E-Commerce Boost: Walmart’s $600 Million Infusion in Flipkart
Despite these strategic moves, Flipkart India Pvt Ltd reported consolidated losses of Rs 4,890.6 crore for FY23. However, its consolidated net income stood at a robust Rs 56,012.8 crore, indicating strong revenue generation.
RBI Sets New Standards in Banking with Cloud Technology
This initiative marks a significant step towards enhancing data security, privacy, and ensuring business continuity in the banking and financial institutions in India.
₹22,627 Crore Loan from Japan Paves Way for India’s High-Speed Rail Era
This development is a part of India’s broader National Infrastructure Pipeline (NIP), which now includes over 9,000 projects, with a total investment target of ₹108.88 lakh crore. The NIP encompasses both brownfield and greenfield projects, indicating a comprehensive approach to infrastructure development across the nation.
Chennai’s Oxyzen Express Raises $3 Million, Targets Express Logistics Sector
he startup has established a comprehensive pan-India network, covering over 10,000 pin codes, and caters to a diverse range of industry sectors including retail, pharma, FMCG, ecommerce, electronics, and automotive.
Ujjwala Scheme Boosts LPG Consumption: India’s Success in Affordable Cooking Gas
In late August 2023, the government slashed LPG prices by Rs 200 per cylinder for all domestic consumers. PMUY beneficiaries received an additional subsidy, bringing their total relief to Rs 400 per cylinder. The government also raised the subsidy for PMUY consumers from Rs 100 to Rs 300 per cylinder in early October.
Bima Vistaar: The Future of Insurance in India
Bima Vistaar is a significant part of the “Insurance Trinity,” which includes Bima Sugam, a one-stop digital platform, and Bima Vahak, a women-led field distribution force. These components are integral to IRDAI’s vision of achieving insurance for all by 2047, addressing gaps in product design, pricing, and distribution.
Ola Electric Sets the Pace with India’s First EV Maker IPO
Ola Electric, an emerging leader in India’s electric vehicle (EV) sector, is set to make a significant leap by filing for an Initial Public Offering (IPO) to raise ₹5,500 crore (approximately $662 million).
India Extends Duty Relief on Edible Oils and Lentils Until 2025
The Solvent Extractors’ Association of India (SEA) has estimated that India’s import of edible oils—palm, soybean, and sunflower—is expected to reach a record 17 million metric tons (MMT) in the current year.
Transforming Trade Settlements: SEBI’s Game-Changing T+0 Proposal
Initially, the T+0 settlement will be available for the top 500 listed companies based on market capitalization.
SAHAJ and SUGAM: Decoding CBDT’s Latest ITR Forms for Individuals and Businesses
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) for the Assessment Year (A.Y.) 2024-25.