Walmart buys nearly 70% stake in Flipkart worth 15 billion dollars
The Deal between the country’s e-commerce website Flipkart and Walmart, the world’s largest retailer has reportedly been successful. It has been confirmed by SoftBank CEO Masayoshi Son. Earlier, there was a possibility that the acquisition agreement between Wal-Mart and Flipkart would soon be possible. The deal is about $ 15 billion. Wal-Mart More...
Rising crude oil prices push rupee to 15 month low against dollar
With the rise in crude oil price to $ 75 a barrel, the rupee fell to 67.13 against a dollar due to rising demand for the dollar. This is the lowest level of rupee in the past 15 months. Market sources said that More...
GoM will consider cess on sugar; digital payment will get 2% advantage: Jaitley
The 27th GST Council meeting has been completed. Finance Minister Arun Jaitley said that those who make cashless transactions will get a discount of 2 per cent. Though this exemption will upto a maximum of Rs 100. More...
GST Revenue collection in the month of April 2018 exceeds Rs. 1 Lakh Crore
The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) More...
RBI’s circular seeking ban on crypto currencies challenged in Delhi High Court
The Delhi High Court has sought the response of the Centre, the RBI and the GST Council on a plea challenging a circular which prohibits banks and financial institutions from providing any service in relation to More...
E-way bill to start in Uttarakhand from April 20 midnight
From midnight on the 20th of April ie Friday midnight the e-bill will be implemented for the transport of goods within the state. Now it is mandatory to create e-bill on the transport of taxable goods more More...
Government reviews the currency circulation in the country
There are reports of cash shortages and some ATMs running dry of cash or becoming non-functional in some parts of the country. There has been unusual spurt in currency demand in the country in last three months. More...
Amazon India lays off 60 employees; company says part of restructuring process
Leading e-commerce company Amazon has reduced the number of employees in India. The company has shown the way out of approximately 60 employees about a week ago. Following this step, Amazon is re-structuring its More...
ICICI imposed Rs 58.9 crore penalty by RBI for treasury violations
Reserve Bank of India (RBI) has fined ICICI Bank Rs 58.9 crore for violating norms relating to sale of government securities from the held-to-maturity category of its bonds portfolio. This is the highest penalty More...
Income tax offices to remain open on March 29 to 31 for return filing
Income Tax offices and Ayakar Seva Kendras (ASKs) will remain open during the March 29- 31 holidays to facilitate taxpayers in filing returns before the end of the current financial year. The last date for filing More...