The estimated monthly&nbsp;wage loss attributed to job cuts in the country during the first two lockdowns alone would amount to ₹33,800 crore, as per a study by the Indira Gandhi Institute of Development Research. Assuming these employees remained jobless for a steady six months, the overall anticipated wage loss would amount&nbsp;to ₹2 lakh crore, or 3 times the finances allotted for the MGNREGA scheme within the 2020-2021 union finances, the research mentioned.&nbsp;The research paper also stated&nbsp;that Lockdown 1 and Lockdown 2 have put around 11.6 crore and 7.9&nbsp;crore workers at risk of job loss, respectively.

The Income Tax Department has announced a further extension to the deadline for filing income tax return for the financial year 2019-20 to November 30. The department, in a tweet on Saturday, said that the move has been taken &ldquo;understanding and keeping in mind the times that we are in&rdquo; and hoped it will help taxpayers &ldquo;plan things better&rdquo;. This comes just a couple of days after the I-T department on Thursday extended the deadline for tax saving investments/payments for the financial year 2019-20 up to July 31.

Chinese tech giant unicorn ByteDance Ltd is anticipating a loss of over $6 billion after three of its apps, including the hugely popular video app TikTok, were banned by India this week, a media report said. The $6 billion amount is most likely more than the combined losses for all the other Chinese apps banned by India, China's Caixinglobal.com reported, quoting sources close to the company's senior management. India banned 59 Chinese apps after the Galwan clash which left 20 Indian soldiers dead.

India&rsquo;s trade deficit with China fell to $48.66 billion in 2019-20 on account of the decline in imports from the neighbouring country, according to government data. Exports to China in the financial year 2020 stood at $16.6 billion, while imports aggregated at $65.26 billion, the data showed. The trade deficit stood at $53.56 billion in 2018-19 and $63 billion in 2017-18.

Vedanta will be dropped from the Nifty 50 index and other indices from July 31 as the&nbsp;company&nbsp;proposed voluntary delisting. In its place, HDFC Life Insurance Company will be included in the Nifty 50 index. Apart from that, SBI Cards and Payment Services would replace Vedanta in Nifty 500, Nifty 200, Nifty 100&nbsp;and Nifty Midcap 250 indices.

India's services sector activity remained in a deep downturn in June as the Covid-19 pandemic curtailed intakes of new work orders and disrupted business operations, a monthly survey said on Friday. The&nbsp;IHS Markit&nbsp;India&nbsp;Services Business Activity Index was at 33.7 in June, however, up from 12.6 recorded in May.&nbsp;The Indian services sector activity contracted for a fourth successive month in June.

The finance ministry on Friday said that Income Tax department has issued tax refunds worth ₹62,361 crore to over 20 lakh taxpayers amid the Covid-19 pandemic. Income tax refunds amounting to ₹23,453&nbsp;crore have been issued in over 19 lakh cases to taxpayers and corporate tax refunds amounting to ₹38,908&nbsp;crore have been issued in 1.36 lakh cases to taxpayers during this period, the release stated.

Further upping the ante on China, India has banned the import of power equipment from the neighbouring country. Power minister RK Singh on Friday said that no power equipment import will be allowed from China and Pakistan. The minister added that Beijing may use it as a "Trojan horse" that can be potentially used to trigger a power grid shutdown in the country. "India imported Rs 71,000 crore worth power equipment including Rs 21,000 crore from China. This is something we cannot tolerate that a country will transgress into our territory," the minister said at the state energy ministers conference.

American&nbsp;tech giant&nbsp;Intel will invest ₹1,894&nbsp;crore in Reliance Industries' Jio Platforms, making it the twelfth high-profile investment in the firm in less than three months. As per the deal, Intel will have 0.39% stake in RIL's digital arm. The Intel deal values Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
&nbsp;

Indian equity&nbsp;markets opened higher on Friday following positive global&nbsp;cues.
At 9:25 am, the Sensex was 225 in the green at 36,069 and the Nifty was trading above 10,600, rising 0.56%.
Tata Motors, UPL, Axis Bank, BPCL&nbsp;and L&amp;T were the top Nifty movers.
&nbsp;

The US has added as many as 4.8 million new jobs in June, bringing down the unemployment rate to 11.1%,&nbsp;the US Bureau of Labor Statistics said in its latest monthly report. The unemployment rate declined by 2.2 percentage points from 13.3% in May and the number of unemployed persons fell by 3.2 million to 17.8 million.&nbsp;&ldquo;Our economy is roaring back,&rdquo; President Trump told reporters during a White House news conference.

Moody's Investors Service on Thursday said the amendments to India's bank resolution framework are credit positive as they will help preserve depositor confidence. On June 26, the government amended the Banking Regulation Act, 1948, allowing the Reserve Bank of India&nbsp;to initiate the resolution of a weak bank by reconstructing its capital or merging it with another bank without the prior requirement of imposing a moratorium on its depositors or creditors.
&nbsp;

Indian stock markets ended with a strong note on Thursday tracking&nbsp;global cues.
The Sensex&nbsp;jumped 429 points and the Nifty closed 1.17% higher at 10,551.
M&amp;M, Hero Moto&nbsp;Corp, Cipla, Titan and HCL&nbsp;Tech were the top Nifty movers.
The rupee appreciated 56 paise to settle at 75.04 against the US dollar.&nbsp;

In a bid to accelerate the wheels of the&nbsp;coronavirus-hit economy, India needs foreign direct investments worth ₹50 to 60 lakh crore, Union minister Nitin Gadkari&nbsp;said. The money can be tapped mainly through infrastructure projects and&nbsp;MSME sector, he added. The senior Central minister said such funds would benefit the country as there is a need for pumping in liquidity into the market.&nbsp;Gadkari further said that talks are on with investors from Dubai and the US for various sectors, including MSMEs.
&nbsp;

IndiGo&nbsp;on Thursday said it will give a 25% discount on the airfare to doctors and nurses till the end of 2020 as they are at the forefront of the battle against the coronavirus pandemic. The nurses and doctors will be required to provide valid hospital IDs at the time of check-in as a proof of their identity. The discount will be offered while booking through IndiGo's website, valid for sale and travel from July 01, 2020 till December 31, 2020.

UPI&nbsp;payments in June hit an all-time high of 1.34 billion transactions worth nearly ₹2.62 lakh crore, as per National Payments Corporation of India&nbsp;data.&nbsp;It grew 9% sequentially from 1.23 billion in May, and beat the previous high of 1.32 billion transactions worth&nbsp;₹2.22 lakh&nbsp;crore in February.&nbsp;Experts said digital payments got a renewed push because of the coronavirus outbreak, which prompted people to switch to contactless payments.
&nbsp;

China&rsquo;s commerce ministry on Thursday said that it hopes India would correct its discriminatory actions against Chinese companies immediately,&nbsp;Reuters reported. The statement comes&nbsp;after India banned Chinese mobile apps amid a border crisis between the two countries. China has not adopted any restrictive or discriminatory measures against Indian products and services, China's Ministry of Commerce&nbsp;told reporters, adding that India&rsquo;s actions are in violation of WTO rules.

Tesla stock surged on Wednesday in US trading, surpassing Toyota as&nbsp;the most valuable carmaker in the world. Shares of the American electric vehicle manufacturer climbed by 5% in early trading to a record $1,133, giving the company a market value of $209.5 billion.&nbsp;Toyota is valued at $202 billion.

Amazon founder and CEO&nbsp;Jeff Bezos&rsquo;s wealth has soared to $171 billion, surpassing his own previous record prior to his divorce settlement last year. Amazon&nbsp;scrips&nbsp;surged 4.4% to a record $2,878 on Wednesday, boosting the founder&rsquo;s world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on September 4, 2018, according to the&nbsp;Bloomberg Billionaires Index.
&nbsp; &nbsp;

The World Bank has approved $750 million worth loans to&nbsp;MSMEs&nbsp;in India which have been severely impacted by the Covid-19 crisis. This will support the MSME package announced by the government under its &lsquo;Self-reliant India&rsquo; programme. India&rsquo;s MSME sector, which contributes 30% of India&rsquo;s GDP and 40% of exports, is currently facing severe stress. The sector also employs 150-180 million people.

editorji

follow us

download editorji app

home > business > SC asks RCom to pay ₹1400cr in 2 days

replay trump newslist

up NEXT IN 5 SECONDS sports newslist

NaN/0

SC asks RCom to pay ₹1400cr in 2 days

Nov 30, 2018 11:43 IST

share this news

explore newslists

International

Lifestyle

Hollywood

Sports

Viral

Tech

National

Showbiz

Travel

Local

Business

Jul 05, 2020 12:00 IST

Jul 05, 2020 07:20 IST

Jul 05, 2020 07:20 IST

Jul 05, 2020 07:20 IST

Jul 05, 2020 07:20 IST

Jul 05, 2020 07:20 IST

Jul 05, 2020 07:30 IST

Jul 05, 2020 07:30 IST

Jul 05, 2020 07:30 IST

Jul 03, 2020 10:50 IST

Jul 05, 2020 07:30 IST

Jul 05, 2020 07:30 IST

Jul 02, 2020 20:10 IST

Jul 05, 2020 07:30 IST

Jul 02, 2020 20:11 IST

Jul 05, 2020 07:30 IST

Jul 02, 2020 20:14 IST

Jul 02, 2020 20:16 IST

Jul 02, 2020 20:16 IST

Jul 02, 2020 20:16 IST

follow editorji

download editorji

editorji

About Us

Reach us

Navigate

home
> business
> SC asks RCom to pay ₹1400cr in 2 days