NEW DELHI: Amid the demand for fewer slabs of GST, several states, including Opposition-ruled West Bengal and Karnataka, do not see any need to reduce them from the current four, with a ministerial panel set to review representations from insurance, online gaming, restaurants and beverage sectors for lowering of rates.While the demand for lowering GST…
NEW DELHI: Commerce and industry minister Piyush Goyal‘s allegations of violation of rules by e-commerce companies, such as Amazon, have raised expectations of government finally moving ahead with a new set of regulations for e-commerce, along with a policy, as well as e-pharmacies.A day after his comments at an event organised by Pehle India Foundation,…
Billionaire Gautam Adani plans to appoint auditors from a top global firm and hire a chief executive officer for his family offices to bring a level of disclosure often associated with listed companies, people familiar with the matter said.The founders of the mining-to-media conglomerate are talking to two of the big six accounting firms to…
Over 7.28 crore income tax returns (ITR) were filed by July 31, 2024 and approximately 5 crore of these ITRs were filed by July 26, 2024, indicating that 2.28 crore ITRs were filed between July 27 and July 31, 2024. Consequently, the deadline for verifying the 2.28 crore ITRs filed in the last days of…
Provident Fund claim settlement to get easier? The Employees’ Provident Fund Organisation (EPFO) is set to launch its upgraded IT system, EPFO IT System 2.01, within the next quarter, according to multiple sources who spoke to ET. The new system is expected to significantly improve the user experience for more than 60 million EPFO subscribers…
Akasa Air, one of India’s newest airlines, is in discussions with a consortium comprising Premji Invest and Claypond Capital, the family offices of Wipro’s Azim Premji and the Manipal Group’s Ranjan Pai, respectively, for a significant minority stake investment of approximately $125 million. The consortium has engaged Alvarez & Marsal, a consultancy firm, to conduct…
MUMBAI: The tax collection at source on external remittances made from India appears to have had a dampening impact on Indians‘ spending abroad. Total spending by Indians on external remittances in June 2024 dipped 44% to $2.2 billion compared to $3.9 billion in the year-ago period. It is also 8% lower than the $2.4 billion…
MUMBAI: Paytm will sell its entertainment ticketing business, including the Insider platform, to Zomato for Rs 2,048 crore as the fintech looks to divest its non core assets. Paytm, which has faced regulatory scrutiny, will focus on its core payments and financial services distribution businesses, the company said in a stock exchange filing on Wednesday.Paytm’s…
NEW DELHI: One 97 Communications Limited, the parent company of Paytm on Wednesday said that it will sell its entertainment ticketing business to Zomato for Rs 2,048 crore. The entertainment ticketing services, including movies, sports, and events, will remain available on the Paytm app during a transition period of up to 12 months. “One 97…
BENGALURU: Nokia, which had earlier announced its partnership with Nasa for setting up of 4G/LTE cellular network on Moon, has now entered into a partnership with Axiom Space to integrate 4G/LTE connectivity into next-generation spacesuits for Nasa’s Artemis III lunar mission. In an exclusive interview to TOI, Nishant Batra, Chief Strategy and Technology Officer, Nokia,…
