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Finance Ministry to seek Cabinet approval for setting up company to monetise land assets of privatisation-bound CPSEs

Finance Ministry to seek Cabinet approval for setting up company to monetise land assets of privatisation-bound CPSEs

The finance ministry will soon move the Cabinet to seek the approval for setting up a company for transfer and subsequent monetisation of land and non-core assets of privatisation-bound CPSEs, an official said. A special purpose vehicle (SPV)...

IT Department detects tax evasion worth crores after multiple raids

IT Department detects tax evasion worth crores after multiple raids

The Income Tax Department has detected tax evasion worth crores of rupees after it has raided a group engaged in digital marketing and another entity engaged in solid waste management, the CBDT said on Sunday. The searches were carried out on...

What to consider before Merger/Acquisition

What to consider before Merger/Acquisition

Running a successful business organization is no cake walk and during the recent times, when covid19 has run rampant and nearly destroyed many businesses, it is even tougher on business leaders to keep their companies afloat. As the industry realm...

India to grow at 8.5% in 2022, will retain fastest growing economy tag, states IMF

India to grow at 8.5% in 2022, will retain fastest growing economy tag, states IMF

India's economy, which contracted by 7.3 per cent due to the COVID-19 pandemic, is projected to be the fastest growing economy in the world in 2022, according to latest projections released by the International Monetary Fund on Tuesday which...

Larsen & Toubro (L&T) Construction bags 'significant' orders for various businesses

Larsen & Toubro (L&T) Construction bags 'significant' orders for various businesses

Larsen & Toubro (L&T) on Tuesday has said that its construction arm has bagged 'significant' orders in the country for its various businesses. "L&T Construction, the construction arm of L&T, has secured various orders...

Tata Motors raises close to $1 billion from TPG and ADQ for the EV business

Tata Motors raises close to $1 billion from TPG and ADQ for the EV business

Indian automaker Tata Motors has raised 75 billion rupees ($994 million) from the private equity firm TPG's Rise Climate Fund as well as Abu Dhabi's ADQ to expand its passenger electric mobility business, the company has said on Tuesday....

Reliance New Energy Solar Ltd invests in German solar wafer company NexWafe

Reliance New Energy Solar Ltd invests in German solar wafer company NexWafe

Reliance Industries, through its unit Reliance New Energy Solar Ltd (RNESL), has invested in the German “green solar wafers” technology company NexWafe GmbH (NexWafe), and signed a pact with Danish...

Finance Ministry releases Rs 9,871 crore revenue deficit grant to 17 states

Finance Ministry releases Rs 9,871 crore revenue deficit grant to 17 states

The Finance Ministry on Monday has said that it has released Rs 9,871 crore of revenue deficit grant to 17 states. The states which will receive money from the grant as recommended by the 15th Finance Commission include Andhra Pradesh, Assam,...

Institute of Chartered Accountants of India (ICAI) against exempting small firms from mandatory statutory audit

Institute of Chartered Accountants of India (ICAI) against exempting small firms from mandatory statutory audit

The Institute of Chartered Accountants of India (ICAI) has defended its stance, saying it is not for exempting micro, small, as well as medium firms from the mandatory statutory audit and that the National Fin­an­cial...

RIL boosts solar business with deals worth Rs 9,000 crore

 RIL boosts solar business with deals worth Rs 9,000 crore

Mukesh Ambani’s $10-billion renewables dream will take wings with the acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40 percent stake in Sterling & Wilson Solar, a Shapoorji-Pallonji group...

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