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Paytm, the flagship brand of One 97 Communications, has recently undertaken a significant measure to streamline its operations and reduce staff costs by 15 percent. The move resulted in the termination of more than 1,000 employees across various departments, including payments, lending, operations, and sales. This initiative, executed over the past few months, accounts for […]
Taxpayers rejoice! The Income Tax Department has released ITR forms 1 and 4, ahead of the usual March/April schedule, bringing early filing cheer to individuals and entities with an annual income up to ₹50 lakh. This applies to the assessment year (AY) 2024-25, covering income earned in the current fiscal year (April 2023-March 2024). This […]
In August 2023, the Goods and Services Tax Council was reported to have proposed a 28% tax rate to collect more revenue from India’s gambling industry. GST aimed to collect approximately 1 trillion rupees (around $12 billion) in tax if the newly proposed tax bill took effect. According to Reuters, the changes made to the Goods and Services Act would include a 28% tax rate on the total funds deposited to online gambling platforms. This led to some betting firms expressing their frustrations, with others laying off their employees. However, the country’s federal Finance Minister, […]
Former RBI governor Raghuram Rajan said that in the first half of the current fiscal year, the sharp increase in GDP is attributed to infrastructure spending and performance of large economies of the world. Rajan further said that even as India’s growth rate is strong, private investment and private consumption have not picked up. He […]
The India International Bullion Exchange (IIBX) at GIFT-IFSC marked a significant milestone on Wednesday as it commenced silver trading. Within just 30 minutes of the launch, the entire available quota of 3 metric tonnes was traded, demonstrating the robust demand in the market. The platform’s inauguration was presided over by Hasmukh Adhia, Chairman of Gift […]
Mumbai: In a bid to move closer to resolving its debt woes, Reliance Communications has received the green light from the National Company Law Tribunal (NCLT) Mumbai to sell several of its unencumbered real estate assets. This decision, announced on Wednesday, marks a significant step forward in the company’s restructuring efforts. The NCLT order grants […]
India’s economy continues to surge forward, and with it, the fortunes of its richest individuals. In 2023, Forbes’ India Rich List saw a record-breaking 169 Indians make it onto the global billionaires’ list, highlighting the country’s growing economic clout. Let’s delve into the top 10 wealthiest individuals in India, according to Forbes’ Real-Time Billionaires data […]
Multi-billionaire Gautam Adani announced that the Adani Group will invest ₹7 lakh crore over the next 10 years in multiple industries. Sharing the details on social media, Adani Group chairman Gautam Adani took to X highlighting in detail the new green initiative of his firm. Adani said on X, “By 2025, we will set a […]
Alternative Dispute Resolution (ADR) mechanism is a concept resorted to provide a substitute way to resolve disputes, when the conventional methods of judiciary reaches an impasse. A world famous and robust judicial system such as ours is one of the most established in entire world. Even then, our conventional system at times demonstrates it’s inefficiency […]
It was a historic milestone for Indian economy to reach when the Nifty index hit an all-time high of 21,006.10. Reflecting the robust health of Indian stock market with sustained interest from FII and more importantly increased interest from domestic retail investors, the Nifty Index crossed the 21000 benchmark for the first time. Nifty ended […]
India’s economy could rise to the third rank by 2030, S&P Global has projected. “India is set to become the third largest economy by 2030, and we expect it will be the fastest growing major economy in the next three years,” S&P Global was quoted as saying in its Global Credit Outlook 2024 report titled, […]
Shares of Adani Group companies, including the flagship Adani Enterprises, witnessed a strong rally in early trade on Tuesday. This was the company’s second day consecutive bull run after Monday’s positive sentiments that pushed its stocks. The spectacular rally in the listed companies of the Adani Group comes after the Bharatiya Janata Party’s decisive assembly […]
The US government has emphasised while concluding that short-seller Hindenburg Research’s allegations of corporate fraud against Adani Group were not relevant before extending self-made billionaire Gautam Adani’s conglomerate as much as $553 million for a container terminal in Sri Lanka, a senior US official said. The Sri Lankan port deal involving Adani is one of […]
The stunning results of Assembly elections favouring the BJP has resulted in the Indian stock market celebrating it by hitting a fresh all time high on Monday. The BJP’s success in elections today has driven the stock market to a new high and infused a new energy. The hatrick comment that prime minister Narendra Modi […]
Dubai, UAE: During his address at the COP28 climate summit in Dubai, Prime Minister Narendra Modi on Friday highlighted India’s achievements in striking a balance between ecology and economy. He also proposed to host the COP33 in India in 2028. India’s Commitment to Climate Action PM Modi stated that India, despite being home to 17% […]
NEW DELHI: Prime Minister Narendra Modi on Thursday distributed over 51,000 appointment letters to newly inducted recruits under the ‘Rozgar Mela’ scheme, marking a significant step towards fulfilling the government’s commitment to providing 10 lakh government jobs. Addressing the new recruits via video conferencing, Prime Minister Modi emphasized the importance of their role in nation-building […]
New Delhi: In a significant boost to the country’s defence preparedness, the Defence Acquisition Council (DAC) on Thursday accorded approval for a series of capital acquisition proposals worth Rs 2.23 lakh crore. The DAC, headed by Defence Minister Rajnath Singh, approved the procurement of 97 additional Tejas Light Combat Aircraft (LCA) and around 150 Prachand […]
A Look at How Exit Poll Agencies Performed. In 2018, exit polls were conducted for the assembly elections in Madhya Pradesh, Chhattisgarh, Mizoram, and Rajasthan. The results of these exit polls were mixed, with some agencies predicting accurate results and others not. Madhya Pradesh In Madhya Pradesh, exit polls predicted a tough fight between the Bharatiya […]
Mohun Bagan SG management has raised objections to playing this Thursday’s CFL Super Six derby against East Bengal in Naihati, citing congested fixtures and “ineffective scheduling by IFA.” The IFA insists the match is on schedule and East Bengal will get a walkover if Mohun Bagan doesn’t show up. Reasons for Mohun Bagan’s Objection Mohun […]
In a somber moment for the media fraternity of Assam, veteran journalist Anil Baruah, the former editor of Dainik Asom, breathed his last at the age of 84 on Tuesday. The news of his demise sent shockwaves through the journalistic community, marking the end of an era in Assamese journalism. Anil Baruah’s journey came to […]
