Foreign Exchange Revenue

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  India Generated $143 Million Launching Foreign Satellites Since 2015

  India generated foreign exchange revenue worth USD 143 million through launching foreign satellites during the period from 2015 to 2024, Union Minister of State (Independent Charge), Jitendra Singh, who looks after space sector, informed Lok Sabha.

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  IBM Warns of $3.5 Billion Forex Hit as Quarterly Earnings Beat Estimates

  IBM announced that it had beat quarterly revenue expectations on Monday. However, the 110-year-old IT firm warned that foreign exchange could cause a revenue hit of 6 percent this year on the back of a strong dollar. Other firms like Microsoft and Salesforce have also tempered expectations thanks to a hawkish Federal Reserve and heightened geopolit...

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  ISRO Earned "Millions" Of Dollars, Euros From Foreign Satellite Launches: Centre To Parliament

  India has earned a foreign exchange revenue of approximately USD 35 million and 10 million euros from 2019-21 through the commercial launch of foreign satellites onboard Indian vehicles, the government said today.

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  20 Kg Of Gold, Rs 6.44 Crore Cash Seized From Old Delhi Trader

  In a major haul, over 20 kg of gold and cash of Rs 6.44 crore have been seized from a shop of an old Delhi-based trader by Directorate of Revenue Intelligence (DRI).

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  eBay Forecasts Weaker-Than-Expected Revenue and Profit

  eBay said its gross merchandise value rose 5 percent after accounting for foreign exchange impact.

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  Government Notifies Changes in Rules for Foreign Account Tax Compliance Pact

  The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

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  Financial Institutions Asked to Register With US Taxmen

  All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 per cent under the new Foreign Accounts Tax Compliance Act (FATCA).

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  Tech Mahindra Posts Profit of Rs 720 Crore in Q2

  Notwithstanding a healthy rise in revenue, Tech Mahindra on Wednesday reported a marginal growth in September quarter net profit at Rs 719.7 crore as foreign exchange losses impacted the bottom line.

• Rupee ends flat; lower retail inflation spurs rate cut hopes

  The rupee ended flat on Friday as a slump in local stocks after a weak revenue guidance from IT bellwether Infosys, was evened out by hopes the Reserve Bank of India would cut interest rates next month after data showed slowing consumer inflation.

• Vodafone India Q1 revenue falls to Rs 8966.7 crore, weak rupee a factor

  However, organic revenue grew 16.2 per cent in the June quarter; Vodafone said weak foreign exchanges had a role to play.

• DRI official's bail plea dismissed

  A CBI court dismissed the bail plea of C Rajan, Additional Director General in Directorate of Revenue Intellegence, who was arrested on charges of accepting bribe to defreeze a bank account, agreeing with the contention that he was an influential person.

• Senior DRI official held on graft charges

  CBI arrested a senior Directorate of Revenue Intelligence official for allegedly accepting a bribe of Rs two lakh and an ipad.