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With less than three months to go before the nationwide ban on single-use plastic straws comes into effect, beverage makers are scrambling to come up with alternatives. The plastic straw pierced into Tetra Pak cartons has become one of the most common modes of consuming cold beverages in India and the ban will majorly impact […]
Indian billionaire Gautam Adani’s ports-to-power conglomerate looks to expand, Abu Dhabi-based International Holding Company PJSC has invested almost $2 billion in three of his companies. According to Indian media reports, Adani Enterprises Ltd, the group’s flagship company, will issue preferential shares to IHC for Rs 7,700 crore ($1.02 billion) and Adani Green Energy Ltd. and […]
The Highcourt has criticised the coercive methods used by the state tax officials and said that the recovery targets for revenue collection should not be at the expense of foreclosing the remedies which are available to assessees for challenging the correctness of a demand. The bench of Justice J B Pardiwala and Justice Nisha Thakore […]
On April 7, the Tata Group will unveil its much-anticipated super app, named ‘Neu.’ On its app as well as the Google Play Store, the company announced the inaugural date of ‘Neu,’ stating that “start your new journey with us on April 7.” With the announcement of the super app’s launch date, Tata Group hopes […]
On Tuesday, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch appeared before a Parliamentary panel to be questioned over the Sahara case, the NSE controversy, share offers of Paytm and Patanjali’s acquisition of Ruchi Soya. Former minister of state for finance Jayant Sinha chaired the meeting of the Parliamentary standing committee on […]
National Thermal Power Corporation Limited has signed a pact to blend natural gas (PNG) from Gujarat Gas Ltd with Green Hydrogen. A first-of-its-kind project in the country, the project ensures the decarbonisation of the cooking sector and the self-sufficiency of the country’s energy needs. “With the continued focus on a clean environment, NTPC has taken […]
Jio-bp and TVS Motor Company on Tuesday announced an agreement to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country. This partnership will be building on Jio-bp’s growing network in this space. Partnership agenda: customers of TVS electric vehicles are expected to get access to the […]
Demand for branded basmati rice, cooking oil, and poultry chicken fell by about 15% in March compared to the same month last year. This rise in prices attributes to high costs and inflationary pressure. As a result of Russia’s invasion of Ukraine, which began in the last week of February, global commodity prices have risen […]
The Competition Commission of India (CCI) has ordered an investigation against top food delivery platforms, Zomato and Swiggy. CCI ordered the probe over the illegal and unfair business practices regarding their dealings with restaurant partners. The Director-General of CCI will investigate the issue within 60 days. In July 2021, the National Restaurant Association of India […]
India’s biggest private sector bank and largest housing finance company on Monday announced a merger to create a banking giant. The respective boards of HDFC Bank and HDFC Ltd approved all stock amalgamation. This merger has resulted in a $ 40 billion deal. It will become one of the top three entities in terms of […]
Gujarat High Court granted relief to an individual whose property assets got seized by the Enforcement Directorate. The authorities suspected him of replacing old demonetized currency notes amounting to ₹36.17 crores. The Gujarat High Court asserted that the property confiscated by the authorities was bought by the man before he was booked under PLMA (Prevention […]
RBI and the Indian government have always been belligerent towards each other. However, this is the first time a senior government official has accused Rajan, the former governor of the Reserve Bank of India, of favoring developed nations by keeping interest rates low. The government has sought an investigation into the RBI’s true motivations for […]
On Monday, Adani Power’s stock hit the all-time-high of ₹220.8 on the bourses. It started at ₹207 on the National Stock Exchange (NSE) with the hope that increased demand leads to an increase in the company’s profit The sky-high shares touched a 52-week highest of ₹220.8 per share. At 2:43 PM, they were trading at […]
Gujarat metro rail corporation’s annual report, presented in the Gujarat Assembly on March 3, showed the income earned by the company in 2020-21 was ₹4.42 lakh. As compared to last year, the revenue generated this year was six times less. According to the report, just 130 passengers used the Ahmedabad metro in 2021-22, a significant […]
As the new financial year ushers in on April 1, all eyes are looking for the effects the budget provisions shall have on their personal or business finance. This year is no different. Checking the budget for 2022, let us try to point out the important rules which shall affect our lives in the financial […]
Gujarat Government has collected a whopping Rs. 86,780 crore in the year 2021-22 by way of GST and VAT. The amount collected is Rs. 20057 crore more than the collection of Rs. 66,723 crore made in the year 2020-21. It is the highest since the implementation of GST. Similarly, Rs.4530 crore collected in the month […]
The crypto market has seen a bullish trend as demand for cryptocurrencies has increased amid the geopolitical crisis. Bitcoin has managed to cross the $ 44,000 level again after 37 days. Ethereum has seen a sharp rise over the past week. Weekly, Ethereum rose 12.68 percent to $ 3146 at 5 p.m. Bitcoin traded up […]
On Friday, Reliance Group Chairman Anil Ambani resigned as director of Reliance Power and Reliance Infrastructure after SEBI (Securities and Exchange Board of India) restrained him from being associated with any listed company. In their BSE filing, Reliance Power said that “Anil D Ambani, non-executive director, steps down from the board of Reliance Power in […]
The Department of Revenue might ask the banks and crypto exchanges in reference to reporting the transactions that are made through virtual digital assets as the government is about to begin taxing gains through the cryptocurrencies and non-fungible tokens from the First of April. Once this is applied the sale and purchase that has been […]
Vedanta Ltd, owned by billionaire Anil Agarwal, is seeking a minimum price of USD 19 for natural gas produced from a field off Gujarat in order to cash in on the recent surge in global energy prices. As part of its tender document, Vedanta is seeking bids for the sale of 0.25 million standard cubic […]
