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Amid Afghan uncertainties, India must weed out terror financing
Amid Afghan uncertainties, India must weed out terror financing

New Delhi,  As uncertainties rise in Afghanistan with the Taliban making rapid inroads, India will have to be watchful over terror money flowing into the country. The landscape for terror financing has altered in the last one year due to the Covid 19 pandemic and authorities need to be adequately prepared, sources said.

"

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Byju's acquires US-based Epic for $500mn, to invest $1bn in US
Byju's acquires US-based Epic for $500mn, to invest $1bn in US

Bengaluru,  Leading online learning platform Byju's on Wednesday said it has acquired Epic, the world's leading digital reading platform for kids 12 and under, for $500 million. The big acquisition comes on the heels of it buying the Aakash Institute for nearly $1 billion earlier this year.

The E

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IBBI allows IRPs to hire professionals for resolving complex cases
IBBI allows IRPs to hire professionals for resolving complex cases

New Delhi,  The Insolvency and Bankruptcy Board of India (IBBI) has come out with new regulations with respect of the insolvency resolution process for corporate persons that empowers resolution professionals (RPs) to hire the services of professionals to help conduct complex resolution processes.

The ch

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'SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters'
'SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters'

 

New Delhi, The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions, applications, suits and appeals and will not impact actions

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ICICI Securities' YoY consolidated net profit up 61%
ICICI Securities' YoY consolidated net profit up 61%

New Delhi,  ICICI Group's subsidiary ICICI Securities on Wednesday reported a year-on-year rise of 61 per cent in its consolidated net profit for Q1FY22.

The consolidated net profit for Q1FY22 rose to Rs 311 crore from Rs 193 crore in Q1FY21, on account of growth in revenue and improvement in margins

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RBI allows IDFC to exit IDFC First Bank
RBI allows IDFC to exit IDFC First Bank

Mumbai,  The Reserve Bank of India had allowed IDFC to exit the IDFC First Bank.

In a regulatory filing made to the BSE, IDFC said that the RBI on July 20 clarified that "after the expiry of lock-in period of 5 years, IDFC Limited can exit as the promoter of 'IDFC FIRST Bank Limited'".<

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Havells India's YoY Q1FY22 standalone net profit up 271%
Havells India's YoY Q1FY22 standalone net profit up 271%

New Delhi,  Fast Moving Electrical Goods (FMEG) company Havells India on Wednesday reported a rise of 271 per cent in its year-on-year standalone net profit for Q1FY22.

The company's net profit grew to Rs 234 crore in Q1FY22 as against Rs 63 crore in Q1FY21.

Besides, its Q1FY22 net rev

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MMRC completes 97% tunnelling on Colaba-SEEPZ Metro line
MMRC completes 97% tunnelling on Colaba-SEEPZ Metro line

Mumbai,  Spelling cheers for Mumbaikars, almost 97 per cent tunnelling work on the longest and fully-underground Colaba-Bandra-SEEPZ Mumbai Metro 3 corridor has been completed with the 39th breakthrough achieved at Mahalaxmi, officials said on Wednesday.

Till date, the Mumbai Metro Rail Corporation (MMRC

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IBM to digitise Bengaluru airport operations
IBM to digitise Bengaluru airport operations

Bengaluru,  Global software major IBM would digitise Bengaluru international airport operations to transform fliers experience, said its operator on Wednesday.

"We have entered into a 10-year partnership with IBM's 's global business services arm to digitise our IT network for operating the

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Homicides in Mexico fall 3.5% in 1st half of 2021
Homicides in Mexico fall 3.5% in 1st half of 2021

Mexico City,  Homicides in Mexico declined 3.5 per cent in the first half of the year compared to the same period of 2020, Minister of Security and Citizen Protection Rosa Icela Rodriguez said.

Between January and June, 16,937 homicides were registered in the country, with six states accounting for 50.2

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