BEST STORIES OF THE DAY
Govt won't be getting any cheque from Vodafone Idea today
Vodafone Idea informs DoT it won't make part payment today, Airtel may follow suit.
Govt mulls mediation to solve tax issues with companies
Mediation will allow taxpayers to get a fix on how much they need to pay and avoid disputes.
Five non-telecom PSUs seek clarity from SC on AGR order
Non-telecom public sector units GAIL India, Power Grid Corporation (PGCIL), Oil India (OIL) and two others are filing separate applications in the Supreme Court for clarification on applicability of its October 24 order on payment of licence fee dues.
Finance Ministry allows 3 last dates for filing GSTR-3B for different categories of taxpayers
The govt has eased filing of GST returns for taxpayers by allowing them to file in a staggered manner and has provided three dates for different categories of taxpayers.
Economic slowdown is just a challenge laced with promises
If history repeats itself, India can lead in restructuring the global economic order as circular economy gathers momentum.
Giving 10% stake for 20% more business is worth it: Zomato's Deepinder Goyal
"The idea is to only improve the quality of our business and Uber Eats was a step in that direction. It was not about buying a number three player, but buying a number one or number two is some cities where we were lagging behind," Goyal said.
IT rejigs its bills as deals dry up
Financial engineering has been an industry practice for long, but its nature is now changing.
Tata Motors unveils premium hatch, plans four more launches next fiscal
The company entered the 40,000-unit premium hatchback market with an all new Altroz to challenge Maruti Suzuki Baleno and Hyundai Elite i20. With this, the company expands its coverage to 70% of the Indian passenger vehicle market. The gap between Mahindra and Tata Motors is a massive 50,000 units so far this fiscal year.
Crude story: Oil demand rises 1.8% during April-December
“Severe winters in northern India and agitations in some states have disrupted normal economic activities,” the oil ministry’s monthly consumption review report said on December consumption. Sharp drop in the sale of diesel-fuelled vehicles, extended rain and preference for petrol vehicles weighed on diesel demand during the financial year, according to the report.
Banned cryptocurrency to uphold integrity of banking system: RBI
The central bank, through senior advocate Shyam Divan, argued that though there was no formal ban on cryptocurrencies under any law in existence in India, it had consistently been warning all those dealing with virtual currencies of the risks inherent in them.
Experts write to government on cyber fixes
Last year, the government said it planned to release a new Cybersecurity Strategy to keep up with the changing nature of technologies, platforms and threats. Technology policy think tanks and digital freedom advocates have written to the National Security Council Secretariat urging stronger encryption requirements.
Maintaining database: National Business Register on anvil
It will have a district-wise list of all enterprises and establishments dealing in goods or services.
Chanda Kochhar steps down as chairperson of Vadodara IIIT
“Chanda Kochhar has resigned. We will be processing it and move as per the laid down procedure to appoint the IIIT’s new chairperson,” a senior human resource development ministry official told. Kochhar had sent in her resignation to the ministry on Tuesday, people aware of the development said.
REL, RFL executives under EOW scanner
The agency said this in its chargesheet against Religare Enterprises’ former promoters Malvinder and Shivinder Mohan Singh, its former chairman Sunil Godhwani and two others, in a funds-misappropriation case filed by Religare Finvest.
DGCA starts training schools audit after more accidents
According to DGCA data, three reasons have been blamed for accidents at flying training institutes in the past four years. Data showed operational reasons account for 70% of the total accidents at flying institutes followed by 20% by engineering and the rest 10% for other reasons.
NBCC ready with backup plan if it doesn’t get Rs 750 cr for Jaypee
The National Buildings Construction Corporation (NBCC) in its resolution plan, had put in a condition saying that it has the right to withdraw from the process in case Rs 750 crore along with the interest is not made available to it.
CCIG asks departments to fill up 7 lakh vacant posts
“The Cabinet Committee on Investment and Growth in the meeting held on December 23, 2019 has directed to take time-bound action to fill up the existing vacancies in various ministries/departments,” stated the DoPT circular.
Ikea recalls 'Made in India' mugs due to excessive chemicals
The world’s top furniture co is trying to figure out how the product escaped its stringent quality control.
Government issues quality control orders on various steel items
The Department for Promotion of Industry and Internal Trade (DPIIT) has come out with two separate orders as per which substandard steel items and cables' imports will have to conform to the specified standards and bear the standard mark under a license from the Bureau of Indian Standards (BIS).
PMI Electro and BYD-Olectra bag most e-bus orders
Haryana-based PMI Electro Mobility Solutions, which has a technical tie-up with Chinese commercial vehicle maker Beiqi Foton Motors, has bagged contracts for about 750 electric buses in the tenders that have been finalised so far, the persons cited earlier told ET, requesting not to be named.
Isro to study tech needed to send Indians to moon
India’s plan to work on human moon mission comes at a time when there is revival of interest globally for a return landing of a human on earth’s satellite. US space agency National Aeronautics and Space Administration expects to return to the moon with a man-woman team in 2024.
Modi’s team promises new dawn in Kashmir outreach
Union ministers Ravi Shankar Prasad, Nityanand Rai, GK Reddy, Mukhtar Abbas Naqvi and Sanjay Dhotre met people at different places reiterating that the Valley should shun all negativity of the past and look forward to a new new sunrise under Narendra Modi government that would bring happiness to all residents.
Donald Trump repeats Kashmir mediation offer, India says it's a bilateral issue
India on Wednesday reiterated its stand on Kashmir and said the matter has to be addressed bilaterally following US President Donald Trump’s yet another offer to 'help' resolve the issue.
Shiv Sena plays ‘Ayodhya card’ ahead of Raj Thackeray’s relaunch bid
The announcement is designed and timed as part of the Shiva Sena’s plan to face MNS chief Raj Thackeray’s political relaunch bid on Thursday, the birth anniversary of Bal Thackeray. Raj is supposed to address a rally in Mumbai where he is expected to take a hard Hindutva stand and jibe at Sena’s recent split with BJP to align with NCP and Congress.
Mumbai to remain open 24x7 from Jan 27: Aaditya Thackeray
Noting that London's 'night economy' was five billion pounds, state Tourism Minister Aaditya Thackeray told reporters here after the Cabinet meeting that the government's decision could help generate more revenue and jobs, in addition to the existing five lakh people working in the service sector.