GST Council reduces tax on equipment, meds to fight Covid19
Jun 13, 2021, at 04:25 am
New Delhi/IBNS: The Goods and Services Tax Council Saturday slashed taxes on medicines, medical equipment needed in hospitals and other items used to fight Covid-19.
Karnataka High Court dismisses Flipkart, Amazon's plea against CCI probe on trade practices
Jun 13, 2021, at 03:16 am
Bengaluru/IBNS: The Karnataka High Court has dismissed a writ petition filed by e-commerce companies Flipkart and Amazon against a probe ordered by Competition Commission of India (CCI) against their business practices, said media reports.
WhatsApp Pay Continues Struggling Months after Launch
Jun 12, 2021, at 05:54 pm
The Facebook-owned messaging giant caused Indian regulators some initial concerns with its dominant market share. The RBI and the NPCI imposed substantial limitations to its payment service back in November when effortless adoption rates were predicted. Yet, its actual market penetration (under India’s own UPI) is way below expectations.
Syska launches its smartwatch Syska Bolt SW200
Jun 12, 2021, at 01:26 am
Mumbai/UNI: Syska Group, a FMEG brand in India, today announced the expansion of its partnership with e-commerce marketplace Flipkart by launching the Syska Bolt SW200 smartwatch.
Mahindra appoints Pratap Bose to lead Global Design organization
Jun 12, 2021, at 01:20 am
Kolkata/UNI: The Mahindra Group today announced the appointment of Pratap Bose as its Executive Vice President and Chief Design Officer to lead its newly set Global Design organization.
Covid 19 impact: GCCI seeks exemption of taxes for the tourism industry
Jun 12, 2021, at 01:16 am
Panaji/UNI: Goa Chamber of Commerce and Industry (GCCI) on Friday demanded exemption of taxes applicable for tourism and hospitality industry on account of adverse impact on businesses due to Covid 19.
Virgin Atlantic partners with TCS to power recovery and transformation-led growth
Jun 12, 2021, at 01:07 am
Mumbai/UNI: The IT major Tata Consultancy Services (TCS) said that it has expanded its strategic partnership with Virgin Atlantic, UK airlines, to help the latter embark on a new phase of recovery and growth.
COVID-19 impact: Vehicle sales down by 65 pc in May
Jun 11, 2021, at 09:14 pm
New Delhi/UNI: COVID-19 induced lockdowns and other restrictive measures in various states have led to a sharp decline in domestic automobile sales figure in May 2021, data released by Society of Indian Automobile Manufacturers (SIAM) on Friday showed.
Petrol price in Mumbai crosses Rs 102
Jun 11, 2021, at 02:58 pm
New Delhi/UNI: Petrol and diesel prices, after remaining stable for a day, rose to a new record level on Friday.
CBI probes Delhi firm that defrauded Union Bank of Rs 52 cr, directors fled India in 2019
Jun 11, 2021, at 06:26 am
Delhi/IBNS: The Central Bureau of Investigation (CBI) has started an investigation against a Delhi-based company and its promoters over a bank fraud of Rs 52 crore, media reports said.
Automotive tech company CDK Global acquires digital retail platform Roadster
Jun 11, 2021, at 03:02 am
Illinois (US)/IBNS: CDK Global, Inc., a leading retail automotive technology company, has acquired Palo Alto, California-based digital sales platform Roadster, Inc. (Roadster).
Vivek Sharma approved by Viacom18 as their head of branded content
Jun 11, 2021, at 01:23 am
Mumbai/UNI: Viacom18, a media and entertainment network, on Thursday announced the appointment of Vivek Mohan Sharma as head of branded content, Viacom18.
BharatPe announces acquisition of PAYBACK India
Jun 10, 2021, at 06:43 pm
Kolkata/UNI: BharatPe, India’s financial service company for merchants, has announced the acquisition of PAYBACK India from American Express and ICICI Investments Strategic Fund, for an undisclosed amount.
SVC Bank clocks profit of INR 150.21 crore in FY 2020-21
Jun 10, 2021, at 04:04 am
Mumbai/IBNS: SVC Co-operative Bank Ltd (SVC Bank), one of India’s leading co-operative banks, registered a profit of Rs 150.21 crore for the year ended March 31 2021.
Ambuja Cement Foundation and Trustea join hands to boost sustainable tea production
Jun 10, 2021, at 02:21 am
Kolkata/IBNS: Ambuja Cement Foundation (ACF) and Trustea Sustainable Tea Foundation have entered into a collaboration to boost sustainable agriculture in the tea sector.
Bajaj Allianz Life declares Rs. 1,156 crore as bonus
Jun 10, 2021, at 12:18 am
New Delhi: Bajaj Allianz Life, one of India’s leading private life insurer has declared bonuses amounting to Rs. 1,156 crore to its policyholders.
Indian Bank partners with Fisdom to offer Wealth Management solutions
Jun 09, 2021, at 09:27 pm
Kolkata: Indian Bank, 7th largest public sector bank, has partnered with the leading wealth-tech company Fisdom to offer a comprehensive suite of wealth management products and services to the bank’s 10 Crore customers.
India will remain second-fastest growing economy; expected to grow at 8.3%
Jun 09, 2021, at 03:20 pm
The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April estimate by almost 2 per cent.
India's defence exports see substantial rise, says Centre in e-booklet
Jun 08, 2021, at 11:57 pm
New Delhi/UNI: India exported defence products worth Rs 9,116 crore in 2019-20 -- a substantial rise from Rs 1,941 in 2014-15.
Jun 08, 2021, at 11:26 pm
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Tuesday flagged IT giant Infosys co-founder and chairman Nandan Nilekani over a large number of complaints from users of the new e-filing website which the Income Tax Department launched the day before.
Jammu and Kashmir: Beekeepers from remote Rajouri village seek govt help to market honey
Jun 08, 2021, at 09:32 pm
Rajouri: Villagers in a remote village in Jammu and Kashmir's Rajouri district,who had taken up beekeeping several years ago to supplement their income from farming, are now seeking government help to market their produce, media reports said on Tuesday.
Jun 08, 2021, at 04:36 pm
Srinagar: Jammu and Kashmir Rural Livelihoods Mission (JKRLM) 'Umeed' has initiated a first of its kind all-women Dairy Farmers Producer Organization (FPO) at Mitrigam in Pulwama district, media reports said.
New policy will provide speed to vaccination against Covid-19: ASSOCHAM after PM speech
Jun 08, 2021, at 01:21 am
Kolkata/IBNS: The decision to streamline vaccine procurement with the Centre bearing 75 per cent of the cost of doses, as announced by Prime Minister Mr Narendra Modi today, would provide speed to India’s vaccination programme and leave states with more resources to fight the coronavirus, industry body ASSOCHAM has said.
ICICI Prudential Life announces the highest ever bonus of Rs. 867 crore for policyholders
Jun 08, 2021, at 01:18 am
Kolkata: ICICI Prudential Life Insurance has announced an annual bonus of Rs. 867 crore for all eligible participating policyholders for FY2021.
Ducati launches the much-awaited BS6 Panigale V4 and Diavel 1260 in India
Jun 08, 2021, at 01:12 am
New Delhi: Luxury motorcycle brand Ducati today announced the launch of the much-awaited Ducati Panigale V4, and Diavel 1260, expanding its BS-6 range in India. With the launch of these new models, Ducati has already delivered on 8 of the 12 bike launches promised for India in 2021.
Anshuman Rai appointed as new AVP India & South Asia at Commvault APJ
Jun 08, 2021, at 01:09 am
Kolkata: Commvault, on Monday announced the appointment of Anshuman Rai as Area Vice President, India & South Asia.
Vijaya Diagnostic files papers to raise funds via IPO
Jun 08, 2021, at 01:04 am
New Delhi: Vijaya Diagnostic Centre, a healthcare chain, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share-sale.
Indian Market: Sensex recovers 228.46 pts
Jun 07, 2021, at 10:19 pm
Mumbai/UNI: The BSE Sensex on Monday jumped by 228.46 pts to close at 52,328.51 following gains in Utilities, Energy, Power and Telecom stocks.
Powergrid moves up by 4.44 pc to Rs 236.20
Jun 07, 2021, at 09:51 pm
Mumbai/UNI: Powergrid on Monday gained by 4.44 pc to Rs 236.20 a major gainer in 30 scrips of BSE.
Reliance Infrastructure Limited board approves preferential issue to promoters
Jun 07, 2021, at 03:01 am
Mumbai: The Board of Directors of Reliance Infrastructure Limited (RInfra) at its meeting held on Saturday approved raising of funds upto Rs. 550.56 crore by preferential allotment of upto 8.88 crore equity shares and / or warrants convertible into equivalent number of equity sharesof the Company to promoter group and VFSI Holdings Pte. Limited, an affiliate of Värde Investment Partners, LP.