Gross direct tax collections up by 30% at Rs 10,93,385 cr in current fiscal

New Delhi (IANS) Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at Rs 10,93,385 crore, which was over Rs 8,43,301 crore collected during the corresponding period of last year.

The growth has been achieved…

Hindujas do a Messi in RCap bid

Mumbai (IANS) Hinduja offer of Rs 9,000 crore cash upfront trumps Torrent bid of just Rs 4,000 crore cash and the balance to be paid to lenders in three equal instalments in year 3/4/5 with zero interest.

The objective of the IBC Code is to…

Traders' body to launch 3-month-long stir, seeks streamlining of e-commerce rules, GST rationalisation

New Delhi (IANS) The Confederation of All India Traders (CAIT) has announced a three-month nation-wide agitation from January 1, 2023 till March 31, 2023, seeking streamlining of e-commerce and simplification as well as rationalisation of GST structure…

Air India launches 'FogCare' initiative to minimise disruption

New Delhi (IANS) Air India on Saturday launched the new "FogCare" initiative which will take care of unforeseen circumstances, such as delays and cancellations of flights, due to thick fog during the winter season.

This initiative will initially…

Google moves NCLAT against CCI's Rs 1,338 cr fine over abusing Android market

New Delhi (IANS) Google on Friday said it has approached the National Company Law Appellate Tribunal (NCLAT) to appeal the Competition Commission of India's (CCI) decision to penalise the tech giant Rs 1,338 crore for abusing its dominant position…

IOCL selects Reliance Jio managed network services for its retail outlets

New Delhi (IANS) Jio has won Indian Oil Corporation Ltd (IOCL) order for providing SD-WAN (Software Defined Wide Area Network) solution that will power IOCL's retail automation and critical business processes, such as payment processing, daily…

Shriram Finance to grow its retail fixed deposits by 25%

Chennai (IANS) One of the country's largest non-banking finance company (NBFC) Shriram Finance Ltd plans to grow its fixed deposits from the current Rs 32,000 crore and talks are on to raise long term funds from international markets, said Umesh…

Mumbai airport achieves top ACI rating, among 31 in the world

Mumbai (IANS) The Chhatrapati Shivaji Maharaj International Airport (CSMIA) has achieved the highest-level 4+ Transition of Airport Carbon Accreditation program of the Airport Council International, to join only 31 such airports worldwide, an official…

Ericsson scales up 5G gear production in India, to create 2K jobs

New Delhi (IANS) Telecom networking company Ericsson on Monday announced it is scaling up the production capacity and operations with its partner Jabil in Pune to meet the needs of 5G network deployments in the country.

The production ramp-up…

India's GDP to grow 7% in FY23: Acuite

Chennai (IANS) Credit rating agency Acuite Ratings and Research forecast India's gross domestic product (GDP) growth at 7 per cent in FY23.

In a report, Acuite said India's annualised GDP growth in Q2 FY23 expectedly, expanded at a…