Topnews News

KTR invited to World Economic Forum's annual meeting

KTR invited to World Economic Forum's annual meeting

Hyderabad: Telangana's minister for information technology and industries K.T. Rama Rao has received an invitation to attend the prestigious World Economic Forum (WEF) annual meeting 2022, which will take place in Davos-Klosters from 17 to 21 January.Appreciating the work of the minister, WEF Presid...

Readmore

Consumer confidence rally in Sep shows 2% points upswing: Survey

Consumer confidence rally in Sep shows 2% points upswing: Survey

New Delhi: Consumer Confidence of urban Indians has continued its rally in September, showing a 2 percentage points upswing, according to the Refinitiv-IpsosPrimary Consumer Sentiment Index (PCSI).The monthly PCSI, which is driven by the aggregation of the four weighted sub-indices, has shown more i...

Readmore

Over 1 cr unorganised workers registered on e-Shram portal

Over 1 cr unorganised workers registered on e-Shram portal

New Delhi: More than 1 crore workers have registered at E-Shram portal set up to generate a comprehensive database of the unorganised workers required for delivery of various welfare schemes.The drive to facilitate registration of unorganized workers on E-Shram portal has received huge attention sin...

Readmore

CARS24 raises $450mn, nearly doubles its valuation to $1.84bn

CARS24 raises $450mn, nearly doubles its valuation to $1.84bn

New Delhi: CARS24, India's leading e-commerce platform for pre-owned vehicles, has closed a $450 million round of funding, including a $340 million Series F equity round alongside $110 million debt from diversified financial institutions.The Series F equity round was led by DST Global, Falcon Edge a...

Readmore

Monies paid by Amazon in legal fees have been funnelled into bribes: Report

Monies paid by Amazon in legal fees have been funnelled into bribes: Report

New Delhi: Amazon, the world's largest online retailer, has initiated an investigation into the conduct of its legal representatives in India, The Morning Context reported.This investigation comes on the back of a whistleblower complaint alleging that certain monies paid by Amazon in legal fees have...

Readmore

Vodafone Idea would opt for equity conversion during moratorium

Vodafone Idea would opt for equity conversion during moratorium

New Delhi: Vodafone Idea would opt for the equity conversion for interest payout during moratorium period, resulting in sizable dilution and might restrict potential equity infusion from any financial/strategic investor, analysts said.Emkay Global Financial Services said in a note that the package, ...

Readmore

GST Council extends levy of compensation cess till March 2026

GST Council extends levy of compensation cess till March 2026

Lucknow: The GST Council has agreed to levy compensation cess for an extended period upto March 2026 to enable the Centre to repay the loans, including principal and interest taken, to compensate states for GST collection shortfall.As per the GST legislation, states were to be compensated by the Cen...

Readmore

GST Council extends relief of medicines, but petroleum still out of bounds

GST Council extends relief of medicines, but petroleum still out of bounds

Lucknow: In a slew of decisions, the GST Council on Friday decided to extend the applicability of concessional rates on Covid-19-related medicines but did not include petroleum products in its kitty.Briefing the media after the conclusion of the Council's 45th meeting, and the first in a physical fo...

Readmore

GST Council rejigs some rates, extends cess levy, petroleum still out

GST Council rejigs some rates, extends cess levy, petroleum still out

Lucknow: The GST Council on Friday decided to provide relief on Covid-related items by extending the concessional rate of duty on medicines for it upto December 31, 2021, while taking no decision on bringing petroleum products under its ambit, saying it was not the right time yet.It also decided to ...

Readmore

Majority of Council opposed bringing petroleum products under GST: Sitharaman

Majority of Council opposed bringing petroleum products under GST: Sitharaman

Lucknow: Union Finance Minister Nirmala Sitharaman on Friday said that a majority of state governments opposed the inclusion of petroleum products under the GST.Addressing the media after the conclusion of the Council's 45th meeting -- and the first held in a physical format after start of the Covid...

Readmore