Connect with us

Business

Ruckus in J&K assembly over GST

Published

on

jammu-and-kashmir

Srinagar, July 4: Noisy scenes by the opposition in the Jammu and Kashmir assembly on Tuesday forced the Speaker to adjourn the House twice as the lawmakers took up the discussion on the Goods and Services Tax (GST) implementation.

Opposition MLAs belonging to the National Conference (NC), the Congress and Independents stood up on their seats and later rushed towards the Speaker’s chair as the four-day long special session started here.

Speaker Kavinder Gupta ordered marshalling out of Independent MLA Engineer Rashid and some other opposition MLAs as they raised anti-GST slogans.

The House would resume at 2.30 p.m.

The opposition parties including the NC, Congress and Independents said they were not against the GST per se, but were against the adoption of Amendment 101 in its present form.

The opposition believes it will infringe on the special status of the state.

They argued that surrendering collection of taxes to the GST Council would take away the financial autonomy of the state as guaranteed under Article 370 of the Constitution.

The opposition MLAs alleged that the ruling PDP under pressure from its BJP ally has decided to bulldoze through the GST implementation in the state.

Jammu and Kashmir is the only state in the country where the GST has not been implemented so far.

IANS

Business

Markets open on negative note

Published

on

sensex

Mumbai, Jan 24: The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

Later the Sensex move to a positive region.

The Sensex of the BSE after opening at 36,161.62 points touched a high of 36,163.68 and a low of 36,085.68 points.

On Tuesday the Sensex closed at 36,139.98 points.

The Sensex is trading at 36,165.75 points up by 25.77 points or 0.07 per cent.

On the other hand, the broader 51-scrip Nifty at the National Stock Exchange (NSE) opened at 11,069.65 points after closing at 11,083.70 points.

The Nifty is trading at 11,076.25 points in the morning.

IANS

Continue Reading

Business

Enterprises now deploying AI technologies: Infosys

Published

on

infosys

Davos, Jan 23: Enterprises are moving beyond the experimentation phase with Artificial Intelligence (AI) and are now deploying AI technologies more broadly, said an Infosys survey on Tuesday.

There is a fundamental shift in how enterprises operate as AI takes hold, according to the “Leadership in the Age of AI” survey.

“AI, as the research shows, is becoming core to business strategy, and is compelling business leaders to alter the way they hire, train and inspire teams, and the way they compete and foster innovation. Industry disruption from AI is no longer imminent, it is here,” Mohit Joshi, President, Infosys, said in a statement.

“The organisations that embrace AI with a clearly-defined strategy and use AI to amplify their workforce rather than replace it, will take the lead, and those that don’t will fall behind or find themselves irrelevant,” Joshi added.

Seventy three per cent respondents strongly agreed that their AI deployments have already transformed the way they do business, and 90 per cent C-level executives reported measurable benefits from AI within their organisation.

Organisations are taking steps to prepare employees and business leaders for the future of work, with 53 per cent respondents indicating that their organisation has increased training in the job functions most affected by AI deployments.

More than 1,000 business and IT leaders with decision-making power over AI solutions or purchases at big organisations across seven countries were included in the survey.

IANS

Continue Reading

Business

Market zooms: Sensex at 36K, Nifty50 at 11K

Published

on

sensex

Mumbai, Jan 23: Projection of India’s healthy economic growth outlook, along with bullish global cues lifted the key Indian equity indices to their new highs during the early morning trade session on Tuesday.

Accordingly, the S&P BSE Sensex and the NSE Nifty50 breached their previous respective intra-day high levels.

In the process, the barometer Sensex crossed the 36,000-points-mark and the NSE Nifty50 climbed above 11,000 points.

Market analysts pointed-out other factors such as positive Q3 results and buying support in oil and gas, banking, capital goods and consumer durables stocks aided in the key indices’ upward trajectory.

At 9.50 a.m., the 30-scrip S&P BSE Sensex, which had closed at 35,798.01 points on Monday, traded higher at 36,036.51 points, up by 238.50 points or 0.67 per cent.

At the National Stock Exchange (NSE), the broader Nifty50 quoted at 11,039.75 points, up by 73.55 points or 0.67 per cent.

IANS

Continue Reading
Advertisement

Most Popular