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Byju’s targets profitability by next year; FY22 results in second week of October
The tech company will also lay off about 4,000 employees over the coming weeks, as a part of the restructuring exercise under the new CEO Arjun Mohan.
Commercial LPG prices hiked by Rs 209; ATF price hiked 5 per cent
A 19-kg commercial LPG cylinder will now cost Rs 1,731.50 in the national capital and Rs 1,684 in Mumbai.
GST mop-up rises 10% to over Rs 1.62 lakh cr in Sep; crosses Rs 1.60 lakh cr mark 4th time in FY24
The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement on Sunday.
Rs 2000 notes exchange date extended
The notes can be exchanged/deposited till Oct 7 in bank branches, after that exchange can take place only at 19 regional offices of RBI
PFC Consulting transfers two Project SPVs to PGCIL
New Delhi: ‘PFC Consulting Limited’, a wholly owned subsidiary of Power Finance Corporation Limited, a Maharatna CPSE, has transferred Two transmission projects specific Special Purpose Vehicles (SPVs) namely ‘Ananthpuram Kurnool…
Online sellers expect 15 per cent jump in sales during upcoming festive season
Sellers are willing to ramp up their advertising spending on the e-commerce platforms during this festive period. Smaller sellers anticipate a 22% ad spend growth compared to the last festive season.
Core sector up 12 per cent in August; highest in 14 months
The eight core industries have a significant impact on the Index of Industrial Production (IIP), accounting for 40.27% of its weighting.
Rising discount levels portent downcycle in truck vehicles, warn analysts
The analysts were commenting in the context of increasing discounts in CV sales after Tata Motors’ sustained sharp reversals in its market share in the Apr-Jun quarter.
Vodafone Idea market share shrinks below 20%; lowest since merger
It is believed that the reason for not catching up with its competitors is not being able to upgrade its network, and lack of funds.
Retrospective tax demand on gaming firms legally untenable, say experts
Experts highlight that the tax department seeks to collect GST amounts significantly higher than the total revenues earned by these companies, which appear legally inconsistent and arbitrary.
Export ban on rice is regulation, not restriction for food security: India tells WTO agri panel
On July 20 this year, India banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season.
No additional debt in FY24; 50-year bonds for first time
The central government will not go for additional borrowing in current financial year, and stick to its budgeted borrowing target of Rs 15.43 lakh crore.
TCS to run GeM portal from October 3; move to save Rs 150 crore per year
The current service providers receive 0.215% on each transaction value with the maximum payout capped at Rs 1.5 crore on a single transaction.
Government tweaks angel tax valuation rules to address investors concern
Angel tax is imposed when an unlisted firm issues shares to an investor at a price higher than its fair market value (FMV).
Ambani scions to draw nil salary as directors
Mukesh Ambani, India’s richest billionaire, has been drawing nil salary from since FY21 and will continue to do the same for the next five years.
REC signs MoU with PNB to co-finance Infra and Logistic projects
REC and PNB to co-finance Infrastructure Projects debts amounting to Rs. 55,000 crore over next three years
UPI transaction volume up from 4.6 billion in Jan 2022 to 9.3 billion in June 2023
PhonePe, Google Pay, and Paytm, in terms of transaction volume, in June 2023, accounted for 95.68% of all transactions compared to 94.55% a year ago.
IIT Madras and Ericsson partner for joint research in Artificial Intelligence
The Centre for Responsible AI is an interdisciplinary research centre with a vision of becoming a premier hub with an immediate impact on deploying AI systems in the Indian ecosystem.
Will generate 5 lakh jobs this festive season: E-commerce firm Meesho
These roles will primarily contain first-mile and delivery associates responsible for tasks like delivery picking, sorting, loading, unloading and return inspections.
500 GW renewable energy target by 2030: Minister RK Singh
The minister said India’s energy transition program is at the top in the world.
