Homegrown FMCG and Ayurvedic products maker Dabur, confirmed to have received a Goods and Service Tax (GST) demand notice of Rs 320.60 crore. The company will challenge the same based on strong merits by filing its reply before the relevant authorities, Dabur India said in a regulatory filing. “The Company has received intimation of tax ascertained as being payable under Section 74(5) of CGST Act, 2017," read an official statement.
Courtesy: News 18
A case of cyber fraud has come to light where a man lost ₹1.30 lakhs without sharing any OTP or clicking on any suspicious links. According to the FIR, Sabirali Ansari (47) a resident of Borivali West, is a sand cement shop keeper. He has two savings bank accounts. He had linked his Union Bank savings account with Google pay and Paytm for online transactions.
Courtesy: Free Press Journal
Tripura Chief Minister Biplab Kumar Deb has asked Bangladesh-based IT firms to invest in his state. While speaking at the very first edition of the Digital Bangladesh IT Summit. He stressed that technology-driven trade can help ease the bilateral ties between the two neighbouring countries. "Bangladesh IT companies are welcome to invest in Tripura, and (to) take advantage of the incentives offered by the government," he said.
Courtesy: Press Trust of India
The newly invoked non-compete clause by Infosys is not enforceable, according to several lawyers and recruiters. The clause prohibits new-comers from working on the same customer's projects across named rival companies for a certain phase of time since leaving the company. This move comes amid sky-high attrition. However, the IT giant has described this as a standard business practice, adding that it won't affect one's career growth.
Courtesy: Live Mint
This week's Indian markets Sensex and Nifty has hit a positive note all along the Russia-Ukraine conflict. The points started going higher with Infosys jumping to 2.65 %, Wipro to 2%. More of the banks and IT sectors had a high impact with the State Bank of India going up 2.57% to Rs. 482.50 and Axis Bank going up with 1.83% to Rs. 703.55.
Karnataka Government announced seed funding upto Rs 50 lakh for startups on January 16. Dr CN Ashwatha Narayan, the State Education Minister said, "The seed funding will be facilitated to additional 75 startups, to achieve the tally to 200 startups in the year". Addressing the National Startup Day, Narayan said, in 2021, Karnataka attracted Rs 1.60 lakh crore investment in 2021, 50% of India's entire investment from foreign companies.
The facebook-owned digital messaging platform, Whatsapp has evicted over 1 million Indian accounts within May 15- June 15 period. The app also recorded 345 grievance reports during the same time period. Reportedly, the majority of the accounts were banned for spamming users and automated messaging. Also, some accounts were banned for using provoking content. Every month, at least eight million accounts are disabled globally.
Courtesy: The Wire
Taiwanese hardware MNC 'Acer' has been hit by a dangerous ransomware attack, where the company is being demanded to pay $50 million to hackers. Taking responsibility, hacker group 'The REvil' have threatened to leak data including the company’s bank balance and financial spreadsheets. The hackers also gave a deadline till March 28 to fulfil all the duties or face bitter consequences. Believed to have seeped through Microsoft vulnerability,… read-more
Courtesy: News 18
Following the new IT rules, the Centre has recognised 50 lakh users under 'significant social media intermediary'. Reportedly, the users would have to comply to the new IT rules that eyes to crackdown misuse social media platforms. Earlier this week, the Centre urged these intermediaries to appoint designated officials. The government has laid down the rules that require social media giants to take down contentious content within 36 hours.… read-more
On September 3, the cabinet of Karnataka Ministry approved the new IT policy which paves way for 60 lakh jobs in the state. The IT policy 2020-25 aims at contributing 30% of the country’s trillion-dollar digital economy dream. Reportedly, the policy aims at retaining the state’s position in the field and encourage investments in the sector beyond Bangalore. Currently, Bangalore is the fourth largest technology cluster in the world.… read-more
Courtesy: Deccan Herald