The Goods and Service Tax Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on licence fees and spectrum usage charges demanded by the Department of Telecom, a regulatory filing said on Thursday. The matter pertains to the demand for Goods and Service Tax (GST) of Rs 604.66 crore by the GST Department under the reverse charge mechanism on license fee (LF) and spectrum usage charges (SUC) basis the demand note issued by the Department of Telecommunications. The company had filed an appeal against the order. Читать дальше...
ICICI Lombard General Insurance on Thursday said it is focusing on product innovation to increase its retail share in the health insurance segment. The private insurer reported a retail health insurance market share of 2.9 per cent, while its group insurance share stood at 11.4 per cent. "We are working on increasing our retail share, and in this endeavour, we are constantly innovating our products. Our new offering, the Elevate Health policy, which includes several industry-first features and uses AI for product advice... Читать дальше...
Be mindful of risks and avoid overly aggressive fund strategies at the start of your investment journey
Mumbai (Maharashtra) [India], August 22: In a significant development for the Indian textile industry, the Tripura government has awarded a substantial Rs3,000 crore contract to Manomay Tex India, marking a major milestone in the company's growth trajectory. This contract comes as part of a strategic joint venture with Vardhman Textiles, one of the leading players in the sector, aimed at expanding business operations and strengthening India's textile industry.
At least 14 hydroelectric projects in Himachal Pradesh have suffered damage due to flash floods since July 25, with some being affected multiple times over the past 10 years, according to a new analysis. As damage to hydroelectric projects from flash floods and cloudbursts becomes a recurring issue -- impacting both communities and power generation -- experts are calling for disaster risk analyses to be conducted before such projects are undertaken. They also recommend the preparation of robust disaster management plans... Читать дальше...
The Assam government on Thursday said over 47,900 foreigners have been detected in the state from 1971 to 2014, out of which more than 43 per cent are Hindus. In a written reply to a query by AGP MLA Ponakan Baruah, Chief Minister Himanta Biswa Sarma said the Foreigners Tribunal (FT) has declared 47,928 people as foreigners between 1971 and 2014. Out of them, 27,309 were Muslims, 20,613 Hindus and six belonged to other religions, he said. The CM said the highest number of foreigners was detected in Cachar. Читать дальше...
The new provision could enable investments in rupees in select nations of "strategic interest" to India, said the official with direct knowledge of the plans
The first supplementary budget of Rs 5,013.05 crore for the ongoing fiscal was tabled on Thursday in the Uttarakhand Assembly here, making substantial provisions for public welfare projects. "Our government is dedicated to public welfare. In the main annual budget, we brought several important projects. In this supplementary budget also, we have made significant provisions for public welfare projects, state finance minister Premchand Aggrawal said while presenting it in the house on the second day of its ongoing monsoon session. Читать дальше...
The steady progress in the southwest monsoon has supported summer sown crops, finance ministry said in its monthly economic report
Private equity major ChrysCapital on Thursday exited Eris Lifesciences by selling its entire 7.27 per cent stake in the company for Rs 1,187 crore via open market transaction, while Infinity Partners picked up shares of the firm. Eris Lifesciences Ltd is a listed Indian pharmaceutical company and a leading player in the domestic branded formulations market. According to the block deal data available on the National Stock Exchange (NSE), ChrysCapital through its affiliate Emerald Investment Ltd sold 98,86,882 shares... Читать дальше...
Index funds add 1 million folios in July, 14% of total additions
BJP members of the committee appreciated the proposed amendments, particularly the one that seeks to give representation to Muslim women in Waqf boards
The court ruled that the arbitration will be under the Delhi International Arbitration Centre (DIAC)
Exempts these card issuers from issuing a pre-debit notification
India and the US have discussed and explored the possibility of technical exchanges on efforts to upgrade grid transmission to handle future load growth during a ministerial-level deliberations. Discussions also covered policy consultations and potential financial support to advance these modernization efforts, a power ministry statement said. In a bid to enhance bilateral cooperation in the energy sector, Union Minister for Power Manohar Lal, accompanied by Minister of State for Power and New &... Читать дальше...
The "TacSim" product line is renowned for its Force on Force Training Systems, designed to evaluate and enhance the operational capabilities of the defense forces. This latest patent ispart of a suite of five patents related to the "TacSim " range, which includes a Laser Unit, Indoor Tracking Unit, HE36 Grenade Simulator, Weapon Range Estimation System, and now, the Trigger Sensing System.
Move part of portfolio management, induct long-term investors
Chouhan said that several Didis will have their certificates delivered to their place of residence
16 green parks to be incorporated across the 12 major Indian ports as part of the green parks transition initiative
India and Poland on Thursday upgraded their ties to the level of a "strategic partnership" and inked a social security pact to promote the mobility of skilled workers following wide-ranging talks between Prime Minister Narendra Modi and his Polish counterpart Donald Tusk. In the meeting, both sides vowed to significantly expand the bilateral defence and security ties with Tusk expressing Warsaw's eagerness to be a key partner in New Delhi's aim to boost domestic defence production and modernise its armed forces. Читать дальше...
July sets record for SME listings, raising over Rs 1,000 crore
Zomato had launched its intercity food delivery service in August 2022 to offer consumers delicacies from across ten cities in India from the comfort of their homes
Deputy governor Michael Patra also warned about the spillover effects of food inflation
Since banking and financial services is a large listed space, it has 55 passively and actively managed funds. The most recent addition is Bandhan Nifty Bank Index Fund
Asks fitment panel to submit report on potential impact of rate changes on mass-consumption items to Council at its Sept 9 meet
