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Company slashes revenue guidance; Headcount falls

The guidelines are expected to provide more clarity on investments in EV manufacturing in the country, which is at a nascent stage and is expected to grow into a major category within the automobile sector in the coming years.

In the year ended March 2023, outward FDI, which is represented by total financial commitment, stood at $46.96 billion, according to the RBI data.

The board on Thursday unanimously approved the appointment of Keki M Mistry as the Chairman of the board. Mistry has been associated with the company since December 2000 and is currently a Non-Executive Director on the board.

The DGCA was asked to indicate the likely implementation date in the next hearing scheduled for May 8.

The 30-share Sensex advanced 354.45 points, or 0.47 per cent, to close at 75,038.15, and the Nifty climbed 111 points, or 0.49 per cent to end at a new high of 22,753.8.

The PPT will deny treaty benefits, such as the reduction of withholding tax on interest royalties and dividends, where it is established that obtaining that treaty benefit is one of the principal purposes for the party engaged in the transaction.

Mutual funds played a major role in the sustained rally in the market. Inflows into equity mutual fund schemes increased by 23 per cent to Rs 26,865.78 crore on a net basis in February.

The all-time high level of detection of GST evasion cases in FY24 came even as gross GST collections recorded a 11.6% increase from the previous financial year to Rs 20.18 lakh crore.

The cost of the veg thali increased due to a surge of 40 per cent, 36 per cent and 22 per cent on-year in prices of onion, tomato and potato, respectively, due to lower arrivals of onion and potato and low base of last fiscal for tomatoes, Crisil said.