BUSINESS
Wadhawan approaches RBI, CoC with revised offer for DHFL
In a letter to RBI Governor Shaktikanta Das, DHFL administrator R. Subramaniakumar and the Committee of Creditors (CoC), the erstwhile promoter of the bankrupt NBFC said that he would make an upfront payment of Rs 9,000 crore in cash and Rs 31,000 crore will be paid within a period of seven years in equal annual instalments with 8.5 per cent per annum interest.
Amazon acquires podcast platform Wondery to take on Spotify
According to Amazon, the deal is yet to be finalised and nothing is changing for the listeners. Wondery would be part of Amazon Music, which launched podcast support in September.
Rally continues on FII funds, Nifty50 inches away from 14000 mark
The day's session was the sixth straight day of gains on the back of strong FII inflows of around Rs 1,824.52 crore on Wednesday. Globally, Asian shares hit a record high but closed on a mixed note as investors bet on a strong economic recovery in 2021. Similarly, European markets gained after the UK government approved the anti-Covid-19 vaccine developed by AstraZeneca and the University of Oxford.
Deadlines for IT, GST return filing extended
According to the Ministry of Finance's Revenue Department, the deadline for filing ITR by those taxpayers whose accounts are to be audited has been extended till February 15, 2021. Besides, the deadline for filing ITR by other taxpayers has been extended till January 10.
India's sequential Q2FY21 current account surplus moderates to $15.5 bn
On a YoY basis, the country's Balance of Payment status was in a deficit of $7.6 billion during Q2FY20. However, the data showed an increase in net services' receipts both sequentially and on a YoY basis, primarily on the back of higher net earnings from computer services.
Flipkart Mobile Phones Year End Sale: Heavy discounts on iPhone, Realme and more | All You Need to Know
The three-day sale started on Tuesday will end on Thursday night, December 31. The online retail giant has created a separate microsite for its big year-end sale under the banner of Mobile Phones Year End Sale.
Even $10 billion buyback plan fails to check slump in Alibaba Group’s shares | 5 points
There has been a continuous crackdown on Jack Ma’s e-Commerce empire by the Chinese authorities ever since he criticised governments regulatory policy claiming that these guidelines are gagging innovation.
Pakistan to buy costliest LNG amid increasing gas shortage
The Pakistan LNG Limited (PLL) has received high bid at 32.48 per cent of Brent with a gap of 31-days between tender opening and advertisement. LNG supplies were invited to bid for the supply of at least two LNG cargoes on delivered former ship bases at Port Qasim in Karachi, which attracted extremely high bids from two LNG cargoes for February 15-16, 2021, and at least four LNG suppliers for February 23-24, 2021.
Reliance Group refutes false and mischievous campaign on RCOM in social media
The statement said - It is being falsely and mischievously stated in a section of social media that RCOM Group of companies owe Rs. 86,188 crore to Indian banks and financial institutions. As per figures certified by the Resolution Professional appointed by the lenders, the RCOM group owed Rs.26,000 crore to Indian banks and financial institutions as on the date of filing before the NCLT.
Amazon invests Rs 11,400 crore in India in FY2019-20
The e-commerce giant has been investing millions of dollars towards promotions, building infrastructure and logistics as it woos customers to shop online, has seen its losses mount on account of higher expenses.
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