Maximum GST compensation cess rate for tobacco products capped

New Delhi (IANS) The government has put a cap on the maximum rate of GST compensation cess to be levied on tobacco products like cigarettes and pan masala, among other items.

The cap is among the 75 amendments made in the Finance Bill, which…

Second G20 Framework Working Group meeting concludes in Chennai

Chennai (IANS) The two-day Second G20 Framework Working Group meeting concluded here on Saturday with members agreeing on the way forward for important deliverables for the year, including those on macroeconomic consequences of food and energy insecurity…

FM reviews PSBs' performance amid banking crisis in US, Europe

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman chaired a meeting on Saturday to review the performance of Public Sector Banks (PSBs) on various financial health parameters.

The Finance Minister underlined that PSBs "must look at…

BYJU's, Aakash deny merger talks with rival Unacademy

New Delhi (IANS) Edtech major BYJU's on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services.

Reacting to a Money Control report which said, citing sources, that SoftBank-backed…

Cash use decline as UPI to drive India's e-com market to reach $150 bn in 2026

New Delhi (IANS) As unified payments interface (UPI)-based transactions continue to break all records, India's e-commerce market is projected to grow from $83 billion in 2022 to $150 billion in 2026, as cash transactions decline further, a report…

Sitharaman to meet public sector banks chiefs on March 25

New Delhi (IANS) Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25.

This would be the first meeting of…

IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm

New Delhi (IANS) Global development institution IFC will invest Rs 600 crore in a new last-mile mobility (LMM) company, a wholly-owned subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo), it announced on Wednesday.

IFC's…

India's neckband market declines 9% in 2022, boAt leads

New Delhi (IANS) Indias neckband market shipments declined 9 per cent (on-year) in 2022 primarily due to seasonality and rising competition between hearable types, a report said on Wednesday.

Homegrown boAt led the market with a 27 per cent…

Accenture to acquire Bengaluru-based industrial AI firm Flutura

New Delhi (IANS) Global professional services company Accenture on Tuesday said it is acquiring industrial artificial intelligence (AI) company Flutura for an undisclosed sum.

Bengaluru-headquartered Flutura will strengthen Accenture's…

Number of air-passengers benefitting from RCS-UDAN falls in 2022-23

New Delhi (IANS) Number of air-passengers benefitting from the government's Regional Connectivity Scheme (RCS) has come down in 2022-23.

A Parliamentary standing Committee took note of the dwindling numbers and has sought an explanation…