CATEGORIES

HC quashes DGGI's ₹21k cr tax demand from Gameskraft

Lawyers and gaming industry executives welcomed the verdict, stating that the ruling will serve as a precedent for online gaming startups across India and also as a reference point for the GST Council meeting next month.

Adani eyes $2.5 bn in pvt placements

Gour companies to jointly raise amount that flagship targeted in Jan FPO

Exit Polls Give Edge To Cong In High-Stakes Karnataka Battle

Seven out of eight prominent exit polls predicted that the Congress will finish ahead of the incumbent BJP

Eurovision Song Contest in the UK, for Ukraine

Britain is hosting the annual event on behalf of the war-battered country

A revised Washington Consensus is beginning to attain coherence

The US administration is trying to reconcile its retreat from market ideals with a need to secure the global economy’s future.

Reality lags rhetoric on women's representation

Once again, the Karnataka elections saw too few women candidates. We need to bridge a glaring gender gap across the country for representative democracy to fulfil its promise.

More millennials are eager to test the markets via MFs, show data

A CAMS study showed that 95% of new millennials chose advisers or distributors for their MF investments.

MEET INDIA'S LARGEST WAREHOUSING LANDLORD

A huge land bank and an ability to raise capital has helped IndoSpace stay ahead of the pack. IndoSpace is India’s largest warehousing developer. It has 50 grade ‘A’ parks, spread across 57 million sq. ft. The warehouses are leased to third-party logistics, e-commerce, auto, and other industrial firms

Donald Trump found liable for sexual abuse

Must pay $5 mn in damages to writer E. Jean Carroll for assault, defamation

Biden to host state visit for PM Modi

US President Joe Biden will host Prime Minister Narendra Modi for an official state visit to the country, which will include a state dinner, on 22 June, the White House announced on Wednesday.

Uno Minda sues JV partner in S'pore arbitration court

Westport’s alternate fuel systems (AFS) joint venture with the Indian company, Minda Westport Technologies, impacts about 2.5% of Uno Minda’s net profit or loss.

JSW Infra files for IPO to raise ₹2,800 crore

The company will use the capital to fund capacity expansion projects

'Quantum computers need to work alongside classical ones'

The government has allocated ₹6,000 crore for the development of quantum computers

Adani revives fundraising plan after aborted FPO in February

The fundraising comes amid the fallout from US-based short seller Hindenburg Research alleging accounting fraud and stock manipulation against the group. Adani Group has denied the allegations, which were made in a report on 24 January, three days before the FPO opening.

Britannia's investors need a volume treat

Overall, the company expects gross margin to hover around FY23 levels of about 41% in the coming quarters. Ebitda margin is likely to taper from the highs seen in Q4 and moderate to full-year FY23’s margin of about 17.5%.

Govt expands PMLA reporting entity list

Experts have said that the modifications signal the authorities' zero-tolerance stance on issues of money laundering.

India, Canada may ink mini-trade deal

India is looking for duty-free access for its textile products along with easier norms for professionals

'No milk price relief till Diwali'

The livestock sector contributes around ₹14 trillion to the Indian economy, and dairy comprises around ₹9.5 trillion of this, Rupinder Singh Sodhi said

Investors allege Muthoot mis-sold them Srei bonds

About 49 people, several of them retirees who have transacted with Muthoot for a decade, have come forward so far, some of them approaching local police

'Vodafone Idea is expected to unveil revival plan in a month'

The telecom department is preparing for the next spectrum auction in the second half of FY24, which may include the unsold spectrum from previous auctions and new bands, said K. Rajaraman

Majority Indian owners, EVS, IPO ahead for MG

The company is expecting a major investment from an Indian partner this year, Rajeev Chaba, CEO emeritus, MG Motor India, said at a round table to discuss the company’s plans

Baton passes at L&T as Naik makes way for Subrahmanyan

Subrahmanyan, known as SNS, rose through the ranks after joining L&T’s engineering construction and contracts (ECC) division in 1984 as an engineer

NCLT admits Go First bankruptcy petition

The airline plans to resume some of its flights from 24 May

Banks Knock RBI Door With Plan To Curb Online Frauds

A threshold for transactions in new accounts, a Central ‘negative registry’ of the accounts of known fraudsters and a standard operating procedure to stop the downstream flow of funds once a fraud is reported—these are some of the measures suggested by Indian banks to stop online frauds, which are on the rise, according to data from the Reserve Bank of India.

UBS rejigs top deck to steer CS buyout

UBS Group AG appointed Ulrich Koerner to its top management body, giving the chief executive officer of Credit Suisse Group AG a key role in overseeing the complex combination of the two firms.

Al extends pilot contract deadline

Air India has given more time to pilots to accept the revised compensation structure, which has been opposed by two pilot unions, according to a person aware of the matter.

Live streaming touches hearts: SC

The Supreme Court said live streaming of its proceedings has taken the court to the sit homes and hearts of common citizens and it is trying to use technology to ensure the livestreamed content is made available simultaneously in languages other than English so more people can follow.

DU to send notice to Rahul Gandhi

The Delhi University will issue a notice to Rahul Gandhi cautioning him against making any \"unauthorized\" visit to the campus in future, a senior official said on Tuesday, days after the Congress leader met students at a hostel.

OTT apps roll out ad-backed models to keep prices low

With video streaming platforms realizing that subscription alone may not be sufficient for sustained business growth, they are increasingly adopting ad-supported models to cater to the price-sensitive Indian audience, said experts.

Tata Motors weighs dividend after Dec quarter turnaround

Board to meet on 12 May to consider the first dividend from the company since 2016