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Temasek to invest ₹1,200 crore in Mahindra’s passenger EV company MEAL

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Temasek to invest ₹1,200 crore in Mahindra’s passenger EV company MEAL

“With this investment, Mahindra’s EV subsidiary’s valuation goes up by 15% from up to ₹70,070 crores to up to ₹80,580 crores. The breadth of global experience of these marquee investors will be valuable for MEAL,” M&M said in a statement.  | Photo Credit: Special arrangement Mahindra & Mahindra Ltd. and global investment firm Temasek have…

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PressReader renews partnership with The Hindu

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PressReader renews partnership with The Hindu

PressReader’s B2B network facilitates the distribution of The Hindu’s content to global subscribers. | Photo Credit: Special Arrangement PressReader, a leading all-you-can-read platform of newspapers and magazines, has announced the renewal of its partnership with The Hindu. The collaboration enables PressReader’s subscribers and users across its extensive global B2B network to once again access the…

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India’s services sector growth at 13-year high in July on strong demand

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India’s services sector growth at 13-year high in July on strong demand

Image used for representational purpose only. | Photo Credit: The Hindu India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday (August 3). S&P Global’s India services purchasing managers’ index rose to 62.3 in July from June’s…

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GST Council sticks to its guns, imposes 28% tax on online gaming 

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GST Council sticks to its guns, imposes 28% tax on online gaming 

Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023. | Photo Credit: PTI The GST Council on August 2 blinked a little on technicalities and kept the door open for…

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6.77 crore IT returns, a surge of 16.1%, filed by July 31

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6.77 crore IT returns, a surge of 16.1%, filed by July 31

Representational image only. | Photo Credit: Twitter/@IncomeTaxIndia  The number of Income Tax Returns (ITRs) filed by the July 31 deadline touched a new high of 6.77 crore this year, 16.1% higher than a year ago, with 53.67 lakh taxpayers filing returns for the first time. A little less than 10% of all return filings took…

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GST revenues register three-month high in July

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GST revenues register three-month high in July

Image used for representational purposes only. | Photo Credit: Special Arrangement India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July. However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year. Revenues…

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Gruha Jyothi scheme to be launched in Kalaburagi on August 5

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Gruha Jyothi scheme to be launched in Kalaburagi on August 5

A file photo of Energy Minister K.J. George (2nd from right), along with Dileesh Sasi, Director, Directorate of Electronic Delivery of Citizen Service (EDCS); Gaurav Gupta, Additional Chief Secretary Energy Department; and Mahantesh Bilagi, MD, Bescom, in Bengaluru. | Photo Credit: K. Murali Kumar Although it was announced that the Gruha Jyothi scheme would be…

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Farmers Producers Org set up in 2016 to do business of ₹20 crore this year

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Farmers Producers Org set up in 2016 to do business of ₹20 crore this year

NABARD officials and beneficiaries at a farm pond constructed through FPO in Navalgund taluk of Dharwad district on Monday. | Photo Credit: KIRAN BAKALE The help extended by NABARD and State Bank of India to farmers of Navalgund taluk has facilitated the establishment and operation of Farmers Producers Organisation (FPO) and it, in turn, has…

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