If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. That’s according to HSBC analysts. They found that for mainland China-listed companies, known as A shares, just 11.7% of their total revenue last year came from outside the country. The portion was an even…
CBIC advises the public to protect themselves from scams. (Representative image) Various incidents have come to light through news portals/social media platforms of fraudulent persons posing as Indian Customs officers cheating the public of their hard-earned money across the country. The Central Board of Indirect Taxes and Customs (CBIC) has launched a comprehensive public awareness…
Even as the Karnataka government has hiked petrol and diesel prices by increasing value-added tax (VAT) on the fuel, Chief Minister Siddaramaiah on Sunday justified the recent VAT hike on petrol and diesel, saying Karnataka’s fuel rates are still lower than those in Maharashtra, Gujarat and Madhya Pradesh. “In Maharashtra, the VAT on petrol is…
China’s biggest food delivery platform is seeing a trend: more spending on experiences. “More and more consumers are willing to allocate a larger portion of their budget to travel,” Wang Xing, CEO of Hong Kong-listed Meituan , said Thursday during a first-quarter earnings call, according to a FactSet transcript. “Their demand is not only growing,…
This move is in line with Zomato’s strategy of expanding into new areas like entertainment, on top of their existing food and grocery delivery services. If Zomato acquires Paytm’s events and ticketing business, it would be its second-biggest purchase ever, after buying Blinkit (formerly Grofers) in 2022 for Rs 4,447 crore Food delivery giant Zomato…
Check out the companies making headlines in premarket trading. KKR , CrowdStrike , GoDaddy — Shares of KKR climbed more than 8%, while CrowdStrike and GoDaddy added 6% and 3%, respectively. All three companies will join the S & P 500 on June 24, as part of the index’s quarterly rebalance. The three stocks leaving…
The mutual fund industry has added over 81 lakh investors’ accounts in the first two months of the current fiscal (FY25), mainly due to consistent marketing efforts, celebrity endorsements and dedicated work of the distribution network. Additionally, changing perceptions about fixed deposits, which no longer offer competitive returns compared to mutual funds, and the rise…
The original house used in the “Home Alone” movies on Nov. 8, 2021. Erin Hooley/Chicago Tribune/Tribune News Service via Getty Images An array of iconic homes are for sale — and buyers will almost certainly pay extra for that pedigree. However, that premium is hard to quantify since some uber-wealthy buyers will pay almost anything…
Published By: Business Desk Last Updated: June 16, 2024, 11:30 IST Since its launch in 2014, the eMigrate project has been assisting Indian workers MEA and SBI have signed an MoU to provide an additional digital payment service of the bank through its payment gateway SBIePay to users of the eMigrate portal The Ministry of…
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters When is the next stock market crash taking place? It’s a question I get asked often since I wrote “A History of the United States in Five Crashes — Stock Market Meldowns That Defined a Nation.” Until now, I’ve always…
