The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show cause notices to ten foreign airlines over an alleged ₹10,000 crore in unpaid taxes. The list includes major carriers such as Emirates, Lufthansa, British Airways, Singapore Airlines, and Oman Air.
The notices, dispatched over the past three days, address unpaid tax dues related to the import of services by…
Manish Tiwary, the head of Amazon India’s operations, has announced his resignation to explore new opportunities, concluding an eight-year tenure with the e-commerce giant. Tiwary, who joined Amazon India from Unilever in 2016, has served as vice president before becoming country manager in 2020. In his role, he led the consumer and seller services vertical for four years.
Tiwary will remain…
On August 1, Zomato announced the launch of a new app named ‘District,’ designed to expand beyond its traditional food delivery services into a broader spectrum of lifestyle and entertainment offerings. This ambitious move aims to consolidate various “going-out” activities, including dining, movie and sports ticketing, live performances, shopping, and staycations, into a single…
Walmart-owned e-commerce giant Flipkart has officially launched its rapid delivery service, ‘Minutes,’ in Bengaluru, aiming to revolutionize quick commerce in India. The service, which promises deliveries within 10 to 15 minutes, is now operational in key areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli.
This new offering positions Flipkart directly in competition with…
Adani’s super app, Adani One, has embarked on digital lending pilots with fintechs and non-banking financial companies (NBFCs) as part of its strategy to diversify its offerings. This initiative, spearheaded by Adani Digital Labs, aims to integrate personal loans into the app’s suite of services.
The app has finalized a partnership with KrazyBee Services, the NBFC arm of fintech firm…
New Delhi: Bharat Heavy Electricals Limited (BHEL) has announced that it will conduct India’s first-ever demonstration of methanol-fired gas turbine technology at the 350 MW Kayamkulam Combined Cycle Power Plant (CCPP) operated by NTPC. This pioneering project, located in Alappuzha district, Kerala, represents a significant milestone in the country’s energy sector.
The demonstration aims to…
The Nasdaq Composite index fell 2.2% on Friday, confirming a correction as it dropped 10.2% from its record high set on July 10. This decline reflects growing concerns over inflated valuations in the Big Tech sector and a weakening economy.
The Nasdaq’s latest drop was triggered by disappointing earnings forecasts from major tech companies such as Amazon and Intel, coupled with…
The National Payments Corporation of India (NPCI) successfully re-established retail payment connections for banks using C-Edge Technologies systems on August 1, following a significant ransomware attack on the technology provider. This restoration of services comes after NPCI’s comprehensive investigation into the incident.
Incident Overview:
Ransomware Attack: C-Edge Technologies experienced…
Tata Power Ltd shares reached a record high on Friday, defying a broader market downturn. The stock surged to Rs 470.85, up from the previous close of Rs 464.35 on the Bombay Stock Exchange (BSE), marking a significant milestone for the company. This surge comes as Tata Power’s market capitalization crossed the Rs 1.5 lakh crore threshold.
Key Highlights:
Record High: Tata Power shares peaked…
In the world of investing, the term multibagger refers to stocks that deliver returns several times their initial investment cost. These high-potential investments are characterized by their significant price appreciation, making them a coveted target for savvy investors. Understanding how to identify these stocks can be crucial for anyone looking to achieve substantial gains in the stock…
