India’s CBIC clarified transactions involving vouchers do not constitute supply of goods or services and are not liable to GST. GST will only apply to additional services such as marketing or commission-based distribution. Unredeemed vouchers are also not taxable. CBIC…
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Tamil Nadu Power Distribution Corporation cancelled a global tender for smart meters due to high costs quoted by the lowest bidder, Adani Energy Solutions Ltd. This follows allegations of Adani Group’s involvement in a USD 250 million bribery for solar…
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Hero MotoCorp Ltd received an additional tax demand of Rs 26.40 crore from the Income Tax Department for the assessment year 2020-21. The company is examining the order and may file an appeal. Hero MotoCorp believes the demand is unsustainable…
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Swish raising funds; former Dunzo executives have quick commerce plans, including enabler ‘Kuik’. Industry executives are of the view that while food and fashion are the big interest areas, pharmacy will soon emerge as a major quick commerce vertical.
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Given the sustained flow of companies filing draft red herring prospectus (DRHPs) with the markets regulator as a part of the IPO launch process, the domestic primary market is likely to remain a major route of equity investment for foreign…
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India’s economic outlook for 2025 is fraught with risks, as economists point to external challenges, including US policy shifts, and domestic issues like fiscal constraints, job creation, and monsoon performance that could significantly impact growth and stability.
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