social responsibility are eligible for the MBA award. The award ceremony will be conducted on August 1st at Le Meridien hotel, Kochi. MBA awardees will receive membership in the Federal […]Continue Reading

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Will gold duty hike be a game changer?

Ut World July 28, 2022 0

Article By V P Nandakumar MD & CEO Manappuram Finance Ltd Tough times call for tough measures and the Union government on July 1 opted for the decisive step of raising effective import duty on gold to 15% from 10.75%. The basic customs duty on gold was 7.5 per cent and this was increased to […]Continue Reading

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Roshni Nadar remains richest Indian woman: Report

Ut World July 28, 2022 0

Roshni Nadar Malhotra, chairwoman of HCL Technologies, has maintained her title as the richest woman in India, with a 54% increase in her net worth to Rs 84,330 crore in 2021. According to the Kotak Private Banking-Hurun list released on Wednesday, Falguni Nayar, who left her position in investment banking to launch the beauty-focused company […]Continue Reading

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5G spectrum auction today: Jio, Airtel, Vi, Adani Data Networks in the fray

Ut World July 26, 2022 0

On Tuesday, the eagerly anticipated 5G spectrum auction will take place, and the Center anticipates making between Rs 1-1.1 lakh crore from it. In this auction, a spectrum with a 72 gigahertz (GHz) bandwidth and approximately 72,000 megahertz (MHz) spread across nine bands with a 20-year validity period would be sold for Rs 4.3 lakh. […]Continue Reading

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Airtel To Be At Forefront Of Bringing 5G To India, Says Sunil Mittal

Ut World July 23, 2022 0

With a strong network to serve the nation’s digital-first economy, Bharti Airtel Chairman Sunil Mittal has stated that the business will be at the forefront of bringing 5G connectivity to India. The timing of Mittal’s remarks has relevance now that the 5G spectrum auction countdown has started. During the auction, which is set to start on […]Continue Reading