BUSINESS
GSTN launches ‘Communication between taxpayers’ on its portal
The new functionality will provide a communication platform for taxpayers wherein a purchaser or recipient can ask his suppliers to upload any particular invoice/s that has not been uploaded but is required by the purchaser to avail input tax credit (ITC).
Kanti Commercials-led consortium puts in EoI for Air India
Kanti Commercials Private Ltd is a private company incorporated on April 1, 2003. It is classified as non-government company and is registered at Registrar of Companies, Delhi. Its authorised share capital is Rs 1.3 crore and its paid up capital is Rs 13.54 lakh.
Amazon Web Services comes forward to help India chart its new space journey
For Teresa Carlson, Vice President for Public Sector and Regulated Industries, AWS, the new vertical will bring AWS services and solutions to the space enterprise and India is on their priority list as the country opens up the space sector for the private players and startups.
Inflationary Woes: India's WPI rises to 1.55% in November
On a sub-segment basis, prices of manufactured items remained at elevated levels with a rise of 2.97 per cent from 2.12 per cent reported for September and (-) 0.84 per cent recorded during October 2019. Similarly, the prices of fuel and power with a weightage of 13.15 per cent rose by (-) 9.87 per cent to (-) 10.95 per cent in October 2020.
November retail inflation eases to 7%, food prices cool down
As per the data furnished by the National Statistical Office (NSO), CPI Urban rose to 6.73 per cent in November from 7.33 per cent in October, while CPI Rural increased to 7.20 per cent last month from 7.75 per cent in October. The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.
Jio writes to TRAI, blames rivals for spreading rumours, Airtel rebuts
The farm bills which the government says would bring in reforms to Indian agriculture have resulted in widespread protests among the farmers. Farmers from Punjab, Haryana and Uttar Pradesh are protesting over the past few weeks at the borders of the national capital.
Crisil revises India's GDP contraction to 7.7 pc in FY21
A Crisil research report said on Monday that India's fiscal 2021 real gross domestic product (GDP) will now contract by 7.7 per cent as against a contraction of 9 per cent forecast in September. A faster-than-expected revival in activity in the second quarter, which continues into the festive season, is one of the reasons for the revision.
Fund influx, economic recovery pushes markets to new closing high
Foreign investors pumped in liquidity worth Rs 2,264.38 crore on Monday as they eye prospects of a faster economic recovery in India amid subsiding Covid-19 cases. After remaining sideways for the better part of the trading session, the NSE Nifty50 closed at a new record high of 13,558 points, and similarly, the S&P BSE Sensex ended at 46,253 points.
Tata vs Mistry: CJI says son appeared for SP Group, lawyers say continue hearing
At the beginning of the matter, the Chief Justice said that over the weekend, he had discovered that his son, who is practicing in Mumbai, has been appearing for a subsidiary of SP Group, and asked lawyers appearing in the matter whether they have any objection if he continues to hear the matter.
Air India receives multiple expressions of interest for strategic disinvestment
Other bidders in the fray are a group of 209 Air India employees who have submitted an expression of interest for the national carrier in partnership with a private financier. The bid process is being led by Meenakshi Mallik, who is the current Commercial Director at Air India.
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