GST Intelligence’s First Digital Forensic Lab in Gujarat
The Directorate General of GST Intelligence (DGGI) is the apex intelligence and investigative agency for matters relating to violation of the Goods and Services Tax (GST). The DGGI has been detecting tax frauds to the tune of more than Rs. 1 lakh crore during the financial year 2022-23 and recovering more than Rs. 20 thousand […]
Paytm and Third-Party Banks: A Financial Services Expansion
Paytm Payments Bank Limited (PPBL), an associate of OCL (One 97 Communications Limited), has received RBI directions under section 35A of the Banking Regulation Act, 1949. The company has announced that it will expand its existing relationships with leading third-party banks to distribute payments and financial services products. RBI directions and user deposits According to […]
Global Business Centre of Japan’s Third Largest Financial Group in Chennai
Mizuho Financial Group, Japan’s third largest financial services company, has launched its Global Business Center in Chennai, Tamil Nadu, to boost its IT and banking operations. The center, which currently employs 250 staff members, is planned to expand to 1,000 employees by 2025. Why Chennai? Chennai is one of the leading destinations for global conglomerates […]
Flipkart’s Same-Day Delivery: Coming to 20 Cities
Flipkart’s Same-Day Delivery: Coming to 20 Cities Flipkart, India’s leading e-commerce platform, has announced that it will start offering same-day delivery service in 20 cities across the country from February. Customers who place their orders before 1 pm will receive their products before midnight on the same day. The service will cover various categories such […]
Best Agrolife Leads with ‘Warden Extra’ in India
Best Agrolife Ltd (BAL) is the first Indian agrochemical company to indigenously manufacture ‘Warden Extra’, a revolutionary product that combines fungicide and insecticide properties. Warden Extra is expected to boost crop production by protecting plants from diseases and pests. Warden Extra is a result of BAL’s innovative research and development efforts, which have received the […]
RBI Directs Paytm Bank: Stop New Customers from Feb 29
The Reserve Bank of India (RBI) has imposed additional restrictions on Paytm Payments Bank Ltd (PPBL) due to “persistent non-compliances” with the banking regulations. The RBI has ordered PPBL to stop accepting any deposits or credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024. The […]
Sealmatic: DGQA-Approved for Defence Applications
Sealmatic India Ltd, a leading manufacturer of mechanical seals and systems, has achieved a significant milestone in the defence sector. The company has recently received approval from the Directorate General of Quality Assurance (DGQA) for its products and processes for defence applications. What is DGQA? The Directorate General of Quality Assurance (DGQA) is an organisation […]
CII Launches Vikram Kirloskar Series on Green Themes
The Confederation of Indian Industry (CII) has launched a lecture series in memory of Vikram Kirloskar, a visionary leader who championed the cause of green mobility and green fuels in India. The series aims to provide a platform for industry experts, policymakers and researchers to share their insights and perspectives on the emerging trends and […]
ADB’s Rs 1,250 Cr Green Bonds Issued in Local Market
The Asian Development Bank (ADB) has issued its largest local currency green bond to date, raising Rs 1,250 crore (about $150 million) to finance renewable energy and green finance projects in India. The bond is structured as a 4-year currency-linked bond, with a bullet repayment at maturity and carrying a fixed interest rate of 6.72% […]
Zooom Resumes with Delhi-Ayodhya Flight; Eyes Expansion
Zooom, the domestic airline formerly known as Zoom Air, has resumed its operations in India after more than five years of hiatus. The airline launched its first passenger flight from Delhi to Ayodhya on January 31, 2024, using a Bombardier CRJ200ER aircraft. The flight marks the comeback of Zooom in the Indian aviation market, which […]