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Just in:   • Vodafone Idea's Q2 net loss narrows to Rs 7,218 cr  • Aluminium exports to China rises 10 pc in Q1  • IOC Q2 profit soars on big inventory gains  • 'Value addition of farm produce essential to increase export competitiveness'  • Global smartphone market recovers in Q3, Samsung top seller 
Last updated: 31 Oct, 2020  
 India Economy
IOC Q2 profit soars on big inventory gains
SME Times News Bureau | 30 Oct, 2020
Country's largest public sector refiner Indian Oil Corporation on Friday reported an over 11 times jump in its second quarter net profit to Rs 6,227 crore due to higher inventory gain and exchange gains.
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» Agridex's rally likely to continue on bullish demand for food items
» Railways mulling idea to convert passenger trains to express
» India, UK to set up 'Sustainable Finance Forum'
» Income Tax Department conducts searches in Tamil Nadu
» Discoms in India need to improve power quality: Survey
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Supreme.Court.9.Thmb.jpg SC to hear all pleas against IBC's personal insolvency provisions
SME Times News Bureau | 30 Oct, 2020
The Supreme Court on Thursday ordered the transfer, to itself, of all petitions pending before various High Courts against the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.  
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Punjab map THMB 100% vehicle tax waiver till Dec 31 for Punjab bus operators
SME Times News Bureau | 30 Oct, 2020
In a major relief to bus operators in Punjab, Chief Minister Amarinder Singh on Friday ordered 100 per cent waiver on motor vehicle tax till December 31 for all stage carriage, mini and school buses, while deferring payment of arrears of taxes without interest and penalty till March 31, 2021.  
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Rupee.9.Thmb.jpg Delhi man held on charge of forging Rs 392-cr input tax credit
SME Times News Bureau | 30 Oct, 2020
A Delhi resident was arrested by a team of Directorate General of GST Intelligence's (DGGI) Gurugram Zonal Unit on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit totalling over Rs 392 crore through issuance of invoices without actual receipts/supply of goods or services. 
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Handshake.9.Thmb.jpg Fresh identification of PSUs gives momentum to govt's sell-off plan
SME Times News Bureau | 30 Oct, 2020
The government proposes to start afresh the process to firm up the list of companies for strategic sale and disinvestment as changed market dynamics post the Covid-19 outbreak and the need for distinguishing between strategic and non-strategic sectors have completely changed the gameplan for sell-offs. 
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