India’s trade team has extended its stay in Washington to iron out differences as the two sides look to clinch a deal before a July 9 deadline when higher US tariffs are set to kick in, people familiar with the matter said. The in-person negotiations were initially supposed to run through June 27 but were…
New Delhi: Tata Steel said it has received a show cause-cum-demand (SCN) notice from tax authorities over an “alleged irregular availment of input tax credit” amounting to over Rs 1,000 crore between FY19 and FY23. The company said it has already paid a GST of Rs 514,19,36,211 in the normal course of business. Agencies Source…
Mumbai: State Bank of India (SBI) is set to undergo a digital transformation in FY26, led by the launch of a revamped Yono platform. Dubbed ‘Only Yono’, the new app will feature hyper-personalised user journeys and have biometric logins and multilingual support. The bank is also expanding paperless account opening through video KYC for sole…
Digital engineering solutions company Altimetrik is acquiring Bengaluru-based SLK Software to accelerate its goal of reaching $1 billion in annual revenue. The transaction remains subject to customary closing conditions. Financial details were not disclosed. Founded in 2000, SLK Software is a tech services provider focused on bringing AI, intelligent automation, and analytics together to create…
Zomato co-founder Deepinder Goyal is venturing into the regional aviation space with LAT Aerospace, a startup that aims to redefine short-haul air travel in India, according to a LinkedIn post by LAT co-founder Surobhi Das.“While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air…
Tata Steel has received a show cause-cum-demand notice from tax authorities over ‘alleged irregular availment of input tax credit’ (ITC) totalling over Rs 1,007 crore for the financial years 2018-19 to 2022-23, the company informed stock exchanges on Sunday.According to the notice dated June 27 from the Office of the Commissioner (Audit), Central Tax, Ranchi,…
A rising tide of protectionism is reshaping global trade, but it is not the end of globalisation—rather its rebirth, said Mahindra Group Chairman Anand Mahindra in his address to shareholders in the company’s 2024–25 annual report. Mahindra believes this transition offers India a unique opportunity to emerge as a new centre of gravity in what…
We take a look at the top three upcoming changes in train ticketing and what they mean for passengers: Indian Railways train ticket operations set for a major revamp: In a move aimed at enhancing comfort for passengers, Indian Railways is planning to gradually roll out three key changes to its passenger reservation system. The…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBICAP Securities, Apollo Hospitals Enterprise, and LT Foods are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon: Nifty View The…
Gold rate outlook: Gold prices are expected to remain subdued next week as investors await crucial US macroeconomic data, which may offer fresh signals on the Federal Reserve’s stance on interest rates, analysts said.Improving risk appetite and easing geopolitical tensions have reduced investor interest in traditional safe-haven assets like gold, pushing them towards riskier assets…
