Light
Dark
Indian e-commerce giant Amazon India has taken the Enforcement Directorate to the Delhi High Court over an inquiry conducted by the latter regarding the Future Group deal of 2019. With their petition Amazon is seeking a relief from the probe by the ED which they allege is going beyond the scope and power of the […]
After recovering 1100 points in the last two days, the market gained 385 points on Thursday. The BSE closed at 57,315.28 up 0.68 percent and NSE closed at 17,072.60 up 117.15 points. Medplus Health Services Ltd had a stellar listing, the stock closed 40.81 percent up from its listed price of Rs 796 to Rs […]
The Government has empowered GST officials to recover Goods and Services tax without issuing a notice. This power has been given to the GST officials through a gazette notification and the provisions will come into effect from January 1,2021. According to the new amendments, if invoice details and outward supply liability don’t match, GST officials need not […]
There is a global fear about the spread of new Covid variant Omicron and many industries are affected by it but that’s not the case with the diamond industry, as the exports from India rose by 21%. Recently, Gems and Jewellery Export Promotion Council (GJEPC) released Import-Export Data which highlighted how despite the jitters in […]
In a recovery mode, after gaining 500 points on Tuesday, the Market gained 600 points today and maintained the positive momentum. The market closed at 56,930 up 1.09 percent or 611.55 points. The Nifty closed at 16,955 up 1.1 percent or 184.60 points. Top Gainers were: No Top Gainers Gain( in %) 1 Share India […]
Guess how many samosas Indians order? Well, hold your breath: They order 50 lakh of them or equivalent to the combined population of Dubai, Maldives and Hawaii! Want more? Well, Indians order 2 biryanis every second. This is not all. Swiggy’s latest StatEATstics 2021 also reveals that Pavbhaji and Gulab Jamun are the second most-ordered […]
The Government-owned Bharat Sanchar Nigam Limited on Monday launched a Broadband plan with a validity of 425 days. At present, there is no company offering a plan of more than 365 days. This broadband plan comes at Rs 2500. This is one of the many plans launched by the company. There are many others that […]
After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the market witnessed 2281 […]
The BSE Sensex closed solidly 2.09% lower on Monday and recorded the worst decline of the month so far, as investors felt the jitters of the spread of corona variant omicron. Market closed 1189.73 point down at 55822.01 with intra-day high of 56,538 and low of 22,132. The Nifty 50 closed 371 points at 16,614. […]
Maharashtra has reported the highest number of complaints against e-commerce companies followed by Uttar Pradesh and Delhi. The Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey informed Rajya Sabha that a total of 5,12,919 complaints against e-commerce platforms has been registered in the National Consumer Helpline from April 2019 […]
The latest ICICI Securities report on the real estate sector for 2022 predicts a bright outlook for the residential and business verticals, but it has brought out that the Covid-19 spin-off of Work from Home (WFH) is likely to be a permanent feature. The recently released report says though not all employees in the corporate […]
Whether the Income Tax department did pan out a deliberate delay in summoning defaulters, or the evaders did manage a successful evasion for 10 years, remains to be seen. Late last weekend, a number of companies and individuals were served notices of IT raids dated 2018. Offenders were directed to file returns from a 6 […]
Ever since the BCCI (The Board of Control for Cricket in India) announced Rohit Sharm as the new ODI captain, Indian cricket is going haywire. Sharma will be succeeding Virat Kohli in this role who had originally stepped down only in T20Is. However, this announcement from the BCCI has received mixed reactions from the masses […]
Tax evasion knows two easy routes. First, generate false accounts attributed to companies that exist only on paper and show them as a loss-making unit. Second, take the flight out and stash away the earnings in foreign accounts. On Tuesday, Minister of State for Finance, Pankaj Chaudhary, submitted a written reply in Rajya Sabha stating […]
Billionaire tycoon Gautam Adani-owned Adani Enterprises, which picked the controlling stake in Ahmedabad, Lucknow and Mangaluru airports in November 2020, has paid Rs 1,103 crore to the Airports Authority of India (AAI) for the assets of the airports. Minister of State for Civil Aviation VK Singh informed the Rajya Sabha on Monday that the Rs […]
Rural customers are gradually increasing in the e-commerce market. And, with the rise in customers, their share in cash on delivery is rising too. Surprisingly, according to data, as many as 90% of customers from rural areas prefer cash on delivery. Tier-2 and Metro preferences Customers from tier-2 cities are also not far behind as […]
Environment change has become one of the most alarming and crucial issues across the globe and has served as an agenda of discussion amongst political parties. Aaditya Thackeray, Shiv Sena leader and Maharashtra environment minister on Monday stated that during the upcoming assembly session, the state government would be discussing the issue of climate change […]
Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry. Two Wheeler Sales- Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two […]
Knight Frank India has released ‘Outlook Report’ which highlights top trends for 2022. Report predicts capital value growth of 5% in residential sector and upswing in office space and warehousing supported by higher demand by IT companies and e-commerce platforms. Note of caution- The report highlights the fact that the recovery we have seen so […]
The government will introduce a bill in Parliament which will regulate cryptocurrencies in India. Before that, Former Reserve Bank of India Governor Duvvuri Subbarao has said the Reserve Bank of India could lose control over the money supply and inflation management if cryptocurrency is allowed in the country. D. Subbarao who has served as the RBI […]
