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IndiaTV Business: Google News Feed: Digest for June 28, 2023

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HDFC Life gets Rs 942-crore GST demand notice

Friday 23 June 2023 06:05 PM UTC+00
HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against the supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said.
Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.

HDFC Life gets Rs 942-crore GST demand notice

Friday 23 June 2023 06:05 PM UTC+00
HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against the supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said.
Jio Satellite Communications is the only satellite communication firm that has favoured auction for the allocation of spectrum while other players in the segment, including telecom operator Bharti Airtel, have opposed it.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
Google CEO Sundar Pichai, who met Prime Minister Narendra Modi at the White Hosue on Friday, said that the company is going to invest $10 billion in India's digitisation fund adding they are going to open global fintech operation centre in GIFT City in Gujarat.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
On the occasion of Adani Group Chairman, Gautam Adani's 61st birthday, the 1983 World Cup champions graced the inaugural edition of the Adani Day on Saturday. Adani Group invited and felicitated all the world champion sportspersons to make the occasion special. The special thing is that the achievement of this Indian team is going to complete 40 years a day later on Sunday, June 25.
According to Reserve Bank Governor Shaktikanta Das, more than two-thirds of the Rs 2,000 currency notes were returned to the system within a month of the recall order. The Reserve Bank ordered the recall of Rs 2,000 banknotes worth approximately Rs 3.62 lakh crore on May 19 in an unexpected move that was part of the clean note policy. 
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
India US trade: Following recent Prime Minister Narendra Modi's State visit, India has decided to remove additional duties on US products, including chickpeas, lentils, and apples. These duties were initially imposed in 2019 in response to the US increasing tariffs on specific steel and aluminium products, government sources said.
Asian shares fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. Benchmarks declined in Tokyo, Sydney Hong Kong and Shanghai, but rose in Seoul. The rebellion by mercenary soldiers who briefly took over a Russian military headquarters on an ominous march toward Moscow was over. But the brief weakened President Vladimir Putin just as his forces were facing a fierce counteroffensive in Ukraine.
Leading IT services and solutions provider Synoptics Technologies has fixed the issue price at Rs 237 for its initial public offering (IPO).
Infosys Danske Bank deal: Infosys has bagged a digital transformation deal with Denmark-based Danske Bank valued at USD 454 million for a period of five years, the company said on Monday. As part of the strategic collaboration, Infosys will also acquire Danske Bank's IT centre in India which employs 1400 digitally skilled professionals.
The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
Retail prices of tomato skyrocketed to a high of Rs 100 per kg in some parts of India as supplies were hit due to heavy rains. "Tomato is being sold at a price of Rs 80 Kg. The rate has suddenly shot up in the past two-three days. This sudden increase in price is due to heavy rainfall. Rain has destroyed tomatoes," says Mohammad Raju, a resident of Delhi. 
India has slipped three ranks on the latest world competitiveness ranking released by the International Institute for Management Development (IMD). The country ranked 40th this year-- which is better than the 43rd rank in 2019-21. According to the IMD's World Competitiveness Centre (WCC) report, the government's efficiency has increased but still lagging in business efficiency infrastructure and economic performance.
According to RBI data released on Tuesday, India's current account deficit (CAD) decreased to USD 1.3 billion, or 0.2% of GDP, during the January-March quarter of FY23. This was primarily attributable to a moderated trade deficit and a robust increase in service exports.
UK Investment Minister Lord Dominic Johnson has said that he's very optimistic about the Free Trade Agreement (FTA) with India adding that it's really important for both nations and it is for businesses on both sides to help drive the agenda.
The Enforcement Directorate (ED) has arrested Supertech Owner RK Arora under the Prevention of Money Laundering Act (PMLA).
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