Infy GST notices: Relief in sight, 2 options on table
Business Standard|September 25, 2024
Finance ministry may declare notices null and void or reduce tax liability
HARSH KUMAR
Infy GST notices: Relief in sight, 2 options on table

The Ministry of Finance is considering granting relief to IT major Infosys regarding goods and services tax (GST) demand notices for around ₹30,000 crore by amending a circular issued on June 26, according to a senior official.

“The government may make the necessary amendments to the Circular 210 (which served as the basis of the GST demand notices) to grant relief to Infosys - either by declaring the notices null and void or by reducing the tax liability,” the official stated.

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Infy GST notices: Relief in sight, 2 options on table
Business Standard

Infy GST notices: Relief in sight, 2 options on table

Finance ministry may declare notices null and void or reduce tax liability

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1 min  |
September 25, 2024
Byju's in default of $1.5 bn loan, affirms Delaware SC
Business Standard

Byju's in default of $1.5 bn loan, affirms Delaware SC

Allows US lenders to take control of firm's American assets, primarily Byju Alpha

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2 minutos  |
September 25, 2024
SWIGGY IPO GETS SEBI NOD, NOV LAUNCH LIKELY
Business Standard

SWIGGY IPO GETS SEBI NOD, NOV LAUNCH LIKELY

Food delivery major Swiggy has been given the go-ahead by the Securities and Exchange Board of India (Sebi) to launch its much-anticipated initial public offering (IPO), according to people in know.

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1 min  |
September 25, 2024
Business Standard

L&T bags ₹15K cr order for grid expansion in West Asia

Indian construction giant Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution arm has bagged \"mega\" orders valued between ₹10,000 to ₹15,000 crores to expand and strengthen electricity grids in Saudi Arabia and United Arab Emirates.

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1 min  |
September 25, 2024
‘Carrefour looking to export from India in next five years’
Business Standard

‘Carrefour looking to export from India in next five years’

Carrefour is planning to expand in India through a cluster format and also considering entry into quick commerce. In an exclusive interview with Sharleen D'Souza in Mumbai, PATRICK LASFARGUES, international partnership executive director, Carrefour, and NILESH VED, Chairman of the Apparel group, which is a franchise partner of the French major, speak about the retail chain's India plans. Edited excerpts:

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2 minutos  |
September 25, 2024
Shankh Air gets govt nod, set to be UP's first airline
Business Standard

Shankh Air gets govt nod, set to be UP's first airline

India's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry to operate in the country, according to news reports.

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1 min  |
September 25, 2024
Talent groomed globally coming to India, for India'
Business Standard

Talent groomed globally coming to India, for India'

HANS DEKKERS, general manager of IBM Asia-Pacific (APAC), took over the helm of the region in August this year. He believes that while the APAC region is vast, India presents the largest opportunity for the firm. In an interview with Shivani Shinde at the its flagship event, IBM Think, in Mumbai, he discusses opportunities, artificial intelligence (AI) and generative AI (GenAI) adoption, and regulatory impact. Edited excerpts:

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2 minutos  |
September 25, 2024
More urban shoppers opting for Qcom platforms: NIQ
Business Standard

More urban shoppers opting for Qcom platforms: NIQ

Quick commerce (Qcom) platforms are bringing upon a rapid change in the behaviours of online shoppers, with 31 per cent of buyers relying on the fast delivery option for grocery needs, according to a new study.

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1 min  |
September 25, 2024
Feature phone companies may red flag DoT mandate
Business Standard

Feature phone companies may red flag DoT mandate

Mobile device makers are set to raise concerns about a Department of Telecommunications (DoT) notification issued on September 17, mandating that all feature phones sold in the country support the 'auto readout' of emergency messages in Hindi, English, and four additional languages initially.

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1 min  |
September 25, 2024
Business Standard

Samsung: Workers paid 1.8x of average industry salary in Sriperumbudur

As the strike by Samsung Electronics employees in Sriperumbudur on the outskirts of Chennai entered its 16th day, the company on Tuesday claimed that it is paying 1.8 times of the average salary that manufacturing workers in the region are getting.

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1 min  |
September 25, 2024