Tag: india business news

GST officers have arrested one person on charges of fraudulently availing Rs 52 crore input tax credit by issuing fake invoices and evading taxes, the finance ministry said on Wednesday. The Gurugram zonal unit of the Directorate General of GST IntelligenceGST officers have arrested one person on charges of fraudulently availing Rs 52 crore input tax credit by issuing fake invoices and evading taxes, the finance ministry said on Wednesday. The Gurugram zonal unit of the Directorate General of GST Intelligence

A cost-of-living crisis sparked in part by higher fuel and food prices is expected to hit women the hardest, the World Economic Forum reported on Wednesday, pointing to a widening gender gap in the global labour force. The Geneva-based think tankA cost-of-living crisis sparked in part by higher fuel and food prices is expected to hit women the hardest, the World Economic Forum reported on Wednesday, pointing to a widening gender gap in the global labour force. The Geneva-based think tank

Revenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said on Wednesday. The Chinese company deals in mobile brands — Oppo, OnePlus and Realme. During an investigation ofRevenue intelligence officers have detected Rs 4,389 crore duty evasion by Chinese smartphone maker Oppo by misdeclaration of imports, the Finance Ministry said on Wednesday. The Chinese company deals in mobile brands — Oppo, OnePlus and Realme. During an investigation of

Around 70 per cent of homebuyers consider it important to have an office set-up in their house as the concept of a hybrid working model is gaining momentum, as per a survey. Godrej Properties Ltd on Wednesday released the survey reportAround 70 per cent of homebuyers consider it important to have an office set-up in their house as the concept of a hybrid working model is gaining momentum, as per a survey. Godrej Properties Ltd on Wednesday released the survey report

Cash-starved Pakistan could face a serious economic problem as its foreign exchange reserves are depleting fast amid rising external debt servicing, according to a media report on Wednesday. The country’s external debt servicing rose to USD 10.886 billion in the firstCash-starved Pakistan could face a serious economic problem as its foreign exchange reserves are depleting fast amid rising external debt servicing, according to a media report on Wednesday. The country’s external debt servicing rose to USD 10.886 billion in the first

Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750

On Wednesday, the rupee hit a record low for a third straight session as foreign investors continued to sell riskier assets ahead of US inflation data, which might influence the speed at which monetary policy is tightened in the largest economyOn Wednesday, the rupee hit a record low for a third straight session as foreign investors continued to sell riskier assets ahead of US inflation data, which might influence the speed at which monetary policy is tightened in the largest economy

Gold price on the MCX is defying the trend overseas and is trading by a tad higher. Last around the time of writing this copy, MCX gold is trading at Rs. 50,606 per 10 gm, silver futures on the other handGold price on the MCX is defying the trend overseas and is trading by a tad higher. Last around the time of writing this copy, MCX gold is trading at Rs. 50,606 per 10 gm, silver futures on the other hand

Oil prices slipped in trade today below the key $100 per barrel as a number of factors are weighing upon. First of all fresh and elevated worries around Covid and hence mobility curbs in China are weighing as China is theOil prices slipped in trade today below the key $100 per barrel as a number of factors are weighing upon. First of all fresh and elevated worries around Covid and hence mobility curbs in China are weighing as China is the

India exported textiles and handicrafts worth more than USD 44 billion — an all-time high — last financial year, Textiles Secretary U P Singh said on Tuesday. He was speaking at an industry event in Greater Noida which was inaugurated byIndia exported textiles and handicrafts worth more than USD 44 billion — an all-time high — last financial year, Textiles Secretary U P Singh said on Tuesday. He was speaking at an industry event in Greater Noida which was inaugurated by