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Sebi chief calls on Sitharaman

New Delhi, Mar 17 (PTI) Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday called on Finance Minister Nirmala Sitharaman. Buch is the first woman chief of Sebi. "Smt Madhabi Puri Buch, chairperson - Securities and Exchange Board of India (Sebi), calls on Smt @nsitharaman," Sitharaman's office said in a tweet. [...]

TCS bags multi-year deal from Australia’s Western Power

New Delhi, Mar 17 (PTI) IT major TCS has bagged a multi-year contract from Western Power, an Australian government entity, for digital transformation of its software system for delivery of cleaner and resilient energy supply to western Australia, the company said on Thursday. It did not provide any financial details about the deal.Under the multi-year [...]

Direct tax collection soars 48% in FY22, advance tax payment up 41%

New Delhi, Mar 17 (PTI) India's collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a 41 per cent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections. Net collections of direct taxes until March 16, [...]

Rupee jumps 37 paise to 75.84 against US dollar

Mumbai, Mar 17 (PTI) The rupee spurted by 37 paise to close at 75.84 against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness after the US Federal Reserve hiked rates. At the interbank forex market, the local unit opened at 75.96 against the greenback and witnessed an intra-day high [...]

IBM Consulting opens two new Client Innovation Centers in India

New Delhi, Mar 17 (PTI) IT company IBM has expanded the footprint of its Client Innovation Centers to 10 cities in India with the opening of new centres in Kochi and Coimbatore. IBM already has Client Innovation Centers (CICs) located in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region, Pune and Mysuru. "India is at [...]

IDFC First Bank MD & CEO gifts 5 lakh shares to kin of deceased colleague

New Delhi, Mar 17 (PTI) IDFC First Bank MD and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held by him to family members of a deceased colleague, as per a regulatory filing. Vaidyanathan had earlier too gifted his shares to staff members, including his trainer, househelp and driver, to help them [...]

Virescent Renewable Energy Trust completes acquires 100 pc stake in Godawari Green Energy

New Delhi, Mar 17 (PTI) KKR-sponsored Virescent Renewable Energy Trust (VRET) on Thursday said it has complete acquisition of 100 per cent stake in Godawari Green Energy Ltd (GGEL). "We are pleased to announce the acquisition of a 50-MW (megawatt) operating asset from Godawari Power and Ispat," the company said in a statement. GGEL operates [...]

Ola Electric to hike prices from next purchase window

New Delhi, Mar 17 (PTI) Ola Electric on Thursday said it will raise prices of S1 Pro scooter with effect from the next purchase window. The Bengaluru-based firm is slated to commence the next purchase window on March 17-18, coinciding with the Holi festival. "Thanks to all who've purchased S1 Pro already and special thanks [...]