Two and three wheelers rides in fast lane for Uber
“In India, more than three out of every five trips are now on two-wheelers or three-wheelers,” Prabhjeet Singh, president, Uber India and South Asia told ET.
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US bankruptcy court holds Byju Raveendran in contempt for failure to comply with its orders
The court has further directed Raveendran to comply with the discovery orders. “Raveendran shall remit to the clerk of court the sum of $10,000 for each day he remains in contempt of the orders,” it said. In American legal parlance,…
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Bharat Bandh hits services across India; 10 key updates from major cities
A nationwide Bharat Bandh, called by trade unions and farmer groups, disrupted key sectors like banking, transport, and power. Over 25 crore workers protested against government policies, impacting banking operations significantly, especially in Gujarat. Transport networks faced blockades and delays…
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360 ONE gets CCI approval to acquire UBS India’s wealth and lending businesses
The Competition Commission of India (CCI) approved the acquisition of wealth and lending units of UBS AG by 360 ONE Group entities.
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Recovery of income-tax dues doubles to Rs 20,000 crore in Q1
The Central Board of Direct Taxes (CBDT) has significantly ramped up its recovery efforts, collecting ₹20,000 crore in outstanding dues in the first quarter of this fiscal year, nearly double the amount recovered in the same period last year. With…
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Pharma lobby flags ‘cumbersome’ export rule, seeks change
Pharma lobby groups are urging for changes to the centralized no-objection certification (NOC) for drug exports due to a significant export decline. The requirement for approvals from importing countries or Indian regulators has increased trade diversions. Industry experts are calling…
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