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Tag: Business

Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024

Posted on October 13, 2023 By admin
Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024

Air India Express is set to induct 50 new Boeing 737 MAX planes in next 15 months. New Delhi: Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides,…

Read More “Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024” »

Business

Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

Posted on October 12, 2023 By admin
Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

Go First’s total revenue from operations stood at Rs 4,183 crore in financial year 2021-22. New Delhi: Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process. The carrier, which has its base in Guwahati, recently received a No Objection Certificate (NOC)…

Read More “Jettwings Airways Submits Expression Of Interest For Bankrupt Go First” »

Business

Sensex rises 393 pts, Nifty closes above 19,800 on gains in energy FMCG shares

Posted on October 11, 2023 By admin
Sensex rises 393 pts, Nifty closes above 19,800 on gains in energy FMCG shares

Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday | Photo Credit: Reuters Benchmark Sensex rose by 393 points while Nifty closed above the 19,800 level on Wednesday on buying in energy, FMCG and capital goods shares amid mixed global cues and easing inflation concerns. Rising for the second straight…

Read More “Sensex rises 393 pts, Nifty closes above 19,800 on gains in energy FMCG shares” »

Business

18% GST On Corporate Guarantees For Their Subsidiaries

Posted on October 7, 2023 By admin
18% GST On Corporate Guarantees For Their Subsidiaries

GST Council also decided to levy 5 per cent tax on millet-based flour when sold in pre-packaged New Delhi: The GST Council on Saturday clarified that guarantees provided by corporates to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director…

Read More “18% GST On Corporate Guarantees For Their Subsidiaries” »

Business

28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre

Posted on October 7, 2023 By admin
28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre

The GST Council decided to clarify levy of 28 per cent GST on online gaming platforms New Delhi: As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and…

Read More “28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre” »

Business

5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form

Posted on October 7, 2023 By admin
5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form

5 per cent GST on millet-based flour when sold in pre-packaged and labelled form New Delhi: The GST Council on Saturday decided to levy a lower 5 per cent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said. Flour, containing at least 70 per cent millets, will attract…

Read More “5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form” »

Business

Morning Digest | FIR links NewsClick case to legal aid for Chinese companies; Canada moves diplomats out of India to Singapore, Malaysia, and more 

Posted on October 7, 2023 By admin
Morning Digest | FIR links NewsClick case to legal aid for Chinese companies; Canada moves diplomats out of India to Singapore, Malaysia, and more 

The FIR filed by the Delhi Police cites tax evasion cases being faced by companies such as Xiaomi and Vivo in India. File | Photo Credit: Reuters FIR links NewsClick case to legal aid for Chinese companies The Delhi police have levelled a wide range of charges in their First Information Report (FIR) against NewsClick founder Prabir Purkayastha, American…

Read More “Morning Digest | FIR links NewsClick case to legal aid for Chinese companies; Canada moves diplomats out of India to Singapore, Malaysia, and more ” »

World

India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO

Posted on October 5, 2023 By admin
India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO

New Delhi: The 5G network rollout in India has been remarkable and the country is among the top three nations with the largest 5G installed base in the world, a top Nokia official said on Thursday. Nokia President and CEO Pekka Lundmark was addressing an event during the inauguration of the company’s 6G research lab…

Read More “India Among Top 3 Nations With Highest 5G Base, Remarkable: Nokia CEO” »

Business

UK’s Superdry To Sell South Asian Intellectual Property Assets To Reliance For $48 Million

Posted on October 4, 2023 By admin
UK’s Superdry To Sell South Asian Intellectual Property Assets To Reliance For $48 Million

Superdry’s shares jumped 18% to a near two-month high on Wednesday. Bengaluru: Reliance Retail, India’s largest retailer, will buy UK-based Superdry’s licenses and brand assets in three Asian countries for 40 million pounds ($48 million), expanding its tie-ups with foreign brands and giving the struggling UK fashion retailer much-needed funds. Superdry’s shares jumped 18% to…

Read More “UK’s Superdry To Sell South Asian Intellectual Property Assets To Reliance For $48 Million” »

Business

Over 30 Lakh Audit Reports Filed On Income Tax Department Website

Posted on October 2, 2023 By admin
Over 30 Lakh Audit Reports Filed On Income Tax Department Website

To facilitate the taxpayers, extensive outreach programmes were carried out New Delhi: Over 30 lakh audit reports (TAR) were filed till September 30 on the e-filing portal of the Income Tax Department, the tax authority said on Monday. The Income-tax Department through the release appreciated taxpayers and tax professionals for making compliances on time. Those…

Read More “Over 30 Lakh Audit Reports Filed On Income Tax Department Website” »

Business

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