SBI reports Rs2,416 crore loss owing to bad loans State Bank of India (SBI), India’s biggest lender by assets, on Friday reported a net loss of Rs2,416 crore for the fiscal third quarter after setting…
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Salient features of the Central Goods and Services Tax (CGST) and Integrated GST Bills, as finalised by the GST Council i) A state-wise single registration for a taxpayer for filing returns, paying taxes, and to…
HDFC Bank introduces India’s first AI driven chat-bot HDFC Bank announced the launch of an electronic virtual assistant (EVA), an artificial intelligence-driven chatbot, for customer services. Eva is India’s first AI-based banking chatbot and can…
Measures to ease FDI Policy in certain sectors mooted The government is expected to soon announce relaxations in the foreign direct investment (FDI) policy in certain sectors, including single brand retail. The further liberalisation in…
Sixth interim report on Black money Justice (retd) Arijit Pasayat, deputy chairman of the Supreme Court-appointed Special Investigating Team (SIT) on black money disclosed that so far around ₹70,000 crore had been detected in black…
Wipro completes sale of its EcoEnergy division Wipro is India’s third largest software exporter and it has completed the USD 70 million sale of its EcoEnergy division. In November last year, the Bengaluru-based company had…
India’s first integrated heliport opened in Delhi The country’s first integrated heliport, a dedicated landing facility for helicopters, was opened in Delhi. The heliport consists of a terminal building with a capacity for 150 passengers,…
Centre and States agree on crucial CGST and IGST Bills The likely roll-out of the crucial indirect tax reform, the Goods and Services tax (GST), starting 1 July, received a shot in the arm as…
China is world’s principal IP infringer The theft of Intellectual Property (IP) remains a grave threat to the United States due to lack of legal enforcement and national industrial policies that encourage IP theft by…
Rajasthan becomes second state in the country Maharashtra to prohibit dual MRP Rajasthan has become the second state in the country after Maharashtra to prohibit all stadiums, restaurants, airports and cinema halls from charging any…