GST evasion detection by tax officers almost doubled year-on-year to over Rs 1.01 lakh crore in the just concluded 2022-23 fiscal, an official said. During the last fiscal, a recovery of Rs 21,000 crore was made by the officers of the Directorate General of GST Intelligence (DGGI). The official said the government is taking steps [...]
HDFC Bank on Thursday said it has appointed Kaizad Bharucha as deputy managing director and Bhavesh Zaveri as executive director for three years. These appointments have been made after clearance from the Reserve Bank of India, HDFC Bank said in a regulatory filing. The RBI, in its communication dated April 19, 2023, has approved the [...]
To expand its presence in the fast-growing food market, Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins, a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand. Part of Azim Premji-led Wipro Enterprises had forayed into the foods segment six months before with the acquisition of the Nirapara brand -- known for [...]
Fortis Healthcare on Thursday said it has inked a pact with the VPS Group to acquire Manesar-based Medeor Hospital for Rs 225 crore. The healthcare major said it has signed definitive agreements to acquire Medeor Hospital for an overall purchase consideration of Rs 225 crore. The hospital has a potential capacity of 350 beds and [...]
Oriana Power on Thursday announced commissioning of a one megawatt peak (MWp) floating solar power project in Rajasthan. The project has been commissioned for Udaipur Cement Works Limited (UCWL), a subsidiary of JK Lakshmi Cement, at its Dabok mine in the state. According to the company, the project will generate approximately 1.7 million units of [...]
Integrated power company Tata Power has partnered with the Coimbatore municipal corporation to install 20 public electric vehicle charging stations in the textile city, the company said on Thursday. With the installation of 20 public EV chargers, the total EV charging stations set up by Tata Power in Tamil Nadu would increase to 116. The [...]
Natco Pharma Ltd on Thursday said its board has approved setting up of a subsidiary in Indonesia with an investment of up to USD 3 million (nearly Rs 25 crore) for selling pharmaceutical products in that country. The new subsidiary -- PT. NATCO Lotus Farma -- will be a joint venture with Natco holding 51 [...]
Hospitality technology firm OYO on Thursday said it will add 50 new properties in Ayodhya in 2023 under a collaboration with Ayodhya Development Authority and Uttar Pradesh State Tourism Development Corporation. Out of the 50 new properties to be added in Ayodhya, about 25 will be homestays run by homeowners and 25 will be small [...]
Most of the stores of quick commerce player Blinkit have resumed operations after being affected by strike of delivery partners, according to a regulatory filing by Zomato. Blinkit, formerly known as Grofers India, was acquired last year by Zomato. Recently the operations of the platform were affected by the strike of delivery partners who were [...]
Intellectual property theft, information and cyber security threats and accidents have been ranked as the top three threats in India by the industry in a risk survey, according to a FICCI report. Also, 'threat to women safety' risk has jumped from 12th place in 2021 to 5th place in 2022 India Risk Survey, the report [...]
