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Gujarat Fluorochemicals Limited (GFL) closed 4% lower on Friday after a chemical explosion at its factory in Panchamahal killed five workers and injured more than 15 on Thursday. This comes after the stock ended 9% lower yesterday. In two days the stock has lost around 13%. The company informed the market regulator about the fire […]
The latest ICICI Securities report on the real estate sector for 2022 predicts a bright outlook for the residential and business verticals, but it has brought out that the Covid-19 spin-off of Work from Home (WFH) is likely to be a permanent feature. The recently released report says though not all employees in the corporate […]
The Central Government has lowered the Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme. The procurement price of ethanol produced from sugarcane based feed stocks like heavy molasses, sugarcane juice, sugar, sugar syrup are fixed by the Government and from food grain […]
The NGO, Hazira Kantha Vistar Odhyogik Pradushan Niravaran Samithi (HKVOPNS) alleged that the Hazira plant of the company had not complied with the Environment Clearance (EC) conditions and made no mandatory disposal in line with the environment clearance conditions. It had also expanded the plant without due clearance. The NGO has voiced its concerns in a memorandum to […]
Whether the Income Tax department did pan out a deliberate delay in summoning defaulters, or the evaders did manage a successful evasion for 10 years, remains to be seen. Late last weekend, a number of companies and individuals were served notices of IT raids dated 2018. Offenders were directed to file returns from a 6 […]
Ever since the BCCI (The Board of Control for Cricket in India) announced Rohit Sharm as the new ODI captain, Indian cricket is going haywire. Sharma will be succeeding Virat Kohli in this role who had originally stepped down only in T20Is. However, this announcement from the BCCI has received mixed reactions from the masses […]
Tax evasion knows two easy routes. First, generate false accounts attributed to companies that exist only on paper and show them as a loss-making unit. Second, take the flight out and stash away the earnings in foreign accounts. On Tuesday, Minister of State for Finance, Pankaj Chaudhary, submitted a written reply in Rajya Sabha stating […]
In what seems like a massive boost to the Farming sector in Gujarat, the State Government signs MOUs worth Rs 2359 crore at a Pre-Vibrant Gujarat Summit which is going on at Anand Agriculture University. The focus of this summit is entering a new era of co-operation in agro and food processing. Looking at the […]
Gujarat reported one more case of Omicron infection from Surat on Monday, taking the total in the State to four. Official sources confirmed that a 42-year-old man from Surat who had travelled to South Africa and Abu Dhabi had tested positive for Covid-19 days after landing in the city on December 2. The man, who […]
Billionaire tycoon Gautam Adani-owned Adani Enterprises, which picked the controlling stake in Ahmedabad, Lucknow and Mangaluru airports in November 2020, has paid Rs 1,103 crore to the Airports Authority of India (AAI) for the assets of the airports. Minister of State for Civil Aviation VK Singh informed the Rajya Sabha on Monday that the Rs […]
Rural customers are gradually increasing in the e-commerce market. And, with the rise in customers, their share in cash on delivery is rising too. Surprisingly, according to data, as many as 90% of customers from rural areas prefer cash on delivery. Tier-2 and Metro preferences Customers from tier-2 cities are also not far behind as […]
A Thaltej based businessman Anand Chaudhary has filed a police complaint stating that he has been cheated of Rs 2.5 crore a sum which he invested for guaranteed profits. Chaudhary (43) registered his complaint at Sola police on Saturday, in his complaint he has stated that he had come in contact with Ratilal Jain, a […]
Environment change has become one of the most alarming and crucial issues across the globe and has served as an agenda of discussion amongst political parties. Aaditya Thackeray, Shiv Sena leader and Maharashtra environment minister on Monday stated that during the upcoming assembly session, the state government would be discussing the issue of climate change […]
To inspire youth for entrepreneurship and develop capacities of the entrepreneurial ecosystem, a week-long event, “Celebrating Innovation Ecosystem” is to be held in Jan 2022. Department for Promotion of Industry and Internal Trade (DPIIT) is hosting the event as a part of Azadi ka Amrit Mahotsav. Multiple pitching sessions will be organised for Startups across […]
The Ministry of Finance on Sunday announced some relaxations for GST taxpayers. According to official statement taxpayers with Annual Aggregate Turnover (AATO) upto ₹5 crore will not be required to file the reconciliation statement in Form GSTR-9C for FY 2020-21 onwards, the ministry said in a post on Twitter. For GST Taxpayers who are under […]
Central government is mounting a major bid to realize the nation’s goals of ‘Ease of doing Business’. A session is organised on the theme ‘Breaking Silos and enhancing synergies among Government Departments’. The session would focus on integration between Central Ministries/Departments and State Single Window Systems and Departments, issuing of combined certificate for CIN, PAN, TAN, […]
Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry. Two Wheeler Sales- Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two […]
Gujarat, known for its textile industry and polyester output from Surat, seems poised to adopt green practices in its drapes too. Since synthetic material is not biodegradable, this move comes in line with opting for environment-friendly choices. Vegan fibre and silk is Surat’s latest breakthrough. Nearly 80 percent of the fabrics available in the market […]
WhatsApp payment service in India was launched in November 2020, by June 2021 it was made available to all users in India. In the USA, looking at the higher number of people using crypto wallets, WhatsApp has added a cryptocurrency payments feature for a limited number of users. The feature lets users send and receive […]
Knight Frank India has released ‘Outlook Report’ which highlights top trends for 2022. Report predicts capital value growth of 5% in residential sector and upswing in office space and warehousing supported by higher demand by IT companies and e-commerce platforms. Note of caution- The report highlights the fact that the recovery we have seen so […]
