Mumbai/IBNS: Employees of Indian multinational information technology (IT) company, Tata Consultancy Services (TCS), have recently received income-tax demands ranging from Rs 50,000 to Rs 1.45 lakh, The Economic Times reported, citing its sources familiar with the matter.
Ahmedabad/IBNS: Indian multinational conglomerate Adani Group has dismissed and denied "baseless allegations" regarding reports of funds being frozen in Swiss bank accounts.
Bengaluru/IBNS: American multinational automobile manufacturer Ford Motor on Friday (Sept. 13) announced plans to restart a manufacturing facility in Tamil Nadu, potentially re-entering the Indian market it exited three years ago, according to a report by Reuters.
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
India's retail inflation in August touched 3.65 percent as compared to 6.83 percent which was recorded during the same period last year.
Tata Power EV Charging Solutions Limited, a EV Charging solutions providers and a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of Tata Power), on Thursday announced the signing of a Memorandum of Understanding (MoU) with Tata Motors Limited (Tata Motors) to set up 200 fast-charging stations for electric commercial vehicles (CV) in all metros cities in India inluding Kolkata and Mumbai.
Bangladesh's interim government has directed Hindu community members to avoid playing musical instruments during the upcoming Durga Puja celebrations at the time of azan and namaz.
Ride-hailing platform Rapido has inaugurated its new 40,554 sq. ft. corporate head-office in Bellandur (Bengaluru).
Mumbai/IBNS: India's largest private sector lender, HDFC Bank, is negotiating with major global banks to offload loans totaling up to Rs 8,400 crore ($1 billion) as part of its strategy to reduce the size of its credit portfolio and improve its credit-to-deposit ratio, reports Bloomberg, citing its sources.
Multinational professional service brand PricewaterhouseCoopers’s U.S. unit will lay off about 1,800 workers, media reports said.
Mumbai/IBNS: The stake sale of Indian private sector bank YES Bank is currently stalled as the Reserve Bank of India (RBI) is hesitant about allowing majority foreign bank ownership, reports Moneycontrol, citing sources familiar with the matter.
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, is contemplating stricter oversight for micro-cap firms going public, which includes enhanced monitoring of how their funds are used and tougher due diligence requirements for merchant bankers, the Economic Times reported, citing a source involved in the discussions who requested anonymity due to the confidential and sensitive nature of the information.
New Delhi/IBNS: Vijay Shekhar Sharma, the founder and chief executive officer (CEO) of Paytm, on Thursday (Sept. 12) said the fintech company will focus on its core business of payments and cross-selling financial services as it works to achieve "profitability soon".
New Delhi: Union Cabinet approved the fourth phase of the Pradhan Mantri Gram Sadak Yojana (PMGSY) on Wednesday which will be implemented from 2024-25 to 2028-29, with a budget allocation of Rs 70,125 crore.
New Delhi: The Union Cabinet has approved the PM E-Drive Scheme with a budget of Rs 10,900 crore over two years to promote the adoption of electric vehicles (EVs) in India.
Pune: Microsoft Corporation (India) Pvt Ltd, the Indian arm of the software giant, has acquired a 16.4-acre land parcel in Pune's tech-centric Hinjawadi suburb for approximately Rs 520 crore, according to documents reviewed by Square Yards, media reports said.
New Delhi: The Indian government has extended the countervailing duty on imports of welded stainless steel pipes and tubes from China and Vietnam for another five years, media reports said, citing a Union Finance Ministry order on Wednesday.
Noida (UP): Prime Minister Narendra Modi has set a target of expanding India's electronics sector to $500 billion by the end of the decade.
Noida: Prime Minister Narendra Modi stated on Wednesday that India aims to become a global hub for producing, using, and exporting green hydrogen.
India's leading ride-sharing app Uber has announced the launch of its upscale Uber Black category.
Chennai/IBNS: Production at Samsung Electronics' key plant in southern India faced disruptions for the second consecutive day on Tuesday (Sept. 10) due to a strike by hundreds of employees demanding higher wages.
Luxembourg/IBNS: Apple Inc. has lost its legal battle over a €13 billion ($14.4 billion) Irish tax bill, while Google has lost its challenge against a €2.4 billion fine for abusing its market power, reports Bloomberg.
New Delhi/IBNS: A senior official said on Tuesday (Sept. 10) that the government is developing a new vehicle scrappage policy focused on pollution levels rather than the age of the vehicles.
Kolkata: Honda Motor's battery sharing service Honda e:Swap has teamed up with sustainable transportation solution provider Bhago Mobility for providing green fleet management services aimed at revolutionizing last-mile delivery solutions for the EV segment.
New Delhi: Lockheed Martin, a U.S.-based defence company, has partnered with Tata Advanced Systems Ltd to strengthen their collaboration on the C-130J Super Hercules tactical airlifter project, media reports said.
Brent futures fell below $70 a barrel for the first time since December 2021, marking a new low in a price slump driven by strong supply, demand concerns, and heavy speculative selling, according to Bloomberg.
New Delhi: The Ministry of Road Transport and Highways has updated the National Highways Fee (Determination of Rates and Collection) Rules, 2008, to include satellite-based electronic toll collection systems.
New Delhi: Maruti Suzuki India (MSI) plans to launch an electric vehicle with a 500-km range, powered by a 60-kilowatt-hour battery, along with several similar models, according to MD and CEO Hisashi Takeuchi on Tuesday, said a Moneycontrol report.
New Delhi: The Competition Commission of India (CCI), on Tuesday, introduced new regulations expanding the scope of companies that must obtain approval for mergers.
