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…

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…

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…

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.

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…

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…

DGGI slaps Dream11, other online gaming firms tax notices totalling Rs 55,000 crore

New Delhi (IANS) The Directorate General of GST Intelligence (DGGI) has reportedly issued around 12 pre-show cause notices to online real money gaming (RMG) firms, accusing them of evading approximately Rs 55,000 crore in Goods and Services Tax (GST).

India among most competitive aviation markets in world, says IndiGo CEO Pieter Elbers

New Delhi (IANS) CEO of economy carrier IndiGo, Pieter Elbers, on Tuesday described India as one of the most competitive aviation markets in the world.

Addressing the All India Management Association (AIMA) conference here, he further added…

RBI’s MPC will not tinker interest rate, to maintain hawkish stance: Economists

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the repo rate at their meeting next month but would try to manage liquidity with various instruments it has, said senior economists.

Repo rate…

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,…