The Economic Times LIC appeals GST demand of ₹29.6 Lakh for FY 2019-20

LIC has appealed to the GST Appellate Authority, Delhi, against a ₹29.6 lakh GST demand for FY 2019-20, along with ₹23.09 lakh interest and ₹2.96 lakh penalty, citing output tax declaration and ITC issues.

The Economic Times GSTR 2B input tax issue: A new advisory by GSTN on how to fix it for FY 2023-24

Goods and services tax (GST): The GSTN in an advisory said that if you are facing the issue of non-generation of GSTR 2B which is a statement of input tax credit you can avail then the following might be the reason. ​Chartered Accountant Akhil Pachori says that buyers will not be able to claim input tax credit for pending invoices of FY 2023-24 if the supplier has not filed GSTR 1.

The Economic Times M&M, Skoda-VW India JV talks hit speed bump as companies unable to reach consensus on key issues

Negotiations between Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India for a 50:50 joint venture have stalled due to disagreements on key issues. The companies had previously signed non-binding MoUs but are now unable to finalize crucial agreements. M&M, which has strengthened its position in the Indian market, may be reluctant to proceed if it must compromise on development costs and sourcing.

The Economic Times Apple offers $100 million to undo Indonesia's iPhone 16 ban

Apple has significantly increased its investment proposal to Indonesia, from nearly $10 million to almost $100 million over two years, in an attempt to overturn a sales ban on the iPhone 16. The Indonesian government, however, is requesting that Apple shift its investment focus towards research and development for smartphones within the country.

The Economic Times Services tax surplus and robust remittances may help India in overcoming tariff hikes by US: CRISIL

The tariff hikes proposed by Donald Trump may pose threat to India's exports but the country's surplus in services trade and robust remittances flow may provide comfort, highlighted a report by CRISIL.

The Economic Times X faces hiccups in influencer-led monetisation push in India

A Kantar survey report in September pointed out a declining trend of brand spending on X. It stated that 26% of marketers are planning to spend fewer of their ad dollars on X in 2025 – the biggest recorded pullback from any major global ad platform. Elon Musk’s X is lagging in influencer marketing in India despite taking several steps to promote influencers and drive content-led engagement.

The Economic Times Capex companies will face a longer winter than consumer companies: Ajay Srivastava

Ajay Srivastava, CEO of Dimensions Corporate, believes that while the Indian market has faced difficulties, a reversal is underway. He sees positive signs in retail sales, particularly in sectors like two-wheelers, appliances, hotels, and aviation. However, he cautions that capex companies may experience a slower recovery due to limited government spending.

The Economic Times Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report

India's economic growth is projected to reach 6.7% in 2024-25. This follows a weaker second quarter with slower growth indicators. A rebound is expected in the latter half of the fiscal year, driven by agriculture and government spending. Domestic demand will continue to fuel growth, reaching 6.5% in 2025-26 and 2026-27.

The Economic Times IIFL Home Finance to register Rs 1 trillion AUM in next 3-4 years: Gaurav Seth, CFO

IIFL Home Finance's CFO, Gaurav Seth, projects the company's AUM to hit Rs 42-43 thousand crores by this fiscal year's end and Rs 1 lakh crore in the next 3-4 years. Seth outlines plans to achieve this ambitious growth through strategic partnerships, geographic expansion, and a focus on maintaining affordability for customers in challenging economic times.

The Economic Times Rupee holds ground; cenbank intervention counters outflows, dip in Asia FX

The Indian rupee ended nearly unchanged on Monday, supported by the central bank's market intervention as portfolio outflows and a decline in most Asian currencies weighed on the local unit.

The Economic Times Emerging India Focus Funds settles FPIs violation case with Sebi; pays Rs 64.35 lakh

The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against the applicant and issued a showcause notice in February for the alleged violations of FPI Regulations and Intermediaries Regulations.

The Economic Times Cost of borrowing very stressful, banks need to make interest rates affordable: FM Sitharaman

Finance Minister Nirmala Sitharaman acknowledged concerns about high bank interest rates impacting borrowers and hindering industrial growth. She emphasized the need for more affordable rates to support capacity building. Sitharaman also urged banks to prioritize lending over insurance product sales, citing the latter's contribution to borrowing costs.

The Economic Times Vertex Global Services partners with MSME Business Forum India

The Economic Times India rated fastest growing G20 economy with GDP growth projected at 7 pc for 2024

India is projected to be the fastest growing economy among the G20 countries with a 7 per cent GDP growth rate for 2024, followed by Indonesia in the second spot with 5 per cent while China is ranked third with an economic growth rate of 4.8 per cent.

The Economic Times Meesho acts against 2.2 cr suspicious transactions, lodges 12 cases in a year

Meesho, the SoftBank-backed e-commerce platform, took action against 2.2 crore suspicious transactions and filed 12 cases in the past year to combat fraud. Their efforts included partnering with threat intelligence platforms, filing FIRs, and obtaining a permanent injunction from the Delhi High Court against fraudulent websites.