Protean eGov Technologies has received a massive Rs 1,160 crore order from UIDAI. In an exchange filing, the company said on Monday that it has received the order from the Unique Identification Authority of India (UIDAI) to establish and run district-level Aadhar Seva Kendra in 188 districts across India. Protean eGov Technologies said that the
In a move that will help long-term investors, who want to save on capital gains tax while trading, discount broker Zerodha has allowed its users to open a secondary demat account. The basic idea is to manage long-term investment and short-term trade by applying the first in first out (FIFO) option to each account. Solution
The Central Bureau of Investigation (CBI) on Saturday registered a case against industrialist Anil Ambani and carried out searches at his residence as well as the premises of Reliance Communications Ltd. in connection with an alleged bank fraud that caused a loss of over ₹2,929 crore to the State Bank of India (SBI). ALSO READBank
After being formally separated from gambling-based segments, esports are now eyeing towards becoming a far more attractive proposition for mainstream corporate sponsors and institutional investors. Esports’ Rise vs. RMG’s Decline Esports, which traditionally depends on sponsorships and media rights, is now expected to grow fan-led monetisation through event ticketing, merchandise and digital engagement. Big brands
After the government unveiled a sweeping ban that could wipe out their businesses overnight, a shell-shocked online gaming industry has requested the government to reconsider and take a more calibrated stance on banning real money gaming (RMG). Some are also weighing the option of taking legal recourse. The Esports Players Welfare Association (EPWA) on Wednesday
At Shingora Textiles, a cloth manufacturing unit situated in an industrial cluster on the outskirts of Ludhiana, a group of workers are at work. They are handling a large weaving machine that churns out “performance fabrics.” These are materials that go into making clothing items that are resistant to gases, water, and chemicals. There are
Indian Oil has signed a Memorandum of Understanding (MoU) with Air India to supply Sustainable Aviation Fuel (SAF). The order comes after Indian Oil received the necessary certification for SAF production at its Panipat Refinery, becoming the first Indian petroleum company to receive such certifications from the International Civil Aviation Organisation. Indian Oil and Air
Amid the rising pressure on India from the United States to cut oil imports from Russia, Indian Oil Corporation said that the company will continue to buy Russian oil. The state-owned petroleum company said that the company has taken a business decision as it heavily relies on Russian Oil. The United States and President Donald
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
