BUSINESS
Tatas back in race for stake in Air India
According to highly placed sources, Tata Sons which owns the industrial conglomerate Tata Group will send in a direct EoI to buy out the government's stake in the airline. Speculations have been rife over several months regarding Tata's interest in their erstwhile airline.
Ola to invest Rs 2,400Cr for scooter factory in TN
The Bengaluru-headquartered company said it signed a memorandum of understanding (MoU) with the Tamil Nadu government for setting up the factory which is in line with the firm's aim to make India a manufacturing hub for electric vehicles.
Inflationary woes: India's WPI rises to 1.55% in Nov
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.
Bharti AXA General posts Rs 95 cr profit and Rs 1,574 cr premium income in H1FY21
Even in the Covid crisis and the subsequent challenging times, the company managed to improve productivity in most business lines and channels and achieve high double-digit growth in the health and personal accident segment, commercial lines, and crop insurance in the first half of this fiscal.
United Airlines launches new daily Delhi-Chicago non-stop service
Accordingly, these daily flights will be operated by a Boeing 787-9 Dreamliner aircraft. "With the introduction of this new route, United will operate four daily non-stop flights from India," the airline said in a statement.
Airstrike: Airlines gear-up to deliver Covid a vaccine blow
The industry is expected to play a vital role in the country's impending anti-Covid offensive via vaccines. Already at an advance stage of planning, the industry and especially its leading players have formed dedicated teams, new specialised logistical arms to safely and efficiently transport veils across India and potentially around the world.
Consultations before show-cause notice to be pursued by GST officers
The Central Board of Indirect Taxes and Customs (CBIC) has clarified that such consultations with the assessee, prior to issuance of show-cause notice (SCN) in case of demands of duty is above Rs 50 lakh (except for preventive/offence related SCNs), is mandatory and shall be done by the SCN-issuing authority.
Depreciation risk rises for rupee, as oil prices soar
Accordingly, other factors like failure of Brexit talks as well as changes in the US Fed's stand might the downside risks. "We expect the rupee to trade strong till the time equity flows are robust," said Sajal Gupta, Head, Forex and Rates, Edelweiss Securities.
More upswing expected as PSUs', FMCG stocks to rule the roost
Accordingly, market observers contend that rising foreign fund inflows along with better-than-expected macro-economic figures will give a further push to the domestic market, which has already reached record levels.
NAA finds McDonald's franchisee Hardcastle guilty of profiteering
In its final order on the matter given on December 9, the NAA has held that Hardcastle Restaurants had resorted to profiteering by charging more price for some of its products even though GST on it reduced from 18 per cent of 5 per cent without input tax credit (ITC) with effect from November 15, 2017.
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