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Mahindra and Mahindra will launch premium SUV XUV700 in the 2nd quarter of this funding

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Mahindra & Mahindra Ltd on Thursday said it would launch its premium SUV XUV700 in the second quarter of ongoing funding. The new model, built on the W601 platform, will be installed at the company’s Chakan facility in Maharashtra, M&M said in a statement. The XUV700, one of the most anticipated offerings from Mahindra, will …

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India’s market is leading global aviation revival, will create another 9 lakh jobs by 2030, Boeing said

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The Indian aviation market is leading the global recovery, having reached 76 per cent pre-epidemic levels, with a global average of 58 per cent.Data, aircraft manufacturer Boeing said from its Indian perspective, is based on traffic until April 5th.Home cars in India are fast approaching early by 2020 or ‘normal’ levels, “said David Schulte, Regional …

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Increasing commodity prices are affecting the Indian economy

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Continued rising commodity prices will have a major impact on the Indian economy which is still struggling to emerge from the impact of Covid-19, says the Ind-Ra rating agency. According to Ind-Ra, high inflation that is not commensurate with the corresponding increase in wage growth will have a negative impact on demand for consumption and …

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Government examining industry demands for tax compliance deadline: report

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The Center is examining proposals to extend the compliance deadline for Income Tax and Goods and Services Tax (GST) to relieve businesses during the second COVID-19 wave. Business Standard reported that the government has received a number of industry representations from micro, small and medium enterprises (MSME), with an extension of up to three months. …

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Oxford Economics slashes India’s 2021 GDP growth estimate to 10.2%

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The global forecasting firm Oxford Economics on Monday revised its estimate of India’s GDP growth to 10.2 percent from 2021, which was already 11.8 percent, indicating the country’s growing health burden of immunization. There is a lack of a solid government strategy to reduce the rate and prevent the epidemic. Oxford Economics also said that …

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Are you planning to pay income tax? Here are some tips to help you get started

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For the new financial year, new rules have been enacted and will affect your wallets.The government has introduced a number of taxpayer reforms as well as the general public. Here is a list of the changes that will take effect from April 1. Reduction of FY ITR Filing deadline for FY 2020-2021 until December 31, …

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Here’s how to check the Barbeque Nation Hospitality IPO allocation status:

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After successfully raising 453 rupees from the initial public offering (IPO), all eyes are on the shareholding in Rakesh Jhunjhunwala sponsored by Barbecue Nation Hospitality. Barbeque Nation Hospitality (IPO) shares for the first time are expected to be completed on April 1. Investors can check their share status on the IPO registrar’s website, Link Intime …

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CCI ordered probe against alleged unfair practices against Tata Motors

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The Competition Commission has ordered a detailed inquiry against Tata Motors for misuse of the lead position in relation to dealership agreements. The order came on two complaints filed against Tata Motors, Tata Capital Financial Services Limited and Tata Motors Finance Limited (opposite party). The Competition Commission of India (CCI) observed that the complainants are …

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SBI, HDFC, Kotak Mahindra, LIC among failed to perform TRAI by violating SMS rules

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The Telecom Regulatory Authority of India (Trai) has released a list of defaulters that failed to apply the new SMS rules to prevent the threat of unsolicited commercial SMS. Among the agencies that ignore Trai’s policies are the State Bank of India, HDFC Bank, Kotak Mahindra and Life Insurance Corporation of India. The telecommunications regulator …

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Finding surprises in tax collection, said Finance Secretary Tarun Bajaj

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Tarun Bajaj holds two key positions – economic affairs and revenue – at a time when the economy is recovering from Covid’s panic. In an interview, the chief financial officer told the TOI that the revenue collection had been surprisingly low, and that the government had forced spending two months ago. Will you see updated …

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