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GST Evasion: The Government Expects A 50,000 Crore Recoupment After Many Notifications Are Issued-thumnail

GST Evasion: The Government Expects A 50,000 Crore Recoupment After Many Notifications Are Issued

In FY24, GST officials have discovered evasions totaling 1.36 lakh crore, of which 14.108 crore has already been collected. An evasion of 1.01 trillion was discovered in FY23, resulting in

Business

Oct 25, 2023

Vedanta Shares are Up 2% After The Firm Named Ajay Goel as CFO-thumnail

Vedanta Shares are Up 2% After The Firm Named Ajay Goel as CFO

The company’s entire output for Q2FY24 was 66 kt, down 10% YoY and 3% QoQ, owing mostly to decreased tonnes processed. Vedanta, India’s largest diversified natural resources business, rose 2%

Business

Oct 25, 2023

Zara Owner Inditex Invests in Polyester Recycling Start-up in the U.S.-thumnail

Zara Owner Inditex Invests in Polyester Recycling Start-up in the U.S.

According to a document seen by Reuters, the largest apparel retailer in the world, Inditex, the parent company of Zara, has decided to invest in and purchase recycled polyester from

Business

Oct 25, 2023

Footwear brand Inc.5 Shoes Receives Series A Funding From Carpediem Capital-thumnail

Footwear brand Inc.5 Shoes Receives Series A Funding From Carpediem Capital

The Mumbai-based venture firm Carpediem Capital led a $10 million (about Rs 83 crore) venture fundraising round for the historic footwear business Inc.5 Shoes, which also included participation from Param

Business

Oct 25, 2023

Exponent Aims To Raise $25 Million At a Valuation Of $100-120 Million-thumnail

Exponent Aims To Raise $25 Million At a Valuation Of $100-120 Million

Exponent Energy, a firm that provides electric vehicle (EV) rapid charging, is expected to finish its first funding round in over a year soon, raising $25 million at a valuation

Business

Oct 25, 2023

Tesla Is Going to Exceed Its $9 Billion Expenditure Goal This Year As It Introduces New Cars-thumnail

Tesla Is Going to Exceed Its $9 Billion Expenditure Goal This Year As It Introduces New Cars

Tesla said on Monday that its capital investment for 2023 will surpass the $7 billion to $9 billion goal it set earlier this year, as the electric car maker speeds

Brands

Oct 23, 2023

PTC’s Wind Power Plant Will Be Purchased By ONGC For Rs 925 Crore-thumnail

PTC’s Wind Power Plant Will Be Purchased By ONGC For Rs 925 Crore

Oil and Natural Gas Corporation (ONGC) has won a bid to buy PTC India Ltd’s wind power unit for Rs 925 crore, as the state-owned company seeks to diversify its

Business

Oct 23, 2023

The Government Introduces Quality Standards For Copper Products, Drums, And Tin Containers-thumnail

The Government Introduces Quality Standards For Copper Products, Drums, And Tin Containers

In an effort to decrease the import of subpar items and support homegrown manufacturing, the centre on Monday announced mandatory quality standards for drums, tin containers, and copper products. According

Business

Oct 23, 2023

CFO of Vedanta Likely to Resign Months After Joining Firm: Report-thumnail

CFO of Vedanta Likely to Resign Months After Joining Firm: Report

According to persons familiar with the situation, Vedanta Ltd. may lose its third chief financial officer in as many years as the mining company under the ownership of billionaire Anil

Business

Oct 23, 2023

India’s Toyota Lobbies to Cut Hybrid-car Taxes by as Much as 21%-thumnail

India’s Toyota Lobbies to Cut Hybrid-car Taxes by as Much as 21%

According to a company letter, Toyota Motor of Japan is lobbying with the Indian government to reduce taxes on hybrid automobiles by up to 50%, claiming that they are significantly

Automotive

Oct 23, 2023

Kotak Mahindra Bank Appoints Ashok Vaswani as Managing Director and CEO-thumnail

Kotak Mahindra Bank Appoints Ashok Vaswani as Managing Director and CEO

In a significant development, Kotak Mahindra Bank announced on a Saturday that the Reserve Bank of India (RBI) has given its approval for the appointment of Ashok Vaswani as the

Brands

Oct 21, 2023

Bharat Tex 2024, the World’s Biggest Textile Event, will be Held in India-thumnail

Bharat Tex 2024, the World’s Biggest Textile Event, will be Held in India

The Indian textile sector, in partnership with industry associations, is planning to stage “Bharat Tex 2024,” billed as the world’s biggest textiles show. This massive exhibition is set to take

Business

Oct 21, 2023


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