[ad_1] Sources said the Income Tax Department is conducting massive searches at several locations of real estate firm Embassy Group, including its Bengaluru, Gurugram and Mumbai offices, to check alleged tax evasion. The residences of key officials of the embassy group are also being searched. “Around five sets of searches are being conducted by the […]
Licensing framework for convergence needs to be revisited: TRAI Chairman PD Vaghela
[ad_1] As the boundaries between broadcasting and telecommunications sectors are getting blurred due to the advent of digital technologies. Telecom Regulatory Authority of India (TRAI) chairman PD Vaghela on Wednesday said the licensing framework and governance structure need to be re-looked at to ensure orderly growth of the broadband, broadcast and IT sectors. He said […]
Sharp hike in prices hit rural demand
[ad_1] The sharp rise in prices of consumer staples has resulted in a sharp decline in consumption in the country’s rural markets. The year-on-year decline of 5.3% in the January-March quarter is the biggest slowdown seen in the last three quarters. Nielsen data shows that rural markets saw higher price growth in the January-March quarter […]
Economy booming: GST collection in May also exceeds Rs 1.4 lakh crore
[ad_1] Goods and Services Tax (GST) collections crossed the 1.4-trillion mark for the third consecutive month in May 2022 and fell to the fourth highest level since the launch of the comprehensive consumption tax nearly five years ago. The steady jump in GST receipts over the past few months indicates that the economic momentum has […]
Former SBI MD Ashwini Bhatia takes over as whole time member of SEBI
[ad_1] The Securities and Exchange Board of India (India) on Wednesday announced that Ashwini Bhatia – former Managing Director state Bank of India ,State Bank Of India) – had taken over as the Whole Time Member (WTM) on Tuesday. For the past seven months, the regulator had worked with only two whole-time members, SK Mohanty […]
SBI to accelerate digital agenda in FY23: Chairman Dinesh Khara
[ad_1] state Bank of India ,State Bank Of India) will intensify its digital agenda at the level of its front and back offices in the current fiscal, Chairman Dinesh Khara said in the bank’s annual report for FY12. The lender intends to expand the scope and reach of its app YONO and enhance the user […]
Manufacturing PMI stable, export orders at 11-year high
[ad_1] Manufacturing growth held steady in May, as export orders hit an 11-year high and companies could secure new deals, despite increasing selling prices at the fastest pace in eight-and-a-half years, with input costs rising. Customers to pass the spike in burden. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) eased slightly […]
Fintech unicorn Slice raises $50 million in Series C led by Tiger Global
[ad_1] Credit card provider Slice on Wednesday said it has raised $50 million as part of its large Series C round led by Tiger Global. These funds will be used to strengthen the company’s balance sheet which will support the expansion of its new UPI product. The company said in a statement that its existing […]
Air India offers cash incentives, lowers eligibility age to encourage employees to retire voluntarily
[ad_1] In a bid to encourage a significant section of its employees to retire voluntarily, Air India on Wednesday lowered the eligibility age from 55 to 40 and announced a cash incentive. After successfully winning the bid for the airline on October 8 last year, the Tata group took over control of Air India on […]
Facebook jumps 82 percent in hate speech; Violent content on Instagram increased by 86 percent in April
[ad_1] According to a monthly report released by Meta, hate speech on social media platform Facebook has increased by about 82 percent and violent and inciting content on Instagram has increased by 86 percent. Most of the content in the report is based on detection by social media platforms before users report them. According to […]