The Central Board of Indirect Taxes and Customs (CBIC) has refuted claims circulating on social media regarding delays and corruption in granting GST registration. The controversy began when a LinkedIn user alleged that their GST registration had been pending for 20 days, prompting accusations of corruption on X (formerly Twitter). CBIC responded by clarifying that…
The Reserve Bank of India (RBI) has reaffirmed its commitment to strengthening supervisory measures to ensure early identification of risks and vulnerabilities in the financial sector. The central bank aims to harmonize supervisory rigor across different segments of the financial system, focusing on the root causes of vulnerabilities. Given global economic uncertainties, the RBI stresses…
Tata Consultancy Services (TCS) CEO K Krithivasan saw a 4.6% increase in his total compensation for FY25, bringing his earnings to ₹26.52 crore. The details were revealed in TCS’s annual report, which highlighted executive pay, employee salary hikes, and the company’s financial performance. His total earnings are nearly 330 times the median salary of TCS’s…
The PwC India Foundation has launched its solar energy initiative in the Andaman and Nicobar Islands, marking a shift from diesel-powered electricity to renewable energy. “Addressing the energy needs of communities is a vital step toward improving livelihoods in the Andaman and Nicobar Islands,” says Jaivir Singh, Vice Chairman, PwC India Foundation. “At the PwC…
The Life Insurance Corporation of India (LIC) has achieved a historic milestone by securing a Guinness World Record for selling the highest number of life insurance policies in a single day. On January 20, 2025, LIC’s extensive network of 4,52,839 agents successfully issued 5,88,107 policies across India, setting a new global benchmark for agent productivity…
In a landmark step towards sustainable waste management, Hulladek Recycling Pvt Ltd, in collaboration with the Andaman & Nicobar Pollution Control Committee, launched e-waste management services in Port Blair. The initiative was inaugurated at the Tagore Government College of Education Auditorium, bringing together key stakeholders to address the pressing issue of electronic waste. The event…
New Delhi, May 22: Aluminium prices rose marginally by 10 paise to Rs 239.80 per kg in futures trade on Thursday as speculators created fresh deals amid positive trend in the spot market.Aluminium contracts for June delivery rose 10 paise, or 0.04 percent, to Rs 239.80 per kg on the Multi Commodity Exchange in a…
State-owned Oil and Natural Gas Corporation (ONGC) has reported a 35% decline in net profit for the fourth quarter of FY25, citing lower crude oil and natural gas prices as the primary reason for the downturn. The company’s net profit stood at ₹6,448 crore, down from ₹9,869 crore in the same period last year. Despite…
Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after heavy drubbing in the previous session amid buying in blue-chip bank stocks and a firm trend in Asian peers. The 30-share BSE benchmark gauge Sensex bounced back in early trade and climbed 267.68 points to 81,454.12. The NSE Nifty went up…
The Ministry of Corporate Affairs (MCA) is likely to amend the Insolvency and Bankruptcy Code (IBC) to clarify that prior permission of the Competition Commission of India (CCI) is not required for submitting bids under the corporate insolvency resolution process, government sources indicated. This comes in the backdrop of the Supreme Court (SC) rejecting the winning bid…
