INDIA - CNN O TV

Current tax architecture on Virtual Digital Assets (VDA) led to an outflow

5Jan

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ENGLISH, INCOME TAX, INDIA

Current tax architecture on Virtual Digital Assets (VDA) led to an outflow

Current tax architecture on Virtual Digital Assets (VDA) led to an outflow of INR 32 thousand crores during Feb-Oct 2022: Esya Centre Report 04 Jan 2022: Esya Centre, a New Delhi-based technology policy think-tank, has published a first-of-its-kind da ta-led study on the economic impact of India’s taxation framework for virtual digital assets (VDAs), with knowl edge support from Taxsutra, India’s largest B2B tax portal. The think-tank analysed the impact of three events on the centralised virtual digital asset (VDA) industry in In dia, announced on 1st February 2022 during the Union Budget 2022-23: (a) a levy of a flat 30 percent tax on gai ns from VDA trade applicable from 1st April 2022; (b) a levy of 1 percent tax deducted at source (TDS) on trans actions above INR 10,000 from 1st Jul...

Schoolnet and YuWaah at UNICEF partner to help India’s youth achieve their dreams / aspirations

5Jan

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ENGLISH, INDIA, TECHNOLOGY

Schoolnet and YuWaah at UNICEF partner to help India’s youth achieve their dreams / aspirations

Schoolnet and YuWaah at UNICEF partner to help India’s youth achieve their dreams / aspirations National, 03 January 2022: Schoolnet India Ltd., a unique, innovative, and leading EdTech company, today ann ounced its partnership with YuWaah at UNICEF to connect Indian young people with aspirational work oppor tunities and engage them as active changemakers. YuWaah has come together with public, private sector part ners and young people to establish a network to catalyze this impact. YuWaah (Generation Unlimited in India) at UNICEF is a globally and locally incubated platform hosted with UNI CEF as a multi stakeholder partnerships platform. Their aim is to connect around 100 million Indian youth with aspirational economic opportunities for productive lives and future employment, facil...

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey

5Jan

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BANK, ENGLISH, INDIA

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey To leverage Microsoft Azure stack to consolidate and modernize its enterprise data landscape Enhance employee productivity and customer experience using Microsoft Power Platform Embed Microsoft Security solutions to enable secure hybrid work for employees Chennai, January 3, 2023 : HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the ne xt phase of its digital transformation journey and unlocking business value by transforming the application portf olio, modernizing the data landscape and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several co mpanies including ...

ROYAL ENFIELD RECORDS SALE OF 68,400 MOTORCYCLES IN DECEMBER 2022

4Jan

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ENGLISH, INDIA, MOTOR VEHICLE

ROYAL ENFIELD RECORDS SALE OF 68,400 MOTORCYCLES IN DECEMBER 2022

ROYAL ENFIELD RECORDS SALE OF 68,400 MOTORCYCLES IN DECEMBER 2022 New Delhi: January 1, 2023: Royal Enfield posted sales of 68,400 motorcycles in the month of December 2022 as against 73,739 motorcycles sold during the same month in the previous financial year. Royal Enfield export ed 8, 579 motorcycles during the month as compared to 8,552 during the same period last year. Speaking about the performance for the month of December 2022, B Govindarajan, CEO, Royal Enfiel d said, “This has been a great year for us at Royal Enfield, and our performance throughout the year has been very encouraging i n both domestic and international markets. We have been able to strengthen our foothold in the overseas market with t he inauguration of our fourth CKD, outside India in Brazil. After lau...

The leading Transport Infrastructure Consultancy

4Jan

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ENGLISH, INDIA, INDUSTRIES

The leading Transport Infrastructure Consultancy

The leading Transport Infrastructure Consultancy and Engineering company, Gurugram, December 31st, 2022: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering company, signed a memorandum of understanding (MoU) with KIIFCON, a consultancy organisation under the Kerala Infrastructure Investment Fund Board (KIIFB), to jointly explore, identify, secure, and execute consultanc y projects. As part of the MoU, both entities will work as partners (development and execution) to provide consultancy for transport and infrastructure projects in various sectors, including highways, airports, ports & waterways, urban transport (metros), sustainability, urban/industrial planning, bridges & tunnelling, and railway infra etc., across the domestic and international market...

EICHER MOTORS LTD., PARENT COMPANY OF ROYAL ENFIELD, ANNOUNCES STRATEGIC

4Jan

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ENGLISH, INDIA, MOTOR VEHICLE

EICHER MOTORS LTD., PARENT COMPANY OF ROYAL ENFIELD, ANNOUNCES STRATEGIC

EICHER MOTORS LTD., PARENT COMPANY OF ROYAL ENFIELD, ANNOUNCES STRATEGIC INVESTMENT IN SPANISH ELECTRIC MOBILITY COMPANY, STARK FUTURE S.L. The Board of Eicher Motors Ltd. (EML) has approved a strategic investment in, and plans for collaboration with European, high-performance electric motorcycle manufacturer Stark Future SL, EML will make an initial equity investment of € 50 million, translating to close to 10.35% equity stake in Stark Future SL | EML will also nominate a Director to the Board of Stark Future This investment will pave the way for a long term partnership in collaborative research anddevelopment in electric motorcycles, technology sharing, technical licensing, and manufacturing Eicher Motors Ltd., leading Indian multinational automobile company, and parent ...

To celebrate the indomitable spirit of India, YRF India’s largest film distribution and production company

4Jan

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ENGLISH, HINDI MOVIES, INDIA

To celebrate the indomitable spirit of India, YRF India’s largest film distribution and production company

To celebrate the indomitable spirit of India, YRF India’s largest film distribution and production company Chennai, January 19, 2023: To celebrate the indomitable spirit of India, YRF (India’s largest film distribution and production company) has associated with Shell’s Lubricants business as the official engine oil partner for ‘Patha an’. Set to release on January 25, 2023, this first-of-its-kind association underscores Shell’s ‘Partners in Progress’ philosophy, promoting the spirit of building and growing community partnerships with their loyal trade partners. The out-film partnership is a testament to Shell’s efforts in recognizing mechanics who are valued members of th e business and will provide them with an exciting opportunity to meet superstar Shah Rukh Khan. Commenting on t...

Collinson’s Priority PassTM Access India Partners with RazorpayX

28Dec

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ENGLISH, INDIA

Collinson’s Priority PassTM Access India Partners with RazorpayX

Collinson's Priority PassTM Access India Partners with RazorpayX to Provide Premium Lounge and Airport Experiences to Corporate Travellers in India The partnership enables RazorpayX Corporate Card holders to enjoy access to over 50 premium lounges and airport experiences across all major cities in India Priority PassTM Access India is Collinson’s dedicated domestic airport lounge experiences programme in India that was recently launched in partnership with Pine Labs, a leading merchant commerce platform 20 December 2022 : Priority PassTM Access India, a recently launched domestic airport lounge experiences pro gramme owned and operated by Collinson, today announces a new partnership with Indian digital payments and banking solution provider, Razorpay. This partnership ...

ITC Sunfeast launches Supermilk – the ‘Strong’ milk biscuit – in Tamil Nadu

28Dec

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ENGLISH, FOOD PRODUCT, INDIA

ITC Sunfeast launches Supermilk – the ‘Strong’ milk biscuit – in Tamil Nadu

ITC Sunfeast launches Supermilk – the ‘Strong’ milk biscuit – in Tamil Nadu ~ A carefully crafted product for young children, packed with the punch of Naatu maatu paal Chennai, 21 December, 2022: Being at the forefront of delivering high quality products to consumers, ITC Sunfe ast, today announced the launch of its new product ‘Sunfeast SUPERMILK’ biscuits in Tamil Nadu (TN). TN curre ntly contributes to around 40% of the milk biscuit industry and Sunfeast is making a strategic foray into this seg ment to leverage the large business opportunity. Given the love for ‘strong’ coffee/tea among the people of Tamil Nadu, SUPERMILK is an insightful approach to address the need for a ‘strong milk biscuit’ option for kids. SUPERMILK contains a higher proportion of milk com pared to...

RITES wins SAFA’s Gold Award for Best Presented Annual Report

28Dec

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ENGLISH, INDIA, INDUSTRIES

RITES wins SAFA’s Gold Award for Best Presented Annual Report

RITES wins SAFA’s Gold Award for Best Presented Annual Report RITES Limited, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, has been awarded a Gold in the In frastructure & Construction category by the South Asian Federation of Accountants (SAFA). The award was pres ented to RITES during SAFA’s Best Presented Annual Report Awards, Integrated Reporting Award & SAARC Ann iversary Award for Corporate Governance Disclosures 2021 ceremony in Kathmandu, Nepal, on 18th December, 2022. The Hon’ble Auditor General of Nepal, Mr. Tanka Mani Sharma Dangal, conferred the award upon team RITES, represented by RITES’ Director (Finance) Mr. B.P. Nayak and General Manager (Finance) Mr. Anjeev Kumar Jain. This award recognizes accounting best practices and policies adopte...