Shriram Group receives RBI nod for merger of financial services business
The Shriram Group has secured RBI approval for the merger of Shriram City Union Finance NSE 0.63 % and Shriram Capital Ltd with Shriram Transport Finance Company NSE 0.06 %…
Amazon suffers outage with error messages for thousands of shoppers
New Delhi: Amazon went down for thousands of users for a couple of hours as the e-commerce portal pages did not load at all, displayed error messages, or loaded slowly…
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…
Meesho logs in 5.3 million orders
Internet commerce platform Meesho has recorded 5.3 million orders during its flagship sale event — Maha Indian Savings Sale — that was held on Sunday. Nearly 1 lakh sellers participated…
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…
Future Enterprises defaults on Rs 1.41 crore interest payment for NCDs
Debt-ridden Future Enterprises Ltd (FEL) has defaulted on payment of interest of Rs 1.41 crore for its non-convertible debentures. The due date for payment was June 6, 2022, Future Supply…
Percentage of online shopping scam victims down to 74%: Report
New Delhi: The number of online shoppers who suffered losses after being deceived by online scammers grew at the onset of Covid-19. However, the percentage of online shopping scam victims…
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…