Delhivery invests in Falcon Autotech, a transportation automation technology

The platform for logistics Delhivery has announced its investment in Falcon Autotech, a developer of logistics automation systems. However, the amount spent in Falcon Autotech by Delhivery has not been disclosed. Delhivery expects to collaborate with Falcon Autotech to build and deploy innovative automation solutions for transportation and warehousing operations as a result of this […]

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The GST Council has decided to postpone a rate increase on textiles from 5% to 12%.

The GST Council voted on Friday to postpone the rate hike on textiles from 5% to 12%, with the subject being revisited at the next meeting in February, according to Bikram Singh, Himachal Pradesh’s Industry Minister. The council was expected to put the raise on hold, according to early reports. The hike in the tax

The GST Council has decided to postpone a rate increase on textiles from 5% to 12%. Read More »

Pre-Budget consultations with state finance ministers are chaired by Nirmala Sitharaman.

At Delhi’s Vigyan Bhawan today, Union Finance Minister Nirmala Sitharaman presided over pre-Budget consultations with finance ministers from all states and union territories for the upcoming Union Budget 2022-23. Minister of State for Finance Dr. Bhagwat Karad, Department of Economic Affairs Secretary TV Somanathan, Department of Financial Services Secretary Debasish Panda, and other Finance Ministry

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Traders fear the Delhi government’s odd-even regulation for stores will cost them 60% to 70% losses.

Traders in Delhi are concerned about the odd-even rule placed on shops as part of the state government’s ‘yellow’ alert to combat the spike in coronavirus cases. The state administration has issued a ‘yellow alert,’ allowing shops in marketplaces to stay open on an odd-even basis from 10 a.m. until 8 p.m. While the Omicron

Traders fear the Delhi government’s odd-even regulation for stores will cost them 60% to 70% losses. Read More »

Following high-profile exits, Paytm consolidates offline payments and lends leadership.

Paytm, a digital payments and financial services company, revealed on Friday that it has integrated its offline payments operations with loans. The news follows the departures of many high-profile Paytm executives, including Abhishek Arun, Chief Operating Officer, Paytm Payments Bank, and Renu Satti, Chief Operating Officer, Offline Payments. In addition to his current responsibilities, Bhavesh

Following high-profile exits, Paytm consolidates offline payments and lends leadership. Read More »

According to CAIT, Amazon’s acquisition of Cloudtail violates India’s FDI laws.

The Confederation of All India Traders (CAIT) has stated that Amazon’s acquisition of Cloudtail’s parent company, Prione Business Services Private Limited, will “violate the country’s Foreign Direct Investment rules.” According to the CAIT, Amazon’s purchase of a 76% share in Prione from Narayana Murthy’s Catamaran Ventures will change the latter from a marketplace to an

According to CAIT, Amazon’s acquisition of Cloudtail violates India’s FDI laws. Read More »

The Internet has criticized the government’s proposed Crypto Bill 2021.

In The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will be submitted in the forthcoming Winter Session of Parliament, the Centre proposed to outlaw all private cryptocurrencies with some exceptions. This move is motivated by concerns about cryptos purportedly being used to defraud investors and fund terrorism. As it turns out, netizens

The Internet has criticized the government’s proposed Crypto Bill 2021. Read More »

Latent View Analytics IPO: GMP’s predictions ahead of today’s stock market listing.

Latent View Analytics’ shares will be launched on the stock exchange on Tuesday following a record response to its Rs 600 crore initial public offering (IPO). Given the high demand for the IPO, the company’s shares are anticipated to trade at a premium on the stock exchanges today. Analysts are similarly bullish about the IPO,

Latent View Analytics IPO: GMP’s predictions ahead of today’s stock market listing. Read More »