Pune/IBNS: Pune-headquartered non-banking financial company Bajaj Finance has received a Rs 341 crore show-cause notice from the Directorate General of Goods and Services Tax Intelligence (DGGI) alleging tax evasion by wrongfully categorising a service charge as an interest charge in an August 3 notice, as per a report by Economic Times.
Kolkata: MP Birla Group's flagship company on Thursday said its June quarter profitability dropped due to unusually weak cement prices and sluggishness in demand, coupled with an unprecedented downturn in the jute industry.
New Delhi/IBNS: The Goods and Services Tax (GST) rate on the premium paid on health and life insurance may be reduced as a proposal in this regard has been sent to the GST rate rationalisation committee, CNBC-Awaaz reported on Thursday (Aug 8) citing sources familiar with the development.
New Delhi/IBNS: YouTube chief executive officer (CEO) Neal Mohan announced on Wednesday that YouTube Shorts, a 60-second video format which made its global debut in India in 2020, has reached a trillion views.
New Delhi/IBNS: Maruti Suzuki, India's largest passenger car maker, will recall 2,555 units of Alto K10 car due to a possible defect in Steering Gear Box, the company said in the statement.
Kolkata: Axis Bank today announced its successful integration with the Goods and Service Tax portal, thereby allowing its Commercial Card Corporate customers to make GST payments seamlessly.
Mumbai: The National Stock Exchange (NSE) reported a 39 percent year-on-year increase in consolidated net profit, reaching Rs 2,567 crore for the quarter ending June 2024.
New Delhi: In a significant relief for property owners, the central government has proposed an amendment to the long-term capital gains (LTCG) taxes for properties purchased before July 23, 2024, media reports said.
New Delhi: Telecom operators have disconnected 73 lakh mobile connections obtained using fake proof of identity or address, the Department of Telecommunications (DoT) informed Parliament on Wednesday.
Mumbai: WazirX, along with its infrastructure partner Liminal and other associated entities, is facing a petition with the National Company Law Tribunal (NCLT) due to a $230 million crypto asset theft.
Mumbai: WazirX, along with its infrastructure partner Liminal and other associated entities, is facing a petition with the National Company Law Tribunal (NCLT) due to a $230 million crypto asset theft.
Mumbai: Godrej Consumer Products Limited (GCPL) on Wednesday reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, reflecting a 41 percent increase from Rs 319 crore in the same period last year.
Mumbai: India's dynamic initial public offering (IPO) market is forging ahead with larger debuts, seemingly unaffected by this week's global equity downturn.
Mumbai: Godrej Consumer Products Limited (GCPL) on Wednesday reported a consolidated net profit of Rs 450.69 crore for the fiscal first quarter, reflecting a 41 percent increase from Rs 319 crore in the same period last year.
Ahmedabad/IBNS: Adani Enterprises Ltd, the flagship entity of Adani Group, on Wednesday (Aug 6) issued a statement, addressing recent media reports concerning the Indian multinational conglomerate's Chairman Gautam Adani's succession plans.
Shoemaker Bata India Ltd reported a 62.84 percent increase in its consolidated net profit, reaching Rs 174.36 crore in the first quarter ended June 2024, driven by margin expansion and gains from the sale of industrial land.
Tokyo: Bridgestone Corporation today announced that it will invest ¥25 billion to upgrade equipment for certain facilities at the Kitakyushu Plant, which produces tires for mining and construction vehicles.
New Delhi: The government is not considering any relaxation of the tax demand sent to Infosys last month, Reuters reported, citing a government source.
New Delhi: Amazon.com India's country head Manish Tiwary has resigned after working with the e-commerce giant for eight years, the company said on Tuesday.
Mumbai: Ola Electric Mobility's Initial Public Offering (IPO), valued at Rs 6,145.56 crore, was subscribed 4.26 times on its final day, falling short of market expectations, media reports said.
Mumbai: Crypto exchange WazirX said Tuesday that following its previous police complaint regarding the $230-million cyberattack last month, a first information report (FIR) was filed at PS Special Cell, PS Lodhi Colony in New Delhi.
New Delhi: The political upheaval in Bangladesh, which resulted in the ouster of Prime Minister Sheikh Hasina on August 5, may impact India's first transnational power supply project operated by billionaire Gautam Adani's Adani Power Ltd, according to media reports.
Mumbai: Billionaire Anil Agarwal's Vedanta Ltd announced on Tuesday that its consolidated net profit for the quarter ending June 30, 2024, surged by 36.5 percent to Rs 3,606 crore, compared to Rs 2,640 crore in the same period the previous year.
Bengaluru/IBNS: Indian space tech startup EtherealX, which is focussing on making reusable rockets, raised $5 million in a seed-funding round, which was led by 'Pre-Series A' fund YourNest Venture Capital and also saw participation from BIG Global investments JSC, BlueHill Capital and others.
Tokyo/IBNS: The Japanese stocks surged more than 10 percent on Tuesday (Aug 6), bouncing back from a record selloff on Monday (Aug 5) on worries over the US economy and a stronger yen, reports said.
New York/IBNS: The Wall Street on Monday (Aug 5) continued the sell-off in global equities owing to a multitude of factors.
New Delhi/IBNS: India's passenger vehicle sales recorded a 10 percent on-year surge in July driven by new model launches and enhanced discounts, according to Federation of Automobile Dealers Associations (FADA), the apex national body of Automobile Retail Industry in the country engaged in the sale, service and spares of two and three Wheelers, passenger cars, utility vehicles (UVs), commercial vehicles and tractors.
Mumbai/IBNS: Indian rupee opened at a record low against the US dollar on Monday, on worries that the risk off prompted by US recession worries could lead to foreign outflows, reports said.
Ahmedabad/IBNS: Gautam Adani, the chairman of Indian multinational conglomerate Adani Group, said he is planning to step down as the group's chairman at the age of 70.
Mumbai/IBNS: Indian stock markets crashed in early hours on Monday (Aug 5) as benchmark indices Sensex and Nifty were off to a weak start on the bourses, extending losses for a second session in a row after weak global cues, growing tensions between Iran and Israel in the Middle East, weak US jobs data, and recessionary fears dented sentiment across sectors.
