Piramal Alternatives plans to raise $1 billion
Piramal Alternatives plans to raise $1 billion through multiple funds in its portfolio from a group of global investors, seeking to tap into the increasing local appetite for cash as…
Auto-debit bounce rates ease to over 3-year low in May
According to data released by the National Payments Corporation of India (NPCI), of the 101.8 million debit requests made in May over the NACH platform, 29.5 million bounced. In terms…
10 documents taxpayer needs to file income tax returns
The income tax department has been making efforts to improve the process of filing income tax return (ITR) easier. This is being done by offering pre-filled ITR forms. Individuals can…
Income Tax portal faces glitch on first anniversary, Infosys told to fix issue
The income-tax department has asked InfosysNSE 1.00 % to look into technical glitches reported by some users, including malfunctioning of search function in the income-tax portal, during e-filing of tax…
Centre working on GST dispute resolution system
The finance ministry is working on a detailed mechanism that can resolve goods and services tax (GST) disputes raised by states while avoiding distortions in the tax regime. The mechanism…
Income Tax & GST Compliance Calendar for June 2022
Adhering to tax-related compliance proposed by the Indian government is mandatory for taxpayers in India. Such compliance also inculcates adhering to the due dates of GST return filing View the…
Logistics cos Delhivery, Ecom Express in tussle with aggregators over shipment rates
Bengaluru: The battle between large logistics companies and online logistics aggregators has intensified since ET reported last month that three of the largest ecommerce-focussed logistics players – Delhivery, Ecom Express…
Tata in acquisition talks with as many as five consumer brands
Tata Consumer ProductsNSE 2.17 % Ltd., the food and beverage arm of the $103 billion Indian conglomerate, wants to go on an acquisition spree to bolster its position in the…
Amazon Reports $3.84 Billion Loss in Q1 2022 From Online Business, Rivian Investment
Most of Amazon’s losses were from an investment in electric vehicle manufacturer Rivian. Amazon delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher…
Paytm Mall announces pivot to ONDC as its primary focus; to explore export opportunities
This move enables the company to create a long-term sustainable business in partnership with ONDC, which aims to democratize the purchase and sale of goods in the Indian market, driving…