Infosys receives GST notice on tax evasion of Rs 32,403 crore August 01, 2024 14:36
The GST authorities have levied an assessment of Rs 32,403 crore on services received by Infosys from overseas subsidiaries for five years from 2017. In a filing to the stock exchanges, Infosys termed the notification…
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RBI says India holds nearly Half of the Global Digital Payments July 30, 2024 12:52
The Reserve Bank of India's report, released on Monday, revealed that India dominates the global real-time payments arena with a sizable 48.5 percent share. Additionally, India received USD 115.3 billion in remittances in 2023, leading…
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Markets Sour as Budget Raises Tax on Capital Gains July 23, 2024 14:53
The Indian stock market saw a steep decline after the Finance Minister announced higher capital gains taxes in the Union Budget 2024. Ms. Sitharaman revealed that the Long-Term Capital Gains tax would rise from 10%…
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Xiaomi India profit drops by 77 percent in FY23 July 15, 2024 14:29
The Chinese smartphone manufacturer Xiaomi suffered a significant decline in its profit in India, plummeting by 77% to Rs 238.63 crore in the fiscal year 2, compared to the previous year's Rs 1,057.7 crore. According…
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Bengaluru witnesses a decline in Apartment Rents July 11, 2024 14:37
In the last couple of years, Bengaluru's tech professionals have been on a rental frenzy, but now they're migrating from the IT hubs to the city's outskirts, where housing costs are more manageable. Brokers report…
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Banks to remain closed for 12 days in July 2024 July 01, 2024 16:44
According to the Holiday Calendar 2024 released by the Reserve Bank of India (RBI), banks across India will observe 12 public holidays in July. The Central Bank determines the full list of public holidays for…
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Gautam Adani's sensational comments on Hindenburg incident June 24, 2024 15:21
Addressing the shareholders at the Adani Group's Annual General Meeting in 2024, Gautam Adani acknowledged the challenges posed by a foreign short-seller's scathing report on the conglomerate. He emphasized that the group's unwavering commitment, trust…
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Are there any tax changes for Goods and Services? June 22, 2024 19:26
The 53rd meeting of the Goods and Services Tax (GST) Board chaired by Finance Minister Nirmala Sitharaman will be held in New Delhi on Saturday. This conference will discuss several important issues affecting various sectors.…
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Are you planning to invest in the Goa Home Market? June 22, 2024 12:34
Goa has emerged as the preferred destination for second home buyers due to its high rental yield of 5-8%. Real estate advisory firm Savills India said in a report that it is witnessing a strong…
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Tata Altroz Racer Likely to Get 7-speed Dual-clutch June 15, 2024 20:03
After successfully launching the Altroz Racer in the Indian market with 6-speed manual transmission as standard, Tata may also launch a hatchback model with 7-speed DCT transmission. The company has not revealed any official details…
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Real Estate Growth: Mumbai and Delhi in top five of the World June 15, 2024 14:41
The recent report by Knight Frank, a renowned global property consultancy firm, has revealed a noteworthy surge in luxury home prices in Mumbai and Delhi, propelling these cities to the top five positions worldwide in…
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RBI Keeps Interest Rates Unchanged June 08, 2024 16:47
The Reserve Bank of India (RBI) left key interest rates unchanged on Friday and remained focused on inflation amid strong economic growth, which is likely to give the new Modi government more leeway to manage…
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