Over 1 cr ITRs filed this year, I-T Dept urges taxpayers to keep up momentum

New Delhi (IANS) With the last date for filing annual returns approaching, the Income Tax (I-T) Department said that more than one crore ITRs have been filed till June 26, compared to the one crore ITRs filed till July 8 last year.

In a Twitter…

Govt to release Tur from buffer stock to augment supplies

New Delhi (IANS) In order to ensure an adequate supply of Tur and control its prices, the government on Tuesday decided to release it from buffer stock in a calibrated manner till imported stocks arrive in the markets.

According to official…

India to produce own aircraft engines for Tejas as defence deals strengthened during PM Modi's US visit: Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that India will now be able to produce its own aircraft engines, specifically the F414 engines used in the Tejas Light Combat Aircraft.

Citing the several defence production…

Meta and CAIT join hands to upskill 1 million traders

New Delhi (IANS) On the occasion of World MSME Day on June 27, Meta has reiterated its commitment to the growth of India’s small businesses by announcing two new skilling programmes in the country.

Meta announced a new partnership with the…

India is investment destination of the decade

New Delhi (IANS) With longstanding trends of a solid economic growth, young demographics, urbanisation and the rise of an aspirational middle class, India stands out as one big shining star in the global economy, HSBC said in a report.

New…

Raids on Shree Cements expose Rs 23,000 crore tax fraud: IT officials

Jaipur (IANS) In wake of the raids on the Shree Cement Group, Income Tax officials have seized documents indicating tax fraud to the tune of at least Rs 23,000 crore, sources said on Sunday.

Income Tax Department officials said that a scrutiny…

Amazon CEO says committed to invest $26 bn in India by 2030

Washington (IANS) E-commerce giant Amazon CEO Andy Jassy on Saturday said that the company is committed to invest $26 billion in India by 2030, after he met Prime Minister Narendra Modi here.

Amazon has invested about $11 billion in India so…

Rs 100 cr TCS job scam can lead to HR cleanup in major IT companies

Chennai (IANS) The reported over 'Rs 100 crore' bribe for jobs scam uncovered in the Tata Consultancy Services Ltd (TCS) not only impacts its reputation, it would also have an Indian IT industry-wide impact and some cleanup has to happen,…

Telecom connectivity to get hampered in Lutyens' Delhi due to new NDMC policy: DIPA

New Delhi (IANS) The Digital Infrastructure Providers Association (DIPA) on Saturday strongly opposed the latest New Delhi Municipal Council (NDMC) policy, saying it will hamper the quality of telecom connectivity due to the restrictions imposed on…

AdaniConneX seals largest data centre financing deal in India with $213mn construction financing facility

New Delhi (IANS) Adani ConneX achieved financial closure through its maiden construction facility by entering into Financing Framework, raising $213 million for its under-construction data centre asset portfolio.

The tied-up facility will finance…