Infosys gets relief: Karnataka withdraws GST notice, focus shifts to DGGI

A day after disclosing the receipt of Goods and Services Tax (GST) notices from state and central authorities, Infosys announced on Thursday that the Karnataka state GST authority has withdrawn its notice. The company must now respond to the Directorate General of GST Intelligence (DGGI) regarding the issue.

IRDAI fines HDFC Life Rs 2 crore for regulatory lapses

The Insurance Regulatory and Development Authority of India (IRDAI) has levied a substantial penalty of Rs 2 crore on HDFC Life for violating various regulatory provisions.

From Pune Chaiwala to tea tycoon: Navnath Yewale drew inspiration from Modi and McDonald's

Navnath Yewale's desk is adorned with a gold jaguar and a statue of Shivaji, symbols of his rise from a humble chaiwala to a tea tycoon. His shelves brim with awards for his business acumen and philanthropy.

ED'S FIRST LADAKH RAID TARGETS CRYPTO FRAUDSTERS, RS 7 CRORE SIPHONED OFF

Mir and Choudhary's cryptocurrency syndicate, \"Emollient Coin Limited,\" defrauded investors of Rs 7.36 crore by promising high returns and using a multi-level referral scheme.

Woman and child drown in Ghazipur, 12-yr-old electrocuted in Bindapur

A woman and her three year-old son drowned in a waterlogged drain in the Ghazipur area of East Delhi, while a 12-year-old boy died of electrocution in the Bindapur area on Wednesday as heavy rains lashed parts of the national capital.

COACHING CENTRE DEATHS: COURT GRANTS BAIL TO ACCUSED SUV DRIVER

He was accused of driving recklessly, causing water to flood the basement

Over 2.1 lakh Indians renounced Indian citizenship in 2023: Govt

More than 2.16 lakh Indians renounced their citizenship in 2023, the government informed the Rajya Sabha on Thursday.

INCENTIVES TO INTEL INFORMERS INCREASED

The ministry of Home Affairs has increased the amount of money that the director generals of paramilitary forces and other intelligence agencies can offer to informers and interpreters in operational areas.

INDIA, VIETNAMPLEDGETOSTRENGTHEN STRATEGIC PARTNERSHIP

Pham Minh Chinh highlighted the transformative impact of technology on global operations and commended India’s crucial role in combating COVID-19, while calling for international solidarity to address severe security challenges in the Asia Indo-Pacific region

Government to expand price monitoring to 16 more commodities from August 1

Government Expands Price Monitoring to 38 Commodities On August 1, 2024, the Indian government announced a significant expansion in its price monitoring efforts, adding 16 new commodities to the existing list.

Credit growth slows, gold loans boom, credit card debt mounts

As of June 30, 2024, India’s overall non-food credit growth experienced a decline, falling to 13.9% with a total of Rs 163.46 lakh crore, down from 16.3% a year earlier.

SOUTH INDIANS EMBRACE GOLD, STOCKS AMID FD DECLINE

The survey reveals a shift in South Indian investment preferences from traditional gold to stock market investments, driven by increased financial literacy and higher disposable incomes

Ransomware cripples hundreds of Indian banks

The National Payments Corporation of India (NPCI) reported on Wednesday that C-Edge Technologies Ltd, a technology service provider primarily serving cooperative banks and regional rural banks (RRBs), has likely been affected by a ransomware attack.

INFOSYS DISPUTES RS 32,403 CRORE GST DEMAND

Infosys argues that GST should not apply to overseas branch expenses, citing a recent regulatory circular, and asserts compliance with all GST regulations, including settling dues

Adani Enterprises to demerge food FMCG unit, posts strong Q1 profit

The board of directors of Adani Enterprises has approved the demerger of its food FMCG business to Adani Wilmar Limited, alongside a strategic investment in Adani Commodities LLP.

ITIs get budget boost: Centre, States must join forces for job creation

In her July 23 speech, Finance Minister Nirmala Sitharaman prioritized “employment and skilling” second only to agriculture in the Union Budget, marking a significant shift by focusing on upgrading Industrial Training Institutes (ITIs) and job creation schemes.

How the budget turned a Modi supporter into a critic battling 'BJP Trolls'

In February, D. Muthukrishnan, a certified financial planner (CFL) and staunch supporter of Prime Minister Narendra Modi and the BJP, posted on ‘X’ about his political aspirations.

RBI seeks to replace SMS OTP with newer authentication methods

The Reserve Bank of India (RBI) has unveiled a draft framework introducing alternative authentication mechanisms to complement the existing SMS-based One-Time Password (OTP) system for digital payment transactions.

INDIAN MAP MARKET HEATS UP AS GOOGLE TAKES ON LOCAL CHALLENGERS

The digital maps market in India is witnessing a fierce competition among Google Maps, MapMyIndia, and Ola Maps, each trying to outmanoeuvre the others to gain control of the lucrative digital mapping and navigation market in the country

Adani energy secures $1 billion through QIP

Adani Energy Solutions, the power transmission arm of the Adani Group, has successfully raised $1 billion (over Rs 8,300 crore) through a qualified institutional placement (QIP) issue.

COACHING CENTRE DEATHS: HC PULLS UP AUTHORITIES, SLAMS FREEBIES CULTURE

HC directed the authorities to remove all encroachments on drains in the Rajinder Nagar area by Friday.

Govt to bring law to regulate coaching centres: Atishi

The Delhi government will bring a law to regulate coaching centres in the national capital, cabinet minister Atishi said on Wednesday, days after three IAS aspirants drowned in the flooded basement of an institute in Old Rajinder Nagar.

PMLA CASE: SC GRANTS BAIL TO MONEY LAUNDERING ACCUSED CONSIDERING AGE AND CUSTODY PERIOD

The Supreme Court in the case Ramkripal Meena Versus Directorate of Enforcement observed and has granted bail to Ramkripal Meena, who is being accused of leaking and distributing question papers of the Rajasthan Eligibility Examination for Teachers, 2021, REET for a payment for an amount of Rs.1.20 crores.

New Rajasthan BJP Chief Rathore meets Home Minister Amit Shah

The BFP recently announced new state chiefs for Bibar and Rajasthan, along with new state in-charges and co-in-charges.

KERALA GOVERNOR CALLS LOSS OF LIVES IN WAYANAD LANDSLIDES A 'COLOSSAL TRAGEDY'

Raj Bhavan said, “Governor Arif Mohammed Khan, appealed to the people all over the country to help the landslide hit people of Wayanad”.

INDIA'S YOUTH BULGE: A TICKING TIME BOMB

India’s demographic dividend, once a symbol of hope, is now marred by tragic losses and systemic failures, as recent incidents of student deaths reveal the severe neglect and peril faced by aspiring youth

VIETJET EXPANDS NETWORK WITH AHMEDABAD-DA NANG ROUTE

Vietjet Air is set to enhance tourism between Vietnam and India with new Ahmedabad-Da Nang flights and aims to increase passenger traffic to over 1.5 million this year

ADANI POWER SALES SURGE 38%

Adani Power’s financial surge, marked by a 30% revenue increase and a 53% boost in EBITDA, reflects its strategic investments in three major Ultrasupercritical projects to capitalize on rising thermal power demand

Trade Minister criticizes pvt. sector, calls for better cooperation on FTAs

Union Minister of Commerce and Industry, Piyush Goyal, has criticized the private sector for prioritizing self-interests over cooperation with the government.

GDP metric hinders crisis response, experts warn

In her 2024 Union Budget speech, Finance Minister Nirmala Sitharaman stated, “From 2026-27 onwards, our endeavour will be to keep the fiscal deficit each year such that the Central Government debt will be on a declining path as a percentage of GDP.”