NEW DELHI: On Wednesday, the Income Tax (TI) department extended the ITR filing deadline for fiscal year 2019-20 (financial year 2018-19) from September 30 to November 30 due to the situation of Covid-19. The IT department took to Twitter and wrote: “Following further consideration of the genuine difficulties taxpayers face …
Read More »Abu Dhabi Mubadala In Advanced Talks To Invest Up To $ 1 Billion In Reliance Retail: Report
NEW DELHI / DUBAI: Abu Dhabi State Fund Mubadala Investment Co is in advanced talks invest up to $ 1 billion in the retail division of Reliance Industries Ltd of India, two sources told Reuters, as investor interest in the Indian company increases. Reliance Retail is on a fundraising spree …
Read More »Coronavirus Vaccine: Serum Institute to Increase Production of Covid-19 Vaccine Doses to 200 Million | India Business News
BENGALURU: Serum Institute of India will produce up to 200 million doses of Covid-19 vaccine for the poorest countries, including India, next year as the Bill and Melinda Gates Foundation and the GAVI vaccine alliance have doubled their funding, he said the company on Tuesday. The additional funds will help …
Read More »Lufthansa cancels all flights to India from September 30 to October 20
NEW DELHI: A disagreement between India and Germany on the question of flights being operated under the air bubble of the two countries has led Lufthansa cancel all of its planned flights to India that were supposed to operate from Wednesday (September 30) to October 20. The mega-airline says the …
Read More »Mukesh Ambani’s Wealth Soars 73% to Rs 6.58 Lakh Crore; Adani rises in the net worth ranking
MUMBAI: The Personal Net Worth of the President of Reliance Industries Mukesh Ambani it rose by 73 percent to Rs 6.58 lakh crore, helping it retain the title of being the richest Indian for the ninth year in a row by a wider margin, according to a report released on …
Read More »Walmart Seeks Up to $ 25 Billion Investment in Tata Group’s ‘Super App’: Report
BENGALURÚ: Walmart Inc is in talks with the Tata Group for a possible investment of up to $ 25 billion in the salt-to-software conglomerate’s new “super app”, a newspaper reported Tuesday, citing people familiar with the matter. Based on ongoing discussions between the two companies, the super app could be …
Read More »GST Compensation Cessation: GST Cessation Temporary Withholding Pending Reconciliation, Diversion No: Ministry of Finance
NEW DELHI: Ministry of Finance sources have refuted the Comptroller and Auditor General’s (CAG) audit finding that the central government wrongly withheld Rs 47,272 crore of GST compensation cease intended for states, to say that temporary retention cannot be classified as a deviation. Days after the CAG indicated that the …
Read More »Anil Ambani tells UK court that he is a ‘man of simple tastes’ who drives a car
Industrial Anil Ambani on Friday he claimed that he was a “simple man of simple tastes”, living a modest life devoid of any extravagance The times of India reported. The industrialist said in a UK court that he had “nothing significant” and that the exaggerated perceptions of his lavish lifestyle …
Read More »Messages are end-to-end encrypted, WhatsApp says amid alleged leaks
NEW DELHI: WhatsApp on Friday it said that messages sent on its platform are end-to-end encrypted and only the recipient of a message can read the content. The statement comes at a time when WhatsApp chats of Bollywood actors on drugs were allegedly leaked and raised concerns among WhatsApp users …
Read More »Vodafone wins Rs 20,000 arbitration against India
NEW DELHI: global telecommunications giant Vodafone has won a long-pending arbitration against India with the Permanent Court of Arbitration in Hague ruling that the tax authorities had violated the provisions of the Bilateral Investment Treaty with the Netherlands by retroactively amending the law to require more than Rs 20 billion …
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