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Cost Inflation Index (CII) for FY 2023-24 announced by CBDT-thumnail

Cost Inflation Index (CII) for FY 2023-24 announced by CBDT

The Central Board of Direct Taxes (CBDT) has announced the Cost Inflation Index (CII) for the fiscal year 2023-24. The CII is a crucial tool for taxpayers in India to

Finance

Apr 11, 2023

‘Look at what’s going on in India,’ Nirmala Sitharaman advises foreign investors-thumnail

‘Look at what’s going on in India,’ Nirmala Sitharaman advises foreign investors

Finance Minister Nirmala Sitharaman was addressing the Peterson Institute for International Economics (PIIE) during a fireside conversation about the Indian economy’s growth.  Finance Minister Nirmala Sitharaman has advised investors to

Finance

Apr 11, 2023

Temasek Acquires Additional Stake in Manipal Health Enterprises-thumnail

Temasek Acquires Additional Stake in Manipal Health Enterprises

Singapore-based sovereign wealth fund Temasek announced on Monday that it will acquire an additional 41% stake in India’s Manipal Health Enterprises from investors including private equity firm TPG and the

Business

Apr 10, 2023

Indiabulls brings in Oaktree to purchase its loans-thumnail

Indiabulls brings in Oaktree to purchase its loans

Mumbai: Indiabulls Housing Finance will strike a ₹5,000 crore deal with global investor Oaktree Capital to acquire a portion of loans provided by the non-banking finance company to sustain several

Finance

Apr 10, 2023

Some consumers unintentionally received payments of up to Rs 88,000 via Google Pay-thumnail

Some consumers unintentionally received payments of up to Rs 88,000 via Google Pay

Google’s decision to distribute these erroneous credits is unknown as some consumers unintentionally received payments of up to Rs 88,000 via Google Pay. It’s also unclear whether this problem only

Finance

Apr 10, 2023

World food prices decline for the 12th consecutive month running in March-thumnail

World food prices decline for the 12th consecutive month running in March

The price index for the world’s most important food commodities averaged 126.9 last month, compared to 129.7 points in February, the Food and Agriculture Organization (FAO) said on Friday. Lowest

Finance

Apr 7, 2023

IMF Head: India and China to Contribute 50% of Global Economic Growth in 2023-thumnail

IMF Head: India and China to Contribute 50% of Global Economic Growth in 2023

The executive director of the International Monetary Fund (IMF), Kristalina Georgieva, has issued a warning regarding the long-drawn-out deceleration of the global economy, which has been brought about by the

Finance

Apr 7, 2023

Realty, auto firms expect demand to remain intact after RBI holds rate-thumnail

Realty, auto firms expect demand to remain intact after RBI holds rate

The Reserve Bank of India (RBI) announced on Thursday that it is holding its key repo rate steady, prompting CEOs from various industries to express their optimism about the business

Business

Apr 6, 2023

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%-thumnail

Paytm is leading offline payments with 6.8 million devices and has grown GMV by 40%

Paytm, a leading provider of financial services and payments, announced on Wednesday that it has reached a new milestone in offline payments with the deployment of 6.8 million devices. Consumer

Business

Apr 5, 2023

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment-thumnail

A J&J company declares bankruptcy for a second time to pursue an $8.9 billion talc payment

The accord comes in response to a court decision in January dismissing J&J’s contentious “Texas two-step” bankruptcy strategy. J&J company declares bankruptcy, in which the company attempted to transfer the

Business

Apr 5, 2023

Iron Pillar raises $129 million to invest in cloud startups in India-thumnail

Iron Pillar raises $129 million to invest in cloud startups in India

A venture growth investor named Iron Pillar has completed the successful closing of a $129 million Series B and C stage fund aimed at funding Indian-based global cloud software startups.

Finance

Apr 5, 2023

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”-thumnail

“India Implements Measures to Manage the Taxation on Crude Oil and Its Byproducts”

The Indian government has been implementing various measures to manage the taxation on crude oil and its byproducts like petrol, diesel, and aviation turbine fuel (ATF). The tax rates are

Business

Apr 4, 2023


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