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NEWSALERT

Rs 5,000 cr proposed for recapitalisation of state insurance companies in third batch of supplementary demands for grants: FM in Rajya Sabha. PTI MBI ANZ MR MR

CtrlS ceremonial groundbreaking kicks-off construction of its third hyperscale data center in Hyderabad

HYDERABAD, India, March 21, 2022 /PRNewswire/ -- CtrlS - Asia's largest rated-4 hyperscale data center has performed a ceremonial groundbreaking ceremony kicking-off construction of its third hyperscale data center in Gachibowli, Hyderabad. The data center will be spread across 131,000 square feet equipped with 1,600 racks powered by 18MW of electricity. The groundbreaking ceremony was [...]

Tax rich, big players more to increase revenue: Congress Rajya Sabha MP

New Delhi, Mar 21 (PTI) Congress Rajya Sabha member Shaktisinh Gohil on Monday asked the government to tax the rich and big players more to increase revenue but spare the poor and the middle class who have been hit hard by the coronavirus pandemic. Taking part in a discussion on Appropriation Bills in the Upper [...]

NEWSALERT

Devolution of state share in central taxes put at Rs 8.17 lakh cr in FY23, revised estimate of Rs 7.45 lakh cr for FY22 already released: FM. PTI MBI ANZ MR MR

NEWSALERT

Govt has borne higher cost of urea, not passed it on to farmers: FM Nirmala Sitharaman in Rajya Sabha on excess spending approval sought. PTI MBI ANZ MR MR

NEWSALERT

RBI Governor says the economy is better placed to deal with new headwinds given high forex reserves and low current account gap. PTI HV BEN MR
PhonePe announces acquisition of GigIndia

PhonePe announces acquisition of GigIndia

Digital payments platform PhonePe on Monday announced that it has acquired GigIndia, a network for freelance micro-entrepreneurs. As part of the acquisition, GigIndia, which has 1.5 million entrepreneurs and over 100 enterprises as customers, will integrate with PhonePe, the company said in a statement. It did not divulge the size of the buyout. PhonePe would [...]

Crypto mining cost not to be allowed as deduction under I-T Act: FinMin

New Delhi, Mar 21 (PTI) Infrastructure cost incurred in the mining of cryptocurrencies or any virtual digital assets will not be allowed as deduction under the income tax act, Minister of State for Finance Pankaj Chaudhary said on Monday.In a written reply to the Lok Sabha, Chaudhary said the government will come out with a [...]