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-
Gujarat government’s GST mop-up rises despite Covid second wave
As per the official data of the state finance department, state GST collection during the first five months of the current calendar year has gone up by Rs 6,166 crore to Rs 17357 crore year-on-year. -
India may raise vaccine spending to $6 billion this fiscal year: Report
India may raise spending on Covid-19 shots by over a quarter this fiscal year to up to Rs 45,000 crore ($6.18 billion) from its budgeted amount, two government sources told Reuters after the prime minister offered free doses to all adults. -
Flipkart to allow QR code based ‘pay-on-delivery’ for consumers
This will help those consumers, who opted for cash on delivery, who can use this facility to scan the QR code attached to their purchase and make a digital payment for their order through any UPI app at the time of delivery. -
New income tax e-filing website launched
The new e-filing website of the Income Tax department was launched on Monday with a variety of new features for taxpayers. The home page of the new website said the "e-filing 2.0" is an "all new portal with features that make e-filing easier for you!" -
Hyatt Regency Mumbai suspends ops due to lack of funds
A severe fund crunch has led to the suspension of operations at Hyatt Regency Mumbai, one of the premium luxury hotels of the financial capital. Incidentally, the global hospitality major’s landmark property in India — Hyatt Regency Delhi (owned by a different group) — has been off Hyatt’s global booking website since last winter, however, it remains operational. -
It’s Not About Selling But Solving Problems, Says Anshuman Chakravarty At Zee Media Leaders Speak Event
Lockdown a compulsion, but Orient Electric took it as a challenge to lead innovation, says Anshuman Chakravarty -
Twitter seeks more time to comply with new IT rules
Social media platform Twitter is learnt to have approached the government seeking more time to comply with the new IT rules. According to sources, Twitter has said that it intends to comply with the rules but needs more time due to the pandemic. The response comes after the govt, last week, issued a strongly-worded final notice to the company regarding its non-compliance. -
Tatas eye wellness space, to inject $75m in Curefit
Days after finishing a majority stake buy in online grocer Bigbasket, Tata Digital on Monday announced a $75 million (over Rs 545 crore) investment in Curefit, a fitness and well-being startup co-founded by Mukesh Bansal, for an undisclosed stake. -
Sebi bans new Franklin Templeton debt funds for 2 years
The Securities and Exchange Board of India (Sebi) on Monday barred Franklin Templeton Mutual Fund from launching any new debt schemes for two years after a probe into its sudden closure of six credit funds last year found "serious lapses and violations". -
Flyers injured as severe turbulence hits Vistara flight
A passenger fractured her right hand and another received special injuries when a Vistara Mumbai-Kolkata flight on Monday encountered severe turbulence during descent. Both passengers were senior citizens. The Boeing 737 with almost 120 people on board experienced turbulence when it was at 20,000-17,000 flight level. While some passengers were injured, three of them had to be taken to hospital for check up. -
Twitter seeks more time from govt to comply with new IT rules
Social media platform Twitter is learnt to have approached the government seeking more time to comply with the new IT rules.According to sources, the micro-blogging site has said that it intends to comply with the rules but needs more time due to the pandemic situation in India. -
Flyers injured as severe turbulence hits Vistara Kolkata flight
A Vistara Mumbai-Kolkata flight on Monday encountered severe turbulence during descent. Some passengers were injured and at least three were taken to hospital at the destination for medical examination. Flight UK775 on June 7 2021, encountered severe turbulence 15 minutes before landing. According to preliminary reports, the turbulence caused injuries to a few passengers. -
'Flipkart in talks to raise $3bn from SoftBank, others'
Walmart Inc-owned e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan's SoftBank Group Corp and several sovereign wealth funds, Bloomberg News reported on Monday. -
DHFL shares may get delisted post Piramal acquisition
Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. -
Indian Railways eyes pollution-free modernization: Check major steps taken towards it
Apart from this, the national transporter has planned to electrify the balanced Broad Gauge (BG) routes across the Indian Railways network by December 2023 to achieve 100 percent electrification of BG routes. -
Unbelievable! Man shows cooking skills in his Lamborghini Aventador, narrowly escapes accident
Steam comes out of the engine bay and a red coolant from the vehicle starts getting disseminated on the ground. Probably, either the extensive revving resulted in the reservoir tank rupturing or the coolant horse burst. It was not meant for BBQ roasting at all. -
Unbelievable! Man shows cooking skills on his Lamborghini Aventador, narrowly escapes accident
Steam comes out of the engine bay and a red coolant from the vehicle starts getting disseminated on the ground. Probably, either the extensive revving resulted in the reservoir tank rupturing or the coolant horse burst. It was not meant for BBQ roasting at all. -
RoDTEP: Rates for export promotion scheme likely to be announced in 10 days, says FIEO
Exporters, which are majority MSMEs dealing with uncertainty while finalising and negotiating new export orders, have been urging the government for immediate notification of rates to factor them and overall guidelines while executing new orders. -
Jeff Bezos to fly to space on Blue Origin rocket
Amazon.com Inc founder Jeff Bezos will fly to space next month on the first space flight from his rocket company Blue Origin, the billionaire said on Monday. -
How much PF has been accumulated in your account? Just an SMS will let you know
EPFO offers various facilities to its subscribers, using which PF Subscribers can check their account balance. -
Flipkart in talks to raise $3 billion from SoftBank, others: Report
Walmart Inc-owned e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan's SoftBank Group Corp and several sovereign wealth funds, Bloomberg News reported on Monday. -
Financial creditors may realise Rs 55k-60k cr through IBC
Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. -
Benchmarks soar to fresh peaks; Sensex jumps 228 points
PowerGrid was the top gainer in the Sensex pack, rallying over 4 per cent, followed by NTPC, UltraTech Cement, Tech Mahindra, Reliance Industries and IndusInd Bank. -
Sensex, Nifty settle at record closing peak
Equity indices surged on Monday with the benchmark BSE sensex rising over 200 points led by gains in banking and IT stocks. The 30-share BSE sensex jumped 228 points or 0.44 per cent to close at fresh peak of 52,329. While the broader NSE Nifty settled 81 points or 0.52 per cent higher at record of 15,752. -
NCLT approves Piramal Group's offer for DHFL on certain conditions
The National Company Law Tribunal (NCLT) on Monday gave its approval to Piramal Group's bid for bankrupt-DHFL, subject to certain conditions. The tribunal's Mumbai-bench, chaired by H P Chaturvedi and Ravikumar Duraisamy, said the approval is subject to the final judgement from the National Company Law Appellate Tribunal (NCLAT) and the Supreme Court's judgement on Kapil Wadhawan in the matter. -
French watchdog fines Google $267m for abuse of mkt power
Alphabet's Google agreed to make changes to some of its widely-used online advertising services under an unprecedented settlement with France's antitrust watchdog released on Monday. -
Financial creditors may realise Rs 55,000-60,000 crore through IBC in FY22: Report
Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. -
Sensex, Nifty settles at record closing peak
Equity indices surged on Monday with the benchmark BSE sensex rising over 200 points led by gains in banking and IT stocks. The 30-share BSE sensex jumped 228 points or 0.44 per cent to close at fresh peak of 52,329. While the broader NSE Nifty settled 81 points or 0.52 per cent higher at record of 15,752. -
Labour Code: Here’s what will change in your take home salary, PF, DA amount, pay structure and more
As per the new wages code, allowances are capped at 50 percent which basically means that half of the gross pay of an employee will be basic wages. The PF contribution is calculated as a percentage of the basic wage, which includes basic pay and dearness allowance (DA). -
Gold Price Today, 07 June 2021: Gold prices yet again decline, rates still cheaper by Rs 7,500 from record level
On MCX, Gold futures for August delivery are staging below Rs 49,000 per 10 grams. On Friday, gold had closed with a strength of about Rs 350 per 10 grams and fell further by Rs 200 to the level of Rs 48800 per 10 grams in late morning trade. -
Zeelab Pharmacy selling 90% Affordable medicines hits 100cr ARR within 2 years
Delhi based Zeelab Pharmacy is revolutionising the Indian generic drug market scenario. -
Fuel price hike: Dharmendra Pradhan blames it on global crude oil price surge
Noting that petrol and diesel have become costlier in recent times, Pradhan said it is up to the GST Council to decide whether the fuel should be brought under the Goods and Services Tax, which, many believe, would substantially bring down the prices. -
Filed Income Tax Return yet? You will have to pay double TDS from July 1-Here’s why
Come July 1, a person will be forced to pay extra TDS and that too at a higher rate if he/she fails to file their Income Tax Returns for the last two years and has aggregate TDS/TCS credit of Rs. 50,000 or more in each of the two years. -
7th Pay Commission: Important update on DA of central employees! Crucial meet on THIS day
Increased salary will soon start coming in the accounts of millions of central employees and pensioners from July 1. -
French watchdog fines Google $267m for abuse of mkt power in the ad biz
The French antitrust authority said on Monday it had handed down a 220 million euro ($267 million) fine to Alphabet's Google for abusing its market power in the online advertising business. -
Got 5 rupee Indian currency note? Here's how you could earn upto Rs 30000
These are the conditions that your will need to check on the 5 rupee currency note you possess so that you could earn up to Rs 30,000. -
RBI’s liquidity measures may aid in kick-starting investment cycle; no rush to roll back rate cuts
The RBI also announced new special liquidity worth Rs 160 billion to SIBDI for on-lending for MSMEs at the prevailing policy repo rate for a period of up to one year. This move is likely to aid in kick-starting the investment cycle. -
Base year for wholesale inflation may be changed to FY18: Report
Wholesale inflation, measured as WPI, had in April 2021 touched an 11-year high of 10.49 percent due to a higher prices of fuel and manufactured products. -
Indian Railways passengers alert! Dozens of trains cancelled, rescheduled on this route – Check complete list
A host of trains run by the Indian Railways will stand cancelled till further orders. -
Don’t dismiss market bubbles — Some leave lasting progress behind
The US stock market looks bubbly, but earnings growth has also been extraordinarily strong through the pandemic -
Should India print more money to boost economy?
The Covid pandemic has ravaged lives & livelihoods across India. The periodic lockdowns since March of 2020 have taken a toll on several sectors. The promising signs of economic recovery after the first wave ran into a brutal second wave and a fresh round of curbs. As a result, there have been a raft of downgrades in growth estimates. -
Explainer: What is 'money printing'?
The periodic lockdowns due to the Covid-19 pandemic since March of 2020 have taken a toll on several sectors. The promising signs of economic recovery after the first wave ran into a brutal second wave and a fresh round of curbs. As a result, there have been a raft of downgrades in growth estimates. -
Petrol, Diesel Prices Today, June 7, 2021: Fuel prices at fresh record high, check rates in your city
In Delhi, petrol hit an all-time high of Rs 95.31 a litre, while diesel is now priced at Rs 86.22 per litre. -
Sensex jumps over 150 pts in opening trade; Nifty tests 15,700
After jumping nearly 180 points in the opening session, the 30-share BSE index turned flat to trade 20.04 points or 0.04 per cent higher at 52,120.09 in initial deals. Similarly, the broader NSE Nifty advanced 29.20 points or 0.19 per cent to 15,699.45. -
Premji Invest co-leads Outreach’s $200 million round
Sales engagement platform provider Outreach has closed a $200 million funding round co-led by new investors Premji Invest and Steadfast Capital Ventures. The funding values Outreach at over $4.4 billion. It has raised $489 million in funding so far. -
Wipro shareholders reappoint two independent directors
Wipro shareholders reappointed two of the company's independent directors, Patrick Ennis and Patrick Dupuis, with an overwhelming majority, though there were some doubts cast in the run up to their reappointment by a proxy advisory firm. -
Oil hits new multi-year highs; investors eye Iran nuclear talks
Oil extended gains to hit fresh multi-year highs on Monday, underpinned by a brighter economic and fuel-demand outlook, while investors eyed the outcome of talks between Iran and world powers over a nuclear deal that is set to boost crude supplies. -
2nd half of May saw surge in job openings
The number of active job openings rose marginally last month to 205,000, from 200,000 in April, with a majority of those added in the last two weeks of the month, as per data from specialist staffing firm Xpheno. -
New income tax e-filing website: Key things to know
The income tax (I-T) department will launch its new e-filing portal on Monday aimed at providing convenience to taxpayers and faster processing of returns. -
New income tax e-filing portal launching today with new features
New taxpayer-friendly portal integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers.
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