MUMBAI: Bombay high court on Thursday quashed and set aside a show cause notice issued in 2022 to Tata Sons for a demand of Rs 1,524 crore as Integrated Goods and Service Tax (IGST).Justices Girish Kulkarni and Aarti Sathe on Thursday also agreed with Tata Sons that following the final settlement in 2017, Docomo’s withdrawal…
May 2026 bank holidays: May 2026 brings a packed holiday calendar for banks, with several state-specific closures to affect branch operations across India. While banks will not shut nationwide on every listed date, customers may need to track local holidays before planning cheque deposits, document work, cash transactions or in-person banking visits.Apart from weekly offs…
BENGALURU: Amazon’s quick commerce push in India is gaining early traction, with orders on its Amazon Now service growing about 25% month on month, chief executive Andy Jassy said during an analyst call, as the company ramps up investments in one of its fastest-growing markets. “We continue to expand our ultrafast delivery service, Amazon Now,…
The windfall tax was introduced to ensure that adequate domestic supplies of petroleum products remain available. (AI image) The windfall tax on exports of diesel and aviation turbine fuel (ATF) has been lowered effective May 1, 2026. The excise duty on petrol and diesel sold in the domestic market will remain unchanged. The levy on…
MUMBAI: Federal Bank said it agreed to acquire a select credit card portfolio of around 4.5 lakh cards from Standard Chartered Bank, India, comprising customers with standalone card relationships. The transaction will strengthen Federal Bank’s retail strategy with a sharper push in the non-co-branded segment. and provide access to a seasoned, high-quality customer base. The…
The rupee hit a record low of 95.33 against the dollar on Thursday, driven by surging crude oil prices and concerns over inflation and capital flows. Suspected RBI intervention helped the currency recover to close at 94.91, though it remains under pressure. The outlook for the rupee is closely tied to the trajectory of global…
NEW DELHI: Russia remained the largest source of crude for India in April, supplying 1.6 million barrels a day (mbd), followed by Saudi Arabia, the UAE, Venezuela and Qatar, data from shipment-tracking firm Kpler has shown.India imported nearly 4.4 mbd of crude in April, marginally lower than in March (4.5 mbd) and 85% of Feb…
Long ago, Indian kitchens ran on firewood, charcoal, and cow dung cakes. Today, almost every home runs on that one familiar blue flame: LPG.That familiar red gas cylinder is what keeps it all going. The steady blue flame is powered by LPG or Liquified Petroleum Gas, which has travelled a complex journey: crossing oceans, borders,…
Value 360 Communications Limited will open its initial public offering (IPO) for subscription on May 4 with the public issue closing on May 6, according to a statement issued on Thursday by the company. The company plans to raise up to Rs 41.69 crore through the SME issue, which will be listed on NSE Emerge.The…
NEW DELHI: With focus on building resilience in the shipping sector, amid the West Asia conflict and increased instances of global supply chain disruptions, govt will adopt a “structured tender” approach for manufacturing specialised vessels, such as gas and oil tankers, and fertiliser carriers. Under this, some vessels in the tender would be built overseas…
