The levy was struck down by a HC The government is engaged in a pitched legal battle in the Supreme Court against importers over its decision to levy Integrated Goods and Services Tax (IGST) on ocean freight on a reverse charge basis. With tax authorities reportedly raising fresh queries even […]

This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd’s $2.2 billion USD bonds issue of 2014. Reliance Industries Ltd, the nation’s most valuable company, on Thursday said it has raised USD 4 billion (around ₹30,000 crore) in debt through the largest ever foreign currency […]

Media major News Corporation (NWS, NWSA, NWSLV), Monday said it agreed to buy the Base Chemicals business from S&P Global and IHS Markit for $295 million in a cash transaction. The acquisition agreement was reached following the UK Competition and Markets Authority request that IHS Markit divest Base Chemicals as […]

Objective is to rein in prices of essential commodities The story so far: Securities & Exchange Board of India (SEBI) on Monday issued directions to stock exchanges in the commodity derivatives segment for immediately suspending trading in derivative contracts in key farm commodities, namely paddy (non-basmati), wheat, chana, mustard seeds […]

Grofers had started its quick commerce service with a 10-minute delivery promise a few months ago Online grocery delivery platform Grofers on December 13 said it is rebranding itself as ‘Blinkit’ to reflect its pivot to quick commerce. The Zomato and SoftBank-backed company had started its quick commerce service with […]

It is being rolled out on a pilot basis in Lucknow first, and will be expanded to other Indian cities soon Uber and WhatsApp on Thursday announced a partnership that will allow people in the country to book a ride via WhatsApp – a global-first initiative by the ride-hailing platform. […]

Will also look into other roles that the NaBFID could play for the government, “say the monetization pipeline” The National Bank for Financing Infrastructure and Development (NaBFID) is likely to begin its lending operations with about 190-200 big infrastructure projects in the railways, roads and energy sector, its newly appointed […]

Indian grapes, pomegranates, US cherries and pork could be early winners as India-US trade forum revives after four-year gap. The United States and India committed to integrating their economies across sectors to harness the untapped potential of the bilateral relationship, at the Trade Policy Forum convened after a gap of […]

They are available on several app stores for Android users, the study says. A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps, has stumbled upon more than 600 illegal loan apps operating in India. These apps, mostly used to […]

Female employees are also excited about returning to offices and adapting to newer working models, as per the ‘NASSCOM Return to Workplace Survey’. Over 50% of tech workforce likely to return to offices thrice a week by January 2022, said industry apex body Nasscom’s `Return to Workplace’ survey put out […]