NEW DELHI: Eternal, which owns the Zomato and Blinkit brands, has received three orders from the GST department imposing a total tax demand of over Rs 40 crore, including interest and penalty. These orders have been received from the Joint Commissioner-4 Bengaluru for the period from July 2017 to March 2020. Source link
The global flow of parcels to the United States has been thrown into chaos after several countries temporarily suspended shipments following the Trump administration’s removal of the “de minimis” tariff exemption. The exemption, which allowed shipments of goods worth $800 or less to enter the US duty-free, which were eliminated starting August 26. The new…
Indian refineries maintain their Russian oil imports as India takes a firm position in US trade discussions. (AI image) India’s crude oil trade with Russia has emerged as a prickly point in trade deal talks with the US, with the Donald Trump administration imposing 25% additional tariffs effective today. But, Indian refinery executives have indicated…
Trump had announced 50% tariffs on India earlier this month, which went into effect on Wednesday (AI image) NEW DELHI: The additional 25 per cent tariff imposed by US President Donald Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per…
NEW DELHI: Fair trade regulator CCI on Tuesday said it has in principle approved Adani Group’s acquisition of debt-ridden Jaiprakash Associates, should it win a bid in the ongoing insolvency proceeding. The proposed combination relates to the acquisition of up to 100% shareholding of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL) and Adani…
Apple to open fourth in Pune NEW DELHI: iPhone-maker Apple on Tuesday announced the opening of a new store in Pune on September 4. The move marks a significant expansion for Apple in the country, offering customers in Pune new ways to explore and purchase Apple products, as well as experience Apple’s services in person…
Trump imposed 50% tariffs on India (AI image) NEW DELHI: The recent US decision to impose steep tariffs on Indian goods could boomerang on the American economy by pushing up inflation and shaving growth, according to an analysis by the State Bank of India (SBI). The report, quoted by ANI, estimates that US GDP growth…
The industry is already facing pressure following the introduction of Specialised Investment Funds (SIFs) from April this year. (AI image) The Portfolio Management Services (PMS) industry has approached market regulator SEBI to reduce the minimum investment threshold of ₹50 lakh to make this investment channel accessible to a wider base of investors. Sebi had increased…
NEW DELHI: Gold prices jumped by Rs 600 to Rs 1,00,770 per 10 grams in the national capital on Tuesday, supported by a weak rupee and firm global trends, according to the All India Sarafa Association. Meanwhile, silver prices rallied by Rs 3,000 to revisit the all-time high level of Rs 1,18,000 per kg, including…
Tata Consultancy Services (TCS) BENGALURU: Tata Consultancy Services (TCS) has appointed Amit Kapur as the chief AI and services transformation officer, effective September 1. He will report to the firm’s COO, Aarthi Subramanian. Kapur currently leads TCS’s business in the UK and Ireland, the company’s second-largest region, and has over 26 years of experience with…
