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Category: Business Updates

Business Updates

29,273 bogus firms, GST evasion of Rs 44,015 crore detected since May ’23

October 20, 2021By businessreputationdata

In terms of fake firms per lakh registered firms, Haryana leads among the states/UTs with 81 bogus firms per lakh registered firms, followed by Delhi with 61 fake firms per lakh registered firms, Rajasthan with 59 such firms per lakh registered firms and Maharashtra with 54 fake firms per lakh registered firms.

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Business Updates

Videocon-ICICI Bank loan case: Sufficient material to substantiate allegations against Chanda Kochhar, others, says court

October 20, 2021By businessreputationdata

As per assessments by leading pricing firms Argus Media and S&P Global Platts, Urals crude topped the key price level of $60 per barrel this week.

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Business Updates

HCLTech bags contract from Siemens to drive cloud-led digital transformation

October 20, 2021By businessreputationdata

According to a release, HCLTech will focus on automating the public cloud environment while adhering to Siemens’ security standards.

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Business Updates

From capital to people, a lot at stake for India Inc in Israel-Palestine conflict

October 18, 2021By businessreputationdata

Over 1,600 people have been killed so far since the escalation of conflict on Saturday, including 900 Israelis, and nearly 770 Palestinians in Gaza.

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Business Updates

ITC share extend fall on plan to keep hotel business stake post spinoff

October 18, 2021By businessreputationdata

Western sanctions over Russia’s invasion of Ukraine, including the $60 a barrel price cap on Russian crude exports and the European Union’s import ban, have forced the Kremlin to change the way it taxes oil sales.

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Business Updates

Zomato introduces open food trends data analysis platform to aid restaurant partners

October 18, 2021By businessreputationdata

Giving a comparison of the tax rates of various goods pre and post-GST rollout, the government said from streamlining processes to boosting investments, GST has been a catalyst for progress.

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Business Updates

Gold Silver Rates Today: Gold firm as US Fed keeps rates unchanged; silver jumps Rs 700/kg

October 17, 2021By businessreputationdata

The prices of 10 gram of 24-carat gold rose by Rs 110 to Rs 61,640, while that for 22-carat gold, the rates jumped by Rs 100 to Rs 56,500.

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Business Updates

Age factor: Two proxy advisory firms oppose Anant’s appointment on RIL board

October 17, 2021By businessreputationdata

The firm has backed the board appointments of Isha and Akash Ambani on the board, the report said.

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Business Updates

AMD to invest $400 mn in India over 5 years for its biggest design centre

October 16, 2021By businessreputationdata

The government has approved a Rs 19,744-crore incentive plan to promote the manufacturing of green hydrogen in the country in a bid to cut emissions.

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Business Updates

India’s imports of Saudi oil in September slump to a multi-year low

October 16, 2021By businessreputationdata

Currently, Saudi Arabia is the third-biggest supplier of crude oil to India, behind Russia, the top supplier, and Iraq. Traditionally, Riyadh used to be New Delhi’s second-biggest source of crude after Baghdad.

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