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Category: Business Updates

Business Updates

Supreme Court stays Rs 21,000 cr GST notice to Gameskraft

August 7, 2020By businessreputationdata

Issuing notice to the company on the plea by the GST Directorate, a three-judge bench presided by Chief Justice of India D Y Chandrachud stayed the May 12, 2023, order of the HC.

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Business Updates

Air India enters into interline partnership with Bangkok Airways

August 6, 2020By businessreputationdata

Currently, Air India operates daily flights to Bangkok from Delhi and Mumbai, to Singapore from Delhi, Mumbai, and Chennai, and thrice a week to Hong Kong from Delhi.

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Business Updates

PM Modi, Google chief Sundar Pichai discuss firm’s manufacturing expansion

August 6, 2020By businessreputationdata

According to an official statement issued by the Indian government, the Prime Minister appreciated Google’s partnership with Hewlett Packard (HP) to manufacture Chromebooks in India.

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Business Updates

Citing mean income rise, PM says India making progress on equitable prosperity

August 6, 2020By businessreputationdata

Modi in his LinkedIn post also said that the SBI report shows that the smaller states, especially from the northeast, namely Manipur, Mizoram, and Nagaland, have “exhibited an admirable growth of over 20% in ITR filings in the last 9 years”.

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Business Updates

Social welfare spending of 11 states to hit 10-yr high of Rs 4 lakh crore

August 5, 2020By businessreputationdata

However, these do not include spending on education, agriculture, public health and other key sectors, which are budgeted separately, it said. “The revenue expenditure of states can be broadly divided into committed and non-committed,” Crisil said.

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Business Updates

E20 petrol already available at 1,350 fuel outlets, on track for pan-India rollout by 2025: Puri

August 4, 2020By businessreputationdata

Finance Minister Nirmala Sitharaman said the intent was not to end any industry linked to online gaming, casinos and horse-racing, but there was discussion on the moral question of whether these should be taxed at the same rate as essential items.

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Business Updates

IndiGo yet to get clarity from P&W on engine inspection schedule, likely impact

August 1, 2020By businessreputationdata

In July, P&W said that a powder metal defect could lead to cracking of some engine components in its geared turbofan engines for the A320neo aircraft, and called for accelerated inspections globally

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Business Updates

Indian-origin Vaibhav Taneja named Tesla CFO as finance chief Zachary Kirkhorn steps down

July 31, 2020By businessreputationdata

“This morning Tesla announced that I’ve stepped down from my role as Chief Financial Officer, succeeded by our Chief Accounting Officer, Vaibhav Taneja,” Kirkhorn said in a LinkedIn post.

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Business Updates

Housing sales up 8% in April-June period across 8 cities: Report

July 31, 2020By businessreputationdata

Housing sales rose 8 per cent annually during the April-June period to 80,250 units across eight major cities, mainly on increased demand in Mumbai and Pune, according to PropTiger.

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Business Updates

Tickets set to get cheaper as IndiGo withdraws fuel charge after fall in ATF prices

July 30, 2020By businessreputationdata

The fuel charge, which was introduced by the airline in early October 2023, has been removed with effect from Thursday.

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