India’s crude oil imports from Iraq reached a 21-month high in January, driven by disruptions in US oil supplies due to increased freight rates amid the Red Sea crisis. Preliminary data from commodity market analytics firm Kpler reveals that Indian refiners did not receive any US crude in January, marking a departure from the average […]
On Monday, 05th February 2024 Sony expressed disappointment with the Singapore International Arbitration Centre’s (SIAC) decision not to prevent Zee from pursuing a case against Sony in the National Company Law Tribunal (NCLT) in India. Sony clarified that the SIAC’s decision was procedural, solely determining whether Zee Entertainment could proceed with its application at the […]
The Supreme Court, on February 5, reserved its judgment in an appeal lodged by the Indian Oil Corporation Limited (IOCL) against Arcelor Mittal Nippon Steel Limited (AMNS). The appeal pertains to the appointment of an arbitrator to oversee a dispute related to Essar Steel India Limited (ESIL), which was acquired by AMNS through the corporate […]
Solar energy solutions provider Alpex Solar Ltd has announced a price band of Rs 109-115 per share for its Rs 75-crore initial public offering (IPO). The IPO is set to open for public subscription on February 8 and will close on February 12. Prior to the public offering, there will be a one-day bidding session […]
In the upcoming financial year, the government is considering eliminating the flexibility for buyers and sellers to revise their output liability by locking invoices and removing the edit option, as revealed by Revenue Secretary Sanjay Malhotra. This proposal, aimed at enhancing compliance and combating fake invoicing, will be presented at the next GST Council meeting. […]
Paytm’s stock has faced a third consecutive day of decline, driven by concerns that the Reserve Bank of India is contemplating revoking the license of Paytm Payments Bank Ltd. The central bank has identified several lapses, including multiple transactions breaching regulatory limits, raising money-laundering concerns. This development adds to the mounting troubles at the once-celebrated […]
The Central Board of Direct Taxes (CBDT) has officially unveiled the income tax return (ITR) forms, specifically ITR-2 and ITR-3, for the financial year 2023-24 (assessment year 2024-25). The filing deadline for both ITR-2 and ITR-3 is scheduled for July 31, 2024. Taxpayers subjected to income tax audits with business income are required to submit […]
TVS Motor has reported a 23% surge in vehicle sales, reaching 339,513 units in January. In comparison, the company had achieved total sales of 275,115 units in the same month last year, according to a statement from TVS Motor. Two-wheeler sales experienced a 25% growth, escalating from 264,710 units in January 2023 to 329,937 units […]
India and Nepal have officially inked Memoranda of Understanding (MoUs) to undertake three High Impact Community Development Projects (HICDPs) in Nepal, totaling an estimated cost of NRs 122.52 million. These MoUs were signed between the Embassy of India and Nepal’s Ministry of Federal Affairs and General Administration. The three projects span the education, health, and […]
On Thursday, the United States approved the sale of 31 MQ-9B armed drones to India at an estimated cost of USD 3.99 billion. This acquisition will enhance India’s capabilities to address current and future threats by enabling unmanned surveillance and reconnaissance patrols in sea lanes of operation. The mega drone deal was announced during the […]