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The Economic Times
The Economic Times Tax net widened, tax liability of middle class reduced under Modi govt
There has been a 120 per cent increase in returns filed between 2014 and 2024. From some 3.6 crore Income Tax Returns Filed in 2014, it increased to 7.9 crore this year.
The Economic Times Bharti Airtel faces Rs 10.65 Crore penalty under GST for 2017-18 tax liability
The Company is likely to challenge the order. "There is no material impact on financial, operation or other activities of the Company," Bharti Airtel said in an exchange filing.
The Economic Times New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it works
Input tax credit: The goods and services tax network (GSTN) has introduced a solution to help GST registered taxpayers into claiming the correct amount of input tax credit despite human error by the supplier in the invoice. GSTN said that the Invoice Management System (IMS) is still new so GST registered recipients may take some time getting used to this system.
The Economic Times ACC Limited faces ₹15.48 Crore tax demand from GST authorities
ACC Limited received a tax demand of over Rs. 15 crore from the CGST & CX Commissionerate, Ranchi. The demand pertains to the rejection of input tax credit claims. ACC Limited plans to appeal the order. The company stated that this demand will not significantly impact its financial or operational activities.
The Economic Times NBCC appoints Anjeev Kumar Jain as CFO
Anjeev Kumar Jain previously held the position of Director (Finance) of NBCC. This follows the departure of Saleem Ahmad, who has stepped down from the CFO role on the same date.
The Economic Times Trump 2.0: What’s in store for Indian IT services firms?
While quantifiable impacts remain speculative, Indian IT firms are preparing for a complex policy scenario under the Trump administration, with moderate optimism for long-term growth in US tech spending.
The Economic Times India's capex recovery expected in H2 FY25 as govt and corporate investments show growth potential
The slowdown in early fiscal spending was largely due to restrictions during the general elections, which led to a 35% YoY dip in central capex to Rs 1.8 trillion and a 21% decline in state capex to Rs 0.8 trillion in Q1.
The Economic Times India’s workforce to expand by 33.9 million with AI creating 2.73 million tech roles by 2028, says ServiceNow report
The report reveals India’s workforce will grow by 33.9 million by 2028, fueled by AI and emerging technologies. The rise of 2.73 million new tech roles will transform industries and job opportunities nationwide. Here are the key highlights of the report:
The Economic Times India’s workforce to expand by 33.9 million with AI creating 2.73 million tech roles by 2028, says ServiceNow report
The report reveals India’s workforce will grow by 33.9 million by 2028, fueled by AI and emerging technologies. The rise of 2.73 million new tech roles will transform industries and job opportunities nationwide. Here are the key highlights of the report:
The Economic Times US to award Akash Systems up to $18.2 million for chips production
Akash is utilizing its "Diamond Cooling" technology to improve thermal management with AI-focused data centers.
The Economic Times SaaS startup Zeplyn raises $3 million from Leo Capital, others
Founded in 2023 by former Google engineers Era and Divam Jain, the New York-based company’s artificial intelligence (AI) Meeting Assistant is tailored for financial advisors and wealth management firms. The tool converts unstructured conversational data into accurate notes, the company said.
The Economic Times Apple India profit soars, so does dividend payout
Apple India's dividend payout to its Irish holding company more than doubled to ₹3,302 crore in FY24, exceeding its net profit for the first time. This comes as iPhone sales surged in the country, boosting Apple India's revenue by 36%. While analysts acknowledge the impressive revenue, they also point to stagnant operating margins and increased inventory as potential challenges.
The Economic Times India's Blue Energy Motors plans to raise $100 mln by January, CEO says
India's Blue Energy Motors plans to raise $100 mln by January, CEO says
The Economic Times TeamLease targets 10% hiring cost reduction with new tech platform; CFO optimistic on growth despite muted BFSI and IT hiring
TeamLease Services remains bullish on growth despite a slowdown in BFSI hiring and muted IT demand, focusing on cost efficiency through tech investments to drive future hiring and profitability, says CFO Ramani Dathi.
The Economic Times India and South Africa Join Forces to Establish Chamber of Commerce, Strengthening Bilateral Economic Ties
In 2024, India and South Africa celebrate the 30th anniversary of their diplomatic relations, marking three decades of deep-rooted historical ties and cooperation. In support of the strong bilateral relations between South Africa and India, the private sector of both countries has collaborated in launching the India-South Africa Chamber of Commerce (ISACC) as an important and strategic platform in deepening and diversifying economic relations between the two countries.
