Photo: The Financial Express
The Supreme Court, on July 22, gave a major relief to Vodafone Idea by dismissing the plea by the Income Tax (IT) department which had challenged Bombay High Court's order for assessment year (AY) 2014-15 to return Rs 833 crore to the telecom company. The refund was held by the IT department with claims that the telecom company had huge outstanding dues.
Reliance Foundation Chairman Nita Ambani has announced that the business house will bear the full cost of the COVID-19 vaccination for its employees, their spouses, children, and parents. Informing via email, the non-executive director of… read-more
TAGS: Reliance Industries, Mukesh Ambani, nita ambani, Covid-19 Vaccination
According to Hurun Global Rich List 2021, India added 55 new entrepreneurs to the billion-dollar club, taking the total number to 209 despite pandemic-hit 2020. Breaking down the data, India produced nearly two billionaires each week last year in… read-more
TAGS: Hurun Global Rich List, Entrepreneurs, Instacart, Zerodha, Landmark
Flipkart on March 4 floated a new voice search feature on its platform, enabling customers to search products in Hindi, English, and Hinglish languages. The new feature aims to "make the digital commerce experience convenient, accessible and… read-more
TAGS: Flipkart, Voice Search, business, New feature
The Reserve Bank of India has requested banks to dilute their stake in the capital intensive insurance sector to 20%, reducing the limit to over half. The regulator urged banks to focus on the dominant area of business instead of the insurance… read-more
TAGS: RBI, India, Modi Government , Central Government, FDI, Insurance
The Azim Premji-promoted IT giant Wipro is all set to acquire British consultancy firm Capco in a $1.45-billion deal. Accounting for the highest investment in technology by the company, the deal will help Wipro gain over 30 new banking and … read-more
TAGS: Wipro, Software services, Capco, business
Reliance Jio has become the top bidder at the 2021 4G spectrum auction by acquiring the 488.35MHz band for Rs 57,122.65 crore. Becoming the largest holder in 2300 MHz and sub-GHz spectrum, Jio increased its spectrum footprint by 55%. Similarly,… read-more
TAGS: Jio, Reliance, Spectrum, 5G spectrum, Airtel, VODAFONE IDEA