New Delhi (IANS) Resurgence of Covid infections along with re-imposition of partial travel restrictions in some major states has triggered a clamour among a section of airlines for reduction of flight capacity. Accordingly, industry insiders contend that rising cases have severely … read more
New Delhi (IANS) Diversified conglomerate GMR Group has launched a new business vertical – GMR Innovex – to support StartUps as well as innovations in aviation and other fields. “GMR Innovex will operate on an ‘Open Innovation’ model, acting as an … read more
Bengaluru (IANS) Global software major Wipro on Thursday announced buying Australia-based Ampion for $117 million (Rs 858 crore), as it provides cyber security, Dev Ops (software development and IT operations) and engineering services. “The transaction is expected to be completed during … read more
New Delhi (IANS) Embodying the ethos of ‘Responsible Luxury’, ITC Hotels, the world’s largest chain of hotels with the maximum number of LEED Platinum Certified Properties, has been accorded yet another distinction by the USGBC (United States Green Building Council), making … read more
New Delhi (IANS) The much-delayed privatisation of Air India is likely to complete in the first half of this year. Speaking at the Times Network India Economic Conclave, the Union Minister for Civil Aviation, Hardeep Singh Puri said that financial bids … read more
New Delhi (IANS) Nearly half of the companies in India are confident about their readiness to implement the new labour codes, according to Grant Thornton Bharat’s Industry Expectation Survey on New Labour Codes. The survey, released at a webinar organised by … read more
New Delhi (IANS) Most people are of the opinion that online fantasy sports classify as gambling. As per a survey by Local Circles, 67 per cent of citizens in the survey called it gambling while only 12 per cent of citizens … read more
New Delhi (IANS) Public sector oil marketing companies IndianOil, Hindustan Petroleum and privation bound Bharat Petroleum remained active in the country’s oil market in 2020 even though the pandemic and lockdown severely dented demand for petroleum products. Even with petrol and … read more
New Delhi (IANS) Exporters will have to wait longer to get incentives under the new Remission of Duties and Taxes on Export Products (RoDTEP) scheme. Sources privy to the development said differences between the Commerce and Finance Ministries over the quantum … read more
New Delhi (IANS) Experts have pointed out that the provision providing for concessional income tax rate of 5 per cent on debt return for foreign portfolio investors (FPIs) has been inadvertently omitted. Sunil Badala, Partner and Head (financial services, tax) at … read more