RBI extends deadline for returning Rs 2,000 notes to Oct 7

Mumbai (IANS) The RBI on Saturday extended the deadline for the public to exchange or deposit Rs 2,000 currency notes at bank branches till October 7.

The earlier deadline for returning Rs 2,000 notes was scheduled to expire on September 30.

GST collections rise 2.2% to stand at Rs 1,62,712 crore in September

New Delhi (IANS) The gross GST revenue for September rose 2.2 per cent to Rs 1,62,712 crore from Rs 1,59,069 crore in August.

Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST…

PE-VC investments decline 15% to $6 billion in Q3'23

New Delhi (IANS) Private Equity-Venture Capital (PE-VC) funds invested $6 billion (across 139 deals) in India-based companies during the quarter ended September 2023 (Q3'23), shows data from Venture Intelligence, a research service focused on…

Hindustan Zinc proposes to create separate entities as part of restructuring

New Delhi (IANS) The Board of Directors of Hindustan Zinc have decided that considering the scale, nature, and potential opportunities for various business verticals of the Company, the Company should undertake a comprehensive review of its corporate…

Air India acquires first Airbus A350-900 through finance lease

New Delhi (IANS) Air India on Friday said that it has acquired India’s first Airbus A350-900 aircraft through a finance lease transaction with HSBC.

According to airline officials, the transaction makes Air India the first scheduled carrier…

Nifty faces profit booking after strong start

New Delhi (IANS) On the first day of the October series, Indian markets started strong and continued to build on the gains through the session, barring the last 45 minutes of trade, where Nifty witnessed minor profit booking and fell more than 100…

JioAirFiber could unlock a US$7-10bn revenue opportunity: Jefferies

New Delhi (IANS) JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have internet access today, according to a report by foreign brokerage Jefferies.

The…

28% GST on online gaming, casinos & horse racing from Oct 1: CBIC chief

New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) is prepared to implement the 28 per cent GST (Goods and Services Tax) rate on online gaming, casinos and horse racing from October 1, CBIC chairman Sanjay Agarwal said on Thursday.

Dunzo laying off 150-200 more employees amid fresh funding news: Reports

New Delhi (IANS) Homegrown quick-grocery delivery provider Dunzo, set to raise $35 million in funding from existing backers like Reliance Industries and Google as well as new investors, is reportedly laying off at least “150-200” more employees amid…

ideaForge and GalaxEye tie up to develop surveillance UAV

Chennai (IANS) Space sector start-up GalaxEye Space Solutions Pvt Ltd and drone maker ideaForge Technology Ltd have inked an agreement to jointly develop an unmanned aerial vehicle with Foliage Penetration Radar.

According to the two companies,…