New Delhi, Apr 4 (PTI) The Ras Al Khaimah Tourism Development Authority, representing the Northern Emirate of Ras Al Khaimah in the UAE, kicked off a roadshow here on Monday.The roadshow is aimed at showcasing key highlights and upcoming tourism developments in Ras Al Khaimah to attract more travellers from India. "In this roadshow, we [...]
New Delhi, Apr 4 (PTI) In efforts to reduce the compliance burden and make assessments more objective, Competition Commission of India (CCI) has revised the long form format for submission of details related to mergers and acquisitions. Under the Competition Act, Mergers and Acquisitions (M&As) or combinations beyond a certain threshold require approval from the [...]
New Delhi, Apr 4 (PTI) Federal Bank on Monday said its gross advances during 2021-22 rose by 9.5 per cent to Rs 1,47,644 crore, while total deposits grew by over 5 per cent during the year. The gross advances as of March 31, 2021 was at Rs 1,34,877 crore, Federal Bank said in a regulatory [...]
New Delhi, Apr 4 (PTI) The government has notified income tax returns form to be filled by trusts, charitable organisations and political parties for 2021-22 fiscal, in which assessees will be required to specify additional details of registration under any law other than the I-T Act.A new field is added in the ITR-7 form, seeking [...]
Chandigarh, Apr 4 (PTI) Punjab cooperation minister Harpal Singh Cheema on Monday announced the setting up of a task force which will work out a comprehensive plan to raise the income of sugarcane farmers. Cheema who also holds the finance portfolio said that representatives from the Punjab Agricultural University, Ludhiana, Indian Council of Agricultural Research, [...]
New Delhi, Apr 4 (PTI) Leading multiplex operators Inox Leisure and PVR, which had announced their merger last month, have a combined pipeline of 2,000 screens and aim to double this size in next seven years, entailing an investment of Rs 4,000 crore. The merged entity would invest capex of Rs 2.5 crore per screen [...]
Hyderabad, Apr 4 (PTI) With the WHO announcing the suspension of Covaxin supply through UN procurement agencies, Bharat Biotech sources on Monday said the pharma company has not supplied the COVID-19 vaccine to any UN agency and no impact of the suspension would be felt. So far, sources said, the firm has supplied vaccines to [...]
Mumbai, Apr 4 (PTI) India's largest private lender HDFC Bank on Monday agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan in the largest deal in the country's corporate history. The proposed entity will have a combined asset base of around [...]
New Delhi, Apr 4 (PTI) A Parliamentary panel has urged the government to release an advance amount of Rs 5 crore each to parliamentarians this fiscal under the MPLAD scheme for 2023-24 to enable them to complete the projects.The Member of Parliament Local Area Development (MPLAD) scheme was suspended during the COVID-19 pandemic for two [...]
Competition Commission on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. The order has come on a complaint filed by the National Restaurant Association of India (NRAI). The watchdog's probe arm -- Director General (DG) -- will investigate [...]
