GSTN: Submit Bank Details in 30 Days to Avoid Suspension
The GST Network (GSTN) has issued an advisory to GST-registered businesses to furnish their bank account details within 30 days of grant of GST registration or before the due date of filing GSTR-1/IFF, whichever is earlier, to avoid suspension of their GSTIN. Why is it important to submit bank account details? According to the GST […]
ZEEL Fights Sony’s Merger Termination in NCLT Court
Zee Entertainment Enterprises Ltd (ZEEL) has filed a petition in the National Company Law Tribunal (NCLT) against Sony Group for terminating the merger deal between the two media giants. ZEEL has denied any breach of obligations and has contested Sony’s claim for a $90 million termination fee. ZEEL has also sought directions from the NCLT […]
Drone Startup Squadrone Partners with Geodia Industries
Bengaluru-based drone startup Squadrone Infra and Mining has announced a strategic partnership with Geodia Industries, a leading company in AI and ML-driven exploration technology. The collaboration aims to tap into the lucrative market of mineral exploration in India, Middle East, and South Asia, and to leverage state-of-the-art technology for sustainable development and innovation. Squadrone Infra […]
TVS’s Rs 1,000 Crore Investment in Capex
TVS Motor, the second largest two-wheeler maker in India, has announced that it will invest Rs 1,000 crore in capex for both electric vehicle (EV) and internal combustion engine (ICE) products in the financial year 2023-24. The company also plans to spend another Rs 1,000 crore on subsidies and acquisitions, including its premium motorcycle brand […]
CPCL and IIT-Madras Collaborate for Green Hydrogen Production
CPCL, a subsidiary of Indian Oil Corporation, has partnered with IIT-Madras to produce green hydrogen from seawater using renewable energy sources. The project aims to cover the entire value chain of hydrogen, from generation to utilization, and reduce India’s dependence on fossil fuels. Green hydrogen is a clean and sustainable alternative to conventional hydrogen, which […]
Madras High Court’s Clarification on GST for Gift Vouchers
The Madras High Court has clarified the GST implications of gift vouchers issued by Kalyan Jewellers. The court held that gift vouchers are actionable claims and not taxable unless they are for specified goods and value. Gift vouchers are popular instruments for gifting and purchasing goods and services. However, their taxability under the Goods and […]
Annapurna Finance Sells 10.4% Stake to Piramal Enterprises
Piramal Enterprises Ltd, the financial services arm of the Piramal Group, has announced that its wholly-owned subsidiary Piramal Alternatives Trust (PAT) will acquire a 10.4% stake in Annapurna Finance Pvt Ltd (AFPL) for Rs 300 crore. The deal will be done through a combination of purchase of equity shares and subscription to optionally convertible debentures. […]
General Insurance Council’s Campaign for Cashless Hospitalisation
The General Insurance Council, the representative body of non-life and health insurance companies in India, has launched a campaign called ‘Cashless Everywhere’ on January 24, 2024. The campaign aims to provide cashless hospitalisation to policyholders even in non-empanelled hospitals across the country. This is expected to ease the financial burden of policyholders, increase their choice […]
Pension Authorities to Ensure 100% Digital Life Certificate Submission
The Department of Pension & Pensioners’ Welfare has launched a nationwide Digital Life Certificate (DLC) Campaign 2.0 from 1st to 30th November, 2023, to facilitate the submission of Jeevan Pramaan by Central Government pensioners. The campaign aims to enhance the ease of living for pensioners and reduce their hardships in obtaining the life certificate. What […]
Lentil Gets Highest MSP at Rs 425 per Quintal: Cabinet Decision
Lentil, also known as masur, is one of the most important pulse crops in India. It is rich in protein, iron, and dietary fibre, and contributes to food security and nutrition. India is the second-largest producer of lentil in the world, after Canada, and accounts for about 25% of the global production. The Indian government […]