by PTI News | Feb 24, 2022 | 12:13 am | Economy, News
Ahmedabad, Feb 23 (PTI) The chairman of a Bhavnagar-based firm was arrested on Wednesday by the state Goods and Services Tax (GST) department with the help of the Gujarat Anti-Terrorist Squad (ATS) in a case of using fake invoices of Rs 762 crore to claim fraudulent input tax credit of Rs 137 crore.The state GST [...]
by PTI News | Feb 23, 2022 | 11:30 pm | Economy, News
New Delhi, Feb 23 (PTI) With the arrest of three people, the CGST on Wednesday unearthed a cartel allegedly running 54 bogus firms registered in the Delhi-NCR region that were engaged in fake invoicing and circular trading, a statement said. The Delhi South, Central Goods and Services Tax Commissionerate received a tip-off that certain bogus [...]
by PTI News | Feb 23, 2022 | 10:45 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Sweden-based IKEA, the world's leading home furnishing retailer, on Wednesday announced the appointment of Susanne Pulverer as its first woman chief executive officer (CEO) and chief sustainability officer (CSO) for its India business. Pulverer will replace the outgoing IKEA India CEO and CSO Peter Betzel, IKEA said in a statement. [...]
by PTI News | Feb 23, 2022 | 10:37 pm | Economy, News
New Delhi, Feb 23 (PTI) The corporate affairs ministry has directed Registrar of Companies (RoCs) and Regional Directors to enter all complaints received against companies and LLPs on the ministry's electronic registry. Once a complaint is entered in the registry, then a Service Request Number (SRN) will be generated and the same has to be [...]
by PTI News | Feb 23, 2022 | 10:29 pm | News
IndiGo to start Pantnagar-Dehradun flight services from Mar 27 Mumbai, Feb 23 (PTI) Budget-carrier IndiGo expanded its regional flights network, adding services to Pantnagar in Uttarkahand from Dehradun and to Delhi, starting March 27, according to a statement released on Wednesday. IndiGo said it will operate exclusive direct flights from Pantnagar to Dehradun and new [...]
by PTI News | Feb 23, 2022 | 10:25 pm | Economy, News
New Delhi, Feb 23 (PTI) Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Wednesday reviewed the performance of Dredging Corporation of India and exhorted its employees to work as a team for meeting the expectations of the country. The minister noted that DCI is a very important organisation in the maritime sector and [...]
by PTI News | Feb 23, 2022 | 10:19 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) British telecom giant Vodafone Plc is in discussions to sell around five per cent stake in telecom infrastructure company Indus Towers Ltd to Bharti Airtel, according to industry sources. Vodafone Plc is also planning to sell 2.4 per cent stake worth Rs 1,490 crore in Indus Towers through a block [...]
by PTI News | Feb 23, 2022 | 10:16 pm | Economy, News
Mumbai, Feb 23 (PTI) China's dominance in the global supply-chain is a "worrying" factor as it can control pricing of most of the commodities and products, Bharat Forge Chairman and Managing Director Baba Kalyani said on Thursday. Speaking at a virtual session at the MEA-PIC Asia Economic Dialogue 2022, hosted by Pune International Centre (PIC), [...]
by PTI News | Feb 23, 2022 | 10:04 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Welspun India on Wednesday said it plans to raise Rs 500 crore by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis. Its board in its meeting on Wednesday "approved raising of funds, by way of the private placement, up to Rs 500 crore, inter alia, by [...]
by PTI News | Feb 23, 2022 | 9:59 pm | Corporate Action, News
New Delhi, Feb 23 (PTI) Electrical consumer durables company Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday announced to acquire a majority stake of 81 per cent in Butterfly Gandhimathi Appliances for a total consideration of Rs 2,076 crore. Tamil Nadu-based Butterfly Gandhimathi Appliances operates in kitchen and small domestic appliances and the deal will [...]
