New Delhi: Samsung on Tuesday announced a collaboration with Microsoft on an end-to-end, Cloud-based private 5G network solution to drive innovation that lowers the barrier to entry for deployment of private 5G networks in enterprises. Through a Cloud-based approach to the market, the companies said they aim to achieve greater cost efficiencies in 5G deployments. […]
New Delhi: Global private equity firm General Atlantic will invest Rs 3,675 crore to buy a 0.84 per cent stake in Reliance Industries Ltd’s retail arm, extending the fundraising spree by billionaire Mukesh Ambani-led firm. General Atlantic will invest in Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd, the Indian firm said […]
New Delhi: The Central Board of Direct taxes (CBDT) has issued a circular (No. 17) clarifying the tax deduction at source (TDS) and tax collection at source (TCS) provisions, which will come into force from October 1. Tax expert Ved Jain said that TCS is to be collected and paid on all payment received on […]
New Delhi: The Centre has given more time to taxpayers in yet another compliance measure as it extended the due date to file GSTR-9 and GSTR 9C for 2018-19 by a month on Wednesday. The GST annual return in the two forms was to be filed by September 30, 2020. This now stands extended till […]
Mumbai: The Securities and Exchange Board of India (SEBI) has barred four individuals, including Yashovardhan Birla, the Chairman of Yash Birla Group, from the markets in relation to manipulation in issuance of global depository receipts (GDR) by Birla Cotsyn (India) Ltd way back in 2010. Birla Cotsyn (India) Ltd (BCIL) is currently undergoing liquidation proceedings […]
New Delhi: Honda Motorcycle & Scooter India (HMSI) will enter the mid-size 350-500 cc motorcycle segment in India. Accordingly, the company unveiled ‘H’ness – CB350’, which will be launched later in October. Here are the key features of the new bike. 1. The new offering will be the third BS-VI model from the company’s ‘BigWing’ […]
New Delhi: Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower than the budgeted amount in the FY21 Union Budget. Accordingly, the CTD is expected to be around Rs 5,00,500 crore (Rs 5,005 billion) in FY2021 from the budgeted Rs 7,84,200 crore (Rs 7,842 billion). […]
New Delhi: BMW Group India on Thursday said that it will increase prices across the BMW and MINI product portfolio with effect from November 1, due to rising costs and depreciating currency. BMW Group India President Vikram Pawah said: “BMW Group India will increase the prices of its cars by up to 3 per cent […]
New Delhi: International crude oil prices continued to decline on Friday due to persistent global economic uncertainties, going down further after the announcement that US President Donald Trump had tested coronavirus positive. A further increase in crude supplies also eased the prices, analysts said. Related Story: US President Donald Trump, First Lady Melania Test Positive […]
New Delhi: Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) announced on Saturday that global investment firm TPG will invest Rs 1,837.5 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. TPG’s investment will translate into a 0.41 per cent […]
New Delh: Eyeing a bigger pie of the growing 5G networking market, chip giant Intel has announced an expanded lineup of hardware, software and solutions for network infrastructure. As the telecommunications industry transitions to 5G, the next wave of network transformation represents a $25 billion silicon opportunity by 2023. “When you consider the collective impact […]
New Delhi: The soaring spirit of Khadi lovers got better of the Covid-19 fear on Gandhi Jayanti with the Khadi sales figure crossing the Rs 1 crore mark at Delhi’s flagship Khadi India outlet in Connaught Place. The overall sales of Khadi were recorded at Rs 1,02,19,496 on Friday (October 2), which is significantly high […]
New Delhi: The Pension Fund Regulatory and Development Authority (PFRDA) plans to engage a strategic management consultant to study and make recommendations for the proposed organisational restructuring and segregation of the NPS Trust. The regulator has sought Expressions of Interest (EoI) from interested consultancy firms for the study. In the Union Budget for 2020-21, the […]
Bengaluru: Flipkart on Monday said that its partnership with Paytm will enable millions of users to conveniently pay through their Paytm Wallet and Paytm UPI while shopping on Flipkart during the ‘Big Billion Days sale that starts from October 16. Flipkart customers will also get instant cashback to their Paytm wallets. “This festive season, millions […]
Kolkata: Rose Valley, which is under the concurrent probe of the CBI and ED for allegedly defrauding investors, has already returned around Rs 10,500 crore out of Rs 17,520 crore raised from them, an official said on Monday. He said the ED had also attached properties worth Rs 4,500 crore and filed two prosecution complaints […]
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